Verified invention milestones and practical breakthroughs associated with the year.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON December 19, 2002
Full News Archive
- Headline: Early Film Awards Highlight Independent Studios. Impact: The focus on mini-studios and independent films in early awards ceremonies marked the beginning of the end for the Hollywood elite's monopoly on 'good' movies. This paved the way for a million indie films that nobody asked for, yet we’re all somehow still forced to watch at film festivals.. Fact: Fun fact: indie films are like the hipsters of the movie world – they exist solely to remind you how mainstream you are..
- Headline: First Black Owner in Major Sports. Impact: Robert L. Johnson's ownership of a major sports team opened the floodgates for more diverse ownership in sports. This shift led to increased representation and, oddly enough, some of the most entertaining press conferences in sports history. Thanks, Robert!. Fact: Did you know that owning a sports team is basically like being a parent? You spend tons of money, and most of the time, you just hope they don't embarrass you in public..
- Headline: Pre-Reggae Tape of Bob Marley Is Found and Put on Auction. Impact: The discovery of Bob Marley's pre-reggae tape sent shockwaves through the music world, leading to an insatiable demand for 'rare' music. This obsession eventually spiraled into the underground vinyl market, where people now pay exorbitant prices for records that were likely made in someone's basement.. Fact: Did you know that cassette tapes were once considered cutting-edge technology? Now they're just a nostalgic reminder of when your favorite mix was just a click away from being eaten by a tape player..
- Headline: INMATES GO FREE TO REDUCE DEFICITS. Impact: The decision to release inmates to cut budget deficits sparked a nationwide debate on criminal justice reform. This not only changed prison systems but also led to a new wave of reality TV shows about prison life, proving that even in tragedy, the entertainment industry finds a way to profit.. Fact: Did you know that prisons are basically just poorly designed hotels with no room service? Welcome to the real world!.
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)