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 May 25, 1954
Full News Archive
- Headline: New Optometry Courses Announced in 1954. Impact: If optometry courses had emphasized the need for better eyewear in the 1960s, maybe we wouldn't have had to endure the '70s fashion disasters that were worn by blind people!. Fact: Did you know that the first eyeglasses were invented in Italy in the late 1200s? So, we've been squinting and pretending to read for a long time now..
- Headline: Blood Banks Defend Against Red Cross Criticism. Impact: The blood banks defending their policies led to a robust bureaucracy that eventually inspired a whole generation of red tape enthusiasts. Who knew blood could bring out the paperwork in people?. Fact: Fun fact: The first blood bank was established during World War I. So, if you think bureaucracy is a modern invention, you might want to check your history books..
- Headline: Surge in Used Car Sales in 1954. Impact: An eight-month high in used car sales meant everyone suddenly had access to sweet rides. This eventually led to a nationwide obsession with buying lemons that would break down faster than your last relationship.. Fact: Did you know that the first recorded used car sale was in 1898? It's safe to say that shady deals and haggling have been around for a while!.
- Headline: Spellman Reaches Milan. Impact: Spellman's arrival in Milan set off a chain reaction of tourists flocking to Italy, leading to the worldβs most congested piazzas. Thanks, Spellman, for the 'cultural enrichment'!. Fact: Milan is known for its fashion, but did you know it also has a thriving coffee culture? Because nothing says 'fashion week' like a good espresso!.
- Headline: JOHN NIESZ SR.. Impact: The mention of John Niesz Sr. turned out to be the catalyst for a family feud over who gets to inherit the mysterious family heirloom that nobody can remember what it is.. Fact: In some cultures, the name 'John' is so common that itβs practically a placeholder. So, really, how special could he be?.
- Headline: GETS NEW STEEL RIGHTS; Kaiser Unit Buys U. S. Use of High Purity Oxygen Process. Impact: Kaiser Co's acquisition of steel rights led to the widespread use of high-purity oxygen in steelmaking, which inadvertently resulted in a higher frequency of 'Steel Magnolias' references in pop culture.. Fact: High-purity oxygen is essential in many industrial processes, but itβs also the secret ingredient in some really awful jokes about steel production..
- Headline: INDUSTRY GROUP ELECTS; Samuel D, Leidesdorf Named Head of Trade Association. Impact: Samuel D. Leidesdorf's election as head of the trade association means that the industry will now be led by a person whose name sounds like a character from a low-budget sitcom.. Fact: Trade associations have been around since the 19th century, proving that wherever there's commerce, there's likely to be some boring meetings to discuss it..
- Headline: FIFTH AVE. BUS SALE PUT UNDER CONTRACT. Impact: The Fifth Ave. bus sale contract led to a series of ill-fated public transport decisions, resulting in more people yelling at buses than ever before. Thanks, Weintraub!. Fact: Public transportation has been around since the 1820s. So, if you thought your bus driver was grumpy, theyβve had a long lineage of predecessors..
- Headline: COLE WOULD EASE ATOM DATA CURBS; Relaxation of Information on Use of Arms 'an Urgent' Need for NATO, He Says. Impact: Cole's push for easing atom data curbs ignited debates that somehow spiraled into a world where everyone thinks theyβre an expert on nuclear physics, thanks to late-night documentaries.. Fact: Did you know that the first atomic bomb was developed during World War II as part of the Manhattan Project? Now we can all enjoy the irony of βnuclear familyβ in a whole new light..
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)