Ethics Stories & News

Themis with scale

What if…We Examine Individuals’ Rights and Responsibilities?

Fall semester, 2021.  First day of teaching.  Three classes.  Eighty-eight students.  Seven masks.  And one of them is mine.  I am officially an “old guy,” more susceptible to the COVID virus than my decades-younger students.  I have been vaccinated.  I wear a mask when around other people.  I have a one-year-old grandson who I am desperate to see as often as I can, even though he lives in North Carolina.

George Graham Rice

SCAMMER OF A CENTURY AGO PIONEERED TACTICS USED TODAY

George Graham Rice? Never heard of him. Who is he? A century ago, though, he was a famous flamboyant scammer, a pied-piper of stock manipulation. While incarcerated for the third or fourth time, he wrote a series of periodical articles that eventually coalesced into a book. As with other scammers, Rice was brazen, even boastful about his felonious escapades. He wryly entitled his book My Adventures with Your Money.
Closed Sign

Good-bye, mom and pop restaurants and shops

Most of my readers are familiar with small towns in Iowa that have longstanding family-owned businesses, such as family eateries. Grandparents, parents, and children may own and work in these restaurants. They often have loyal employees that are “part of the family.” These owners may be unable to afford to pay their workers much more than $10 per hour, to say nothing of the proposed $15 per hour minimum wage.
Dictionary Billionaire

All hail the billionaire

After months of dreary experimentation in her basement, Dr. von Frankenstein, PhD, has concocted an effective antidote and vaccine for a deadly virus sweeping the United States. She files and receives a patent for her discovery.
Piggy Bank

New ways to milk customers

There’s a new way marketers are getting young people to fork over their money. The new tactic revolves around consumers making four payments of one-quarter the retail price of an item (Amanda Mull, “Jeans Now, Pay Later,” Atlantic, January/February 2021, 18-20). This is just the old come-on--“Buy now, pay later”—in a new guise.
news media at press conference

News bias? You choose the news you wish to consume

During election season, people love to accuse the media of bias. Liberals and conservatives assail local and national newspapers, as well as various television newscasts, of tilting in one political direction or another. Since it is unlikely that a news source can be biased in both directions, many people’s perceptions must be erroneous.
UNI business students at career fair

The complete guide to choosing a college major

College is an exciting time in your life, but don’t spend all four years merely enjoying it – you should take advantage of this time to determine exactly what you want to do with your life. This article will help you decide how to choose your college major that fits your long-term goals.
US Treasury Department Alexander Hamilton Statue Washington DC

Is it ethical to demand that a small minority bear almost forty percent of the income tax burden?

You may have read that President Trump paid no federal income taxes for a few years. The press and rival politicians reacted with horror. Assuming President Trump accurately reported his income, losses, and other information, then there is absolutely nothing immoral or unethical about this result. 
digital face

Scammers have not fallen victim to COVID-19

The COVID-19 epidemic has revealed that scammers are still alive and well. They nimbly offered nostrums to prevent or cure the virus to naïve buyers within a few weeks of the epidemic’s explosion. In doing so, the medical quacksters have lived up to their predecessors: let no health scare or new technology go to waste.
tax refund check with U.S. dollars

Moral hazard in the labor market

In the wake of the disruption in America’s economy, legislators on both sides of the aisle quickly rushed through palliatives for American businesses and workers. In doing so, they may have created situations rife with what economists call “moral hazard,” situations where the affected parties have disincentives to mitigate losses.