Economics textbooks will tell you that one of the best products a retailer can have is an “inelastic” good or service. Meaning that there aren’t a lot of substitutes for the product and that customers are going to pay for it regardless of a price increase. UK retailer Marks & Spencer had such a product [...]
I found this little gem of an article from two writers at SmartMoney.com, they think that some of the good news about the economy has been lost. So they put together a list of eight “bright spots”. Four of them seem rational and reasoned, the type of thing I would expect from financial writers. The [...]
In the world of criminal enterprise some people think big and others think small. Case in point…take 23 year old David Mlynick of Florida. This wanna be Tony Montana stole a can of TAG body spray from a grocery store. When pursued by the store manager, he “became belligerent” and pulled out a BB gun [...]
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