Breakthroughs and everyday innovations from the year.
HEADLINES ON August 31, 1958
Full News Archive
- Headline: Ingredients for Timeless Storytelling. Impact: This novelist's analysis sparked a global obsession with storytelling, leading to the rise of Netflix, where now we binge-watch an alarming number of mediocre series while claiming to appreciate the art of narrative.. Fact: E Bowen's insights have led to more plot twists in TV shows than actual plot development..
- Headline: Duke Student's Wedding in Bronxville. Impact: This union of students inadvertently set the stage for a long line of Duke alumni becoming insufferable at parties, proudly discussing their 'Duke experience' while sipping overpriced cocktails.. Fact: Marriage statistics show that those who wed at Duke often develop a fondness for blue devil mascots and overpriced sports merchandise..
- Headline: Navigating Practical Politics as an Academic. Impact: This political neophyte's journey into practical politics caused a ripple effect that led to PhDs thinking they could run for office, resulting in a surge of candidates who can recite theory but fail to understand basic human interaction.. Fact: The last political science professor turned politician ended up asking the public if they wanted to learn about the importance of policy jargon... spoiler: they didnβt..
- Headline: PERON STILL A HERO TO ARGENTINE LABOR; Supporters' Growing Power Poses Problem for Frondizi Regime. Impact: The power of Peronist labor leaders grew so much that it inspired an entire generation to believe that labor unions are the answer to everything, including how to fix a broken toaster.. Fact: PerΓ³n's supporters still insist that he could've successfully negotiated peace between cats and dogs if only he had the chance..
- Headline: MISSING YACHT FOUND; Five Aboard Craft Feared Lost in Storm Are Safe. Impact: The discovery of this missing yacht led to a renewed interest in nautical adventures, resulting in a spike in yacht-themed reality shows and a dramatic increase in sunburns among viewers.. Fact: This incident has taught us that a yacht can go missing, but a good excuse for a weekend getaway can never be lost..
- Headline: Economist, 29, Named Head of LAV Airline. Impact: This young economist's ascent to airline leadership led to an unforeseen trend of economists thinking they could solve all of the airline industry's problems, like overpriced tickets and lost luggage.. Fact: Airline CEOs now hold advanced degrees in economics, yet the only thing they've successfully calculated is how to charge you for extra legroom..
- Headline: Glories of Versailles. Impact: The restoration of Versailles inspired countless Pinterest boards aimed at recreating the 'Versailles aesthetic' in tiny apartments, proving that grandeur can be achieved with enough IKEA hacks.. Fact: The only thing more expensive than restoring Versailles is trying to get your home to look anything like it without going bankrupt..
- Headline: RUMANIA TO BUILD ASSAM REFINERY; New Delhi Agreement Near Signing--Cost of Plant Is Put at $30,000,000. Impact: The construction of the Assam refinery ignited a nationwide debate about energy independence that still reverberates today, all while people continue to complain about gas prices at the pump.. Fact: If you ever wondered why gas prices fluctuate so much, just know it's partly because of this $30-million project and also because someone likes to mess with our wallets..
- Headline: FORWARDERS ASK FOR BILL ON FEES; Foreign Freight Association Presses for Legislation on Service for Carriers. Impact: The push for legislation on freight fees led to a world where every delivery comes with a hidden charge, teaching us that nothing is ever really free β not even your packages.. Fact: The term 'foreign freight' now includes the shipping fees charged for sending your cousin's birthday gift across state lines..
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)