Lyft vs. Uber

Posted by & filed under Contemporary Business Issues.

Description: In the battle of the two giants, ride service Lyft raised $600 million to help it continue the market share struggle against the bigger Uber. Both of these taxi-supplanters are continuing to grow. Uber, however, is facing a few incidents of bad publicity, including the release of a video showing an executive in an… Read more »

Buffet weighs in on share buybacks

Posted by & filed under Contemporary Business Issues.

Description: Critics may say that share buybacks take away from resources for future growth. But in his latest letter to shareholders of Berkshire Hatheway, Warren Buffet argues that buybacks can be a good move, as long as the price is right. One purpose of the buyback can be for management to signal concerns that the… Read more »

Punishing savers?

Posted by & filed under Contemporary Business Issues.

Description: It just doesn’t seem to make sense. Savers say they are  being punished when it comes to getting that first mortgage. In the strange world of finance, it appears that home buyers who put down less than 20% of the house value are getting better interest rates than those who have been socking away… Read more »

Loving that office space

Posted by & filed under Accounting Careers, Contemporary Business Issues, Cost Accounting.

Description: Chandeliers in the washroom. A trendy coffee bar down the hall. These are some of the pleasant features in Nicola Morgan’s co-working space where desk rentals begin at $125 per month. It’s a growing and attractive option for professionals and others. Date: November 24, 2016 Source: theglobeandmail.com Link: http://www.theglobeandmail.com/life/home-and-garden/design/co-working-spaces-cater-to-the-specific-needs-of-self-employedworkers/article33006049/ Discussion Points: 1) This article… Read more »

How about those co-op placements?

Posted by & filed under Accounting Careers, Contemporary Business Issues.

Description: How about those co-op placements? Universities and community colleges have been offering them in various forms as the discussion of experiential learning enters the common vocabulary. Everything isn’t always rosy with co-op placements though. Unpaid service and uncertain legal status may be some of the downsides on these attempts to provide students with practical… Read more »

Payday loans and poverty

Posted by & filed under Contemporary Business Issues, Student life.

Description: They are regulated in most Canadian provinces. But payday loans still have astronomically high rates ranging from 456 percent to 639 percent. Don’t be fooled by the simple phrase of $15 for a $100 loan. When you figure out the math on an annual basis, you can see why Professor Jerry Buckland is calling… Read more »

MEC changes gears

Posted by & filed under Contemporary Business Issues, Corporate Governance, Corporate Social Responsibility.

Description: Mountain Equipment Co-op, better known perhaps by its signature letters MEC, is a much admired Canadian co-operative. Members can still join for simply putting down $5 for a share. But recently some members have been concerned that MEC seems to be shifting its governance profile to be more corporate like, meaning that some members… Read more »

VW in trouble

Posted by & filed under Auditing, Contemporary Business Issues.

Description:  Much of the business news this week was dominated by the discovery of Volkswagen’s attempt to rig the test of emission standards. The story continued to spread throughout the week. VW’s stock price dropped. The VW president resigned. Some have even discussed the impact on Germany as a national brand repesenting engineering excellence. Source:… Read more »

Lazaridis donates big to WLU

Posted by & filed under Contemporary Business Issues, Personal Tax, Student life.

Description: Wilfred Laurier University of Waterloo, Ontario has named its business school after Blackberry co-founder Mike Lazaridis.  Mr. Lazaridis has had a long association with the University of Waterloo, but he has made a pledge of $20 million to Laurier for funding an institute offering technology management skills. The government of Ontario has joined in… Read more »