Mergers Like Comcast-Time Warner Are NEVER Good For Customers

When one massive corporation merges with another massive corporation, the result is never good for customers. The spinmeisters can say what they will, but these mergers are not done to benefit customers, instead they are done to service greed. This is the capitalist formula: Grow, and grow some more, and then when it seems there’s no more growth potential, do whatever you can to grow yet again. And for many very large companies, it is the merger that has allowed them to continue to appease those shareholders. Comcast CEO Brian Roberts calls this a “pro-consumer” merger. “The combination of Time Warner Cable and Comcast creates an exciting opportunity for our company, for our customers and for our shareholders,” said Roberts in a media conference call. But that is a lie, as mergers like Comcast-Time Warner do not lead to lower prices and higher competition, they lead to the exact opposite, and that is hardly “exciting” for customers. But he is right about one thing, this is exactly what the shareholders want. These mergers are not about doing right by the customer, they are about doing right by the shareholders, and that includes top executive compensation.

• • •

Winter Storm Power Outages Reveal Problem For EVs

Yesterday the Philadelphia area was hit with an ice storm only thirty-six hours after a snow storm dumped as much as nine inches of snow in and around the city. The force of gravity combined with the weight of the wet snow and half an inch of ice proved too much for many trees in the greater Philadelphia area, resulting in what can only be referred to as “The Great Treepocalypse of 2014.”

• • •

Robert Reich Says We Should Set A ‘Maximum Wage’ For Top Executives

The minimum wage has not kept pace with inflation, this is a fact that not even Republicans attempt to refute, at least not that I’ve seen. But do you know what has far outpaced inflation? Executive pay. According to a Facebook post by former labor secretary Robert Reich, when minimum wage was first enacted in 1935 it was “intended to represent society’s sense of minimally decent pay.” Reich says at that time “executives were paid about 20 to 30 times the average wage.” But we all know what has happened over the decades.

• • •

Obamacare Anecdote Failure

In their Obamacare opposition, Republicans are now reduced to anecdotes based on misleading or false reporting, and in so doing, they are deceiving themselves. Because millions of Americans have now signed up for health care coverage under Obamacare, that means Republicans are left with their loose evidence and their bad intentions. And in many cases the evidence Republicans present is bad because it has been tainted by their own rhetoric, repeated ad nauseam on Fox News. It’s a self-fulfilling feedback loop. Tell people Obamacare is bad, and the people who listen to you will offer you the “evidence,” even though they never gave the process a good-faith effort.

• • •
1 11 12 13 14 15 34