Breakthroughs and everyday innovations from the year.
HEADLINES ON August 8, 1972
Full News Archive
- Headline: Garfinckel's Price Cuts Amid Profit Restrictions. Impact: This price cut led to a fashion revolution where consumers started demanding discounts as a birthright. Fast forward to today, and now everyone thinks they deserve a 50% off coupon for simply breathing.. Fact: Garfinckel's price cuts were the original inspiration for the phrase 'the customer is always right'—right until they tried to return a used pair of shoes..
- Headline: Heroin Addict Poses as Lawyer in Court. Impact: C. Ross’s charade as a lawyer not only led to questionable acquittals but also raised eyebrows on how many other 'lawyers' might just be really enthusiastic baristas. Legal representation now has trust issues.. Fact: In a bizarre twist, C. Ross later claimed he was just 'practicing for a role in a courtroom drama.' Talk about method acting!.
- Headline: Gasoline Price Hike Efforts in 1990s. Impact: This event kickstarted a long and glorious tradition of gas price hikes every summer, leading to the modern marvel of families budgeting their vacations around the price of fuel. Thank you, Mobil Oil!. Fact: Gas prices have fluctuated so much over the years that experts now believe they may be the most unpredictable stock market indicator—who needs Wall Street when you have the local gas station?.
- Headline: AIRLINE IN BRITAIN SEEKING TRISTARS. Impact: Brit Eur Airways’ Tristar purchases led to a brief period of airline glamour, which ultimately resulted in the modern-day phenomenon of ‘airline miles’—because nothing says glamour like sitting in a cramped seat for hours.. Fact: The L-1011 Tristar was so advanced that it could probably outsmart your average airline executive—but only if they weren’t busy losing your luggage..
- Headline: Music: 2 One Act Operas at Berkshire. Impact: The performance of Brecht and Weill's opera was a small nod toward avant-garde music, which eventually led to the bizarre music festival culture we have today—where anyone with a kazoo can be a headliner.. Fact: Brecht once said, 'Art is not a mirror held up to reality, but a hammer with which to shape it.' Clearly, he didn’t account for reality TV..
- Headline: Report Finds Nation's Air Cleaner but Water Dirtier. Impact: This environmental report set off a chain reaction of panic and denial, ultimately leading to the creation of eco-friendly products that are often more toxic than the original problem. Bravo, humanity!. Fact: Ironically, while air quality improved, the water situation became so dire that people started paying for bottled water like it was liquid gold. Cheers to progress!.
- Headline: UNITED AIRCRAFT RAISES EARNINGS. Impact: This earnings boost signaled to the world that the aerospace industry was on the rise, paving the way for future investment in space travel—because nothing says 'financial stability' like betting on rockets.. Fact: United Aircraft's profits soared so high that they probably considered launching a spacecraft just to see if they could make even more money. Spoiler: they did!.
- Headline: THE 1972 CAMPAIGN. Impact: McGovern’s reliance on former Peace Corps volunteers as a secret weapon led to a new era of grassroots campaigns that have since devolved into social media influencers trying to save the world one hashtag at a time.. Fact: The idea of using 'secret weapons' in campaigns has evolved so much that now all you need is a viral TikTok dance to become a political phenomenon. Who knew democracy was so choreographed?.
- Headline: A Commercial Breeder Reactor To Be Built With Aid of T. V.A.. Impact: This plan for a breeder reactor sparked debates about energy that persist to this day, eventually resulting in a world where renewable energy is both the future and the subject of heated Thanksgiving dinner arguments.. Fact: Breeder reactors were so named because they 'breed' more fuel than they consume. Much like humanity breeds new ways to complicate simple tasks!.
- Headline: STOLport in Jersey Meadows Advised in U.S.‐Financed Study. Impact: The proposal for a STOLport led to the gradual proliferation of airports in the most inconvenient locations, making travel a delightful mix of joy and frustration—thank you, urban planners!. Fact: STOL stands for Short Takeoff and Landing, which is perfect—except when you realize it still takes forever to get through security, making you miss your flight regardless of how short the takeoff is!.
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)