The Week in Review: Funny Money Stories

The Week in Review: Funny Money Stories Photo (cc) by Laurel Fan

1. Twig tea, anyone? Study says labels often mislead

When you sip your herbal tea, you may also be swallowing “weeds, ferns or bits of tree,” MSNBC reports. “Three of 70 tea products tested and 21 of 60 herbal products contained rogue ingredients not on the labels.” And how did researchers figure this out? They used genetic-testing equipment and did DNA tests.

2. Tiger Woods new caddie pick favors Fanny Sunesson, Irish betting site says

Betting on sports is common. But betting on who will be Tiger Woods’ next caddie? Woods unexpectedly dismissed his caddie of 13 years, and Ireland’s biggest bookmaker, Paddy Power, is taking bets on who will be next, Bloomberg reports. And here’s an interesting fact: Caddies on the U.S. PGA Tour typically get 10 percent of a golfer’s winnings.

3. Kim Kardashian sues Old Navy over lookalike in ads

Kim Kardashian, mostly famous for being famous, has filed a lawsuit because Gap’s Old Navy ads feature someone who looks like her. “Kardashian’s lawsuit says consumers may be confused by the ads and the model’s actual endorsements,” USA Today reports.

4. GM’s surprising success story in China

The same General Motors that has been suffering in the United States is kicking butt in China. “GM slid from domination of the Western automotive world in three decades, yet made itself into a leading automotive producer in China in less than two,” CNN reports. “It will be interesting to see how long GM China can resist the big company disease that felled its North American counterpart.”

5. Borders closures hurt retail real estate market as vacancies near record

Talk about unintended consequences. When Borders bookstores announced last week that it was liquidating, that meant available U.S. retail space jumped by as much as 6.3 million square feet. That’s enough to concern real estate experts “as the industry struggles with near-record vacancy rates and stagnant rents,” Bloomberg reports.

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