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The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON January 12, 1974
Full News Archive
- Headline: Tanaka's Insight on Japan in Asia. Impact: This casual chat about Japan's place in Asia somehow set off a domino effect leading to sushi becoming a global culinary sensation. Who knew a discussion could lead to people abandoning hamburgers for raw fish?. Fact: Fun fact: Tanaka's discussions were so riveting that they inspired a whole new genre of diplomatic sitcoms. You haven't lived until you've seen diplomatic negotiations turned into a rom-com..
- Headline: Diamond Shamrock Achieves Record Earnings. Impact: The newfound wealth of Diamond Shamrock led to a spike in diamond-themed parties. This eventually caused a shortage of disco balls in the late '70s. And yes, the world still hasn’t recovered.. Fact: They say money can't buy happiness, but it can certainly buy you a fancy yacht. Just ask the executives at Diamond Shamrock!.
- Headline: Saxbe's Stance on Nixon's Impeachment. Impact: Saxbe's declaration not only delayed Nixon's impeachment but also inspired a generation of lawyers to get into politics, proving that even the most questionable legal advice can lead to a career.. Fact: The phrase 'obviously political grounds' became shorthand for 'I have no idea what I'm doing' in political circles after this. Thanks, Saxbe!.
- Headline: Business Briefs. Impact: Getty Oil's capital expenditures set a trend for other companies to flaunt their budgets. This led to the creation of 'budget bragging' as a corporate sport, complete with awards and everything.. Fact: In the world of business, spending more than last year is considered progress. Because who needs profits when you can have shiny new reports?.
- Headline: Cambodian Rebel Drive Called Major Effort to Topple Lon Nol. Impact: This major offensive not only destabilized Cambodia but also inspired countless action movies where rebels somehow always win, despite the odds. Hollywood loves a good underdog story, after all.. Fact: The Cambodian insurgents took it one step further by creating their own unofficial 'Rebel of the Year' award. Spoiler alert: they all won!.
- Headline: A CASTRO OVERTURE IS DENIED BY THE U.S.. Impact: The U.S. denying Castro's overture led to decades of strained relations and a very awkward Thanksgiving dinner for any Cuban-American families that dared to mention politics.. Fact: Castro's request for talks was the diplomatic equivalent of asking to borrow a cup of sugar. The U.S. response? 'No thanks, we like our sugar embargoed!'.
- Headline: Veteran Is Charged in Killing of Oakland Educator. Impact: The tragic murder of Dr. Foster led to a nationwide conversation about the treatment of veterans and the consequences of war, echoing through policy changes and societal attitudes for years to come.. Fact: The incident sparked a surge in activism that emphasized the importance of mental health support for veterans. Sometimes, tragedy can illuminate the need for change..
- Headline: Dance: ‘Four Bagatelles’. Impact: The premiere of 'Four Bagatelles' inadvertently sparked a wave of modern dance performances that made audiences question if they were watching art or just a group of people having a spontaneous seizure.. Fact: The title 'Four Bagatelles' was actually a clever ruse; there were five pieces, leading to endless debates about the nature of counting in the dance world..
- Headline: Impact of Fuel Shortage On JobTotal Is Uncertain. Impact: The uncertainty surrounding job totals became a running joke in economic circles, leading to the birth of 'job number guessing games' among economists. Spoiler: everyone lost.. Fact: If you think fuel shortages are bad, just wait until you see an economist try to predict the weather. It's about as reliable!.
Wall Street Time Machine
CVX
Chevron
Chevron - If you invested $1,000 in 1974, it would be worth $222,233 today (222.2x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1974, it would be worth $2,553,677 today (2553.7x return)
BA
Boeing
Boeing - If you invested $1,000 in 1974, it would be worth $1,592,290 today (1592.3x return)