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 November 30, 1978
Full News Archive
- Headline: Wage Plan Compliance Requirements Introduced. Impact: This wage plan compliance requirement ignited a corporate panic, leading to the invention of a new genre of motivational posters: 'Comply or Die.' Surprisingly, they didn't help morale.. Fact: The SEC has since evolved, now requiring disclosures for everything from wage plans to whether your CEO has a pet iguana..
- Headline: Met Opera Reports Financial Stability. Impact: The Met's financial stability gave rise to an influx of opera-loving millionaires, which led to the bizarre trend of opera-themed cocktail parties. Who knew arias and martinis could mix?. Fact: In an alternate universe, the Met Opera became known for its popular opera-themed cooking classes. They still have yet to find a way to make 'boiling water' sound dramatic..
- Headline: 8 Food Places Cited as Violators Of New York City's Health Code. Impact: These health code violations led to an unexpected rise in street food, as disgruntled chefs began to rebel by creating gourmet food trucks. Some say, without this rebellion, we might never have known the glory of fusion tacos.. Fact: New York City’s health code violations inspired a hit TV show called 'Kitchen Nightmares,' which was ironically not filmed in kitchens..
- Headline: SMITH ADMITS GUILT IN LAIN‐FIRM FRAUD. Impact: Peter P Smith's guilty plea triggered a series of scandals that became the basis for the subsequent hit podcast 'Fraudulent Follies,' which inspired a generation to consider if crime could really pay—spoiler: it does not.. Fact: In the world of legal drama, this case was so sensational that it inspired a dozen knock-off courtroom dramas, none of which were remotely accurate..
- Headline: Teacher Union Seeks To Organize Workers In Health Professions. Impact: The AFT's push to organize health-care workers led to the surprising rise of unionized yoga instructors. Who knew that downward dog could come with a side of collective bargaining?. Fact: Organizing health-care workers in 1978 led to the creation of the world's first union-approved coffee break. Workers united for caffeine!.
- Headline: Ceausescu Seeks Support Of Party Against Moscow. Impact: Ceausescu's defiance of the USSR created a ripple of nationalist movements across Eastern Europe, inadvertently leading to the rise of some truly questionable fashion trends in the 1980s—who knew communism could inspire leg warmers?. Fact: Romania’s resistance to Moscow is often overshadowed by its later fame as the birthplace of Dracula. Talk about a political shift!.
- Headline: Study Finds Use Of Drugs Moves To the Suburbs. Impact: This alarming trend of drug use moving to the suburbs led to a nationwide epidemic of cookie-baking parties, as parents tried to distract their teenagers with baked goods. Spoiler: it didn't work.. Fact: In 1978, suburbs were so innocent that a teenager could get grounded for merely suggesting they might try drugs—talk about a culture shock!.
- Headline: Equity Library Theater Seeks Home. Impact: The Equity Library Theater's search for a new home ignited a fierce bidding war between hipster coffee shops and community theaters, culminating in the rise of the 'artisanal theater experience'—complete with gluten-free popcorn.. Fact: The quest for a new theater home led to a bizarre trend where every performance had to be accompanied by a craft beer tasting. 'Shakespeare with a Stout,' anyone?.
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)