Best Buy Apologizes For Selling 4. Packs of Water While CNBC Asks If Disaster Capitalism Is So Bad. Did you see those packs of water being sold at a Best Buy store in Houston for as much as 4. The photos went viral as an example of predatory price gouging in the wake of Hurricane Harvey. But the company is now apologizing and saying it was all a big misunderstanding. Meanwhile, CNBC doesnt think that disaster capitalism is such a big deal. There have been over 5. Srimad Bhagavad Gita In Bengali Pdf more. According to the Texas Attorney General, the price gouging has included hotel prices quadrupling, fuel for as much as 1. But Best Buy was recently singled out on social media when a tweet showed that some packs were being sold at a Houston location for 2. People were disgusted, to say the least. Spirit 6.1.3 more. This was a big mistake on the part of a few employees at one store on Friday, a Best Buy spokesperson told CNBC. As a company we are focused on helping, not hurting affected people. Were sorry and it wont happen again, the statement continued. Not as an excuse but as an explanation, we dont typically sell cases of water. The mistake was made when employees priced a case of water using the single bottle price for each bottle in the case, the spokesperson from Best Buy concluded. Buy Cracker Barrel Cheese Uk' title='Buy Cracker Barrel Cheese Uk' />The penalty for price gouging in Texas is a fine of up to 2. And if the victim is over the age of 6. Alaska Ultimate X. So while Best Buy contends that it was all an honest mistake, they have a legal responsibility not to price gouge during a disaster. Thats the law in Texas. But amazingly, a host from CNBC acknowledged that while it might be immoral to overcharge during a crisis, he still wondered if the law should be enforced. Free Stuff Times is the most updated Free stuff site on the internet Freebies are posted all day long, including samples, stickers, coupons, shirts, calendars, gifts. Need help in the kitchen eHow offers quick and easy recipe ideas and cooking techniques for everyday meals as well as holidays and other celebrations. City data city data find city data town city data city data tm best city data 1 city data local city data new york city data. CNBC had the Attorney General of Texas, Ken Paxton, on their network this week and asked why businesses shouldnt be allowed to charge whatever they want, even after a natural disaster. Attorney General, clearly all of us would be agreed that its a moral issue to try and oversell necessities at a time of crisis. Is it and should it be a legal issue as well the CNBC host asked. Surely its up to the seller to sell their product at the price they wish, even if morally clearly at this time they shouldnt be overcharging for necessities. The Attorney General shot back that the law is in place for a reason and that he was going to enforce it. Well, clearly the Texas legislature thought differently, because they were the ones who put the penalties in place. Its up to 2. 0,0. Texas Attorney General Ken Paxton said. So, of course, our legislature, signed by a governor many years ago, clearly didnt want during natural disasters the necessities to be jacked up in price, Paxton continued. So that was a decision that they made and were enforcing it. Its incredible that anyone could ask whether selling 1. Nothing, not even the lives of hundreds of thousands of people, should apparently get in the way of making a buck. CNBCCorrection This post originally misstated one of the prices for the packs of water. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Easily share your publications and get. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more. I regret the error. Find recipes for every meal, easy ideas for dinner tonight, cooking tips and expert food advice.