In the early 1970s Americans had experienced gasoline shortages owing to the OPEC oil embargo. So, when Johnny Carson made a joke about a shortage of toilet paper on “The Tonight Show,” rolls of toilet tissue began disappearing off store shelves as nervous consumers hoarded the prized commodity, thereby creating a genuine shortage. Mo Rocca talks with documentary filmmaker Brian Gersten and Boston University economics professor Jay Zagorsky about the real-world implications of a joke. Source
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PPP rules make it hard for some businesses to use money
The program allows just eight weeks to meet hiring targets if businesses want their loan forgiven. Source
Supreme Court streams live oral arguments for first time
The Supreme Court heard arguments by telephone conference and provide live audio for the press and the public for the first time ever. Source
Dr. Agus on promising developments and when a coronavirus vaccine could be available
More than 90 potential coronavirus vaccines are being developed around the world. Dr. David Agus has the latest on when we might see the first coronavirus vaccine. Source
Twins who got in to 5 Ivy League schools make their choice
The Alexander sisters will be the first generation of their family to attend college. Source
Carnival plans to resume some cruises on August 1
Battered by coronavirus, cruise operator plans to restart service from three of its U.S. ports. Source
Stimulus checks: Americans without bank accounts face a wait
Paper checks could take weeks to arrive in the mail for the more than 8 million households without bank accounts. Source
Logan Woodside or Cole McDonald? Young QBs Hope to Convince Titans Not to Bring in Another Veteran
Titans GM Jon Robinson indicated following the draft there’s time to let the back-up QB situation behind starter Ryan Tannehill play out. Source
Bryant’s interview about Jordan leaves fans emotional
“He’s like my big brother,” Bryant said. “I don’t get five championships here without him.” Source
From the 60 Minutes archives: Kent State
An excerpt from Morley Safer’s 1977 “An American Tragedy” about the 1970 events at Kent State University — and how a future CBS photographer captured an indelible historical image. Source