Setting the Tax Rate on Legal Marijuana: Consumption, State Revenue and the Black Market
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Examining the Difference Between Quality and Taste in Consumer Preferences

Laptops and TVs are based on quality, fast food and soda on taste; but Stephen Spiller finds that some buyers defy these models, and it’s an opportunity for marketers

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With more capital, banks are less leveraged today. But owing to the risk in their assets, current data suggest that bank equity and subordinated debt would again be wiped out in a credit crisis of the magnitude of 2008.

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