Breakthroughs and everyday innovations from the year.
HEADLINES ON July 27, 1978
Full News Archive
- Headline: The Rise of Max Greedy in History. Impact: Max Greedy's insatiable appetite for more led to the creation of the first-ever 'Greed Olympics,' where competitors strive to amass wealth through increasingly ludicrous means, including competitive hoarding and extreme couponing.. Fact: Did you know that Max Greedy's name is now synonymous with the phrase 'over-the-top ambition'? Sounds like a fun dinner party!.
- Headline: Formation of M-P-M Enterprises. Impact: The formation of M-P-M Enterprises sparked a theatrical revolution, leading to a bizarre world where every production featured a talking animal, because why not? It's not like we have enough of those already.. Fact: Fun fact: The first production by M-P-M featured a raccoon as the lead actor. Spoiler alert: It won an Oscar for 'Best Performance by a Rodent.'.
- Headline: Early Insertion of Embryo Into Womb Is Linked to Successful Gestation. Impact: This medical breakthrough set off conversations on embryonic rights, leading to the establishment of the world's first 'Womb Olympics,' where embryos compete for the title of 'Most Likely to Succeed.'. Fact: Interestingly, the practice of early embryo insertion later inspired a TV show called 'Embryo Idol'—the ratings were through the roof (or the womb?)..
- Headline: Folk: Susan Reed Sings of Auvergne. Impact: Reed's performance ignited a folk music revival, leading to a trend where every person suddenly believed they could play the banjo, resulting in countless family gatherings where no one could hear themselves think.. Fact: Did you know that Susan Reed's concert was so popular that it was said to have brought about the 'Great Banjo Shortage of '78'? Who knew folk music could be so destructive?.
- Headline: Trade Gap Of U.S. Cut 50% in June. Impact: The halving of the trade gap sent shockwaves through the economy, giving rise to a trend of thriftiness that would later inspire an entire generation to take up extreme couponing as a competitive sport.. Fact: In 1978, people actually believed they could save money by not buying anything. Spoiler: It didn't last long..
- Headline: Carey Planning to Appoint Black To State Financial Control Board. Impact: This appointment was a crucial step toward diversity in governance, leading to an avalanche of similarly diverse appointments that made politicians realize they could no longer just pick their college buddies.. Fact: Surprisingly, the control board later became a popular reality show called 'Politicians in Charge,' where incompetence was the main theme—unfortunately, it was too realistic to garner a following..
- Headline: 2 Champion Chess Duelists Use Seconds, and Thirds, Too. Impact: The use of seconds and thirds in chess led to an unexpected popularity of chess as a blood sport, where spectators began betting on whether a pawn would survive the game.. Fact: Chess became so intense that a documentary titled 'Pawn Sacrifice: The Reckoning' was made, featuring dramatic reenactments and slow-motion captures of pawns falling off the board..
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)