Breakthroughs and everyday innovations from the year.
HEADLINES ON December 7, 2002
Full News Archive
- Headline: Humor Amidst Iraq's Arms Inspections. Impact: The search for weapons of mass destruction led to an unlikely boom in the liquor industry. Who knew that the secret to avoiding a nuclear apocalypse was just a bottle of gin away? This newfound love for alcohol sparked a global trend of drinking during international inspections, leading to the invention of the cocktail 'Nuclear Fallout' – a mix of gin and tonic with a splash of irony.. Fact: Iraq's liquor laws are stricter than your Aunt Edna's rules about her china – and we all know how that goes..
- Headline: NYC Property Tax Bribery Scandal Exposed. Impact: This scandal spiraled into a legal drama that made 'Law & Order' look like a children's show. After exposing the corruption, a new reality show called 'Tax Bribe: The Real Attorneys of NYC' premiered, leaving viewers questioning if they were watching a courtroom or a circus.. Fact: Lawyers involved in tax scandals have more plot twists than a soap opera, proving once again that the only thing more corrupt than a tax assessor is the show they put on in court..
- Headline: Mayor Warns of a Crippled City If Subway and Bus Workers Strike. Impact: The potential transit strike triggered a city-wide search for alternative transportation methods, resulting in a sudden surge in unicycles and pogo sticks as the trendy way to navigate New York. This led to the establishment of 'NYC's Alternative Transit Day,' celebrated yearly by hopping around the city.. Fact: In New York, if the subway workers strike, the real losers are the pigeons – they’re no longer the only ones stuck walking!.
- Headline: Morgan Set Up Deal for Enron To Cut Millions From Tax Bill. Impact: This sneaky financial maneuver started a frenzy of corporate backroom deals, inspiring future generations of accountants to consider themselves the 'James Bonds' of tax evasion. The legacy of Enron lives on, leaving behind a trail of cautionary tales and a new genre of thrillers: 'The Tax Heist.'. Fact: Enron's tax strategies were so complex, they could probably write a best-selling novel titled 'How to Make Money Disappear: The Illusion of Corporate Accounting.'.
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)