Posts Tagged: business strategies

Catastrophic Panic

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According to the Washington Post, small businesses are beginning to brace for a worst-case scenario of delayed payments, stalled projects and layoffs if the nation defaults on its debt. Questions: Source: Bhattarai, A. (2023). Small businesses are beginning to panic about a government default. The Washington Post, May 21 (Retrievable online at https://www.washingtonpost.com/business/2023/05/20/debt-ceiling-small-business/)

Investing in an IRA at the last minute. Good idea?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Financial Accounting, Income Taxes, Uncategorized.

According to the New York Times, investing in an I.R.A. just before you file your taxes is better than not investing at all, but may not make as much sense as using the money to pay your bills.  Questions: Source: Sommer, J. (2023). Why Investing at the Last Moment Can Hurt Your Returns, February 25… Read more »

Vice Headed for Bankruptcy

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According to the New York Times, Vice, the digital-media company that earned investments by Disney and Fox prior to a crash-landing, is preparing to file for bankruptcy, according to two people with knowledge of its operations. Questions: Source: Hirsch, L. and B. Mullin. (2023). Vice Is Said to Be Headed for Bankruptcy. The New York… Read more »

The Godfather Speaks about AI

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According to the New York Times, for half a century, Geoffrey Hinton nurtured the technology at the heart of chatbots like ChatGPT. Now he worries it will cause serious harm. Questions: Source: Metz, C. (2023). ‘The Godfather of A.I.’ Leaves Google and Warns of Danger Ahead. The New York Times, May 1 (Retrievable online at… Read more »

NBCUniversal CEO Out

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According to the Washington Post, the NBCUniversal CEO Jeff Shell will leave the company “effective immediately” following an investigation into a complaint of inappropriate conduct. Questions: Source: Kaur, A. (2023). NBCUniversal CEO departs after ‘inappropriate relationship’. The Washington Post, April 23 (Retrievable online at https://www.washingtonpost.com/business/2023/04/23/jeff-shell-ceo-nbcuniversal-leaves)

Artificial Intelligence (AI) Responses Are Responsible for the Firing of an Editor

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Recently, we have heard many things about the dangers of artificial intelligence (AI). Today, the New York Times published an article about the firing of the editor of German celebrity magazine Die Aktuelle that used the AI-generated responses of retired Formula 1 driver, Michael Schumacher. Questions: Source: Holpuch, A. (2023) German Magazine Editor Is Fired… Read more »

Bankruptcy for Bed Bath & Beyond

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According to the New York Times, Bed Bath & Beyond (BB&B) failed to fully reckon with the rise of online shopping, leading to its bankruptcy filing. Questions Source: Holman, J. and M. Hirsch (2023). Bed Bath & Beyond Files for Bankruptcy. The New York Times, April 23 (Retrievable online at https://www.nytimes.com/2023/04/23/business/bed-bath-beyond-bankruptcy.html)

All the Small Things Add Up!

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According to the New York Times, while government aid and organizations can ease the burden of major losses, disaster victims are burdened by small expenses to rebuild their lives. Questions: Source: Hagerty, C. (2023). When Floods Destroy Homes, Hidden Costs Can Devastate Survivors. The New York Times, April 22 (Retrievable online at https://www.nytimes.com/2023/04/22/business/flood-damage-home-costs.html)

Bizarre Development Surfacing Related to Embezzlement and Wire Fraud

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After a 21-day manhunt, Roy C. McGrath, a fugitive who had been a top aide to Larry Hogan when he was Maryland’s governor, died Monday as the result of a confrontation with the FBI in the Knoxville, Tennessee area.  Questions: Source: Thompson, S., O. Wiggins, P. Stein, and M. Wells. (2023). Former Hogan chief of… Read more »

Racist Treatment Costs Tesla $3.2 million

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According to the New York Times, a former Tesla factory worker, who is Black, challenged a judge’s earlier award of $15 million, but came away with less in a new trial. Questions: Source: Chokshi, N. (2023) Jury Says Tesla Must Pay Worker $3.2 Million Over Racist Treatment. The New York Times, April 3 (Retrievable online… Read more »