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 February 8, 1954
Full News Archive
- Headline: Pakistan Pact Approved by Washington. Impact: This little pact between the U.S. and Pakistan probably led to a string of political alliances that eventually resulted in that one awkward moment at a global summit where everyone forgot to invite Pakistan. Thanks, Hoover!. Fact: Fun fact: Hoover's involvement in international disputes was so legendary, he once tried to negotiate peace between cats and dogs..
- Headline: $12 Million Deal for Hecht-Lancaster. Impact: The $12 million deal marked the beginning of Hollywood's obsession with contracts that sound like the GDP of a small country. This eventually led to the rise of multi-million dollar superhero movies that made you question your life choices.. Fact: In today's money, that deal is worth... a lot. But don't worry, you can still make a film about a tree and get a franchise out of it!.
- Headline: Bishop Higgins Concludes Rectorate. Impact: Bishop Higgins stepping down caused a ripple effect in the religious community, leading to a series of 'who's next?' bingo games among local clergy. Spoiler: it got messy.. Fact: Did you know that every time a rector steps down, somewhere a church choir practices a new anthem?.
- Headline: Maxwell Bodenheim, Wife Slain In the Poet's Dingy Bowery Room; BODENHEIM SLAIN WITH WIFE IN FLAT. Impact: Bodenheim's tragic end not only shocked the literary community but also inadvertently inspired countless crime novels where the author lives to tell the taleβat least until the next plot twist.. Fact: Maxwell Bodenheim was once hailed as the 'Poet of the Bowery.' Now heβs the 'Cautionary Tale of the Bowery.'.
- Headline: LONDON FORESEES NEW MONEY RATE; City Discusses Possibility the Bank of England Will Cut Discount Figure. Impact: The Bank of England's decision to cut rates eventually led to a game of economic 'hot potato' that had everyone passing the blame for the next financial crisis. Thanks, London!. Fact: Fun fact: when the rate is cut, coffee prices soar. Coincidence? I think not!.
- Headline: RIEGELMAN DISPUTES FIGURES ON CITY NEEDS. Impact: Riegelman's dispute over city needs likely kicked off a series of budgetary squabbles that can still be heard echoing through city halls today. If only they had a magic budget wand.. Fact: Did you know that arguing over state aid is basically the adult version of a playground squabble? 'I need more money!' 'No, you don't!'.
- Headline: DEMOCRATS NAME CALIFORNIA TICKET; Pre-Primary Convention Picks Graves for Governor Race and Yorty for Senator. Impact: The California Democrats naming their ticket was like picking teams for dodgeball but with more at stake and slightly more backstabbing. Spoiler alert: they still dodged accountability.. Fact: Fun fact: the only thing quicker than a political name drop is the speed at which voters forget those names..
- Headline: Armistice Day Change Asked. Impact: Changing Armistice Day to Veterans Day was like switching from a classic rock station to a pop stationβpeople complained, but eventually, everyone just got used to it.. Fact: Did you know that in some alternate universe, Armistice Day is celebrated with confetti and balloons? Seriously, someone should check on that universe..
- Headline: SOVIET SHAKES UP PARTY LEADERSHIP IN TWO REPUBLICS; Moldavia and Kazakhstan Affected in Move Believed to Herald Major Reshuffle. Impact: The Soviet shake-up had all the subtlety of a toddler throwing a tantrum in a candy store. It foreshadowed the inevitable restructuring that would leave many wondering who was really in charge.. Fact: In Soviet Russia, party leadership shakes up you! Well, not really, but it sure felt like it at times..
- Headline: GREENPORT AIDING PARSONAGE DRIVE; Interfaith Group Proposes to Build Home for Minister of African Zion Church. Impact: The interfaith drive for a parsonage showed that even in the 1930s, people were still struggling to build homes and communities. This trend continues today, but now everyone has a GoFundMe.. Fact: Did you know that the idea of an interfaith group building a home for a minister is basically the 1930s version of a collaborative Airbnb?.
Wall Street Time Machine
GE
General Electric
General Electric - If you invested $1,000 in 1954, it would be worth $487,500 today (487.5x return)
IBM
IBM
IBM - If you invested $1,000 in 1954, it would be worth $205,272 today (205.3x return)
PFE
Pfizer
Pfizer - If you invested $1,000 in 1954, it would be worth $168,691 today (168.7x return)