JULY 26, 2013

Full News Archive

• Headline: SAC Capital Advisors Investigation Overview. Impact: The relentless pursuit of justice against SAC Capital Advisors set a precedent that made every hedge fund manager think twice before throwing a wild party with insider trading. Consequently, a generation of Wall Street traders became obsessed with yoga and meditation, fearing the wrath of the legal system.. Fact: SAC Capital Advisors was like the cool kid in school—everyone wanted to be friends, but no one wanted to get caught doing anything illegal. Spoiler alert: they did get caught..
• Headline: Global Demand for Infant Formula Surges. Impact: The global infant formula craze birthed an international black market where parents were trading baby milk like it was the last bottle of whiskey during Prohibition. Who knew that powdered milk could become the new Bitcoin?. Fact: In a surprising twist, the infant formula shortage led to more parents learning to make organic baby food at home, much to the dismay of their taste buds and the joy of their Insta followers..
• Headline: In Tug of War Over New Fed Leader, Some Gender Undertones. Impact: The tug of war over the Fed leader position sparked a massive increase in awareness about gender equality in finance, leading to a decade of book clubs where everyone pretended to read feminist literature while actually discussing their favorite wine.. Fact: The gender dynamics in finance are so skewed that if you see a woman in a top economic position, you might want to get her autograph. It's like spotting Bigfoot—rare, but definitely not a myth!.