JANUARY 18, 2002

Full News Archive

• Headline: Small Businesses Struggle Post 9/11. Impact: The inadequate compensation for small businesses in the World Trade Center area led to a thriving black market for bagels and overpriced coffee, as desperate entrepreneurs began selling artisanal snacks out of their basements. Who knew that the best way to stimulate an economy was to make bagels trendy?. Fact: Did you know that the term 'small business' has been redefined since this tragedy, now including anything from artisanal soap makers to the guy selling handmade candles on a street corner?.
• Headline: NYC Unemployment Soars in December 2001. Impact: The spike in unemployment in New York City resulted in an unexpected surge in creativity, as thousands of former employees turned to street performance art. This inadvertently gave rise to the viral 'New York mime' phenomenon, which still haunts tourists to this day.. Fact: Did you know that the unemployment rate is just a fancy way of saying, 'more people have time to perfect their sourdough recipes'?.
• Headline: AIG's Controversial Acquisition Bid. Impact: AIG's potential withdrawal from acquiring Hyundai units led to an unexpected partnership between Hyundai and a local food truck, which became a hit and sparked a global trend for food trucks everywhere. Who knew finance could lead to tacos?. Fact: Did you know that AIG stands for 'Absolutely Ignoring Growth' when it comes to their investment strategies? Just kidding, but it feels that way sometimes!.
• Headline: Airbus Plans $530 Million In Cost Cuts. Impact: Airbus's decision to cut costs led to a series of unfortunate events in the airline industry, including the rise of budget airlines that had passengers questioning if they were flying or just being transported in a tin can. Thanks, Airbus!. Fact: Did you know that the phrase 'early retirement' is code for 'you're getting laid off but we’ll let you keep your office plant'?.