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HEADLINES ON May 12, 1972
Full News Archive
- Headline: Pope's Plea for Peace in Vietnam Conflict. Impact: If the Pope had taken up knitting instead of playing global peacekeeper, perhaps the Vietnam War would have been resolved over a cozy afternoon tea. But alas, here we are.. Fact: Pope Paul VI was known for his peace efforts, but did you know he also had a pretty solid collection of vintage stamps? Priorities, right?.
- Headline: Defending Anloc: A Standoff at Hue. Impact: The South Vietnamese soldiers, ready to defend with their antitank guns, inadvertently inspired future generations of video game designers who thought, 'Let’s make a game where you shoot at virtual tanks!'. Fact: Soviet-made tanks were famously unreliable. Some say they were just a little too optimistic about their 'self-destruct' feature..
- Headline: The 1972 Presidential Campaign Dynamics. Impact: Sen McGovern's delegate filing led to a ripple of political strategizing that eventually resulted in more campaign ads than there are actual voters. Thanks, McGovern!. Fact: In the 1972 election, campaign spending was so high that some candidates started funding their campaigns by selling branded merchandise—yes, 'McGovern mugs' were a thing..
- Headline: State Seizes Banned Pesticides Here. Impact: The crackdown on banned pesticides might have saved countless insects, but it also led to the rise of the 'all-natural' movement, where people started using essential oils to repel mosquitoes. Spoiler alert: it didn't work.. Fact: DDT was so popular that it was once dubbed ‘the miracle chemical’—until, you know, people realized it was also a miracle way to get cancer..
- Headline: Candidates Day. Impact: McGovern's emphasis on the Vietnam War over school busing changed the political landscape, prioritizing foreign policy discussions to the point where school buses were eventually replaced by campaign buses. Because why not?. Fact: Flint, Michigan, became a hotbed for political speeches. Little did they know, they should have focused on their water supply instead..
- Headline: No‐Fault Insurance Hope Buried in State Assembly. Impact: The demise of the no-fault insurance bill paved the way for future generations to blame each other for car accidents—because who doesn’t love a good argument over who was texting while driving?. Fact: No-fault insurance was supposed to save everyone from legal battles. Instead, it led to family reunions where everyone argued about who really caused the accident..
- Headline: HOUSE BACKS RISE IN MINIMUM WAGE TO $2 NEXT YEAR. Impact: The House's vote for a minimum wage increase created a ripple effect leading to the eventual rise of inflation, which then resulted in everyone being paid more but still being broke. Math is hard!. Fact: In 1972, the minimum wage was just $1.60. If only they'd known how much a cup of coffee would cost a few decades later!.
- Headline: THE 1972 CAMPAIGN. Impact: Nixon's blockade discussions likely led to a secret handshake agreement between world powers, which then evolved into modern diplomatic memes—next time you see a cat meme, remember it all started here!. Fact: C.L. Sulzberger, a notable journalist, was known for his insightful commentary. Ironically, he also had a pretty mean collection of dad jokes that never quite made it to print..
- Headline: FOREIGN AFFAIRS.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1972, it would be worth $343,942 today (343.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1972, it would be worth $269,286 today (269.3x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1972, it would be worth $292,010 today (292.0x return)