Word: brandsness
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LIQUOR. Returning U.S. citizens are limited by customs to one quart of duty-free spirits per person, so it hardly ever makes sense to buy more than that amount of hard liquor. But wines and other low-alcohol drinks are taxed at a much lower rate than, say, Scotch. Thus...
TOBACCO. Cigarettes, which can be brought back to the U.S. in "reasonable" quantities, are priced lowest at the duty-free shops in Shannon, Johannesburg and Tokyo ($2.40 per carton). Elsewhere they cost 25? to $1 more. Caution: locally manufactured versions of many U.S. brands are sold in parts of Europe...
Some might take issue with Segal's evaluation. It is admittedly, biased and spiced with an implicit egotism. Does Segal deem himself one of those "thousand brightest"? No doubt he does, but his flagrant Harvardism has still another aspect. Segal loves and deeply misses the tolerance of idiosyncracy, of eccentricity...
To boost demand, the makers of little cigars, which are still allowed to be advertised on the home screen, expanded their promotions in print and television. Cigars like Lorillard's Omega, U.S. Tobacco's Tall N' Slim and American Brands' Antonio y Cleopatra became increasingly popular...
Investors are particularly buoyed by last year's 13% rise in pretax corporate profits and expectations that earnings will increase this year by 15% or so. More than 70 major companies raised their dividends in the past three months, including American Brands, Avon Products, Colgate-Palmolive, Xerox and Federated...