Jun 18
Not to the hotel. Scott Smith of Baker, Donelson, Bearman, Caldwell & Berkowithz, PC reports that in an April 11, 2013 decision a Texas Court of Appeals ruled that: Red Lion charged a hotel guest asset fee for overnight lodging, which was subject to state and local hotel occupancy taxes. In addition to the use …
Permanent link to this article: http://betweenthenumbers.net/2013/06/are-those-soap-and-shampoo-bottles-at-hotels-taxable/
Jun 17
Many states have laws requiring patients to file medical malpractice claims by a defined time period. If the patient misses the defined time period, he/she may see the claim quickly tossed. However, a recent Wyoming Supreme Court reversed a malpractice ruling citing that the District Court Judge wrongly ruled that plaintiff failed to timely file …
Permanent link to this article: http://betweenthenumbers.net/2013/06/statute-of-limitations-interpretation-on-filing-a-medical-malpractice-suit-may-vary-even-within-states/
Jun 15
The Federal Circuit affirmed a $391 million damage award in Versata Software, Inc. v. SAPAmerica, Inc., No. 2012-1029, -1049 (Fed. Cir. May 1, 2013). In reviewing the damage portion of the ruling, one cannot help but wonder about the damages calculation strategy that the defendant employed. The Federal Circuit summarized the parties and the infringement …
Permanent link to this article: http://betweenthenumbers.net/2013/06/federal-circuit-leaves-large-damage-award-stand/
Jun 14
A recent survey discussed here found that a surprising number of college graduates regret their decision to attend college. Not that it wasn’t lots of fun. Plenty of that. Not that lectures lacked stimulating learning. Ample stimulation. It was all good, just obscenely overpriced. The world has no shortage of buyer’s remorse. But typically the …
Permanent link to this article: http://betweenthenumbers.net/2013/06/time-to-start-teaching-basic-personal-finance-in-high-schools/
Jun 13
The ability to understand basic financial concepts such as interest (simple and compound), residential mortgages, and inflation is essential for achieving financial well-being. Without an appreciation of the power of compound interest, for example, people are likely to make poor financial decisions such as under-saving for retirement and amassing high-interest debt. FINRA Investor Education Foundation …
Permanent link to this article: http://betweenthenumbers.net/2013/06/financial-literacy-continues-to-be-an-obstacle/
Permanent link to this article: http://betweenthenumbers.net/2013/06/will-amazon-succeed-in-groceries/
Jun 11
The AICPA has issued a new Financial Reporting Framework (“FFR”) for Small and Medium Sized Entities (“SMEs). These smaller enterprises are often not required to prepare financial statements in accordance with Generally Accepted Accounting Principles (“GAAP”). Yet all financial statements are presented in accordance with some financial reporting framework, however defined. This new FFR provides …
Permanent link to this article: http://betweenthenumbers.net/2013/06/aicpa-issues-financial-reporting-framework-for-small-and-medium-sized-entities/
Jun 10
The largest US government contract is coming to an end, and not without a requisite pass through the US court system. To some, it might be surprising that the dispute is not one involving allegations of false claims under the Federal False Claims Act, but instead over the terms of the contract closeout. The $38 …
Permanent link to this article: http://betweenthenumbers.net/2013/06/war-exit-strategy-in-the-middle-east-vs-government-contracting-practices/
Jun 09
The U.S. has been enduring its fair share of criticisms, with government entities going broke and facing significant cuts, the education system declining, high unemployment rates, and the political system being the ridiculed. Recently, the Organization for Economic Cooperation and Development (OECD) released its 2013 “better life index”. The survey covers 34 countries and ranks …
Permanent link to this article: http://betweenthenumbers.net/2013/06/u-s-still-no-1-in-income-and-housing/
Jun 08
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The Federal Circuit in re: Douglas Dynamics, LLC v. Buyers Product Company (Fed. Cir. May 21, 2013) provides reminders of how reasonable royalty damages must be calculated, and then remanded the damages verdict for retrial. The Federal Circuit succinctly summarized the parties and their products as follows: “Douglas and Buyers both manufacture snowplow assemblies for …
Permanent link to this article: http://betweenthenumbers.net/2013/06/federal-circuit-reiterates-reasonable-royalty-principles/
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Jun 12
Will Amazon Succeed in Groceries?
Commentary, Technology
by Daniel Nolte
June 12, 2013
Reuters and others are reporting that Amazon will within days be launching the Amazon Fresh grocery delivery service in Southern California, to be followed closely by Northern California. The service will use Amazon’s two new warehouses and deliver using Amazon-branded vehicles. Amazon Fresh has been operating as an experiment for the last five years with …
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