October 2013 archive

More Tricks Than Treats This Halloween

Happy Halloween to all my spooked blog readers interested in the current state of the “Halloween economy”. Last year’s discussion can be found here. This year the ghost of Halloween past has managed to spook some shoppers away. The scary tale of the US economy, among many other culprits, may be what is causing Halloween …

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IRS fumbles around $125 Billion in the last decade for incorrect EITC

The Earned Income Tax Credit (EITC) is a refundable tax credit that allows those completing a tax form to get a refund in excess of any tax that might have been paid. The Internal Revenue Service (IRS) is responsible for administering the EITC. Congress originally approved the EITC legislation in 1975. In an August 28 …

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Permanent link to this article: https://betweenthenumbers.net/2013/10/irs-fumbles-around-125-billion-in-the-last-decade-for-incorrect-eitc/

Federal Judge Certifies Class in Silicon Valley’s Antitrust Suit

Last week on Thursday, US District Judge Lucy Koh approved a class of employees in a class action lawsuit brought against some of Silicon Valley’s most recognized companies concerning their hiring practices. The lawsuit involving Apple, Intel, Google, Adobe, Pixar, Lucasfilm, and Intuit, alleges that the companies engaged in an “overarching conspiracy” and formed secret …

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Permanent link to this article: https://betweenthenumbers.net/2013/10/federal-judge-certifies-class-in-silicon-valleys-antitrust-suit/

Social Networking Trends Shifting Amongst Teens

Social networking is around us everywhere.  Facebook, Twitter, Instagram, Google Plus, and LinkedIn are just some of the many social networking sites that are frequented by many of us daily.  Social networking is no doubt a place where people get their information from these days and where advertisers are targeting. A recent study conducted by …

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Permanent link to this article: https://betweenthenumbers.net/2013/10/social-networking-trends-shifting-amongst-teens/

IRS Tax Filing Delay is for Them, Not You

The government shutdown has led to the IRS’ recent announcement that it will delay the start of the 2014 tax filing season at least a week and likely more.  The tax season was scheduled to begin on January 21, 2014.  This delay provides the IRS with needed time to program and test tax-processing systems, efforts …

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Permanent link to this article: https://betweenthenumbers.net/2013/10/irs-tax-filing-delay-is-for-them-not-you/

Buyer Optimism Continues in the Real Estate Market

Real estate is known to go in cycles.  The last downturn, which started at the end of 2007/beginning of 2008, is painfully engraved in most of our memories.  There is hope though.  According to the California Association of Realtors, buyer optimism has dramatically increased in the past 5 years.  The following table summarizes the California …

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Permanent link to this article: https://betweenthenumbers.net/2013/10/buyer-optimism-continues-in-the-real-estate-market/

Bottega Veneta successfully trademarks it’s signature design element

The Trademark Trial and Appeal Board (“TTAB”) has ruled in re: Bottega Veneta International S.a.r.l., no. 77219184 (TTAB Oct. 4, 2013) that protection is appropriate for Bottega Veneta’s signature “weave design, described as a: “configuration of slim, uniformly-sized strips of leather, ranging from 8 to 12 millimeters in width, interlaced to form a repeating plain or …

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Embezzler’s 401k is off limits to victim employer

Recently, in the matter of Richard Todd Thomas v. James S. Bostwick, the Northern District of California rejected a motion to dismiss, allowing a convicted embezzler to pursue retirement funds retained by his former employer (the victim of his crimes). Thomas was an employee of James S. Bostwick, a Professional Corporation (“Bostwick, Inc.”) from 1996 …

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Fake Prince Rationalizes Embezzlement, Asks for Leniency

A recent article about a convicted Kiwi fraudster demonstrates the fraud triangle (described here) at work.  Hohepa Morehu-Barlow claims his 14 year jail sentence is too harsh given that, while he defrauded the Australian state of Queensland out of more than A$16 million, the judge failed to consider the impact of the theft on the victim, …

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Permanent link to this article: https://betweenthenumbers.net/2013/10/fake-prince-rationalizes-embezzlement-asks-for-leniency/

The Popularity Spike of Nobel Prize Winners in the “Dismal Science” has Dismal Staying Power

The announcement of the Nobel Prize winners every October means that at least once a year a handful of economists become relatively popular. We can observe this spike in popularity using web search data reported by Google Trends. The chart below traces each Nobel laureate’s popularity before, during, and after the Prize was announced using …

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Permanent link to this article: https://betweenthenumbers.net/2013/10/popularity-of-nobel-prizewinners-in-the-dismal-science-has-dismal-staying-power/