The ABCs of Economics and Finance, or How Not to Get Ripped Off
But the problems of business concentration would be just as debilitating if the United States were a completely closed economy. The winner-take-all economy is making losers out of American workers and communities. We desperately need more competition. Now read: Amazon is going to kill more American jobs than China did.
Rex Nutting is a columnist and MarketWatch's international commentary editor, based in Washington. Follow him on Twitter RexNutting. Economic Calendar Tax Withholding Calculator. Retirement Planner.
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e-book The ABCs of Economics and Finance, or How Not to Get Ripped Off
Comment icon. Text Resize Print icon. By Rex Nutting Columnist. These are goods and services we buy every day.
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Must read: Anheuser-Busch InBev shuts out craft beer brewers by hoarding hops In some cases, those few companies act more like a cartel than they do competitors. Here are the three biggest problems with our winner-take-all economy. Wages are lower; profits are higher The most damning charge is that the trend toward larger companies is driving a wedge between the few at the top who are paid spectacularly well and the majority at the bottom whose wages are stagnant.
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Breaking Mining. Health insurance. Michael Kasprowicz. For example, at John F. The study collected and compared duty-free prices for 13 popular items Bombay Sapphire gin, Johnny Walker Blue Label scotch, Estee Lauder Advanced Night Repair face cream and Marlboro cigarettes, to name a few at 50 airports across six continents. With the help of industry experts and leaders, CNN Travel shows you how to get he best bang for your buck at duty free.
A customs duty is a tariff or tax imposed on goods transported across international borders, according to the U. And while duty-free stores are most commonly found in airports, you may also see them at major land border crossings and on cruise ships sailing in international waters. The Irish government passed the Customs Free Airport Act that year, exempting in-transit passengers, goods and aircraft from normal customs procedures.
This concept was copied internationally, says Nadine Heubel, CEO of Heinemann Americas, a company with duty-free shops in 74 airports across 28 countries. Family members traveling together can combine their personal exemptions. In addition to dollar limits, there are restrictions on how much alcohol and tobacco you can bring into a particular state.