AUGUST 30, 1977

Full News Archive

• Headline: Galiber and Associates Indicted for Fraud. Impact: The indictment of Galiber and friends kickstarted a wave of mistrust in government officials. Fast-forward a few decades, and you can see how that might have led to the creation of reality TV shows featuring people who think they can also run for office. Thanks, Galiber!. Fact: Did you know that 'conspiracy to defraud' sounds way cooler than 'I just made a really bad financial decision'?.
• Headline: Gulf Coast Tropical Depression Forming. Impact: This tropical depression is basically the precursor to every dramatic weather report where they say, 'It's just a storm,' and then half the country loses power. Weather reporters owe their careers to these little guys.. Fact: Did you know that tropical depressions usually just need a hug? They just want to be taken seriously, but the wind keeps blowing them off course!.
• Headline: 10% Swedish Devaluation Roils European Market.. Impact: This devaluation sent shockwaves through Europe, causing a chain reaction of economic policies that would eventually lead to the Euro. Who knew Sweden’s wallet woes could ruin so many vacations?. Fact: Did you know that 'roiling markets' is just a fancy way to say that everyone involved is frantically trying to figure out who lost the most money?.
• Headline: First Alaskan Oil Cargo Awaits Panama Canal Passage. Impact: The first Alaskan oil cargo making its way through the Panama Canal marked the start of a love affair between oil and politics that would lead to more than a few awkward family dinners in Washington D.C. Oil, the real family member nobody wants to talk about.. Fact: Did you know that tankers have more oil than most people's understanding of world politics? And by 'understanding,' I mean complete confusion..
• Headline: China ‘Quite Unhappy’ With Carter Over Taiwan, a Top Leader Says. Impact: China's unhappiness over Taiwan led to years of diplomatic waltzing that would make any ballroom dancer dizzy. The U.S. and China have been stepping on each other's toes ever since.. Fact: Did you know that 'quite unhappy' is diplomatic code for 'we're considering a strongly worded letter'?.
• Headline: S.E.C. REPORT LIKELY TO DELAY NOTE SALE, FISCAL EXPERTS SAY. Impact: This SEC report is a perfect example of how one little scandal can ripple through the city’s financial landscape, leading to more red tape than a Christmas gift. Just when you thought NYC could catch a break!. Fact: Did you know that financial experts are like your friend who always has a reason to avoid making plans? They’ll tell you anything to delay the inevitable!.