Breakthroughs and everyday innovations from the year.
HEADLINES ON December 25, 1973
Full News Archive
- Headline: Rising Oil Prices Trigger Economic Woes. Impact: The rise in oil prices led to a global economic downturn, which in turn sparked a wave of innovative budget-cutting strategies. Fast forward to the 80s, and suddenly everyone was crafting their own soap to save money, resulting in an entirely new DIY culture. Who knew that the price of oil would inspire a generation of hippies to bathe less?. Fact: Did you know that oil is often referred to as 'black gold'? Ironically, when the prices rise, the only thing that shines is our collective misery..
- Headline: Oil Price Surge Driven by Shah's Influence. Impact: The Shah's audacious oil price hike set off a chain reaction that eventually led to the 1979 Iranian Revolution. Talk about unintended consequences; who knew that one man’s quest for higher profits could lead to a whole country flipping the script on a monarchy?. Fact: Fun fact: The Shah of Iran had a pet lion named 'Milo'. One can only imagine the conversations they had about oil prices while lounging in their palace..
- Headline: Water Supply Crisis in Canastota. Impact: The depletion of water in this small village not only forced residents to conserve but also sparked a nationwide campaign for better infrastructure. Fast forward a few decades, and you have people in urban areas stocking up on bottled water like it’s the next big cryptocurrency.. Fact: Did you know that water is essential for life? Shocking, I know. But apparently, it’s also essential for maintaining social order in small towns..
- Headline: Britons Will Return Some Airco Stock. Impact: Britons returning stock as a strategic move in corporate chess led to increased corporate takeovers and mergers in the 80s. If only they knew that in the future, people would be investing in tech companies that sell nothing but dreams.. Fact: Did you know that buying back stock is like going to a buffet and saying, 'I’ll have my leftovers back'? Sounds deliciously self-serving!.
- Headline: Bills Pending or Defeated. Impact: Nixon’s veto of key legislation led to the stagnation of emergency medical services funding, resulting in a generation of citizens who learned to 'tough it out' instead of seeking medical help. The 80s really were a time of 'just walk it off'.. Fact: Did you know that one of Nixon's major legislative proposals was to help the poor? Spoiler alert: it didn’t go well..
- Headline: Requests and Appropriations. Impact: This endless cycle of requests and appropriations led to the birth of the bureaucratic dance we all know and love today. It’s the kind of tango that ends with everyone stepping on each other's toes while pretending to care about the budget.. Fact: Did you know that Congress makes more requests than a toddler in a candy store? Yet somehow, they always end up with broccoli..
- Headline: Blue Cross to Ask Rate Rise. Impact: Blue Cross's rate hike request foreshadowed a never-ending cycle of insurance companies raising rates, leading to the modern-day health care debates that make everyone want to pull their hair out. It’s like watching a slow-motion train wreck.. Fact: Did you know that health insurance companies are like that friend who always borrows money but never pays you back? Always looking to increase their 'profits'..
- Headline: ROBBER IS SLAIN, POLICEMAN SHOT. Impact: The tragic shootout not only marked a dark day for the community but also highlighted the ongoing battle between crime and law enforcement, setting off a trend of crime dramas in TV and film that we still can’t escape. Thanks for the binge-watching material!. Fact: Did you know that shootouts like this often become the inspiration for crime novels? Because nothing says 'best seller' like tragedy..
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)