Source: CNBC
After years of leaving U.S. interest rates at near zero, the Federal Reserve raised its target federal funds rate to a range of 0.25 to 0.5 percent.
This was the first time the Federal Reserve raised its interest rates since June 29, 2006 - nearly a decade ago.
While experts debate away on the timeline of future rate hikes, here is a look back at what was happening around the world in 2006.
After years of leaving U.S. interest rates at near zero, the Federal Reserve raised its target federal funds rate to a range of 0.25 to 0.5 percent.
This was the first time the Federal Reserve raised its interest rates since June 29, 2006 - nearly a decade ago.
While experts debate away on the timeline of future rate hikes, here is a look back at what was happening around the world in 2006.
Digital whistle blowing
Thomas Trutschel | Photothek | Getty Images
The international whistle blowing platform WikiLeaks launched in Iceland, making public over a million classified government documents from around the world.
Australian programmer Julian Assange became its editor-in-chief.
Australian programmer Julian Assange became its editor-in-chief.
North Korea went nuclear
The reclusive country sprung onto everyone's radar, claiming it successfully conducted its first ever nuclear tests.
Blackberry hit 5 million
Alicia Hansen | Bloomberg | Getty Images
Before the iPhone was released, Blackberry was a notable
name in the smartphone market. Research In Motion, the company behind
the Blackberry handsets, reported surpassing the 5 millionth subscriber
milestone early in the year.
Turning 64
Beatles member Paul McCartney turned 64, having originally
written "When I'm Sixty-Four" in 1967 at the not so ripe old age of 16.
Pirate's chest
Barry King | WireImage | Getty Images
Starring Johnny Depp as the eccentric Jack Sparrow, Pirates of the Caribbean: Dead Man's Chest was the fastest film to gross over $1 billion in box office sales amassing $1.07 billion.
Going Blu
The first Blu-ray DVD format titles were released in the United States, including The Terminator.
Tech hatchling
Getty Images
Jack Dorsey, CEO of Twitter.
A micro-blogging platform named Twitter, was launched in July, 2006 by a certain Jack Dorsey.
Start of video streaming
Google bought over a nascent video streaming service named YouTube for $1.65 billion.
Craig. Daniel Craig.
Pierre-Philippie Marcou | AFP | Getty Images
The British actor played James Bond in the 21st film in the
series. Casino Royale premiered in London and grossed $599 million
worldwide.
"Plutoed"
The American Dialect Society voted the word
"plutoed" as the word of the year - the word means to demote or devalue
someone or something, in a nod to the planet Pluto, which was demoted to
a dwarf planet.
Italy's triumph, 24 years in the making
John Macdougall | AFP | Getty Images
The former world champion won its fourth FIFA World Cup in
Berlin after 24 years, when it beat France 5-3 on penalties. French
playmaker Zinedine Zidane was sent off in his final game for France for
head butting Italian defender Marco Materazzi during the final.
Up in Highbury
English football club Arsenal moved from their old stadium in Highbury to the new 60-000 seated Emirates Stadium in Islington.
Start of social networking
Daniel Acker | Bloomberg | Getty Images
MySpace was considered the most popular social networking site in the U.S. while Facebook was still in its nascent stage - popular mostly among the college-going crowd.
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