Category Archives: Antitrust

Serving Wall Street Predators, GOP Launches Swift Attack on New Rule Protecting Consumers

The rule from the CFPB blocks ‘a fine-print trick that banks and predatory lenders use to evade accountability and conceal illegal behavior’

By Andrea Germanos, staff writer for Common Dreams. Published 7-12-2017

Consumer Financial Protection Bureau architect Sen. Elizabeth Warren (D-Mass.), seen here in 2016, said the new rule from the agency “will allow working families to hold big banks accountable when they’re cheated.” (Photo: New America/flickr/cc)

A new rule by a federal watchdog—hailed as having “paramount importance” for protecting consumers from Wall Street predators and curbing corporate abuses—is under direct attack by Republicans just days after being issued.

The rule from the successful and broadly-supported Consumer Financial Protection Bureau (CFPB) bans companies from using mandatory arbitration clauses, which makes consumers give up their right to file or join class-action lawsuits. In other words, it blocks “rip-off clauses” that are “a fine-print trick that banks and predatory lenders use to evade accountability and conceal illegal behavior,” as advocacy group Public Citizen put it, noting that they are also used by many corporations. Continue reading

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‘You Can’t Make This Up’: Comcast Threatens Legal Action Against Net Neutrality Proponents

If FCC chairman Ajit Pai’s plan “is enacted, there would be nothing preventing Comcast from simply blocking sites like Comcastroturf.com that are critical of their corporate policies”

By Lauren McCauley, staff writer for Common Dreams. Published 5-23-2017

“This is exactly why we need Title II net neutrality protections that ban blocking, throttling, and censorship,” said Evan Greer, campaign director of Fight for the Future. (Photo: Alyson Hurt/cc/flickr)

Open Internet proponents who have been fighting the Trump administration’s rollback of net neutrality protections, which has been enacted at the bidding of the telecom industry, said Tuesday that Comcast is now threatening legal action saying the website Comcastroturf.com is infringing on its trademark.

As the organization Fight for the Future quipped on Twitter, “You can’t make this stuff up.”

The website in question is currently providing a tool for the public to see if their names are among those stolen and used by anti-net neutrality bots to post comments in support of the Federal Communications Commission (FCC) plan to undo Title II protections that classify the internet as a public utility. Continue reading

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Massive Corporate Consolidation of Local News Underway

By Anti-Media Staff. Published 5-12-2017 by The Anti-Media

Image: LittleRoughRhinestone [Public domain], via Wikimedia Commons

In a deal that will allow one broadcasting company to reach 72 percent of U.S. households through ownership of local news stations, it was reported this week that Sinclair Broadcast Group is buying Tribune Media for nearly $4 billion.

Such a move wouldn’t have been possible a few weeks back, but Donald Trump’s new Federal Trade Commission (FCC) chairman, Ajit Pai, just began implementing sweeping changes to previously established media ownership rules. Bloomberg explains: Continue reading

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In Latest Populist Betrayal, Trump Executive Order Unchains Wall Street Greed

Orders signed Friday are ‘nothing more than special favors for the same Wall Street banks that crashed our economy in 2008 and put millions of Americans out of work’

By Deirdre Fulton, staff writer for Common Dreams. Published 4-21-2017

Photo: YouTube

In yet another Wall Street giveaway, President Donald Trump on Friday afternoon took executive action to chip away at Dodd-Frank financial regulations and roll back rules aimed at reducing corporate tax avoidance.

Lisa Gilbert, vice president of legislative affairs for watchdog group Public Citizen, described the orders signed Friday at the Treasury Department as “nothing more than special favors for the same Wall Street banks that crashed our economy in 2008 and put millions of Americans out of work.” Continue reading

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The future of US net neutrality under Trump

Administrative decisions related to the country’s telecommunications policy often go unnoticed by the majority of the US citizenry. But now, net neutrality in its purest form is in peril.

By Michael J. Oghia. Published 3-17-2017 by openDemocracy

Welcome and Opening Remarks from Commissioner Ajit Pai, May 2014.Wikicommons/Federal Communications Commission.Public domain.

As this openDemocracy series has poignantly highlighted, digital rights should never be taken for granted. For all those keeping a close eye on US politics, this reality could not resonate more ominously. With the new Republican administration of Donald J. Trump, there is plenty of kindle to fuel a fire of discussion and, often enough, outrage.

Yet, behind all of the grandstanding, tweeting, and obscene showmanship, there lies a political machine forged in the corridors of Capitol Hill, skyscraping towers of corporate America, and musty legal libraries ready to take up the bureaucratic responsibility of running the United States. You see, outside of the more widely covered political issues such as immigration and healthcare, administrative decisions related to the country’s telecommunications policy often go unnoticed by the majority of the US citizenry. Continue reading

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‘Dangerous’ and ‘Dumb’: Trump Signs Executive Order Torching Regulations

“It will fundamentally change our government’s role from one of protecting the public to protecting corporate profits”

By Andrea Germanos, staff writer for Common Dreams. Published 1-30-2017

A demonstrator in Washington, D.C. holds a sign on Jan. 27, 2017. (Photo: Lorie Shaull/flickr/cc)

President Donald Trump signed an executive order on Monday that aims to slash regulations—an action, advocacy groups say, that puts lives at risk.

The order—the latest of a flurry since he took office—states that “for every one new regulation issued, at least two prior regulations be identified for elimination,” fulfilling a campaign promise he made.

“For fiscal year 2017, which is in progress, the heads of all agencies are directed that the total incremental cost of all new regulations, including repealed regulations, to be finalized this year shall be no greater than zero,” it adds. Continue reading

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State Lawmakers Urge Rejection of Militaristic, Conflict-Ridden Nominees

125 state legislators demand U.S. Senate only confirm cabinet nominees who respect diplomacy, civil liberties, and ‘our sacred tradition of a civilian-led government’

By Deirdre Fulton, staff writer for Common Dreams. Published 1-9-2017

“From crumbling bridges and inadequate road maintenance to the opioid crisis and a lack of support for our veterans, the last 15 years of war and nation-building endeavors have taken an enormous toll on our communities and our ability as state lawmakers to provide critical services to our constituents,” the letter reads. (Photo: Adventures of KM&G Morris/flickr/cc)

A coalition of progressive state lawmakers from around the country on Monday sent a letter to Sens. Mitch McConnell (R-Ky.) and Chuck Schumer (D-N.Y.), demanding the U.S. Senate only confirm cabinet nominees “who have an established record of respecting the importance of diplomacy and other tools of statecraft over the unnecessary use of force, respecting civil liberties, placing American interests over personal interests, and upholding our sacred tradition of a civilian-led government.” Continue reading

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Conservatives Plot Their Course on the Rising ‘Sea of Red’ in State Capitals

Meeting in private, enthused activists promise that the growing Republican dominance in state government will unleash a wave of laws to cut business taxes, restrict unions and expand school privatization.

By Robert Faturechi, Pro Publica. Published 1-7-2017 by Common Dreams

The Kentucky State Capitol. Photo: Seifler (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Shortly after the November election, with the nation’s political attention focused on the Trump transition, an influential advocacy group met outside Washington to discuss how to leverage the extraordinary shift of power to Republicans in the rest of the country.

The American Legislative Exchange Council — a nonprofit better known as ALEC — briefed its members and allied groups on the bright future for its agenda now that Republicans will effectively control 68 of the nation’s 99 state legislative bodies, as well as 33 governor’s mansions. Among other things, group members said they would push bills to reduce corporate taxes, weaken unions, privatize schooling and influence the ideological debate on college campuses. Continue reading

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State AGs Vow to Be “First Line of Defense” to Block Trump’s Constitutional Violations

Statements from five states’ top legal officers follow ACLU promise to defend against Trump’s “one-man constitutional crisis”

By Andrea Germanos, staff writer for Common Dreams. Published 11-18-2016

Massachusetts Attorney General Maura Healey speaking at an event in February. (Photo: Jennifer Cogswell via City Year/flickr/cc)

Massachusetts Attorney General Maura Healey speaking at an event in February. (Photo: Jennifer Cogswell via City Year/flickr/cc)

As members of vulnerable communities and their allies gear up for threats the upcoming Donald Trump administration and Republican-controlled Congress could unleash, the top legal officers in at least five states are also preparing, announcing they are ready to be “the first line of defense” to block any constitutional violations.

Reuters reports that the statements come from the state attorneys general in Maryland, Massachusetts, New York, Virginia, and Washington. They are all Democrats.

Massachusetts AG Maura Healey, for example, said in a statement that “[i]f the incoming administration chooses to try to act in ways that are unconstitutional, my office will take action to protect the rights and liberties of our residents and our state.” Continue reading

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The DuPont and Dow Chemical Merger: Bad Deal for People and the Planet

Groups are calling on the Department of Justice to reject the deal to protect food supply

By Sarah Lazare, staff writer for Common Dreams. Published 12-11-2015

"Just a handful of large chemical companies including Dow and DuPont already control most of the seed supply used to grow crops like corn and soybeans, as well as the herbicides that genetically engineered seeds are designed to be grown with," said Wenonah Hauter of Food & Water Watch. (Photo: Desmanthus4food/Wikimedia/cc)

“Just a handful of large chemical companies including Dow and DuPont already control most of the seed supply used to grow crops like corn and soybeans, as well as the herbicides that genetically engineered seeds are designed to be grown with,” said Wenonah Hauter of Food & Water Watch. (Photo: Desmanthus4food/Wikimedia/cc)

Watchdog groups are sounding the alarm after two of the oldest and largest corporations in the United States—DuPont and Dow Chemical—announced Friday plans to merge into a $130 billion giant, thereby establishing the world’s biggest seed and pesticide conglomerate.

The new behemoth, named DowDuPont, would then be split into “three independent, publicly traded companies through tax-free spin-offs,” according to a joint corporate statement marking one of the the largest deals of 2015.

These companies would focus on agriculture, material science, and “technology and innovation-driven Specialty Products company,” the statement continues. Together, they would form the second-largest chemical company world-wide. Continue reading

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