Facebook sends Nick Clegg to rebut co-founder Chris Hughes' call for breakup

No surprises here. Facebook does not support the co-founder Chris Hughes' proposal to split the world’s largest social media company into three parts. Read the rest

Three national corporations control nearly all of San Francisco's live music

Jamie Zawinski (previously), who owns San Francisco's amazing DNA Lounge venue, does a postmortem on the announcements from Slim's and the Great American Music Hall that they have "partnered" with Golden Voice, a division of Anschutz Entertainment Group, a $8 billion company that is the world's largest owner of sports teams and events; owns Coachella and ten other large festivals, and is in turned owned by a Fundamentalist, homophobic, climate change denier. Read the rest

The majority of US workers live in "employment monopsonies" where there is little or no competition for workers

In Labor Market Concentration, a new working paper from economists at U Penn, U Navarra and the Roosevelt Institute, researchers analyze a large US government data-set to determine how many workers live in markets where there is effective only one or two employers, a situation called "monoposony" (when a single buyer has a monopoly). Read the rest