News and Events of 1954
US GDP (1998 dollars):
$381.3 billionFederal spending:
$70.86 billionFederal debt:
$270.8 billionConsumer Price Index:
2.9%Cost of a first-class stamp:
NY Giants d. Cleveland (4-0)
Minneapolis Lakers d. Syracuse (4-3)
Detroit d. Montreal (4-3)
Maureen Connolly d. L. Brough (6-2 7-5)Men:
Jaroslav Drobny d. K. Rosewall (13-11 4-6 6-2 9-7)
Kentucky Derby Champion
NCAA Basketball Championship
La Salle d. Bradley (92-76)
NCAA Football Champions
Ohio St. (AP, INS) (10-0-0) & UCLA (UP, FW) (9-0-0)
W. Germany d. Hungary (3-2)
- The World Series is broadcast in color for the first time.
- The revenue for television broadcasters finally surpasses that of radio broadcasters. Gross revenue for television is $593 million.
- Bill Haley and the Comets begin writing hit songs. As a white band using black-derived forms, they venture into rock 'n' roll.
- Robert Joffrey Ballet debuts.
- On the Waterfront, Rear Window, The Caine Mutiny, Sabrina, The High and the Mighty
- Pierre Boulez, Le Marteau Sans Maître (The Hammer Without a Master)
Nobel Prizes in Science
Chemistry: Linus C. Pauling (US), for study of forces holding together protein and other molecules
Physics: Max Born (UK), for work in quantum mechanics; and Walther Bothe (Germany), for work in cosmic radiation
Physiology or Medicine: John F. Enders, Thomas H. Weller, and Frederick C. Robbins (all US), for work with cultivation of polio virus