DECEMBER 25, 2007

Full News Archive

• Headline: Merrill's Deal Boosts Market Confidence. Impact: This deal not only rescued Merrill but also launched a thousand hedge funds. Somewhere, a foreign investor is sipping a piña colada while buying up your local diner because of this moment.. Fact: The phrase 'too big to fail' was coined around this time. Funny, huh? Because it turns out, if you throw enough money at something, it can fail spectacularly anyway..
• Headline: Diverse Learning at Georgia Elementary School. Impact: This school became a blueprint for future models of cultural integration, leading to the invention of 'multicultural crayons' in 15 years. Because who doesn't want to color outside the lines?. Fact: The school’s motto eventually became, 'We're all different shades of awesome!' – which is totally not a cliché at all..
• Headline: Knicks' Star Duo Faces Separation. Impact: The breakup of Curry and Randolph led to a chain reaction in the NBA, ultimately resulting in the invention of the 'Curry Defense' – a strategy that involves running away from the basket as fast as possible.. Fact: Eddy Curry once had so many turnovers that they considered renaming him 'The Bakery.'.
• Headline: Conserving Cuba, After the Embargo. Impact: The conservation efforts in Cuba led to the rise of eco-tourism, turning the island into a paradise for Instagram influencers who just wanted to take selfies with endangered turtles.. Fact: The embargo meant that Americans missed out on some truly bizarre souvenir opportunities, like 'Cuban Monopoly' where you can only buy properties with cigars..
• Headline: Merrill Lynch Sells Stake to Singapore Firm. Impact: Merrill's stake sale was the start of an international game of financial chess that led to countless power shifts and a few too many hedge fund managers with questionable haircuts.. Fact: The Singapore firm was secretly looking to invest in a new line of luxury cat litter, proving that even in finance, the stakes can get a little... hairy..