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 December 7, 1958
Full News Archive
- Headline: Social Workers Address Global Youth Challenges. Impact: The discussions on youth delinquency led to a global shift in how societies viewed teenagers. By the year 2023, we now have TikTok influencers instead of delinquent youth. Thanks, Tokyo!. Fact: Youth delinquency was once considered a phase. Now itβs a career path for many aspiring social media stars..
- Headline: Malayan Fears of Red Subversion. Impact: This fear of 'Red subversion' caused a cascade of paranoid legislation that eventually led to the invention of the tinfoil hat. You're welcome, conspiracy theorists.. Fact: Jungle warfare is tricky, but you know what's trickier? Identifying who actually wants to subvert your plans while you're busy looking for your lost socks..
- Headline: Exploring the Secrets of Qumran. Impact: The discovery of the Dead Sea Scrolls eventually sparked a rise in biblical scholarship, inspiring countless conspiracy theories about hidden messages and secret societies. Thanks a lot, ancient scribes!. Fact: If you think your handwriting is bad, just wait until you see the scrolls from Qumran. The calligraphy era was real, folks..
- Headline: Junior College Elects 2. Impact: The election of two students set a precedent for future student governments everywhere, ultimately leading to the first-ever student-led pizza party. Democracy at its finest!. Fact: In a shocking twist, the two elected representatives later ran for class president and managed to organize a bake sale that no one attended..
- Headline: Aides of Benefit For Heart Fund Are Announced; Committees Named for Fourth Annual Ball at Plaza on April 28. Impact: The Heart Fund Ball led to an annual tradition of awkward socializing and overpriced dinner dances that continue to this day, proving that love can indeed be a costly affair.. Fact: The real reason for the Heart Fund Ball? To see who can dance the worst while raising money for a good cause. It's a talent show in disguise!.
- Headline: FARM OUTPUT RISE HITS EUROPE EXPORT. Impact: The spike in farm output might have led to the overproduction of kale, which in turn fueled the hipster movement and a new era of overpriced green smoothies. Thanks, Europe!. Fact: Farmers in Europe probably didnβt intend to start a trend of organic everything, but here we are, paying $10 for artisanal kale chips..
- Headline: 2 ITALIANS DEFEND PREMIUM JET FARE; Say Higher Tariff Is Needed Till True Cost of Flying Faster Plane is Known. Impact: This discussion set the stage for future airline fees that would baffle customers for decades, eventually leading to the infamous 'baggage fee' crisis of the 21st century.. Fact: Airlines have mastered the art of charging for everything except the actual act of flying. At this rate, they'll start charging for the air you breathe on the plane!.
- Headline: CAPITAL AVOIDING POOREST NATIONS; Private Investments Scant in Needy Lands, Where Reds Push Cause HOUSE STUDY BEGUN Extreme Nationalism and Fear of Expropriation Called Difficulties CAPITAL AVOIDING POOREST NATIONS. Impact: The reluctance of capital to flow into poorer nations resulted in a great irony: the rich got richer while the rest were left to figure out how to start a GoFundMe for basic needs.. Fact: Investing in needy countries is like trying to convince your cat to take a bathβeveryone knows itβs for their own good, but good luck with that!.
- Headline: SHIPS WEARING OUT, NAVY LEADER WARNS. Impact: The warning about ships wearing out led to a massive naval modernization effort that ultimately resulted in a fleet of ships that would be too nice for actual war. Who says you can't have style in battle?. Fact: The Navy's idea of modernization often includes adding more buttons and gadgets. Because nothing says 'we're ready for war' like a fancy touchscreen..
- Headline: REALTY BOOM DUE FOR TEXAS ISLAND; Big Industrial Development Planned for Tract Just Off Busy Port of Galveston. Impact: The development boom on Texas islands paved the way for future real estate moguls who would later build overpriced vacation homes while completely ignoring local wildlife. Sorry, turtles!. Fact: The only thing booming faster than the realty market in Texas? The number of 'No Trespassing' signs popping up on those previously untouched islands..
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)