According to CNN, the struggling Family Dollar discount chain will close nearly 1,000 stores as parent company, Dollar Tree, has struggled to integrate Family Dollar. Questions: Source: Meyersohn, N. (2024). Family Dollar and Dollar Tree will close 1,000 stores. CNN, March 13 (Retrievable online at https://www.cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores/index.html)
Posts Tagged: Internal Controls
Making Data-Dependent Decisions with Undependable Data: The Fed is FEDUP!
According to CNN, the Fed is “fed up” with economic revisions. Questions Source, E. Buchwald. (2024) The Fed is fed up with data revisions. CNN.com, Jan. 31 (Retrievable online at https://www.cnn.com/2024/01/31/economy/data-revisions-fed-rate-changes/index.html)
Meta Vows to Label AI
According to ABC News, Meta will begin labeling images created by artificial intelligence products. Questions: Source: Staff (2024). Meta will begin labeling AI-generated images, citing ‘blurred’ reality online. ABC News, Feb 6 (Retrievable online at https://www.msn.com/en-us/news/technology/meta-will-begin-labeling-ai-generated-images-citing-blurred-reality-online/ar-BB1hS8ho)
Did “Skimpflation” invade your Thanksgiving dinner?
Does you favorite food seem to be in smaller proportions than usual? If so, you might want to see if you are being faced with “skimpflation”? Questions Source: George, M. (2023). “Skimpflation” may be slipping by grocery shoppers. Here’s how to spot it. Nov. 27 (Retrievable online at https://www.msn.com/en-us/foodanddrink/foodnews/skimpflation-may-be-slipping-by-grocery-shoppers-heres-how-to-spot-it/ar-AA1kBhsJ).
Accounting for Intangibles
In a recent meeting, the Federal Trade Commission (FTC) challenged more than 100 patents held by manufacturers of brand-name asthma inhalers, epinephrine autoinjectors, and other drug products as improperly or inaccurately listed in the Food and Drug Administration’s (FDA) publication of “Approved Drug Products with Therapeutic Equivalence Evaluations,” commonly known as the “Orange Book.” Questions:… Read more »
Ergonomic Nightmares and Its Not Even Halloween!
According to the Washington Post, state labor regulators in Washington state allege that working at Amazon exposes staff to increased risk of ergonomic injury and musculoskeletal disorders as they awkwardly bend and twist to move goods through the warehouse. Questions: Source: O’Donovan, C. (2023). Regulators struggle to rein in Amazon on safety for warehouse workers…. Read more »
Forced Labor for the Sake of EV?
According to the Washington Post, Tesla has been conspicuously silent when it comes to China, despite evidence that materials that go into its vehicles come from the Xinjiang region, where forced labor has been rampant. Questions: Source: Halper, E. (2023). EV makers’ Use of Chinese Suppliers Raises Concerns About Forced Labor. The Washington Post, Sep…. Read more »
Crackdown on COVID frauds
In the last week, the U.S. Department of Justice announced that it has cracked down on 3,195 individuals that have fraudulently obtained pandemic relief funds. Questions: Source: Fowle, D. (2023). Justice Department arrests nearly 3,200 for COVID relief-related fraud. Fox News, August 30 (Retrievable online at https://www.fox5atlanta.com/news/justice-dept-arrests-nearly-3200-people-for-covid-related-fraud-murder-for-hire-plot-interrupted)
Rite Aid – A Rocky Road Ahead
According to CNN, Rite Aid shares slid lower as the pharmacy chain prepared bankruptcy filings this week while dealing with lawsuits over the sale of opioids. Questions: Source: Goodkind, R. (2023) Rite Aid stock is experiencing extreme turbulence: Here’s why. CNN, August 28 (Retrievable online at https://www.cnn.com/2023/08/28/investing/rite-aid-stock-bankruptcy/index.html)
Ponzi Schemer Resurfaces
According to the New York Post, a Colorado conman who escaped from a federal prison in Colorado in 2018 was rearrested in Florida, living in a luxurious $1.5 million mansion. Questions: Source: Reyes, R. (2023) Colorado conman who escaped fed prison caught living lavishly in $1.5M Florida mansion. The New York Post, Aug. 3 (Retrievable… Read more »