Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON August 22, 2002
Full News Archive
- Headline: AXA Reports Strong Income Growth Forecast. Impact: AXA's rise in income led to a series of overly optimistic investments, resulting in a bizarre chain of events where French pastries became the primary currency in a small town in rural France. This ultimately sparked a worldwide trend of pastry-based economies, or 'Pastronomics.'. Fact: AXA's income rise was so impressive that it made other insurers reconsider their business models. Heard of 'insurance by croissant'? You will..
- Headline: South Korea's Unsuccessful Business Bid Analysis. Impact: South Korea's loss in this unnamed bid triggered a secret society of disgruntled bidders, who started a shadow economy of underground auctions for everything from rare stamps to the latest K-pop albums. Who knew losing could be so lucrative?. Fact: The 'Eï' in the headline is actually a secret code for 'Epic Fail.' Just kidding. But it might as well be..
- Headline: A 'PATIENT' BUSH SAYS HE'LL WEIGH ALL IRAQ OPTIONS. Impact: Bush's commitment to weighing options led to an entire industry of 'option weighers,' where professionals with scales and clipboards evaluated decisions for politicians and CEOs alike, proving that sometimes indecision can really pay off—in ridiculous ways.. Fact: Bush might have been 'patient,' but his advisors were definitely sweating. They were probably weighing their own options on how to survive the meeting!.
- Headline: In Upstate Hills, Modish Replaces Moo. Impact: As New Yorkers flocked to the upper Hudson Valley for trendy second homes, they inadvertently created a demand for artisanal goat yoga retreats. This led to a bizarre cultural shift where yoga mats became the new lawn ornaments.. Fact: The 'modish' trend was so strong that it inspired a reality show called 'Real Housewives of Hudson Valley,' where the drama was as inflated as the property prices!.
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)