JUNE 22, 1978

Full News Archive

• Headline: The Crisis of the Steel Industry. Impact: The steel industry’s retreat in the 70s led to a rise in alternative materials. If they hadn’t struggled, we might still be living in houses made of steel rather than wood, and who knows how many more injuries would have occurred during family BBQs!. Fact: This was the era when people started realizing that using steel for everything wasn't the best idea—thank you, science!.
• Headline: Carter's Strategy Against Antitax Movement. Impact: Carter's attempts to combat antitax sentiment might have actually inspired the rise of tax-fighting superheroes in modern political cartoons. A hero with the power of tax evasion? Sounds like a blockbuster!. Fact: Proposition 13 was so popular that it made taxes the hottest topic since disco—everyone loves a good dance-off over their tax returns!.
• Headline: At Youngstown Sheet, Relief but No Joy. Impact: The cautious endorsement in Youngstown marked the beginning of a long love-hate relationship with the economy, creating a generation of pessimistic optimists. They were relieved, but joy? Nah, we can't have any of that!. Fact: The city’s mixed feelings about economic relief were mirrored by the rest of the nation, who were equally uncertain about whether to celebrate or sulk..
• Headline: Article 3 -- No Title. Impact: Koch’s cake-cutting photo is said to have inspired countless politicians to celebrate their own anniversaries with unnecessary public parties, leading to an epidemic of cake in politics that we are still trying to recover from.. Fact: This was probably the only time anyone was excited about discount tickets—because Broadway can be like a budget horror movie!.
• Headline: Close‐out Sale! 42 Summonses! No Bargain!. Impact: This scandalous sale debacle led to the birth of consumer protection laws, proving that even in a world of 'going out of business' sales, someone had to look out for the less savvy shopper—thank you, lawsuits!. Fact: In the end, the only thing that went out of business was the integrity of the stores involved. Shocking!.
• Headline: Tax‐Cut Bill Reduced to $15 Billion. Impact: By paring down the tax-cut bill, Congress set a precedent for future negotiations that would involve more cutting than a bad haircut. Who knew fiscal haircuts could become a national pastime?. Fact: This tax-cut saga is like a never-ending soap opera, complete with dramatic twists and plenty of ‘will they, won’t they’ moments..
• Headline: Carter Starts Antitrust Study. Impact: Carter’s antitrust initiatives led to the rise of corporate accountability, paving the way for future generations to contemplate whether those big companies really had our best interests at heart—or just their bank accounts.. Fact: This antitrust study might just have been an elaborate excuse for lawyers to throw more meetings than anyone could handle..
• Headline: Earthquake Testimony Delayed. Impact: The delay in earthquake testimony at Point Conception might have saved countless lives by preventing a poorly planned LNG terminal. It’s funny how sometimes procrastination can be heroic!. Fact: They say patience is a virtue, but in this case, it might have been a lifesaver. Who knew waiting could be so beneficial?.