Self-Checkout Problems Make Retailers Reconsider Kiosks

Self-Checkout Problems Make Retailers Reconsider Kiosks

Are self-checkout problems worth the rewards? What negative impacts do they have on customers and employees? How do they harm businesses’ bottom line? Following an expansion of self-checkout machines in stores during the Covid-19 pandemic, some retailers are reconsidering the kiosks. Many companies complain that they’re not getting the bigger profits the machines initially promised—but they are getting bigger problems. We’ll take a look at the downfalls of self-checkout kiosks below.

What Did Jordan Belfort Do to End Up in Prison?

A pair of handcuffed hands sitting outside prison bars.

What did Jordan Belfort do to become a financial criminal? What type of financial crimes did he commit? Though Belfort did many things that were against the law, it was his financial crimes that both enriched him and eventually sent him to prison. So many of Belfort’s business dealings were against federal and state regulations because he invented schemes to hide his transactions from regulatory institutions. Let’s look at the principles upon which Belfort’s firm, Stratton Oakmont, was founded and the crimes he committed under its name.

Stratton Oakmont Scandal: Stock Manipulation by Proxies

Stratton Oakmont Scandal: Stock Manipulation by Proxies

What was the Stratton Oakmont scandal? How did employees at Stratton Oakmont participate in stock manipulation? While there are many ways for investment firms to make money, the practice of choice for Stratton Oakmont was stock price manipulation. Jordan Belfort’s traders artificially inflated the stock price of a company during its Initial Public Offering (IPO) while holding on to more shares of that company than was allowed by SEC rules. Continue reading to learn more about Stratton Oakmont’s scandalous method of making money.

The Wolf of Wall Street Quotes: Getting Rich Through Crime

A young man reading a book with a view of a city.

What are the best The Wolf of Wall Street quotes? How did Jordan Belfort lead Stratton Oakmont to its success, and then its downfall? In The Wolf of Wall Street, Jordan Belfort explains how he enriched himself through illegal stock manipulation and how he hid his ill-gotten riches by laundering his money. He also details how he fostered a culture of hedonistic excess at his firm. Below is a collection of The Wolf of Wall Street quotes that summarize Belfort’s story.

Jordan Belfort: Money Laundering for Stratton Oakmont

A washing machine full of dollar bills as part of a money laundering scheme.

How does Stratton Oakmont rank as one of the most famous money laundering cases? How did Jordan Belfort launder money? Jordan Belfort’s money laundering scheme at Stratton Oakmont is infamous. To pull it off, Belfort used a Swiss bank account, took advantage of family members, created a fictitious corporation, and more. Here’s how Belfort used Stratton Oakmont to launder money.

Donald Trump’s Bankruptcy & How The Apprentice Saved Him

Donald Trump’s Bankruptcy & How The Apprentice Saved Him

What are the details of Donald Trump’s bankruptcy filings? How did he reestablish a positive public image after his financial decline? Donald Trump’s bankruptcy filings for his casinos followed a period of financial decline, overspending, and overpaying. To understand how Trump survived this and came back from it, you need to look at the events in more detail. Continue reading for details on Trump’s bankruptcy and how The Apprentice helped him revive his public image.

The Wolf of Wall Street by Jordan Belfort: Book Overview

An open book on a messy table.

What’s The Wolf of Wall Street by Jordan Belfort about? How did Belfort’s lifestyle cause him to lose his power? In The Wolf of Wall Street, Jordan Belfort explains how he grew his wealth through stock manipulation and money laundering and attempted to evade prosecution through his crimes. He also delves into his lifestyle of drug abuse and self-indulgence that almost killed him. Read below for a brief overview of The Wolf of Wall Street.

Mental Accounting in Behavioral Economics: 3 Examples

An example of mental accounting in behavioral economics as a man looks at charts in a conference room.

Why do people perform mental accounting when it comes to their finances? What are some examples of mental accounting? One of Richard H. Thaler’s arguments against constrained optimization is that people perform mental accounting. Behavioral economics describes this as a cognitive bias that causes people to place different values on money. We’ll focus on three key examples of mental accounting. Let’s take a look at three common examples of mental accounting.

Fairness in Economics: 2 Examples That Prove It Doesn’t Work

A person abiding by fairness in economics as they write on a paper with coins.

Should fairness be accounted for in economics? How does fairness conflict with budget optimization? Economist Richard H. Thaler argues that consumers are concerned with fairness and cooperation, even when these concerns get in the way of their budget. This is shown by two experiments: the ultimatum game and the prisoner’s dilemma. Discover why fairness in economics doesn’t always have a happy ending.