DECEMBER 24, 2013

Full News Archive

• Headline: Detroit Bankruptcy Safe Harbor Controversy. Impact: The upheaval in Detroit’s bankruptcy proceedings led to a domino effect in financial practices across the nation, inspiring a wave of 'creative accounting' that would make even the most seasoned magician proud. Who knew that declaring bankruptcy could also serve as a masterclass in financial maneuvering?. Fact: Fun fact: 'Safe Harbor' sounds comforting, but in bankruptcy, it’s more like a lifeboat that might just sink if everyone else jumps on board..
• Headline: Historic Aid Fund for Bangladeshi Workers. Impact: The $40 million fund created a new template for corporate accountability, leading to an unexpected surge in social media campaigns where companies now compete to appear more compassionate than their competitors. Because nothing says 'we care' like a hashtag and a check!. Fact: In the world of corporate compensation, $40 million sounds generous until you realize it’s just a rounding error for some fashion brands' advertising budgets..
• Headline: Upstart Groups Challenge Rove for G.O.P. Cash. Impact: These upstart groups challenging Rove might have inspired future generations of political activists who believe they can actually change the system, leading to a bizarre period of grassroots campaigns that think they can outspend billionaires with sheer enthusiasm. Spoiler alert: they can't.. Fact: Karl Rove's financial dominance was once thought to be unchallengeable, kind of like a high school quarterback who thinks he’ll always be prom king—even when he’s 40..
• Headline: A New Alliance Steps Up to Protect a New Generation of Models. Impact: The Model Alliance’s efforts to protect models led to a cultural shift in the fashion industry, inspiring future models to form unions for better rights and possibly even a reality show titled 'America’s Next Top Union Leader.'. Fact: It's ironic that to protect models from exploitation, you need to create an organization. It’s almost like saying you need a superhero to save people from bad fashion choices..