JUNE 17, 2015

Full News Archive

• Headline: Steel Industry Thrives in Russian Economic Shift. Impact: The weak ruble and strong dollar created a bizarre financial ecosystem where Russian steel became the hot new trend, leading to an unexpected fashion line featuring metallic jumpsuits. Thank you, fashionistas of the future, for that delightful headache.. Fact: Did you know that steel is used to make everything from skyscrapers to spoons? So, next time you eat soup, just remember: you’re holding a piece of the economy..
• Headline: Italian Fund Manager's Bold Investment Strategy. Impact: Davide Serra's bravado led to a hedge fund revolution where fund managers began wearing capes to meetings, believing they were superheroes of finance. Spoiler alert: the only thing they saved was their own bonuses.. Fact: Quantitative easing is basically just central banks playing Monopoly with real money. Just don’t be surprised when they land on Boardwalk and ask for a bailout..
• Headline: Pressure on Catholic Candidates Over Climate Views. Impact: The Pope's climate message somehow convinced a group of climate-denying politicians to start recycling their campaign flyers. They still deny climate change, but at least they’re trying to save a tree or two.. Fact: The Catholic Church has been around for a while, but this is the first time it has mixed papal authority with eco-activism. Who knew the Vatican would become the next Green Peace?.
• Headline: Greek Exit Would Shake, but Most Likely Not Shatter, Eurozone. Impact: Greece’s potential default prompted a panic that led to the invention of the Eurozone’s newest sport: ‘Crisis Surfing,’ where investors ride the waves of financial instability. Spoiler: it’s a pretty rough ride.. Fact: The Eurozone was once thought to be invincible. Kind of like how we all thought that floppy disks would last forever—look where that got us!.