NOVEMBER 17, 2000

Full News Archive

• Headline: Dresdner Bank's Strategic Order Processor Deal. Impact: This deal for the order processor led to a chain reaction where banks began to focus more on tech. Fast forward a few decades, and now we have ATMs that can talk back to you, but only to remind you how broke you are.. Fact: Dresdner Bank AG is like that friend who tries to impress you by showing off their new gadget, but it turns out they just borrowed it from someone else..
• Headline: Ebbers' Financial Maneuvering at WorldCom. Impact: Bernie Ebbers' frantic cash-raising efforts became a cautionary tale for future tech moguls. Who knew that selling stock could lead to a financial apocalypse? Just ask anyone who invested in a Blockbuster franchise.. Fact: WorldCom's decline was so spectacular that it could have been a blockbuster movie. Spoiler alert: the sequel was called 'Enron'..
• Headline: Sprewell Speaks Out on Team Dynamics. Impact: Sprewell's complaints about playing time led to a revolution in player management. Now teams have psychologists and personal chefs, just to keep everyone happy—because heaven forbid a millionaire athlete gets their feelings hurt.. Fact: Sprewell's career was so colorful that if it were a painting, it would be a Jackson Pollock—splattered with drama and confusion..
• Headline: Teachers and City Hall Battle Over Contract. Impact: The contract dispute between teachers and City Hall initiated a long tradition of public sector strikes, leading to an era where teachers have to remind everyone that they aren't babysitters, but well-educated professionals.. Fact: The only thing longer than the average school day was the list of excuses teachers had to come up with to justify why they needed a raise..
• Headline: O'Neill Returns to Yanks for One More Run. Impact: O'Neill's return to the Yankees sparked a series of comebacks in sports. Now, every time a washed-up player stumbles back onto the field, fans pretend it's a miracle instead of a desperate attempt to pay the bills.. Fact: Paul O'Neill's re-signing had fans feeling nostalgic—probably because it reminded them of the last time they had hope for a championship..