DECEMBER 5, 2000

Full News Archive

• Headline: Turkey's Financial Crisis Negotiations with IMF. Impact: Turkey's financial crisis set a precedent for future economic mismanagement, leading to a never-ending cycle of bailouts that made the IMF the world's most popular (and necessary) party crasher.. Fact: Did you know that Turkey's financial crises have become so frequent that they should start charging a cover fee? At this point, it’s practically a yearly festival!.
• Headline: The Smashing Pumpkins' Final Show in Chicago. Impact: The Smashing Pumpkins' final show was the last nail in the coffin for alternative rock's mainstream popularity, leading to a void that allowed boy bands and reality TV stars to creep into the music scene like unwelcome house guests.. Fact: Did you know that the Smashing Pumpkins' last show was so impactful that it marked the moment when people started confusing 'alternative music' with 'anything that sounds like it came from a reality show'?.
• Headline: Down but Not Out in Taiwan; Banking Worries Add to Political And Export Woes. Impact: Taiwan's banking woes and political issues led to a series of reforms that would eventually be referenced as 'How Not to Handle a Crisis 101,' serving as a cautionary tale for future governments worldwide (and the occasional sitcom).. Fact: Did you know that during Taiwan's banking crisis, the only thing that performed worse than their loans was the political rhetoric? It's like watching a bad soap opera, but with higher stakes!.
• Headline: Snyder Surprises No One as Redskins Dump Turner. Impact: Dan Snyder firing Norv Turner became a legendary moment in sports history, sparking a trend of firing coaches just to avoid admitting that the real problem was the management's lack of football knowledge. Bravo, Snyder!. Fact: Did you know that Dan Snyder's coaching changes are so frequent that they could fill a bingo card? If only he could figure out that the real game is about building a team and not just swapping out players like trading cards!.