Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year β Top 10 Pop & Country chart toppers
HEADLINES ON June 8, 1956
Full News Archive
- Headline: New York Seeks Increased Slum Funds. Impact: If only NYC had gotten those slum funds, we might have been living in a utopia today, or at least a place where we wouldn't have to dodge potholes and questionable smells. Alas, the universe decided we needed more reality TV instead.. Fact: Did you know that slum funding is basically the government's way of saying, 'Hey, we care... kind of'? Itβs like giving a Band-Aid to a gaping wound..
- Headline: Harry Pulliam Cain's Career Shift. Impact: Harry Pulliam Cain's change of heart set off a chain reaction of indecisive leaders across the globe. Today, we blame him for every politician who can't make up their mind about lunch, let alone policies.. Fact: Fun fact: Changing your mind is a sign of intelligence! Or so they say. In politics, it often just means youβve had too much coffee..
- Headline: Wehle's Charges Declared Unfounded. Impact: The unproven charges against conservation aides led to a dramatic increase in conspiracy theories regarding government cover-ups. Now every time someone sneezes in a forest, people think it's a secret plot.. Fact: Incompetent employees are the real-life version of 'The Walking Dead'βthey just keep coming back, no matter how many times you think youβve gotten rid of them..
- Headline: STEEL 'BIG 3' SEEK TIME ON PAY PLAN; Say They Can't Reply Before Wednesday--Private Talks Go On Night and Day. Impact: The delay in pay plans for the steel 'Big 3' caused a ripple effect that led to the world's longest game of corporate chicken, resulting in steel prices that would baffle even a seasoned economic historian.. Fact: Private talks going on 'night and day' is corporate code for 'we have no idea what we're doing but weβll keep talking until someone comes up with a solution'..
- Headline: Rubber Use Exceeds Output. Impact: The rubber shortage led to a surprising boom in roller skate sales, resulting in a generation of kids who could glide but could not stop. Talk about a slippery slope!. Fact: Fun fact: The last time rubber use exceeded output, people started using it for things like novelty erasers. No one wanted to erase their mistakes; they just wanted to bounce back!.
- Headline: MICHIGAN PAPER HAILED; Pontiac Press Wins N.E.A. Award for Excellence. Impact: The Pontiac Press winning an award may have sparked an influx of journalists seeking glory and fame, leading us to the modern-day influencer who thinks theyβre a journalist just because they have a smartphone.. Fact: Winning awards in journalism is like getting a participation trophy in sports. Everyone gets one, but only a select few actually do anything worthy of it..
- Headline: N.L.R.B. AIDE ASKS END OF L.I. LOCAL; Asserts De Koning Union Is Cantrolled by Employers-- Workers' Unit Urged. Impact: The call for the end of a local union sparked a wave of workplace dissatisfaction that continues to echo through labor movements today. Every time you hear about a strike, just know it likely traces back to this moment.. Fact: Unions have a funny way of keeping employers on their toesβkind of like a dog that won't stop barking until you give it a treat. Or in this case, fair wages..
- Headline: '55 A RECORD YEAR FOR WORLD TRADE; 45% of All Exports Shipped by West Europe--Members of GATT Gain Steadily. Impact: The record year for world trade in '55 led to the creation of the phrase 'global economy', which is now just code for 'I hope my job doesnβt get outsourced tomorrow.'. Fact: GATT sounds like a sneeze, but it actually laid the groundwork for trade agreements that would make your head spin faster than a global shipping route..
- Headline: COUNTY G.O.P. PICKS ITS TICKET IN OPEN; Eisenhower and Nixon Win Unanimously--President Hails Public Caucus. Impact: The public caucus that led to the Eisenhower-Nixon ticket was the first of its kind, setting a precedent for future political spectacles that would evolve into what we now call 'political theater.'. Fact: Public caucuses are like family reunions where everyone pretends to like each other while secretly plotting their next moveβjust with more suits and less potato salad..
- Headline: DAMAGE SUIT SETTLED; Paralyzed Father of Four Accepts $139,000. Impact: The $139,000 settlement for the paralyzed father sparked a movement towards more stringent safety regulations, ensuring that future truck crashes might not lead to financial ruin. Or at least, that's the hope.. Fact: Settling for a large sum of money is like playing Monopoly and landing on Boardwalkβoften, itβs just a temporary fix for a much bigger problem..
Wall Street Time Machine
PFE
Pfizer
Pfizer - If you invested $1,000 in 1956, it would be worth $168,691 today (168.7x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1956, it would be worth $3,433,939 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1956, it would be worth $586,657 today (586.7x return)