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Blog Posts in February, 2011

  • Another 2.1 Toyota Vehicles Recalled Over Sudden Unintended Acceleration Problems

    Toyota is issuing yet another recall related the problem of sudden unintended acceleration. This latest one affects 2.1 million autos in the US over ill-fitting floor mats that might entrap the gas pedal. Recalled vehicles include approximately: 20,000 Model Year GS 300 and GS 350 All-Wheel Drive vehicles (2006, 2007) 603,000 4Runners (2003-2009 models) 397,000 Highlander and Highlander HV ...
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  • Research Shows That Moderate Drinking Has Health Benefits

    An analysis by Canadian researchers of over 4,000 studies conducted from 1950-2009 concludes that drinking light to moderate amounts of alcohol (1 drink per day for women and 2 drinks for men) reduces by as much as 25% the risk of multiple cardiovascular outcomes, including incidence of and mortality from coronary heart disease and stroke, compared with persons who don’t drink at all. A separate ...
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  • Sales of Denver Luxury Homes Up 48% in January

    Forty luxury homes were sold in January with selling prices of over $1 million, for a 48% increase over January 2009 and a whopping 78% increase over January 2010. For the same 2010-2011 time period, sales of all homes in the Denver metro area decreased by 8.4%. Can we reasonably draw any conclusions from this information about which segment of the population is being hardest hit by our sluggish ...
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  • 794,247 Dorel Juvenile Group Child Safety Seats Recalled by NHTSA Over Safety Harness Issue

    Dorel Juvenile Group (DJG) is recalling 794,247 child safety seats over concerns that a harness safety issue could place a child occupant at risk of serious injury during a car accident. If the harness locking and release button doesn’t go back to its locked position, the harness might come loose while the child is seated in the DJG car seat. DJG will be giving consumers a remedy kit that will ...
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  • 500,000 Bassinets Recalled by Burlington Basket Company Because They Pose a Fall Hazard to Infants

    The U.S. Consumer Product Safety Commission and Burlington Basket Company are recalling about 500,000 bassinets over concerns that they pose a fall hazard. The recall comes following 10 reports of incidents involving the bassinets collapsing. Two babies sustained minor injuries as a result. A fall hazard exists when the bassinet’s cross-bracing rails are not fully locked into position. This can ...
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  • 1.7M Summer Infant Video Baby Monitors Recalled Following Two Child Deaths

    If you will recall, in November, our products liability law firm reported that the Consumer Product Safety Commission had put out a warning for people to be careful when using baby monitors that aren’t wireless because the electrical cord can pose a strangulation hazard to kids. Now, following the deaths of two babies from this very cause, the CPSC and Summer Infant are recalling 1.7 million baby ...
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  • Fraudulently Paying Taxes on Nonexistent Assets Is Not a Good Idea in Colorado

    Starting in the late 1990s, HealthSouth Corporation, which advertises itself as the nation’s largest provider of inpatient rehabilitative healthcare services, began intentionally overstating its earnings in order to meet expectations of Wall Street analysts. Then in 2002, HealthSouth added non-existent “miscellaneous” assets to its Colorado ledgers to balance its books. It did the same in other ...
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  • NHTSA Says Electronic Flaws Not Responsible for Toyota Sudden Acceleration Accidents

    The National Highway Traffic Safety Administrations says that a software flaw didn’t cause the sudden acceleration accidents involving Toyota vehicles that have resulted in serious injuries and deaths. Instead, floor mat entanglement, sticky gas pedals, and human error appear to have been the main culprits. The NHTSA issued its findings today following a 10-month study that involved the help of ...
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  • University of Colorado No. 1 in Peace Corps Volunteers

    Hearty congratulations to the Boulder campus of C.U. for being the number one school in 2011 in providing the Peace Corps with 117 undergraduate alumni currently serving overseas in the Peace Corps. C.U. has been in the top three providers of volunteers since 2004. And for the first time this year, both C.U. and Colorado State University in Fort Collins made the top 10. C.U.-Boulder is the number ...
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  • Kudos to Ceridian Cobra Insurance for Doing Whats Right

    In a recent article, we wrote about Dan Flanagan, a Colorado Vietnam vet undergoing treatment for bone marrow cancer, whose health insurance was canceled over a two cent shortage in a premium payment. On January 26, after public outcry resulting largely from Denver’s NEWS7 ‘s coverage on the issue, Ceridian,–the administrator for the vet’s claim– asked the fiduciary, a former employer, to ...
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  • Business as Usual?

    Colorado’s Channel 7NEWS reports that Ron Flanagan, a Vietnam vet’s health insurance was canceled because of a $.02 (yes, that’s two cents) premium underpayment. Frances Flanagan, the veteran’s wife, mistakenly paid $328.67 for the monthly premium payment instead of the $328.69 that was due. She says that when making the online payment for November, she hit the 7 key instead of the 9 key. A check ...
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  • Companies Must Conduct Regular Financial Audits

    A bookkeeper for a Colorado financial company was arrested at her home in Jefferson County last Friday for investigation of embezzling $760,000 from a Boulder financial company, starting just two months after she began working for the company in 2006. Another accountant, who was filling in for the regular accountant while she was off work, discovered that large money transfers were being made into ...
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  • Colorado Consumers Beware

    According to a report issued by the Federal Trade Commission (FTC), Colorado was among the most scammed states in 2009. In its latest annual report, the FTC concludes that Colorado residents ranked high in fraud and identity theft complaints. Colorado ranked second only to Nevada in fraud and other complaints, with 412.4 complaints per 100,000 population (20,772 complaints), and ninth in identify ...
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