Breakthroughs and everyday innovations from the year.
HEADLINES ON July 12, 1975
Full News Archive
- Headline: NYS Legislature's Funding Boost Explained. Impact: This $38.7 million blessing had a ripple effect, leading to countless late-night budget meetings and the phrase 'fiscally responsible' being used more than it should ever be. This eventually inspired a sitcom about a dysfunctional legislative body that somehow became more popular than actual government.. Fact: Did you know that $38.7 million could also buy you a small island? But hey, who needs an island when you can have a budget?.
- Headline: Record Visitors to NYC in 1974. Impact: The 16 million tourists flocking to NYC in '74 sparked an unending quest for the 'perfect bagel' that continues to this day. It's also the reason you now have to pay $6 for a New York slice of pizza. Thanks, tourists!. Fact: 16 million tourists spent $1.25 billion, which proves that even in the '70s, tourists were still overpaying for everything in New York..
- Headline: Castro Accuses CIA of Airliner Plots. Impact: Castro's accusations about CIA plots led to decades of conspiracy theories, effectively making anyone who ever watched a James Bond movie believe they were part of a secret plot. The CIA's reputation as a shadowy organization has only grown since then, fueling countless novels and movies.. Fact: The CIA's obsession with mind control using LSD was so intense that they probably thought they were auditioning for a role in a psychedelic rock band..
- Headline: Bill on Oil Agency Advances in Ottawa. Impact: Establishing Petro-Canada paved the way for a love-hate relationship with oil dependency in Canada. This eventually inspired the phrase 'I love Canada, but I can't afford to fill up my tank.'. Fact: Petro-Canada was born, and with it, the dream that one day people would complain about gas prices instead of just the weather. Spoiler alert: they did..
- Headline: C.I.A. in the Early Nineteen–Fifties Was Among Pioneers in Research on LSD's Effects. Impact: The CIA's early LSD research not only shaped modern conspiracy theories but also inspired an entire generation of hippies who believed they could change the world with a single trip. Thanks to this, we now have 'flower power' and the strange phenomenon of groovy dances at family reunions.. Fact: LSD research by the military was so groundbreaking that it led to the phrase 'make love, not war', which ironically became a war cry for peace-loving summer festivals..
- Headline: Argentine Strongman Out In a Shuffle by Mrs. Peron. Impact: Isabel Peron's cabinet shuffle was a foreshadowing of future political instability in Argentina, leading to more drama than a telenovela. Spoiler: it didn't end well for everyone involved.. Fact: Isabel Perón was the first female president in Argentina, proving that sometimes, you can inherit a mess and still manage to make it messier..
- Headline: Opera: Bolshoi's 2d ‘War and Peace’. Impact: Bolshoi's 'War and Peace' reimagined the way opera could be consumed, leading to a chain reaction of dramatic interpretations that eventually convinced people that opera was 'cool.'. Fact: The Bolshoi Opera is so grand that they probably have more sequins in their costumes than some entire fashion shows!.
- Headline: African Women: Their Occupations Range From Magazine Editor to Fish Seller.
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)