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 January 8, 1963
Full News Archive
- Headline: Sears and Singer: A Big Acquisition Event. Impact: The acquisition of Singer Mfg by Sears set off a chain reaction in the sewing machine industry, leading to a bizarre trend where people started sewing their own clothes. This resulted in the rise of hipster fashion, thrift stores, and the eventual invention of the ironic t-shirt.. Fact: Sewing machines have come a long way since the 19th centuryβthank goodness, because no one wants to see your great-grandma's patchwork pants making a comeback..
- Headline: McNeill Takes Over as Chairman of Manufacturers Hanover. Impact: McNeill's election as Chairman sparked an era of corporate jargon so dense that it became a secret language only understood by boardroom executives. This unintelligible dialect eventually led to the invention of business buzzword bingo.. Fact: The title 'Chairman' is quite misleading; it implies a person actually sits down and does something, which is often not the case..
- Headline: Soviet Bloc Urges Unity Amid Tensions. Impact: The Soviet warning about the danger of an open split among Reds led to a series of secret meetings that birthed the term 'Red Tape.' Ironically, it was used later to describe the bureaucratic processes that were meant to unify them.. Fact: Pravda's name translates to 'Truth,' which is funny because it was about as truthful as a politician's promise..
- Headline: SHIP-LOADING PL0T CHARGED IN STRIKE; Union Sues to Enjoin Lines and Harbor Board in Use of Unlisted Personnel Separate Parleys Begin European Cruise Put Off. Impact: The strike and subsequent lawsuit over unlisted personnel highlighted the power struggle between labor and management, ultimately leading to the introduction of the term 'office worker' in the labor lexicon. This was a pivotal momentβone that led to casual Fridays and the birth of the coffee break.. Fact: If office workers had unionized back then, we might have been spared the horror of mandatory 'team-building' retreats..
- Headline: BRAZIL WILL GET $30,000,000 LOAN AS U.S. RELENTS; Fund Will Be Special One for Emergency--Other Money Still Blocked Cooperation Seen Lacking Purpose of New Loan BRAZIL WILL GET A LOAN FROM U.S.. Impact: The U.S. agreeing to a $30 million loan to Brazil was like giving a teenager a credit cardβthey're going to spend it on something ridiculous. This decision set the stage for future U.S. interventions in Latin America, leading to more complicated relationships than an episode of a soap opera.. Fact: Brazil's national motto is 'Ordem e Progresso,' which translates to 'Order and Progress,' a statement that could also describe my attempts to organize my sock drawer..
- Headline: TAX ACTION TOPS CONGRESS AGENDA; Members of Congress, New and Old, on Hand for Tomorrow's Opening. Impact: The tax action topping Congress's agenda became a never-ending cycle of tax reforms that, much like a bad haircut, never quite looked right. It has since evolved into the annual tradition of Americans wishing for the return of simpler times when tax forms were one page long.. Fact: Congress has been discussing tax reform since the dawn of time, and yet somehow, no one has figured out how to make it less confusing than a Rubik's Cube..
- Headline: Advertising: Rise of Heritage Books; For Supermarket Shelves Taking of Ads Considered Agency Switch People Accounts. Impact: The rise of heritage books in advertising led to an obsession with nostalgia marketing, where brands began to sell feelings of the past rather than actual products. This phenomenon has resulted in millennials buying vinyl records and typewriters, all while complaining about how expensive everything is.. Fact: Heritage books are like the hipsters of the literary world: they insist on being 'authentic' while charging you an arm and a leg for a cup of overpriced coffee..
- Headline: M'CORMACK SEES VICTORY ON RULES; House Speaker Optimistic on Administration Control of Powerful Committee Committee's Power Wide. Impact: McCormack's optimism about rules control became a classic example of why power is often better left unchecked. This small moment in Congressional history led to the phrase 'lawmaker logic,' where the rules seem to change just to fit the needs of those in power.. Fact: In Congress, optimism is often just a fancy word for 'I have no idea what I'm doing, but let's pretend like we do.'.
Wall Street Time Machine
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1963, it would be worth $33,061,595 today (33061.6x return)
DIS
Disney
Disney - If you invested $1,000 in 1963, it would be worth $2,434,960 today (2435.0x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1963, it would be worth $387,746 today (387.7x return)