Breakthroughs and everyday innovations from the year.
HEADLINES ON June 13, 1978
Full News Archive
- Headline: High Stakes for World Cup Viewing. Impact: The high price of World Cup TV sparked a revolution in sports streaming. Decades later, fans would be streaming games on their smartphones while simultaneously ignoring their families.. Fact: Did you know that some people still believe watching a game on TV is better than attending live? Bless their hearts..
- Headline: Carter's Nuclear Policy for Nonnuclear States. Impact: This assurance created a ripple of misplaced confidence that would lead to a series of nuclear negotiations, ultimately resulting in a game of nuclear chicken that is still being played today.. Fact: Fun fact: it turns out assurance doesn't stop actual nuclear weapons from being developed. Who knew?.
- Headline: Jack Powers Resigns as Manhattan Coach. Impact: Powers' resignation led to an unforeseen change in the coaching landscape, resulting in a bizarre chain of events where a player became a coach and then a reality TV star. The sport was never the same.. Fact: A little known fact: resigning from a job often leads to better opportunities... or just a lot of regret..
- Headline: Soviet, Retaliating, Publicizes Case Against Woman Linked to C.I.A.. Impact: The publicizing of this case set off a wave of distrust that would lead to a series of spy movies where every main character was a secret agent. Thanks, Hollywood!. Fact: Did you know that the CIA has more plot twists than a soap opera? Talk about drama!.
- Headline: SOVIET OFFERS PLAN FOR REDUCING FORCES IN CENTRAL EUROPE. Impact: The Soviet proposal for troop reductions was a pivotal moment that had everyone thinking peace was possible. Spoiler alert: it wasn't, and it would lead to more military buildup in the years to come.. Fact: Interestingly, mutual agreements often end in 'mutual misunderstandings.' Great job, everyone!.
- Headline: Algur Hurtle Meadows, at 79; Turned Oil Concern Into Empire. Impact: Meadows' journey from oil concern to empire paved the way for future entrepreneurs, making it seem like anyone could just strike it rich. Spoiler: They can't.. Fact: Did you know that starting an empire typically involves a lot of hard work? Just ask any self-made millionaire, or don't—it's boring..
- Headline: Soviet Gymnastic Star Now Has New Value. Impact: Turischeva’s stamp-selling venture led to the unexpected popularity of Olympic memorabilia, which eventually became a lucrative market for collectors. Who knew stamps could be worth more than just postage?. Fact: Fun fact: Gymnasts often have more impressive careers post-retirement than they ever did on the mat. Go figure!.
- Headline: RHODESIAMILITARYCENSORS 2 ON GOVERNING COUNCIL. Impact: The censorship in Rhodesia set a precedent for media control that influences governmental practices worldwide, leading to the phrase 'freedom of speech' becoming a punchline.. Fact: Fun fact: The only thing more censored than a bad movie is the news in a dictatorship. Keep those opinions to yourself!.
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)