Breakthroughs and everyday innovations from the year.
HEADLINES ON December 21, 1978
Full News Archive
- Headline: Massive Fuel Leak Near Puerto Rico. Impact: This disaster led to the creation of more stringent environmental regulations in the Caribbean, which eventually inspired a new wave of eco-conscious hipsters who traded their surfboards for oil spill response kits. Who knew a fuel leak could spark a trend in sustainable living?. Fact: You know, 600,000 gallons of spilled oil is roughly enough to fill about 30,000 bathtubs. So, if you're ever in a pinch and need to bathe in fuel oil, Puerto Rico had you covered!.
- Headline: Jaycees Dispute Over Women Members. Impact: This lawsuit was the pebble that started the avalanche of women’s rights movements in organizations everywhere, leading to the inevitable creation of 'Women in Business' networks that spawned more networking events than anyone can handle. Thanks, Jaycees!. Fact: Fun fact: The Jaycees are known for their motto 'Leadership Development for Young Adults.' Apparently, this did not include the leadership to let women join. Whoops!.
- Headline: Carey Barring Role on City U. Head. Impact: Governor Carey's indecisiveness resulted in a leadership vacuum that led to a series of uninspired decisions at City University, ultimately giving rise to a generation of students who believed coffee-fueled all-nighters were a legitimate study strategy.. Fact: It's fascinating how political indecisiveness can lead to unqualified leadership—reminds you of certain modern-day scenarios, doesn't it?.
- Headline: Quentin Crisp in Monologue. Impact: Crisp's monologue was a catalyst for the LGBTQ+ movement in the arts, inspiring countless individuals to embrace their quirks and share their stories, eventually leading to an explosion of fabulousness in theater that no one was prepared for.. Fact: Quentin Crisp once said, 'I think that I am the only person who has ever been able to be a homosexual in public.' Well, he certainly set the bar high!.
- Headline: Head of OTB Charges Abuses by Predecessor. Impact: This scandal kicked off a chain reaction of accountability in corporate governance, leading to the widespread adoption of the phrase 'paper trail' as a euphemism for 'we're definitely not covering up that mess.'. Fact: OTB stands for 'Off-Track Betting,' which is hilarious because it sounds like the perfect place to place a bet on how long before the next scandal erupts!.
- Headline: Article 2 -- No Title. Impact: Jack Nicklaus receiving the Sports Illustrated trophy sparked a generational obsession with golf, ultimately leading to the annual tradition of watching people in funny pants chase a tiny ball while pretending it’s exciting.. Fact: Did you know Jack Nicklaus is often referred to as 'The Golden Bear'? That’s a nickname that could have easily backfired if he ever decided to take up wrestling!.
- Headline: U.S. Phone Bill Queried. Impact: The questioning of AT&T's rates eventually led to a decade-long debate about fair pricing in telecommunications, resulting in the innovation of texting—because who really wants to talk on the phone anyway?. Fact: It's amusing to think that phone bills used to be a straightforward affair. Now, we just pay for unlimited plans and argue over who gets to use the Wi-Fi!.
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)