Insight News

Thursday
Aug 21st

Business

Buyer beware as shoddy knock-offs infiltrate the internet

Buyer beware as shoddy knock-offs infiltrate the internet

 

The market for counterfeit luxury items is wide and deep, covering everything from jewelry and perfume to handbags and sunglasses. Bargain-hunters should check out the Better Business Bureau of Minnesota and North Dakota’s (BBB) advice on avoiding web-based rip-off schemes before looking online for name-brand items at discount prices.

According to a report by the Department of Homeland Security, the total domestic value of merchandise seized during fiscal 2011 was $78.3 million; an amount that would have had a value of $1.11 billion had it been legitimate.

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Commerce Commissioner orders $2.5 million in refunds to consumers, $250,000 civil penalty

Minnesota Department of Commerce alleges travel insurance was sold improperly on Travelocity.com

The Minnesota Department of Commerce announced today that 81,970 Minnesota consumers who purchased travel insurance on Travelocity.com between June 1, 2009 and January 24, 2012 will receive nearly $2.5 million in refunds.

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What’s wrong with everything?


What’s wrong with everything?


 

Recent articles linked to through LinkedIn, the professional networking website:  “What’s Wrong with Interviews?” “Why Your Resume Isn’t Working” “Forget About Raises and Benefits” and “More Companies Ban Sitting During Meetings.”  I ask you, What’s wrong with sitting?  I like sitting.  I have a cushy chair and a solid oak conference table.  Sitting lets me look you eye-to-eye and take notes comfortably.  How does one take notes comfortably standing up?
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Commissioner Rothman enlists CPAs to stop financial abuse of seniors this tax season

Commerce Commissioner Mike Rothman issued a letter to more than 9,000 licensed CPAs in Minnesota today, enlisting tax professionals in the fight against elder fraud and financial abuse. Under Commissioner Rothman’s leadership, the Minnesota Department of Commerce has stepped up its efforts to protect elderly and vulnerable consumers from fraud and financial scams. Providing Minnesota CPAs the tools and resources to spot fraud in their older clients is one important part of that effort.

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BBB advice on refund anticipation loans

BBB advice on refund anticipation loans

 

Some tax preparers offer Refund Anticipation Loans (R.A.L.’s) to allow people to receive their tax refunds immediately. However, the Better Business Bureau of Minnesota and North Dakota (BBB) is reminding people that R.A.L.’s are not an actual refund from the IRS, but rather a short-term loan from the company. According to the Consumer Federation of America, the interest rate and administration fees on R.A.L.’s can translate to an annual percentage rate of 149 percent for a 10-day term.

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Super Bowl, Super Dollars

 

Being that I’m not a football fan, it stands to reason that the Super Bowl isn’t normally high on my priority list. But I felt I had a vested interest in tracking the results of Super Bowl XLVI this year for a few reasons.  First of all, I’m from Fort Wayne, Indiana (don’t hate) and since the big game was being held in Indianapolis this year I wanted to be sure my state delivered a quality product of which I could be proud. Secondly, I was interested in seeing if this year’s Super Bowl XLVI could deliver more viewers than last’s record setting game (including African-American viewers). And lastly, I love creativity and wanted to see how much was apparent in the commercials that usually debut during the game. So of course I did not actually watch the game. But hey, I work for a research company, so I know exactly what happened!

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Nominations for International Trade Awards

Each year, Minnesota's governor honors a select group of Minnesota companies that have shown exceptional progress and success in international trade by conferring the Governor's International Trade Award. In addition to honoring individual recipients, the award recognizes the tremendous positive effect that exports and trade have on the state's economy.

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