Breakthroughs and everyday innovations from the year.
HEADLINES ON October 23, 2002
Full News Archive
- Headline: Golisano's Red Tape Revolution. Impact: Golisano's tirade against red tape inspired a generation of entrepreneurs to start their businesses in their basements, leading to an explosion of home offices and the eventual rise of pajama-wearing CEOs. Who knew paperwork could fuel a fashion revolution?. Fact: Tom Golisano once ran for governor while simultaneously trying to run a business. It's like being a juggler with chainsaws—what could possibly go wrong?.
- Headline: Giants in the World Series: A Nostalgic Experience. Impact: The nostalgia from Vecsey's column sparked a massive revival in retro-themed sports venues, leading to an odd trend where every city tried to outdo each other with their own 'throw-back' parks, resulting in a nationwide shortage of vintage popcorn machines.. Fact: Tony Bennett is not just a legend for his music; he also has a penchant for trolleys. Imagine if he had a trolley-themed album—'Trolley Tunes: The Collection.' It would fly off the shelves!.
- Headline: The Healthier Side Of Health Care. Impact: The healthcare industry's boon led to a boom in wellness trends, causing an unexpected surge in avocado toast consumption and the rise of influencers offering yoga classes in their backyards. Namaste, indeed.. Fact: In the quest for better working conditions for nurses, some hospitals started offering free snacks. Because nothing says 'thank you for saving lives' quite like a granola bar..
- Headline: World Business Briefing | Europe: Russia: Vodka Conflict. Impact: The vodka conflict ignited an unending debate about alcohol purity that led to the rise of artisanal vodka distilleries, where hipsters now pay $50 for a bottle of what is essentially potato juice with a backstory.. Fact: Vodka was originally just a fancy way of saying 'I can't deal with my problems sober.' Now it’s a conflict starter. Cheers to progress!.
- Headline: Canadian Bank's Invasion of U.S. Fizzles. Impact: The failure of the Canadian bank's U.S. invasion resulted in a long-standing rivalry between Canadian banks and American consumers, leading to the stereotype that Canadians can't handle the spicy intensity of American banking—who knew ATMs could create such drama?. Fact: The plan to invade U.S. retail banking was so ambitious that it made the War of 1812 look like a friendly game of checkers. Spoiler alert: Canada lost to overdraft fees..
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)