AUGUST 18, 1955

Full News Archive

• Headline: Kayser Acquires Holeproof Hosiery. Impact: The sale of Holeproof to Julius Kayser set off a chain reaction in women's fashion, leading to the unexpected rise of 'Lingerie Wars' in the 1960s, where brands competed not just for sales but for the title of 'Most Creative Marketing Campaign.' Spoiler: it involved a lot of lace and some very confused men.. Fact: Fun fact: The term 'lingerie' was so scandalous in the early 1900s that it almost came with a warning label. Imagine that on your next shopping trip!.
• Headline: C & C Super Acquires Power Products, Inc.. Impact: C & C Super's stock deal with Power Products, Inc. inadvertently inspired an entire generation of business students to think that buying things with stock was just like trading Pokémon cards. Spoiler alert: it isn't.. Fact: Did you know that spray guns were originally invented for painting? Now they’re used for everything from art to, ironically, applying sunscreen while driving. Multitasking at its finest!.
• Headline: Burke Takes Over Navy Command; BURKE INDUCTED AS CHIEF OF NAVY. Impact: Burke's induction as Chief of Navy marked the beginning of a time when naval officers began measuring their success by how many times they could say 'Aye Aye' without cracking a smile. The Navy's morale skyrocketed, leading to an unprecedented shortage of serious faces.. Fact: Fun fact: The phrase 'Aye Aye' is actually a code for 'I have no idea what I'm doing, but let’s pretend I do!'.
• Headline: 2 Top Australian Concerns -- G. M. Unit And Broken Hill -- Report Tiptop Year. Impact: The record profits reported by G. M. Unit and Broken Hill led to an influx of other companies declaring 'record profits' just to keep up. This ultimately resulted in a decade where every financial report sounded like a humble brag.. Fact: Did you know that profit reports used to be read like bedtime stories? Now they're more like horror stories, with some investors losing sleep over them!.
• Headline: SIDELIGHTS OF THE DAY IN FINANCIAL AND BUSINESS FIELDS. Impact: W A Patterson's jet transport orders with Boeing and Douglas inadvertently led to the creation of 'Jet-set' culture, where people started flying just to have stories about being in the air, regardless of destination. Thanks for the travel nightmares, Patterson!. Fact: Fun fact: In the 1950s, people thought flying was glamorous. Now, we just hope our seatmates don’t have a cold. How times change!.
• Headline: TRUMAN 'TO TEAR' INTO REPUBLICANS; Opens 'Give-'em-Hell' Drive Aug. 27 to Return Party to White House in '56 TRUMAN 'TO TEAR' INTO REPUBLICANS. Impact: Truman's fiery campaign strategy ignited a trend in political rhetoric where candidates believed that shouting louder than their opponents would magically sway the public. The volume has only increased since then.. Fact: Did you know that Truman was often criticized for his bluntness? Nowadays, that’s called 'authenticity'—and it sells votes like hotcakes!.
• Headline: COPPER ADVANCED 4C TO 40C A POUND; Anaconda Leads in Setting Top Price Since 1872 -- Products Start to Rise COPPER ADVANCED 4C TO 40C A POUND. Impact: Anaconda's price increase for copper created a ripple effect that led to a national obsession with DIY projects. Everyone suddenly thought they were a craftsman, resulting in a generation of half-finished home improvement projects.. Fact: Did you know that when copper prices rise, so does the number of DIY fails posted online? It’s a sad fact of modern life!.
• Headline: T. V. A. SAYS IT SPENT $84,411,261 IN A YEAR. Impact: The TVA's significant spending caught the attention of other government entities, resulting in a competition to see who could spend the most without causing a scandal. Spoiler: they all won.. Fact: Did you know that the TVA’s spending report could double as an excellent sleep aid? Who knew fiscal responsibility could be so boring?.
• Headline: Police Surgeon to Retire. Impact: The retirement of the police surgeon marked the end of an era where doctors were expected to multitask between surgery and police work. This resulted in a shortage of doctors willing to work with crime scenes—because, you know, blood is blood.. Fact: Fun fact: In NYC, the retirement of a police surgeon is celebrated with a party, complete with cake shaped like a stethoscope. Because why not make it a little weird?.