Breakthroughs and everyday innovations from the year.
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The biggest hits of the year β Top 10 Pop & Country chart toppers
HEADLINES ON December 21, 1956
Full News Archive
- Headline: Historic Pact Benefits Distribution Workers. Impact: The distribution workers' pension plan led to an unexpected boom in the film industry, as workers suddenly had enough money to invest in their own indie films. This resulted in the accidental birth of the 'quirky, coming-of-age, road trip' genre that plagues us today.. Fact: Pension plans: because who doesn't want to retire and watch bad movies for the rest of their lives?.
- Headline: Canadians Arrested for Securities Theft. Impact: This theft scandal inadvertently inspired a new breed of financial thrillers, including a future blockbuster starring a cat burglar who only steals securities while wearing a tuxedo. The feline became an instant icon.. Fact: If only they had taken up knitting instead, they could have made a fortune selling scarves instead of stealing securities..
- Headline: Publishing Unions Reach Key Agreements. Impact: The publishers' negotiations set a precedent for future union talks, eventually leading to the legendary 'Publishers vs. Writers' brawl that would inspire countless reality TV shows. Who knew ink-stained wretches could throw down?. Fact: Publishers reporting 'progress' is as rare as a unicorn sighting..
- Headline: NEW RECORDING PROCESS; R.C.A. Victor Demonstrates Triple-Track Tape System. Impact: R.C.A. Victor's new recording process revolutionized the music industry and allowed for the recording of countless embarrassing family moments, forever preserving your uncle's awful karaoke rendition of 'Sweet Caroline.'. Fact: Triple-track tape system: because one track just wasn't enough to capture your neighbor's off-key singing..
- Headline: PEAK AWARD LET FOR CITY SCHOOL; Outlay Is Defended as Board Signs $8,765,000 Contract for Fashion Institute Explanation by Architects Cost Defended by Officials. Impact: The debate over the school contract raised public awareness about education funding, leading to a future where people actually thought twice before spending big on a fashion instituteβjust in time for a global pandemic that made all fashion irrelevant.. Fact: In the end, they spent $8 million on a building that would host a fashion institute. Because nothing says 'practical education' like overpriced runway shows..
- Headline: Agency Is Proposed To Develop Mideast; AGENCY PROPOSED TO HELP MIDEAST. Impact: Sen. Humphrey's proposal created a bizarre alternate timeline where American troops became peacekeepers for a unified Germany, leading to an unexpected revival of lederhosen fashion in the U.S.βthank you, world peace!. Fact: Who knew that withdrawing troops could lead to such a stylish diplomatic solution?.
- Headline: CONTEST IN IOWA VOTE; Dolliver Will Seek to Void Coad's Election to House Seat. Impact: Dolliver's contest of the election set off a chain reaction of electoral disputes that culminated in the creation of the world's first 'Reality Politics' television show, where candidates compete for office by baking cakes and doing karaoke.. Fact: Because nothing screams political integrity like a bake-off..
- Headline: STATE 'RISK' LAW BARS 13 OF 141,686; Security Hearing Is Urged to Eliminate or Amend Act as Unnecessary Law Called Unnecessary. Impact: The unnecessary 'risk' law became the stuff of legend, inspiring a new wave of employment regulations that prioritized unnecessary paperwork over actual hiring, thus ensuring that the phrase 'overqualified and underappreciated' would resonate through the ages.. Fact: Only 13 people were disqualified? Sounds like someone needs to work on their risk assessment skills..
- Headline: AUTO-BUYING TERMS EASED BY BRITAIN. Impact: Britain's easing of auto-buying terms led to an unprecedented car-buying frenzy, which inadvertently resulted in the invention of the car karaoke machine. Now your terrible taste in music has a much larger audience!. Fact: A 50% down payment? Talk about a commitment issue! Good luck getting your friends to chip in for that..
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)