JANUARY 23, 2014

Full News Archive

• Headline: Challenges of U.S. Offshore Wind Development. Impact: The failure of the U.S. offshore wind farm led to a national crisis where Americans began to question if they could even make a decent cup of coffee without foreign help. This sparked a movement of 'American-made' coffee that was somehow more overpriced and less effective than the previous European imports.. Fact: Did you know that the wind farm was initially planned to be powered by American ingenuity? Too bad that wind was just a strong breeze of disappointment..
• Headline: Exporting U.S. Rules for Foreign Banks. Impact: The exporting of U.S. rules for foreign banks led to an international game of 'bank compliance dodgeball' where countries played fast and loose with regulations, resulting in the world’s largest financial game of chicken where everyone's too scared to flinch.. Fact: Did you know that foreign banks can ignore some U.S. regulations? It's like having a 'get out of jail free' card, but only if you're wearing a fancy suit and have a British accent..
• Headline: Leaning Right in Hollywood, Under a Lens. Impact: The IRS review of Friends of Abe triggered a wave of scrutiny across Hollywood, leading to a new genre of films: IRS thrillers, where accountants become the heroes. Spoiler alert: the climax is always a tax audit.. Fact: Fun fact: Hollywood is known for its liberal leanings, but apparently, even tax-exempt organizations can’t escape the IRS’s watchful eye. Who knew tax season could be so dramatic?.