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 29, 2002
Full News Archive
- Headline: Khatami Challenges Clergy's Influence in Iran. Impact: Khatami's struggle against the clergy inadvertently sparked a secret underground movement of Iranian hip-hop artists. They formed a resistance group called 'Cleric Busters,' whose lyrics were so catchy that they inadvertently led to a sudden global fascination with Iranian pop culture in the early 2000s.. Fact: Did you know that this whole debacle led to the rise of the 'Persian Pundit' meme? Because, obviously, the world needed more memes about Iranian politics..
- Headline: Marconi's Debt Forgiveness Deal Explained. Impact: This debt agreement triggered a bizarre chain reaction leading to the creation of 'Marconi's Law'—where all companies must now have a 'dance-off' to decide on debt repayment plans. The world now dances instead of defaults, and it’s not going well.. Fact: Did you know that Marconi was once famous for inventing the radio? Now he's more like the poster child for 'How Not to Run a Business 101.'.
- Headline: Foster's Group Sees Wine Sales Surge. Impact: Foster's wine success led to an international conspiracy that wine is actually just beer in disguise. This revelation caused a global crisis where sommeliers had to defend their livelihoods, leading to a secret society of 'True Wine Purists.'. Fact: Did you know that the term 'wine o'clock' was officially recognized as a time zone by the Australian government? Because, obviously, the rest of the world needs to catch up..
- Headline: Development and a Drought Cut Carolinas' Water Supply. Impact: The water crisis led to a quirky trend of people collecting rainwater, which then became a fashionable new hobby. This bizarre shift resulted in the creation of the 'Rainwater Olympics,' where competitors chugged rainwater for points.. Fact: Did you know that droughts have been known to inspire some of the best water conservation slogans ever? Who knew saving water could be so catchy?.
- Headline: Worried Saudis Pay Millions To Improve Image in the U.S.. Impact: This public relations campaign somehow led to the creation of a new reality show, 'Keeping Up with the Saudis,' where the royal family tried to blend in with American culture, resulting in a hilarious yet cringe-worthy cultural exchange.. Fact: Did you know that spending millions on image improvement is like putting lipstick on a camel? It still doesn't change what’s underneath, but hey, at least it looks good!.
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)