More evidence of the wealth divide

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Even with the economy in a funk and many Americans pulling back on spending, the rich are again buying designer clothing, luxury cars and about anything that catches their fancy. Luxury goods stores, which fared much worse than other retailers in the recession, are more than recovering — they are zooming. Many high-end businesses are… Read more »

What’s the news about Spotify?

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Online music service Spotify has launched what it hopes to be an iTunes rival, allowing users to synch music on their iPods and other MP3 players without using Apple’s proprietary service. Can Spotify’s success in Europe be repeated on American soil? This question should be put to test starting now as the music-streaming company officially… Read more »

OK, tell me again, how is this NOT a prosecutable felony?

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In late June 2004, a plant manager in charge of a Mexican plant of Tyson Foods sent a memo to his headquarters in Springdale, Arkansas about 2 women who did not work for Tyson’s but were being paid from his payroll, the equivalent of $2,700 per month (and had been for years). The women happened to… Read more »

The Comeback Kid?

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Pandora, an online radio service, had a public offering of stock on June 15, 2011. Many are saying that its success in the public offering is part of a new tech bubble in the stock market. As of April had 90 million registered members, which is up from 80 million in February. Its members racked… Read more »

Fraud in Medicare Part D

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Crooks are taking advantage of lax oversight in Medicare’s Part D prescription-drug program to obtain highly addictive drugs including oxycodone, Ritalin, and methadone, according to results of a federal investigation. Pharmacies and other Medicare contractors are supposed to enter in a form a number that identifies prescribers. But in many cases, that information is being… Read more »

Macro Sea: Urban Renewal and Greening Ideas

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David Belt, a successful developer and construction consultant and manager, is interested in urban renewal and the greening of America.  He created a stir when he created do-it –yourself swimming pools made from dumpsters.  In another project, Glassphemy, Belt and his team of architects endeavored to make recycling more exciting.  This project allowed participants to… Read more »

The Avandia Disaster

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GlaxoSmithKline (GSK)’s $3.4 billion legal charge on the diabetes drug Avandia probably isn’t the last of the costs the company will record against this drug. That means Avandia will probably be a lossmaker for GSK, proving that former CEO Jean-Pierre Garnier 1999 failure to follow up on worries about heart attack deaths associated with Avandia… Read more »

Google’s Questionable Algorithm

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Any publicity, even negative publicity, means a win with Google’s ranking algorithms. This New York Times story details a retailer known as DecorMyEyes.com who first hired a search optimization company to burnish the site’s reputation by writing positive things about the company, but then stumbled on a better “free” success strategy of providing poor customer… Read more »

How to “Regroup” During a Recession

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Chris Mittelstaedt, owner of The FruitGuys, has turned his local business into a national operation by changing strategy during the recession through investment in technology and the restructuring of his operations. Required: 1.  Based on the video, what were some of the things that Chris did to cut costs?  What disaster almost bankrupted his company?… Read more »