Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON August 22, 1953
Full News Archive
- Headline: World's Deepest Well Seeks Oil. Impact: This drilling fiasco eventually led to the creation of the phrase 'drilling for ideas' in corporate boardrooms, where executives have been digging for innovation ever since, often with similarly empty results.. Fact: Did you know that the world's deepest well is ironically located in a place called Paloma Field? I guess they should've named it 'Paloma No Oil' instead..
- Headline: Risks of Abandoned Iceboxes for Children. Impact: This realization of icebox dangers led to the invention of the refrigerator, which in turn caused the Great Ice Cream Wars of the 20th century. Parents, it seems, were distracted by their frozen desserts.. Fact: It's nice to know that iceboxes were once considered a death trap. Now, we just have to worry about our kids getting too attached to their screens..
- Headline: WILLIAMS ANNEXES TRAPSHOOT HONORS; Defeats Myers and Roberts in Extra Session of Grand American Handicap. Impact: Williams' victory not only secured his name in trapshooting but also inspired a generation of overly competitive parents at their kids' sports games, leading to a rise in unsolicited coaching advice.. Fact: Everyone knows trapshooting is a prestigious sport. I mean, who wouldnβt want to be shot at while holding a shotgun, right?.
- Headline: EVENING OUT TAKES 2-HORSE SPINAWAY; Beats Alines Pet and Earns $41,050 -- Saratoga Handicap, Grand Union Today. Impact: Evening Out's victory sent ripples through the betting community, leading to more people believing they could make a fortune off of horse racing, which ultimately caused the rise of countless 'get rich quick' schemes.. Fact: Did you know that 'Evening Out' is also what many people call their bank account after a night at the races? Coincidence? I think not..
- Headline: MRS. WILLIAM CRECCA SR.. Impact: Mrs. William Crecca Sr.'s legacy influenced a series of 'MRS.' titles for generations, eventually leading to a dramatic increase in women organizing dinner parties that no one wanted to attend.. Fact: Mrs. William Crecca Sr. β the original influencer of boring social gatherings since... well, whenever she was born..
- Headline: WILSON RETIRES AT 85; Succeeded by Son as Chairman of Meat Packing Concern. Impact: Wilson's retirement paved the way for a series of corporate dynasties where sons inherit businesses, which in turn led to a whole generation of 'trust fund babies' who think they know how to run a company.. Fact: E.F. Wilson taking over? Great, now we can expect a new line of meat products that taste like cardboard instead of actual meat..
- Headline: Bethlehem Gets Ford Contract. Impact: Bethlehem Steel's contract with Ford not only ensured a steady production line but also contributed to the belief that merging industries could solve just about any economic problem β spoiler alert: it didnβt.. Fact: Did you know that Bethlehem Steel was once the largest steel producer in the U.S.? Now itβs mostly known for being a cautionary tale in business schools..
- Headline: Marsh, Haunt for Birds in Philadelphia, On Way to Becoming Official Sanctuary. Impact: The transformation of Tinicum Marshes into an official sanctuary became a rallying point for environmentalists, leading to many future protests, which somehow never quite managed to stop the plastic straw phenomenon.. Fact: Marshes becoming bird sanctuaries? Just what every bird dreams ofβan official stamp of approval for their vacation destination!.
Wall Street Time Machine
CVX
Chevron
Chevron - If you invested $1,000 in 1953, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1953, it would be worth $487,501 today (487.5x return)
IBM
IBM
IBM - If you invested $1,000 in 1953, it would be worth $205,272 today (205.3x return)