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HEADLINES ON December 10, 1958
Full News Archive
- Headline: State Farm Aide Appointed for New York. Impact: Naming H W Tifft to the NYS Agr Stabilization and Conservation Com might have inadvertently led to the golden age of corn. Yes, folks, one bureaucrat can change the entire corn economy! Next up: Corn on the cob as a presidential campaign strategy.. Fact: Fun fact: The only thing more stable than agricultural policies is my grandmotherβs opinion on how to make the perfect apple pie..
- Headline: Spain's New Spending Control Initiative. Impact: This bill could have prevented Spain from spiraling into economic chaos, but then again, what fun would that have been? I mean, who doesnβt love a good financial disaster to spice things up?. Fact: Did you know that Spain's economic history is like a soap opera? Full of drama, betrayal, and occasionally, a surprise marriage!.
- Headline: Fashion Flashback to Spur McCardell Scholarship Fund. Impact: Little did they know, this scholarship fund would one day lead to a generation of fashion designers who would make skinny jeans a thing. Thanks a lot, McCardell!. Fact: Fashion fact: The only thing more volatile than fashion trends is a room full of teenagers trying to pick a prom dress..
- Headline: SUING NEGRO ASSAILED; Georgia Attacks Character of Woman in College Case. Impact: This case could have been a turning point for civil rights, but instead, it just highlights how deeply rooted prejudice can derail progress. The ripples of injustice can last for generations.. Fact: The fight for civil rights is a bit like a stubborn stain: just when you think itβs gone, it shows up again in the most inconvenient places..
- Headline: Wabash Valley Plan Drafted. Impact: The drafting of this pact could have led to a utopian community where everyone shares their garden veggies and sings Kumbaya. Instead, it probably just resulted in lengthy meetings and passive-aggressive emails.. Fact: Did you know that the Wabash River is actually named after a Native American word meaning 'water over rocks'? So, basically, itβs a river with an identity crisis..
- Headline: SEROV EXIT HELD KHRUSHCHEV GAIN; Premier Expected to Tighten Reins on Security Police With Chief's Removal SEROV EXIT HELD KHRUSHCHEV GAIN. Impact: Khrushchevβs tightening grip on the secret police might have altered the trajectory of the Cold War, but it also gave rise to more conspiracy theories than you could shake a stick at. Thanks for the paranoia, Nikita!. Fact: Did you know that Nikita Khrushchev was known for his love of corn? Yes, the man who almost started a nuclear war was also a corn aficionado. Go figure..
- Headline: $1,000,000 Computer System to Speed Macy's Bills. Impact: This computer system installation could have led to the accidental birth of online shopping, thus ruining the lives of many introverts who now have to deal with social interactions at the mall.. Fact: Did you know that a million dollars in 1950 is about the same purchasing power as a decent used car today? Ah, inflation, my old friend..
- Headline: GOLDFINE INDICTED BY FEDERAL JURY IN CONTEMPT CASE; New England Industrialist Accused on 18 Counts of Balking at Inquiry ARRAIGNMENT DELAYED Accused Refused to Answer Questions at Investigation of Regulatory Agencies GOLDFINE TO FACE CONTEMPT TRIAL. Impact: Goldfineβs refusal to cooperate might have led to stricter regulations, but it also showed that some people will do anything to avoid answering a few awkward questions. Who knew avoiding a jury could be so enlightening?. Fact: Contempt of court is like the adult version of getting sent to your room for not cleaning your room. Only, instead of a timeout, you get a trial..
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)