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…
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…
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/…
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…
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…
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…
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…
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…
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…
Walt Disney originally considered building Disney World in New Orleans, but instead turned it down because he found out that "Florida offered Disney everything while Louisiana’s politicians demanded everything" by jacking up prices for the planned area kpel965.com/was-disney-wo…
Edd Kalehoff, the original composer of "The Price is Right" theme song, was pressured into giving his ASCAP credit to another person and as a result has lost out on millions in royalties over the years. en.wikipedia.org/wiki/Edd…
The rarest stamp in the world (the 1856 British Guiana 1c magenta) - of which only one specimen exists - has broken the world record stamp price each of the last four times it has been sold. It was sold for 6s, Β£120, Β£150, $36,000, $40,000, $280,000, $935,000, and most recently $9,480,000 en.wikipedia.org/wiki/Bri…
The price of university textbooks increased 67% between 2008 and 2018. Some students spend around $500+ a year on textbooks. 80% of the textbook industry is dominated by five publishing companies (Pearson Education, Scholastic, McGraw-Hill Education, Cengage Learning, Houghton Mifflin Harcourt) businessinsider.com/why-c…
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…
As of 2018, it costs the US government 2.06 cents to mint a penny, which results in a $90 million annual loss. Also, because the price of the raw materials from which the penny is made exceeds the face value, pennies are illegally melted down for raw materials. usmint.gov/news?flash=yes…
Today I learned about "The Great Leveler," a book that argues that the greatest redistributions of wealth in history are during times of war, plague, and catastrophe, citing the Black Death and WWI as "actually suppressing inequality, by raising the price of labour." theguardian.com/books/201…
In 2009 an oil futures trader traded 7 million barrels of oil during an "alcohol-induced blackout", causing a loss of nearly $10M to his company and briefly driving the oil price up by over $1.50 per barrel en.wikipedia.org/wiki/Oil…
The most expensive new car ever sold is the Bugatti La Voiture Noire in 2019, which was sold at $18.7 million and its pretax price stands at €11 million or $12.3 million businessinsider.com/bugat…
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…
Today I learned of 6 Psyche, one of the largest asteroids in the asteroid belt is made up of pure metals. At current prices, the metals in the asteroid are estimated to be worth quintillions of Dollar. universetoday.com/142719/…
Former British MP Winston Churchill won a Nobel Price in 1953 - but instead for peace, as he had hoped, he won it for his writing. winstonchurchill.hillsdal…
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…
Van Gogh's Portrait of Dr. Gachet sold at auction for the then record price of $82 million in 1990. Since then it has not been seen in public. Its Japanese buyer threatened to have it burnt with his cremation but it is now believed to be owned by a collector in Switzerland. theartnewspaper.com/blog/…
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…
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…
Today I learned about Vickrey auction, a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second-highest bid. This was first described academically by Nobel winner William Vickrey in 1961. en.wikipedia.org/wiki/Vic…
In 2018, because of rising prices and bad conditions for open access articles, all German universities collectively didn't renew their contracts with Elsevier, the biggest publisher for scientific papers hrk.de/press/press-releas…
Terry Kneiss studied/memorized the prices in every episode of the Price is Right, got on the show, and became the first player in 38 years to name the price of the Showdown Showcase right on the nose. Host Drew Carey was so shaken and certain Kneiss had cheated, his reaction was markedly subdued urbo.com/content/this-guy…
Jcpenney attempted to end its store coupons in 2012 choosing to instead offer its products at highly reduced prices, making coupons unnecessary. It failed miserably and coupons were reinstated because customers needed to feel like they're getting a good deal even if prices are artificially high reuters.com/article/us-jc…
Pat McCormick, head writer for The Tonight Show, streaked across the stage during Johnny Carson's monologue in 1974. (For Golden Girls fans, McCormick was also the drugstore clerk who asked for a price check on condoms. https://youtu.be/BpNS8jYniLY) youtu.be/J4FUg6N7k-k
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…
The top 3 most expensive skateboards ever sold were a collaboration between Tony Hawk & Ben Harper to raise money for skateparks in low income communities. The highest price paid was $38,425 for a skateboard with the lyrics to "Blowin' in the Wind" personnally penned by Bob Dylan on it. moneyinc.com/most-expensi…
In 1982, GM was toying with the idea of developing a car with a turbine engine that ran on coal dust due to the concern over rising oil prices. youtube.com/watch?v=0CAN5…
The Old State House of Bermuda is leased to the Lodge of St.George for the price of one single peppercorn. The peppercorn is delivered to the Governor of Bermuda in an annual ceremony each year. en.wikipedia.org/wiki/Sta…
A chunk of Tissint meteorite, a Martian meteorite that crashed in Morocco in 2011, is worth 10 times the price of gold, at prices ranging from $8,500 to $28,350 per ounce. space.com/14268-rare-mars…
USA spent about 24 billion dollars on the β€œSaturn-Apollo” program until 1969, which would correspond to the sum of about 150 billion dollars today. It was the price to pay to make history, for the first people on the Moon to be American astronauts. needforscience.com/astron…
In 1996, as a loss-leading tactic, British supermarkets competed so heavily on the price of baked beans that one store decided to sell them for MINUS 2p. This period is referred to by economists as The Bean Wars. youtube.com/watch?v=JGI4R…
Teff, the staple food crop of Ethiopia, is a highly nutritious "superfood" like quinoa. After US and European health food trends created a huge demand for quinoa, prices skyrocketed in Bolivia, where it is a staple food. Fearing their own food shortage, Ethiopia banned the export of teff in 2006 edition.cnn.com/2015/12/1…
World’s first 1 GB hard drive was announced by IBM in 1980. Its price was of $40, 000! geeksforgeeks.org/cool-te…
Caligula once tricked a man into buying 13 gladiators for the high price of 9 million Roman sesterces. He had been selling off some gladiators to replenish the Roman treasury, when he saw a man fall asleep at the auction. He told the auctioneer to consider each of the mans nods as a bid. en.wikipedia.org/wiki/Mar…
David Werder sat on a flagpole for over a year to protest gas prices in 1982-1984 en.wikipedia.org/wiki/Pol…
Some retailers who price match, purposely change the model numbers on some electronic items and appliances so they won't have to accept your price match inquiry, even if they item has the same model number in their product photos as another retailer. today.com/money/6-ways-re…
Photoshop 1.0 was released on February 19, 1990 for Macintosh exclusively at a price of $895. At the time of release, it cost around $300 an hour for basic photo retouching. Photoshop became available for Microsoft Windows in 1993 where it would reach global audiences within a few years. en.wikipedia.org/wiki/Ado…
Lobster used to be Peasant Food until the Mid 1800's because trains and Canned Lobster made it more available thus driving up the price and making it a delicacy businessinsider.com/the-h…
The Australian Kangaroo 1 tonne gold is the largest bullion coin in the world made of 99.99% gold and weighing 1 tonne or 35,274 ounces, 80cm wide and more than 12cm deep. At today’s (May 26, 2020) gold price ($1,710.42USD) this coin is worth $‭60,343,937 USD. perthmint.com/1-tonne-gol…
Dick Van Dyke got his first TV job as a game show host for the original The Price Is Right in 1956 newnetherlandinstitute.or…
In the 1910s, an encyclopedia company gave away tracts of land in Huntington Beach, California, with every $126 encyclopedia set purchased. Today, the median home price in the area is close to a million dollars. latimes.com/archives/la-x…
In 2018, a man plotted to plant small bombs in Target stores disguised in food packages. His goal was to create bad publicity for Target, which would lower stock prices and allow him to buy cheap shares before they rebounded. He was caught after paying someone else to plant the bombs. nbcnews.com/news/us-news/…
In 2005, a Japanese stockbroker set the value of J-Com’s share price to one yen for 610,000 shares, when he was supposed to have set it to 610,000 yen for one share. That error costed J-Com 27 billion yenβ€”or about $236 millionβ€”which was the near equivalent to their previous years’ total income. news.bbc.co.uk/2/hi/busin…
Today I learned about shrinkflation, the practice of stealthily reducing a product's size while maintaining its price so that consumers may unknowingly pay the same for less. According to the UK’s Office of National Statistics, 2,529 supermarket products decreased in size or weight between 2012 and 2017. bbc.com/capital/story/201…
Intermarche supermarkets in France offered a 70% discount on Nutella, bringing the price down from €4.50 to €1.40. This led to riots & violence in stores. One customer claimed 'They are like animals. A woman had her hair pulled, an elderly lady took a box on her head, another had a bloody hand.' bbc.co.uk/news/world-euro…
Due to OpenReach, all broadband and telephone companies have access to BT cables in the UK. This helps to ensure more competition in the broadband industry and has the long-term benefit of keeping broadband prices low. en.wikipedia.org/wiki/Ope…
Because American textbooks are sold at a lower price in Thailand, somebody was reselling them in the US and making enough of a profit to get sued by the publishers, the Supreme Court ultimately ruled against the publishers because the "first sale" doctrine applies everywhere, not just the US en.wikipedia.org/wiki/Kir…
Thanks to skyrocketing real estate prices, Manhattan gas stations are worth much more than the money the owner can make selling gas. wnyc.org/story/say-goodby…
A bakers dozen is comprised of 13 because in medieval England there were laws that related the price of bread to the price of the wheat used to make it. Bakers caught cheating customers by overpricing undersized loaves were punished. For fear of coming up short, they would throw in extra. mentalfloss.com/article/3…
The 1929 stock market crash was a result of an unsustainable boom in share prices in the preceding years. The boom in share prices was caused by the irrational exuberance of investors, buying shares on the margin, and over-confidence in the sustainability of economic growth. en.wikipedia.org/wiki/Wal…
Today I learned about Tulip Mania, during the 17th Century Dutch Golden Age, when prices for some tulip bulbs skyrocketed. Many think it is one of the first speculative bubbles to pop, but some historians believe it has been exaggerated over time. history.com/news/tulip-ma…
Live squirrel monkeys were advertised - for real - for sale on the back of comics and magazines in the late 60’s/early 70’s. They sold for the low low price of $18.95. Many were purchased by children. Many of the monkeys attacked when opened. The attached is just one account. npr.org/2014/04/25/306868…
Today I learned about Ted Slauson who memorized hundreds of prices for prizes on β€œThe Price is Right," and he helped a constant guess the exact price on the Showcase Showdown expressnews.com/entertain…
In 2005 Untitled (Β­Cowboy) sold for $1.2 million at auction, then the highest publicly recorded price for the sale of a contemporary Β­photograph, It was also through this photo that a new Art form was born: Photography of Photography. artgallery.nsw.gov.au/col…
Restaurants during the German hyperinflation of the 1920s, a waiter would stand up on a table every 30 minutes to call out the new prices. mentalfloss.com/article/5…
Before the conflict in South Sudan, a kilogram (2.2 pounds) of sugar used to cost eight South Sudanese pounds. The price reached 400 South Sudanese pounds in 2018 dw.com/en/south-sudans-ne…
In 2016, Wall St hedge funds uncovered a scandal in the Georgia Chicken Index, and may have uncovered price fixing by Big Chicken npr.org/sections/thesalt/…
Today I learned about Premium Bonds issued by the UK, which functions as a low-risk lottery. The bonds don't accrue interest, but every month prizes up to Β£1 million are distributed to select winners after a drawing. Even if you don't win, the government will buy back the bond at the original price. en.wikipedia.org/wiki/Pre…
Vincent Price's grandfather invented the first commercial baking powder, "Dr. Price's Baking Powder". en.wikipedia.org/wiki/Vin…
In 1947, the Kiwanis Club of Ahoskie, N.C. held a drawing for a New Cadillac. When a Black Navy Veteran won, they announced there had been a mistake, refunded the winner the $1 price of his ticket, and drew again for a white winner. ladailymirror.com/2018/08…
Today I learned of Sombra, drug detection dog of the Colombian Nat'l Police. She's led to over 200 arrests & seizure of at least 9 tons of illicit drugs. Police upped security for Sombra after the cartel Los UrabeΓ±os (aka Gulf Clan) put a bounty on her head. Reports on price for her murder varied from $7K-$70K. nationalpost.com/news/wor…
, so much buried treasure is found in the UK that they need specific laws regarding finds. Any discovered treasure must first be offered to UK museums at a price set by the independent Treasure Valuation Committee. Only if no museums want the find can the treasure be privately sold or kept. gov.uk/treasure
In 1920, an Australian dog trainer died from laughter after reading how certain commodities had changed in price from 1915. A doctor was called in and he said the death was due to heart failure, brought on by excessive laughter. en.wikipedia.org/wiki/Lis…
The famous horror genre actor Vincent Price is a direct descendant of Peregrine White, the first white child born in Colonial Massachusetts. en.wikipedia.org/wiki/Vin…
A book on Amazon was in a bot bidding war that caused the price of the book to exceed $23 Million. michaeleisen.org/blog/?p=…
Sega sold their own line of rear-projection TV’s in the 70’s. It was called the SEGA Vision and came in 3 different models with two size choices, 44 and 50 inch. While it never reached commercial success it did end up as a prize on an episode of The Price Is Right segaretro.org/Sega-Vision
In the northernmost Canadian territory of Nunavut grocery store prices are so expensive that a 3.5L container of orange juice costs $26.29. Prices soar even higher in the winter when all food must be flown in and ferries are unable to operate. huffingtonpost.ca/entry/f…
The civil war era Fort Montgomery, near the New York/Canada border, is a privately-held 86 acre estate that has been on the market for decades. Peak asking price was $9 MIL in 2006 but the current listing is under $1MIL. atlasobscura.com/articles…
[] About the "Chapwood Index" which seeks to expose problems with consumer price index. By using a more updated "basket of goods" and showing fluctuations by geographical area. chapwoodindex.com/
Mexico City's metro system transports some five million users every day for the extremely low price of about six pesos (roughly $0.30 cents) tripsavvy.com/turibus-in-…
In a survey of leading economists, only 8 percent agreed with a proposal to prohibit "unconscionably excessive" price gouging during natural disasters in Connecticut. 51 percent disagreed with the proposal, 15 percent were uncertain and 8 percent had no opinion en.wikipedia.org/wiki/Pri…
Victor Lustig, a German con artist, designed and sold a "money box" which he claimed could print $100 bills. A victim, sensing profits, would buy the machine for a high price. Stocked with six to nine genuine $100 bills for demonstration purposes, but after that it produced only blank paper. en.wikipedia.org/wiki/Lis…
Today I learned about an asteroid in our own asteroid belt called 16 Phyche. Because of it's metallic composition and size, the entire asteroid would be worth $700 quintillion dollars at today's metal prices. youtu.be/Oo72-BtYc24
Before 1995, anyone who wanted a domain name could register it FREE OF CHARGE. That all changed when the National Science Foundation awarded tech consulting company Network Solutions the ability to charge for registration. Domain prices began at $100 for a two-year registration. mashable.com/2014/03/10/d…
Migros, Switzerland's largest retail company, gives a share to every Swiss adult for free, allowing them to vote in general assemblies. Furthermore, if the earnings before interest/taxes exceed 5%, the supermarkets are forced to lower their prices en.wikipedia.org/wiki/Mig…
Quaker Oats 35% Less Sugar Oatmeal contains 35% less oatmeal per packet, despite being the same price as the regular version latimes.com/food/sns-dail…
College textbook prices increased 90% from 1998 to 2016 while recreational book prices fell by more than 35% in the same time period aei.org/publication/chart…
Today I learned about William Price, a Welsh doctor known for his nationalism, labor advocacy, nudism, and practice of Neo-Druidism. He believed his destiny was to liberate Wales from English rule, thought socks were unhygienic, and named two of his children Iesu Grist, which is Welsh for Jesus Christ. en.wikipedia.org/wiki/Wil…
The classic 1970 war movie Kelly's Heroes was based on an actual robbery of the Nazi gold reserves by a syndicate of US and German servicemen in 1945. It was covered up by the US and Germany and only two gold bars found in 1996 have been recovered worth about $1m at today's prices. en.wikipedia.org/wiki/Kel…
300,000 students in MonrtrΓ©al protested for over 100 days over a 75% hike in tuition prices. theatlantic.com/photo/201…
Comedy writers Leonard Stern and Roger Price had an idea for a word game but didn't know what to call it. One day they overheard an actor saying he wanted to "Ad-Lib" an interview in which his agent called him "mad" for doing it. Stern and Price used that chat to call their creation Mad Libs. en.wikipedia.org/wiki/Mad…
Today's prices in 2020 are 1,953.00% higher than average prices since 1800. The U.S. dollar experienced an average inflation rate of 1.38% per year officialdata.org/us/infla…
You paid more for your HDD in 2012 because after Saudi Arabian oil company Saudi Aramco was hit by targeted malware W32.DistTrack.Shamoon, its owners sent the company's private airplane fleet abroad to purchase every available hard drive, causing their global shortage and price increase. money.cnn.com/2015/08/05/…
Ribs, music recordings on X-rays, to smuggle and distribute prohibited music in the USSR. The films were bought or taken from the trash, cut into 7-inch discs, and the center hole was burned via a cigarette. The quality was awful, the price was low, and could really only be played 5 to 10 times. en.wikipedia.org/wiki/Rib…
In 1997 The U.S. completed an inerstate highway the length of 15.32 miles. The final price tag for construction was $1.3 billion when it was completed. At aproximately 80 million dollars per mile, the most expensive interstate higway is located on the isle of Oahu Hawaii. en.wikipedia.org/wiki/Int…
, in the Philippines, for the bargain price of roughly Β£350, you can purchase "death kits" which is made up of documents that proves your death. The process involves obtaining a fake death certificate and buying an unclaimed corpse from one of the many morgues in the Philippines. telegraph.co.uk/travel/de…
A stand up comedian, in a wheelchair, won a treadmill on "The Price is Right" youtu.be/AVBFHlpXGxY
Each year U of Chicago students embark on a scavenger hunt. The 1999 list included a French Canadian, Fisher Price Baby's First Flamethrower, 5 Mensa membership cards and a nuclear reactor. Justin Kasper and Fred Niell built a plutonium-producing reactor in a single day to get 2nd place realclearscience.com/list…
An Australian company developed a 22-karat gold toilet paper with a sale price of $1.3 million per roll. nydailynews.com/news/worl…
Today I learned of Brewdog Brewery who serves the worlds strongest beer out of dead animals. It was created in 2010 with an initial batch of 12, the beer is 55% alcohol and has a price tag of 500-700 euros and comes in a dead animal. independent.co.uk/life-st…
Today I learned of George R. Price, a population geneticist known for developing the most widely accepted mathematical interpretation of altruism. After realizing his equation implied that altruistic behavior serves an innate selfish purpose, Price became increasingly depressed and eventually committed suicide. en.wikipedia.org/wiki/Geo…
India requires manufacturers to set a fixed price on their products to prevent stores from overcharging. en.wikipedia.org/wiki/Max…
$30,000 in 1964 is equivalent in purchasing power to about $248,476.45 in 2019, a difference of $218,476.45 over 54 years. The 1964 inflation rate was 1.31%. According to the Bureau of Labor Statistics consumer price index, today's prices in 2019 are 728.25% higher than average prices in 1964 in2013dollars.com/
Florence Price was the first African-American woman to be recognized as a symphonic composer, and the first to have her composition (Symphony No. 1 in E minor) played by a major orchestra on June 15, 1933. en.wikipedia.org/wiki/Flo…

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