Identifying Local Opportunites
Assignment 5A - Local Opportunities
1. Title of the Article: Equifax breach exposes 143 million
people to identity theft
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Link of Article: http://www.gainesville.com/news/20170907/equifax-breach-exposes-143-million-people-to-identity-theft
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Description: Equifax, a credit monitoring
company was recently hacked by an individual. The hacker exposed the social
numbers and other information such as birth dates, home addresses, and licenses
of over 143 million Americans. Equifax have taken measures to ensure that such
thing does not happen again.
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Problem: There are multiple problems that
were discussed in this article
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Clients are worried that their information being
tempered by outsiders
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Equifax failed to inform their clients right
away; thus, clients question their loyalty.
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Individuals are now wondering if social security
numbers should be a form of identification because of theft.
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Who has the problem?
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Clients especially those who had their social
security stole from them
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Equifax workers
2. Title of the
Article: Ritz Ybor says it’s unaffected by Bankruptcy filing of previous
operator
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Link of the Article: http://www.tampabay.com/news/business/future-of-ritz-ybor-uncertain-as-owner-files-chapter-7-bankruptcy/2336276
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Description: The Ritz Ybor LLC, a Tampa
Premier Special Event Venue, filed for bankruptcy August 22. The company stated
that it had only 90,000 dollars in the bank and more than 600,000 in debts.
John Santoro, new operator owner, took over the club last summer to bring the
company back on its feet. Santoro states that the filing of the bankruptcy will
not affect the Ritz and that concerts will resume.
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Problem: Music fans worry that the
planned concerts and events will be canceled due to bankruptcy but Santoro assures
them that it will have no effect.
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Who has the problem?
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Music Fans especially those who have already
paid for scheduled concerts and events
3. Title of the Article: Tampa
Bay area businesses brace for the wrath of Hurricane Irma
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Link to the Article: http://www.tampabay.com/news/business/tampa-bay-area-businesses-brace-for-the-wrath-of-hurricane-irma/2336779
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Description: Tampa Bay area businesses specifically
in the Clearwater beach area must prepare for Hurricane Irma. A lot of businesses
including restaurants, bars, and hotels have been closing due to evacuation
orders. These places have “locked their doors, some nailed plywood over the
windows, expecting no business…”. Only place currently opened in Clearwater
Beach was Captain’s Pizza by Adbelkader. He states that he would not close his
restaurants for the hard-working cops risking their lives to keep everyone
safe.
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Problem: The damage Hurricane Irma can have on the
property of these businesses can be detrimental.
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Who has the problem?
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Owners of these business in the Tampa Bay Area.
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Customers because of the lack of access to food.
4. Title of the Article: IPhone still iterating after a
decade of dominance.
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Description: Tom Hudson discusses the
hold that IPhone has had on its customers over the past decade. Every September,
Apple releases a new form iPhone; moreover, this month the company is expected
to release its eighth iteration. Despite the repetition, Apple is still able to
have a hold on its IPhone customers
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Problem: The question lies in whether or
not Apple can maintain its margins for shareholders with the new upcoming IPhone
release.
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Who has the problem?
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Shareholders who depend on Apple to make money
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Excited customers
5. Title of the Article: Wells Fargo is in hot water again,
and here’s why
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Link to the Article: http://www.miamiherald.com/news/business/real-estate-news/article171336752.html
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Description: Victor Muniz, a mortgage borrower, is filing a
suit against Wells Fargo for engaging in a “systemic effort to charge
unwarranted rate lock extensive fees”. Muniz was charge 287.50 dollars after he
was assured that he would not be for the delayed closing on his new home. Though
his fee was small, there are similar cases where Wells Fargo has unfairly charged
mortgage borrowers over 1000 dollars.
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Problem: Mortgage borrowers worry whether
or not they should trust Wells Fargo as mortgage lender.
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Who has the problem?
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Mortgage Borrowers who have been charged
extension fees.
I had no idea that the Ritz had filed for bankruptcy. I've been to so many concerts there. That's sadly a trend that's been going on with long term business' like that. Wells Fargo seems to have nothing but problems, along with Bank of America. So many people complain about things like this and unnecessary fees. A friend of mine had a similar issue when building their home and using Wells Fargo for their lender. I recently purchased a home for the first time and I can't imagine adding this headache onto the already long list of things to do when purchasing.
ReplyDeleteI myself am an Iphone user and I think they are highly overrated and too expensive. The new phones haven't really proved to be much better than the old ones. The shape is really all that's changed.
Good selection of articles. Equifax is a huge buzz right now at work, I unfortunately am on the list for person info breached.
Hi Jess,
ReplyDeleteI enjoyed reading your wide range of articles that you selected for this assignment. It is definitely interested how the Iphone has never faltered in its dominance. People can't wait to get the new Iphone even though it could cost over $1000 like the new Iphone X. I am curious to see how it will do and how it will affect previous Iphone models
Hello, it seems like personal information is getting in the wrong hands more and more these days. Equifax has such a large database of people’s personal information including my own. There needs to be more security measures in place to help counteract the criminals who hack into these databases. As long as we rely on credit reports for people to get loans or credit cards, the big 3 credit bureau need to step it up.
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