Amazon’s bullying of the book publisher Hachette and the uninvited bid by Rupert Murdoch’s 21st Century Fox to swallow rival TimeWarner has caused some economists and commentators to ask, why are such aggressive moves not attracting the attention of the Justice Department’s trust-busters? Both moves are textbook examples of how monopoly power can abuse -- or so they would have seemed not long ago.
The Great Debate
Dr. Kent Brantly, an American physician stricken with Ebola, was evacuated this weekend from Liberia to Emory University Hospital in Atlanta, where he will receive treatment for the deadly virus. His colleague Nancy Writebol, also infected with the Ebola virus, returned to the United States on Tuesday. But many Americans have expressed outrage over transport of these Ebola patients into the United States.
I work at a McDonald’s franchise, but the corporation is my boss.
McDonald’s may say it’s not — and argue this point before the National Labor Relations Board. But the corporation sure acts like one. It sets the rules and controls just about every aspect of our franchise.
George Tenet, who presided over the CIA when terrorist suspects were waterboarded and subjected to other forms of brutal “enhanced interrogation,” has set himself a near-impossible task. He is leading an effort to discredit an impending Senate committee report expected to lay out a case that the intelligence agency tortured suspects and then misled Congress, the White House and the public about its detention and interrogation program.
How expensive are those everyday low prices? How much do things really cost on that fast-food restaurant’s dollar menu? The answer is more than you think, but maybe not for the reason you think.
The mounting student debt crisis could cause serious economic damage to the United States. Rising college costs and declining financial aid at both state and federal levels have significantly contributed to the problem. A good deal of responsibility, however, belongs to the financial institutions that service federal student loans, according to a new report.
As the European Union and the United States ramp up their sanctions on Russia, President Vladimir Putin’s plans for retaliation seem to include an attack on McDonald’s. There could not be a more powerful symbol that geopolitics is increasingly undoing the globalization of the world economy.
The worst-ever outbreak of Ebola is spreading out of control in Guinea, Liberia, Sierra Leone, and now Nigeria, where almost 700 people have already died from the virus. Healthcare workers caring for Ebola patients have themselves fallen victim to the disease, including two American physicians.
No one has admitted responsibility for firing the sophisticated missile that brought down Malaysia Airlines Flight 17, killing 298 people over Ukraine on July 17. But untrained rebels could probably have done it with a little practice. There are even instructions online, making it possible for nearly anyone who comes into possession of one of these systems — anywhere in the world — to use it.
By Rob Cox
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.