Breakthroughs and everyday innovations from the year.
HEADLINES ON August 23, 2002
Full News Archive
- Headline: Sears Launches Nostalgic Heritage Campaign. Impact: Sears' nostalgic campaign, while attempting to revive its glory days, inadvertently led to an increase in hipster thrift store popularity. Now, instead of shopping at Sears, everyone is scouring through vintage shops for that perfect 1970s polyester suit.. Fact: Did you know that Sears once sold everything from houses to cars? Too bad they can't sell their way out of the nostalgia pit they're in now!.
- Headline: Bush Eases Steel Tariffs Decision. Impact: Bush's tariff rollback caused chaos in the steel industry, leading to an unexpected rise in the popularity of aluminum foil hats. The conspiracy theory community thrived as they believed the tariffs were a cover-up for an alien invasion.. Fact: Did you know that tariffs are like your annoying neighbor? They never really go away and always seem to cause a ruckus when you least expect it!.
- Headline: Thyssen-Krupp's Profit Decline Explained. Impact: Thyssen-Krupp's profit dip sent shockwaves through the European steel market, leading to an unexpected rise in DIY metalworking projects among bored retirees. Suddenly, everyone thought they could be the next blacksmith.. Fact: Did you know that the only thing sharper than Thyssen-Krupp's profit decline was the sarcasm of their shareholders? They really know how to cut deep!.
- Headline: Clinton Aide Heads to House, With Waves Preceding Him. Impact: Rahm Emanuel's audacious congressional run set the stage for future political brashness, inspiring a new generation of campaigners to believe that confidence and snark are the keys to political success. Thanks, Rahm, for paving the way for future Twitter wars!. Fact: Did you know that Emanuel's confidence was so high that NASA considered launching him into space to test the limits of human self-assuredness? Spoiler: they decided against it..
- Headline: Accountants Gave to McCall After Getting State Contract. Impact: The accountant donations to McCall sparked a trend where financial firms began to donate to politicians in hopes of being selected for lucrative contracts, creating a new sub-industry known as 'Political Fund-raising Accounting.' It's like a game of Monopoly, but with real money.. Fact: Did you know that in the world of accounting, 'creative financing' is just a fancy term for 'who can we bribe to get ahead?' Such a wholesome profession!.
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)