Breakthroughs and everyday innovations from the year.
HEADLINES ON January 3, 2002
Full News Archive
- Headline: End of Argentina's Currency Peg. Impact: The devaluation of the peso led to a wild rollercoaster ride of inflation, where at one point, a cup of coffee cost as much as a small car. This economic chaos eventually inspired a new reality show: 'Survivor: Argentina Edition,' where only the most frugal contestants could make it to the final round without going bankrupt.. Fact: Did you know that the Argentine peso has had so many faces, it could probably star in its own soap opera? 'As the Peso Turns' sounds about right..
- Headline: Testaverde Addresses Controversy Before Raiders Game. Impact: Vinny Testaverde's drama over play calling ignited a new wave of quarterback criticisms and ultimately inspired a generation of amateur analysts who believe they know better than the professionals. Spoiler alert: they don’t.. Fact: Did you know that 'clearing the air' in football often just means yelling louder? It's basically the same as solving a family dispute at Thanksgiving..
- Headline: World Business Briefing | Europe: The Netherlands: Royal Dutch Shares Fall. Impact: The drop in Royal Dutch shares became a cautionary tale for investors everywhere, sparking a new trend where stock analysts were required to wear clown shoes during presentations. Because if you're going to lose money, you might as well look ridiculous doing it.. Fact: Did you know that stock prices are like roller coasters? They go up, they go down, and if you're not careful, you might just end up screaming for your life!.
Wall Street Time Machine
NFLX
Netflix
Netflix - If you invested $1,000 in 2002, it would be worth $785,671 today (785.7x return)
AAPL
Apple
Apple - If you invested $1,000 in 2002, it would be worth $779,032 today (779.0x return)