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.
Update: According to The Verge, Facebook has verified the authenticity of the screenshot below. In what appears to be an internal Facebook post, Zuckerberg defends his company’s ongoing association with Peter Thiel — Facebook investor/board member and major donor to white-supremacist/pro-rape presidential candidate Donald Trump.
The UK government says it wants to stop people under 18 from looking at pornography, and so it’s going to make all the porn sites operating in Britain collect some kind of age-verification in order to make this happen, on pain of being blocked by the UK’s Great Firewall.
Despite the denials of its new CEO, Wells Fargo had a serious, widespread cultural problem that led it to commit at least 2,000,000 financial crimes. But the crimes and the culture are widespread across America’s banks, and they spread further than that, because the system is rigged to reward financial crime.
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