NOVEMBER 10, 2001

Full News Archive

• Headline: Bloomberg's Leadership Transition in NYC. Impact: Bloomberg's first 72 hours were so impressive that it set the standard for future mayors to actually do their jobs. This led to a surge in the expectations for public servants, which in turn resulted in countless political scandals as mayors realized they could not meet such lofty ideals. Thanks, Mike!. Fact: Did you know that Bloomberg's first action was to ban all non-essential meetings? Just kidding, it was probably something far more mundane like 'buying bagels for the team.'.
• Headline: Musharraf's Diplomatic Plea to the U.S.. Impact: Musharraf's quest for 'gestures' was a catalyst for what would become a never-ending cycle of political bargaining, leading to a global trend of leaders throwing around promises like confetti, often with little follow-through. Ah, democracy in action!. Fact: Did you know that the phrase 'major gestures' was later adopted by every politician ever to mean, 'I’ll say nice things while doing absolutely nothing'? It’s now a classic!.
• Headline: Rival to Buy Enron, Top Energy Trader, After Financial Fall. Impact: The acquisition of Enron by Dynegy became a cautionary tale for future CEOs everywhere. It sparked an era of corporate skepticism so intense that boardrooms now require a 'trust but verify' motto, along with mandatory ethics classes. Who knew financial collapse was a great teacher?. Fact: Fun fact: After the fall of Enron, the term 'creative accounting' became synonymous with 'let's pretend everything is fine until it’s not.'.