Not all retirement plans are equal!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, millions of Americans — public school teachers, clergy members, employees of religious institutions or nonprofits, and some charities — are not offered 401(k)’s; instead they typically must rely on what are known as 403(b) plans, many of which are more lightly regulated. Questions: 1. Briefly summarize why public school… Read more »

A Growing Force in Real Estate

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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 »

Changes Coming!

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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 »

Solidarity Forever!

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Reversing a landmark ruling from the George W. Bush era, the National Labor Relations Board ruled today that graduate students who work as teaching and research assistants at private universities have the right to form labor unions. Questions: 1. Where did the original case take place? 2. What universities are excluded from the ruling and… Read more »

End of an Era

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A slice of Americana is about to “leave the stage.” For those of you who are too young to remember, Howard Johnson is not an old movie star. It was a bustling restaurant chain across the U.S. Sadly, the last of two remaining Howard Johnson restaurants will close on Sep. 6, making it the end… Read more »

Orphan Drug Act

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Three decades ago, Congress listened to the plight of Americans sick with diseases so rare many people had never heard of them. They were victims of a pharmaceutical market failure — “orphans” ignored by drug companies because, the thinking went, tiny groups of patients would lead to trifling sales. Questions: 1. What is the Orphan… Read more »

The End of Yahoo’s core business

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Yahoo announced, finally, that its core internet business would be sold to Verizon for $4.83 billion in cash. Questions: 1. What was Yahoo valued at in 2000? 2. Explain some of the forces that led to the end of Yahoo as we know it. 3. Who is the chief executive of Yahoo and how long… Read more »

$35 here, $35 there and it all adds up!

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While strict rules require account holders to affirmatively opt into banking overdraft protection plans, a U.S. subsidiary of the Spanish banking giant, Santander Bank, which acquired Boston-based Sovereign Bank in 2009, crossed the line. Questions: 1. Briefly summarize what the bank did? 2. Who is the Consumer Financial Protection Bureau and what was their role… Read more »

Trapped by Debt?

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Belkin Antonio Hernandez-Vargas was desperate to see his wife and get out of U.S. custody, so he turned to one of the biggest names in the business of helping immigrant detainees secure bail bonds. As a result, the company Libre by Nexus helped Belkin, an El Salvadorian secure an $8,000 bond after he was able… Read more »

No List Prices?

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Amazon, who made its reputation on offering deals, is now quietly dropping list prices from its items. The new model is that Amazon does not have to entice customers anymore because they will buy anyway. Questions: 1. When did Amazon begin as a company? 2. When did the company begin dropping list prices? 3. Why… Read more »