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 July 9, 1958
Full News Archive
- Headline: Macmillan Optimistic About Summit Talks. Impact: Macmillan's optimism sparked a chain reaction that led to a series of increasingly awkward diplomatic meetings, culminating in a bizarre summit where leaders exchanged knitted sweaters instead of treaties. That's a warm way to avoid conflict!. Fact: In the world of politics, a hopeful statement is often worth its weight in hot air. Just ask any politician who's ever promised to fix a pothole..
- Headline: Britain's Nervous Moment Over Sea Objects. Impact: The fall of three mysterious objects sparked wild conspiracy theories about UFOs, leading a generation of Britons to believe they were being watched by aliens. Spoiler: it was just a fishermanβs bad day.. Fact: The North Sea is not just known for oil drilling; itβs also a great place for dropping things from planes that no one wants to claim..
- Headline: Major Transit Funding Request in 1958. Impact: This funding request indirectly led to the invention of the subway sandwich, as hungry transit workers sought a way to fund their lunch breaks. Who knew sandwiches could fuel an entire city?. Fact: In 1959, asking for money for public transit was the equivalent of asking for a raise in a high school job. Spoiler: you usually donβt get it..
- Headline: GOLDFINE TAXES OWED; East Boston Corporation Is $l40,000 in Debt. Impact: East Boston Corp's tax troubles triggered a financial crisis that inspired the phrase, 'debt is just a number,' which is now frequently used by broke college students.. Fact: In Boston, owing money can lead to some very creative excuses. 'My dog ate my tax return' is a classic..
- Headline: WAR CLAIMS PLAN SET; Administration Sends a Draft of Proposal to Congress. Impact: This draft proposal initiated a bureaucratic chain reaction, resulting in an entire industry dedicated to interpreting vague legal language. Today, lawyers are still at it, but with fancier coffee.. Fact: War claims proposals are like bad relationships: they require way too much paperwork and often lead to endless arguments..
- Headline: Pepper Opens Senate Drive. Impact: Pepperβs Senate drive led to the popularization of political campaigns being viewed as races for the 'most interesting person at the party,' where the winner gets a shiny trophy called a seat.. Fact: In politics, 'open' can mean anything from actual transparency to just leaving the door ajar. Guess which one gets more votes?.
- Headline: UNION AID KEPT UP AFTER JOB LAY-OFF; Warehouse Workers and Employers Agree to Let Benefits Run 6 Months. Impact: This agreement created a ripple effect of solidarity that eventually led to the creation of 'lazy unions' where members would meet monthly just to complain about their jobs, with pizza as the only form of compensation.. Fact: Job lay-offs can be a great way to start a new career as a professional complainer. Itβs a niche market, but someoneβs got to do it!.
- Headline: KHRUSHCHEV SAYS ADENAUER IS WEAK; Russian, in East Germany, Says Chancellor of Bonn Only Imagines Strength KHRUSHCHEV SAYS ADENAUERS IS WEAK. Impact: Khrushchev's comments inadvertently inspired a generation of political roast battles, where leaders began to insult each other with greater flair. The art of the diplomatic burn was born!. Fact: In international relations, calling someone weak is like throwing a party invitationβeveryone will show up, but not everyone will be happy about it..
- Headline: PRESIDENT BEGINS TALKS IN OTTAWA; Confers With Diefenbaker on Trade Issues -- Joint Defense Unit Suggested President Begins Ottawa Talks; Joint Defense Unit Is Suggested. Impact: Eisenhowerβs talks in Ottawa led to the establishment of the βTwo Countries, One TV Showβ policy, where leaders needed to ensure their nations looked good on-screen, even if that meant ignoring reality.. Fact: When it comes to trade talks, the real negotiation often happens over coffee and donuts. Who knew diplomacy could be so delicious?.
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)