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HEADLINES ON October 21, 2008
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- Headline: Hollywood Confronts Economic Turmoil. Impact: This Hollywood crisis led to the birth of the 'economic drama' genre, resulting in movies where the protagonist struggles to pay rent but somehow always has a perfectly coiffed hairstyle.. Fact: Did you know that economic crises can also lead to blockbuster hits? Because nothing says 'financial ruin' like a summer blockbuster with a $200 million budget!.
- Headline: Oil Price Drop Challenges Global Powers. Impact: The struggles of these oil-rich countries sparked a global quest for alternative energy, leading to the invention of the solar-powered toaster. Because who needs energy independence when you can have perfectly toasted bread?. Fact: Did you know that oil prices fluctuate more than a teenager's mood? Just when you think you understand it, it goes and surprises you again!.
- Headline: One Day Doesn’t Make a Trend. Impact: This lending crisis paved the way for an era of 'creative financing,' where getting a loan became more difficult than deciphering an ancient script without a Rosetta Stone.. Fact: Did you know that the only thing harder than getting a loan in tough times is finding someone who actually reads the fine print? Spoiler: It’s all bad news..
- Headline: In Fine Print, a Proliferation of Large Donors. Impact: The rise of large donors in politics led to a new sport: 'Who Can Buy the Most Influence?' – the only sport where no one wins and everyone leaves with a frown.. Fact: Did you know that in politics, money talks? And what it usually says is, 'I'm here to buy you some friends!'.
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Netflix - If you invested $1,000 in 2008, it would be worth $249,715 today (249.7x return)