Capitol Hill has an idea to save money. This year’s National Defense Authorization Act—which designates the Pentagon’s budget and expenditure—suggests that the Army may want to assign a program executive office to gather open-source intelligence. The assumption verges on the audacious. Is Congress suggesting that publicly-available material may be better […]
Continue readingCategory: Due Diligence
Doing homework on prospective investments lacks everyday appeal. It often tedious, sometimes costly, and usually time consuming, perhaps leading to unsavory conclusions. As a process, due diligence runs the gamut from clarifying government regulations to spotlighting money-laundering concerns. Investors short-circuit this essential function to their detriment. Many failed deals are hastily buried out of embarrassment. Yet more thorough research could have prevented an outsized loss or exposed outright fraud.
For Starbucks, UK Market Loses Appeal
The UK was once Starbucks’ beachhead in Europe. But its European invasion may be crumbling as weak economic prospects call into question a consumer-discretionary business surrounded by thug-like competition. Rumors are circulating that it is prepared to offload its UK business, even after it slogged through the pandemic. Starbucks has […]
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Hollywood Pauses Russia
The international outcry over Putin’s invasion of Ukraine has been so great that the major Hollywood studios had little choice but to abandon the Russian market, at least temporarily. The race to the exit was started by Disney, with Warner Brothers, Sony, and Paramount following suit. Other media-related departures include […]
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