2002 General Overview
A wave of corporate scandals erupt when Enron, the country's largest energy trader, files for bankruptcy in December 2001 while under federal investigation for hiding debt and misrepresenting earnings. Arthur Andersen, Enron's accounting firm and auditor, falls next, after it is convicted of destroying Enron-related documents. This debacle is followed by similar events with WorldCom, Tyco, Qwest, Global Crossing and ImClone.
A human-like skull that may be up to 7 million years old (twice as old as any others found) is discovered and named Toumai. Poma, the first wearable personal computer for consumers, is announced. It weighs 11 ounces and clips onto a belt. A 2-ounce handheld knob takes the place of a mouse, and an inch-wide 3-ounce screen slips over one eye.
Real Estate Overview
A well-promoted real estate book, “The Millionaire Real Estate Agent: It’s Not About the Money,” by Gary Keller, Dave Jenks and Jay Papasan is published.
Consumer adoption of the Internet as a means to search for homes accelerates rapidly, and by 2005 will significantly change the way in which the entire real estate marketplace operates.
