Amazon only this week acknowledged the storm it raised earlier this month when it made it much harder for consumers to buy books by Hachette, a major French publisher, in order to extract better contract terms.
In another recent conversation occurring on Salon with Thomas Frank, Barry Lynn of the New America Foundation pointed out that the Democratic Party, which has been serving as home for the left, suffers from a schism.
Since the early 1980s, executives and financiers have consolidated control over dozens of industries across the U.S. economy. From cable companies and hospitals to airlines, grocery stores and meatpackers, where once many small and mid-size businesses competed, today we see a few giants dominate.
Last week President Obama urged businesses to “give America a raise.” But even if the minimum wage were raised, it wouldn’t necessarily help a huge class of low-wage employees.
Retailers don’t really talk about how to compete with Amazon—they talk about how to avoid being decimated by it.
A year ago, Hurricane Sandy revealed harrowing realities about the basic systems New Yorkers rely on every day.
Last week, Federal Reserve officials leaked to the Wall Street Journal their tentative plan to limit the ability of Goldman Sachs and big banks to own metals warehouses, power plants, and other physical commodity assets.
And that should worry you.
Enlightened U.S. policymakers of the post-war era promoted economic inter-dependence as a key to world peace, says Barry Lynn. But today that approach has been eroded, and the original vision is fading
Justice Dept. Suit Argues Tie-Up Would Result in Steeper Airfares, Higher Fees, and Fewer Choices
Washington, DC — The U.S. Department of Justice filed an antitrust lawsuit today to block a proposed merger between American Airlines and US Airways, which would create the world’s largest airline. The suit argues the $11 billion transaction would reduce competition in an already highly concentrated market, costing consumers hundreds of millions of dollars per year.