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The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON May 11, 1954
Full News Archive
- Headline: Key Moments from McCarthy-Army Hearings. Impact: The McCarthy-Army hearings became the blueprint for modern political drama, proving that nothing gets ratings like a good old-fashioned public dispute. Who knew the future of reality TV was being crafted in the Senate chambers?. Fact: Did you know that the McCarthy-Army hearings were so riveting that even the senators occasionally forgot they were supposed to be acting 'professional'? Spoiler: it didn’t end well for McCarthy..
- Headline: PARAGUAY REGIME TO BE RECOGNIZED; Automatic Action Is Expected as Constitution Was Upheld in Recent Upheaval. Impact: This recognition of the Paraguayan regime set off a domino effect of diplomatic recognition that continues to confuse historians today—was it a legitimate government or just a really well-organized coup? The debate rages on!. Fact: Did you know that the 1953 Paraguayan regime's recognition was so swift that it inspired a new diplomatic policy called 'The Fast and the Curious?'.
- Headline: HEADS OIL MONOPOLY; Col. Magalhaes Is One-Time Brazil Attache in U. S.. Impact: Colonel Magalhaes taking the helm at Petrobras led to years of questionable oil practices that would later fuel conspiracy theories about Brazil's role in global oil politics. Spoiler: it involves a lot of secret handshakes.. Fact: Did you know that Col. Magalhaes was once a diplomat? Clearly, his transition to oil was smoother than a Brazilian carnival float!.
- Headline: STRIKERS DELAY HONDURAN TALKS; Cannot Agree on Spokesmen in United Fruit Negotiations -- 2d Company Affected. Impact: The delays in negotiations with United Fruit not only impacted Honduras but also set the stage for a century of fruit-related political drama. The phrase 'banana republic' got its real meaning from this endless back-and-forth.. Fact: Did you know that the inability to agree on spokesmen is what inspired the phrase 'too many cooks spoil the broth'? Apparently, in the case of United Fruit, it was more about too many bananas..
- Headline: Kefauver Leads Democrats In Scoring Foreign Policy; KEFAUVER LEADS ATTACK ON POLICY. Impact: Kefauver's foreign policy stance led to the U.S. becoming the go-to country for advice on Latin America, which explains why so many American tourists think they’re experts after a week in Cancun.. Fact: Did you know that Kefauver’s speeches were so popular that they were later adapted into a series of motivational seminars? 'How to Win Friends and Influence Foreign Policy' became a bestseller!.
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)