Breakthroughs and everyday innovations from the year.
HEADLINES ON October 14, 1971
Full News Archive
- Headline: Italy Reduces Key Bank Interest Rates. Impact: When Italy cut its bank rate, it unleashed a cascade of financial decisions that led to a global obsession with low interest rates. By the time we hit the 21st century, people were taking out loans for avocado toast like it was a necessity. Thanks, Italy!. Fact: Did you know that cutting interest rates is like hitting the reset button on your credit card? Except instead of feeling better, you just get deeper into debt!.
- Headline: Chaplin's 'A King in New York' Screening. Impact: Chaplin's films being shown in the US sparked a renaissance of silent film appreciation, paving the way for hipsters in the 21st century to flaunt their vintage cameras and ironic film festivals. All hail the pretentiousness!. Fact: Did you know that Chaplin was so iconic that even in today's digital age, his mustache and bowler hat can still sell a million hipster t-shirts?.
- Headline: Despair and Hope in East Pakistan. Impact: The despair in East Pakistan became a rallying cry for humanitarian efforts that would eventually lead to global awareness about refugee crises. Who knew that one tragedy could lead to countless Instagram posts about social justice?. Fact: Did you know that the horrors of East Pakistan were so severe that they made the news cycle last longer than your average celebrity scandal?.
- Headline: German Negotiators End Up Day in East Berlin Theater. Impact: The East Berlin theater meeting was a pivotal moment in Cold War diplomacy, leading to a series of awkward dinner parties where everyone pretended they didnβt want to talk politics. Ah, the power of entertainment!. Fact: Did you know that East Berlin theaters were the original 'Netflix and chill' spots, except the chilling was generally about ideological differences?.
- Headline: Beaumont Takeover Now Seems Doomed. Impact: The doomed Beaumont takeover taught future city planners that sometimes, no matter how much you plan, it still ends up in the dumpster. This wisdom would be applied to countless urban projects in the years to come.. Fact: Did you know that the Beaumont Theater's fate was a reminder that if you can't remodel, you might as well just turn it into a trendy coffee shop?.
- Headline: ROGERS REPROVES CHILE ON SEIZURES. Impact: Rogers' reproach of Chile over copper seizures set the stage for future discussions about nationalization, leading to a dizzying array of international financial negotiations that would make anyone's head spin.. Fact: Did you know that the only thing more complicated than international law is trying to explain it to your grandparents during Thanksgiving dinner?.
- Headline: Article 3 β No Title. Impact: Prince Sadruddin Aga Khan's mission for Pakistani refugees emphasized the need for global solidarity, ultimately leading to an increase in awareness and fundraising efforts that would thankfully overshadow the world's next viral cat videos.. Fact: Did you know that refugee crises are the only thing that can make you feel guilty for scrolling through social media while sipping your overpriced latte?.
- Headline: HENDERSON JURY TOED OF HIS OFFER. Impact: Henderson's trial became a cautionary tale for future whistleblowers, teaching them that sometimes it's better to stay quiet. And thus, a new generation of cover-ups was born.. Fact: Did you know that the only thing that gets covered up faster than a government scandal is your friend's embarrassing karaoke performance?.
- Headline: Effort to Get U N. Presence in Pakistan Deadlocked. Impact: The deadlock over UN presence in Pakistan sparked a slew of diplomatic initiatives that would lead to more meetings than anyone could count, proving that sometimes, talking about a problem is the only solution we have.. Fact: Did you know that the phrase 'letβs meet in Paris' is code for 'weβre going to discuss this until everyone is too tired to care anymore'?.
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)