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HEADLINES ON October 14, 1977
Full News Archive
- Headline: Nobel Prize in Medicine Awarded in 1977. Impact: The development of radioimmunoassay not only revolutionized medical diagnostics but also led to a series of increasingly convoluted medical tests that now require a PhD to understand. This butterfly flapped its wings, and suddenly everyone needed a lab coat and a degree to know if they had a cold.. Fact: Did you know that the Nobel Prize in Medicine is often awarded to people who discover things that make others feel really bad about their own lack of medical knowledge? Yeah, thanks for the reminder, Nobel Committee!.
- Headline: Versatile Applications of Yalow's Nobel Test. Impact: Yalow's test ushered in an era of medical advancements that allowed doctors to diagnose everything from allergies to existential dread. The ripple effect? A world where Google is now our physician, and WebMD has replaced actual doctors for many.. Fact: Fun fact: Yalow's test was so versatile that it could probably diagnose why your last relationship failed. Just kidding! But I bet it could help you find out if you’re just allergic to commitment..
- Headline: Temporary Rate Increase Approved for NY Telephone Co. Impact: The temporary phone rate increase led to a chain reaction of consumer outrage that eventually resulted in the rise of texting. Because when you can’t afford to call your friends, you just start sending passive-aggressive texts instead.. Fact: Did you know that payphones used to be a thing? Now they’re mostly just sad metal boxes standing around, like the last person at a party who doesn’t know when to leave..
- Headline: Walkout Over Container Shipping Traced to Ruling by Labor Board. Impact: This walkout over container shipping not only affected the shipping industry but also encouraged workers in various sectors to realize that they could actually unite and, shocker, demand better working conditions. Who knew that a bunch of longshoremen could spark a labor revolution?. Fact: Labor Board rulings in the '70s were so impactful they could probably have their own reality TV show: ‘Real Workers of the Shipping World.’ Trust me, it would be a ratings smash!.
- Headline: Congress Acts on Health Care Fraud. Impact: Congress's delay on health care fraud monitoring meant that the fraud continued, creating a health care system so convoluted that it makes assembling IKEA furniture look like a walk in the park. And don’t get me started on the paperwork!. Fact: Did you know that 'health care fraud' sounds way more glamorous than it actually is? It’s less ‘Ocean’s Eleven’ and more ‘How to Lose Money in Healthcare 101.’.
- Headline: Mondale to Visit New Hampshire. Impact: Mondale’s fundraising visit was the catalyst for many politicians to realize that money is the true currency of power. This led to the rise of political fundraising dinners, where the food is terrible but the conversations are about how to squash your opponents.. Fact: Fun fact: If you ever wondered what the 'D' in Democrat stands for, it’s likely 'Dollars.' Because let’s be real—money talks, and it’s fluent in politics!.
- Headline: Top Swiss Court Rules Women Civil Servants Rate Same Pay as Men. Impact: The Swiss Court ruling on equal pay not only improved conditions for women in Switzerland but also sent shockwaves across the globe, prompting countless discussions on gender equality. Who knew a court ruling could spark a worldwide movement? Talk about a legal butterfly effect!. Fact: Did you know that Switzerland is known for its chocolate and neutrality? Now they can add 'equal pay' to that list. Guess it's time for other countries to step up their game!.
- Headline: Ship Groups Meet To Seek a Solution In Docks Walkout. Impact: The meeting of shipping companies to resolve the docks walkout eventually led to an industry-wide realization that striking workers could actually, you know, have a say in their working conditions. A novel idea, right?. Fact: Fun fact: Shipping companies meeting to solve disputes is like a group of cats trying to negotiate a truce over a laser pointer. Spoiler: It rarely ends well..
- Headline: World News Briefs. Impact: The Defense Department's approval for full production of the F-16 fighter jet not only escalated military spending but also set off a friendly competition between nations to outdo each other in aerial firepower. Because what’s more fun than a game of 'My Jet is Bigger Than Yours'?. Fact: Did you know that the F-16 has been around for so long it probably has its own social security number? It's like the grandparent of fighter jets, still trying to prove it can keep up with the younger models..
- Headline: Italy Moves to Aid Women. Impact: Italy’s move to aid women in the workforce sparked a wave of similar legislation across Europe, proving that even a country known for pizza and pasta recognizes that women should get paid for their work. Who knew they could multitask?. Fact: Did you know that Italy has more laws about pasta than equal pay? Okay, that's not true, but with the amount of time it takes to pass some of these laws, you’d think they were waiting for the perfect spaghetti sauce!.
Wall Street Time Machine
WMT
Walmart
Walmart - If you invested $1,000 in 1977, it would be worth $10,678,835 today (10678.8x return)
INTC
Intel
Intel - If you invested $1,000 in 1977, it would be worth $199,890 today (199.9x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1977, it would be worth $414,492 today (414.5x return)