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Will Concerns Over Coronavirus Lead to a State Price-Gouging Law?

There's been a run on surgical safety masks since concerns over COVID-19 began spreading almost as fast as the virus itself. The face masks generally sold for roughly $1 apiece before the outbreak, but are in short supply these days. Anyone with the foresight to stockpile the masks in advance now has a valuable commodity on his hands, as a Duluth News Tribune reporter found over the weekend. A man selling N95 respirator safety masks outside a grocery store lot along state Highway 33 in Cloquet wouldn't give his name on Sunday, but said he looked up whether he could price-gouge or...

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The city of Reno might increase recreational fees to cover cost of high minimum wage

The state of Nevada passed a law to increase minimum wage gradually starting with a 75c increase in July. The law raises minimum wage to $11 by 2024 for employees who get health insurance through their employer, and $12 for those who do not.  But this change has presented extra cost of $2.7 million that has to be covered in the Reno`s parks and recreation budget for the next 5 years. The parks and recreation department needs to raise the wages of the lifeguards and coaches they employ....

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The coronavirus is exposing the bad side of the “use-it-or-lose-it” rule for airport slots

But up until yesterday many European airlines had been flying empty planes in order not to lose their allocated take-off and landing slots at bug airports. Under European guidelines airlines have to use 80 percent of their allocated airport slots or risk losing them to competitors. The rule has since been suspended as the European Union has bowed to pressure and taken into consideration the declining flight demand. But one thing the corona virus has brought into light is that the use-it-or-lose-it rule should not exist;  it enforces monopolistic behavior and contributes to inefficiency in operations to a certain degree....

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