Breakthroughs and everyday innovations from the year.
HEADLINES ON September 2, 1971
Full News Archive
- Headline: Massive Counterfeit Ring Cracked in Boston. Impact: This counterfeiting ring was so prolific that it led to an underground economy that inspired the creation of Monopoly moneyβtalk about taking fake money to the next level!. Fact: Did you know that if you printed and used Monopoly money in real life, you'd probably end up in the same trouble these counterfeiters did? But hey, at least itβs colorful!.
- Headline: Import Surcharge Ruling Impact. Impact: This exemption created a loophole so big, you could drive a truck through itβwhile simultaneously convincing importers that they could outsmart the system, thus leading to a generation of savvy businesspeople with questionable ethics.. Fact: Fun fact: Import taxes are like a bad haircutβno one really wants them, but they keep coming back every few years!.
- Headline: Soviet Children Start New School Year. Impact: The return to school sparked a wave of educational reforms that eventually led to the creation of the βNo Child Left Behindβ act. Because, you know, nothing says 'education' like an overreaching government policy.. Fact: Did you know that Soviet children had to learn math before they could learn about the joys of communism? Talk about a tough curriculum!.
- Headline: EXβAIDE GIVES UP IN ILLINOIS CASE. Impact: This incident set off a chain reaction of public distrust in local government officials, leading to the proliferation of 'corruption watchdog' groupsβwho, ironically, are often funded by those with questionable intentions.. Fact: Did you know that tampering with public records is often just a fancy way of saying, 'I forgot to file my taxes'?.
- Headline: Leader of I.R.A. Militants Detained on Arrival Here. Impact: Cahill being detained at the airport led to a rise in extreme vetting practices, which eventually inspired a whole new level of paranoia around airport security. Thanks, immigration authorities!. Fact: Fun fact: JFK Airport has seen more drama than your average soap opera, but at least the luggage is always on time..
- Headline: Brookdale Names Aide. Impact: The appointment of Dr. Wainfeld paved the way for an influx of new medical practices, all while the hospital was secretly brainstorming how to turn 'ambulatory care' into a trendy Instagram hashtag.. Fact: Did you know that 'ambulatory care' is just a fancy way of saying, 'You can walk, so we won't bother with a wheelchair'?.
- Headline: President Widens Freeze For Government Employes. Impact: Nixon's freeze on government employees inadvertently led to a nationwide trend of 'how to survive on ramen noodles' workshops, proving that bureaucracy can really mess with your dinner plans.. Fact: Did you know that economists have a special talent for making you feel bad about your spending habits? Thanks, guys!.
- Headline: Concerned for Grandson. Impact: Mrs. Krasnoff's protective efforts led to a widespread movement for parental rights, which ironically made parenting even more complicatedβbecause who knew trying to be a good parent would involve international travel?. Fact: Did you know that sometimes the best way to protect your family is to just stay on the couch? It's safer, less complicated, and thereβs always snacks..
- Headline: Hanrahan Allowed to Query Jurors Who Indicted Him. Impact: Hanrahan's court case opened the floodgates for legal dramas that would inspire countless TV shows, proving that real life is often crazier than fictionβeven if it involves jurors questioning their own sanity.. Fact: Did you know that the phrase 'You canβt handle the truth!' was actually inspired by courtroom dramas? Or maybe it was just a really bad case of indigestion..
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)