A Mysterious Amount of Net worth!

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In 2012, Forbes dropped J.K. Rowling after eight years on its authoritative billionaires list, saying high British taxes and large charitable contributions had eroded her fortune. Questions: 1. Why should Forbes rethink that? 2. If Rowling gets equivalent of Universal Studios Park ticket sales equal to Spielberg, how much of that would a $100 ticket… Read more »

All I got was a Plaque!

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In April 1967, hamburger lovers in Uniontown, Pa., south of Pittsburgh, met a newer, bigger burger. Introduced by a local McDonald’s, it was called the Big Mac, and for 45 cents it delivered, as a 1970s jingle would have it, “two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame-seed bun.” Questions: 1…. Read more »

The Story behind Dirty Linen

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Major American retailers, including Target and Wal-Mart Stores Inc., have been selling premium-priced sheets purportedly made of Egyptian cotton — a byword for luxury in linens. However, these may in reality be woven with lower-quality cotton blends. Questions: 1. Briefly discuss the suits seeking to be certified as class-actions against these actions. 2. Who is… Read more »

You Deserve a Break Today!

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According to Reuters, McDonald’s Corp has agreed to pay $3.75 million to settle a lawsuit claiming it was liable for labor law violations by a California franchisee, marking what lawyers said was the first time the company has settled legal claims by a group of U.S. workers at one of its franchises. Questions: 1. Where… Read more »

Is this Fair?

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Since 2014, a Michigan law has limited Tesla Motors’ capacity to sell in the state, after the Republican-led legislature implemented a statute that banned the company’s only method of selling its cars to consumers. Questions: 1. What are the four states that Tesla has been shut out of? 2. Where did Tesla win its most… Read more »

A new “capital” buffer

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According to Reuters, the Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller banks as it considers reforms to its annual ‘stress test. Questions: 1. What is a stress test? 2. How will the proposed reforms mean different things depending on the size of the bank?… Read more »

Solidarity Forever!

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Reversing a landmark ruling from the George W. Bush era, the National Labor Relations Board ruled today that graduate students who work as teaching and research assistants at private universities have the right to form labor unions. Questions: 1. Where did the original case take place? 2. What universities are excluded from the ruling and… Read more »

You Got Caught! Unauthorized!

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According to The Guardian, Wells Fargo will pay $185m in a settlement over illegal sales practices that included the opening of unauthorized duplicate accounts and credit cards by employees in order to meet sales quotas. Questions: 1. What does the settlement include? 2. Over what period did this take place? 3. Which agency took action… Read more »

Scamming taxpayers with an Act that prevents actions against misconduct?

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According to Business Insider, the Commerce Department’s Inspector General concluded that thousands of employees in the federal Patent and Trademark Office scammed taxpayers out of at least $18.3 million, probably a lot more, by falsely claiming nearly 289,000 hours of work they never put in. Questions: 1. What Act restricts federal officials from comparing multiple… Read more »

CostCo Woes: Maybe or Maybe not?

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Costco started to transition from American Express to Visa as its exclusive credit card partner in June. As a result, delays and confusion have only gotten worse nearly two months later! Questions: 1. What were some of the biggest problems they faced? 2. Who is the issue of the new Costco Anywhere Visa and what… Read more »