Breakthroughs and everyday innovations from the year.
HEADLINES ON May 27, 1966
Full News Archive
- Headline: Cohoes Ex-Democratic Leader Convicted of Tax Evasion. Impact: The ex-Democratic chief's conviction for tax evasion galvanized citizens to take up knitting as a hobby, believing that if they couldn't trust politicians, they might as well knit their own sweaters. Thus began the Great Sweater Era.. Fact: Turns out, tax evasion is not a great way to win friends and influence people. Who would have thought?.
- Headline: ISSUES ARE DEFINED IN NEWSPAPER TALKS. Impact: The newspaper talks defined issues so well that it created an entire generation of armchair politicians who thought they could solve world problems from their couches. Spoiler alert: they couldn't.. Fact: This was before social media, so actual human interaction was required. Shocking, right?.
- Headline: Staten Island to Get Huge Shopping Center; CENTER WILL RISE ON STATEN ISLAND. Impact: The construction of the huge shopping center on Staten Island led to the formation of an exclusive club for mall walkers, who now consider themselves the real influencers of the retail world. Watch out, Instagram!. Fact: 132 acres of shopping means 132 acres of 'I swear this will look good on me' decisions. Good luck with that!.
- Headline: CASUALTIES OF U.S. SET MARK IN WEEK; 146 Slain and 820 Wounded in Fighting in Vietnam-- Saigon's Dead at 236 CASUALTIES OF U.S. SET MARE IN WEEK. Impact: The staggering casualties in Vietnam not only drew attention to the war but also inspired the creation of a new genre of protest music that would haunt parents in the 70s. Thanks, war!. Fact: The B-52s were not just bombers; they also inspired a popular band decades later. Who knew warfare had such good taste in music?.
- Headline: Hughes Signs Tax Easement. Impact: Hughes signing the tax easement inadvertently led to a series of tax loopholes that inspired a multitude of accountants to become 'financial advisors.' The rest is history⦠and confusion.. Fact: Tax easements are like that friend who promises to pay you back but never does. Always a fun surprise!.
- Headline: West German Federal Bank Raises Its Discount Rate to 5%; BANK RATE RAISED BY WEST GERMANY. Impact: The West German Federal Bank's decision to raise the discount rate set off a chain reaction leading to a global fascination with interest rates that eventually turned into a riveting board game: 'Monopoly: The Real-Life Edition.'. Fact: Nothing says 'party' like a bank raising interest rates! Party hats not included..
- Headline: G.O.P. Would Ease State Strike Curbs Urged by Governor; G.O.P. WOULD EASE STATE STRIKE BAN. Impact: The easing of state strike curbs by the G.O.P. inadvertently led to a dramatic increase in people calling in sick just to binge-watch their favorite shows. The dawn of the Netflix generation was upon us!. Fact: Who knew that easing state strike bans would result in more couch potatoes? Truly groundbreaking stuff!.
- Headline: Buddhist Students Wreck American Center in Hue; Buddhist Students Sack and Burn U.S. Cultural Center in Hue. Impact: The Buddhist students' sacking of the American Center in Hue marked the beginning of a trend where cultural centers became prime targets for passionate protests, paving the way for an escalation in social media campaigns and hashtag activism. #BurnItDown.. Fact: Ironically, the fire trucks arrived just in time to take selfies with the flames. Priorities, right?.
Wall Street Time Machine
IBM
IBM
IBM - If you invested $1,000 in 1966, it would be worth $189,590 today (189.6x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1966, it would be worth $1,807,152 today (1807.2x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1966, it would be worth $713,064 today (713.1x return)