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 June 24, 1970
Full News Archive
- Headline: US Revives Jarring's Diplomatic Role. Impact: If the U.S. had successfully revived Jarring's role, we might have seen a sitcom where diplomats shared awkward moments at dinner parties instead of escalating conflicts. But alas, here we are with a never-ending soap opera instead.. Fact: Fun fact: 'Jarring' isn't just a name; itβs also what most people felt when they heard about this proposal..
- Headline: Litton Secures Naval Contract Over Bath Iron Works. Impact: The disappointment over Bath Iron Works losing the contract triggered a series of unfortunate events that led to a dramatic rise in local fishing, resulting in the 'Great Maine Lobster Boom' of the 1970s. Who needs a job when you can catch dinner?. Fact: It's amazing how one naval contract can lead to an entire state's seafood industry flourishing. Take that, Bath Iron Works!.
- Headline: REVISED POLICY FOR U. S. LANDS ASKED IN STUDY. Impact: Changing public land laws for the timber industry opened the floodgates for logging practices that made lumberjacks feel like rockstars, but also led to a lot of 'Oops, we cut down a national park' moments.. Fact: The timber industry and conservationists arguing is like watching two kids fight over the last cookieβnobody wins, and everyone leaves with crumbs..
- Headline: RESERVE REMOVES INTEREST CEILING FOR BIG DEPOSITS. Impact: Removing interest ceilings for large deposits set off a chain reaction that ultimately led to the 2008 financial crisis, proving once and for all that money doesn't know how to behave when left unchecked.. Fact: If only banks showed as much interest in their customers as they do in large deposits, we might not have needed the FDIC in the first place..
- Headline: REPORT ON CAMBODIA BY NIXON IS PLANNED. Impact: Nixon's planned report on Cambodia was so anticipated that it caused an uptick in popcorn sales across the nation. People love a good cliffhanger, especially when it involves war.. Fact: Nixon's speeches were so riveting that they could have been turned into a best-selling thriller series, 'Nixon: The Unabridged Chronicles of Confusion.'.
- Headline: Book by Woody Klein, Lindsay's First Press Secretary, Accuses Mayor of Credibility and Other Gaps. Impact: Klein's book about Lindsay's administration sparked a trend of disgruntled staffers publishing tell-all books, forever changing the landscape of political gossip. Welcome to the age of 'I just couldnβt keep quiet.'. Fact: The phrase 'credibility gap' was born from this book, making it a defining moment in political literatureβconveniently ignored by politicians ever since..
- Headline: Badillo Wins House Race; Rooney, Scheuer Victors. Impact: Badillo's victory in the House race changed the political landscape, leading to a series of power shifts that ultimately resulted in the 'Badillo Effect', where every candidate felt they had to run with a catchy slogan.. Fact: You know youβve made it in politics when your name is more recognizable than your actual policies. Bravo, Badillo!.
- Headline: BRIAN AUGER GROUP OFFERS ROCK MUSIC. Impact: Brian Auger's foray into rock music started a mini-revolution of jazz-rock fusion that made people question if they should be grooving or just sipping coffee at a cafΓ©.. Fact: Rock music was invented to make parents cringe, and yet here we are, still trying to figure out if jazz and rock can coexist without giving us a headache..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1970, it would be worth $581,775 today (581.8x return)