December 1, 2013

 

This video chronicles the famous saga of a woman who spilled McDonald’s coffee on herself and won a huge settlement, along with the ire of a nation.

http://nyti.ms/15WTRbJ 

Questions:

  1. Why did McDonald’s fight to not change the temperature of their coffee?
  1. Why did the actual facts in this case never come to light?

From The New York Times

 

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November 30, 2013

 

People today are becoming less and less dependent on cash, though you wouldn’t know it from looking at most vending machines. More than 40 percent of American adults said in a recent survey that they could go a week without paying for something in cash. Meanwhile, many of the nation’s vending machines continue to accept only bills and coins. This reluctance to change likely led to the vending industry’s 18.3 percent drop in sales between 2007 and 2011. When Continue reading

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November 27, 2013

Recruiting capable and contented employees remains one of the biggest challenges facing businesses today. In fact, hiring represents a $400 billion global industry as companies the world over vet candidates on their education and experience. But according to a new generation of HR upstarts, the traditional methods used to evaluate potential hires are in desperate need of updating. After all, 70 percent of American workers claim they are dissatisfied in their jobs, and as recently as 2007, 3 million people Continue reading

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November 24, 2013

Coming up with innovative products and services is no simple task for companies to accomplish. After all, most new item that businesses roll out takes years of research and development, a costly investment that’s not guaranteed to succeed. In order to avoid R&D burnout, many companies have held competitions in the hopes of finding a great idea from outside the organization. And according to a new MIT study, this might just be the most efficient way for companies to innovate. Continue reading

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November 19, 2013

 

For many image-conscious consumers, product customization provides a way to stand out from the crowd without searching high and low for something totally unique. At Big Shot Bikes, for instance, customers can choose the color and shape of up to 10 parts of the Colorado company’s fixed gear bikes. Once customers select their preferences, Big Shot assembles the bicycles and ships them to the buyers for under $500. With such a relatively reasonable price tag, the company wants consumers Continue reading

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November 17, 2013

The information that appears on food packaging is under more scrutiny than ever as many people carefully count their calories and regulators research companies’ health claims. However, there’s one line on nearly every item of food that bamboozles both consumers and producers alike: the “sell by” date. Or should we say the “use by” date? Whatever name it goes by on a particular package of food, misunderstanding of its meaning causes Americans to toss out more than 40 percent of Continue reading

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November 13, 2013

As Americans become more health conscious, food companies have had to come up with increasingly creative ways to keep people snacking. In fact, just last month we featured an article in the newsletter about how smaller packaging can lead people to eat more than they normally would. But for a growing number of consumers, fatty snacks like candy and potato chips are to be avoided no matter how they’re packaged. That’s why a number of niche brands have popped up Continue reading

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November 11, 2013

 

It’s a sad fact that nearly 49 million Americans live without health insurance while millions more scrape by with lackluster coverage. With the Affordable Care Act getting off to a rough start and months to go before its full implementation, the nation’s underinsured must often make due with the limited resources at their disposal. In fact, according to Consumer Reports one of the cheapest and most common ways for people to get the care they need is to barter Continue reading

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November 5, 2013

For too many Americans today, saving for retirement is an afterthought. Fifty-nine percent of households headed by people 65 or older have no retirement assets whatsoever. As a result, more than 7.2 million individuals over 65 were employed last year, a jump of almost 67 percent from a decade ago. A portion of these working class seniors were thrown back into the job force after the global financial crisis wreaked havoc on their nest eggs. But many more reached this Continue reading

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