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HEADLINES ON February 28, 1963
Full News Archive
- Headline: Babe Ruth's Legendary Signing Event. Impact: Mickey Mantle's $100,000 signing bonus set off a chain reaction that led to modern athletes making more money than entire small countries. Meanwhile, Babe Ruth is rolling in his grave, wondering why he didn't charge for autographs.. Fact: Did you know that in today's world, athletes often earn more in a single endorsement deal than most people make in a lifetime? Thanks, Babe!.
- Headline: Nehru's Arbitration Proposal on Sino-Indian Border. Impact: Nehru's arbitration proposal sparked a series of awkward international dinners that would eventually lead to the world's first 'Let's Avoid Talking About Politics' rule in global gatherings.. Fact: Nehru's proposals often sounded like the political equivalent of 'We should totally hang out sometime,' but nobody ever followed through..
- Headline: U.S. Accused of Planning Illegal School Integration; Integration Ordered U.S. Is Accused of Illegal Plan To Integrate Its Pupils in South Construction Planned. Impact: This controversy over school integration paved the way for future debates about race relations that would unfold in the public arena, reminding everyone that sometimes the only thing more stubborn than a mule is a government policy.. Fact: School integration debates are basically the adult version of kids arguing over the best superhero. Spoiler alert: everyone thinks they're right!.
- Headline: Advertising: Package Versus Product; A Consumer's Mentality Accounts People. Impact: L Cheskin's commentary on advertising spending would eventually lead to the rise of the influencer economy, where people get paid to tell you which overpriced products you absolutely need to buy for your happiness.. Fact: Did you know that the average person is exposed to around 5,000 ads a day? And yet, we still can't find a good pair of socks!.
- Headline: Root Named Director By Erie-Lackawanna. Impact: E S Root's appointment as director was a pivotal moment that would lead to a series of boardroom meetings filled with buzzwords and coffee breaks, ultimately ensuring that nobody actually knew what was going on.. Fact: Being a director is basically like being a cat herder, except the cats are all wearing suits and trying to sell you on their brilliant plans while ignoring your input..
- Headline: PEKING SPURNING SOVIET PEACE BID; Latest Condemnation Seen as Flat Rejection--Some Look for Deeper Break Possible Walkout Seen PEKING SPURNING SOVIET PEACE BID. Impact: Peking's rejection of Soviet peace overtures led to a diplomatic game of chicken that would have world leaders sweating bullets and questioning their life choices over late-night vodka shots.. Fact: The Cold War was so cold, even penguins were like, 'Nah, we're good. We'll stay in Antarctica.'.
- Headline: SOVIET INDICATES 10,000 WILL STAY ON DUTY IN CUBA; Reported to Have Told U.S. It Must Retain 'Residual' Force There Indefinitely OTHERS TO LEAVE SOON A Pullout of 7,000 Troops Likely--2 Red Visitors to Havana Stir Interest Most Sensitive Item SOVIET MAY KEEP SOME MEN IN CUBA Concentrates on Arms Divergent Viewpoints New U.S. Loss Reported. Impact: The Soviet decision to keep troops in Cuba became a point of contention that would lead to decades of conspiracy theories, including a few that claimed the troops were just there to host a permanent Cuban dance party.. Fact: Cuba's history is so dramatic, it could probably be turned into a soap opera. 'As the Tropics Turn' would definitely be a hit!.
- Headline: GREYHOUND MERGING WITH RESLER'S LINE. Impact: Greyhound's merger with Resler's Line was the beginning of a love story between two bus companies that would eventually lead to the world's most awkward road trips.. Fact: Did you know that bus travel is often considered the 'last resort' for many? Kind of like that old high school friend who only calls you when they're in town and need a place to crash..
- Headline: INFLATION CURBS DECREED IN PARIS; Cabinet Acts to Limit Credit and Import More Food INFLATION CURBS DECREED IN PARIS. Impact: The inflation curbs in Paris started a trend of government interventions that would lead to debates about whether the economy is like a balloonβtoo much air and it pops, too little and it shrivels up.. Fact: Inflation measures are like dieting for the economy: everyone talks about it, but nobody really enjoys the process..
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)