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HEADLINES ON September 21, 1973
Full News Archive
- Headline: Watergate Conspirators Challenge Government Claims. Impact: The Watergate scandal led to a perpetual state of distrust in government, causing future politicians to consider hiring private detectives for even the simplest of tasks, like finding a lost pen.. Fact: Watergate was so scandalous that it inspired a whole genre of political thrillers. You're welcome, Hollywood..
- Headline: King vs. Riggs: A Historic Match. Impact: Mrs. King's victory over Riggs not only popularized women's tennis but also led to the creation of 'the next big thing'—the Tennis Mom, who would later evolve into the Uber Competitive Parent.. Fact: The match was so dramatic it could have been a soap opera—'As the Tennis Ball Bounces'..
- Headline: NIXON AIDES AND COX FAIL TO GET ACCORD ON TAPES; TEST IN HIGH COURT SEEN. Impact: The ongoing battle over the tapes eventually paved the way for a new genre of 'leaked' information, leading to future headlines like 'Whistleblower Claims Government is Actually Run by Cats.'. Fact: Nixon's tapes were so infamous they could've been released as a podcast series. Maybe they still will be..
- Headline: Earnings of U.S. Corporations Rise 34% in the Second Quarter. Impact: The rise in corporate earnings fueled a frenzy of consumer spending, setting off a retail renaissance that would lead to the invention of the credit card—because who doesn't love debt?. Fact: 34% growth sounds impressive until you realize it was just more people buying disco balls and avocado green appliances..
- Headline: Last of the Jailed Guerrillas Are Set Free by Jordan. Impact: The release of the Palestinian guerrillas was a pivotal moment in Middle Eastern politics, resulting in more 'peace talks' than anyone could count, each leading to more confusion than resolution.. Fact: King Hussein's gesture of reconciliation was like trying to mediate a family feud at Thanksgiving—good luck with that!.
- Headline: SAIGON WILL FREE FOUR DISSIDENTS. Impact: Saigon's decision to free dissidents marked a fleeting moment of hope that would be snuffed out by the harsh realities of war, proving that the only thing more persistent than hope is bureaucracy.. Fact: This event made headlines, but the real story was how many times they had to rewrite the press release to sound optimistic..
- Headline: People and Business. Impact: Dahrendorf's departure from the EEC was the beginning of a trend where academics would increasingly realize that politics has less to do with intellect and more to do with who you know.. Fact: If only Dahrendorf had known that leaving the EEC would lead to endless debates about Brexit, he might have thought twice!.
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)