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 July 26, 1978
Full News Archive
- Headline: Consultant Guilty in Overmyer Fraud Case. Impact: If Murray J Guy hadn't taken that detour into bankruptcy fraud, maybe future consultants would have thought twice before pulling similar stunts. Instead, we ended up with a whole generation of shady consultants operating under the radar. Thanks, Murray!. Fact: Fraud cases like this one are the reason we have a 'consultant' for everything now. Ever heard of a 'consultant' for choosing a pizza topping? Yeah, that's a thing..
- Headline: Historic Bipartisan Federal Loan Agreement. Impact: The handshake between Rosenthal and Moorhead is what started the trend of politicians shaking hands so much that it led to the invention of hand sanitizer. Now we can't escape the sticky stuff!. Fact: The handshake was originally meant to show you weren’t hiding a weapon. Now it just shows you have good hygiene... or at least a nice bottle of sanitizer nearby..
- Headline: Economic Rein Urged for U.S. in 1979. Impact: The advice to reduce economic growth and raise unemployment might have seemed wise at the time, but it just paved the way for economic advisors to become the most sought-after party guests, armed with 'I told you so' anecdotes.. Fact: If you think inflation is bad now, just imagine trying to explain it to someone in the 18th century! 'You see, the price of bread is rising... again.' They’d just hand you a loaf and say, 'Here, have this instead.'.
- Headline: ACCORD IS REACHED ON OIL‐SEARCH BILL. Impact: The agreement on regulating offshore oil and gas development led to an increase in environmental regulations, which ultimately resulted in the rise of hipsters who refuse to use plastic straws because they think it’s cool.. Fact: This bill was the precursor to all those 'save the turtles' campaigns. Who knew oil regulation would lead to an obsession with marine life and reusable bags?.
- Headline: Andreas a Man in the Spotlight. Impact: Dwayne O Andreas's past dealings with illegal contributions likely inspired future generations of politicians to be more creative with their fundraising methods. Let’s just say, the bar was set high for ‘creative financing’!. Fact: Andreas’s story is a classic reminder that money and politics have always been best friends – or at least, they should be, unless you want to end up in a legal battle..
- Headline: Backlogs in Bulk Mail Result From Walkouts. Impact: The postal workers’ walkouts set off a chain reaction that led to the rise of email, which ironically has now created a new backlog in spam. Who knew walking out could lead to an inbox explosion?. Fact: The only thing slower than bulk mail during this backlog? The time it takes for your aunt to learn how to use email properly..
- Headline: A Gathering of Sweeps. Impact: The gathering of chimney sweeps united them in their craft, potentially leading to the invention of the modern cleaning crew. Now, instead of just cleaning chimneys, they can clean your entire house... for a price.. Fact: Chimney sweeps used to be the rock stars of their time. But can you imagine a world where they had groupies? 'I’ll clean your chimney if you can get me an autograph!'.
- Headline: Police Arrest Suspect in Hijacking. Impact: The arrest of Anthony Lucido might have temporarily halted one hijacking, but it inadvertently inspired many future crime dramas – the kind that keep you on the edge of your seat, wondering if the bad guy will get caught.. Fact: Every time a hijacking story hits the news, a new crime thriller is born. So really, thank you, Anthony Lucido, for the endless entertainment!.
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)