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Intro to Business News

Intro to Business News is South-Western's service to provide summaries of the latest Business news stories. Review the brief summaries and, for stories of interest, select the full summary.
FINANCIAL MANAGEMENT
Title  Brief Summary 
Talk Radio Network Runs Out of Air
Full Summary
Talk radio is one of broadcasting's biggest success stories of recent decades. It seems that nearly everyone is getting a show on the airwaves. However, as the recent bankruptcy of talk network Air America demonstrates, producing a talk format that connects with large audiences day after day is not as easy as it may seem.
(Updated November 2006)
College Students and the Perils of Plastic
Full Summary
The U.S. is rapidly becoming a credit-card nation. More and more people are abandoning cash, and banks work overtime to ensure that every man, woman and child has access to plastic money. But with 1 in 4 college freshmen arriving to campus with credit card debt, some analysts wonder if card issuers are setting up students for financial failure.
(Updated January 2006)
Bernanke Appointed New Head of the Fed
Full Summary
At a recent White House press gathering, President Bush tapped Ben Bernanke to be Alan Greenspan's successor as chairman of the U.S. Federal Reserve System. With his accomplished career as chief economic advisor to the President and prior experience as head of the economics department at Princeton University, the 51-year-old Bernanke has what it takes to run the world's most powerful central bank.
(Updated November 2005)
New Law Sparks Rush to Bankruptcy
Full Summary
Thousands of Americans rushed to file for bankruptcy last October ahead of a new law that places heightened restrictions on bankruptcy petitioners. Dubbed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the code targets widespread credit-card abuses and gives creditors a stronger hand in recovering unpaid consumer debt.
(Updated November 2005)
Jacko's Jacked Up Finances
Full Summary
Acquitted on ten felony counts in one of the most sensational courtroom dramas in a decade, embattled superstar Michael Jackson now faces another formidable trial: how to repair his failing finances. According to personal finance experts, the King of Pop must end his habit of spending like a billionaire if he hopes to fix his balance sheet and save Neverland.
(Updated August 2005)
Executive Leadership: Finance Functions
Full Summary
What does it take to become a world-class finance department? How many world-class finance departments are there? This article reviews a survey, which highlights the gap between executives' expectations of their organizations' finance capabilities and their view of the actual performance of their finance departments.
(Updated August 2004)
Just One Word: Plastic: How the rise of the credit card changed life for the FORTUNE 500 - and for the rest of us
Full Summary
This article provides a short history on the emergence of credit cards and illustrates how they have changed consumers' lives and the operations of Fortune 500 companies.
(Updated March 2004)
Financial systems: beyond the spreadsheet lie a host of technologies that do more than simply crunch the numbers
Full Summary
This article describes five technologies that are likely to shape the way the financial department within companies are working: Business intelligence, data visualization, risk management, electronic payments, and XBRL (eXtensible Business Reporting Language).
(Updated February 2004)
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