Breakthroughs and everyday innovations from the year.
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The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON January 11, 2002
Full News Archive
- Headline: Knicks' Disappointment Fuels Chaney's Anger. Impact: If only Chaney had taken up knitting instead of yelling at the Knicks, maybe the Knicks would have developed a winning strategy, leading to a basketball dynasty instead of just more sad headlines. And who knows? Maybe we'd all be wearing Knicks-branded sweaters instead of lamenting over their losses.. Fact: The Knicks are the only team to have had 'Knickerbocker' as part of their name, which sounds like a medieval knight's title. So basically, they’re doomed to fight battles, just not the kind we expect in sports..
- Headline: Protests Loom Over Economic Summit. Impact: As the protests unfolded, they inadvertently inspired a new generation of activists, leading to a worldwide trend of complaining about everything on social media instead of in person. So, thanks to the Summit, we now have hashtags instead of actual change.. Fact: The World Economic Forum was founded in 1971, which means it’s been around long enough to witness the rise of the internet and still hasn’t figured out how to use it to solve actual problems..
- Headline: Vodafone Shares Decline Amid Growth Concerns. Impact: Vodafone's share drop led to a global panic among investors, prompting a wave of 'invest in avocado toast' trends that would ultimately shape the hipster economy. So, thanks, Vodafone, for teaching millennials the importance of brunch.. Fact: Vodafone is a contraction of 'voice data phone,' which sounds cool until you realize it was just a long way to say, 'We’re still figuring this whole phone thing out.'.
- Headline: U.S. Is Taking War Captives To Cuba Base. Impact: The decision to transfer captives to Guantanamo Bay ignited debates about human rights that echo through modern politics, influencing legislation and international relations for decades. So, yes, this was a 'great' idea that keeps giving… like a bad gift that just won't stop giving.. Fact: Guantanamo Bay has been a U.S. naval base since 1898. So, it’s kind of like the place you keep saying you’ll clean up but just keep piling more junk in. It’s the junkyard of international relations..
- Headline: Ties to Enron Leave Banker in an Awkward Spot. Impact: Shapiro's awkward position at JP Morgan post-Enron led to more stringent regulations in banking, creating a ripple effect that ultimately resulted in the rise of fintech startups. So, thanks, Enron! You made banking cool again… for a brief moment.. Fact: Enron was once considered one of the most innovative companies in America. Ironically, their biggest innovation was teaching everyone how to do accounting wrong..
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)