Research shows rich people are more likely to lie, cheat, and steal

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Questions: 1. What did you think was the most interesting thing that Keltner and Piff found out as part of their experiments? 2. Why should we care about the ethics of wealthy people? 3. According to the article, what does power lead to? 4. In your opinion, what was the most remarkable point made in… Read more »

Wage Stagnation and Fast-Food Workers: No-Poach Clauses

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According to the New York Times, attorneys general in 10 states are moving to investigate whether a clause in fast-food franchise agreements is preventing workers from switching jobs and, therefore, locking them into low-paying positions and, some economists say, contributing to widespread wage stagnation in the United States. Questions: 1. Briefly explain how these clauses… Read more »

Bad Way to Encourage People to Use Self-checkout Lines

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This article discusses how many companies are employing aggressive legal tactics and taking advantage of loosely written state laws, to push for restitution even when people have not been convicted of wrongdoing. Questions: 1. How much does shoplifting cost stores each year? 2. What happens in many states to payments made to retailers before court… Read more »

Big Deal!

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Emergent BioSolutions, a Maryland-based pharmaceutical company that provides infectious-disease vaccines for the U.S. government, is about to add cholera and typhoid vaccines to its arsenal of preventives. Questions: 1. What is Emergent’s link to the defense contracting market? 2. According to the article, briefly describe Emergent’s corporate history. 3. What health issues does the PaxVax… Read more »

Apple – How High Can You Go?

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Apple made history this week by becoming the first $1 trillion publicly traded U.S. corporation on Thursday. Questions: 1. How many years has it been since the 1st company became a $1 billion U.S. corporation? 2. What company was the first $1 billion U.S. corporation? 3. What companies are close behind Apple’s $1 trillion? 4…. Read more »

Review your W-4 before it’s too late for 2018

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Congress passed major tax legislation at the end of last year that could affect your refund if you are one of the people who usually look forward to a refund. Questions: 1. According to the article, based on the new 2018 withholding tables, what percent of people have too much in taxes withheld? 2. What… Read more »

Wells Fargo In the News, AGAIN!

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In a recent regulatory filing, Wells Fargo disclosed that between 2010 and 2015, they foreclosed on 400 homeowners after improperly denying them loan modifications that could have allowed them to stay in their homes. Questions: 1. According to the article, how did this happen? 2. How do they plan to compensate these people? 3. Do… Read more »

A Three-Hour Tour – But Not Gilligan’s Island

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Barbara Carroll’s quick trip to the bank turned into a nearly three-hour ordeal after a Wells Fargo branch accused the 78-year-old black woman of forgery. Questions: 1. How many forms of identification did Ms. Carroll have to show? 2. Why is Ms. Carroll suing the bank and why does she want a jury trial? 3…. Read more »

More Worries About Medical Debt

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Researchers used U.S. Census information paired with anonymous credit report data on more than four million Americans to study the age profile of people whose medical bills were sent to a US collections agency in 2016. Questions: 1. What did they find out about the average size of medical debt for patients 27 to 64?… Read more »

Can the Consumer Resist Company Market Power?

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Goolsbee (2018) addresses the convenience factor and why we are too often bumbled into allowing a company the power to monopolize us. Questions: 1. What did researchers Brent Neiman and Joseph Vavra find out about individual purchases grocery and big-box stores? 2. Based on the Neiman and Vavra study, the more specialized the demand, the… Read more »