Breakthroughs and everyday innovations from the year.
HEADLINES ON July 22, 1954
Full News Archive
- Headline: Gulf Oil Reduces Refinery Operations. Impact: The Gulf cutting oil runs led to a global frenzy of people asking, 'What will we do without our cheap gas?' Little did they know, it would only take a few decades for that cheap gas to turn into a luxury.. Fact: Did you know that the only thing that cuts deeper than oil runs is the price of gas at the pump? Ouch..
- Headline: Roll-Call Vote in Senate Killing A. E. C. Power Ban. Impact: The roll-call vote to kill the A.E.C. power ban was the first of many instances where 'killing' bills became a national pastime. It set the stage for future politicians to relish in their ability to 'kill' initiatives without any actual consequences.. Fact: Roll-call votes: the only time politicians get to roll out their best excuses in front of a live audience..
- Headline: Books of The Times. Impact: The publication of the Macmillan Wild Flower Book led to an explosion of gardening enthusiasm. Fast forward to today, and everyone thinks theyβre a plant whisperer, despite having killed every houseplant they've ever owned.. Fact: You know what they say: if you want to feel better about your life choices, just look at someoneβs wilted houseplants..
- Headline: Senate Upholds Eisenhower On Private Power to A.E.C.; Motion to Upset President's Order Loses, 55-36 -- Knowland, Seeking Final Vote, Keeps Chamber in All-Night Session EISENHOWER WINS ATOM POWER VOTE. Impact: Eisenhower's victory in the A.E.C. power vote fueled countless late-night debates over the years where politicians stayed up all night arguing about everything from atomic power to who ate the last donut.. Fact: Did you know that all-night sessions are just politicians' way of pretending they're working hard? Spoiler alert: theyβre probably just snacking..
- Headline: PUERTO RICO HEAD ASKS STRIKE PEACE; Munoz Marin Warns of Crisis -- Spurs Bill for Regime to Take Over Docks. Impact: Munoz Marin's plea for strike peace inadvertently led to the modern-day trend of politicians using crisis as a marketing tool. Now, every small inconvenience is a potential crisis waiting for a press release.. Fact: Crisis management: the ultimate career move for anyone looking to spin a bad day into a lucrative speaking tour..
- Headline: SKINNER WINGS COACH; Succeeds Ivan as Pilot of Detroit's Hockey Champions. Impact: Skinner's appointment as coach of the Detroit Hockey Champions triggered a chain reaction of questionable coaching decisions across major sports. Now, every armchair athlete thinks they can coach a pro team from their couch.. Fact: Did you know that 'wings coach' is just a fancy title for someone who yells at players for not scoring enough?.
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)