Breakthroughs and everyday innovations from the year.
HEADLINES ON May 7, 1958
Full News Archive
- Headline: Peiping's Ultimatum on UN Troops in Korea. Impact: If Peiping had just let the UN hang out in Korea, perhaps we'd have seen a reality show about international diplomacy instead of a Cold War. Imagine the drama! 'Keeping Up with the Kim Jong-uns' would have been a hit.. Fact: Did you know that this demand was basically a way for China to say, 'We want our neighborhood back, thank you very much!'? Itβs like asking the noisy neighbor to stop throwing partiesβgood luck with that!.
- Headline: Federal Agency Quickly Allocates Housing Funds. Impact: The rapid spending on housing led to a property boom that created the illusion of prosperity. Little did they know, it would set the stage for future financial crisesβthanks a lot, 2008!. Fact: Fun fact: $100 million in just four weeks is what most people would call 'a Tuesday' in the world of modern economicsβespecially now when we think of our coffee budgets..
- Headline: Campanella Begins Groundbreaking Tests. Impact: The tests could lead to a groundbreaking discovery or a new way to procrastinate. Who knows? Maybe they discovered the secret to avoiding work for the next decade.. Fact: Did you know that starting tests often means someone forgot to do their homework? Just kidding; letβs hope theyβre not testing how to make more bureaucracy!.
- Headline: GAIN FOR U. S. SEEN IN ATOM-TEST END; Adviser to President Urges Accord With Soviet Union -- Strauss Disputes Him. Impact: This discussion on nuclear testing could have led to a peaceful resolution, but instead, we got decades of arms races. Thanks for that, guys! The world loves a good game of 'who has the bigger bomb.'. Fact: Did you know that the only seismic activity happening was after these discussions? Just picture politicians shaking the ground with their heated debates!.
- Headline: PILOT HELPS U. N. PUT NAME IN SKY; Airline Flier's Emblem Idea, Supported by His $5,500, Follows Chat With Crew. Impact: If this pilot hadn't taken the initiative, we might never have seen the UN's emblem flying highβwho knows? Maybe it would have become an obscure trivia question instead.. Fact: Did you know that $5,500 in 1950s money could buy you a small car? Instead, it was spent on an emblem. Priorities, right?.
- Headline: KENNEDY IS EXCUSED IN TICKET QUOTA SUIT. Impact: This legal wrangling could have led to a new era of accountability in police practices, but instead, it just showed us that bureaucracy loves to shuffle paperwork like it's a dance.. Fact: Did you know that getting excused from court can be just as hard as getting out of a family dinner? Both require a lot of dodging and weaving!.
- Headline: BUY CAMPAIGN OPENS; Advertising Council in Drive to Counter Recession. Impact: This campaign to counter recession might have saved the economy, but instead, it just ended up in history books as 'that one time we tried really hard.'. Fact: Did you know that advertising against recession is like trying to sell ice to Eskimos? Itβs a hard sell when everyoneβs already feeling the pinch!.
- Headline: I. G. Y. DATA SHOW HIGH ATMOSPHERE; British Scientist Suggests Blanket Extends 40,000 to 200,000 Miles Out. Impact: If this data had been taken seriously, we might have explored the cosmos a bit sooner. Instead, we were too busy arguing about whether the Earth was flat.. Fact: Did you know that the 'high atmosphere' is basically where all our dreams of space travel reside? Too bad we were still stuck on Earth arguing about who gets to play in the sandbox..
- Headline: Zoo-Bound Panda in Red China Is Barred by U. S. as Trade Risk; Zoo-Bound Panda in Red China Is Barred by U.S. as Trade Risk. Impact: By blocking the panda trade, the U.S. may have inadvertently caused a global panda shortage, leading to a rise in black market stuffed animals. Who knew cuddly could be so controversial?. Fact: Did you know that pandas are basically nature's way of saying, 'Look how cute I am, now please help me not go extinct!'? Talk about mixed messages!.
- Headline: SOVIET TO CONTINUE MUSIC COMPETITION. Impact: Continuing the music competition could have fostered international goodwill through the universal language of music. But alas, instead we got Cold War symphonies. You know, the kind that make you want to jump out a window.. Fact: Did you know that music competitions are just fancy ways for countries to brag about their best and brightest? It's like the Olympics, but with less running and more drama!.
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)