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 December 14, 1971
Full News Archive
- Headline: Senate Approves Rent Control Measures. Impact: This decision led to the rise of 'secret rent parties' in New York, where landlords were secretly bribed to ignore the rent controls. This underground economy would inspire future generations to create all sorts of workarounds, ultimately leading to the invention of cryptocurrency, which is just a fancy way of saying 'let's avoid the man.'. Fact: Did you know that every time Congress gets involved in rent control, a landlord somewhere is forced to contemplate a career in interpretive dance?.
- Headline: US-West Germany Relations Explored. Impact: This analysis prompted policymakers to take a hard look at their foreign relations strategies, leading to the idea that maybe, just maybe, being overly concerned with public opinion abroad might not be the best way to run a country. This culminated in the creation of the phrase 'Who cares what they think?' which has been a staple in political discourse ever since.. Fact: Fun fact: 'News Analysis' is just a fancy way of saying 'we're going to give our opinions a formal title.'.
- Headline: Nixon's Concerns Over Soviet-Indian Alliance. Impact: Nixon's irritation here led to a series of diplomatic blunders that would eventually culminate in a decades-long rivalry between the US and USSR. Had he just embraced the Sovietβs support, we might have seen a utopia where Cold War tensions were replaced with a global yoga retreat.. Fact: Did you know that the only thing more confusing than US-Soviet relations is trying to explain why people thought disco was a good idea?.
- Headline: Dacca in Brief: Swarming, Dusty, Beleaguered City. Impact: The description of Dacca as 'beleaguered' sparked a global awareness campaign that eventually led to a series of charitable concerts. Ironically, the first charity event featured a band that had never even heard of Dacca, proving once again that good intentions often pave the way to questionable music choices.. Fact: The term 'beleaguered' comes from the Dutch word 'belageren,' which means 'to besiege.' So, basically, Dacca was just living its best medieval life..
- Headline: Packard Charges Politics Bars Big Defense Savings. Impact: Packard's frustration inspired the creation of countless bureaucratic loopholes and excuses for government inefficiency that would echo through the ages, ultimately leading to the infamous phrase, 'It's not my fault!' being adopted as a national motto.. Fact: Did you know that if you shuffle through enough bureaucratic red tape, you can make it look like you actually achieved something? It's practically a government sport!.
- Headline: PAKISTANIS CONTINUE MEETINGS IN PEKING. Impact: These meetings eventually led to a series of alliances that shifted the balance of power in South Asia, setting the stage for decades of political intrigue and the invention of the board game 'Diplomacy' β a game that teaches you that trust is overrated.. Fact: Fun fact: Peking (now Beijing) was once known for its incredible noodles. If only diplomacy were as easy as ordering takeout..
- Headline: Bandits Get $100,000. Impact: This heist inspired a generation of aspiring criminals who believed they could outsmart the system, leading to the creation of 'Ocean's Eleven' and the subsequent realization that robbing banks is a lot less glamorous when you're not George Clooney.. Fact: Did you know that in New York, if you steal $100,000, you can consider yourself a 'financial consultant' for the day?.
- Headline: Appeals Court Throws Out Rule Sending Little Leaguer to Bench. Impact: This ruling not only reinstated a young athlete but also set a precedent for future generations to believe that kids should have a fair shot at playing. This led to the eventual rise of 'everyone gets a trophy' culture, which is still debated in parenting circles today.. Fact: Did you know that in Little League, the only thing more controversial than the rules are the snack choices after the game?.
- Headline: 7,000 FLEE BLAZE IN FINANCIAL AREA. Impact: This fire led to a major overhaul of fire safety regulations in high-rise buildings, which ironically resulted in countless boardroom discussions over why they didnβt think of this sooner, proving that sometimes it takes a catastrophe to get people to pay attention.. Fact: Fun fact: In a financial fire, the only thing that burns hotter than the flames is the panic among investors!.
- Headline: Manson Given Life Term. Impact: Manson's life sentence not only marked the end of a dark chapter in American history but also sparked a renewed interest in criminal psychology, ultimately leading to a spate of true crime documentaries and podcasts that we all pretend to be horrified by while binge-watching them.. Fact: Did you know that Charles Manson once tried to start a career in music? Turns out, no one wanted to buy an album titled 'Helter Skelter: The Unplugged Sessions.'.
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)