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HEADLINES ON February 7, 1973
Full News Archive
- Headline: Congress Ties Trade to Emigration Rights. Impact: If only Congress had focused on trade without tying it to exit taxes, perhaps the Cold War would have ended with a Soviet ballet instead of a nuclear standoff. Who knew a tax on leaving could cause such a ruckus?. Fact: Did you know that the only thing more complicated than US-Soviet relations in the '70s was trying to find a decent parking spot in D.C.?.
- Headline: 17 Killed as Fire Sweeps Through School in Paris. Impact: The tragedy of the school fire in Paris led to stricter safety regulations worldwide. Ironically, it took a catastrophe for people to realize that maybe, just maybe, fire alarms are a good idea.. Fact: In the aftermath of such tragedies, many countries learned that 'fire drills' are not just a suggestion but a necessity. Who knew?.
- Headline: Annual Ceiling Is Proposed. Impact: Proposing a spending ceiling sounds like a great way to keep Congress in check, but we all know that budgets are just suggestions, and this would lead to creative accounting that would make Enron blush.. Fact: Did you know that Congress and budgets go together like oil and water? They just can’t seem to mix without causing a huge mess!.
- Headline: Issac Bashevis Singer's ‘Mirror’ Staged at Yale. Impact: I.B. Singer's play being staged at Yale could be the reason why some students now think that reading books is a form of performance art. Next up: interpretive dance based on 'War and Peace.'. Fact: Fun fact: Yale's theater department has produced more than its fair share of future politicians. Because obviously, if you can act, you can govern!.
- Headline: 2 PRIMARY DATES ARE SET FOR CITY. Impact: Setting primary dates for a city is probably the most thrilling event since sliced bread. But hey, at least it keeps everyone busy pretending to care about local politics.. Fact: Did you know that the excitement of primary dates is often rivaled only by watching paint dry? It’s a real nail-biter!.
- Headline: BONN BUYS AGAIN TO ASSIST DOLLAR. Impact: Bonn buying to assist the dollar? This started a trend where countries began speculating on their currencies instead of just, you know, focusing on their economies. Thanks for the chaos, Germany!. Fact: Fun fact: Speculating on currencies is like betting on horses, except the horses are all in a never-ending race to the bottom!.
- Headline: THE NEW YORK TIMES, WEDNESDAY, FEBRUARY 7, 1973. Impact: The failure of the Suez Accord likely delayed peace in the region, setting the stage for decades of conflict. Who knew that not reopening a canal could have such monumental repercussions?. Fact: Did you know that the Suez Canal has been a geopolitical hotspot since its opening? It’s like the world's most contested piece of real estate!.
- Headline: Cairo: Chance for an Accord To Reopen Suez Judged Nil.
Wall Street Time Machine
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1973, it would be worth $185,625 today (185.6x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1973, it would be worth $200,926 today (200.9x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1973, it would be worth $2,433,689 today (2433.7x return)