Let’s Eat with Amazon!

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According to Reuters, “Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business.” Questions: 1. What are some of the dishes that Amazon plans to offer? 2. What… Read more »

Is this fraud?

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According to Bloomberg, “CVS Health Corp. and Walgreens Boots Alliance Inc. were sued by California customers who accused the drugstore operators of charging co-payments for certain prescription drugs that exceed the cost of medicines.” Questions: 1. What do Schultz’s and Grabstulz’s lawsuits claim in specific terms? 2. Cases have also been filed against which health… Read more »

How Low Can You Go?

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Barbara Barkley lost her house and her savings to a group of California scam artists who stole $11 million from thousands of struggling homeowners looking for help with their mortgages. Questions: 1. Who was the ringleader of the scam and what sentence does he face? 2. How did the scam work? 3. Why wasn’t there… Read more »

But wait…..there’s more………

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Already struggling to rebuild its reputation after disclosing the creation of fraudulent bank accounts, the New York Times indicates that Wells Fargo may soon release information about even more fraudulent account creation. Questions: 1. Based on the new investigation, how many accounts were found and over what period? 2. What is the new regulatory issue… Read more »

Gosh, D.C., maybe it really IS a crisis!

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When you look at middle-class manufacturing jobs. many do not even require a high school diploma but pay $15 to $25 an hour and offer full benefits. So why aren’t they being filled? As Nelson Schwartz indicates in this article, the problem is that too many applicants — nearly half, in some cases — fail… Read more »

ER Bill Surprise!

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New data suggests that EmCare, now one of the nation’s largest physician-staffing companies for emergency rooms, is showing a disturbing pattern. In the case of a small Spokane, Washington hospital, the number of patients coded as having billing for the most complex, expensive level of care quadrupled after the hospital contracted for services through EmCare…. Read more »

Another Sad Wells Fargo Story

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According to the New York Times, more than 800,000 people who took out car loans from Wells Fargo were charged for auto insurance they did not need, and some of them are still paying for it, according to an internal report prepared for the bank’s executives. Questions: 1. How many customers were forced into delinquency… Read more »

A new manipulation of stock

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Kamilla Bjorlin, actress appearing in movies with Al Pacino and Anthony Hopkins, as well as countless lesser roles, is now looking at possibly her biggest role in defending herself against SEC charges against a modern “pump-and-dump” scheme. Questions: 1. According to the SEC complaint, what was Bjorlin’s firm’s role in driving up the stock of… Read more »

Repealing an effective policy without immediate replacement? Good idea?

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In June, the secretary of education, Betsy DeVos, announced plans to dismantle a set of Obama-era policies devised to protect students and taxpayers from predatory for-profit colleges. However, data released in the final days of the previous administration shows that the existing rules were more effective at shutting down bad college programs than even the… Read more »

The new CFPB rule

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On July 10, the Consumer Financial Protection Bureau (CFPB) issued a controversial rule to prevent companies from using arbitration clauses to stop litigation over customer complaints. Questions: 1. Many of these clauses have been related to credit card or banking customer contracts. If consumers don’t agree with the arbitration, why haven’t they filed class action… Read more »