Business & Finance

Federal Reserve could cause potential trouble for Millennials

The Federal Reserve’s announcement on Sept. 15 stated that it will hold interest rates steady for the remainder of the year and so forth until further notice. In addition, a U.S. interest rate hike could potentially occur by the end of the year. This recent news is great for Baby Boomers, but troubling for their…

China reallocates billions of dollars

China has begun to make plans for recovery after the Shanghai stock exchange bubble burst last summer. In recent years, China has faced major problems with crowding. Regarding employment in various sectors, this issue has spiraled into the problem of Zombie companies, which are state-run businesses that are no longer necessary or functioning, but keep…

Apple looks to expand British car project

Besides working on the launch of new products related to the new iPhone 7 and Air-Pods, Apple Inc.has been working to build an electric car. The corporation has even been in discussions with a few automotive companies about investment opportunities. Rumors of Apple’s automobile effort began in 2015, but they are now making some steps…

ITT Technical Institute closes doors

  ITT Technical Institute shut down all institutions nationwide on Tuesday, Sept. 13.   This included 130 campuses in 38 states, leaving roughly 43,000 students unable to continue their education at their institution and 8,000 faculty members out of jobs.   ITT Tech blames the closing of its buildings to the ban put in place…

Global Business: Pittsburgh gets Uber technical

    Everybody feels awkward when they have to make small talk with their Uber driver, but thanks to new advancements out of Uber’s Pittsburgh facility, this feeling will soon be a thing of the past.  Earlier this month, the technology startup out of San Francisco released its new fleet of self driving cars.  This…

Boler Business: Understanding the income gap between urban and rural areas

  The latest Census Bureau data released early this month on income and poverty shows the first significant growth in average household incomes in almost a decade.   The Census Bureau calculated the percent change in real median household income between 2014 and 2015 in principal cities, suburbs and rural areas.   This growth is…

Equity as compensation in startups creates competition in tech industry

  Companies such as Airbnb and Uber surpassed companies like Amazon and Apple in terms of compensation of their software engineers in the past few months.   Data from Paysa, a provider of compensation information, shows that tech start-up companies like Airbnb and Uber give their employees more equity annually than any other tech company.…

Samsung phones under safety recall

  Samsung has recently undergone the largest recall in the history of the smartphone industry, with a total of 2.5 million units of the new high-end smartphone, Galaxy Note 7, being recalled due to the phones catching fire.   This version of the smartphone was predicted to be the next big thing for the South…

Local restaurant freebies and student deals

  Heading into the new school year, there are lots of local restaurants and businesses who can help people save money by offering a variety of student discounts, “college nights” and promotions.   Several of the businesses that offer flat, all-year long discounts for John Carroll students are the restaurants located on Fairmount Circle, such…

Volkswagen scandals continue in U.S.

The ongoing U.S. investigations of German car manufacturer Volkswagen lead to one of their engineers being convicted earlier this week. James Liang’s charges include conspiring to defraud the U.S., conspiring to commit wire fraud and conspiring to violate the Clean Air Act. The conspiracy began in November 2006, and the cheating was revealed in September…

Virgin Galactic restarts space tourism

Accomplishing dreams of becoming an astronaut has just become a step more attainable thanks to Virgin Galactic.   On Thursday Sept. 9, Virgin Galactic announced the return of their space tourism program with a test flight of their WhiteKnightTwo and SpaceShipTwo. According to Virgin Galactic’s update from Mojave, where the test flight took place, the…

The degrading state of our nation’s infrastructure

Individuals in Britain who use MasterCard, an American multinational financial services corporation, could potentially benefit from a recent legal case that has been brought against the company almost two years after a European Union court ruled the processing fees that company had charged for cross-border transactions were unfair. According to court documents filed in London,…

Last chance tourism affects local economies and environments

As world heritage sites and natural formations begin to experience the effects of climate change, a mad dash of tourism has begun as people embark on mass exodus to view these historic and natural sights before they die out. Among the endangered sites are The Rio Platano Biosphere Reserve in Honduras, The Everglades National Park…

Columns: The degrading state of our nation’s infrastructure

The American Society of Civil Engineers gave America a D+ rating in regards of the nation’s infrastructure, mentioning dilapidated roadways, insufficient waterways and a pressing need for modernization.   The group estimates $3.6 trillion would need to be invested into U.S. infrastructure by 2020 just to raise the country’s support systems to acceptable levels.  …

Apple new product launch unveils surprises

  Aiming to reignite excitement about iPhones after witnessing a decline in their sales, Apple executives took the stage at San Francisco’s Bill Graham Civic Auditorium on Sept. 7 to unveil the company’s latest generation of devices. The most highly anticipated launch of the day was the new iPhone 7, which will be priced starting…

U.S. exports oil to Europe after forty-year ban

  The ink is barely dry on legislation to lift a forty-year old ban on exporting U.S. crude oil and American energy companies are already  racing to ship it overseas.   U.S. oil sales to foreign buyers have been quick to start after President Obama signed a bill that abolished the crude export ban less…

Unemployment falls to 42-year low

        The 1970’s was a time of radical change for the United States.   In 1973, U.S. troops were withdrawn from Vietnam. The World Trade Center was finished, becoming the tallest building in New York City.   Secretariat won the Triple Crown and Nixon stood on trial for the Watergate Scandal.   The…

How GPS is changing technology, culture and minds

People use GPS (Global Positioning System) today to guide airplanes, ships and tractors. It keeps tabs on sex offenders and helps find oil deposits. It helps travelers going on road trips to know what exit to take on the highway, how long the traffic back-up is, or what other routes to take.   GPS devices…

Boler School ranks among Bloomberg’s top business schools in America

  In Bloomberg’s recent 2016 Business School Rankings, John Carroll University’s Boler School of Business has been named number 30 in top business schools and ranked number 1 in the nation in student preparedness for employment.   Bloomberg has been compiling lists of top business schools in order to guide the selection process of incoming…

Through the looking glass

    As individuals, we are deeply influenced by what mass media deems as acceptable and unacceptable, whether it be dietary trends, fashion do’s and don’ts or body image goals. According to the National Eating Disorder Association (NEDA), body image is defined as how you perceive yourself when you look in the mirror, how you…

McLovin’

    When determining which stocks to invest in, there are several commodities and companies that are safe bets. However, one company that most people overlook when choosing stock is McDonald’s. Some refuse to invest in the company because their views are not aligned with the company’s actions (This is not surprising once you find…

Yahoo reveals possible takeover by Verizon

Verizon Communications Inc. plans to make a first-round bid for Yahoo Inc.’s Web business, and is willing to acquire the company’s Yahoo Japan Corp. On the other hand, Google, the main division of Alphabet Inc., is also considering bidding for Yahoo’s core business.   Other potential suitors including AT&T Inc. and Comcast have decided against…

Tesla sets a precedent for the future of the automotive industry

  In the past several years and especially so far this year, Tesla Motors has been consistently setting the standard in the automotive industry as a company pushing for this tech savvy and energy efficient future.   Tesla recently revealed its design and features on the all new Tesla Model 3 Sedan, and made the…

Student borrowers owe $200 billion

Upon conducting a study over the course of the past six years, The Wall Street Journal reported that more than 40 percent of Americans who borrowed from the government’s main student-loan program are not making the required payments or are behind on more than $200 billion owed.  This recent calculation raises worries that millions of…

The $15 minimum wage will kill jobs

Two of the most debated issues of the past several months during the 2016 U.S. presidential primary race are the minimum wage laws and free trade policies. When narrowing potential presidential candidates, it is vital for Americans to look for what each potential candidate proposes regarding specific situations such as minimum wage and free trade.…