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 May 26, 2002
Full News Archive
- Headline: Foreclosure Trends: A Shift in Approach. Impact: As lenders decided to get creative with foreclosure solutions, a butterfly flapped its wings in the mortgage world, leading to a future where people started hosting 'foreclosure parties'—a bizarre trend where neighbors would throw celebrations for those losing their homes. Who knew losing your house could become a social event?. Fact: Did you know that foreclosures can lead to a sudden boom in the 'rent-to-own' market? Because what better way to celebrate financial ruin than by renting with an option to buy?.
- Headline: Pressure on Law Enforcement Amid Financial Scandals. Impact: As investors clamored for more cops on the street, the universe responded by creating an alternate reality where securities analysts became the new superheroes, wearing capes made of stock charts and fighting crime with insider information. Alas, Gotham still has its fair share of corrupt bankers.. Fact: Did you know that in a parallel universe, Rep. Oxley is actually a secret agent for Wall Street, working undercover to ensure that no one ever finds out what happens behind those closed doors?.
- Headline: Battling, Politely, for Health Care's Biggest Prize. Impact: As health care corporations politely battled for dominance, the butterfly effect turned into a full-blown tornado of health care costs rising faster than a space shuttle launch. Future generations now have a love-hate relationship with their insurance policies.. Fact: Did you know that 'battling politely' is the corporate equivalent of a pillow fight? Because when the stakes are health care, it’s all fun and games until someone gets a surprise bill..
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)