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 December 15, 2002
Full News Archive
- Headline: Palmer Wins Heisman for USC. Impact: If Palmer hadn't captured the Heisman, the entire trajectory of NFL quarterbacks might have been altered. Who knows? Maybe Tom Brady would have taken up knitting instead of football, and the world of fashion would be dominated by cozy, hand-knit sweaters instead of sports jerseys.. Fact: Did you know that the Heisman Trophy was originally made in the shape of a player? Now it's just a shiny object that all the college kids dream of while living off instant ramen..
- Headline: Exploring Ashtanga Yoga's Fashion Connection. Impact: The rise of yoga as a trend among fashionistas led to the eventual creation of yoga pants, which have revolutionized both the fitness and couch-potato industries. Truly, the most significant invention since sliced bread or the remote control.. Fact: Did you know that yoga was originally intended as a way to prepare for meditation? Now it's just an excuse to look good while pretending to be spiritually enlightened in a trendy studio..
- Headline: Revamping Chapter 11 Bankruptcy Strategies. Impact: The bankruptcy code overhaul led to an era where companies could easily file for Chapter 11, opening the floodgates for corporate bailouts. This set a precedent for countless companies to treat bankruptcy like a revolving door, eventually leading to the 'I can't pay my student loans' era.. Fact: Did you know that Chapter 11 was designed for companies to reorganize? Now it feels more like a corporate escape room—with less fun and more financial despair..
- Headline: As State Budgets Break, Pain Trickles Down. Impact: As state budgets broke, the ripple effect reached far and wide—leading to increased taxes, decreased public services, and the classic 'We're broke, but we need more roads!' conundrum. It’s like watching a slow-motion train wreck where everyone’s holding a 'Help Wanted' sign.. Fact: Did you know that the last time states faced such budget deficits, they didn't have social media to complain about it? Imagine the tweets: 'Just lost my job, but hey, at least I still have my avocado toast!'.
- Headline: Ugly Echoes; A Sanitized Past Comes Back to Haunt Trent Lott -- and America. Impact: Trent Lott's past resurfacing sparked a national conversation about the sanitized narratives we tell ourselves. This led to an odd phenomenon where everyone suddenly became historians, digging up dirt like it was a family reunion gone wrong.. Fact: Did you know that trying to sanitize a past full of ugly echoes is like putting lipstick on a pig? Spoiler alert: the pig still doesn't look 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)