Posts Tagged: Costs

Beware of Convenience Checks!

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he price of tapping credit through a cash advance, which lets people borrow from their credit cards by writing a check or withdrawing money from an ATM, is much steeper than it would be for a traditional credit purchase. It’s also much harder to avoid fees when a cash advance is involved. Questions: 1. What… Read more »

Loss-Prevention Profiling at CVS

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Four former loss-prevention employees from the CVS chain in New York filed a class-action lawsuit on June 3rd against the drugstore chain, accusing their bosses of ordering them to target black and Hispanic shoppers. According to the detectives, they were fired after complaining about racial discrimination, against both customers and themselves. Questions: 1. Why is… Read more »

The More Things Change, The More They Stay the Same

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Walmart’s board elected a new chairman at its annual stockholders’ meeting last week. As only the third chairman in the retail giant’s history, the post was passed on to a member of the founding Walton family. Questions: 1. What type of background does Mr. Penner have that will be beneficial in this post? 2. Why… Read more »

Severe Cuts for Higher Education in Louisiana….Who’s Next?

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Governor Bobby Jindal’s new budget in Louisiana proposes off-setting declines in oil revenue by cutting $1.6 million from the budget of state higher education institutions. At the same time as it is predicted that 60% of adults in 2025 will have to have postsecondary credentials in order for the U.S. to maintain its economic edge,… Read more »

A Legalized Scam?

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Most people do not shop around for title insurance when they buy a home. Instead, they usually just go to the title insurance company that the real estate agent recommends.This article highlights the problem with this model. Questions: 1. Using the fraud triangle, discuss what factors are at work in the title insurance industry. 2…. Read more »

Schedules: The Next Labor Fight

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While the minimum wage issue has come to the top of political agendas over the past few years, it appears that the new frontier in labor reform will be schedules and pushing back against the corporate trend to time shifts when labor is needed. Questions: 1. What are some of the requirements that proponents hope… Read more »

Credit Unions for Pot?

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Since medical marijuana was legalized in Colorado in 2001 and recreational marijuana was legalized a year ago, sellers have had limited, if any, access to banking services. As a result, a group of other entrepreneurs in Colorado want to start the first-ever financial institution established specifically to serve the pot industry. Questions: 1. What are… Read more »

Why Can’t I Get A Break on Airline Tickets, with Gas Down to Record Lows?

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Even with oil prices down, it seems like airline tickets are either increasing in price or staying level. In fact in October 2014, there were four separate attempts by U.S. airlines to hike airfares with mixed success. But why? Questions: 1. To what conditions does Seany attribute the high airline ticket prices? 2. Do you… Read more »

Military Contracting Failures: A $1.5 Trillion Mistake

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The F-35 is being produced by 1,200 suppliers. Seen as the fighter jet of the future, it has trouble flying at night, its engines have exploded during takeoff, and early models suffered structural cracks. Questions: 1. Why is the military still pursuing the production of this pink elephant? Why doesn’t technology become less costly for… Read more »

Let’s Have Pizza!

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According to the New York Times, the uptick in pizza sales in Brooklyn at Domino’s Pizza is due to stolen credit card numbers being used to order to see which cards were still active and could be used for bigger purchases. Questions: 1. Explain why the article called this a blend of high-tech fraud and… Read more »