JULY 8, 2011

Full News Archive

• Headline: Wall Street Self-Regulation and Prosecutorial Trends. Impact: This leniency led to Wall Street's creative accounting practices, causing a ripple effect that would eventually make 'too big to fail' a household phrase. Who knew a little self-policing could lead to the 2008 financial crisis and the rise of the meme 'bailout bonanza'?. Fact: Did you know that leniency in prosecution can sometimes feel like getting a gold star for bad behavior? Just ask any Wall Street broker!.
• Headline: Debate on International Accounting Standards. Impact: Adopting international standards meant that accountants everywhere would have to learn new lingo, paving the way for the rise of the ‘flavor of the month’ accounting firm. Soon, it became fashionable to be confused about your own finances!. Fact: Did you know that the phrase 'creative accounting' is just a fancy way of saying 'we're making this up as we go along'?.
• Headline: Enough About You; Let’s Revisit My Glory Days. Impact: The portrayal of divas in pop culture became so exaggerated that by the 2020s, reality TV stars were claiming diva status, leading to an entire generation of over-the-top personalities and a spike in eye-rolls worldwide.. Fact: Did you know that playing a diva requires both talent and the ability to throw a tantrum? It’s a fine art, really—just ask any reality TV star!.