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 December 30, 1953
Full News Archive
- Headline: Premiere of French Line in St. Louis. Impact: The screening of 'French Line' set off a chain reaction of poor cinematic choices, leading to decades of questionable remakes and sequels. Thanks to Jane Russell, we now have a whole genre dedicated to 'so-bad-they're-good' films.. Fact: Did you know that 'French Line' is often considered a cinematic masterpiece? Just kidding, it’s more like a French fry—greasy and not good for you!.
- Headline: Tragic Death of Joseph H. Conkle. Impact: Joseph H. Conkle's tragic suicide sent ripples through the theater community, leading to a heightened awareness of mental health issues among performers. This would eventually inspire countless musicals about despair and existential crises. Thank you, Broadway!. Fact: Did you know that theater managers have a history of dramatic exits? If only they could have found a better way to leave the stage..
- Headline: AUSTRALIA TO END INFLATION CURBS; Control Over Capital Issues, Only Part of Act Invoked, to Be Taken by States. Impact: Australia's decision to end inflation curbs sparked an economic rollercoaster, paving the way for the rise and fall of countless small businesses. In a bizarre twist, this would eventually lead to the creation of the term 'inflationary spiral,' which sounds more like a carnival ride than an economic concept.. Fact: Did you know that inflation is just a fancy way of saying your money is losing its value faster than your enthusiasm for Mondays?.
- Headline: ECONOMIST CITES LABOR COSTS KEY; Public Can Bolster Employer Resistance if Goal Is Price Stability, Slichter Says. Impact: Prof Slichter's insights on labor costs somehow led to a bizarre time loop where employers and unions became locked in an eternal game of tug-of-war, ultimately resulting in the invention of the 'office coffee fund' as a peace offering.. Fact: Did you know that the only thing more inflated than prices are the egos of employers who think they can single-handedly solve labor issues?.
- Headline: RICE CURBS REMOVED; Only One of Six 'Basic' Crops Free of Controls in 1954. Impact: The removal of rice curbs allowed for a surge in rice production, leading to an unexpected global obsession with sushi. Who would have thought that a little bit of bureaucratic freedom would make us all love raw fish?. Fact: Did you know that rice is the only food that can make you feel simultaneously full and hungry for more? It's a culinary magician!.
- Headline: White In Bankruptcy Action. Impact: White's bankruptcy filing sent shockwaves through the financial sector, creating a cautionary tale that would be taught in business schools for generations. Who knew that going bankrupt could become a lesson in 'what not to do'?. Fact: Did you know that bankruptcy can be a great way to declutter your finances? Just like spring cleaning, but with a lot more paperwork..
- Headline: APPEAL ON THRUWAY SET; Yonkers Units Seek to Block Plan to Use Avenue. Impact: The appeal by Yonkers units against the Thruway plan led to a series of legal battles that delayed infrastructure developments for decades. It also gave rise to a whole new genre of 'thruway' documentaries that nobody asked for.. Fact: Did you know that the longer a project is delayed, the more it becomes an urban legend? Legend has it, the Thruway is actually a portal to another dimension!.
- Headline: HELD IN $15,000 SWINDLE; Man Seized on Widow's Charge He Posed as F. B. I. Agent. Impact: The swindle involving a phony FBI agent opened the floodgates for con artists everywhere, leading to a reality where everyday folks became increasingly suspicious of anyone in a suit. Thanks a lot, Mr. Rudolph!. Fact: Did you know that posing as an FBI agent is a classic move? It's like wearing a superhero cape, but without the superpowers or the gratitude of the people..
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)