Breakthroughs and everyday innovations from the year.
HEADLINES ON August 7, 2001
Full News Archive
- Headline: British Airways Faces Profit Decline. Impact: The 48% drop in British Airways' operating profit led to a series of unfortunate events where air travel became a terrifying guessing game for passengers. This ultimately resulted in the invention of the inflatable neck pillow, which ironically became more popular than the actual flying experience.. Fact: Did you know that British Airways once operated a flight called 'The Concorde'? Yeah, it was so fast it could outrun your financial troubles...if only they still had it..
- Headline: Hevesi's Campaign Funding Controversy. Impact: The denial of matching funds to Hevesi's campaign set off a chain reaction of political consultants deciding that maybe they should actually *work* for their money instead of volunteering. This led to the rise of 'consultants' who only charge you for their 'expert advice' on how to lose your election gracefully.. Fact: Fun fact: Campaign finance boards are like the parents of political campaigns, always ready to say 'no' when you ask for a little help. You're on your own, kid!.
- Headline: Pritzker-Dworman Partnership Unravels Over Bank Collapse. Impact: The fallout from the Superior Bank failure created a ripple effect in the real estate market, leading to a sudden boom in 'How to Navigate a Complicated Legacy' seminars. Suddenly, everyone wanted to know how to manage their family’s financial mess without losing their sanity.. Fact: Jay Pritzker's legacy was about as complicated as a family reunion where the relatives don't quite remember who owes whom for the last Thanksgiving turkey..
- Headline: What's Behind Karmazin's Sale of Viacom Stock?. Impact: Karmazin's stock sale sparked a wave of panic among investors, leading to more conspiracy theories in the stock market than actually exist in the realm of QAnon. If only they knew that selling high is just another name for 'being smart'!. Fact: Did you know that selling shares can sometimes be a sign of genius? Or just someone who wants to buy a yacht. Either way, it’s a fine line between savvy and ‘Uh-oh!’.
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)