Advertisements

Category: Economy

Dow Soars to 21K Milestone

The Dow Jones Industrial Average crossed the 21000 milestone at the opening bell Wednesday morning in what was the fastest 1,000-point advance in the blue-chip index’s history. Advertisements

Advertisements

Shoppers, markets lose with Philly soda tax

Consider the impact on consumers. Mobile consumers have the ability to drive to nearby suburbs and buy their beverages without paying the tax, as well as their other groceries. They’ll save a little money, but take on the hassle of driving, spending money on gasoline, and adding to traffic. Proponents of the soda tax have suggested that after some period of time consumers will adjust and go back to shopping in their usual city store. I strongly disagree.