Breakthroughs and everyday innovations from the year.
HEADLINES ON August 29, 1958
Full News Archive
- Headline: Catholic Leaders Seek Labor Inquiry Pause. Impact: The meeting of business and unions led to a series of negotiations that ultimately inspired countless sitcoms about dysfunctional office dynamics, proving that even labor disputes can lead to comedic gold in the future. Who knew labor negotiations could inspire 'The Office' decades later?. Fact: In the spirit of collaboration, this inquiry probably inspired the world's first 'awkward office potluck' where everyone brought a dish no one wanted to eat..
- Headline: Record Orders for 1959 Cadillacs in NYC. Impact: The Cadillac backlog created a dire need for more efficient manufacturing processes, which eventually led to the invention of robotsβwho, ironically, now get paid more than the average human factory worker.. Fact: In 1959, buying a Cadillac was like having an Instagram account today: everyone wanted to show it off, and it was all about the flashy exterior..
- Headline: Missing 'I's' on Postal Cards Discovered. Impact: The missing 'I's on postal cards sparked a revolution in quality control, leading to the eventual rise of spellcheck. Thanks to this crisis, we now live in a world where 'definitely' is rarely misspelled!. Fact: The postal service later introduced a new slogan: 'We may be slow, but at least weβre consistentβjust donβt expect our cards to be perfect!'.
- Headline: Legion to Honor Reporter. Impact: Honoring reporters led to a greater appreciation for journalism, which ultimately resulted in a long line of investigative reporters being chased by angry politicians and celebrities. Thanks, J C Lucas, for making the world a more entertaining place.. Fact: This award probably inspired reporters everywhere to wear fedoras and trench coats, hoping to look as cool as they felt while chasing down a story..
- Headline: C.I.T. Will Spend $14,500,000 To Acquire Insurance Concern. Impact: The massive acquisition of the insurance concern paved the way for the creation of the term 'too big to fail,' which later became a popular excuse for banks to throw lavish parties while the rest of us figured out how to budget our grocery shopping.. Fact: CIT Financial Corp probably thought they were just getting insurance; little did they know they were also acquiring a lifetime supply of paperwork and headaches..
- Headline: About New York; Mad Mogi Will Undertake Most Any Art Job and Accept the Craziest Payment. Impact: Mad Mogi's willingness to accept crazy payments opened the door for future artists to barter with anything from homemade cookies to questionable life advice, proving that art truly knows no boundsβor dignity.. Fact: Mogi's methods were so unconventional that they inspired the phrase 'starving artist,' which we now know is just code for 'Iβd rather be broke than sell out.'.
- Headline: 3,000 Algerians Seized In Paris Police Dragnet; PARIS ROUNDS UP 3,000 ALGERIANS. Impact: The Paris police's dragnet led to increased tensions that transformed the political landscape in France, ultimately inspiring countless action movies where the hero always manages to escape just in timeβbecause apparently, that's how real life works.. Fact: This event probably made Paris the go-to destination for people looking to avoid the 'wrong side of history' at all costs. Who knew a police dragnet could be so popular?.
- Headline: HARRINGTON RESIGNS AS REVENUE CHIEF. Impact: Harrington's resignation made headlines, setting a precedent for political figures everywhere to realize that sometimes, it's just easier to pack up and leave rather than face the musicβespecially if the music is a congressional hearing.. Fact: Harrington's departure was so dramatic that it inspired the phrase 'taking the high road,' which is ironically what most politicians avoid like the plague..
- Headline: Carter, Okla., Confident. Impact: Carter's confidence in school integration laid the groundwork for future civil rights movements, proving that sometimes, a little optimism can go a long way towards making historyβunless you're a school district administrator, then it's just a headache.. Fact: This moment was probably a major turning point for the phrase 'we're all in this together,' which has since been used to sell everything from insurance to motivational posters..
- Headline: U.S. WARNS PEIPING AFTER RED THREAT TO INVADE QUEMOY; State Department Asserts Attack on Islands Could Result in a War AREA IS SHELLED AGAIN Communists in Broadcasts Bid Foes Surrender or Face 'Imminent Landing' U.S. WARNS PEIPING ANEW ON QUEMOY. Impact: The U.S. warning to Peiping over Quemoy escalated tensions in the region, leading to a decades-long game of geopolitical chess where no one really knew the rules, but everyone pretended to be experts.. Fact: The term 'war of nerves' really just means 'let's see who can hold their breath the longest without actually fighting,' which is basically how international relations has worked since the dawn of time..
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)