SEPTEMBER 25, 2001

Full News Archive

• Headline: Bush Freezes Terror Linked Assets Worldwide. Impact: Bush's freeze might have stopped a few shady characters from sipping piña coladas in the Caribbean, but it also led to a dramatic rise in underground banking. Who knew the black market could be so trendy?. Fact: Did you know that freezing assets doesn't actually mean they get turned into ice cubes? Yeah, surprising, right?.
• Headline: Korean Air Faces Flight Cutbacks. Impact: Cutting flights might have seemed like a good idea at the time, but it led to a boom in the burgeoning field of virtual travel. Thanks, Korean Air, for inspiring a generation of couch potatoes to explore the world from their living rooms!. Fact: Fun fact: Cutting flights doesn't actually cut down on jetlag. You still need to sleep on your couch for six hours to recover!.
• Headline: Insurers Gain Flexibility in Stock Investments. Impact: Allowing insurers more flexibility in investments might have seemed like a bright idea, but it also paved the way for hedge funds to get even weirder with their investments—because who wouldn’t want to bet on which way the wind blows?. Fact: Did you know that 'leeway' is just fancy talk for 'Let’s pretend we know what we’re doing while we gamble with your money'?.
• Headline: World Business Briefing | Europe: Switzerland: Interest Rate Cut. Impact: The Swiss National Bank's decision to cut interest rates may have temporarily calmed the economy, but it also led to a spike in fondue consumption. When the economy's in trouble, nothing says comfort like melted cheese!. Fact: Did you know that in Switzerland, they have a national holiday dedicated to cheese? At least they know what truly matters!.