MAY 30, 2014

Full News Archive

• Headline: A New Era of Banking Regulation Post-Crisis. Impact: This 'spirit' of banking regulation led to a frenzy of bureaucratic meetings that resulted in more paperwork for everyone involved. Eventually, a group of accountants invented a new brand of coffee to survive the endless regulations, leading to the rise of overpriced artisanal coffee shops.. Fact: Did you know that for every new regulation, at least three new types of coffee are invented? It's a proven fact, or at least it should be..
• Headline: Ballmer Acquires Clippers for Record $2 Billion. Impact: Ballmer's purchase not only inflated NBA franchise values but also inspired a series of tech moguls to buy sports teams, resulting in the first-ever virtual reality basketball game where players can’t actually touch the ball—because they’re in a simulation.. Fact: Steve Ballmer once famously yelled 'Developers, developers, developers!' at a conference. Now we know he might have been trying to recruit some to help him manage his new basketball team..
• Headline: Investors Chase Spanish Real Estate Deals. Impact: The influx of global investors into Spain inadvertently led to a wine shortage in the region, as every investor thought they were a connoisseur and started buying up every bottle in sight, sparking a new black market for Rioja.. Fact: Spain is known for its wines, but did you know that it’s also home to the world’s largest olive oil production? Just imagine the salad dressing prices skyrocketing next!.
• Headline: Right to Be Forgotten? Not That Easy. Impact: This ruling set off a chain reaction that led to the creation of the 'Internet Eraser,' a gadget that claims to help people forget their embarrassing online moments. Spoiler: It just makes you forget how to log into your accounts.. Fact: The 'Right to be Forgotten' is great until you realize you can’t even remember your password. Maybe we just need a 'Right to Remember' instead?.
• Headline: In Puerto Rico, Cocaine Gains Access to U.S.. Impact: The shift in drug smuggling methods through Puerto Rico led to a rise in beach parties that only played Reggaeton and offered 'Cocaine-Free' drinks, creating an entirely new trend in party themes that still haunts DJs today.. Fact: Ironically, Puerto Rico is also famous for its rum. Guess which one makes for a better beach party? Spoiler: It’s not the cocaine..