November 13, 2014

 

When it comes to innovation in business, creating a viable and valuable product is just the first step. After all, the arrival of the portable MP3 player made many companies stand up and take notice of this revolutionary device. One of those firms was Apple, who soon came to dominate the market with the iPod. Although the signature MP3 player was released later than its competitors, the product’s dependability and stylish design quickly allowed it to capture the bulk Continue reading

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October 15, 2014

 

mickeydsRussia’s aggression against Ukraine has been widely condemned by the international community. Besides strongly denouncing the nation’s actions, recent U.N. resolutions hit Vladimir Putin’s government with economic sanctions as well. The Kremlin responded to this punishment by banning the importation of food from the U.S., Canada, Australia, Norway and the European Union. Shortly after news of the ban broke, Russia also announced that it was closing down four McDonald’s locations in Moscow for “sanitary violations.”

For outsiders, the link Continue reading

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October 5, 2014

 

Since the onset of the financial crisis of 2008, millions of Americans have looked for ways to earn additional income. For some, multi-level marketing companies like Avon and Herbalife presented a good avenue for making extra cash. In these types of operations, individuals pay the company for a bulk amount of goods that they then sell to other people. According to multi-level marketing firms and their trade groups, the system allows consumers to purchase their favorite products at a Continue reading

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October 1, 2014

As people inevitably default on their subprime auto loans, dealers turn to a variety of ways to retain their merchandise, sometimes with hazardous consequences.

 

http://nyti.ms/1qwkB8x

 Questions:

  1. Do regulatory agencies need to clearly define when a borrower is in default?
  1. Should lenders be able to turn off a moving car?

From The New York Times

 

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September 30, 2014

In 1988, just two states allowed casino gambling. Today, New Jersey and Nevada are joined by more than 35 other states that have legalized casinos. Over the years, local governments across the nation promoted gambling as a way to generate additional tax revenue. Plenty of municipalities bought into the idea, leading to a rush of casino construction throughout the 1990s and 2000s.

Like so many other industries, business was good until the recession hit in 2008. Since then, not only Continue reading

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September 15, 2014

In order to attract cash-strapped buyers, more auto dealers are offering sub-prime loans on vehicles for people with poor credit. This video and the one below document the potential dangers of this financing practice.

 

http://nyti.ms/1lgctaY 

Questions:

  1. What are the major advantages and disadvantages of sub-prime lending?
  1. Are investors in bundled sub-prime car loans taking on significant risk?

From The New York Times

 

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September 2, 2014

In the mid-20th century, many struggling nations around the world relied heavily on outside governments for assistance. Foreign aid of this nature accounted for 71 percent of all worldwide capital flows as recently as 1960. As the years progressed, however, governments largely removed themselves from the global development game. Today, foreign aid accounts for less than 1 percent of the U.S. budget and only 9 percent of current capital flows.

To fill this void, non-governmental organizations and groups such Continue reading

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September 1, 2014

An entrepreneurial incubator in California’s Folsom Prison teaches inmates business skills that can help them adjust to life after release.

 

Questions:

  1. Why are programs like the Last Mile important good for society?
  1. What message did inmate Trevor Bird offer that’s important to remember?

From CNN Money

 

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August 26, 2014

Economists have long argued that a skills gap is growing among the American workforce. Hundreds of businesses both large and small have echoed this sentiment, claiming that there aren’t enough qualified people to perform certain jobs. However, in most cases this line of thinking simply doesn’t add up. According to the Bureau of Labor Statistics, the number of unemployed people exceeds the number of jobs available in every industry. In durable goods manufacturing, for instance, there are approximately 576,000 idle Continue reading

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August 23, 2014

 

caregivingIn order to turn a successful business into a successful franchise, an entrepreneur needs a strong concept along with good people to implement it. That’s exactly what Allen Hager set out to do when he launched his home health care company, Right at Home, as a franchise nearly 20 years ago. By expanding the business plan and setting strict hiring policies, Right at Home has grown into a company with nearly 400 locations across the world and $265 million Continue reading

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