Breakthroughs and everyday innovations from the year.
HEADLINES ON January 18, 1955
Full News Archive
- Headline: Guard Leaves Phenix City Amid Crime Concerns. Impact: This mass exodus of guardsmen allowed the crime syndicate to thrive, leading to a future where crime shows and true crime podcasts became wildly popular. If the guards had stayed, maybe weβd be watching βGuardians of Phenix Cityβ instead of βBreaking Badβ.. Fact: Phenix City became infamous for its crime, but did you know that it was once dubbed 'the wickedest city in America'? Talk about an unfortunate branding!.
- Headline: Mystery Surrounds Engineer's Death. Impact: The untimely death of Bolte set off a chain reaction in aviation safety regulations, ultimately resulting in the invention of the black box. So, thanks for that, Frank! We all owe our lives to your tragic end.. Fact: Aviation engineers are crucial for safety! Itβs almost ironic that this incident might have saved more lives than it cost..
- Headline: Text of President Eisenhower's Budget Message to Congress Covering Fiscal Year 1956; Adjustment From War to Peace Made Without Serious Economic Upset, President Says Message Indicates Increased Expenditures for Military Construction in Next Fiscal Year Rise in Outlay for Veterans Noted With Compensation and Pensions Leading the Way Policy Designed to Encourage States and Local Groups in Developing Natural Resources President Expects Increase in Net Expenditures for General Government Activities. Impact: Eisenhower's budget message laid the groundwork for decades of government spending, eventually leading to the creation of the endless cycle of political budget debates and the modern-day concept of βthatβll do, pigβ when it comes to fiscal responsibility.. Fact: Eisenhower warned about the military-industrial complex, but who knew it would lead to three-hour budget meetings that could put a coffee addict to sleep?.
- Headline: France Combating Taxpayers' Revolt; FRANCE COMBATS TAXPAYER REVOLT. Impact: This revolt led to an increased distrust of government, making way for the rise of the modern protestor. Who knew that shopkeepers could be the catalyst for future Twitter hashtags?. Fact: Poujade's revolt was so impactful that it made tax evasion seem like a national sport in Franceβwho needs Olympics when you have tax returns?.
- Headline: Argentina Sets Up Base Camp in Antarctic Near Point Where Britons Plan Expedition. Impact: This Antarctic base camp incident escalated the territorial disputes, which eventually led to a reality TV show where nations compete over icy regions. Spoiler alert: itβs just a lot of shivering and passive-aggressive snowball fights.. Fact: The British and Argentinians have a long-standing rivalry over the Falkland Islands, but who knew the true battle would be over who gets the best ice fishing spots?.
- Headline: AUTO STRIKERS RETURN; Secrecy Covers End of Walkout at Lincoln-Mercury Plant. Impact: The end of the strike meant the production line could crank out cars again, leading to a future with an excess of vehicles. Now we have enough cars that we could probably start a car-themed reality show called βKeeping Up with the Cadillacsβ.. Fact: Strikes are a great way to get people talking, but did you know that the real secret of ending them is just about getting fed, literally and figuratively?.
- Headline: Myron Taylors Give $1,000,000 To Establish an Episcopal Center; $1,000,000 TO START EPISCOPAL CENTER. Impact: This generous donation helped establish the Episcopal Center, which inadvertently led to a rise in hipster coffee shops that serve fair-trade lattes in religious settings. Bless the beans!. Fact: A million dollars to start a church? Thatβs either a really generous donation or someoneβs trying to buy their way into heaven!.
- Headline: Look at It This Way And You See a Surplus. Impact: The surplus declared in the cash budget led to future administrations thinking they could just 'look at it this way' to solve budget issues. The result? A national pastime of creative accounting.. Fact: Surplus budgets are like unicornsβeveryone talks about them, but theyβre mostly mythical creatures that disappear when you actually try to find one..
- Headline: YALE GETS IVES' MSS.; Widow of Composer Presents Collection to University. Impact: This gift to Yale from Ives' widow led to an increased focus on American music studies, which eventually resulted in a hipster revival of classical music, featuring coffee shop concerts and ironic berets.. Fact: Charles Ives was such a pioneer that he practically invented the concept of 'experimental music'βitβs like he was the original hipster, before it was cool!.
Wall Street Time Machine
IBM
IBM
IBM - If you invested $1,000 in 1955, it would be worth $205,272 today (205.3x return)
PFE
Pfizer
Pfizer - If you invested $1,000 in 1955, it would be worth $168,691 today (168.7x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1955, it would be worth $3,433,941 today (3433.9x return)