MARCH 18, 1985

Full News Archive

• Headline: Ohio Financial Crisis Raises Alarm. Impact: The Ohio savings institution crisis led to a nationwide panic that triggered the creation of the modern financial safety net. Without this, we might still be bartering with chickens and homemade candles.. Fact: Did you know this crisis prompted the phrase 'Too big to fail'? It was a comforting lie that allowed giant corporations to continue misbehaving for decades. Thanks, Ohio!.
• Headline: Thrift Unit Crisis Impacts Homebuyers. Impact: This thrift crisis caused a generation to become paranoid about savings, leading to the rise of the frugal movement. If only they’d realized that worrying about finances was just as effective as hiding cash under the mattress.. Fact: Did you know that the phrase 'a penny saved is a penny earned' was never meant to inspire anxiety? It was actually about avoiding the purchase of overpriced lattes!.
• Headline: VILLANOVA UPSETS NO. 2 MICHIGAN; SYRACUSE FALLS ; ORANGE LOSE TO GA. TECH.. Impact: This upset not only altered the NCAA tournament trajectory but also inspired countless underdog stories in sports movies. Thanks to Villanova, the Hollywood scriptwriters had a field day!. Fact: Did you know that the term 'Cinderella story' became synonymous with NCAA upsets? If only they knew it would lead to countless mediocre feel-good movies featuring heartwarming montages and cheesy soundtracks!.