Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON July 15, 1978
Full News Archive
- Headline: Speed Curbs on A-37 B Dragonfly Bombers. Impact: The limits imposed on the A-37 B Dragonfly light bombers led to a generation of pilots who became accustomed to flying at suboptimal speeds, ultimately inspiring the 'Slow and Steady' motto in both aviation and tortoise races worldwide.. Fact: Did you know that the A-37 was originally designed as a counter-insurgency aircraft? Because nothing says 'I’m here to handle a war zone' like a plane that can’t go fast!.
- Headline: Unique Drunken Driving Incident in Jersey City. Impact: Johnny Ivy’s drunken horse riding incident sparked a nationwide movement for sober equestrianism, leading to the first-ever 'Designated Rider' campaigns. Horses everywhere rejoiced.. Fact: Did you know that riding a horse while intoxicated is considered a crime in many places? Yet somehow, it's still less frowned upon than driving a car!.
- Headline: Books of The Times Vietnam Generation. Impact: Herbert Mitgang’s exploration of the Vietnam Generation inadvertently prompted future generations to add ‘what were we thinking?’ to their cultural retrospectives, creating a long-lasting ripple of existential crises.. Fact: Did you know that the term 'Vietnam Generation' doesn't just refer to the war? It also includes every awkward family dinner where someone brings it up..
- Headline: City Pension Funds Tie Loan to a Pending Tax Bill. Impact: The indecision of NYC's municipal pension funds resulted in a long-standing tradition of financial procrastination, paving the way for future generations to become experts in avoiding commitments.. Fact: Did you know that the phrase 'I'll get back to you' was coined during discussions of city funding? It’s now a universal excuse for procrastination..
- Headline: Auerbach Turns Down Offer to Be Knicks’ President. Impact: Red Auerbach’s refusal to join the Knicks solidified his status as a Celtics legend, indirectly influencing future basketball rivalries and the invention of the phrase, 'Always pick the winning team.'. Fact: Did you know that Auerbach’s decision not to be with the Knicks was the universe's way of ensuring that New York would always have at least one sports team to laugh at?.
- Headline: A Rare Bar Mitzvah in Khartoum. Impact: The rare Bar Mitzvah in Khartoum became a historic event that led to increased cultural exchanges, eventually inspiring a reality show called 'Bar Mitzvah Around the World'—yes, that’s a thing now.. Fact: Did you know that Bar Mitzvahs can be so extravagant that some families hire live bands and acrobats? Because why not celebrate coming of age with a circus?.
- Headline: Albany Leaders Draw Tough Bill On Youth Crime. Impact: The agreement on youth crime trials for kids as young as 13 set a precedent that would echo through legal systems, resulting in a future generation of teenage lawyers who didn’t know the difference between a brief and a backpack.. Fact: Did you know that in some places, kids can be tried as adults? Which is great news for the youth who dream of becoming lawyers... or just really good at getting into trouble..
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)