Breakthroughs and everyday innovations from the year.
HEADLINES ON October 18, 2002
Full News Archive
- Headline: The Dangers of the Unknown Tape. Impact: If only someone had warned viewers to stay away from cursed tapes! This cinematic cautionary tale inspired an entire generation to obsessively check their own DVD collections for ominous messages, leading to a nationwide surge in 'Do Not Watch' labels, and ultimately causing the demise of the VHS format. Who knew a simple movie could ruin a technology?. Fact: Did you know that the original Japanese film was so popular that it prompted people to start checking their mailboxes for cursed items? Postal workers had a field day with that one!.
- Headline: Giants Legacy: From New York to San Francisco. Impact: The Giants' historical society might have inadvertently sparked a new trend in sports nostalgia, leading to the rise of numerous other teams creating their own historical societies. This trend eventually resulted in a bizarre reality show called 'Sports Hoarders: Reliving the Glory Days' where fans dig through decades-old baseball cards in search of their childhood dreams.. Fact: Fun fact: The San Francisco Giants were once based in New York, but their move left behind a trail of broken hearts and a few confused pigeons who just couldn’t figure out where the ballpark went..
- Headline: Sears Credit Division Faces Significant Losses. Impact: Sears' credit unit collapse sparked a chain reaction that led to a national obsession with credit scores. People began to treat their credit ratings like a competitive sport, leading to the creation of 'Credit Score Olympics' — where participants would brag about their 850 scores like it was a gold medal.. Fact: Did you know that Sears was once the largest retailer in the U.S.? Now, they're just a cautionary tale of how not to manage a credit division. Oops!.
- Headline: Bloomberg's Shift of Homeless to Hotels Alarms Some Neighborhoods. Impact: Bloomberg's controversial decision to house the homeless in hotels sparked a nationwide debate about urban policy, ultimately leading to the creation of 'Hotel for All' — a new trend where luxury hotels took in the homeless, while charging them a premium for the experience. Because nothing says compassion like a five-star stay.. Fact: Did you know that the protests from neighbors were so intense, they inspired a new social media trend: #NotInMyBackyard? It’s amazing how quickly people can mobilize when their comfort zones are at stake!.
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)