Breaking News: Money Buys Happiness!

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Despite what your parents told you, new research suggests that more money really does lead to a more satisfying life! Questions: 1. What did the study base this information on? 2. How long did the effects of money last, according to the study? 3. How did the surveys measure subjective well-being? 4. What did the… Read more »

The worth of an employee?

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CEOs talk about what valuable assets employees are, but these assets do not show up on the company’s balance sheet. Why? Because the company does not and cannot own its employees, even though it may seem so at times. However, employers can put a value on your life through company-owned life insurance (COLI). Questions: 1…. Read more »

Remember: Cash is King!

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According to McClatchy News, one in three buyers of U.S. homes is paying cash, which is a record high number. Florida topped all states for all-cash home sales, at 55 percent of cash sales during the first three months of this year. That’s on a par with 54 percent for all of last year and… Read more »

Biotechnology Firm, Amgen, Acquires Anti-cancer Drugs

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Although Amgen is the world’s largest biotechnology company, they have not been in the anti-cancer drug market until now. Amgen, like other drug makers, is trying to refresh aging product lines through the acquisition. Questions: 1. What is the ranking of this takeover of biotechnology firms, in terms of historic purchases? What are examples of… Read more »

Deutsche Bank Shrinks its Balance Sheet

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Deutsche Bank said it would significantly shrink its balance sheet to comply with stricter leverage rules as the lender missed analysts’ expectations in the second quarter. Questions: 1. What are some of the factors on why the bank is shrinking its balance sheet? Be specific. 2. Why have Deutsche Bank’s profits fallen recently? 3. Explain… Read more »

It Beats Earning $20 an Hour?

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Flipping houses earned a bad reputation during the housing bubble, when speculators bought and sold millions of homes in search of easy profits. But as the real estate market is showing signs of life, the practice is gaining popularity again. Questions: 1. Which areas of the country have seen the most flipping action and why?… Read more »

The Disappearing Debt Suddenly Reappears!

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Jackie Esposito, of Guilford, Conn., got a letter that said her debt with JPMorgan Chase was canceling the amount she owed on a home equity account. While most people would be excited to get such a letter, Ms. Esposito was not. That is because Ms. Esposito had the debt legally wiped out three years ago… Read more »

Spreading money on your skin

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What are the most often prescribed drugs written for by dermatologists? They include generic creams and ointments that are used to treat skin rashes, scabies, and athlete’s foot. So aren’t generics suppose to be inexpensive. Unfortunately, not any more’; significant price increases in these generics are stumping doctors and patients. In a world of prescription… Read more »

Tornado Costs

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The tornado that tore through Joplin, Missouri about a year ago ranks not only as the most deadly twister in six decades, but now has been declared the most costly since at least 1950. Questions: 1. What percentage of the costs are insurance policies expected to cover and what percentage will likely be covered by… Read more »

Copyright Infringement?

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On Wednesday, the Second Circuit Court of Appeals reversed a lower court’s decision to throw out a five-year old lawsuit asking for $1 billion and filed against YouTube by Viacom, as well as other media companies. This copyright infringement suit has become a symbol of the clash between media companies and those competing with them,… Read more »