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HEADLINES ON July 26, 1974
Full News Archive
- Headline: Supreme Court Decision on School Integration. Impact: The 5-4 ruling not only set back school integration efforts but also inspired a generation of conspiracy theorists who believed that school buses were actually government surveillance vehicles. As a result, children across America started walking to school, inadvertently boosting the fitness levels of an entire generation. Who knew a Supreme Court decision could lead to a nationwide cardio campaign?. Fact: Did you know that the phrase 'separate but equal' was once a legal doctrine? The irony of it being upheld at the highest court is like a bad sitcom plot twist..
- Headline: NY State Reduces Pari-Mutuel Tax. Impact: The reduced tax on horse racing brought in so much revenue that the state started a bizarre trend of betting on everyday decisions, like whether it would rain on Tuesday. This eventually led to the creation of the first 'Weather Derby,' where people placed bets on meteorologists' forecasts.. Fact: Did you know horses can run faster than most politicians can make decisions? Just a fun comparison!.
- Headline: NIXON AT LOW POINT IN THE GALLUP POLL. Impact: Nixon's plummeting popularity resulted in a nationwide trend of politicians hiring image consultants who could only offer terrible advice, leading to the infamous 'Turtleneck and Blazer' phase of American politics. It's like they collectively decided looking like a confused dad was the way to win votes.. Fact: H.S. Truman's 23% approval rating was so low that he could have run for office as a ghost and still had more supporters..
- Headline: Excerpts From Nixon's Address on the Economy. Impact: Nixon's economic address led to a series of increasingly outlandish economic theories that left the public more confused than ever, leading to a rise in the popularity of fortune tellers and economic psychics who claimed they could predict the market based on tarot readings.. Fact: Nixon's speeches were so confusing that even the teleprompter needed a drink afterwards..
- Headline: White House Aides Upset And Concerned by Events. Impact: The recognition of executive privilege led to an explosion of bizarre claims of privilege by politicians, who soon began to assert 'executive privilege' over even their grocery lists, resulting in a strange trend of secretive food choices that left the public wondering, 'Are they hiding kale?'. Fact: Executive privilege is like a cloak of invisibility for politicians; it only works if you believe in it..
- Headline: FAIR‐CAMPAIGN UNIT HOLDS HEARING HERE. Impact: Harry L. Seiden's warning about fair campaign codes created a loophole frenzy that allowed candidates to legally campaign for office while simultaneously running a side hustle as motivational speakers. This led to the rise of 'Politician Life Coaches' who gave terrible advice.. Fact: The only thing fair about political campaigns is that they all seem to be unfair in their own special way..
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)