DECEMBER 24, 2003

Full News Archive

• Headline: LG Card Auction Fails to Attract Bidders. Impact: Had this auction succeeded, LG Card might have transformed the credit card industry into something resembling a reality show with contestants bidding on debt. Instead, it led to a great existential crisis for credit cards, resulting in the eventual rise of cash-only hipster cafes.. Fact: Did you know that credit cards were once considered a luxury item? Now, they're more common than avocado toast at brunch..
• Headline: Rodriguez Remains with Texas Rangers. Impact: When the Rangers decided to keep Rodriguez, it set off a chain reaction that ultimately led to more high-value contracts in sports. This may have indirectly caused the price of nachos at games to skyrocket, forcing fans to choose between their mortgage and their guacamole.. Fact: Alex Rodriguez was once the highest-paid player in baseball. And now, he’s just the highest-paid commentator trying to redeem his past..
• Headline: World Business Briefing | Europe: Britain: Food Units Sold. Impact: The sale of these food units might have set off a culinary chain reaction across Europe, leading to an unexpected rise in the popularity of Irish stew in the most unlikely of places: hipster food trucks. Who knew business deals could stir the pot quite so literally?. Fact: Northern Foods has nothing to do with the Northern Lights, though it might brighten your day if you like frozen meals..
• Headline: Lawyers Take Suspicions On TV Azteca To Its Board. Impact: This legal inquiry into TV Azteca opened the floodgates for corporate transparency, which ultimately led to boardrooms everywhere being filled with more lawyers than actual board members. You could say it was the beginning of the 'lawyerization' of television.. Fact: Did you know that TV Azteca is the second-largest broadcaster in Mexico? That’s right, they’re just one step away from creating their own reality show about corporate scandals..