JULY 24, 2013

Full News Archive

• Headline: SAC Capital Advisors Indictment Looms. Impact: The indictment of SAC Capital led to a frenzy of hedge fund regulations, making future billionaires think twice before indulging in shady dealings. Ironically, it also sparked the rise of online poker, where the only thing at stake is your dignity.. Fact: SAC Capital’s downfall was so monumental that they considered rebranding to 'SACK Capital' just for the irony, but decided against it after realizing they'd still be associated with their own bad decisions..
• Headline: Uncovering Abuse in 'Tough Love' Schools. Impact: The revelations about these schools ignited a national conversation about child welfare, leading to reforms that somehow still managed to overlook the fact that some adults just really shouldn’t be in charge of kids.. Fact: These schools often claimed to promote discipline, but it's hard to tell if they were teaching tough love or just making future inmates feel right at home..
• Headline: Legal Battle Lifts Profile of a Quiet Empire. Impact: The legal battle over Barry Portnoy's investment trust opened the floodgates for a slew of reality TV shows about rich people fighting over their money, leading to an unfortunate trend of viewers rooting for the villains.. Fact: Barry Portnoy’s empire became so famous that even his investment trust started getting fan mail—who knew real estate could be a heartthrob?.