Breakthroughs and everyday innovations from the year.
HEADLINES ON July 16, 2001
Full News Archive
- Headline: AT&T Considers Bids for Cable Unit. Impact: If AT&T had sold its cable unit back then, we might have been living in a world where every channel was a 24/7 infomercial for 'The Best Way to Fold a T-Shirt'. Thank goodness things didn’t go that way, right?. Fact: Did you know that AT&T's cable unit was once considered the leading edge of technology? Now it’s just a nostalgic memory, like VHS tapes and dial-up internet..
- Headline: Corning's Economic Downturn: Job Losses Impact Town. Impact: The layoff of 1,000 workers in Corning, NY, sent ripples through the job market, leading to an unexpected rise in 'How to Cope with Job Loss' workshops. Thanks, Corning, for making unemployment cool!. Fact: Fun fact: Corning is known for glass, but after this incident, it might as well have been known for glass ceilings on job security..
- Headline: DROP IN FUEL PRICE MAY WEAKEN PUSH FOR ENERGY PLANS. Impact: The drop in fuel prices and the weak push for energy plans may have led to a whole new generation of couch potatoes who thought, 'Hey, we can just sit back and let future generations deal with energy problems.' Thanks for the legacy!. Fact: Did you know that the Bush administration once thought it could sell an energy plan like it was a used car? Spoiler alert: people weren’t buying..
- Headline: Bush, After Gaining Tax Cut, Is Taking Aim at Tax Code. Impact: Bush's tax cut legacy paved the way for endless debates on tax reform. Little did we know, future generations would still be arguing about taxes like they were the last piece of pizza at a party.. Fact: Did you know that tax codes are the only things more convoluted than a plot twist in a soap opera? Buckle up for the drama!.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 2001, it would be worth $1,220,264 today (1220.3x return)