| On this day in 1987, a three-day, $1.6 million hunt for the Loch Ness Monster ended after turning up only three sonar blips showing objects in the middle of the loch. Photo by Ramon Vloom on Unsplash. On the Lighter Side Fighting over desserts: Pennsylvania serves a few of the best regional desserts in the United States, but Kentucky has a pie that has sparked litigation. Oreo is at it again, this time with Snickerdoodle Oreos. The 2022 list of the best delis in every state includes some familiar names and some surprises that may be worthy of a road trip. This year’s record-setting U.S. pumpkin was grown in Minnesota. The Pace of Litigation is Not Slowing The number of litigation matters is increasing in many sectors. The PGA has filed a countersuit against LIV, alleging tortious interference. A Swiss court has determined that Lindt’s chocolate bunnies deserve protection from copycats, and ordered Lidl’s products to be destroyed. Meanwhile, Monster energy drink won a large verdict against competitor Bang. If you are involved in a litigation matter, let the experts at Asterion assist you with the financial aspects of the case. FYI A regulation has been finalized to allow the creation of a Treasury Department database of corporate owners. Report shows fraud via Zelle is on the rise, and refunds aren’t easy to obtain. The current state of remote work in Philadelphia has been analyzed in a recent report from the Economy League of Greater Philadelphia. Trends We’re Watching Inflation aside, the damage from Ian may be far more costly than the damage caused by Charley. Insurance companies may not be able to carry the weight of so many losses, and the cost to rebuild infrastructure will be at the highest rates in years. The fishing industry in Southwest Florida is another casualty, which will lead to a likely shortage of shrimp and stone crab. What’s Puzzling Us Major League Pickle Ball is expanding. The game has been around since 1965, so the question is, why now? What Doesn’t Surprise Us At All Even with a remarkable catch, there’s always a catch. The tax implications of grabbing that record breaking baseball might make you wish you’d missed. Thread Recommendations The Onion filed an amicus brief with the United States Supreme Court arguing for the protection of parody in the case of Anthony Novak v. City of Parma, OH, et al. The author of the brief isn’t joking. The 2022 winners of the Ocean Photographer of the Year contest, as well as The Nature Conservancy photo awards for 2022, have been announced. Audio Files If you believe vinyl recordings are better than digital, here’s how to listen for the best vinyl version of the music you love. (Audio section is 4:27 minutes.) Spotlight on Services for Accounting Firm Conflicts Asterion, Inc. has extensive experience in Forensic, Valuation and IP services in both dispute and transaction settings. We work with public accounting firms to assist their clients in situations when there are ethical or business conflicts |
October 11, 2022