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 January 16, 1978
Full News Archive
- Headline: Dallas Triumphs Over Denver in 1978. Impact: In a bizarre twist, the Dallas victory led to a series of unqualified sports analysts gaining fame, resulting in an entire generation believing that sports knowledge could be acquired through binge-watching reality TV. Today, we have people arguing over the merits of a tackle while simultaneously debating the latest TikTok dance.. Fact: The only thing more surprising than a Dallas win was the fact that no one got arrested. I guess they were too busy enjoying the game?.
- Headline: Fed's Dollar Support Measures Disappoint Analysts. Impact: The Fed's attempts to aid the dollar sparked a global panic where people started hoarding dollars like they were the last remaining packets of ketchup in a fast food joint. This ultimately led to the invention of the phrase 'currency hoarding' in all its ironic glory.. Fact: Financial analysts are like the weather: they predict doom and gloom, but somehow still manage to collect their paychecks regardless of the forecast..
- Headline: 3 Developers Plan Major Shopping Centers Near the Sports Complex',. Impact: These shopping centers became a playground for consumerism, eventually leading to the phenomenon of 'retail therapy,' which is now a widely accepted excuse for impulse buying. Thanks, developers!. Fact: Building shopping centers near sports complexes is the adult version of sending kids to a candy store. Because nothing says 'healthy living' like a post-game hotdog and a shopping spree..
- Headline: Casino Sale Seen as Step to Liquidation of Hughes Gaming Interests. Impact: The sale of Hughes Gaming Interests kickstarted a chain reaction in the gambling industry, where suddenly everyone and their grandma thought they could be casino moguls, leading to a reality show that we all regret watching.. Fact: Hughes's losses were so staggering that even his accountant had to take a long, hard look at their life choices..
Wall Street Time Machine
WMT
Walmart
Walmart - If you invested $1,000 in 1978, it would be worth $7,945,492 today (7945.5x return)
INTC
Intel
Intel - If you invested $1,000 in 1978, it would be worth $199,890 today (199.9x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1978, it would be worth $423,037 today (423.0x return)