Breakthroughs and everyday innovations from the year.
HEADLINES ON June 7, 1959
Full News Archive
- Headline: US Global Business Expansion in 1957. Impact: As U.S. businesses spread like a viral meme across the globe, they inadvertently sparked a worldwide obsession with fast food, leading to the culinary crisis we call 'McDonald's in Paris'.. Fact: In 1957, the U.S. was more interested in global domination than ever, and no, this wasn't the plot of a Hollywood blockbuster..
- Headline: Mutual Fund Tax Protest Sparks Financial Exodus. Impact: The proposed tax increase became a rallying cry for investment firms everywhere, leading to the great 'Runaway Funds' of the 1960s, where money literally packed its bags and left town.. Fact: In 1957, NYC was apparently such a tax haven that even the money wanted to leaveβtalk about commitment issues!.
- Headline: The Man -- Hudson's Triumph and Tragedy; On Thursday New York begins celebrating 350 years of progress since his exploration of the river bearing his name. Here a historian explores Hudson's clouded career. Hudson Celebration (1609-1959) Hudson's Triumph and Tragedy. Impact: Hudsonβs exploration opened the river but also paved the way for generations of tourists taking selfies on boatsβtragedy indeed for the fish who never signed up for that.. Fact: Celebrating 350 years of Hudson's exploration means 350 years of people asking, 'Do you think he ever found a good parking spot?'.
- Headline: Problems of Colleges; Balance Between President, Trustees and Faculty Is Favored. Impact: The balance of power between college presidents, trustees, and faculty led to the establishment of a secret society known as 'The Committee of Unspoken Agreements'.. Fact: In 1957, college politics were as chaotic as trying to get a group of cats to agree on a nap spot..
- Headline: Centennial Observance Queried. Impact: The Centennial Committee's plans were so questionable they inadvertently inspired a generation of procrastinators who thought, 'Why plan today what you can ignore until tomorrow?'. Fact: In 1957, if you were celebrating a centennial, you were basically just trying to delay the inevitable midlife crisis..
- Headline: RAISING THE FLAG; 49-Star Banner Flies First at Philadelphia. Impact: The raising of the 49-star flag marked a significant moment in American history, leading to a series of awkward conversations about why 50 stars were better than 49.. Fact: In 1957, the 49-star flag was the talk of the townβbecause who doesn't love a good old-fashioned flag-raising ceremony?.
- Headline: MORAN TO AID SENATE; Head of Towing Concern to Advise on Transport Study. Impact: Moran's appointment to the advisory group led to an avalanche of unsolicited advice on transport, resulting in the legendary 'Traffic Jam of 1960', which still haunts commuters today.. Fact: In 1957, being appointed to an advisory group was basically like being handed a megaphone and told to shout into the void..
- Headline: NEHRU SEES DANGER IN KERALA RIVALRY. Impact: Nehru's warning about Kerala's rivalry turned into a national game of 'What If', leading to a future where political debates were less about policy and more about who could meme the best.. Fact: In 1957, Nehru was just trying to keep the peace while everyone else was already planning their next Twitter feud..
- Headline: BUSY DAYS AT BEAR MOUNTAIN; Facilities Continually Enlarged But Crowds Keep Filling Them. Impact: Bear Mountain's expansion led to a tourism boom, which ironically caused a wildlife crisis, where bears started demanding better living conditionsβwelcome to the age of the 'Bear Rights Movement'.. Fact: In 1957, Bear Mountain was so busy enlarging its facilities that it probably forgot to check in with the actual bears living there..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1959, it would be worth $3,433,940 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1959, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1959, it would be worth $23,651,341 today (23651.3x return)