FEBRUARY 22, 1989

Full News Archive

• Headline: Bush's Savings Plan Under Criticism. Impact: This plan, with its mountain of 'ifs,' paved the way for a generation of economists to invent the term 'fuzzy math.' By the time the dust settled, everyone was just guessing, leading to a national obsession with lottery tickets as a viable savings plan. Who needs a financial strategy when you have dreams and scratch-offs?. Fact: Did you know that President Bush's plan relied heavily on the assumption that interest rates would decline? Spoiler alert: they didn’t. But hey, at least it made for great cocktail party conversation!.
• Headline: Amoco Cadiz Oil Spill Damages Increase. Impact: The Amoco Cadiz spill became a pivotal moment that triggered stricter environmental regulations and public outcry over corporate accountability. Fast forward to today, and every time someone complains about a plastic straw, you can thank Amoco for setting the precedent.. Fact: Did you know that the Cadiz spill was one of the largest oil spills in history? It’s not just a trivia question; it’s a reminder that corporations can be real party poopers!.
• Headline: BUSINESS PEOPLE; Wendy's President Adds Chief Title, Too. Impact: With Wendy's leadership doubling down on titles, this marked the beginning of the corporate trend where job titles became longer than the actual job descriptions. Now we have Chief Happiness Officers and Vice Presidents of Synergy. Because adding 'chief' makes everything sound more important, right?. Fact: Did you know that adding 'chief' to a title doesn’t actually make someone a chief? It just means they’re really, really important... in their own mind..
• Headline: BUSINESS PEOPLE; Vice President Named By G.E. to Head Audits. Impact: This appointment signaled the corporate world's unending love affair with audits, leading to a rise in coffee consumption among accountants everywhere. Spoiler alert: audits are still just as exciting today as they were back then—if you enjoy staring at spreadsheets for hours on end.. Fact: Did you know that audits are often considered the thrilling side of corporate life? Said no one ever. But hey, at least they come with the perk of free coffee!.