Breakthroughs and everyday innovations from the year.
HEADLINES ON February 4, 1957
Full News Archive
- Headline: Lay-Offs at Whirlpool-Seeger Plant. Impact: When Whirlpool laid off 280 workers, they inadvertently created a nationwide shortage of laundry detergent. People panicked and started washing clothes in rivers, leading to a sudden spike in river pollution and an unexpected rise in fish fashion trends.. Fact: Ironically, the four-day work week is still the dream of many, while companies continue to perfect the art of 'laying off' in a world where job security is just a concept..
- Headline: Resistance to School Integration in 1957. Impact: The passing of these laws set off a chain reaction that would eventually lead to the creation of the phrase 'separate but equal,' which made people feel better while being decidedly not better at all.. Fact: It's fascinating how fear of integration led to a whole new era of 'creative' law-making. Who knew dodging progress could be a full-time job?.
- Headline: TURKISH VESSEL SINKS; Two Dead as Passenger Ship Hits U.S. Freighter at Izmir. Impact: The sinking of the Izmir passenger ship caused a sudden increase in demand for life jackets, leading to a fashion trend that still haunts us in beachwear today.. Fact: Sinking boats might not seem like a big deal in the grand scheme of things, but they really put a damper on cruise line enthusiasm for decades!.
- Headline: Bastianini Sings in 'Boheme'. Impact: Bastianini's performance in 'Boheme' inspired a generation of musicians to take a more dramatic approach to singingβeventually leading to the invention of opera karaoke nights.. Fact: If only Bastianini had known his work would lead to people belting out opera in dive bars, he might have stuck to pop tunes!.
- Headline: VICTOR EISENSTEIN, PSYCHIATRIST HERE. Impact: Victor Eisensteinβs presence in the psychiatric field led to an unexpected boom in therapy dogs, as people realized theyβd rather talk to pets than other humans.. Fact: Being a psychiatrist sounds prestigious until you realize half your job is just nodding and saying, 'Hmm, interesting.'.
- Headline: DELIVERY PARLEY SLATED FOR TODAY; Hope for Immediate Accord Called Dim--Papers Note Gains in Distribution Some Deliveries Made Rush on for Papers. Impact: The delivery parleyβs difficulties ultimately led to the rise of online news consumption, as people learned they could skip the Sunday paper struggle and just scroll through their feed instead.. Fact: Ah yes, the good old days when obtaining news required actual effort. Now, we just wait for our smartphones to tell us what's up..
- Headline: Czech Movies Decentralized. Impact: The decentralization of Czech movies paved the way for independent filmmakers everywhere, resulting in a wave of films that no one asked for but everyone pretended to 'appreciate' at festivals.. Fact: Decentralizing an industry sounds great until you realize it means a lot of mediocre films trying to be avant-garde..
- Headline: PIER PACT REJECTION IS URGED BY BRADLEY. Impact: Bradleyβs rejection of the pier pact led to a diplomatic standoff that would make future negotiations about parking spaces look like a walk in the park.. Fact: Itβs amazing how a simple rejection can set off a series of events that make you wish for the days when all we had to argue about was whose turn it was to take out the trash..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1957, it would be worth $3,433,941 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1957, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1957, it would be worth $23,651,363 today (23651.4x return)