More worries at Wells Fargo

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As the third-largest bank continues to suffer under a sales scandal that happened in 2016, Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve. This news sent its shares down sharply in after-hours trading. Questions: 1. What are the growth restrictions on the bank imposed by the Feds? 2. Why… Read more »

How Can An Extended Shutdown Hurt the Economy?

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According to the New York Times, a partial stop with this shutdown costs the economy productive work time; historical evidence suggests, along with revenue that the federal government collects from daily fees at parks and museums that private-sector companies that contract with the government have their work temporarily disrupted, and travel spending is reduced, affecting… Read more »

Driving a Car in Manhattan may get pricey!

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Under a major proposal prepared for Gov. Andrew M. Cuomo, driving a car into the most congested parts of Manhattan under the new pay-to-drive plan would cost about $11.52. Questions: 1. What are the two goals of the plan? 2. What will trucks and taxis pay? 3. Who originally promoted the plan? 4. How much… Read more »

Inequality in Taxes

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Interestingly, in most places, a dollar is a dollar. However, under the new tax plans, that may change. Consider two chefs working side by side for the same catering company, doing the same job, for the same hours and the same money. The only difference is that one is an employee, the other an independent… Read more »

Time to take a nap!

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According to the Guardian, more firms are looking into a rested workforce because sleep has an image problem in the business world. Questions 1. What is the definition of sufficient sleep and how do the U.S., U.K, and Japan stack up to this definition> 2. What are some of the reasons for the global sleep-loss… Read more »

A Big Move

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Investors sent shares in Dollar General higher Thursday after the company announced better-than-expected sales growth and plans to open 900 stores in 2018. Questions: 1. What was the overall strategy of Dollar General in the competitive retail business? 2. What is the future that Dollar General hopes for in opening these new stores? 3. What… Read more »

A Big Shout Out!

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According to Huffington Post, even though Hurricane Maria destroyed much of the island’s infrastructure in September, forcing TJ Maxx to shutter some stores there, the company has nevertheless been dutifully paying its employees ever since. Questions: 1. How much of the power had been restored to Puerto Rico when this article was written? 2. How… Read more »

Big Deal

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According to Reuters, Aetna Inc’s board of directors approved the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock. As such, this $69 billion deal will be the largest corporate acquisition. Questions: 1. What will Aetna shareholders receive? 2. What will happen to Aetna’s… Read more »

Wanted: Someone to handle my cash

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Personal assistants are the cash handlers for many celebrities, a job that rarely comes with any sort of Hollywood glamour. Questions: 1. According to the article: “…the longer someone has been famous, the less ________________________. Complete the sentence and discuss the implications. 2. What was the most interesting thing you learned from this article? 3…. Read more »

Program at a Standstill!

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According to Mother Jones, in 10 months, the Trump administration has yet to approve a single claim to help defrauded students of such for-profit colleges as Corinthian or ITT. Questions: 1. Who is now calling on the Department of Education to resume helping students who borrowed loans from the fraudulent for-profit colleges? 2. Approximately how… Read more »