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HEADLINES ON April 21, 1968
Full News Archive
- Headline: Old Political Giants in Washington, DC. Impact: The political maneuverings of Rockefeller and Humphrey in Washington showed future politicians that it's not just about policy but also about how well you can shake hands and smile for the cameras. Fast forward to today, and we have influencers in Congress who can barely spell 'legislation' but know how to take a perfect selfie.. Fact: Did you know that the term 'old campaigners' can also refer to people who are just really good at losing gracefully?.
- Headline: Economic Turning Point in History. Impact: The call for economic reform sparked an endless cycle of bills, debates, and more bills, creating a perpetual state of legislative limbo that somehow convinced every citizen they were also qualified to be an economist.. Fact: Fun fact: 'Surcharge' is just another fancy word for 'let's make the economy more confusing!'.
- Headline: Y. & T. Forms Unit. Impact: The formation of a subsidiary in Venezuela kicked off a long history of corporate misadventures in foreign landsΓ’β¬βleading future CEOs to believe that they could just waltz into any country and fix their economy with a handful of donuts.. Fact: Venezuela: where you can find both oil and absurdly bad business decisions in abundance!.
- Headline: Electoral College. Impact: The Electoral College's questionable meeting practices paved the way for future political shenanigans, ensuring that every election would come with a side of confusion and conspiracy theories.. Fact: Members of the Electoral College not being required to be US citizens really makes you wonder whoΓ’β¬β’s in charge of your vote, huh?.
- Headline: Disposables Association Is Set Here. Impact: The establishment of the Disposables Association led to the rise of single-use products, which eventually resulted in the current state of our oceans resembling a giant landfill. Who knew convenience could be so... inconvenient?. Fact: If only the Disposables Association had thought about the planet while they were busy making everything disposable. Oops!.
- Headline: See (Slum) America First. Impact: The apathy towards urban crises inspired future politicians to invest heavily in 'urban renewal' projects that often turned into gentrification, which is just a fancy word for 'letΓ’β¬β’s make it pretty while displacing everyone.'. Fact: HereΓ’β¬β’s a shocker: ignoring a problem rarely makes it go away. Who would have thought?.
- Headline: Monetary Reform and Foreign Aid. Impact: Pierson's suggestion for monetary reform and foreign aid led to a long-standing tradition of governments trying to balance their budgets by simply asking for more money from other countries. The art of begging for cash is alive and well.. Fact: Special drawing rights? Sounds like something youΓ’β¬β’d find in a magicianΓ’β¬β’s handbook, not an economic policy!.
- Headline: Review 8 -- No Title. Impact: The prediction of gains from Santa Fe Road not only boosted local economies but also led to a long line of 'experts' claiming they could predict the future based on train schedules. Spoiler alert: they couldn't.. Fact: Railroads: the original influencers of economic development before it became a thing to post about on Instagram!.
- Headline: Gains Predicted By Santa Fe Road.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1968, it would be worth $1,150,821 today (1150.8x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1968, it would be worth $500,431 today (500.4x return)
MCD
McDonald's
McDonald's - If you invested $1,000 in 1968, it would be worth $1,093,100 today (1093.1x return)