Posted: November 16th, 2017
By: Jamie Burchette *| Staff Writer
![By User:Verdy p, User:-xfi-, User:Paddu, User:Nightstallion, User:Funakoshi, User:Jeltz, User:Dbenbenn, User:Zscout370 [Public domain], via Wikimedia Commons](http://ipjournal.law.wfu.edu/files/2017/11/1024px-Flag_of_Europe.png)
By User:Verdy p, User:-xfi-, User:Paddu, User:Nightstallion, User:Funakoshi, User:Jeltz, User:Dbenbenn, User:Zscout370 [Public domain], via Wikimedia Commons
Amazon is an innovative and successful company which boasted a pretax income of
$3.89 billion in 2016. Yet, the government always takes its cut. The United States has a corporate income tax rate of approximately
38.91% and the average corporate tax rate in Europe is
18.35%. In 2016, Amazon paid
$1.43 billion in corporate income taxes. When trying to find a way to cut expenses and increase profits, taxes make for a tempting opportunity. There are legal ways to mitigate the cost of taxes, but Amazon went too far and is now facing the
consequences. Countless
celebrities and even
mobsters have suffered under the might of taxes. Now, it is Amazon’s turn.
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Posted: November 11th, 2017
By: Greg Volk *| Staff Writer
![By U.S. Army Corps of Engineers, photographer not specified or unknown [Public domain], via Wikimedia Commons](http://ipjournal.law.wfu.edu/files/2017/11/Kivalina_Alaska_aerial_view-1024x768.jpg)
By U.S. Army Corps of Engineers, photographer not specified or unknown [Public domain], via Wikimedia Commons
These days United States governmental policy on carbon emissions is – like the climate itself according to
broad scientific consensus – in a
state of significant change. After the Obama administration struggled to implement
rules aimed at reducing carbon emissions, a chief
cause of human-induced climate change, the Trump administration is trying equally as hard
to undo them. Perhaps that is why some
state and
local governments are taking matters into their own hands.
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Posted: November 1st, 2017
By: Gabriela Mejias *| Staff Writer

By The U.S. Food and Drug Administration (Inspecting a Drug Manufacturer (FDA034)) [Public domain], via Wikimedia Commons
The FDA
recently approved a new version of a previously withdrawn drug for the treatment of acute myeloid leukemia. Mylotarg, produced by Pfizer, Inc., was
voluntarily withdrawn from the market in 2010 after studies showed the drug failed to provide clinical benefits and carried certain safety concerns, such as
a high number of deaths.
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Posted: October 28th, 2017
By: Emily Marcum *| Staff Writer

What do a consulting firm, a regulatory agency, and a consumer credit reporting bureau have in common? They are all members of the financial industry who recently fell victim to hacking. In the past month, hackers have successfully stolen sensitive information from the SEC, Equifax, and Deloitte. Although these three hacks varied in scope and severity, together they illuminate the “Achilles’ heel” of the financial industry, cybersecurity! Targeting the financial industry is an obvious choice. When asked why he robbed banks, the infamous American bank robber, Willie Sutton, said it best, “Because that’s where the money is.”
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Posted: October 20th, 2017
By: Gabriela Mejias *| Staff Writer

By AgnosticPreachersKid, CC-BY-SA-4.0, https://commons.wikimedia.org/wiki/File:U.S._Supreme_Court_Building.JPG
The U.S. Supreme Court opened its new term by hearing arguments in a major employment dispute case that has the potential to affect millions of employment contracts. Justices heard oral arguments from three consolidated cases, involving Ernst & Young LLP, a professional services firm, Murphy Oil USA, Inc., a gas station operator, and Epic Systems Corp., a healthcare software company. The issue at the center of the cases is this: Can employment agreements prohibit workers from joining together to bring class action suits in overtime pay and other labor disputes, and instead force employees into private arbitration? Employers, as well as the Trump administration, claim they can, while the National Labor Relations Board (NLRB) and employees argue that such contracts threaten workers’ right to organize.
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Posted: October 16th, 2017
By: Emily Marcum *| Staff Writer

Cybersecurity is not the next frontier for most businesses; in fact, it’s more or less the only game in town. Over the last decade, the phrase “cybersecurity” has echoed in boardrooms, courtrooms, and living rooms like never before. What was once intellectual chatter, has become a “fact of life for corporations and governments.” According to U.S. President, Donald Trump, “Cyber theft is the fastest growing crime in the United States by far.” So, it is no surprise that consumers were recently greeted with yet another disappointing headline concerning Equifax’s massive data breach.
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Posted: October 12th, 2017
By: Greg Volk *| Staff Writer
![By Photo by Medicaster. (en:Image:Cocoa Pods.JPG) [Public domain], via Wikimedia Commons](http://ipjournal.law.wfu.edu/files/2017/10/Cocoa_Pods-682x1024.jpg)
Photo by Medicaster. (en:Image:Cocoa Pods.JPG) [Public domain], via Wikimedia Commons
“Fair trade” may once have seemed like only a wonkish policy buzzword, but today it is a
possible predictor of political affiliation, a “
Portlandia” punchline, and, perhaps most significantly,
big business. Amazon recently
paid $13.7 billion for Whole Foods, whose entire store has been called “
effectively fair trade.” Consumers have been increasingly willing to pay higher prices for sustainably-sourced products, but there are signs that growth among
cost-conscious consumers may be slowing and
companies are reacting. After years of explosive growth, sales of Fairtrade-certified products
fell for the first time in 2014. Fair trade certifications cost money. That is exactly
the point.
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Posted: October 4th, 2017
By: Emily Marcum *| Staff Writer

Since 2015, when Volkswagen admitted to installing defeat devices to cheat emissions testing, German automakers have faced increased scrutiny and investigation. Now, BMW AG, Daimler AG/Mercedes-Benz, Volkswagen, Audi, and Porsche are facing class action suits alleging that these five companies have been engaged in a twenty-year cartel in violation of Section 1 of the Sherman Antitrust Act. A cartel is a group of similar independent companies who conspire together with the goal of restricting competition. This group of automakers has been named “Fünfer Kreise,” or the “Circle of Five.”
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Posted: September 30th, 2017
By: Tyler Cunningham *| Guest Writer

By Postdlf from w, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=667586
On December 18, 2014, the FSOC labeled MetLife as a systematically important financial institution. MetLife, not satisfied with its new “SIFI” label, decided to file a complaint and appeal the FSOC’s decision. On March 30, 2016, Judge Rosemary M. Collyer of the Federal District Court for the District of Columbia, overturned MetLife’s designation as a systematically important financial institution, referencing an inadequate assessment and unsubstantiated assumptions by the FSOC. Shortly thereafter, the U.S. government brought an appeal of its own, as former U.S. Treasury Secretary and chairperson of the FSOC, Jack Lew, said he strongly disagreed with Judge Collyer’s decision.
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Posted: September 25th, 2017
By: Lasley Cash *| Guest Writer

On Friday, July 21, 2017, the U.S. Department of Transportation (DOT) reported fines against three U.S. airlines – American, Delta and Frontier – for violating the Department’s airline rules aimed at protecting consumers. The violations, which were related to refunds, disability assistance, and other issues, totaled $850,000 in fines. Frontier Airlines, a low-cost Denver-based carrier, bore the largest fine of $400,000; the result of oversales and disability rule violations. American Airlines, based in Fort Worth, Texas, was hit with the next largest fine of $250,000 for failure to make timely refunds to passengers. Delta Air Lines, headquartered in Atlanta, faced the smallest fine of $200,000; the result of filing inaccurate baggage reports to the Department.
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