Breakthroughs and everyday innovations from the year.
HEADLINES ON May 30, 1961
Full News Archive
- Headline: Banking Scandal: US Seizes H W Brann. Impact: As Brann's name echoed through the years, it inspired countless conspiracy theories about bankers being the puppet masters of Wall Street. Who knew a single swindle could lead to a generation of tinfoil hat-wearers thinking they were onto something?. Fact: Speaking of stock swindles, did you know that the phrase 'buy low, sell high' is often just a suggestion for some people?.
- Headline: Ten NYC Students Win Pulitzer Grants. Impact: These ten high school students, fueled by their newfound prestige, went on to become the architects of a new era of journalism, or at least the ones who wrote the most dramatic essays on their pets. And there we have the genesis of the viral cat video.. Fact: Pulitzer grants: the only thing more exclusive than a VIP club at a nightclub where you can't even hear yourself think..
- Headline: Kennedy Challenges Bus Segregation Policies. Impact: Kennedy's petition sparked a chain reaction leading to the eventual desegregation of public transport, which indirectly influenced the rise of rideshare apps. So, thank you, Robert Kennedy, for paving the way for Uber drivers everywhere.. Fact: In a historic twist, the only thing more segregated than buses back then was the lunch table in high school..
- Headline: OSCAR WINTRAB, 71, HOTELS EXECUTIVE. Impact: Wintrabβs passing set off a chain reaction of hotel executives who realized they should probably start attending yoga classes, lest they meet the same fate. Relaxation became the new corporate mantra.. Fact: Oscar Wintrabβs life was a testament to the phrase 'check in, check out'βbut he never checked out early!.
- Headline: Huntington High Set for Centennial; Mementos Sought. Impact: The celebration of Huntington High's centennial led to an influx of nostalgia-driven fundraising efforts, which eventually resulted in a reality show about high school reunions. Who knew high school memorabilia could be so lucrative?. Fact: 100 years of education, and they still couldn't figure out how to teach kids to fold a fitted sheet..
- Headline: Portugal and Angola; Policy of Government Is Outlined, Misrepresentation Charged. Impact: Ambassador Fernandes' statements helped fuel a long-standing debate about colonialism that would inspire countless history majors to write their thesis on things that could've been avoided with a simple apology.. Fact: Portugal and Angola: a relationship so complicated that even a soap opera would struggle to keep up with the plot twists..
- Headline: CARL G. COOPER IS DEAD; Offical of Stage Employes and Movie Operators Union. Impact: Carl G. Cooper's death marked the end of an era for stage and film unions, which eventually led to the rise of the 'starving artist' trope. Because who doesn't love a good underdog story?. Fact: Ironically, the 'stage' is where many artists dieβnot literally, but in terms of their dreams..
- Headline: U.S. ACTS TO AVERT SPERRY WALKOUT; Mediators Enter Talks for Pacts at 11 L.I. Plants. Impact: The negotiations averted a walkout, setting the tone for future labor disputes, which would eventually lead to the phrase 'let's take it to the bargaining table' becoming a euphemism for endless meetings over stale donuts.. Fact: You know it's a serious negotiation when everyone agrees to meet at 8 AMβbecause nothing says 'let's solve our issues' like a lack of sleep..
- Headline: ROY E. FAIRMAN. Impact: Fairman's life and contributions eventually led to the realization that not all royals are celebrated, especially in the world of labor unions. His legacy became a cautionary tale about the perils of fame.. Fact: Fairmanβthe name sounds like someone who could take on the world but probably just wanted to take a nap instead..
Wall Street Time Machine
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Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1961, it would be worth $586,657 today (586.7x return)
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Philip Morris
Philip Morris - If you invested $1,000 in 1961, it would be worth $23,651,354 today (23651.4x return)