Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON October 3, 2001
Full News Archive
- Headline: Feasting and Friendship in Conversation. Impact: The leisurely meal with friends led to the rise of the 'foodie' culture, where people now spend three hours discussing the merits of organic kale versus regular kale. This has inadvertently created a subculture of influencers who make a living from taking pictures of their avocado toast, while also causing the price of avocados to skyrocket. Thanks, Mark Bittman!. Fact: Did you know that the phrase 'slow food movement' was actually coined after a group of friends took too long to finish their meal? They were just trying to digest, but society decided to turn it into a lifestyle..
- Headline: Historic Fed Rate Cut to 2.5%. Impact: The Fed’s interest rate cut marked a pivotal moment that led to an economic rollercoaster ride over the next two decades. People got so used to low rates that they started treating credit cards like they were free samples at Costco. Spoiler alert: they’re not free, and the debt crisis was lurking just around the corner!. Fact: Did you know that in the world of finance, 'low rates' are just a euphemism for 'let's see how much trouble we can stir up before anyone notices'?.
- Headline: Pentagon Tries To Avoid Using Pakistan Bases. Impact: The Pentagon's avoidance of Pakistani bases as a strategy not only altered military tactics but also led to a series of awkward diplomatic dinners where they had to explain why they weren't using their 'friend's' house for the party. This caused a ripple effect of strained relations and bizarre conversations about whether or not to bring a casserole.. Fact: Did you know that the Pentagon once tried to avoid using a base so well that they ended up launching a mission from a backyard barbecue? Just kidding, but it seems like a plausible plot twist!.
- Headline: Lacking Cash, Swissair Grounds All Its Flights. Impact: Swissair's abrupt grounding not only sent shockwaves through the airline industry but also inspired a new generation of travelers to appreciate the value of a trustworthy airline. This led to the rise of budget airlines—where the only thing more inflated than their prices were the chances of your luggage being lost!. Fact: Did you know that the last meal served on a grounded Swissair flight was a very sad-looking sandwich? Rumor has it, it was more about nostalgia than nutrition..
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)