Breakthroughs and everyday innovations from the year.
HEADLINES ON September 1, 1953
Full News Archive
- Headline: British Health Official Visits U.S.. Impact: Miss Hornsby-Smith's insights into US health organizations led to a wild series of events, resulting in the invention of the first health insurance policy that actually covered the health of your bank account instead of your body.. Fact: Patricia Hornsby-Smith later became famous for suggesting that health care could be improved by simply telling people to drink more water. Revolutionary, right?.
- Headline: Books of The Times - 1953 Review. Impact: Niallβs tale about a boy who foresaw the future inadvertently inspired a generation of procrastinators to finally start writing their memoirsβjust in case they turned out to be the next literary sensation.. Fact: The book was so popular that it was rumored to have inspired a cult of overly optimistic fortune tellers..
- Headline: YUGOSLAVIA PLANS TO REPUDIATE PART OF TRIESTE TREATY; Will Reject a U. N.-Sponsored Free Zone, as U. S., Britain and France Did in 1948 YUGOSLAVIA PLANS TRIESTE PACT BAN. Impact: Yugoslaviaβs decision to repudiate parts of the Trieste Treaty sparked a chain reaction that would lead to more countries questioning treaties, resulting in endless diplomatic meetings that could have been emails.. Fact: Yugoslaviaβs insistence on revisiting old treaties led to the infamous 'Treaty Re-negotiation Olympics,' where countries competed for the most confusing legal jargon..
- Headline: U. N. ALLIES TO PLAN FAR EAST PARLEY IN CAPITAL TODAY; All Except South Korea Will Discuss Date and Place of Political Conference SEOUL'S ROLE IS IN DOUBT Its Participation Now Favored by Dulles -- Reds May Fight for Widening of Talks U. N. ALLIES TO PLAN FAR EAST PARLEY. Impact: The political conference in the Far East led to a series of discussions that ultimately resulted in everyone agreeing to disagreeβperfecting the art of diplomatic avoidance.. Fact: Dulles later became known as the βKing of Awkward Small Talkβ in diplomatic circles, often saying, 'So, how about that weather?'.
- Headline: STASSEN DROPS 250, WILL OUST 100 MORE; ' Aptitude Test' Figures in Cuts in Foreign Operations Staff -- Streibert Starts Slashes. Impact: Stassen's drastic staff cuts led to an unprecedented rise in job applications from cats and dogs, as they were seen as more reliable than many previously employed bureaucrats.. Fact: The aptitude tests for the remaining staff were rumored to include questions like 'Can you make a really good coffee?' and 'How well do you handle passive-aggressive emails?'.
- Headline: Article 4 -- No Title. Impact: The unionβs successful negotiations led to a massive increase in coffee consumption among workers, ultimately resulting in the invention of the espresso machineβbecause who doesn't need caffeine to deal with contract terms?. Fact: The 99% of non-ferrous industries that avoided a strike probably just had a really good pizza party, as everyone knows food solves all workplace disputes..
- Headline: TEXAS COAST REGION 'ALMOST SOLID LAKE'. Impact: The flooding of the Texas Coast led to the establishment of the first 'Waterfront Property Owners Association'βa group dedicated to ensuring that their homes remained appealing even underwater.. Fact: Local fishermen reported being confused as to whether they were fishing for fish or property values during the inundation..
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)