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 October 12, 1953
Full News Archive
- Headline: Tito's Threat Over Trieste Escalates Tensions. Impact: If Tito had successfully invaded Trieste, it would have led to a domino effect where European borders were redrawn every week, turning the continent into one giant game of Risk. The West might have started sending care packages of diplomacy instead of troops, forever changing the course of international relations.. Fact: Tito once claimed that he could negotiate peace while baking a strudel. Spoiler: he never baked..
- Headline: Allegations of Plane Deliveries to Korea. Impact: The accusation of flying in planes to Korea sparked a decade-long arms race, leading to the creation of a 'World's Worst Airplane' contest that still haunts aviation enthusiasts today.. Fact: The planes in question were so poorly made that they were nicknamed 'Flying Couches'βperfect for a relaxing ride to war..
- Headline: Subpoenas Issued for Raceway Ownership Data. Impact: The inquiry into track ownerships sent ripples through the gambling world, eventually leading to the creation of a secret society of racehorse owners who met under the cover of darkness to discuss their strategies. They even had a secret handshake!. Fact: The only thing more complicated than raceway shares is understanding why people still bet on horses instead of stocks..
- Headline: NON-VOTERS IRK MAYOR; Deploring Low Registration, He Terms It Unhealthy Sign. Impact: The mayor's lament about non-voters sparked a nationwide movement where people started registering to vote just to annoy him. This led to the invention of 'Vote-In-A-Box' parties, which were surprisingly successful.. Fact: The mayor once tried to win the 'Most Engaging Public Figure' award but lost to a traffic light..
- Headline: JENNER TIES TRUMAN TO 'SOFTNESS' ON REDS. Impact: Jenner's comments about Truman's 'softness' on Reds inadvertently inspired a new genre of political commentary: 'Blame It On Truman,' which became a popular catchphrase for decades.. Fact: Jennerβs criticism was so fierce that it was rumored Truman started practicing karate to defend himself against the 'soft' label..
- Headline: HOUSING CUTBACKS CITED; Reduction in Home Building Reported in Some Cities. Impact: The housing cutbacks led to a temporary surge in 'tiny house' popularity, influencing a generation of hipsters to downsize to shoebox-sized homes and call it 'minimalism'βa trend that continues to baffle real estate agents.. Fact: At one point, architects were designing houses that could fit in your backpack, but the trend fizzled out when no one could find a place to park them..
- Headline: NAGUIB TURNS FIRE ON BRITISH POLITICS; Egypt's President, Assailing Conservatives' Suez Stand, Says It Involves Sudan. Impact: Naguib's fiery remarks about British politics caused a ripple effect that inspired a whole new generation of political comedians in Egypt, some of whom went on to win international awardsβwhile simultaneously causing diplomatic incidents.. Fact: Naguib once considered a career in stand-up comedy until he realized the audience wasn't laughing with him, but rather at the state of politics..
- Headline: Credit Money Is 'Expensive' But Demand Remains Heavy; Viewing the Nation's Credit Outlook MONEY 'EXPENSIVE,' CREDIT STILL GAINS. Impact: The discussion about expensive credit led to a financial revolution that taught people to hide their expenses under creative accounting methods, ultimately giving rise to the infamous 'creative accountant' stereotype.. Fact: The term 'expensive credit' is a euphemism for 'good luck getting a loan without selling a kidney.'.
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)