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 31, 1978
Full News Archive
- Headline: Epic Chess Duel Ends in Stalemate. Impact: After 124 moves, the chess game ended in a stalemate, which ironically led to the invention of the phrase 'you can’t win them all,' inspiring countless motivational speakers and self-help authors. The butterfly effect of this event? It led to more people accepting mediocrity in their lives, resulting in a spike in mediocre motivational posters.. Fact: Did you know that chess has been played for over 1,500 years? Imagine all the time wasted on stalemates when people could have been binge-watching their favorite series instead!.
- Headline: NYC's $49 Million Parking Ticket Mystery. Impact: The loss of $49 million due to parking violations led New York City to develop a sophisticated ticketing system. This eventually resulted in the birth of the modern parking app, which ironically caused more people to park illegally, creating a new economic cycle of fines and app revenue.. Fact: Fun fact: The illegibility of those tickets was so bad, they could've been mistaken for abstract art! Who knew parking could lead to a modern-day Picasso?.
- Headline: Investigating Crime in Coal Industry. Impact: The investigation into coal industry crimes sparked a nationwide paranoia about corporate coal barons, leading to the rise of eco-conscious hipsters. Now, every time someone orders a latte, they’re inadvertently supporting anti-coal activism. Go figure!. Fact: It's interesting to note that the coal industry has been linked to more than just energy; it's also fueled countless conspiracy theories and documentaries that people enjoy while pretending to care about the environment..
- Headline: California Pushing Solar Power. Impact: California's push for solar power not only changed energy consumption patterns but also led to an unexpected surge in 'green' fashion. If you think 2020's eco-friendly clothing trends are bizarre, just wait until you see what solar panels inspired in the 80s!. Fact: Did you know that California has more solar panels than the rest of the U.S. combined? That’s right; they’re so bright that they could probably be seen from space. Just don’t tell the aliens about their electric bill!.
- Headline: Grant Debt Settlement Proposed. Impact: The proposed debt settlement in the W.T. Grant case led to a wave of bankruptcy laws that inadvertently empowered small businesses to rise from the ashes of economic despair. Who knew that financial ruin could be a catalyst for innovation?. Fact: Did you know that the name 'W.T. Grant' has become synonymous with bankruptcy? It’s like the history books are saying, 'If you’re going to fail, at least do it with flair!'.
- Headline: ‘BLIND TRUSTS’. Impact: The discussion on blind trusts inadvertently led to the creation of the 'trust fund kid' stereotype, which has plagued society ever since. Who knew financial opacity could birth a whole generation of snarky memes?. Fact: Ironically, blind trusts often have the opposite effect they intend. Instead of minimizing conflicts of interest, they create a new kind of conflict: 'Who’s going to inherit the yacht?'.
- Headline: A Familiar Stranger. Impact: The debate over adoption records opened the floodgates for reality TV shows focused on family reunions, where producers realized that drama and tears are the perfect recipe for ratings. Thank you, Ann Murphy, for paving the way for countless tearful reunions!. Fact: Did you know that over 90% of women opposed the opening of adoption records? Apparently, they preferred keeping their past as mysterious as a poorly-written soap opera..
- Headline: Dissidents in Teamsters Union Meet to Plan Contract Strategy. Impact: The Teamsters' dissidents meeting sparked a revolution in labor negotiations that would later inspire sitcoms about office politics, complete with dramatic contract negotiations and coffee breaks. Who knew labor disputes could be so relatable?. Fact: Fun fact: The term 'Teamsters' is often mispronounced as 'teamsters' by the uninformed public. Because nothing says 'we’re serious about labor' like mispronouncing the name of the organization!.
- Headline: Cable and Pay TV on Eve of Technological Revolution. Impact: The cable and pay TV revolution led to an explosion of reality TV and binge-watching culture, which in turn inspired the creation of couch-potato fitness programs. Who knew watching too much TV could be a workout trend?. Fact: Did you know that cable TV was once considered a luxury? Now it's about as essential as Wi-Fi, which is also a luxury if you live in a cave. Congratulations, humanity!.
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)