Beer Wars Ahead

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During these recessionary times, “people are drinking less, but they want something that’s good,” said Simon Thillou, a former journalist who in 2006, opened La Cave à Bulles, a specialty shop in the Marais section of Paris. Around the world in 17 countries, people who are tired of tasteless beer have turned to the Brooklyn… Read more »

Boeing CEO Gets Pay Raise Despite 787 Problems

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Jim McNerney, Boeing’s CEO, saw his compensation rise by 15 percent to $21.1 million for 2012. His company rewarded him for better-than-expected profits and faster airplane production. Questions: 1. Based on this information, what was Mr. McNerney’s compensation for 2011? 2. According to the article, why has Boeing’s stock been rising? 3. If Mr. McNerney’s… Read more »

Slowing Wealth – New Study Reports

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According to a new study by the Urban Institute, the American dream of working hard, saving more and becoming wealthier than one’s parents holds true for many, unless you’re under 40. Questions: 1. What are some of the factors that have negatively affected the wealth of younger Americans? 2. According to the article, if a… Read more »

Money Melting a Hole in Your Pocket?

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Canada started rolling out new, polymer-based $100 bills two years ago, followed by 50s and then, last November, 20s. The money, which isslick like a sheet of plastic, hard to fold and partly transparent, is more difficult to counterfeit than Canada’s old paper-and-cotton bills. Australia and New Zealand have used similar, plasticized notes for years…. Read more »

The Loophole

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About 12 million borrowers turn to payday lenders each year. According to a new study by the Pew Charitable Trusts, only about 14 percent of borrowers can afford to take enough out of their monthly budget to repay the average payday loan. While 15 states that have banned the predatory, high-interest loans that payday lenders… Read more »

Hyundai & Kia overstated mileage

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Hyundai Motors America and Kia Motors America are being forced to lower the fuel economy estimates on the majority of their 2012-13 models after an investigation by the Environmental Protection Agency found that the companies overstated the fuel efficiency numbers for their vehicles in previous years. Based on the audit, they will also have to… Read more »

Who is the most Indebted Man in the World?

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The answer is that man is Former Société Générale rogue trader Jérôme Kerviel, who owes the bank $6.3 billion. His case tells us a lot about financial reform. Questions: 1. According to the article, how exactly do you carry out €50 billion (or about $73 billion) of unauthorized trades? (Focus on the controls mentioned.) 2…. Read more »

Product Chasing a Market – Fuzz Phobia

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When Veet hair removal cream came to China in 2005, sales were sluggish. It turned out that Chinese women did not worry about being too hairy. So the company selling the product promoted a new marketing plan with ads that equate hair-free skin with health, confidence, and “shining glory.” Questions: 1. How fast are sales… Read more »

It Beats Earning $20 an Hour?

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Flipping houses earned a bad reputation during the housing bubble, when speculators bought and sold millions of homes in search of easy profits. But as the real estate market is showing signs of life, the practice is gaining popularity again. Questions: 1. Which areas of the country have seen the most flipping action and why?… Read more »

CEO Quits Effective Immediately

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In a surprise move, Citigroup announced on Tuesday that Vikram S. Pandit, the bank’s chief executive, had resigned, effective immediately. While his unexpectedly fast departure has raised many questions, critics said there were many signs that the end was near for Pandit. Questions: 1. How long had Mr. Pandit been chief executive of Citigroup? 2…. Read more »