Tag Archives: Economy

Health Standard for Happy-Meal Toys Causes Imports from China to Drop by 90%

SAN FRANCISCO—The Chinese economy recently took a hit due to a new San Francisco law that bans restaurants from giving away toys with any meals deemed unhealthy. San Francisco, deemed one of America’s 100 fattest cities in 2010 by Men’s Health, immediately put a hold on all imports of Happy Meal toys. “We already had several warehouses full of toys for local restaurants,” said importer/exporter Art Vandelay. “With the new law, it will take years to get rid of all

New ASB Sexual Tourism Trip Literally Serviced the Community

EVANSTON—A group of Northwestern students spent their spring break learning the ins and outs of community service on Alternative Student Breaks’ first sexual tourism trip. Students who signed up for the excursion had the opportunity to perform service at all 13 of ASB’s existing sites, in such exotic locales as Missouri and Kansas. “We wanted to be able to service as many communities as possible, so we decided to visit two sites a day. It was rigorous, but being able

Beanie Baby Collection Solidifies Area Grandma as Investing Powerhouse

WILMETTE, IL—Area grandma Gertrude Smith catapulted herself to untold riches last week after closing on her 12-year financial plan, which involved investing in Ty Beanie Babies. The sale of her 270 beloved sacks of beads, worth almost nothing, inexplicably raised her net worth to an estimated $1.8 Billion. The plush animals, a fad from 1997, were snatched up by rabid consumers and hoarded as rare collector’s items, despite having been as readily available as water. Many cited the future potential

Obama Fires GM Car Salesman for not Having Right Make, Model

WASHINGTON—President Barack Obama has used a very hands on approach to try to revive the economy. He has, as promised in his campaign, attempted to remove agencies or institutions which are not operating efficiently or effectively. Last week, Obama forced General Motors C.E.O. Rick Wagoner to resign, citing that GM’s troubles were largely Wagoner’s fault. Obama’s control over GM did not stop with just its C.E.O. Obama’s changes in office have been as specific as selecting new cars for his

Endowment “Shrinks” in “Cold” Economy

EVANSTON—Frigid economic conditions have shrunk the size of Northwestern’s endowment, according to new reports from President Bienen’s office. University spokesman Steven Westerstein released a statement yesterday downplaying the so-called “shrinkage” effect on NU’s performance. “We here at Northwestern University have always felt that it’s not about the size of the endowment, but how you use it that really matters. Besides, it’s not like our endowment is that small. At least we’re still bigger than Wash U.” Northwestern student reactions were

Laid Off Workers Not Doing Enough to Help Economy

WASHINGTON—With the DOW closing just above 7,850 on Friday, economists are predicting that the worst has yet to come. A mortgage crisis, depreciation of the dollar, and a failed economic policy by the Bush administration are largely to blame for tough economic conditions. With companies forced to cut down on spending, laying off workers was inevitable. Unemployment has reached its highest rate in years, 7.6%, that according to the United States Department of Labor. Spokesman for the Department of Labor,