According to the Washington Post, Adidas has more than $500 million of Kanye West sneakers, with no good options for getting rid of them. (See the video for new developments.) Questions: Source: Mark, J. (2023). Adidas has $500 million worth of Kanye West sneakers and no good options. The Washington Post, Feb. 27 (Retrievable online… Read more »
Posts Categorized: Uncategorized
The Bond Documents Tell the Story
Pharell Williams, Grammy-winning singer and producer, pitched his idea for a surf park in his hometown of Virginia Beach, Virginia in 2017. Now there’s a bit of action on the long-awaited project. Questions: Source: Smith, A.N. (2023) Pharrell Williams-Backed Surf Park to Tap $121 Million of Bonds. The Washington Post, Jan. 31 (Retrievable online at… Read more »
Now Your Free Perks Are Going to Cost More!
According to the New York Times, recent changes to restaurant rewards programs at places like Dunkin’ and Starbucks mean that customers must pay more before their perks kick in. Questions: Source: Creswell, J. (2023) Restaurant Chains Make It Cost More to Be Loyal. The New York Times, Feb. 28 (Retrievable online at https://www.nytimes.com/2023/02/28/business/restaurant-reward-programs.html)
Dilbert Canceled By Many Newspapers
According to a number of sources, Scott Adams, creator of Dilbert, has sabotaged his brand through racist rants he made on a weekday morning show. Questions: Source: Rhaman, K. (2023). Dilbert Creator Takes to Twitter After Comic Dropped Over Race Comments. Newsweek, Feb. 27 (Retrievable online at https://www.newsweek.com/dilbert-creator-twitter-comic-dropped-race-comments-1783856)
TD Bank settles Ponzi Scheme case
According to the New York Times, TD Bank agreed to pay $1.2 Billion to settle a Ponzi Scheme Case. Question: Source: Goldstein, M. (2023). TD Bank Agrees to Pay $1.2 Billion to Settle Ponzi Scheme Case. The New York Times, Feb. 27 (Retrievable online at https://www.nytimes.com/2023/02/27/business/stanford-ponzi-scheme-settlement.html).
Retail apocalypse?
It seems as if each day brings a new list of closing retailers. According to Shimkus (2023), Macy’s, Nordstrom, Kohl’s, Bed Bath and Beyond, and JoAnn’s are only a few of the iconic brick-and-mortar stores to close numerous stores this year. Questions: Source: Shimkus, B. (2023). SHUTTING UP SHOP: Full list of stores hit by… Read more »
A Scam Called “Pig-Butchering”
According to the Washington Post, federal law enforcement and major crypto exchanges appear to be behind in cracking down on fraud growth. Questions: Source: Newmyer, T. (2023). Crypto scam aimed at online acquaintances costs victims billions. The Washington Post, Feb. 14 (Retrievable online at https://www.washingtonpost.com/business/2023/02/14/crypto-scam-lost-billions/)
The top 10 tax “crooks” for 2022
According to Accounting Today, the Criminal Investigation (CI) division of the IRS has released its top 10 cases for 2022. Which of the agency’s most prominent and high-profile investigations have you heard about? Questions: Source: Stimpson, J. (2023) The top tax crooks of 2022. Accounting Today, January 16 (Retrievable online at https://www.accountingtoday.com/list/the-irs-names-the-top-tax-crooks-of-2022)
If you are part of “Generation Zalpha,” there might be an internship in your future!
According to the New York Times, making TikTok content for brands is the hot new gig and job sites are peppering listings with ads for “TikTok content creator interns.” Questions: Source: Maheshwari, S. (2023). Wanted: Interns Who Can Make TikTok Hits. The New York Times, Feb. 12 (Retrievable at https://www.nytimes.com/2023/02/12/business/tiktok-interns.html).
Did you know that this was part of the process?
Car companies have built life-size clay models for almost 100 years, for nearly every car you see on the road. Questions: Source: Insider Business Staff. (2023). Why Car Companies Still Use Clay Models That Cost Up To $650K. Insider Business, Feb. 9 (Retrievable online at https://www.youtube.com/watch?v=rYHBCZdMlqw)