October 27, 2017

Since its founding in 2012, the women’s apparel seller LuLaRoe has grown into a powerful brand despite never stocking its clothes in stores. Instead, the company directly sells items to a team of independent consultants who find customers on their own. These representatives can eventually receive bonuses if they find new consultants to recruit, thus expanding the number of LuLaRoe sellers as well as customers. If you ask executives at the company, this direct selling strategy fits the mold Continue reading

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October 10, 2017

aliman-senaiEach year some 12 million Americans take out a payday loan in order to get cash fast. But just because these borrowers can receive a quick injection of capital doesn’t mean they can pay it back with comparable speed. Many people who take out a payday loan end up drowning in a flood of loan fees and high interest rates. Last year alone the industry collected more than $7 billion in fees from customers. Borrowers can become so overwhelmed by Continue reading

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September 7, 2017

iidar-sagdejevLast year we took a close look at how Wells Fargo fostered a culture of fraud that encouraged employees to open unauthorized credit and debit card accounts for customers. Investigators at the time estimated the bank had created more than 1.5 million fraudulent accounts, leading Wells Fargo to fire thousands of employees. Further inquiries from Congress also caused the company to replace managers and roll back executive pay as part of an overhaul of its retail division. The scandal Continue reading

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September 1, 2017

Along with being one of the most groundbreaking trade pacts in history, the North American Free Trade Agreement is also considerably controversial. NAFTA has especially faced criticism recently, leading representatives from the U.S., Canada, and Mexico to meet and discuss the future of the deal. This video looks at how NAFTA currently impacts supply chains in North America and how changes to the agreement could affect commerce.

Questions:

  1. What do American opponents of NAFTA want to change about the deal? Continue reading
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August 24, 2017

roger-h-gounLast year beverage companies sold $16 billion worth of bottled water, a 10 percent increase from 2016. The drink is even more popular than soda, but it certainly isn’t a hit with everyone. Along with being a frequent target for environmentalists, critics have also accused companies of lying about the origin of the water in their bottles. In fact, that’s the basis of a class action lawsuit recently filed against Nestle’s Poland Spring brand.

According to the complaint, “Not Continue reading

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August 15, 2017

crocsWhether you love them or hate them, the foam clogs made by the Colorado-based Crocs are certainly distinctive. They can’t be called “unique,” however, at least according to the U.S. Patent and Trademark Office. A recent ruling from the government agency rejected the patent that Crocs has held on its signature shoes since 2006. Apparently another party had registered a similar design a year before, thus invalidating the original trademark.  

The Patent Office’s decision may finally bring an end Continue reading

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August 4, 2017

Since the passage of the Dodd-Frank financial reform act, banks have been required to keep a certain amount of cash on hand relative to their assets. Legislators put the rule in place so that institutions would have enough money in their vaults to bail themselves out in the event of another credit crisis. This video explains the concept of bank capital and why these regulations have caused some frustration in the finance industry.

Questions:

  1. Why are banks required to keep Continue reading
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July 24, 2017

wedding-dressFrom now until the end of October, wedding season will be in full swing in the U.S. All over the country thousands of engaged couples are either ready to tie the knot or caught deep in the throes of the planning process. Of course, anyone who has taken part in a wedding knows just how agonizing they can be to organize. Whether it’s last minute cancellations from guests or caterers who can’t find the venue, weddings have a unique way Continue reading

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June 13, 2017

slgckgc-kitkatKitKats first landed in U.K. candy stores in 1935 and the four-fingered bars quickly became a hit. By the 1970s the crunchy chocolate candy had grown from a popular British treat into a worldwide hit. Nestle purchased KitKat in 1988 and solidified the candy bar’s position as a global brand. KitKat has changed little over the course of this long history, retaining its signature four-fingers of chocolate that “break off” with a satisfying snap.

But according to a recent ruling Continue reading

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european-citiesWith the school year ending and summer right around the corner, students and teachers around the country are likely counting the days until they can finally go on vacation. The most fortunate of this already lucky bunch may be headed to Europe to take in the continent’s grand cities and ancient monuments. But while these world travelers get excited about their upcoming trips, the residents of some European tourist destinations don’t share the same enthusiasm.

Barcelona, for instance, recently passed Continue reading

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