The Greyhound Bus Company began on this day in 1914 in Minnesota. At the time, it was named the Motor Transit Company. In the 1930s, Greyhound built hundreds of bus terminals. Fast forward to today: Greyhound is ditching terminals to reduce costs.
Photo by Kyle Howath on Unsplash.
On the Lighter Side
If your thoughts are turning to the beach, there are great places for coffee and good sandwich spots to try this summer at the New Jersey shore.
There are also many great sandwiches to enjoy in Philadelphia.
When your business loses sales and profits due to external events, what can you do?
Business are often faced with interruptions that can cause lost sales and profits. For example, the Voorhees Town Center, a South Jersey mall, was damaged by fire several weeks ago and remains closed. Tenants are losing money and seeking other space. Meanwhile, less than two months after the collapse of the Key Bridge in Baltimore, a barge collided with Galveston Bridge, the only connection to Pelican Island, TX. Restrictions to access will interfere with businesses preparing for the first holiday weekend of the summer.
If your business is facing a loss from a business interruption event or is being sued as the alleged cause of a loss, Asterion can assist you.
White Collar Crime Can Happen in Any Sector of the Economy
The former CEO of Fat Burger brands has been indicted for an alleged $47 million fraud. The former chief of the Chester Public Housing Authority was sentenced for embezzling more than $500,000 from the agency. Even law firms and their partners are not exempt from Ponzi scheme and embezzlement charges.
If you need help in analyzing the financial implications of fraud or white collar criminal activity, consider contacting the experts at Asterion.
FYI
In Warner Chappell Music v. Nealy, the U.S. Supreme Court issued a 6-3 copyright infringement decision which states that “there is no time limit on monetary recovery.”
Trends We’re Watching
Pennsylvania’s elders lost more than $100 million in various frauds and scams in 2023.
Restaurant reservation fraud is so widespread, it may become a crime.
What’s Puzzling Us
Why wasn’t this new Oreo ready to launch on May 4th?
Are we making our pets high maintenance?
What Doesn’t Surprise Us At All
A Philadelphia Union soccer match was delayed after a raccoon ran onto the pitch.
A homeowner who was directed to install a fence to hide his boat had an image of the boat painted on the fence.
Thread Recommendations
Beach goers on both coasts are being asked to make way for plovers.
The Comedy Pet Photo finalists for 2024 are here, along with the 2024 winners of the GDT Nature Photography contest.
Audio Files
Marvin Gay’s album, What’s Going On, was released on this day in 1971. Many critics consider it the best album of all time.
Spotlight on Business Interruption & Lost Income ServicesAsterion, Inc. has extensive experience in the quantification of economic damages incurred from business interruption and various lost income events.
| Asterion Out & About |
| Asterion was well-represented at this year’s New Jersey State Bar Association Annual Meeting and Convention, held last week at the Borgata in Atlantic City, New Jersey. Mark Bradford, Alexandra Mastroianni, and Stephanie Hyland, (pictured l to r), along with Tammy Hersh and Peter Salzarulo, Jr., attended the three-day event. Congratulations to Yvette Donaldson Brown, Esquire, of Eckert Seamens, winner of Asterion’s scavenger hunt Raffle prize. |