The Bottom Line

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More than 250,000 of Corinthian Colleges’ victims will be able to get out from under massive and fraudulent student loan debts, Education Secretary John King will announce Friday in Boston. Questions: 1. What is the big asterisk that the article refers to? 2. How many schools and how many states are involved in this scam?… Read more »

Is a new retirement savings plan part of your future?

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If you make a list of the most hated words or phrases in politics today, “employer mandate” has to be in the top 10. However, in this era of retirement security crisis, mandatory retirement savings program is gaining more support in Washington. Questions: 1. Who are pushing the idea politically? 2. Why will the Congress… Read more »

A New Concept

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Because of a scramble to locate baby food at night, Robert Ilijason decided to open Sweden’s first unstaffed convenience store. The 39-year old IT specialist now owns a 24-hour convenience store that has no cashier. Questions: 1. How do the customers pay for their purchases? 2. How is the store monitored? What types of controls… Read more »

A Sign of the Times: Monopoly Changes

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In its newest edition of Monopoly called “Ultimate Banking,” Hasbro has decided to drop the dollar bills and replace them with credit cards. Questions: 1.When did Parker Brothers first start selling the Monopoly game? 2.How will players keep track of their property and money with this new version of the game? 3. What are some… Read more »

Chinese Exodus of Capital

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With the Chinese economy tanking, more and more wealthy families are trying to move large sums of money out of the country. As Mr. Bradsher notes in this article, “some methods are perfectly legal, like investing in real estate elsewhere, buying businesses overseas and paying off debts owed in dollars. Others, like Smurfing, are more… Read more »

Shkreli Smurks at Congress and Later Calls Them “Imbeciles”

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Martin Shkreli, the former chief executive of Turing Pharmaceuticals, repeatedly exercised his Fifth Amendment right to avoid self-incrimination, infuriating members of the House Committee on Oversight and Government Reform. Mr. Shkreli is facing federal securities fraud charges. Questions: 1. What is the scandal that Mr. Shkreli’s company is apart of? 2. What is the connection… Read more »

Enormous Chinese Ponzi Scheme!

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A criminal investigation by Chinese officials has found that the online company, Ezubao, once a dynamo of the financial industry, offered mostly fake investment products to its nearly one million investors. This has highlighted the urgent need for tougher supervision of online financing system in the world’s second largest economy. Questions: 1. What interest rate… Read more »

Secret Buyers of Real Estate Targeted

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In an unprecedented move, the Treasury Department will begin identifying and tracking cash sales of real estate in an effort to expose money laundering and secret buyers of high-end properties. Questions: 1.At which locations will the new initiative begin? 2. Is the use of shell companies legal in real estate? 3. How will the real… Read more »

Will it Work?

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Norovirus, salmonella, and E. Coli outbreaks during 2015 at fresh food restaurants run by Chipotle have cost a huge loss of business. However, in mid-February, the chain plans a strategic marketing campaign aimed at trying to bring these customers back. Questions: 1. By how much did comparable restaurant sales fall in the fourth quarter of… Read more »

Weird Thought Experiment

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As Powerball mania and the promise of $1.6 Billion swept the airways, Andy Kiersz came up with his own idea on how to win. Unfortunately, it would require 189,000 people filling out all the possible Powerball combinations on those annoying scantrons, working 10 hours a day at a rate of 50 tickets per hour. Questions:… Read more »