U.S. based humor magazine Mad has announced that, due to falling sales and a teetering economy, it will now appear quarterly instead of monthly. The magazine has published cutting-edge satire since its 1952 founding by Harvey Kurtzman and William Gaines, but like the rest of the print industry has seen profits grow increasingly scarce. Mad has never accepted advertising money, depending instead on newsstand and subscription sales. It seems unlikely that policy will change now, partially because accepting ad money can handcuff satirists when they find themselves unable to skewer corporate benefactors. Editor John Ficarra responded to the crisis in typically Mad fashion, saying, “The feedback we’ve gotten from readers is that only every third issue of Mad is funny. So we decided to just publish those.”
1973—Allende Ousted in Chile
With the help of the CIA, General Augusto Pinochet topples democratically elected President Salvador Allende in Chile. Pinochet’s regime serves as a testing ground for Chicago School of Economics radical pro-business policies that later are applied to other countries, including the United States.