Lecture Notes

Starbucks Union Strike

• Starbucks workers who are part of the Starbucks union are on strike.
• The union represents a small portion of Starbucks stores (500+ out of 10,000 nationwide).
• The strike is against the new dress code implemented by Starbucks, requiring employees to wear only black and specific outfits.
• A union member stated that Starbucks is focusing on the wrong things instead of listening to baristas. This is exemplified by implementing a restrictive new dress code.
• Customers may not care about the color of employees' clothes when waiting a long time for a latte.
• When one union goes on strike, members of other unions or those in support may avoid the business. This support may manifest as workers picketing.
• The impacts on Starbucks revenues and earnings in the short term are uncertain.

Potential Nuclear Deal with Iran

• The United States and Iran may have agreed on terms for a nuclear deal.
• The deal addresses concerns about Iran's potential development of nuclear weapons.
• Previous efforts to prevent Iran from obtaining nuclear weapons included sanctions.
• A nuclear deal existed in 2015 under President Barack Obama, which allowed inspections in exchange for economic benefits. Donald Trump canceled the agreement in 2016.

First Edition Constitution and Bill of Rights Display

• The National Constitution Center in Philadelphia will display a first edition printing of the Constitution for its 250th anniversary.
• The center will also showcase a first edition copy of the Bill of Rights.
• The Bill of Rights originated from 17 amendments proposed by James Madison in the House of Representatives.
• The Senate agreed to 12 of these amendments, and only 10 became the Bill of Rights.
• Ken Griffin, CEO of Citadel Financial, owns the first edition of the Constitution and the original Bill of Rights.
• Ken Griffin purchased the first edition copy of the Constitution for 43,000,000 a couple of years ago.
• He will loan them to the Constitution Center for public display.
• The irony is that documents representing American freedom are owned by a wealthy billionaire.
• The origin and acquisition details of the Bill of Rights by Ken Griffin are unknown.