It’s just for my stockholders

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Martin Shkreli, a former pharmaceutical executive notorious for increasing the price of Daraprim by 5,000 percent, along with mounting sneering defenses of his actions and even issuing a bounty for one of Hillary Clinton’s hairs, was sentenced to seven years in prison for fraud.   Questions: What had prosecutors sought for a sentence? What had… Read more »

Stepping over a line: Legitimate collection or legal harassment on student loans?

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The agency charged with monitoring such student loan bankruptcy declarations is facing concerns that its tactics have grown ruthless. Bankruptcy experts say that the group is wasting judicial resources because it brings legal challenges to those few who are desperate enough to seek bankruptcy relief. Questions: 1. What is the name of this agency? Which… Read more »

More worries at Wells Fargo

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As the third-largest bank continues to suffer under a sales scandal that happened in 2016, Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve. This news sent its shares down sharply in after-hours trading. Questions: 1. What are the growth restrictions on the bank imposed by the Feds? 2. Why… Read more »

Wanted: Someone to handle my cash

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Personal assistants are the cash handlers for many celebrities, a job that rarely comes with any sort of Hollywood glamour. Questions: 1. According to the article: “…the longer someone has been famous, the less ________________________. Complete the sentence and discuss the implications. 2. What was the most interesting thing you learned from this article? 3…. Read more »

Program at a Standstill!

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According to Mother Jones, in 10 months, the Trump administration has yet to approve a single claim to help defrauded students of such for-profit colleges as Corinthian or ITT. Questions: 1. Who is now calling on the Department of Education to resume helping students who borrowed loans from the fraudulent for-profit colleges? 2. Approximately how… Read more »

Avoiding the Taxman in Paradise!

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If you have not had a chance to read about the Paradise Papers, you owe it to yourself to read this article about Nike. Nike is avoiding taxes by charging themselves for intellectual property. This is a story involving grey areas and loopholes, tax havens and zero tax rates, and the movement of money and… Read more »

Will Virtual Wally World Rise Above its Current Fashion Stigma?

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To make deeper inroads into online fashion, Wal-Mart Stores Inc said it will soon offer Hudson’s Bay Co. owned department store chain Lord & Taylor dedicated space on its website. Questions: 1. When will the new fashions be offered? 2. What are the financial terms of the deal? 3. Despite its large presence, who is… Read more »

A New Service from Amazon

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According to Reuters, Amazon, the world’s largest online retailer, announced the premier of Amazon Key – a lock and camera system that users control remotely to let delivery associates slip goods into their houses. Questions: 1. What will be the cost? 2. How do you maintain privacy? 3. What is Wal-Mart testing that is a… Read more »

Has your credit information been stolen?

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As you probably already have heard, Equifax, one of three major credit reporting agencies, revealed that highly sensitive personal and financial information for around 143 million U.S. consumers was compromised in a cybersecurity breach that began in late spring. Later we learned of a second breach, that included about 100,000 Canadians and up to half… Read more »