Business

Anything from starting a business to working in a corporate environment.

How can I see if my identity has been stolen?

Mike from Hawthorne, CA

Episode 1199

Mike needs to buy a new hard drive. Leo says they've gotten really large and really cheap. He could get a 5 TB hard drive for under $150. And SSDs have dropped below $1 a GB.

Back in 2013, Mike noticed he's had several negative dings on his credit. Leo says to check out his credit report to see if there's fraud or other inaccuracies it. If so, he can challenge them. But if he's a victim of identity theft, it's a hard thing to convince not only the credit agencies, but also the credit card companies and the IRS that he's had his identity stolen.

Why don't I get a PIN with my new chipped credit card?

Larry from Santa Barbara, CA

Episode 1199

Larry has gotten a new credit card and it has a chip on it. Leo says that America has finally gone to the chip and PIN system, and we are now in the process of transitioning to it. The problem though, is that he didn't get a PIN with it, and he wants one. Leo says it's a steady transition. First chip and sign. Then we'll get PINs within a few years. But it's odd that American Express, which has a worldwide presence, wouldn't go with a PIN for it.

Apple Sells Record Number of iPhones

Episode 1158

Apple iPhone 6

Apple sold over 75 million iPhones in the last three months, for combined sales of over $18 Billion in profit, a 40% profit margin, the largest in history. Apple also has over $142 Billion in cash. Most of that has been transferred to accounts overseas in order to avoid taxes. So while they have that much money, it's not exactly liquid in the US.

Apple just posted the best quarter in corporate history (CNN)…
http://money.cnn.com/2015/01/27/technology/apple-iphone-earnings/

Class Action Lawsuit Continues Against Apple

Episode 1142

Gavel

A class action lawsuit against Apple is ongoing over the iPod and an old sync feature. The suit is all about the fact that Apple iTunes would erase an iPod if it wasn't recognized by the computer. The lawsuit represents 8 million users for about $350 million, of which half will go to lawyers, of course. That leaves everyone else with a settlement of about $0.50 a piece.