August 14, 2022, Sunday
Nepal 1:37:26 pm

Ten major stories that shaped the world in 2021

The Nepal Weekly
December 28, 2021

1. The Capitol riots in the US

On January 6, as the US Congress convened to certify Joe Biden’s electoral victory, thousands of protesters rallying in the name of “Save America” violently breached the U.S. Capitol building, making it as far as the Senate chamber, killing one Capitol police officer, and injuring more than 140 others. The agitators, comprised mainly pro-Trump supporters, caused around $1.5 million in damages. Instead of encouraging a peaceful transfer of power—a fundamental tenet of American democracy – President Donald Trump stoked the flames of insurrection with rhetoric about the election being fraudulent, stolen, and called on supporters to take action.” More than 700 people involved in the riots have been charged with various crimes so far.

2. Inauguration of Biden

The inauguration of US President Joe Biden on January 20 marked a transition in executive branch rhetoric from “America First” to “America is Back.” The legitimacy of Biden’s victory with 306 electoral votes was questioned by former President Donald Trump and his supporters, with unsubstantiated claims of voter fraud used as a rallying cry for the Capitol insurrection one week prior. This particular inauguration was historic not only because a transition of power was achieved despite efforts to subvert this democratic norm, but also because Kamala Harris became the first woman and first person of African American and South Asian descent to serve in the role of vice president of the United States.

3. The GameStop short squeeze

In January, followers of the subreddit r/wall street bets effectively brought Wall Street to its knees by forcing the short squeeze of GameStop stock. In just six months, the company’s stock prices went from hovering around $5 to nearly $350 at its peak. In the days immediately following that peak, it was estimated that short sellers lost $26 billion in the squeeze. Investment app Robinhood found itself at the center of controversy when it halted the trading of GameStop stock on the app on January 28. A lawsuit was immediately filed against the company for preventing users from investing in the open stock market. The average GameStop stock price over the last year is $165.52.

4. Ever Given halts global supply chain

Ever Given, a massive cargo ship carrying more than 18,000 containers of consumer goods, ran aground in the Suez Canal on March 23. For six days, the vessel blocked the passage of more than 400 other ships, stalling an already-tenuous global supply chain. Experts have estimated that the ripple effect was 60-day shipping delays for roughly $60 billion worth of products. It also shone a light on the outdated infrastructure of freight shipping.

Since then: Although Ever Given was freed from the canal six days later on March 29, it was seized by the Suez Canal Authority and held for more than 100 days as compensation negotiations ensued. The sum demanded by the Canal Authority was initially $900 million, but later lowered to $550 million.

5. The rise of NFTs

The exact date that non-fungible tokens, or NFTs, were introduced to the world is not consistently reported, and as such is up for debate. But 2021 can be credited as their most culturally important year to date. On March 13, Christie’s sold the first NFT artwork – “Everydays: the First 5,000 Days” by artist Beeple—for $69 million. Building on the blockchain revolution, the sale represents a significant shift in the way people create, purchase, and authenticate digital art.

Since then: Countless pieces of digital art and even real world items have been turned into NFTs. Some examples include the Nyan Cat GIF, Twitter founder Jack Dorsey’s first tweet, and Nike sneakers.

6. COVID-19 vaccines available to all

By May 1, a year and a half into the COVID-19 pandemic, adults in the U.S. across all 50 states were eligible to receive a Pfizer, Moderna, or Johnson & Johnson vaccination. Both Pfizer and Moderna use a novel mRNA technology to create their vaccines, while Johnson & Johnson’s vaccine uses more traditional, pre-existing information-delivery technology. It was a milestone met by the American public with hope, relief, and, for many, hesitancy. With the introduction of these vaccines and reported cases on the decline, the USA, and many other parts of the world reopened their economies. In the month following the vaccination rollout in the U.S., coronavirus cases hit their lowest rates in over a year. But by July, cases began soaring due to the high transmissibility of the Delta variant.

7.  The billionaire space race

Elon Musk, Jeff Bezos, and Richard Branson all jockeyed for headlines relating to private space travel and astro tourism this year. On July 11, Branson became the first civilian aboard his own rocket ship to reach space. Branson reached an altitude of 53 miles above ground—3 miles beyond the threshold of space, according to NASA, the U.S. military, and the Federal Aviation Authority. Nine days later, Blue Origin, with Bezos aboard, reached a height of 66.5 miles above Earth’s surface on its inaugural voyage—four miles above the Karman Line. In true best-for-last fashion, Musk’s company SpaceX launched the groundbreaking Inspiration4 mission on September 15, during which four civilians spent three days in orbit without trained astronauts on board. Regardless of where space truly begins, each flight brought humanity one step closer to the reality of commercial space travel.

8. Mental health dominates Tokyo Olympics

Star gymnast Simone Biles withdrew from the Team USA final during the Tokyo Olympics in July, citing mental health concerns. Her decision initiated an unprecedented conversation about how being a professional athlete, specifically an athlete in the Olympic Games, can exact a dangerous toll on one’s mental health. Biles’ actions drew more social media attention than the highly anticipated and long-advertised interview between Meghan Markel, Prince Harry, and Oprah, according to Newswhip. A chord had been struck. While some lauded her decision as a sign of mental fortitude and maturity, many criticized her choice as weak and selfish. Mental health will be a major focus of the 2022 Winter Olympics in Beijing, with athletes undergoing several screenings for depression, anxiety, sleep disorders, and substance use.

9. America withdraws from Afghanistan

On August 31, the U.S. withdrew the last of its troops from Afghanistan, following through on a deal reached by the Trump administration to end the 20-year war. While the majority of Americans (54%) agree that withdrawal from the country was the right decision, 40% of people believe it was handled poorly. The Taliban regained control of Afghanistan in just under 10 days, before American troops had completed their evacuation, seizing Kabul on August 15. President Joe Biden adamantly defended the decision and the withdrawal operation.

Since then: Roughly 65,000 Afghan refugees were evacuated with American troops and Americans living in-country. As of December, about half of those refugees are still waiting on military bases across the country for their permanent placements in the United States.

10. The release of the Facebook Files

In September, the Wall Street Journal published a series of investigative reports called “The Facebook Files” thanks to documents released by a whistleblower at the company. The files confirm some of the most heinous allegations made against Facebook and its subsidiaries, including the negative impact on teenage girls, the pervasive spread of hate speech and misinformation, and ad hoc decisions around censorship. Perhaps most concerning is that these dangers—and other systemic problems—are well-known and well-documented internally.

Since then: Frances Haugen, a data scientist and former Facebook product manager, revealed her identity as the whistleblower on September 16 in a “60 Minutes” interview. Haugen testified before Congress.