Showing results for: “Google shopping manne”
Debunking the "pro-business" rationale for Section 5 enforcement
Repeating claims he made in his statement in Intel, Chairman Leibowitz in a recent interview in the Wall Street Journal has this to say about stepped-up Section 5 enforcement at the FTC: The courts have pared back plaintiffs’ rights in antitrust cases. They’re concerned about what they believe to be the toxic combination of class ... Debunking the "pro-business" rationale for Section 5 enforcement
The SEC gets that old time climate religion. Hallelujah, praise Gore.
Today the SEC voted 3-2 to approve an interpretive release offering guidance to companies on disclosure obligations as they relate to climate change. Commissioners Casey and Paredes voted to reject the proposed guidance. Everyone can agree that companies may have an obligation under Regulation S-K to disclose risks arising from, among other many things, climate ... The SEC gets that old time climate religion. Hallelujah, praise Gore.
Finally, some real help for California!
Oregonians, my fellow residents of the Beaver State (and, by the way, the only state in the Union with a different image on each side of its flag), voted yesterday to increase top marginal income tax rates and corporate tax rates, including minimum corporate tax rates and the addition of a tax on gross receipts. ... Finally, some real help for California!
Varney on the Merger Guidelines
Yesterday the final Horizontal Merger Guidelines Review workshop was held and, among other antitrust luminaries, our own Josh Wright participated. We look forward to a report from the front lines. Meanwhile, Assistant Attorney General Varney’s comments are available on the interwebs. Overall her remarks seem uncontroversial, especially following on the heels of the agency’s (surprising?) ... Varney on the Merger Guidelines
"In the long run, my friend, it's your theory that's dead"
Russ Roberts’ brilliant and eagerly-awaited Keynes vs. Hayek rap video is here. It’s the best economics pop music since Merle Hazzard. Here are the lyrics: We’ve been going back and forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle and good reason ... "In the long run, my friend, it's your theory that's dead"
Note to Simon Johnson: I do not think antitrust means what you think it means
Simon Johnson is at it again, advocating the use of antitrust to break up the banks because they are, you know, big, and antitrust is about busting up big companies, right? As Josh suggested back in July, the idea is gaining momentum, it seems. The Financial Times is also pushing the idea. What’s remarkable about ... Note to Simon Johnson: I do not think antitrust means what you think it means
Monsanto's licensing case victory
As regular readers know, we’ve been following with (critical) interest the antitrust issues surrounding the seed industry in general and Monsanto in particular. See, for example posts by me or Mike here, here and here. As you may not know, Monsanto and Pioneer (a DuPont subsidiary) have been engaged in a heated contract and patent ... Monsanto's licensing case victory
The problem with paper payments
Jim Van Dyke (who contributed to our interchange symposium) has an interesting post up today recounting a brief glimpse of life without payment cards: What would a day without payment cards be like? I had a glimpse into that just this morning, when my usual Bay Area morning routine of using my prepaid card to ... The problem with paper payments
The case against the section 5 case against Intel, redux (cross-posted)
As Josh noted in cross-posting his comment on Section 5 and Intel, Antitrust & Competition Policy Blog is hosting a symposium on the role of FTC Act Section 5 in light of Intel. Josh’s contribution at AC&P is available here, along with the other symposium participants. I, too, have contributed a post, likewise cross-posted here. ... The case against the section 5 case against Intel, redux (cross-posted)
The Case Against the Section 5 Case Against Intel (Cross-Posted)
Antitrust & Competition Policy Blog is hosting a symposium on The Role of FTC Act Section 5 in Light of Intel. Today’s contributions include Dan Crane (Michigan), Keith Hylton (BU), Bob Lande (Baltimore) and me. Up tomorrow will be TOTM’s Geoff Manne, Sean Heather (US Chamber), and Herbert Hovenkamp (Iowa). My contribution is available here, ... The Case Against the Section 5 Case Against Intel (Cross-Posted)
The faulty logic of "protecting" consumers from the absence of annual fees
Our friend and University of Chicago law professor, Omri Ben-Shahar, fresh off a run participating in our credit card interchange fee symposium, has penned a guest post following up on our ongoing discussion of annual fees: There is no annual fee for shopping at Wal-Mart, but there is an annual fee for shopping at Sam’s ... The faulty logic of "protecting" consumers from the absence of annual fees
Credit card annual fees and the self-appointed consumer protectors
Adam Levitin has a blog post up responding to Todd Zywicki’s recent WSJ editorial on credit card interchange fees. As most readers know, this is a topic of significant interest around here, and Josh blogged about Todd’s op-ed just yesterday. I’m on vacation so I’ll be brief, but I thought Adam’s post was so wrong ... Credit card annual fees and the self-appointed consumer protectors
