Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON December 19, 1962
Full News Archive
- Headline: Detroit Launches Olympic Fundraising Campaign. Impact: Little did they know, this Olympic drive would eventually lead to a resurgence of 'I Love Detroit' t-shirts and a temporary spike in local pizza sales. A butterfly flaps its wings, and somewhere, a pizza delivery guy is smiling.. Fact: Detroit's Olympic aspirations came after a long history of sports excellence, proving that if you throw enough money at something, you might just get a medal or two... or an awkward moment at the opening ceremony..
- Headline: Britain Rejects Second Commercial TV Network. Impact: In a shocking twist, this rejection paved the way for the rise of reality TV. Thank you, Britain! Because who needs quality programming when you can watch people argue over nothing?. Fact: The British government decided that less is more β which explains why they still haven't embraced the concept of a good cup of coffee..
- Headline: Moscow Is Easing Its Reins on Artists; MOSCOW EASING REINS ON ARTISTS Abstract Artists Protest Yevtushenko Heard. Impact: This moment of artistic freedom would ripple through time, inspiring future generations to express themselves β leading to both masterpieces and some very questionable art that makes you wonder if your toddler could do better.. Fact: Khrushchev's informal meeting with artists was basically the first 'let's just vibe' session in history. Turns out, art and politics have always had a complicated relationship..
- Headline: HODGES EXPECTS REQUEST FOR CUT IN TAXES ON JAN. 1; Commerce Secretary Gives Views on Tax Reduction. Impact: This tax cut anticipation would eventually lead to a never-ending cycle of political promises, budget deficits, and the age-old debate on whether or not we should just raise the tax on avocado toast instead.. Fact: Hodges probably thought that suggesting tax cuts was a great way to win friends. Spoiler alert: it wasn't..
- Headline: Airlines Welcome Savings From U.S. Agencies' Rent. Impact: This decision led to the airlines passing their savings on to customers...in the form of 'new' fees for everything imaginable. Welcome to the golden age of travel, where your wallet gets lighter with every flight!. Fact: Airlines love to save money almost as much as they love to charge you for snacks, proving that the in-flight meal is now mostly a myth..
- Headline: NEWSPAPER TALKS PRODUCE NO GAIN; Wirtz Says Strike Lasting Until March Is Possible-- Confers With Wagner Talks Held in N.Y. Paper Strike But No Sign of Progress Is Seen. Impact: This deadlock kickstarted a series of labor movements that would eventually lead to strikes over everything from better pay to the right to wear sweatpants to work. Progress takes time, folks!. Fact: Wirtz and Wagner's talks were probably the original version of 'we need to talk,' where nobody really wanted to and nothing got resolved..
- Headline: Textron Plans to Acquire Indiana Optical Concern. Impact: This acquisition would kick off a trend of companies gobbling each other up like they were in an economic game of Pac-Man, leading to the delightful chaos of corporate mergers we know and love today.. Fact: Textron's acquisition strategy was so aggressive that if mergers were a sport, theyβd be the reigning championsβof a very niche sport, but champions nonetheless..
- Headline: SOVIET PROPOSES JAN. 1 A-TEST BAN WITHOUT A PACT; Geneva Conferees Abandon Effort to Meet Deadline Set in U.N. Resolution West Opposes Plan Insist On Inspection SOVIET PROPOSES JAN. 1 A-TEST BAN. Impact: This proposal led to decades of tense negotiations, fear, and the classic game of nuclear brinkmanship that kept everyone on the edge of their seatsβliterally. Because who doesnβt love a good Cold War drama?. Fact: The Soviet's casual proposal was like suggesting a game of dodgeballβexcept the balls were nuclear and the stakes were a tad higher than just losing at recess..
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)