Bad News for Nissan

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According to the New York Times, the Nissan chairman, Carlos Ghosn, was arrested on Monday after an internal company investigation found that he had underreported his compensation to the Japanese financial authorities for several years. 1. After Mr. Ghosn was sent to Nissan’s Japan headquarters, what was he credited with as a result of making… Read more »

The End is Near

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The fall of Sears has been well documented. But who else is feeling the grip of Amazon on their once thriving retail business and who will be next to declare bankruptcy? Questions: 1. According to the article, what is the toxic combination that will take the eight named retail companies out of the game? 2…. Read more »

Verizon breaking up wireless unit in reorganization

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Verizon Communications Inc.’s new chief executive is restructuring the carrier’s business lines, including its massive wireless business, in one of the first major organizational changes under his leadership. Questions: 1. Who are and will be the new leaders of the reorganized company? 2. When will the changes take place? 3. What is the divider in… Read more »

Owning Home(s)

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Business owners and landlords tend to be about four times as wealthy as the average American. That’s more than almost any other country included in a new study. Questions: 1. What were the three household groups in the study? 2. Who are the bottom 40 percent in the housing market? 3. Which countries are the… Read more »

Now you See it, Now you don’t.

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The Federal Trade Commission has issued a warning to consumers that criminals are posing as government officials and asking people to use a gift card to pay a bogus tax bill or get a new Medicare card. Questions: 1. How much money was lost to this scam in 2015? 2. How much money was lost… Read more »

Food Fight

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To keep Amazon at bay and remain the world’s biggest retailer, Walmart is ramping up its groceries and buying trendy digital brands. The retail giant is also redesigning its stores and building up online assets. Questions: 1. What are signs that the plan is working? 2. What is the proximity of most Americans to a… Read more »

Hey there, where’d you get the loot?

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A woman from Azerbaijan who spent 16 million pounds ($21 million) on jewelry, wine and other goods at luxury London department store Harrods over the course of a decade has become the first target of a new British rule allowing officials to seize money from people suspected of getting their wealth through corruption. Questions: 1…. Read more »

Tough Times for the IRS

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Audits and criminal referrals are down sharply by the IRS since Congress cut the tax agency’s budget and management changed priorities. Questions: 1. How many cases did the IRS’s criminal division bring last year? 2. How many cases did the IRS’s criminal division bring in 2010? 3. According to the IRS’s estimates, how much in… Read more »

Time to get ready for the Holidays! You can’t start too early!

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While it’s only September, holiday hiring is ramping up! With historically low unemployment rates plus projections of record-breaking holiday sales, retailers, from major chains to small businesses, are being forced to offer higher pay, catchier perks, and other discounts to attract temporary holiday workers. Questions: 1. What are some of the perks that retailers are… Read more »

Charity has its Benefits

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According to the New Yorker, Lloyd Blankfein, Gary Cohn, and other leaders at Goldman Sachs have benefitted from a financial crisis that they helped create. Questions: 1. How have the men in the email fared? 2. By how many months did the story about Goldman Sachs in the New York Times precede mortgage disaster? 3…. Read more »