Breakthroughs and everyday innovations from the year.
HEADLINES ON November 28, 2002
Full News Archive
- Headline: Exploring Gender Perspectives in Blogging. Impact: This blog post sparked the Great Internet Gender Debate, leading to a global movement where men began to hashtag everything, while women started rolling their eyes at their memes. Fast forward to 2023, and we have influencers who have turned 'spouting thoughts' into a full-time job with special appearances on reality TV.. Fact: Did you know that in 2005, people thought 'blogging' was a phase? Kind of like how people thought bell-bottoms would never come back... oops..
- Headline: McGreevey's Costly Ireland Trip Apology. Impact: The repercussions of this extravagant trip sent ripples through the realm of political ethics, leading to the birth of a new genre: the 'Apology Tour.' This trend has since evolved into a full-fledged reality show where politicians compete to apologize for their wild spending habits.. Fact: Fun fact: The average cost of a vacation in Ireland is way lower than $70,000—unless you're planning a five-star tour of every single pub, which, let's be honest, is an excellent idea..
- Headline: Phillies Outbid Mets for Glavine. Impact: This bidding war for Tom Glavine set off a chain reaction in Major League Baseball, leading to teams realizing they could spend ridiculous amounts of money to lure players, which has now resulted in contracts that could fund a small nation. Welcome to baseball economics!. Fact: Did you know that in 2001, the average salary of a Major League Baseball player was $1.5 million? That’s a lot of peanuts and Cracker Jack..
- Headline: Bush Plan Gives More Discretion To Forest Managers on Logging. Impact: By allowing forest managers more leeway, this plan triggered a 'logging free-for-all' that made lumberjacks feel like kids in a candy store. Fast forward to today, and we all now know what happens when you let kids run wild—spoiler alert: deforestation and a lot of sad trees.. Fact: Did you know that the Amazon rainforest produces 20% of the world's oxygen? So, you know, no pressure on forest managers..
- Headline: Is Vivendi Entertaining Bids On Its Entertainment Assets?. Impact: This uncertainty over Vivendi’s assets led to countless sleepless nights for entertainment executives, birthing the modern era of mergers and acquisitions that have been more dramatic than a soap opera. Who knew corporate bidding wars could be so entertaining?. Fact: Did you know that when it comes to corporate acquisitions, it’s often less about the assets and more about who gets to say, 'I own that?'.
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)