JANUARY 5, 2010

Full News Archive

• Headline: Visa's Market Dominance Through Card Fees. Impact: Visa's card fee strategy led to the rise of ridiculous service fees everywhere. Thanks to them, you can now pay 2% more just to swipe your card at a gas station—because who doesn't love a good financial punch in the gut?. Fact: Did you know that if Visa were a person, they'd probably be that friend who borrows money and then charges you interest to pay them back? Classic..
• Headline: Credit Suisse Resort Fraud Allegations. Impact: Credit Suisse's alleged fraud could have made the entire finance sector rethink its values. If they had actually stopped, we might have seen a world where investors trust banks—oh wait, never mind.. Fact: Fun fact: $24 billion is roughly the same amount of money people lose every year buying avocado toast. Priorities, right?.
• Headline: U.S. Relations with Yemen's Saleh Administration. Impact: Ali Abdullah Saleh's family-first approach set a precedent for future world leaders, leading to an exciting trend of nepotism that continues to inspire countless dictators and corporate CEOs alike.. Fact: Did you know that in Yemen, 'family first' doesn’t just mean family dinners? It’s a full-on political strategy!.
• Headline: Dubai Opens a Tower to Beat All. Impact: The opening of the world's tallest building in Dubai amidst a crash was like throwing a lavish party while your house is on fire. This set the stage for future 'look at us!' architecture, where aesthetics clearly trumped fiscal responsibility.. Fact: Fun fact: Dubai's Burj Khalifa is so tall that it can actually be seen from space. Too bad it can't be seen from the bank accounts of those who invested in it..
• Headline: Google Moves to Keep Its Lead as Web Goes Mobile. Impact: Google's push for mobile dominance meant that soon everyone would be glued to their phones. Thanks to the Nexus One, society shifted from face-to-face conversations to 'can you hear me now?' texts.. Fact: Did you know that the Nexus One was so advanced it could make your coffee? Just kidding—still waiting on that feature!.