Breakthroughs and everyday innovations from the year.
HEADLINES ON December 24, 1958
Full News Archive
- Headline: Soviet Proposal for East-West Negotiations. Impact: The USSR's invitation for talks without preconditions led to a long-standing tradition of diplomatic meetings that were more like awkward family reunions. Spoiler alert: they rarely ended well, and someone always left the table in tears.. Fact: In the '59 Cold War era, East-West relations resembled a bad soap opera: full of tension, misunderstandings, and the occasional dramatic monologue about security..
- Headline: New Atlas Tested. Impact: The testing of the New Atlas rocket was a pivotal moment that eventually led to the moon landing and the conspiracy theories surrounding itβbecause nothing says 'we landed on the moon' quite like a million YouTube videos claiming otherwise.. Fact: Canaveral's launches were so groundbreaking that they could have easily been mistaken for a sci-fi movie set, filled with engineers who looked far too serious for their own good..
- Headline: Central to Quit Railway Express; Agency May Be Forced to Close. Impact: The NY Central RR canceling its contract was the beginning of the end for the Railway Express, which would later inspire countless 'how not to run a business' seminars. Future entrepreneurs would take notes, but theyβd still forget the basics.. Fact: When the railway agency closed, it left a gaping hole in shipping services, much like when your favorite restaurant shuts down and youβre left wondering where to get your fried calamari fix..
- Headline: BUDGET ESTIMATE DIVIDES CONGRESS; Conservatives in Two Parties Voice Approval -- Liberal Democrats Are Critical. Impact: The budget division in Congress paved the way for decades of theatrical bickering and finger-pointing that would eventually lead to the modern reality of political stalematesβwhere they argue over budgets like kids arguing over the last cookie.. Fact: The concept of a divided Congress is so old it could have its own retirement plan; itβs been around long enough to have a few decadesβ worth of grievances and certainly requires more than just a group hug..
- Headline: Graft-Case Captain Gets High Fire Post. Impact: Captain Vailβs rise to power post-graft case was a classic case of 'itβs not what you know, itβs who you know'βleading to a future where corruption became a family business, complete with a logo and merchandise.. Fact: You canβt make this stuff up; itβs real life! Captain Vail was the kind of guy who, in another universe, would have a bestselling autobiography titled 'How to Succeed in Business Without Really Trying (or Getting Caught).' .
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)