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 October 9, 1979
Full News Archive
- Headline: Kuwait Increases Oil Prices by 10%. Impact: This seemingly innocuous price hike triggered a chain reaction leading to the 2008 financial crisis. Who knew a little Kuwaiti oil price increase would send the world into a frenzy of economic chaos? It’s almost as if they were trying to say, 'Hey, we control the world’s gas prices!'. Fact: Did you know that in 2023, people still complain about gas prices while driving their gas-guzzling vehicles? History truly does repeat itself..
- Headline: Commodity Prices Decline After Market Package. Impact: The drop in commodity prices sparked a global trend of people hoarding gold, silver, and toilet paper. Yes, toilet paper became the new currency in 2020, all because of this market slip. Thanks a lot, commodities!. Fact: Fun fact: If you look closely, you can still spot people trying to trade toilet paper in convenience stores as if it's a rare Pokémon card..
- Headline: World News Briefs. Impact: The missing plutonium incident led to an increased obsession with safety in air travel. Thus, the TSA was born. A classic case of 'one man's missing plutonium is another man's security line nightmare.'. Fact: Did you know that the TSA can make you wait longer in line than it takes to fly from one coast to the other? Truly an achievement in efficiency!.
- Headline: Paper Critical of U.S. Is Softened In an Apparent Rebuff to Castro. Impact: This paper’s softening was the beginning of a long, complicated relationship between the U.S. and Cuba, which would eventually lead to a thawing of relations that had everyone saying, 'What took so long?'. Fact: Did you know that political documents are like fine wine? They get better with age, even if they start out as sour as a lemon..
- Headline: World Series Is Fun Again. Impact: The excitement around the World Series revived interest in baseball, leading to a wave of little league sign-ups. Who knew a couple of teams could reignite a love for a sport that was on the verge of being overshadowed by video games?. Fact: Did you know that baseball is the only sport where fans have to pay to watch professionals do what they used to do as kids for free? A real head-scratcher!.
- Headline: Now It's ‘Name’ Jeans For the Under‐10 Set. Impact: The trend of designer jeans for kids paved the way for a world where even toddlers have their own fashion lines. Soon, we’ll be seeing baby runway shows and toddler fashion weeks. Yikes!. Fact: Did you know that kid's fashion is so advanced now that some parents are hiring stylists? Because dressing a toddler in jeans is obviously rocket science!.
- Headline: War Plan, Secret 25 Years, Creates Dilemma for U.S.. Impact: The revelation of this secret plan sent shockwaves through military circles, leading to endless debates on strategy. The irony? It took 25 years to create a plan that probably wouldn’t work anyway. Classic government efficiency!. Fact: Did you know that sometimes the best-laid plans are just a fancy way of saying, 'We have no idea what we’re doing'?.
Wall Street Time Machine
WMT
Walmart
Walmart - If you invested $1,000 in 1979, it would be worth $6,997,064 today (6997.1x return)
INTC
Intel
Intel - If you invested $1,000 in 1979, it would be worth $199,890 today (199.9x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1979, it would be worth $417,979 today (418.0x return)