Breakthroughs and everyday innovations from the year.
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HEADLINES ON November 8, 1978
Full News Archive
- Headline: Bakshi's Animated Journey to Middle Earth. Impact: Bakshi's animated vision of Middle Earth inspired countless fantasy adaptations, from animated Christmas specials to an influx of D&D campaigns in basements worldwide. Who knew a hobbit could lead to a world of neckbeards and elf ears?. Fact: Ralph Bakshi's animation style was so unique that it made cartoonists question their life choices while looking at their own stick figures..
- Headline: Public Access in Pretrial Hearings Debated. Impact: The Supreme Court's decision on press access to pretrial hearings would ripple through the legal system, eventually leading to a reality show about courtroom dramas. Because who wouldn't want to watch lawyers battling it out over snacks?. Fact: The courtroom drama genre owes much to these kinds of hearings, proving that even legal proceedings can be more entertaining than most sitcoms..
- Headline: ABRAMS IS VICTORIOUS. Impact: Abrams' victory set off a chain reaction of political campaigns focused on charisma over substance, leading to the rise of glittering celebrity politicians who prioritize looks over policies. Because why debate when you can just look good?. Fact: Abrams' victory was so impactful that it inspired future candidates to hire stylists instead of policy advisors. Who needs a plan when you have a nice suit?.
- Headline: A Portrait of Electorate: Large. Young and Reluctant. Impact: The demographic shift in voters highlighted by this article eventually led to more inclusive policies and a slow but sure realization that young voters have more than just avocado toast to offer.. Fact: Politicians still struggle to understand that social media is where the real 'youth vote' lives. Spoiler: It's not in town halls..
- Headline: Wine Talk. Impact: The Los Angeles County Fair's wine competition inadvertently paved the way for the rise of hipster wine bars, where people pay exorbitant prices for beverages they can’t pronounce but feel sophisticated while drinking.. Fact: Wine tasting is just a fancy way of saying 'let's pretend we know what we're talking about while we sip fermented grapes.'.
- Headline: Careers. Impact: The MBA degree hype led to an oversaturation of the market, causing future generations to believe they could solve all problems with spreadsheets, ultimately leading to the infamous 'pivot table' culture.. Fact: The average salary of an MBA graduate might sound impressive, until you realize the student loan debt they carry could fund a small island nation..
- Headline: The Question Of Credibility. Impact: Carey's victory over Duryea became a case study on the importance of credibility, leading future candidates to hire credibility coaches instead of actual policy advisors. Because who needs integrity when you can have a good spin?. Fact: Duryea's campaign strategy was so questionable that it might as well have been written by a team of monkeys on typewriters. Spoiler: It wasn’t..
- Headline: 2 Big Coast Thrift Units Raise Mortgages to 103/4%. Impact: The rise in mortgage rates marked the beginning of a national obsession with home ownership, which later resulted in countless DIY home improvement shows that made everyone think they could renovate like professionals. Spoiler: They couldn’t.. Fact: Mortgage rates hitting new highs often leads to increased purchases of online tutorials on how to build a house with nothing but duct tape and hope..
- Headline: No Longer Tree‐Top Airways. Impact: Tex International's rise from debt-ridden to profitable airline inspired dreams of flying among the masses, leading to decades of cramped airplane seats and people fighting over armrests. A true American dream!. Fact: Airlines becoming profitable often leads to the illusion that they care about customer service. Spoiler: They really just care about the bottom line..
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)