Breakthroughs and everyday innovations from the year.
HEADLINES ON January 24, 2002
Full News Archive
- Headline: Tyson's Impact on Boxing's Image. Impact: Tyson's wild behavior made it possible for future athletes to get away with ridiculous antics, paving the way for social media influencers who think they're athletes just because they can throw a punch or two on TikTok.. Fact: Did you know that Mike Tyson once fought a pigeon? Yes, because why not add avian combat to his list of 'things I've done that make no sense'?.
- Headline: Bush Requests $48 Billion for Military Expansion. Impact: Bush's military spending request set a precedent for future presidents to throw money at military budgets like it's a game of Monopoly, making defense contractors richer and the American public increasingly confused about where their tax dollars go.. Fact: Did you know that in 2020, the U.S. military budget was over $700 billion? That's enough to buy a small country... or at least a really nice yacht..
- Headline: Sprewell Is on Time and on Target. Impact: The Knickerbockers' victory over the Raptors sparked a series of sports betting fads, eventually leading to the invention of fantasy sports leagues where people could lose money on imaginary games—because adulting is hard.. Fact: Did you know that the New York Knickerbockers are one of the oldest teams in the NBA? So old, they had to have a special meeting to decide if they wanted to keep the name 'Knickerbockers' or go with something more modern like 'The New York Basketball Squad.'.
- Headline: WIDE EFFORT SEEN IN SHREDDING DATA ON ENRON'S AUDITS. Impact: The shredding of Enron's audit documents not only contributed to the company's collapse but also kickstarted a series of corporate scandals that would make every accountant in the world break out in a cold sweat—kudos to them for making 'shredding' a household term.. Fact: Did you know that Enron was once considered one of the most innovative companies in America? Turns out, if you innovate too much in the wrong areas, you end up as a cautionary tale instead of a role model..
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)