DECEMBER 20, 2013

Full News Archive

• Headline: Zions Bank's Financial Innovation Mishap. Impact: Zions Bank's financial misadventures set off a chain reaction that led to tighter regulations, which ironically resulted in banks finding even more creative ways to lose money—thank you, capitalism!. Fact: Did you know 'ill-fated financial innovation' is just Wall Street's way of saying, 'Oops, we did it again'?.
• Headline: Amex Charges Now Easier for Vendors. Impact: The introduction of two-tier pricing caused a minor explosion in consumer outrage, which led to the rise of countless discount apps—because who wouldn’t want to save a couple of bucks while supporting a company that probably charges them for air?. Fact: Did you know that 'two-tier pricing' is just a fancy way of saying, 'We’re going to charge you more if you don’t complain?'.
• Headline: Fans Criticize Move to Suspend ‘Duck Dynasty’ Star. Impact: The backlash against A&E for suspending Phil Robertson transformed the way networks handled controversial figures, ultimately leading to the rise of social media influencers who can say whatever they want, consequence-free—because who needs accountability?. Fact: Did you know that the only thing more surprising than a reality TV star making controversial comments is the fact that people still watch reality TV?.