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HEADLINES ON February 15, 2007
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- Headline: Bernanke's Optimistic Economic Forecast. Impact: Ben S. Bernanke's positive outlook on unemployment led millions to buy overpriced avocados, mistakenly believing they could afford them thanks to low unemployment. Little did they know, a decade later, avocado toast would be the symbol of millennial financial ruin.. Fact: Did you know that Bernanke once said the economy is like a dog? It can be trained, but it might still chew up your favorite pair of shoes..
- Headline: Libby Trial Captivates Online Bloggers. Impact: The Libby trial coverage ignited a trend of trial blogging, which eventually spiraled into live-tweeting court cases. Now, every courtroom drama is just a hashtag away from becoming the next reality show.. Fact: It's ironic that in a world full of bloggers, the most pressing question remains: 'What did they wear to court?'.
- Headline: Germany Battling Rising Tide of Corporate Corruption. Impact: The spotlight on corporate corruption in Germany paved the way for countless corporate scandals worldwide, proving that if you want to be a successful exporter, you might as well do it with a side of scandal. Who knew corruption had such a strong export rate?. Fact: Germany’s motto might as well be 'Efficiency in everything… including corruption!'.
Wall Street Time Machine
AMZN
Amazon
Amazon - If you invested $1,000 in 2007, it would be worth $117,189 today (117.2x return)
NFLX
Netflix
Netflix - If you invested $1,000 in 2007, it would be worth $247,275 today (247.3x return)