Breakthroughs and everyday innovations from the year.
HEADLINES ON July 24, 2002
Full News Archive
- Headline: Bush Critiques Israeli Airstrike in Gaza. Impact: Bush's condemnation caused a ripple effect in political discourse, leading to endless debates about 'heavy-handed' tactics. This ultimately inspired future leaders to adopt the art of euphemism in political speeches, creating a generation of speechwriters who think 'heavy-handed' means 'slightly inconvenient'.. Fact: Did you know that the phrase 'heavy-handed' can also refer to a poorly made cocktail? Just like some political decisions!.
- Headline: Citigroup's Fall from Grace. Impact: Citigroup's fall led to a series of regulatory reforms that made banking more secure—well, until they found a way to get around those too. Talk about a game of whack-a-mole with financial regulations!. Fact: Did you know that Citigroup's stock falling 16% was like a bad haircut? It looked terrible at first, but somehow, they convinced everyone it was a 'new trend'..
- Headline: World Business Briefing | Asia: South Korea: Daewoo Deal Endorsed. Impact: The endorsement of the Daewoo deal paved the way for more corporate mergers, which eventually resulted in the phrase 'too big to fail' becoming a cornerstone of modern economic philosophy. Thanks, globalization!. Fact: Did you know that when it comes to mergers, the only thing bigger than the companies involved is the paperwork? Talk about a heavy-handed filing cabinet!.
- Headline: Black Festival Aims For More in Atlanta. Impact: The National Black Arts Festival's growth reflects a broader cultural renaissance that sparked arts movements worldwide. Little did they know, they set the stage for future festivals where the line between art and Instagrammable moments would blur.. Fact: Did you know that art festivals are the only place where you can see someone paying $10 for a bottle of water while pretending to appreciate modern art? Now that's a masterpiece!.
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)