The DoJ has filed suit to block the merger of US Air and American Airlines, because they've noticed that while the airlines' executives publicly gave the reason for the merger as "synergies" and efficiency, they told the industry that the merger would allow them to jack up prices and charge more fees. Pictured to the right, Scott Kirby the US Air President who took to the podium at a conference to say it was "impossible to overstate the benefit" of the new fees he'd be able to charge after a merger.
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The suit hearkens back to the time in 2011 when US Airways President Scott Kirby said that industry consolidation had made it possible for airlines to then successfully complete three airfare hikes that year, reports the Associated Press’ Scott Mayerowitz. And then in 2012 he spoke at an industry conference, saying it’s “impossible to overstate the benefit” of mergers in giving airlines the ability to impose new fees.
Legalist is a startup founded by Thiel Fellow Eva Shang and Christian Haigh, backed by Y Combinator: it will use data-mining to identify people who have been legally wronged by deep-pocketed aggressors and offer to finance their litigation in return for a share of the winnings.
The new Ikea Catalog is making a big bet on very small living spaces — the kind of place that costs more than half your monthly salary but is too small for a dinner-table, let alone a separate room for your kids, who are supposed to sleep in a bunk-bed in the living room (“Why […]
Retired Brigadier General John Adams served for 30 years, including a stint as a military intelligence officer: in an op-ed in The Hill, he says that while he supports trade deals, the secretive Trans Pacific Partnership has almost nothing to do with trade, and will hasten America’s de-industrialization, making it harder for the US military […]
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