Breakthroughs and everyday innovations from the year.
HEADLINES ON February 27, 1971
Full News Archive
- Headline: Safeguarding School Desegregation Aid. Impact: If only they had included safeguards back then, we might have avoided the endless debates over school funding today. But hey, who needs education when you can have a well-placed committee?. Fact: Sen. Mondale went on to become Vice President, proving that sometimes, even the best intentions can lead to second-place finishes..
- Headline: Lockheed's Navy Settlement for Ship Claims. Impact: Lockheed receiving money from the Navy is like giving a kid candy and then wondering why he keeps asking for more. This set a precedent for defense contracts that still echoes today.. Fact: Lockheed's success paved the way for so many corporate bailouts that we could practically rename 'Tax Day' to 'Corporate Welfare Appreciation Day.'.
- Headline: Mayors Advocate for Increased School Funding. Impact: This plea for increased school aid only intensified the 'who's-in-charge' game between local and state governments, leading us to today's vibrant mess of educational funding.. Fact: Rochester's budget deficit was a mere $10.1 million. Today, that's just a pizza party for a school board meeting!.
- Headline: Democrats Say President Indicates an Endless War. Impact: The Democrats' outcry about an 'endless war' is like a broken record that never stops playing; it set the tone for every political discussion about military intervention for decades.. Fact: The term 'endless war' is now used for anything from military actions to trying to finish a Netflix series in one sitting..
- Headline: Japan, Short of Labor, Is Seeking Older Workers. Impact: Japan's job market shift to older workers is like realizing your favorite video game has a 'senior mode'βitβs still relevant but just has a different pace.. Fact: They say with age comes wisdom. In this case, it also comes with a lot more coffee breaks..
- Headline: Oil Ashore at Cape Cod. Impact: Oil washing up on Cape Cod is like the ocean's way of reminding us that Mother Nature always has a way of getting the last laugh, even if it means ruining a beach day.. Fact: The last time oil washed up on the beach, it was a great excuse for a 'staycation'βand the environment definitely didn't mind!.
- Headline: SCHOOL DISORDERS WORRY CITY AIDES. Impact: School disorders are just a preview of the 'chaos in education' reality show that would dominate headlines in the years to come. Spoiler: nobody wins.. Fact: Disruptions at school have been a rite of passage for teens since the dawn of time, proving that rebellion is as timeless as bad cafeteria food..
- Headline: Slump Worst in New England. Impact: The economic slump in New England was a canary in the coal mine for future economic crisesβforeshadowing the struggles of countless hipsters trying to afford their avocado toast.. Fact: New England's economy has been in flux since the Pilgrims decided to negotiate for a better deal than just a Thanksgiving feast..
- Headline: West Point Head Offers Plans For $1.6βMillion Jewish Chapel. Impact: Plans for a Jewish chapel at West Point remind us that even the military knows the importance of spiritual well-being. It paved the way for more inclusive practices in institutions that were initially exclusive.. Fact: When they built that chapel, it became the first time many cadets realized that prayer isn't just for when youβre in troubleβit's also a great way to avoid studying..
Wall Street Time Machine
INTC
Intel
Intel - If you invested $1,000 in 1971, it would be worth $199,890 today (199.9x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1971, it would be worth $590,335 today (590.3x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1971, it would be worth $373,578 today (373.6x return)