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Special Report on

Price Gouging and Excess Profits

price gouging and excess profits special research report Photo by
If you watched Gov. Arnold d Schwarzenegger’s presentation of his budget proposal last Friday, you’d have learned (again) that the state’s chronic fiscal problems are everybody’s fault but his. It’s the legislature’s fault for not making the cuts he asked for in January (even though Schwarzenegger vetoed some of the cuts it did make). It’s the fault of the federal judges who ruled that some of the cuts enacted last year violated federal law and struck them down. It’s the fault of an income tax structure too dependent on high income taxpayers and the stock dividends they get in good times and don’t get in lean years. It’s the ...
(to sell)) exists when a specific individual or an enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. (This is in contrast to a monopsony which relates to a single entity's control over a market to purchase a good or service. And contrasted with oligopoly where a few entities exert considerable influence over an industry) Monopolies are thus characterised by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods . The verb "monopolise" refers to the ...
For those who own the dollar store this is the time of change. With improved prepared shoppers have come most aloft expectations of dollar stores. Shoppers know the sell they can design to find in your competitors’ store as good as they design no reduction in your store. With difficult mercantile times has come the time when discount hunters reign. Your hopes for sales as good as increase float upon your capability to yield peculiarity products during outrageously low prices. In this essay I benefaction 4 proven strategy to grow your sales as good as in conclusion your profits. Tactic #1) Get closer to your targeted ... market research, surveys and trends
Obama Press Conference On Health Care: TEXT, VIDEO
Below is the full text of the prepared remarks President Obama delivered during his press conference last night, along with updates from the subsequent Q&A. The full transcript can be read here. Scroll to the bottom to watch the full press conference. President Barack Obama, who has spent weeks urging lawmakers to embrace his health care agenda at White House meetings, is focusing now on a broader and more distant audience: the American people, whose qualms about his plan seem to be growing. In his comments Wednesday and at scheduled events Thursday in Cleveland, the president is speaking directly to families about their ... market research, surveys and trends


Gas prices, demagoguery, and economic illiteracy [Combs Spouts Off]
It's bad enough having to listen to the Democrats' demagoguery on the issue of gasoline prices. Jeez, these are the same people who for decades have demanded higher taxes on energy in order to raise prices and punish our profligate lifestyles. Anybody remember Sen. John Effin' Kerry's call for a 50-cent increase in the federal gasoline tax? They should all be celebrating $3/gallon gas -- they've demanded it for years! But what's even worse -- in fact, just pitiful -- is watching a bunch of spineless Republicans wet their fingers, hold them up to the wind, and begin spouting populist poppycock about ... industry trends, business articles and survey research
Technical Communication Journal of Business and
million state employees and their dependents. When the legislative .... crisis: Sixty-two percent of the respondents believed that the oil com- ... response to the charges of price-gouging and excess profits. They de- ... industry trends, business articles and survey research
Why entrepreneurs are the real victims of the recession
A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, New York on March 27. Government intervention that goes against the markets hurts entrepreneurs at the expense of consumers and workers. Jessica Rinaldi/Reuters/File Enlarge By Aaron Smith , Guest bloggers / June 18, 2010 In our society of victims, entrepreneurs are blamed for many of the hardships that ail our economy. Whether it is because of high prices, low wages, or substandard economic conditions, they are often accused of exploitation in their quest for profits. Skip to next paragraph Mises Economics Blog ... market trends, news research and surveys resources
Do Airlines Have a Future? IATA Gets Tough
Have the world's airlines declared war against the costs of global distribution systems (GDS), obsolescent air traffic control system, big labor and high tax governments? Just maybe. A recent speech by Giovanni Bisignani , the director general and CEO of the International Air Transport Association (IATA), suggests IATA will take a much tougher stance against the forces he believes are weakening the airline industry. “Today there is some cautious optimism,” Bisignani told airline executives in his forecast and report on the state of the airline industry. “Global traffic is back to pre-recession levels with ... market trends, news research and surveys resources


PRICE SPIKES, EXCESS PROFITS AND EXCUSES. MARK COOPER. OCTOBER 2003 ..... Loud claims of price gouging are heard from the public and some policymakers.1 The ... technology research, surveys study and trend statistics
Stupak Says G.O.P. Price Gouging Bill Does Nothing To Protect ...
WASHINGTON � Late last night, members of the House Energy and Commerce Committee passed a new energy bill on price gouging proposed by the Republican majority. Congressman Bart Stupak (D-MI) opposed the bill citing its gross limitations in protecting American consumers and allowing oil refineries the ability to continue price gouging practices. �This Republican bill does nothing to stop refineries from continuing to gouge American consumers. Their bill targets gas stations only located in a disaster area while allowing big oil to price gouge the rest of America. In the past year, gas station operators have limited their cost of ... technology research, surveys study and trend statistics
Is price gouging really the problem?
By setting a profit-maximizing price, the seller is earning the highest possible ... who in this case was bid substantially in excess of the full cost of ...
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Why is shipping so expensive now even when gas is going down ...
I was always under the impression shipping was going up like everything else because of the gas situation, but despite the decrease in prices, shipping is only getting higher and higher. Even small items like dvds that used to ship for 2 or 3 dollars are now shipping for nearly 7 or 8 bucks. I'm not talking about the ebay auctions that work low price into shipping, but a great deal of mainstream sites are charging crazy prices. If it wasn't the gas, then what's making shipping costs rise so much? You will be amazed at how the internet companies set their shipping charges to boost their profits. I ...
Price gouging laws do exist but vary by state to fight it
Price gouging is a term for a seller pricing much higher than is considered reasonable or fair. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. Economic theory suggests that, even in unusual circumstances, price ceilings prevent incentives for the supply of goods. For example, in a disaster situation, a very high price for equipment (e.g. tents) will prompt hugely increased supply of the relevant goods. ...