Photos: Concession Prices Revealed For Tonight’s National Title Game

first_imgA general view during the first quarter of the 2017 College Football Playoff National Championship Game between the Alabama Crimson Tide and the Clemson Tigers at Raymond James Stadium.TAMPA, FL – JANUARY 09: A general view during the first quarter of the 2017 College Football Playoff National Championship Game between the Alabama Crimson Tide and the Clemson Tigers at Raymond James Stadium on January 9, 2017 in Tampa, Florida. (Photo by Tim Bradbury/Getty Images)The national championship is finally here, and it appears the concession stands at Levi’s Stadium will take full advantage of the matchup between Alabama and Clemson.Alabama is searching for its second consecutive title, meanwhile Clemson is looking to avenge its loss to the Crimson Tide from last season.Watching these two programs battle this evening should be worth the price of admission. However, it’s hard to defend the prices for food and drinks at the stadium.Football and food go together perfectly, but fans might have to monitor the amount of money they will spend tonight. With prices relatively high for this game, Levi’s Stadium could see an excellent profit in concession sales.Although most fans at football games usually purchase a beer or two, it’ll be hard to cough up $12 for each round.Here are some of the concession prices for tonight:Nothing says ⁦@CFBPlayoff⁩ like $14 draft beers— Brett McMurphy (@Brett_McMurphy) January 7, 2019Even the healthier options come with a hefty price tag.Concession items at tonight’s game. Can’t get more California than the final two items.— Darren Rovell (@darrenrovell) January 7, 2019With kickoff just around the corner, fans should be filing in at Levi’s Stadium.Hopefully Clemson and Alabama give the football world an entertaining game that comes down to the wire.last_img read more

More very stong criticism of Australias new federal super tax on resources

first_imgThe new resource super profit tax (RSPT) is “gobsmacking” and slams an industry already punching above its weight in its contribution to the success of the Australian economy as a whole, according to a South Australian mining leader. Addressing the second day in Adelaide today of the Paydirt 2010 South Australian Resources and Investment Conference, SA Chamber of Mines and Energy President, John Roberts, said it was numbing to have such a proposed tax imposed on the industry at a time when it was one of the few sectors generating real growth. “Very clearly there are a number of issues in the Federal Government’s tax initiatives announced last Sunday that require substantive clarification and no doubt negotiation.” See also yesterday’s longer post on this subject.“Our industry Australia wide comprised 8% of the country’s total economy last year but contributed 18% to the total income tax bucket,” he said. “More concernedly, Australian Taxation office records show that the resources sector pays 13% more as a collective industry than any other sector. It is an industry whose health is essential to the well being and lifestyle of Australia and it is gobsmacking so see the imposition of such a tax at this time.”Roberts said many explorers and miners would struggle to understand why other sectors which had fared much better in the Federal Government’s tax package but did little more than “move money around without creating anything” were not equally taxed. “This is not a super profits tax, but a tax on the very first dollar of profit – taxed at the super profits rate of 40% plus state taxes plus income tax,” he said.“Few outside Australia’s mining industry realise just how difficult an industry it is,” Mr Roberts said. “We have to spend millions in high risk money and even though well supported in this State by the South Australian Government, nevertheless the real money that goes towards finding economic deposits has to come from shareholders at the very front end of exploration. Many of these shareholder investment monies have already been taxed so they are ‘heavy dollars’ already.“Mining is not a case of drilling one hole and the money pours out. Even one successful hole has to be followed by extensive permitting, and battles against the weather, ground conditions and variable metallurgical recovery rates – factors that make this industry so different to almost any other business sector. In addition, mineral commodities have the added difficulty of being difficult to find in the first place so that by the time a mine is commissioned, margins can be extremely tight.”Rio Tinto has also warned the new resources tax could erode Australia’s competitiveness, severely curtail investment and limit jobs growth. Rio Tinto Managing Director Australia David Peever said the final design and implementation of the additional resources tax was crucial to ensuring unintended consequences didn’t filter through to other sectors of the national economy. “We are concerned about the inclusion of existing operations and the apparently arbitrary way the new resources tax was set at 40%. Taxing 40% of profits over the long-term bond rate, together with corporation tax, would make the Australian minerals sector the highest taxed in the world, seriously eroding competitiveness,” he said.And just as importantly, altering the rules for existing multi-billion dollar projects in mid stream – after large amounts of capital have already been put at risk over many years – would be the worst possible message Australia could send to investors. Peever rejected suggestions that the Australian community was not extracting a fair return from the growth in the mining sector, noting the industry already pays more tax than other parts of the economy. “All Australians benefit from a strong mining sector. In the same way all Australians are affected by measures that hurt the mining sector. Australia was saved from the worst of the GFC by the strength of the resources sector, but the same industry is now being portrayed by the Government as not paying its way.“Periods of high commodity prices also give the industry the capacity to invest through the cycle and to return value to ordinary shareholders. Across commodity price cycles, Rio Tinto has maintained its strong record of investment in Australia for more than a generation, expanding its business and creating wealth for shareholders and the broader Australian community. Rio Tinto, like other mining companies, continues to deliver a wide range of local and regional community benefits that are not recognised in the basic taxation statistics. Investments in local infrastructure and agreements made with indigenous communities, for example, are provided on top of mining royalties and company taxes.”Rio Tinto will continue to keep its shareholders and customers informed about issues of concern regarding particular aspects of the Governments tax proposals, Peever said. “Rio Tinto is not opposed to tax reform. We support genuine tax reform that protects against sovereign risk, improves the competitiveness of the resources sector as an investment destination and promotes economic growth,” he said. “We will comprehensively analyse the potential impact on our business of all of the Government’s proposals and want to play a proactive, constructive role in the consultation process outlined by the Government.”last_img read more