Rural wireless service threatened

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According to the New York Times, many small U.S. wireless carriers depend on inexpensive equipment from the Chinese company, Huawei, but must soon rethink expansion plans and other replacements of existing gear. Questions: Why did President Trump ban Huawei’s sale of equipment in the U.S.? How extensively is Huawei’s equipment used across the globe? Do… Read more »

Little-noticed provision in new tax law

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Unfortunately, a little-noticed provision in President Trump’s sprawling new tax law is treating middle- and low-income college students like trust-fund babies – a tax law established 33 years ago to prevent wealthy parents from funneling money to their children to lower their tax burdens. Questions: What does this provision do to students? How many undergraduates and graduate… Read more »

Looking for an internship?

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According to Glassdoor, who ranks internship opportunities, nearly half of the twenty-five most lucrative internships are in the technology field. Questions: Which fields follow technology as the most lucrative? Which company tops the list with a median monthly salary of $8,000? Which was the most surprising to you and why?  Source: Eadicicco, L (2019) The… Read more »

Loan Forgiveness at Morehouse College

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Billionaire Robert F. Smith surprises 2019 Morehouse graduates with a pledge by his family to eliminate the class of 400 students’ debt with a grant. Questions: White students pay down their debt by 10 percent a year compared to what percent by black students? How many generations have Mr. Smith’s family been in this country?… Read more »

More Woes for the iPhone

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According to the Guardian, Trump-imposed tariff of 25% on $200bn of goods could add about $160 to the cost of a $999 Chinese-made iPhone XS. Questions: How is Apple trying to shield customers slightly from the tariff? What other bad news has Apple received from the U.S. Supreme court lately? By how much have Apple… Read more »

Trump may owe more fines

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According to the Guardian,  if Trump Tower and other Trump sites do not cut emissions, the Trump Organization will owe $2.1m a year from 2030. Questions: How many Trump properties in New York City do not comply with new regulations designed to slash greenhouse gas emissions? Which body passed these fines? What will be required… Read more »

Why Aren’t the Rich Being Audited?

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According to the New York Times, the rich are not being audited by the IRS because the I.R.S. is not being provided with the resources it needs to chase offshore accounts and tax cheats. Questions: Why do the authors of this article submit that taxing ultramillionaires is not the problem? Over what period of time… Read more »

Maybe a way to save U.S. shopping malls

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Teenagers from Gen Z keep confounding Corporate America. And as Bloomberg points out, they may hold the key to saving U.S. shopping malls. Questions: As opposed to a three-month period in 2018 when 75 percent of millennials and 58 percent of Gen X’ers went to shopping malls, what percentage of Gen Z frequented these physical… Read more »

Fines have little impact

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Typically, fines need to be high enough to change the behavior of a company. According to Buzz Feed News, $3 billion is too low to change the behavior of Facebook. Questions: During the first three months of 2019 after the $3 billion fine, how much did the revenues of the company grow? How much did… Read more »

A Tale of the Fake Heiress

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A penniless young woman, who left Russia in 2014 and faked her way to Manhattan as an “heiress,” is now facing up to 15 years in prison. How did Ms. Sorokin bilk a bank out of $100,000? What charges does Ms. Sorokin face? Why did Ms. Sorokin’s lawyer, Todd Spodek, argue that she had not… Read more »