Breakthroughs and everyday innovations from the year.
HEADLINES ON July 5, 2002
Full News Archive
- Headline: Mondesi's Debut Home Run Amidst Jeter's Injury. Impact: Raul Mondesi's home run sparked a series of events that led to a decade-long debate over whether the Yankees should have traded for a power hitter or focused on their farm system. This debate somehow influenced the 2008 financial crisis—because, of course, sports decisions can lead to economic collapse.. Fact: Mondesi's first home run as a Yankee was such a big deal that it made people forget Jeter actually exists. Spoiler: he didn’t!.
- Headline: Global Music Album Releases Explored. Impact: The global music landscape shifted dramatically after this year, leading to the invention of karaoke machines that would later haunt bar owners everywhere. It’s like a musical butterfly effect that resulted in 3 AM renditions of 'Livin' on a Prayer' and probably several broken friendships.. Fact: Somewhere out there, someone still believes that they can hit every high note—spoiler: they can’t..
- Headline: A Neighborhood Adjusts, Warily, to Life After Ikea. Impact: The withdrawal of Ikea sent shockwaves through the local economy, causing a furniture shortage that led to an unexpected boom in DIY projects. It turns out that when people are left to their own devices, they will either get creative or just sleep on the floor.. Fact: After Ikea pulled out, residents reportedly began to hoard allen wrenches, fearing they’d never assemble another piece of furniture again..
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)