Breakthroughs and everyday innovations from the year.
HEADLINES ON May 16, 2008
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- Headline: China Seeks International Aid After Earthquake. Impact: This seemingly innocent invitation for help led to a butterfly effect where China became the world's go-to for everything from tech to tea. Who would have thought a natural disaster could spark an international obsession with feng shui?. Fact: Did you know that inviting help can sometimes lead to unexpected friendships? Just ask your neighbor who borrowed your lawnmower and never returned it..
- Headline: Merrill's Risky Piggyback Loans Explained. Impact: This report on real estate shenanigans paved the way for an era of confusion in lending practices, leading to the creation of countless financial terms that sound like they were made up in a game of Scrabble.. Fact: Did you know that piggyback loans were actually named after kids who didn't want to walk home from school? Because they sure don't want to carry their own financial burdens either..
- Headline: Scandal of Hollywood Private Eye Convicted. Impact: Pellicano's fall from grace sent shockwaves through Hollywood, resulting in a generation of private eyes who now only investigate if there's a sequel in the works. There's no better way to ruin a reputation than getting caught in a wiretap!. Fact: Did you know that Hollywood's biggest secret isn't just about who’s dating who, but that they all have private eyes that are just as messy as their love lives?.
- Headline: Wanting Answers, Wagner Adds Questions. Impact: The Mets' existential crises after this season led to a whole new genre of sports psychology, where fans now have to pay for therapy sessions to cope with their team’s failures. Thanks, Wagner!. Fact: Did you know that asking questions in sports is just a fancy way of saying you're confused? It's like watching a toddler try to understand why the sky is blue..
- Headline: CBS in Deal to Buy CNet to Increase Online Ads. Impact: This acquisition marked a turning point in how media companies view the internet, leading to a never-ending stream of pop-up ads and clickbait that turned 'news' into the new 'infomercial'.. Fact: Did you know that buying a tech site for ads is like buying a treadmill for a gym? It's mostly for show, and everyone knows it won't get much use..
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Netflix - If you invested $1,000 in 2008, it would be worth $249,715 today (249.7x return)