Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON May 3, 1958
Full News Archive
- Headline: Economic Comparisons of the 1950s. Impact: The economic comparisons between '53 and '57 led to an unexpected rise in armchair economists who now think they can predict the future with just a vintage calculator and a cup of coffee. Spoiler: they can't.. Fact: Fun fact: People thought looking back at the economy could actually change the future. Turns out they just ended up with a lot of old newspapers and no new ideas..
- Headline: Death of Alfred Weber, Notable Sociologist. Impact: Weber's theories on Hitlerism sparked debates that shaped political ideologies for decades, inadvertently inspiring some to take up armchair sociology instead of actual activism.. Fact: Weber lived long enough to see the cold war unfold, but alas, his ideas didn't make him immortal. The irony is delicious..
- Headline: Nuclear Warhead Missile Tests at Johnston Island. Impact: This testing led to a series of international treaties filled with acronyms that only diplomats can understand, all while the rest of us just wanted to know when we could get a decent cup of coffee without worrying about missiles.. Fact: If only the scientists had known that testing missiles would lead to more meetings than actual resolutions. Welcome to the world of bureaucracy!.
- Headline: UTILITY STARTS LAY-OFF; Southern Bell Is Cutting 500 Workers in Nine States. Impact: The layoffs created a wave of job hunters who began to master the art of 'How to Make Your Resume Look Busy While You're Actually Just Binge-Watching TV'.. Fact: Southern Bell must have thought they were casting for a drama series with this lay-off plot twist. Spoiler: nobody wanted to audition..
- Headline: CITY HOUSING UNIT NAMES EXECUTIVE; Carey to Serve as General Manager -- Chairman Reid Acts to Restore Morale. Impact: Careyβs executive appointment accidentally inspired a new trend in city planning that involved more meetings than actual housing solutions. Because who doesn't love a good conference?. Fact: Nothing says 'restoring morale' like appointing someone to manage housing while the rest of us are left to figure out where to put our IKEA furniture..
- Headline: A NEUTRAL AFRICA VIEWED AS ASSET; Arden House Panels See Gain for U. S. in Non-Alignment for the New Nations. Impact: The U.S. realized that neutrality in Africa could be quite profitable, leading to decades of 'diplomatic' relationships that looked more like awkward family reunions.. Fact: Ah yes, nothing like a good old-fashioned neutrality discussion to make you question your own alliances. It's like Thanksgiving dinner, but with more international tension..
- Headline: 3 NEW TECHNIQUES TO TAME H-BOMB DISCLOSED BY A.E.C.; U.S. Scientists Add Methods for Controlling Power of Thermonuclear Reaction USE OF WEAPON URGED Columbia Physicist Suggests Blasting of Small Devices in Sealed Canyons 3 NEW TECHNIQUES DISCLOSED BY A.E.C.. Impact: The discovery of new techniques for H-bombs led to an arms race where scientists became the new rock stars of the Cold War, complete with fan clubs and merchandise.. Fact: Imagine a world where physicists were treated like celebrities. 'Can I get your autograph, Dr. Oppenheimer?' Oh, the irony of fame..
- Headline: Declines Recorded In Insured Jobless And New Claimants; INSURED JOBLESS SHOW A DECLINE. Impact: The drop in jobless claims led to a false sense of security, encouraging people to start thinking they could actually retire early. Spoiler alert: they couldn't.. Fact: Declining jobless claims are a bit like that time you thought you could eat just one chip. Spoiler: you can't, and soon you're in a job hunt as desperate as your snack choices..
- Headline: Dulles Says World Is Kept On Brink by Russian Veto. Impact: Dulles' comment about the Russian veto turned into a decades-long game of diplomatic chess, where no one bothered to check if the pieces were even on the board.. Fact: Dulles must have thought he was in a spy movie, where every veto felt like a dramatic cliffhanger. Spoiler: it was just politics..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1958, it would be worth $3,433,942 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1958, it would be worth $586,656 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1958, it would be worth $23,651,359 today (23651.4x return)