For months now, the Greek economy has been in freefall, bringing Europe and the rest of the world economy down with them. How did this happen? We contacted noted New York Times economist Paul Krugman and asked for his take. Until he gets back to us, we made up this list. (Come on, Krugman! This is the second time in a week! Call us back!)
Skechers is paying out a whopping $40 million to customers in a settlement over falsely advertising their Kim Kardashian-endorsed “Shape-Ups” toning shoes. Apparently, their ads claimed that the comically clunky foot-boats could increase weight loss, improve muscle tone, and stimulate circulation. But when you go back and actually look at one of the misleading ads, it now seems pretty obvious that Skechers wasn’t telling us the whole truth.
Building on Toni Morrison declaring that Bill Clinton was "The First Black President," Newsweek this week declared Barack Obama "The First Gay President" on its cover. Given all the press that her magazine received for the cover, it's only a matter of time before Newsweek editor and media opportunist Tina Brown will try to duplicate this success with other ridiculous presidential covers.
Facebook is going public this week, which means you can now buy stock in the company! Well, YOU can’t — the stocks are extremely sought after and you have to be pretty well-connected to get your hands on them. And let’s face facts — if you’re reading the MAD website, you’re probably not well-connected. (Hell, you’re lucky just to be internet-connected). So since we’ll never see one in person, we’re giving a sneak peek of what the actual stock certificates will look like!
Click the image to make it bigger!
JPMorgan Chase, the country's largest bank, just announced they lost $2 billion, primarily in derivatives. Since no one on the face of the earth knows exactly what derivatives are, we suspect the bank is lying. We tasked esteemed New York Times economist Paul Krugman to get to the bottom of this financial debacle. He refused. So we made up this list.