Monthly Archives: June 2014

Killing Antitrust Laws Has Killed Freedom (and soon, America)

A long but worthwhile read featuring Thomas Frank and Barry Lynn discussing the origins of antitrust laws in the United States, (Americans are only very recently ignorant of the dangers of concentrated power – be it political, industrial or financial) what those laws did for free markets, workers and consumers, and how Reagan’s politically ingenious […]

Je Recommend Le Show

This past week’s episode of Harry Shearer’s Le Show featured a discussion with Yves Smith, the financial expert and blogger from Naked Capitalism. The discussion centered on an explanation of private equity firms and hedge funds and how they have taken a certain portion of the economy hostage using “trade secrets.” Also, a fun topic […]

United States Supreme Co. Inc., – Aereo Update (Death to Aereo)

In an unstunning (I called it!) development this week the United States Supreme Court ruled in ABC v. Aereo that Aereo’s antenna-based television streaming service violated copyright protections. This has effectively shut down the company, which, it seems, no one uses but many people are sympathetic to. Here is a letter from Aereo, which is now […]

IKEA to Raise Wages in USA

IKEA says it will raise its average minimum wage to $10.76/hour, which is a 17% increase. IKEA has 38 stores in the US and will be setting a minimum wage for each of those stores based on cost-of-living in the area around each store. Ikea is another business realizing it gets better work out of […]

Massachusetts Raises Minimum Wage, dude!

Thursday brought the announcement that Massachusetts will be raising the state’s minimum wage to $11/hour by 2017, which would make it the highest state-mandated minimum wage in the country. I don’t remember much about the Governor’s call to raise the wage in his state of the state address in January, but the press release says […]

Sunday News Patrol – June 1, 2014

Turns out the predatory business structure commonly known as the Ponzi scheme is ubiquitous and difficult to regulate. A Ponzi scheme is simply using new revenue from new investors to pay old investors so it looks like they are earning returns on their investment. One must grow the pool of new investors exponentially in order […]