Under-capitalization costs lives

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According to the Washington Post, investigations show that Life Care Centers of America, one of the largest chains in the industry, violated federal standards meant to stop the spread of infections and communicable diseases even after outbreaks and deaths from COVID-19 began to sweep its facilities from the Pacific Northwest to New England. Questions What… Read more »

Sad Times for a Retail Icon!

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This week, J.C. Penney filed for bankruptcy protection after a prolonged decline over the past 20 years, becoming the latest and largest retailer to fall during the coronavirus pandemic, which has devastated the industry. Questions: How many employees does this affect? When and where did the company start? How many stores does the company have… Read more »

Don’t Delay Reporting to Federal Officials

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According to the Washington Post, The Life Care Center of Kirkland in Washington State failed to report an outbreak of respiratory illness to local authorities for two weeks as required by law under Medicare and Medicaid, which led to 40 COVID-19 deaths at the nursing home. Questions: How much is the per-day civil penalty levied… Read more »

Be Careful What you Wish For: Stranded in Paradise

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According to the New York Times, a South African couple, on their honeymoon in the Maldives are now the sole visitors at a five-star resort, due to the coronavirus. Questions: Why don’t they go home with the other 40 South Africans in the Maldives? Who is running the resort and what regulations does the government… Read more »

If You Have Dollars, We’re On Standby

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According to the New York Times, lobbyists are waiting in the wings as the Federal government opens up for coronavirus business. Questions: Which agency has been battling a lot of fraudulent products related to the coronavirus outbreak? How much money did Congress allocate to the EPA to facilitate faster regulatory processing of coronavirus-killing disinfectants? Explain… Read more »

Sad…..

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As the coronavirus pandemic is affecting jobs across the country, ZipRecruiter announced that it will be cutting a large amount of jobs. Questions How much of its workforce is ZipRecruiter cutting? Discuss the timing and why this is so ironic? Where is ZipRecruiter headquartered? Source Morris, M. (2020). $1.5 BILLION ZipRecruiter just laid off hundreds… Read more »

Shopping Life Changes During the Coronavirus Pandemic

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Nationwide, many stores are closing an hour earlier than regular closing times “to allow employees to clean and restock store shelves, as well as for their health and wellbeing.” Questions: Besides closing early, what are some stores doing? What is Dollar General encouraging their shoppers to do? What types of stores were primarily highlighted in… Read more »

I Smell a Bailout – Maybe for some?

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According to Bloomberg, many airlines have been driven into a technical bankruptcy or they have substantially breached debt covenants already.  Questions: Explain why the debt covenants are characteristic of the airline industry. 2. The article talks about steps that have been already taken by some airlines as they are depleted of cash. What are some… Read more »

Amazon’s business surges

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Amazon has seen a dramatic uptick in sales as people are hunkered down due to the coronavirus. Questions: As a result of this dramatic surge in sales, what does Amazon plan to do? What did Amazon warn customers on March 2? Besides Bloomberg, what other publication reported news of the projected hiring? Source: Soper, S…. Read more »

Planning Ahead: Kroger’s Limit of 5

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According to BusinessInsider.com, Kroger said it was limiting orders of some items to “due to high demand and to support all customers.” Questions: Kroger’s is the largest supermarket chain in the U.S. How many stores does it have? Which type of orders does the limit of five apply to? Do you think this is a… Read more »