Breakthroughs and everyday innovations from the year.
HEADLINES ON September 16, 1955
Full News Archive
- Headline: Grunewald Tax Charge Impact. Impact: Grunewald's tax evasion sparked a series of events leading to the invention of the tax loophole, which eventually led to a well-known reality TV show about wealthy individuals avoiding taxes while sipping margaritas on their private yachts.. Fact: Did you know that the IRS actually has a sense of humor? They only show it when they audit comedians..
- Headline: Congressional Haircuts at 50 Cents. Impact: The price of haircuts in Congress being 50c led to a nationwide craze where politicians started cutting each other's hair to save money, resulting in the first-ever bipartisan 'Barber Bill'.. Fact: Did you know that Congress members spend more on haircuts than on their constituents? Not that anyone's counting..
- Headline: Peron Army Stands Against Threat in 1955. Impact: Peron's army rallying against a new plot inadvertently inspired a whole genre of spy movies, where the secret agent's biggest challenge is deciphering whether the plot is actual treachery or just a misunderstanding over coffee.. Fact: Did you know that 'trust no one' was actually the motto of the coffee shop in Buenos Aires where the plot was rumored to have originated?.
- Headline: GUILT-BY-KINSHIP' CITED AT INQUIRY; Foreign Service Is Reported by Wriston to Have Rejected Several on That Basis. Impact: The rejection of applicants based on 'guilt-by-kinship' created an underground society of spies, all related to previous felons, who ironically ended up being the most trustworthy due to their familial bonds.. Fact: Did you know that nepotism is just a fancy way of saying, 'I trust my cousin more than you'?.
- Headline: Fairfield Veniremen Get TV. Impact: The installation of a TV for veniremen revolutionized the legal system, leading to a future where juries were swayed by dramatic courtroom reality shows instead of actual evidence.. Fact: Did you know that this was the beginning of the 'Jury Duty: Real Life' series? It didn't last long, but it was a hit with the insomniac demographic..
- Headline: COLD WAR' IS HELD BRAKE ON THE U. N.; But Events Now Give Hope of Relaxation of Tensions, Hammarskjold Asserts. Impact: Hammarskjold's assertion about the Cold War actually being a brake on the UN led to the creation of an elaborate peace plan that involved synchronized swimming; because nothing says 'diplomacy' like a perfect water ballet.. Fact: Did you know that the Cold War was the longest-running soap opera in history? The plot twists just keep coming!.
- Headline: Smog Retreats in Los Angeles. Impact: The smog retreating in Los Angeles sparked a brief resurgence in outdoor activities, leading to a trend where Angelenos took up jogging—which they promptly abandoned once the smog returned.. Fact: Did you know that the first smog-free LA day actually had people looking up at the sky in confusion, wondering if the aliens had finally arrived?.
- Headline: Cooley Issues Warning. Impact: Cooley's warning meeting led to the establishment of the 'Cooley Alert System', which was just a fancy way for people to complain about trivial issues while pretending to be serious.. Fact: Did you know that most warnings in meetings are just a form of group therapy? Everyone just wants to be heard without actually solving any problems..
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)