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HEADLINES ON February 16, 2009
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- Headline: Market Recession Coverage Challenges. Impact: As financial journalists continue to struggle with covering the recession, they inadvertently pave the way for a rise in conspiracy theories, leading future generations to believe that the economy is secretly controlled by a cabal of squirrels. Yes, you heard that right: squirrels.. Fact: Did you know that in the world of economics, the term 'recession' actually comes from the Latin word 'recessus,' meaning 'to go back'? Which is ironic, considering how far we've gone back in our financial literacy..
- Headline: Smartphones in Classrooms: A New Perspective. Impact: The push to incorporate smartphones in classrooms leads to an unexpected twist: students invent a new language consisting solely of emojis, which eventually becomes the official language of the internet. Sorry, Shakespeare.. Fact: Did you know that the first smartphones were actually called 'smart' because they could do basic math? Now they just do basic social media stalking..
- Headline: TV Technology and Internet Connectivity Trends. Impact: The reluctance of TV manufacturers to embrace the Internet leads to the rise of streaming services, which creates a paradox where people are binge-watching shows about people binge-watching shows. Welcome to the inception of entertainment!. Fact: Did you know that back in the day, TV manufacturers thought the internet would be a passing fad? Kind of like how they thought VHS would never die. Surprise!.
- Headline: Carlos Slim Helú: The Reticent Media Baron. Impact: Carlos Slim's complex relationship with the media inspires countless future media moguls to adopt a similar 'I love you, but I don't really trust you' approach, resulting in a generation of journalists who are either very confused or very rich.. Fact: Did you know that Carlos Slim's name translates to 'slim' in English? A fitting name for a man who's managed to remain financially 'fit' in the media landscape..
- Headline: Japan’s Economy Plunges at Fastest Pace Since ’74. Impact: Japan's economic plunge sets off a global chain reaction that leads to the Great Coffee Crisis of 2023, where people everywhere realize that their caffeine addiction was built on a shaky economic foundation. Good luck finding a barista now!. Fact: Did you know that Japan's economy has been in and out of recessions more times than most people change their socks? And yet, they still manage to produce some of the world's best socks..
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Netflix - If you invested $1,000 in 2009, it would be worth $220,288 today (220.3x return)