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 August 28, 1971
Full News Archive
- Headline: OTB's Warning to Computer Sciences Corp. Impact: When OTB scolded the Computer Sciences Corp, they unknowingly set off a chain reaction that led to the creation of the first office supply vending machine. Fast forward a few years, and now we can't work without our caffeine fix dispensed from a glorified ATM. Thanks, OTB!. Fact: Did you know that 'OTB' stands for 'Off-Track Betting'? Yeah, who knew they were also into computer tech scolding? Seems like they had their priorities straight..
- Headline: National Folk Fete Celebrates Cultural Heritage. Impact: The National Folk Festival in Virginia became the epicenter of folk music revival, which ultimately led to the rise of hipster coffee shops and ironic mustaches. Thanks to this festival, your local barista is likely secretly plotting to bring back the dulcimer.. Fact: Did you know that folk festivals are basically music's way of saying, 'Letβs gather around and pretend weβre not actually listening to the latest pop hits'? Vintage vibes, man..
- Headline: Rumania's Tensions with the Soviet Union. Impact: Rumania's worries about Soviet moves prompted them to seek alliances with more progressive nations. This fear eventually led to the Iron Curtain becoming a literal curtain in a theater production, symbolizing how over-the-top these diplomatic tensions became.. Fact: Fun fact: the term 'war of nerves' was coined because calling it 'a massive game of chicken' felt too casual for the diplomats involved..
- Headline: Meany Opposes a Race for the Presidency by Lindsay. Impact: Meany's opposition to a Lindsay presidential run paved the way for more obscure candidates to enter the race. Fast forward to today, and we've had some truly bizarre contenders, like a cat named 'Whiskers for President.'. Fact: Did you know that George Meany's breakfast meetings were just fancy ways of saying, 'Letβs eat and complain about Nixon'? Now thatβs a political platform I can get behind!.
- Headline: Canoeists, Battered by Wind and Wave, Push On. Impact: The canoeistsβ epic battle with wind and waves led to the invention of waterproof electronics. In a twist of fate, their struggle inspired future generations to just stay indoors and play video games instead. So, thanks for that!. Fact: Did you know that canoeing is basically nature's way of saying, 'Letβs make exercise as miserable as possible'? But hey, at least they got a map!.
- Headline: Brazil to Expel Living Theater Troupe. Impact: Brazil's expulsion of the Living Theater troupe stirred up international artistic tension, leading to a worldwide movement of artists collectively deciding that maybe they should just stay home and post on social media instead.. Fact: Did you know that Living Theater was known for its avant-garde performances? Apparently, Brazil thought it was more 'avant-garde' to kick them out instead of letting them perform!.
- Headline: EnvoyβAided Fund In an S.E.C. Inquiry. Impact: The SEC inquiry into the Oceanographic Fund led to stricter regulations in the financial sector, which ultimately resulted in the birth of the modern-day meme: 'I lost my life savings, but at least I have this cat video.'. Fact: Did you know that 'Middendorf' sounds like the name of a character in a bad sitcom? Turns out it's just a vice president in financial shenanigans!.
- Headline: U.S. Court Refuses to Hear Action Against Gov. Wallace. Impact: The court's refusal to hear the case against Gov. Wallace led to a series of 'what if' scenarios that inspired countless conspiracy theories about judicial incompetence, eventually leading to a popular Netflix series. Who knew court decisions could be so cinematic?. Fact: Did you know that 'contempt of court' doesnβt mean what it sounds like? Itβs not about hating the judge's outfit, though that would be a fun courtroom drama!.
- Headline: Liquidation Within a Year Is Voted at Barton Brands. Impact: Barton Brandsβ liquidation became a case study in corporate paradoxes, leading to future CEOs deciding that maybe selling off assets is the new trend. Spoiler alert: it wasnβt, but it sure made for some amusing business school lectures.. Fact: Did you know that liquidating a company is just a fancy way of saying, 'Oops, we messed up'? Kind of like breaking up via textβjust way more expensive..
- Headline: Questions and Answers on the Freeze. Impact: The Nixon Administration's price freeze led to an unexpected rise in black market potato chips. Who knew that a simple freeze would turn snack enthusiasts into underground dealers?. Fact: Did you know that price freezes are basically government-approved ways to encourage inflation? It's like telling people, 'Donβt buy that, but also donβt pay too much for it!'.
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)