Flight of the Bumble Bee

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According to the Associated Press, U.S. prosecutors filed a criminal charge against the CEO of Bumble Bee Foods as part of an ongoing investigation into price fixing in the packaged seafood industry. Questions: 1. During what period did the firm allegedly conspire with others in the industry to eliminate competition by setting prices for canned… Read more »

Would you rather make a Type 1 or Type 2 Error Regarding the Emergency Room Visit?

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Jim Burton thought he was dying after lifting a box in his garage last and feeling a large jolt in his back. When his health insurer, Anthem, refused to pay for his E.R. visit of $1,722, citing that care was not needed right away, Jim learned that Anthem denied thousands of claims last year under… Read more »

Sports Betting in All States!

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According to the New York Times, The Supreme Court struck down a federal law that effectively banned commercial sports betting in most states, boosting the prospect of such gambling across the nation. Questions: 1. Who are the winners in this decision? 2. Who are the losers in this decision? 3. According to the article, what… Read more »

Growing your own mystery meat!

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According to Reuters, Tyson Foods (TSN.N), the largest U.S. meat processor, has invested in an Israeli biotech company developing a way to grow affordable meat in a laboratory that takes live animals out of the equation. Questions: 1. What does the technology focus on in order to provide the same texture as meat? 2. How… Read more »

Now you see it, now you don’t…Presto!

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According to Axios, there was a 17% drop in international students in the U.S. last year, mostly due to the 28% decline in Indian students and a 24% decline in Chinese students receiving visas. Questions: 1. Is the trend in international students attributable to President Trump’s immigration policy changes and rhetoric? Explain. 2. What are… Read more »

Which Card Should I Choose?

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The first credit card offering frequent-flier miles made its debut over 30 years ago. Delta Airlines generated $3 billion from its relationship with American Express in 2017 and expects to hit $4 billion by 2021. Questions: 1. What did the frequent flier airline cards offer in the 1980s? How does that compare to now? 2…. Read more »

Mesh Lawsuits

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This New York Times article exposes a growing industry that makes money by coaxing women into having surgery — sometimes unnecessarily — so that they are more lucrative plaintiffs in lawsuits against medical device manufacturers. Questions: 1. What is the role of lawyers in this industry? 2. What is the role of marketers in this… Read more »

They’re back!

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According to CNN, shares of BlackBerry (BB) were up in early trading Wednesday after the company reported earnings and sales that topped forecasts, led by growth in its software and services business. Questions: 1. Why is this such big news? 2. How is the company making a big bunch of their money? 3. What has… Read more »

The Top Frauds of 2017

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Monica Vaca, the Associate Director of the Division of Consumer Response and Operations at the Federal Trade Commission (FTC) just released the results from last year regarding the top frauds of 2017. Topping the list of reported frauds are the imposter scams, with nearly 350,000 reported. Questions: 1. How many people fell for someone pretending… Read more »

Cyclic Component of the Labor Force Participation Rate

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According to Bloomberg, U.S. central bankers seem to feel that when it comes to employment, they’ve done about as much as they can. As a result, the Federal Reserve’s Monetary Policy Report (released last week) concluded that the labor market was “at or a little beyond full employment.” Questions: 1. If you boil the whole… Read more »