Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON February 20, 1975
Full News Archive
- Headline: Tax-Cut Bill Gains Momentum in Congress. Impact: This tax cut bill set off a chain reaction where everyone suddenly thought they could afford a yacht. Fast forward a few decades, and yacht manufacturers are the new elite, while everyone else is stuck with inflatable pool toys.. Fact: If you think tax cuts magically create jobs, you might want to check your math. Spoiler alert: they don't..
- Headline: High Court Expands IRS Investigative Powers. Impact: This decision led to the IRS becoming the ultimate nosy neighbor. Suddenly, everyone had to be careful about their spending habits or risk a knock on the door that said, 'Surprise! We know how much you spent on takeout last month.'. Fact: The phrase 'John Doe summons' might sound like a superhero, but it’s really just the IRS’s way of saying, 'We can see everything you do.'.
- Headline: Bardin Advocates for Agricultural Funding. Impact: Bardin's estimate triggered the most epic game of budgetary hot potato, where everyone tossed the environmental needs around until it became a disaster no one could ignore. Now we’re all trying to figure out how to recycle our regrets.. Fact: Fun fact: the $3-billion agricultural contribution to the economy is still less than what people spend on avocado toast in a year..
- Headline: Books of The Times. Impact: When C. Lehmann-Haupt wrote about McCourt, little did he know it would lead to millions of book club meetings where people pretended to understand literary themes. Thanks, C, for all the fake deep conversations!. Fact: The term 'bookworm' originated from people who were genuinely concerned about the number of worms infesting their libraries. Just kidding, it’s a metaphor. Or is it?.
- Headline: Pan Am Aide Says Some Jews Avoid Line Because of Iran Tie. Impact: This statement led to a series of awkward conversations where everyone tried to figure out if their travel plans would be affected by geopolitics, which ultimately resulted in a new travel guide: 'Where to Go When You Don't Want to Deal with Politics.'. Fact: Funny how airlines thought they could make deals with countries that had a reputation for instability. Spoiler: it didn’t end well..
- Headline: RIGHTS AMENDMENT DEFEATED IN NEVADA. Impact: The defeat of the Equal Rights Amendment in Nevada created a time loop where discussions about gender equality keep happening, but progress seems to be stuck in a never-ending rerun of a bad sitcom.. Fact: It's a little known fact that the ERA was defeated by people who thought 'equal rights' was just a suggestion, like a 'please' at the end of a request..
- Headline: Judge Metes Out a Written Punishment to Offenders. Impact: This unique approach to punishment opened the door for all sorts of creative sentencing, leading to a world where people were forced to write 'I will not jaywalk' 500 times, becoming the first generation of offenders to experience a form of literary enlightenment.. Fact: While some judges prefer traditional sentences, others clearly think they’re auditioning for a role in an absurdist play called 'The Courtroom Chronicles.'.
- Headline: SENATE APPROVES, BY 66‐28, A DELAY IN RISE OF OIL FEE. Impact: This delay allowed gas prices to rise slowly over time, giving people plenty of time to adjust their budgets to accommodate feeling broke. Thanks, Senate, for the slow burn!. Fact: Senators love making decisions that affect your wallet while sipping on fancy lattes. It's a talent, really..
- Headline: BLUE CROSS GAINS A 16.8% INCREASE IN HOSPITAL RATE. Impact: This rate increase sent shockwaves through the healthcare system, leading to patients considering a second mortgage for a simple check-up. Because who doesn’t love a good financial crisis?. Fact: Insurance companies have mastered the art of raising rates faster than you can say 'I need a doctor.'.
- Headline: Senator Ammond Wins Support of Her Constituency. Impact: Senator Ammond's outspoken criticisms sparked a trend where constituents expected honesty from their leaders. This, of course, led to a collective disappointment that still resonates in political circles today.. Fact: Politicians and honesty are like oil and water; they just don’t mix well. Maybe that's why we keep seeing the same old dance moves in the political arena!.
Wall Street Time Machine
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1975, it would be worth $2,924,036 today (2924.0x return)
BA
Boeing
Boeing - If you invested $1,000 in 1975, it would be worth $1,159,830 today (1159.8x return)
WMT
Walmart
Walmart - If you invested $1,000 in 1975, it would be worth $32,670,879 today (32670.9x return)