According to Business Insider, hundreds of thousands of tourists have been left stranded after UK Prime Minister Boris Johnson refused to grant the collapsed travel firm Thomas Cook a bailout of £150 million, or about $186 million.
Explain Johnson’s idea of a moral hazard.
How large is the Thomas Cook fleet of planes and jets?
How long are some travelers expected to be stranded?
How many U.K. and global employees does Thomas Cook have?
What factors have contributed to the Thomas Cook bankruptcy?
Bienkov, A. Boris Johnson says he refused £150 million bailout for Thomas Cook because it risked ‘moral hazard’ for other firms. Business Insider, Sep. 23 (Retrievable online at https://www.businessinsider.com/boris-johnson-refused-grant-150-million-bailout-for-thomas-cook-2019-9/
According to Business Insider, some CEO pay plans are so complicated that a powerful mathematical technique originally developed to understand the behavior of neutrons in an atom bomb explosion is now the most effective way to estimate what they are actually worth.
Where did the inspiration for the Monte Carlo simulation come from (according to a retrospective article)?
As part of its policy on executive pay disclosure, what does the SEC require corporations to publish regarding executive compensation packages?
In the last several years, it’s become increasingly common for CEOs and other top executives at public corporations to have their compensation packages tied to various financial performance goals and what does the Monte Carlo simulation provide to help us understand executive compensation?
According to Business Insider, with debt sitting at $9.2 trillion for the U.S. lending market, the industry has been the slowest to digitize and have had little incentive to remove friction from the customer application process.
What has Rocket Mortgage added to the industry to become the largest residential mortgage originator by volume?
According to this article, how are legacy lenders responding to digital competitors like Rocket?
Until now, why haven’t legacy lenders overhauled the application process?
Digalaki, E. (2019). How banks are striking back against Quicken Loans and other digital-first lenders in the $9 trillion US mortgage market. Business Insider, July 11 (Retrievable online at businessinsider.com/the-online-mortgage-lending-report-2019-7)
According to a new study by the National Community Reinvestment Coalition, Black and Hispanic men seeking small business loans face more scrutiny and worse treatment from bank officers than less qualified white men.
What were the declines in government-backed lending to black business owners from 2008 to 2016?
According to the study, what type of preferential treatment did white prospective borrowers receive?
Which group was the only one that asked about their education level?
According to the article, banks need better policies and training with respect to what area of lending?
According to the New York Times, Big Tech (Amazon, Apple, Facebook and Google) are being investigated by regulators and lawmakers regarding how these companies may have used their size and wealth to quash competition and expand their dominance.
Who are some of the regulators and lawmakers investigating Google and for what reason?
What are some of the allegations against Amazon?
What type of control are critics unhappy with regarding Apple?
What type of antitrust criticism does Facebook face and why?
According to the article, which Tech firms are being scrutinized by both the FTC and the EU?
According to the New York Times, one of the largest active construction projects in the United States will produce more than 1 million tons of plastic a year and is operated by Royal Dutch Shell near Pittsburgh.
Where will pipelines for the plant be stretched and how many freight cars does it expect to have in its dedicated rail system?
What is the controversy surrounding plastic? Discuss this in terms of the production versus disposal of plastic.