In an April 16 New York Times article, Stephanie Strom reported that ” General Mills, the maker of cereals like Cheerios and Chex as well as brands like Bisquick and Betty Crocker, has quietly added language to its website to alert consumers that they give up their right to sue the company if they download… Read more »
Posts Tagged: contemporary business issues
Billions in American Aid Money Stolen or Wasted?
Beginning as a small, international humanitarian not-for-profit organization in 1998, the International Relief and Development (IRD) organization has received more grants and cooperative agreements from USAID in recent years than any other nonprofit relief and development organization in the nation — $1.9 billion. Unfortunately, companies such as IRD manage hundreds of millions of dollars’ worth… Read more »
Will your digital brain let you slow down?
What are the consequences of reading with the interactivity of the Internet? Researchers warn that people seem to be developing digital brains with new circuits for skimming through the torrent of information online and this is actually competing with our traditional deep reading circuitry. Questions: 1. How do you think that this could impact auditors… Read more »
Antitrust Hiring Suit Settlement by Technology Companies
Approximately 64,000 engineers won a victory over their technology companies, but did not win much money. At issue, a class action suit claimed, was an agreement by the four technology giants – Google, Intel, Adobe and Apple – not to poach each others’ employees. The engineers argued that this private old boy’s network agreement caused… Read more »
The Fine Print of Reverse Mortgages
Children of elderly borrowers are now learning how their parents’ reverse mortgages are threatening their own inheritances. Questions: 1. Under federal rules for reverse mortgages, what options are survivors suppose to be offered when their parents die? 2. All reverse mortgages require the borrower to pay into a federal insurance fund each month. What is… Read more »
Here’s a Warning for Dog Lovers!
Over approximately the last seven years (or 2,643 days), at least 600 dogs have died and thousands of others have been sickened by jerky treats. However, while the FDA has warned against this apparent link, the culprit has remained largely a mystery. Questions: 1. Have the illnesses only affected dogs? Why is the FDA limited… Read more »
When will paper records be a thing of the past at Iron Mountain?
There are 600 employees of the federal government’s Office of Personnel Management processing retirement papers of the government’s own workers deep down in a limestone mine in Boyer, PA. No, this is not a joke or prank. The operative word here is “paper.” The old mine’s tunnels have room for more than 28,000 file cabinets… Read more »
Oh, to get a hole-in-one!
Matt Ramsey’s joy of winning the $10,000 prize for sinking a hole in one was not dashed by his own skills, but the scamming of Kevin Kolenda. Like other hole-in-one winners around the country, Matt learned that he was the victim of a scam whereby Kolenda sold insurance without a license in several states to… Read more »
Dirty Dozen Tax Scams for 2014
In an effort to remind taxpayers to use caution during tax season and protect themselves against a wide range of schemes, the IRS compiled a variety of common scams that taxpayers can encounter at any point during the year, but which are expected to increase during peak filing season this Spring. Questions: 1. Who criminally… Read more »
Is it wise to taunt the IRS and the Tampa Police Department on Facebook?
As accounting firms frantically work during this season to prepare 2013 tax returns, this story takes a look back at the story of the “Queen of Tax Fraud.” Rashida Wilson, a 27-year-old Tampa woman, who once taunted police and bragged about her ill-gotten millions on a social media website, won’t be a free woman until… Read more »