Breakthroughs and everyday innovations from the year.
HEADLINES ON January 17, 1978
Full News Archive
- Headline: Koch's Hiring Freeze and Budget Cuts. Impact: The hiring freeze initiated a long-standing tradition where NYC officials would secretly meet in cafés to brainstorm creative names for budget cuts, leading to the infamous 'Coffee Cup Reduction Act' of the 90s.. Fact: Fun fact: Cutting appropriations actually inspired a new genre of motivational posters - 'Dream Big, Cut Hard!'.
- Headline: Submarine Ling Memorial Designation Ceremony. Impact: The designation of the submarine Ling as a memorial sparked a nationwide trend of underwater memorials, eventually leading to the creation of underwater yoga classes for stressed-out divers.. Fact: Submarine memorials were once considered a great way to hide from your problems... until the fish started to complain..
- Headline: Attacks on Sorority Sisters in Tallahassee Were the Latest of Several on Women in Florida. Impact: The response to these attacks galvanized a movement for women's safety that eventually led to the establishment of 'Sisters United', which ironically became a popular name for a line of self-defense keychains.. Fact: Did you know that the most common reaction to attacks is a sudden urge to binge-watch true crime documentaries?.
- Headline: Recital: Gwyneth Jones in Debut. Impact: Gwyneth's debut at Carnegie Hall inspired a new wave of opera singers who believed they could achieve fame by simply singing in the shower, leading to a series of viral videos that revolutionized bathroom acoustics.. Fact: Fun fact: Gwyneth’s debut was so powerful that it reportedly caused several houseplants in the audience to bloom prematurely..
- Headline: F. Lee Bailey Barred as Counsel In Gross's Plea to Erase Verdict. Impact: Bailey's legal troubles inadvertently led to the formation of a secret club for disgraced lawyers who swap stories about their most embarrassing cases, sparking a new genre of legal humor.. Fact: Fun fact: F. Lee Bailey once convinced a parrot to act as a legal assistant; unfortunately, it only repeated 'guilty'..
- Headline: Tedd Joselson Gives Piano Recital. Impact: Joselson's recital inspired a wave of amateur pianists to start giving recitals in their living rooms, leading to an explosion of unsolicited family performances that forever altered Thanksgiving dinners.. Fact: Did you know that Tedd’s piano playing is so captivating that it once caused a neighbor’s cat to take up drumming?.
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)