According to the Washington Post, for the fourth year in a row, buyers from China ranked first among foreign nationals purchasing property in the United States, according to a survey by the National Association of Realtors (NAR). U.S. home sales to Chinese nationals totaled $27.3 billion — exceeding the total dollar sales figure of the… Read more »
Posts Categorized: Auditing
Changes Coming!
According to the Associated Press, Federal regulators recently announced new rules governing the prepaid debit card industry. It’s a big change more than two years in the making that’s expected to bring some basic account protections to its customers, who are often financially disadvantaged. Questions: 1. How much money was loaded on prepaid cards in… Read more »
Cell Phone Worries
According to the Washington Post, Samsung is suspending production of its Galaxy Note 7 replacement phones after more reports of fires in South Korea and the United States. Questions: 1. According to the article, what major U.S. carriers are suspending sales or exchanges of the troubled device? 2. How many fires have been reported so… Read more »
Is this Fair?
Since 2014, a Michigan law has limited Tesla Motors’ capacity to sell in the state, after the Republican-led legislature implemented a statute that banned the company’s only method of selling its cars to consumers. Questions: 1. What are the four states that Tesla has been shut out of? 2. Where did Tesla win its most… Read more »
Mylan Settles with the Government
According to the New York Times, Mylan, the maker of the allergy treatment EpiPen, said Friday that it had reached a $465 million settlement with the Justice Department and other government agencies over questions on whether the company had overcharged Medicaid for the treatment by improperly classifying it as a generic drug. Questions: 1. What… Read more »
$12 per hour Employees fight back!
Two former Wells Fargo & Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. Questions: 1. Over what period of employment will the class action lawsuit cover? 2…. Read more »
Deutsche Bank Shares Drop
Deutsche Bank’s shares hit a record low, but Germany’s largest lender said there is no reason to get the German government’s help in settling claims of $14 billion with the U.S. Justice Department (DoJ). Questions: 1. What is the record low price of shares of Deutsche Bank? 2. What is a summary of the lender’s… Read more »
A new “capital” buffer
According to Reuters, the Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller banks as it considers reforms to its annual ‘stress test. Questions: 1. What is a stress test? 2. How will the proposed reforms mean different things depending on the size of the bank?… Read more »
High-end Cards
The Chase Sapphire Reserve card is generating product hysteria at its finest. Questions: 1. How does this Chase card compare to the American Express’s Platinum charge card? 2. What are the options that provide the secret to its popularity? 3. Perform a cost benefit analysis on this card. What would make you get one? Source:… Read more »
Did Tesla fail drivers or did drivers fail Tesla?
In the wake of the fatality, Tesla has said that Autopilot is not meant to take over completely for a human driver. Questions: 1. What was the failure for Tesla, if any? What new measures is Tesla implementing? 2. What future plans do other automobile makers have for this technology? 3. Based on the science,… Read more »