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Top 10 Events for 2008 and beginning of 2009

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election-2008Here is a list of the top 10 events that happened in 2008 and beginning of 2009 that had a big impact on the lives of the people.

 

  1. US Presidential Election – This electoral process will come down in US history as one of the most defining moments of the US as a nation with the nomination of an African American presidential candidate.
  2. Bailout of AIG – The report on the financial problems plaguing AIG has sent shockwaves not only to Wall Street but also to other major markets around the globe. The government has since then rushed an emergency bailout package in the amount of $150 Billion to prevent AIG from collapsing.
  3. Gay Marriage – Same sex marriages started in California in June but the people of California voted to outlaw it in November.
  4. Smartphone Sales Surge – 2008 has been the banner year for smartphones hitting more than 70% in growth of sales. Other markets also responded with the same enthusiasm and the smartphones registered big numbers in these markets.
  5. Tina Fey – Extremely talented Tina Fey hugged the limelight for a variety reasons.  She shared center stage with her look-alike Sarah Palin and capitalized on this likeness propelling her to huge fame and earning her a return stint on Saturday Night Live.
  6. Infamy in Albany, Springfield – New York Governor Eliot Spitzer was stepped down from office after admitting an illicit affair with a prostitute.
  7. The Housing Bubble Finally Burst – Weighed down by unprecedented rise in prices of real estate, tight credit, spiraling foreclosures, the sector finally broke.
  8. Marijuana in, Trans Fats out – The State of Michigan legalizes marijuana for medicinal use and the State of California stops the use of trans fats.
  9. Fat Bonuses of Wall Streets Executives – Amidst deepening economic condition, these highly controversial fat bonuses to executive drew vicious criticism from practically all sectors of society.
  10. Unemployment Rate Hits the Ceiling – Portent of a stormy 2009, unemployment rate hits 6.7 percent, the highest in 26 years.

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