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HEADLINES ON October 3, 1962
Full News Archive
- Headline: NLRB Ruling on Detroit Free Press Picketing. Impact: If only the pressmen had chosen to picket a bakery instead, maybe America would have been overrun by pastries instead of political disputes. Who knew a picket line could alter the course of the Fourth Estate's relationship with labor unions?. Fact: Picketing was once a popular way to get a free meal, but now it just gets you a headline and a headache..
- Headline: U.S. Leads Anti-Communist Efforts in Latin America. Impact: The U.S. telling Latin America to counter communism was like giving a toddler a box of matches. A few decades later, the region was either a hotbed of revolution or a tourist trap for rogue leaders. Thanks, Rusk!. Fact: The term 'Cuban Missile Crisis' was originally intended to be 'Cuban Missed Opportunity for Peace' but didnβt have the same ring to it..
- Headline: McHugh Advocates for Bronx Industry Growth. Impact: McHugh's optimistic outlook on state industry led to the rise of what we now call 'overinflated corporate optimism'. Just think, if he had been ignored, we might have avoided the dot-com bubble entirely. What a world!. Fact: 825 new plants? That's almost as many as the number of times politicians promise to create jobs during election season!.
- Headline: Curran Says Ships Owned In U.S. Taks Goods to Cuba. Impact: Curran's charge about U.S. ships carrying 'Communist goods' set off a chain reaction of paranoia that would lead to a new genre of conspiracy theories involving ships, goods, and the occasional angry seagull.. Fact: The only goods that should be shipped to Cuba are those that can be consumed, like delicious sandwiches. But I guess thatβs too much to ask..
- Headline: Jagan Back in Guiana. Impact: Jagan's return from Europe probably inspired many to take vacations abroad, leading to an increase in overpriced souvenirs and sunburns. Thanks for that!. Fact: Jagan was quite the traveler, proving that you can run a revolution and still find time for a European getaway..
- Headline: U.N. Said to Face '64 Crisis Over Cost of Peace-Keeping. Impact: The looming U.N. crisis over peace-keeping costs led to the formation of countless committees. Because nothing says 'we're addressing the problem' like a good committee meeting.. Fact: The U.N. has faced so many crises over costs that it should probably just hire a financial advisor instead of diplomats..
- Headline: BARNETT CONTEMPT CASE PUT OFF, COURT CLEARS UNIVERSITY'S AIDES; CAMPUS CALM, 3,500 TROOPS LEAVE; HEATING OCT. 12 Lieut. Gov. Johnson Also Gets Delay-- 8 Judges Confer Barnett's Contempt Case Is Put Off as Court Clears officials of Mississippi U. FURTHER HEARING IS SET FOR OCT.12 Date Chosen as the Earliest Practicable for 8 Judges-- Governor Stays Away. Impact: Barnett's contempt case delay was the legal equivalent of hitting the snooze button on history. It allowed tensions to simmer longer, leading to a potentially explosive situation that could have been avoided if someone had just decided to show up.. Fact: In Mississippi, legal delays are almost as common as summer heat wavesβboth leave you feeling drained and slightly crispy around the edges..
- Headline: WILLIAM F. SCHILLING. Impact: The Senate's approval of the $4.4 billion in aid could have led to a butterfly effect of financial mismanagement, paving the way for future budgetary disasters that would make even the ancient Romans shake their heads.. Fact: In government, a 'narrow margin' is just code for 'we're still unsure if this was a good idea or not.'.
- Headline: SENATE APPROVES 4.4 BILLION IN AID BY 57-TO-24 VOTE; 70 Per Cent of Funds Cut by House Restored in Victory for President CONFERENCE IS SLATED Series of Narrow Margins Raises Doubts on Fate of Measure Next Year SENATE APPROVES 4.4 BILLION IN AID. Impact: Kennedy's hailing of the reserve group likely inspired a future generation of politicians to take credit for things they didn't do, leading to a long legacy of 'let's take a victory lap for showing up.'. Fact: Kennedy's speeches were so inspiring that they could make even a rock feel like it was part of something greaterβuntil the rock realized it was just a rock..
- Headline: Kennedy Hails Reserve Group.
Wall Street Time Machine
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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)