So I was reading this story where Goldman Sachs basically makes ridiculous amounts of money by storing aluminum in Detroit Warehouses and practically setting it's own prices. It's all perfectly legal and all perfectly impossible without taking advantage of regulation.
http://news.yahoo.com/special-report-goldmans-money-machine-warehouses-090810768.html
On a more personal note my dad used to own a bar. The law in Massachusetts said bars, taverns, pubs, hotels, restaurants etc...had to buy their alcoholic beverages from licensed state wholesalers only. The result was that buying wholesale was a lot more expensive than buying retail, and a business could get in serious trouble trying to save money by buying their beer retail. A Mass liquor wholesale license was basically a license to print money.
Companies like Walmart and Starbucks have entire departments devoted to regulatory compliance, if the regulations are too unfavorable they lobby to change the regulations. And you wonder why these mega corporations are replacing all of your old neighborhood mom and pop stores?
Prohibitive cigarette taxes led to record profits for "roll-your-own" tobacco sellers, the telecom act of 1996 led to the creation of hundreds of competitive local exchange carriers.
So keep your eyes peeled, every new regulation could mean a money-making opportunity for the nimble and observant. At least until the big the big companies get their partner, the government, to squash you like a bug.
http://news.yahoo.com/special-report-goldmans-money-machine-warehouses-090810768.html
On a more personal note my dad used to own a bar. The law in Massachusetts said bars, taverns, pubs, hotels, restaurants etc...had to buy their alcoholic beverages from licensed state wholesalers only. The result was that buying wholesale was a lot more expensive than buying retail, and a business could get in serious trouble trying to save money by buying their beer retail. A Mass liquor wholesale license was basically a license to print money.
Companies like Walmart and Starbucks have entire departments devoted to regulatory compliance, if the regulations are too unfavorable they lobby to change the regulations. And you wonder why these mega corporations are replacing all of your old neighborhood mom and pop stores?
Prohibitive cigarette taxes led to record profits for "roll-your-own" tobacco sellers, the telecom act of 1996 led to the creation of hundreds of competitive local exchange carriers.
So keep your eyes peeled, every new regulation could mean a money-making opportunity for the nimble and observant. At least until the big the big companies get their partner, the government, to squash you like a bug.
