Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON May 15, 2007
Full News Archive
- Headline: Emerging Wine Regions Challenge Tradition. Impact: As Brazil's desert grapes began to ferment, the wine industry experienced an unexpected boom, leading to a global shortage of traditional French wines. In a twist of fate, 'Brazilian desert wine' became the new status symbol, and sommeliers had to start taking desert survival courses.. Fact: Fun fact: Apparently, you can make wine anywhere, even in a desert. Who knew grapes were such globe-trotters?.
- Headline: Art and Bargains: A Unique Experience. Impact: This 'perfect art experience' prompted a new trend where artists began selling their work from their windows, ushering in a bizarre era of art critics critiquing from the street. This ultimately led to the rise of 'window art appreciation' as a mainstream hobby. Because who needs galleries, right?. Fact: Did you know that the term 'art experience' was coined to justify overpriced canvases? You can thank Brooklyn for that!.
- Headline: A Corporate Divorce on the Cheap. Impact: Daimler's corporate divorce not only changed the landscape of the automotive industry but also inadvertently led to a surge in DIY truck-building workshops, where hobbyists believed they could out-design luxury vehicles. Spoiler alert: they couldn't.. Fact: Interesting tidbit: Daimler’s decision to go solo meant they could finally stop arguing over who gets to pick the playlist during road trips..
- Headline: In Deal, a Test for the U.A.W.. Impact: Cerberus Capital Management’s attempt to cut Chrysler’s healthcare obligations sparked a massive labor movement that inspired a new wave of labor rights activism. Ironically, this led to the U.A.W. being seen as the hero in a story that was supposed to be about corporate greed.. Fact: Did you know that Cerberus is named after the three-headed dog from Greek mythology? Seems fitting since they definitely have three ways to mess things up!.
Wall Street Time Machine
AMZN
Amazon
Amazon - If you invested $1,000 in 2007, it would be worth $117,189 today (117.2x return)
NFLX
Netflix
Netflix - If you invested $1,000 in 2007, it would be worth $247,275 today (247.3x return)