OCTOBER 19, 1977

Full News Archive

• Headline: New Jersey Casino Regulations Update. Impact: This decision led to a significant decrease in the number of questionable magic shows in casinos, leaving only mildly questionable karaoke nights.. Fact: Did you know that avoiding nude dancers in casinos was once considered a noble cause? Because nothing says 'family-friendly' like slot machines..
• Headline: British Ingenuity, From Disk Brakes to the Beatles. Impact: Acknowledging British ingenuity led to a new trend of wearing bowler hats and drinking tea, which somehow made its way to hipster cafes around the globe.. Fact: Did you know that the Beatles were once mistaken for a group of friendly aliens? Well, they probably weren't far off with those hairstyles..
• Headline: Film: Los Angeles in Myth and Parody. Impact: This film sparked a series of parodies that forever altered the way Hollywood views itself—now everyone thinks they're a comedian.. Fact: Fun fact: Los Angeles has more movie parodies than real-life events, leading to a city where reality and parody are indistinguishable..
• Headline: TREASURY NOTE SALE AVERAGING 727% RATE HIGHEST SINCE 1975. Impact: This rate hike caused grandmothers everywhere to hide their savings under mattresses, thinking it was a safer bet than the stock market.. Fact: Did you know that 727% interest sounds great until you realize it was just a typo? Now imagine the panic calls that followed!.
• Headline: GATT, 30 Years Old, Opens Its New Offices. Impact: The opening of GATT's new offices symbolized a new era of trade agreements, paving the way for future generations to complain about tariffs.. Fact: Did you know GATT stands for 'Greatly Anticipated Trade Talks'? Well, probably not, but it should!.
• Headline: Citicorp Net Falls 11%. Impact: Citicorp’s financial woes shocked the banking world, leading to a new trend of financial advisors giving out pep talks instead of advice.. Fact: Did you know that an 11% drop can feel a lot like a bad haircut? It takes time to grow back, and everyone notices!.
• Headline: Republic Steel's Profit Off 47.6% In Quarter Despite Gains in Sales. Impact: This significant profit drop became a case study in business schools, teaching future CEOs the importance of not counting their chickens before they hatch.. Fact: Did you know that Republic Steel’s profits were once so high, they thought they could retire early? Spoiler alert: They did not..