It is illegal to trade onion futures in the United States due to the 1958 Onion Futures Act, after two traders in 1955 purchased 98% of the onions in Chicago and subsequently crashed onion prices while holding short positions on onion futures. en.wikipedia.org/wiki/Oni…
When France increased the price of cigarettes by 66% over an eight-year period, the smoking rate among French executives and professionals declined. However, the smoking rate among manual laborers remained about the same and among the unemployed, it increased. ncbi.nlm.nih.gov/pmc/arti…
In 2001 a Chinese steel firm purchased an entire shuttered steel mill from Germany for its scrap price, disassembled it, shipped it back to China, and reassembled it. Production was resumed in less than two years. news.bbc.co.uk/2/hi/asia-…
The price of bread was commonly regulated across medieval Europe. As bread was essential to the lives of medieval peoples, these laws protected common people from fraudulent bakers en.wikipedia.org/wiki/Ass…
In an effort to avoid raising the nominal price of 5 cents, Coca-Cola had vending machines that would not dispense a coke one out of nine times a nickel was put in. en.wikipedia.org/wiki/Fix…
The actor Vincent Price was a gourmet cook and once demonstrated how to poach a fish in a dishwasher on The Tonight Show. wikipedia.org/wiki/Vincen…
Costco's hot dog has remained $1.50 since it was first introduced in 1984. After the company president complained they were losing money on it, CEO Jim Sinegal put his foot down. "If you raise [the price of] the effing hot dog, I will kill you," Sinegal said. mentalfloss.com/article/5…
A group of participants received a mug and were told they owned it; a second group was only shown the mug. When asked how much they would be willing to sell the mugs for, their asking price was more than twice of the second group. The β€œendowment effectβ€œ; we overvalue what we feel we own. thriveglobal.com/stories/…
Today I learned of tulip mania when in 1630's the price of one tulip bulb rose to about 20 years wages. Everybody got rich and then the last ones in went bankrupt. en.wikipedia.org/wiki/Tul…
In 2015, a museum in Arkansas paid $7.7 million for a conceptual artwork by the late Felix Gonzalez-Torres. It consists of 50 pounds of candy that museum visitors can eat; the price includes the idea only, as the candy needs to be continually replenished. crystalbridges.org/blog/c…
Today I learned about Private David Fagen, a black American soldier who was among the 15 U.S. soldiers who defected to the Philippines during the Philippine-American war, and was apparently so successful fighting American soldiers that a price of $600 was placed on his head. nps.gov/prsf/learn/histor…
Today I learned about Gerald Ratner, CEO of a large UK jewelry and gift company. During a speech he said "People say, 'How can you sell this for such a low price?", I say, "because it's total crap". Β£500 million was wiped off the company value, which nearly resulted in the firm's collapse. en.wikipedia.org/wiki/Ger…
The Hunts built a large, leveraged position in silver in the 1970s, causing a price spike & jeopardize the trading exchanges. Exchanges & US gov't changed rules to limit purchases & discourage lending to speculators. On Silver Thursday, the price collapsed 77% & the Hunts went bankrupt. businessinsider.com/hunt-…
Almost all pianos that are given away for free are not worth the cost of having it moved into your home. The simplest of piano moves will cost a minimum of $250. If you discover it cannot be tuned or fixed, for a reasonable price, then it will cost more to have it disposed masterpianoservices.com/2…
Today I learned of the Hunt Brothers trying to corner the market in silver in 1980. When the price collapsed it almost wiped out large segments of financial markets. en.wikipedia.org/wiki/Sil…
Falernian wine was the most renowned in ancient Rome. In Pompeii, a price list on the wall says "For one [coin] you can drink wine, For two you can drink the best, For four you can drink Falernian" en.wikipedia.org/wiki/Fal…
Microsoft had to fly in the Photographer of the "Bliss" Image (XP Background), because no courier service had an insurance which would have covered the six figure price tag on the Photograph/Original Negative en.wikipedia.org/wiki/Bli…
When YoungKio sold one of his beats to Lil Nas X, the price was just $30. However, the agreement stated that he had 50% of the publishing rights to the finished song - and in this case, he became half-owner of the smash hit "Old Town Road". abcnews.go.com/Entertainm…
Sliced Bread was banned in 1943 with the intention of bringing the cost of bread down after it increased due to flour prices going up. en.wikipedia.org/wiki/Sli…
Trading onion options is illegal. In the 1950’s two traders in Chicago cornered the market by crashing the price of a 50lb bag of onions to lower than the cost of the bag that carried them, leading to a shortage of onions in the U.S. en.wikipedia.org/wiki/Oni…
In the Czech Republic, beer is cheaper than water in pubs, leading its health minister to call on restaurants and bars to offer at least one nonalcoholic drink at a price less than that of beer - but the Czech Hotel and Restaurant Association said that it is ready to fight "excessive regulation" firstwefeast.com/eat/2013…
There is honey called "mad honey" which produces hallucinations. People in Nepal venture through dangerous vertical climbs to gather it. Price per pound is 60$ en.wikipedia.org/wiki/Gra…
Today I learned of Streets of Monaco, a proposed 155-metre yacht that would be fitted with scale models of Monaco's famous landmarks, including a karting track based on the Monaco F1 track. The price tag of the vessel is 1 billion euros. monacolife.net/pictures-s…
The first ever Roman fire brigade was created by Marcus Licinius Crassus. During fires, they would do nothing while Crassus would offer to buy the burning building from the owner at a very low price. If the owner agreed, they would put out the fire. If he refused, they would simply let it burn. en.wikipedia.org/wiki/His…
The first Roman fire brigade was created by Marcus Crassus. 500 men strong. Arriving at the scene, the fire fighters did nothing while Crassus offered to buy the burning building from the owner at a low price. If the owner agreed to sell, they put the fire out. Otherwise they let it burn down. en.wikipedia.org/wiki/His…
The price of pizza has matched, with uncanny precision, the cost of a NYC subway ride for 50 years. Economists have named it "The Pizza Principle." en.wikipedia.org/wiki/Piz…
A man attempted to sue his date for texting throughout the movie they went to. He wanted to sue her for $17.31 which is the price of the movie ticket. thecut.com/2017/05/texas-…
In the Mughal Empire, which ruled South Asia in the 16th-18th centuries, the living standard and per-capita income were higher than in Britain (the highest in Europe); the price of grain was far lower than in Britain; and in 1600, 15% lived in urban areas - in Britain in 1700 it was only 13% en.wikipedia.org/wiki/Mug…
During The Great Depression, crop prices dropped so much some farm families burnt corn instead of coal in their stoves because corn was cheaper. Sometimes the countryside smelled like popcorn from all the corn burning in the kitchen stoves. iowapbs.org/iowapathways/…
Joseph and Jacob Loose, two brothers came up with competing cookies that were essentially the same - Hydrox and the Oreo. For years the Hydrox dominated, until the 1950s when Oreo increased the price and license it for use in other products, like Cookies & Cream ice cream. businessinsider.in/retail…
The 2016 Rio Olympics were a huge financial disaster for Brazil. A $12bn price tag for the venues without any real plan on how to continue has left facilities,used by legendary athletes just years ago, in disrepair. The aquatic center pictured is now drained and filled with dirty puddles businessinsider.com/rio-o…
Many products are getting smaller due to 'shrinkflation', for example Mars shrank its Maltesers, M&Ms by up to 15%. In the past, companies blamed the rising price of raw materials. Recently, these prices dropped back, but the shrinkage continued as manufacturers try to stealthily boost profits independent.co.uk/news/bu…
Shakespeare became wealthy by hoarding grain, and reselling at inflated prices during a period of famine. He used the profits for money-lending activity and was pursued by authorities for tax evasion and was prosecuted for hoarding grain. independent.co.uk/arts-en…
In 1824 the Malay rulers of Singapore transferred the island over to the British for the price 20,000 Spanish dollars. mothership.sg/2019/03/raf…
Irish Actor Stephen Rea, who played an IRA soldier in The Crying Game (1992), was married for 17 years to convicted IRA bomber Dolours Price en.wikipedia.org/wiki/Ste…
Today I learned about the Southern Bread Riots. Mostly women, protesting huge surges in food costs during the Civil War, rioted in Richmond, VA with chants of "bread or blood!" Food prices had soared to prices ten times higher than normal in many instances. Among the items stolen was 500 lbs of bacon. history.com/news/bread-or…
After the pandemic began, many investors purchased the wrong Zoom stock, getting shares in a defunct Chinese hardware company, instead of the calling app, Zoom Video Communications. This meant that the wrong Zoom stock price soared by 1800% before the SEC stepped in. nasdaq.com/articles/the-s…
That, in Canada, prescription drug prices are not set. The cost per pill varies from one pharmacy to another (in addition to the varying dispensing fees). globalnews.ca/news/315379…
Besides from his acting Vincent Price was a Gourmet Cook mentalfloss.com/article/5…
While Apple was buying rural land for a new building, one couple refused to sell their 1 acre plot of land they had originally purchased for $6,000. After rejecting every single offer, Apple just told them to name a price. They sold it for $1.7 million. gizmodo.com/old-couple-se…
Lexus offers a Kiriko glass trim package that adds $23,080 to the price of the $80,000 sedan. lexusenthusiast.com/2018/…
Many products are getting smaller due to 'shrinkflation', for example Mars shrank its Maltesers, M&Ms by up to 15%. In the past, companies blamed the rising price of raw materials. Recently, these prices dropped back, but the shrinkage continued as manufacturers try to stealthily boost profits independent.co.uk/news/bu…
The US government created a raisin cartel that was run by raisin companies, which increased prices by limiting the supply, and forced farmers to hand over their crops without paying them. The cartel lasted 66 years until the Supreme Court broke it up in 2015. en.wikipedia.org/wiki/Nat…
Alan Turing once bought 150lbs of silver, but didn't trust banks so he buried it in the woods instead. After the price of silver had almost doubled, he went to dig it up, but could no longer find it. reuters.com/article/us-ma…
In 1803 Hatian Revolutionary general Jean-Jacques Dessalines wrote to Thomas Jefferson proposing an alliance w/ the US, saying like Americans they were "tired of paying w/ our blood the price of our blind allegiance to a mother country that cuts her children’s throats". Jefferson never responded theconversation.com/meet-…
47% of random numbers found in real life (restaurant prices, city populations, goals or touchdowns scored, etc.) begin with a 1 or a 2. This is Benford's law. It's used to detect tax fraud. mathworld.wolfram.com/Ben…
In 2003, a woman found a stolen painting worth $1 million in the trash on a NYC curb. She felt it "had power" and took it without knowing its origin or value. She spent 4 years researching it and discovered it’d been stolen in 1987. She got a $15,000 reward plus a % of its $1,049,000 sale price. en.wikipedia.org/wiki/Ruf…
When one of the cars of the Norwegian Nazi collaborators, the very luxurious Mercedes-Benz 770, was put up for sale, no one was willing to buy such a car even at a price as low as KR 50, and it ultimately was scrapped. en.wikipedia.org/wiki/Mer…
On 2 April 1993, Philip Morris caused their stock price to fall 26% after announcing a 20% price cut to Marlboro cigarettes to fight back against generic competitors. Investors interpreted the price slash as an admission of defeat and the event became known as Marlboro Friday. en.wikipedia.org/wiki/Mar…
During the last Viking invasion of England King Harold Godwinson offered the Norwegian king Harold Hadrada "Seven feet of English soil, as he taller than other men" as his price for halting the invasion, a taunt which he delivered in person and alone. en.wikipedia.org/wiki/Bat…

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