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Keyword: gouging

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  • House passes gasoline price-gouging bill

    05/19/2022 11:32:53 AM PDT · by ChicagoConservative27 · 116 replies
    The hill ^ | 05/19/2022 | Rachel Frazen
    The House voted Thursday to pass Democrats’ bill aimed at combating “price gouging” on gasoline. The bill passed 217-207, with no Republicans voting for it and four Democrats voting against it: Reps. Stephanie Murphy (Fla.), Lizzie Fletcher (Texas), Kathleen Rice (N.Y.) and Jared Golden (Maine).
  • $28 Beer at NYC Airport Prompts New Pricing Policy: ‘Totally Indefensible’

    05/18/2022 2:44:52 PM PDT · by nickcarraway · 61 replies ^ | May 17, 2022 | AJ Jondonero
    The Port Authority of New York and New Jersey recently announced a number of new measures to rein in pricing at airports after a traveler saw beer being sold at LaGuardia Airport for $28 last year. Authorities said the Aviation Department has “significantly enhanced” compliance with the fair market pricing policy for goods sold in airport concessionaires. This means that no item should be sold above local “street prices” with a 10% maximum surcharge. The policy also requires vendors to offer lower-priced options. The most popular craft brewery in every state, according to Yelp Revisions to the Concessionaire Street Pricing...
  • Durbin: There’s ‘a Lot’ of Price Gouging and Record Job Creation Comes with Inflation

    05/17/2022 4:53:19 AM PDT · by ChicagoConservative27 · 38 replies
    Breitbart ^ | 05/16/2022 | Ian hatchett
    On Monday’s broadcast of MSNBC’s “MTP Daily,” Senate Majority Whip Sen. Dick Durbin (D-IL) stated that “we’re dealing with a transitional economy, coming from a shutdown economy under COVID-19, reemerging, creation of jobs at record levels, but with it, comes the fires of inflation.” And there’s also “a lot” of price gouging. Durbin stated that poor poll numbers for Democrats reflect “history’s reality that off-year elections are not kind to the president’s party. That’s the starting point. Secondly, we’re dealing with a transitional economy, coming from a shutdown economy under COVID-19, reemerging, creation of jobs at record levels, but with...
  • Dem Rep. Schakowsky Blames High Gas Prices on Oil Company Price Gouging

    04/06/2022 7:55:39 AM PDT · by ChicagoConservative27 · 36 replies
    Breitbart ^ | 04/06/2022 | Trent Baker
    Wednesday on CNBC’s “Squawk Box,” Rep. Jan Schakowsky (D-IL) blamed oil companies for record-high gas prices across the United States. Schakowsky argued that “Americans are suffering right now at the pump” due to oil companies raising their prices during the war in Ukraine. She also asserted the companies could be producing more oil than they currently are.
  • Summers: Can’t Blame Inflation on Pandemic, War, or Gouging, It’s about ‘Managing the Level of Demand’

    03/11/2022 5:56:48 PM PST · by ChicagoConservative27 · 30 replies
    Breitbart ^ | 03/11/2022 | Ian hatchett
    BREITBART On Friday’s broadcast of ABC’s “GMA3,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers called on the Federal Reserve to raise interest rates and signal that further interest rate increases are coming and argued that the Federal Reserve can’t blame inflation on the coronavirus pandemic or the war in Ukraine, and the Biden administration can’t blame corporate greed for inflation because, at its core, the issue is about “managing the level of demand in the economy.”
  • Showroom shock! Dealer jacks up truck’s MSRP 43% amid auto industry crisis

    02/12/2022 3:21:08 PM PST · by nickcarraway · 70 replies
    New York Post ^ | February 12, 2022 | Kerry J. Byrne, Griffin Kelly
    A New Jersey auto dealer is selling a new Ford Bronco for a staggering 43 percent above the manufacturer’s suggested retail price, as inflation reaches historic levels and auto inventory shortages wreak havoc on consumer wallets. “We are going to be like Cuba soon,” said one customer at All American Ford in Old Bridge, NJ. “No new cars and we’ll all be driving ’57 Chevys.” A New York City man expressed his truckin’ outrage on social media this week after he found a 2021 Ford Bronco at the Old Bridge dealer with a manufacturer’s suggested retail price of $34,855 being...
  • Price gouging?

    04/02/2020 1:29:28 PM PDT · by Trot · 56 replies
    vanity ^ | 4/2/20 | trot
    Newsom was right to balk at hand sanitizer for $400. Are other vendors hiking prices on other things?
  • Walmart gouging on price of oil in Central Texas

    03/28/2020 3:44:14 PM PDT · by MeneMeneTekelUpharsin · 67 replies
    Local Walmart | 28 March 2020 | Mene Mene Tekel Upharsin
    The local Walmart has 5 quart bottles of Conventional Super Tech 10W-30 for $13.98 and Synthetic for $14.88. Regular quart bottles of all brands/grades are also at months ago prices. These are the same prices for which it has been selling for months. With the price of oil at around $22 a barrel, that is WAY too high for oil. Doesn't seem to be right with what is going on right now with the whole region in economic distress. Never did see Walmart as gouging, but on this item they are.
  • President Donald J. Trump Will Not Tolerate the Price Gouging and Hoarding of Critical Supplies Needed to Combat the Coronavirus

    03/24/2020 10:45:33 AM PDT · by ransomnote · 8 replies ^ | March 23, 2020 | White House
    "Every American has a role to play in defending our Nation from this invisible, horrible enemy." President Donald J. Trump PREVENTING AND PUNISHING HOARDING AND FRAUD: President Trump is taking action to prevent the hoarding and price gouging of critical supplies needed to combat the coronavirus. President Trump is signing an Executive Order providing the authority to address, if necessary, hoarding that threatens the supply of necessary health and medical resources. This includes the action of hoarding unnecessary quantities of items for the purpose of selling them above the fair market value. This action is authorized under the Defense...
  • Drug cleared by Trump, FDA for coronavirus testing also found in fish tanks -- and prices online are soaring

    03/20/2020 6:26:54 AM PDT · by Red Badger · 83 replies
    FOX News ^ | 03/19/2020 | By Danielle Wallace
    President Trump announced in a press conference Thursday that chloroquine phosphate -- a substance found in drugs used to treat malaria and severe arthritis -- was cleared by the Food and Drug Administration (FDA) to test as a treatment for the coronavirus. That same substance, outside its pharmaceutical form, is used as an additive in aquariums to kill microscopic organisms that might harm fish and other aquatic animals. And, the prices for chloroquine phosphate have surged online in late February and early March, according to a study published Thursday, sparking fears that people may be ingesting the fish-tank additive in...
  • Enemies of Society Report "Price Gougers" to Authorities [PODCAST]

    08/30/2017 8:28:35 PM PDT · by Arthur McGowan · 11 replies
    The Tom Woods Letter ^ | August 30, 2017 | Tom Woods
    I've often said that being an economist must be one of the most frustrating professions. You spend your life fighting against economic fallacies, and as you're lying in the hospital about to expire, the reporter on TV talks about all the jobs some natural disaster is going to create. These days, the most dangerous economic error is the condemnation of "price gouging." Even in my own Facebook feed I found people up in arms about high prices in the wake of an emergency. Evidently many hundreds of complaints about the practice have been filed with the Houston authorities, with more...
  • Harvey Price Gouging

    08/29/2017 7:40:46 AM PDT · by where's_the_Outrage? · 73 replies
    Vanity | August 29, 2017 | self
    What should be the reaction to price gouging for Harvey? I believe in the law of supply and demand, the more the need the higher the price. That being said, what I don't condone is those that create shortages by burying up the local stocks and then gouging the prices. But I do condone person X transporting needed supplies into affected area, and getting what he can for those supplies. In fact, I would encourage that. Have the monetary incentive to get the supplies to the area, do not expect Walmart to disrupt their profit margin by changing distribution methodology...
  • Starbucks shares tumble on lowest same-store sales growth since 2009

    01/30/2017 7:25:19 AM PST · by SoFloFreeper · 96 replies
    CNBC ^ | 1/26/17 | Sarah Whiten
    Starbucks earnings hit Wall Street's target in the latest quarter, but shares fell 3.5 percent in aftermarket trading on Thursday after the company posted its lowest same-store sales growth since 2009...
  • Sandy Price Gouging Probed: $7 Loaf Of Bread, $10 Box Of Matches

    11/06/2012 5:31:08 AM PST · by blam · 31 replies
    NBC ^ | 11-6-2012 | AP
    <p>More than 400 possible cases of price gouging of gasoline and other essentials, including a $10 box of matches and $7 loaf of bread, have been reported in New York before and after Sandy.</p> <p>Reports are being investigated in New York City, the Hudson Valley and on Long Island by state Attorney General Eric Schneiderman.</p>
  • Would rising prices(if legal)work better than state controlled Rationing in NJ after this hurricane?

    11/03/2012 1:55:01 PM PDT · by sickoflibs · 110 replies
    links in post | 11/3/2012 | sickoflibs
    In New Jersey there is a shortage of open gasoline stations not because of the supply of gas but due to lack electricity at gas stations. This has caused long lines due to form miles long and lots of frustration. The media is reported thousands standing in line waiting to buy gasoline. So NJ Gov Chris Christie has just announced a form of gasoline rationing of odd and even buying days. At the same time he is prosecuting merchants for raising prices in response to the shortages; and I am sure this is very popular there: ' Procecute those greedy...
  • College Education: Another bubble ready to burst!

    04/19/2011 8:55:52 AM PDT · by SeekAndFind · 53 replies
    Bennington Banner ^ | 04/19/2011 | Audrey Pietrucha
    Senator Bernie Sanders added a new victim to the long list in his most recent column -- college students. Sanders complained that the Republican budget proposal would reduce the average Pell higher education grant by 17 percent at a time when the cost of a college education is "soaring." Having just sent the last of my three children off to college, I cannot argue with Sanders’ description of college tuition costs -- they are, indeed, soaring. Statistics confirm personal observation as, according to the Measuring Up 2008 report by the National Center for Public Policy and Higher Education, tuition and...
  • Is it price-gouging? No, it's 'resource allocation'

    09/22/2008 1:42:50 AM PDT · by Maurice Tift · 18 replies · 414+ views
    The Augusta Chronicle ^ | September 22, 2008 | Mark A. Thompson
    Gas stations should be allowed to charge any price they want. Stop and think. There are gas stations all around us. All of them havesimilar products and must compete with one another. We have regulations and agencies that watch to make sure there are no cooperative arrangements among stations. Why, then, are price-gouging laws such a bad idea? First, the price restriction interferes with market forces. For example, gas stations anticipate a lack of supply of gas over the next couple of weeks because of the hurricane in the gulf. They raise their gas prices to allocate the remaining supplies...
  • Gas prices spike in Michigan

    09/13/2008 7:38:56 PM PDT · by mombyprofession · 29 replies · 146+ views
    WZZM 13 News Website ^ | 9-13-08 | AP
    DETROIT (AP) - The state auto club said that the statewide average for a gallon of self-serve regular fuel was up about 5 cents to $3.94 early Saturday from Friday morning. That's up about 20 cents from Monday. AAA spokeswoman Nancy Cain said there were some reports of prices above $4 a gallon. On Friday, Gov. Jennifer Granholm and Attorney General Mike Cox promised to monitor and swiftly deal with any gas gouging in the state. Hurricane Ike threatens some of the Gulf Coast's oil refineries. Closing oil refineries because of the hurricane could lead to an eventual bump in...
  • Who the heck is congress to judge what "gouging" is?!

    07/11/2008 5:41:12 AM PDT · by brycemax · 3 replies · 82+ views
    Congress in its infinite wisdom deems itself the judge of what "gouging the public" is, but the real question: Who's gouging whom? NOTE: The author of this cartoon requests that you visit the web site and refrain from copying the cartoon within the thread. Thanks!
  • New Push To Prevent Gas Gouging At Illinois Pumps (Americans aren't jazzed about the math)

    07/04/2008 7:19:09 PM PDT · by Libloather · 45 replies · 204+ views
    CBS 2 Chicago ^ | 7/03/08 | Dorothy Tucker
    New Push To Prevent Gas Gouging At Illinois PumpsReporting Dorothy Tucker Jul 3, 2008 6:27 pm US/Central CHICAGO (CBS) With the price of gas well over $4 a gallon, consumers want every drop they pay for. But sometimes Pamela Smith wondered if the gas was flowing when she was pumping. "While I'm pumping the nozzle is clicking and it's going on and off and I'm not certain if the gas is going into the vehicle," Smith said. She is among the hundreds who have registered their concerns with the state. The state has had 700 complaints since January, compared to...