Breakthroughs and everyday innovations from the year.
HEADLINES ON December 30, 1966
Full News Archive
- Headline: EEC Trade Bloc Pushes for Capital Market Integration. Impact: This study sparked an obsession with integrated markets that eventually led to the creation of the Euro. Little did they know, this would also lead to countless awkward conversations about currency exchange rates at dinner parties.. Fact: Did you know that most people still think 'EEC' stands for 'Easily Expendable Currency'? Yeah, that's not it..
- Headline: Federal Reserve Reports Economic Changes. Impact: This financial easing allowed for a surge in entrepreneurial spirit, leading to the rise of hipster coffee shops where people pay $5 for something that tastes like burnt water.. Fact: Fun fact: 'Money squeeze' sounds like a '90s dance move that nobody wants to try..
- Headline: Yale Express Sees First Profit Post-Bankruptcy. Impact: Yale Express's revival inspired countless tech startups to declare bankruptcy just to have a dramatic comeback story. Spoiler alert: not all of them worked out.. Fact: Bankruptcy: the adult version of 'I'm just taking a break from reality.'.
- Headline: ARMY OFFICER'S CASE ACCEPTED BY A.C.L.U.. Impact: The ACLU's involvement in this case set a precedent for future military personnel to question their orders, leading to a generation of officers who text their friends instead of following protocol.. Fact: The ACLU: because even the military sometimes needs a lawyer whoβs not busy watching war movies..
- Headline: Dance: What's the Word?; 'Le Mot Juste' Is Rejected for Propriety's Sake, and the Author Compromises. Impact: This dance performance rejection led to a flurry of artists deciding that 'propriety' was just a fancy way of saying 'I don't want to scare the audience,' thus lowering the bar for artistic expression forever.. Fact: 'Le Mot Juste' translates to 'the right word.' Ironically, nobody seems to know what that word is anymore..
- Headline: Du Pont Awarded $6.8-Million in Suit; $6.8-MILLION GIVEN DU PONT IN COURT. Impact: This settlement gave Du Pont the cash to fund future innovations, which eventually led to the creation of more plastic products that you probably donβt need but canβt live without.. Fact: Du Pont: turning 'unfair competition' into 'profit' since forever..
- Headline: Toledo Dismissing 523 City Workers For Staging Strike. Impact: This mass dismissal led to a labor rights movement that encouraged workers to stand up for their rights, resulting in more collective bargaining agreements than you can shake a picket sign at.. Fact: Striking: the adult version of throwing a tantrum when you don't get your way..
- Headline: The Theater: Premiere of 'The Displaced Person'; Play by Cecil Dawkins at American Place. Impact: The premiere of this play opened up discussions on displacement and identity, ultimately leading to a surge in theater productions tackling social issuesβbecause nothing says 'let's fix the world' like a bunch of actors in costumes.. Fact: Theater: where people pay to watch other people pretend to have problems instead of solving their own..
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)