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By Rachel Goldfarb, originally published on Next New Deal

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AT&T and DirecTV Team Up Against Customers (Bloomberg View)

Roosevelt Institute Fellow Susan Crawford says that instead of overseeing mergers that will hurt consumers, regulators should be pushing cable companies to invest in infrastructure.

To Lift the Poor, You Can’t Avoid Taxing the Rich (NYT)

The money for programs needed to help low-income Americans has to come from somewhere, writes Jared Bernstein, and simply promoting overall growth isn't a viable alternative.

A Super PAC for the Poor: How to Actually Get Something Done About Economic Suffering (Salon)

Blake Zeff argues that the best way to fight poverty is to take a page from the right's handbook and form a super PAC powerful enough to threaten lawmakers who don't support the cause.

Job Outlook for 2014 College Grads Puzzling (USA Today)

This is the sixth graduating class in a row to enter a profoundly weak labor market, writes Hadley Malcolm, and though unemployment is down, young people are leaving the work force.

No, Taking Away Unemployment Benefits Doesn’t Make People Get Jobs (ThinkProgress)

Bryce Covert reports on new data from Illinois, where two months after Congress allowed extended unemployment to lapse, 82 percent of those who lost benefits were still out of work.

As Court Fees Rise, The Poor Are Paying The Price (NPR)

Joseph Shapiro reveals the impact poverty has on Americans' experiences with the legal system, as fees increase for everything from public defenders to electronic monitoring devices.

Credit Suisse's Plea is Kabuki Theatre. Big US Banks are Still Getting Off Easy (The Guardian)

The Swiss bank's guilty plea won't harm its business, writes Heidi Moore, nor is it a sign that the Justice Department will start pursuing criminal charges against U.S. banks.

Originally posted to Daily Kos Economics on Wed May 21, 2014 at 05:12 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  What Do We Get? Bunch of Bytes, Mostly from Around (1+ / 0-)
    Recommended by:
    se portland

    4-5 content providers.

    Bubble gum, public discourse, what's the difference, parts is parts. Bigger fewer providers and fewer confusing brands is more efficient.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Wed May 21, 2014 at 05:27:39 AM PDT

    •  Capped metered internet (4+ / 0-)
      Recommended by:
      FloridaSNMOM, trumpeter, JeffW, dinotrac

      Comcast is already trying it in select markets. Their thinking is cord cutters who dump cable will just end up paying Comcast for the extra bytes they use watching Hulu or Netflix.

      Right now Comcast's plan is a 300 GB cap, and you have to pay $10 for every 50 GB beyond that. They plan to take this nation wide. With the AT&T and DirecTV merger you will likely see something very similar. Time Warner offers 5 GB per month usage cap with $1 per GB overages. But, not surprisingly, that plan is not very popular.

      In the end you can cut the cord thinking you might actually save some money, but the internet providers are just going to get the money back with caps and usage fees.

      “We can always count on the Americans to do the right thing, after they have exhausted all the other possibilities.” - Winston Chuchill

      by se portland on Wed May 21, 2014 at 05:44:28 AM PDT

      [ Parent ]

  •  Bundles and price increases. (4+ / 0-)
  •  nothing new under the Sun: (2+ / 0-)
    Recommended by:
    JeffW, dinotrac

    John Kenneth Galbraith:

    "There is something strange about a doctrine holding that the rich would work harder if they had more money and the poor would if they had less."

    "History's most prominent lesson teaches that men have learned little, but precious little from history."?

    As Aldous Huxley once observed.

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Wed May 21, 2014 at 10:28:01 AM PDT

  •  "What do consumers get out of cable mega-mergers?" (1+ / 0-)
    Recommended by:

    Seriously? Is this even worth asking? What do consumers usually get in the wake of mega mergers of any industry?

    Fewer choices, higher rates, crappier service and many people working for both companies wind up losing their jobs, usually just before Xmas. Show me one example of a corporate merger that actually produced jobs, lowered rates and improved customer satisfaction.

    Corporations are arch, arrogant and do what they do with a sense of high entitlement and total impunity because there ARE no regulators in the real sense of the word. What passes for oversight are really just brokers for mergers involving corporations for whom they've either already worked or for whom they will work when their public (dis)service careers are done.

    Why do you think we have just five holding companies for virtually 100% of our publishers? Because the Random House/Penguin Group merger, which cornered a third of the market, was overseen by "regulators" in the FTC who don't even seem to know what an antitrust law even is.

    On the personal front: Subtlety- It's lost on some.


    Defending bad taste and liberalism since 2005.

    by jurassicpork on Wed May 21, 2014 at 08:17:54 PM PDT

    •  To be worthy of anti trust prosecution (0+ / 0-)

      You must have some power within the marketplace,

      while technically a publisher does, as they are able to generate profits. Publishers are simply meaningless in the grand scheme of things and exert little to no noticeable influence on today customers.  

      Its like if someone obtained a monopoly in the horse and buggy market.

  •  higher prices for less value and headaches (1+ / 0-)
    Recommended by:

    I am getting rid of Cable TV. They cut out all programs I want to see and bombard me with hundreds of channels of junk.

  •  The author of the Credit Suisse article (0+ / 0-)

    seems comically uninformed.  Its rather embarrassing that someone would bother to repost it as a "interesting" article.  

    She ignores the BNP fine in the high billions which was much bigger news this week, and implies that a 2 billion fine is nothing for CS.

    A specific note, she implies that the 2 billion will come out of its asses under management, this is child like incompetence for someone writing about financial markets.

    The fine would come out of the direct worth of the company which it uses to leverage up to its total assets. Much like how a person takes out a mortage, only instead of 5 to 1, a bank does it around 100 to 1.

    If you dont get it that's fair, if you are writing articles about that and still do not get it, you should be unemployed.  

    A quick google of her name shows that she is rather simply a stupid person.

    I am not an expert on much of what the "Roosevelt Institute" posts, but when I read an article, and the author has no idea what they are talking about, it makes me doubt the rest of its content.

  •  S-C-R-E-W-E-D (0+ / 0-)

    What else?

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Thu May 22, 2014 at 01:48:06 AM PDT

  •  What do consumers get out of cable mega-mergers? (0+ / 0-)


    Next question. :(

  •  Regulate the cable and internet providers (0+ / 0-)

    as common carriers. This should have been done 40 years ago. That is the only way to get net neutrality back.  

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