Is Zombie World in Our Future?

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According to the New York Times, it is possible that the Net may be the habitat of AI agents, which are being transformed from chatbots that play games, query websites, schedule meetings, build bar charts and do much more. Questions: Source: Metz, C. and K. Weize. (2023). How ‘A.I. Agents’ That Roam the Internet Could… Read more »

Some Interesting and Difficult Issues Surround the RiteAid Bankruptcy!

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According to the New York Times, RiteAid, one of the country’s largest pharmacy chains, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers. Questions: Source: Holman, J. and L. Hirsch. (2023). Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy. The New York Times, Oct. 16 (Retrievable online… Read more »

Ergonomic Nightmares and Its Not Even Halloween!

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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 »

Beware Evil-Doers!

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IRS Commissioner Daniel Werfel said Monday in a letter to leaders of the Senate Finance Committee that the agency would renew its effort to crack down on predatory (or bad) preparers. Questions: Source: Weil, J. (2023). IRS vows to crack down on predatory preparers, change audit strategy. The Washington Post, Sep. 18 (Retrievable online at… Read more »

Crackdown on COVID frauds

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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)

Judge Vacates Conviction for Bribery Fraud Regarding Lucrative Rights To View Soccer Tournaments

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According to the New York Times, Hernán López, a former Fox employee, and an Argentine sports marketing company had been convicted of participating in a bribery scheme to secure rights to widely viewed soccer tournaments. Now an acquittal. Questions: Meko, H. and K. Bensinger. (2023). Judge Vacates Convictions in Bribery Case Over Soccer Broadcast Deals…. Read more »

Rite Aid – A Rocky Road Ahead

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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)

The Highest Paid Medical Doctors are in the Dakotas. Why?

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According to the Washington Post, there is an interesting phenomenon about the location of the highest paid medical doctors. Questions: Source: Van Dam, A. (2023). The real reason the highest-paid doctors are in the Dakotas. The Washington Post, Aug. 11 (Retrievable online at https://www.washingtonpost.com/business/2023/08/11/doctor-pay-geography/)

It’s Called the “Urban Doom-Loop”

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With more people working remotely, companies are rethinking their plans to sign leases on business buildings in downtown areas all over the U.S. Questions: Source: Siegel, R. (2023). How the ‘urban doom loop’ could pose the next economic threat. The Washington Post, Aug. 28 (Retrievable online at https://www.washingtonpost.com/business/2023/08/28/commercial-real-estate-economy-urban-doom-loop/)

Great News for Accounting Students and Graduates!

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According to Accounting Today, less than one percent of firms can find enough accounting staff. Questions: Source: Cohn, M. (2023) Less than 1% of firms can find enough staff. Accounting Today, Aug. 2 (Retrievable online at https://www.accountingtoday.com/news/less-than-1-of-accounting-firms-can-find-enough-staff?)