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HEADLINES ON November 13, 1973
Full News Archive
- Headline: Kissinger's Peking Interview on Middle East Peace. Impact: Kissinger's charming negotiation skills led to a butterfly effect that resulted in a whole generation of diplomats thinking they could charm their way through complex international issues. Spoiler alert: they couldn't.. Fact: Did you know Kissinger was often referred to as 'the man with the plan'? Too bad the plan didn't always include a map..
- Headline: Kissinger's Commitment to Israel's Defense. Impact: Kissinger’s comments on Israel and oil led to decades of geopolitical tension, which in turn inspired countless action films and conspiracy theories. Thanks, Henry, for giving us something to binge-watch!. Fact: Oil and politics: a love story as old as time, or at least as old as the '70s..
- Headline: DEFICIT REPORTED BY PITNEY‐BOWES. Impact: Pitney-Bowes reporting record sales? That just means they were ahead of their time in a world that would soon embrace paperless everything. Who's laughing now, printers?. Fact: In a stunning twist, Pitney-Bowes became the poster child for how to make money off a dying industry. Bravo!.
- Headline: Notes on People. Impact: Henry Miller's health issues somehow sparked a trend in writers taking care of themselves, leading to a brief period where authors were seen jogging and drinking green smoothies. Shocking, I know!. Fact: After surgery, Miller likely felt healthier, but also probably wondered why he didn't just stick to writing about his existential dread..
- Headline: S.E.C.Said to Investigate Hughes Airline Purchase. Impact: Hughes's airline purchase investigation led to the creation of an entire genre of thrilling legal dramas that keep us on the edge of our seats—because nothing says excitement like stockholder meetings!. Fact: Who knew airline purchases could be more complicated than assembling IKEA furniture?.
- Headline: AMEX CENSURES HAYDEN CONDUCT. Impact: The SEC's censure of Hayden Stone Inc set a precedent that would lead to a never-ending cycle of corporate accountability, which is basically the adult version of saying, 'No, you can’t have dessert until you finish your vegetables.'. Fact: Censures and fines: because nothing says 'we care about your money' like a slap on the wrist..
- Headline: Harsher Penalties Urged For Income Tax Evaders. Impact: D.C. Alexander's push for harsher penalties for tax evaders led to a nationwide panic. Suddenly, everyone became a tax expert and the IRS gained a reputation as the ultimate party pooper.. Fact: Tax evasion: the only crime where you can literally count on being caught—unless you're really good at hiding..
- Headline: United Aircraft in Pact For Essex International. Impact: United Aircraft's agreement to acquire Essex International kicked off a series of mergers and acquisitions that would one day lead to the phrase 'too big to fail' being coined—because who doesn't love a good corporate drama?. Fact: Acquiring other companies is like collecting Pokémon, but with way less fun and way more paperwork..
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)