Breakthroughs and everyday innovations from the year.
HEADLINES ON August 22, 1962
Full News Archive
- Headline: Cuban Government's Action Against Industry Leaders. Impact: Suspending industrial leaders in Cuba? Sure, that sounds like a great way to inspire innovation. From that point on, every time someone mentions 'suspensions' in a meeting, a factory worker somewhere sighs and rolls their eyes.. Fact: Fun fact: Altering supply data is just a fancy way of saying 'we ran out of coffee, please donβt tell the boss.'.
- Headline: Economic Trend Shows First Rise Since February. Impact: The refusal to delay the H. & M. Terminal deal means that business men were probably plotting their revenge over overpriced lattes in trendy cafes. In the end, this deal helped inspire a new wave of business casual attire.. Fact: Remember, behind every court decision thereβs a bunch of lawyers making sure they can afford their next yacht..
- Headline: Court Refuses to Delay Deal for H. & M. Terminal. Impact: Lloyd rejoining the insurance unit sparked a revolution in the insurance world, leading to the invention of the 'Lloyd's Clause' which basically states, 'If it can happen, it probably will, and youβll wish you had coverage.'. Fact: Rejoining a board sounds great until you realize it's just a group of people discussing the same boring topics for hours on endβlike watching paint dry but with more paperwork..
- Headline: Lloyd Rejoins Insurance Unit. Impact: The U.S. First-Aid unit at the Berlin Wall created a bizarre phenomenon: every time someone crossed the border, they were handed a first-aid kit and a pamphlet on how to avoid awkward conversations with the East Germans.. Fact: It's comforting to know that while the world was worried about the Cold War, the real heroes were the paramedics trying to navigate East Berlin traffic..
- Headline: U.S. FIRST-AID UNIT AT WALL IN BERLIN; Allies Will Seek to Cross Border to Assist Those Wounded by Reds Statements on Berlin situation are printed on Page 3. U.S. FIRST AID UNIT AT WALL IN BERLIN. Impact: Russian astronauts being only 3 miles apart on their closest pass created a cosmic rivalry that would eventually lead to the invention of space-themed reality shows. 'Survivor: Space Edition' anyone?. Fact: Turns out, being an astronaut is just like being a regular person, except your office is literally in the sky and your coffee breaks are at zero gravity..
- Headline: Russian Astronauts Only 3 Miles Apart On the Closest Pass; ASTRONAUTS TELL OF SPACE FLIGHTS. Impact: F.A. Southard Jr. getting a managerial post at the Monetary Fund clearly led to all sorts of financial shenanigans, including the invention of the 'just wing it' strategy for monetary policy.. Fact: Every time someone gets promoted in finance, a stock market analyst somewhere has to drink another cup of coffee to stay awake during the meetings..
- Headline: MONETARY FUND APPOINTS DEPUTY; F.A. Southard Jr. of U.S. Gets Managerial Post. Impact: The thalidomide cases investigation not only raised awareness about the drug but also led to stricter regulations, which somehow resulted in the invention of the phrase 'better safe than sorry' being the new motto for pharmaceutical companies.. Fact: It's fascinating how a drug meant to help can end up being the reason we have so many disclaimers in commercialsβ'side effects may include questioning your life choices.'.
- Headline: PROSECUTOR WEIGHS THALIDOMIDE CASES. Impact: The successful Pershing test not only validated missile technology but also inspired a new generation of competitive missile launching, making it the ultimate party trick at international gatherings.. Fact: If only every missile test came with a celebratory cake, we'd have a much more peaceful worldβwho could argue when thereβs dessert involved?.
- Headline: Pershing Test a Success.
Wall Street Time Machine
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1962, it would be worth $23,651,354 today (23651.4x return)
DIS
Disney
Disney - If you invested $1,000 in 1962, it would be worth $1,960,745 today (1960.7x return)