Authored by Ryan McMaken via The Mises Institute,
In the wake of the United Airlines debacle - in which the airline had airport police assault one of its own customers - customers have begun to ask why there doesn't seem to be more competition for United to contend with. They ask: would United treat its customers so poorly if they had more competition?
Maybe not.
Is the Airline Industry Competitive?
Authored by Guy Milliere via The Gatestone Institute,
Authored by Mish Shedlock via Mish Talk,
Benedict Evans, a blogger who works for a venture capital firm that invests in technology, has an interesting article on the shift to electric and self-driving vehicles.
Please consider snips from Cars and Second Order Consequences by Benedict Evans.
Shortly after we remarked most recently on the unprecedented Canadian housing bubble that has migrated from Vancouver to Toronto, Gluskin Sheff's Chief Economist David Rosenberg joined the growing chorus of calls for government intervention into the Toronto housing market. In an interview on BNN, Rosenberg, who correctly called the U.S. housing bubble in 2005 when still at Merrill Lynch, said the massive deviation from historical norms has him drawing comparisons between the two situations.
Luxembourg-based JAB Holdings, the acquisitive owner of Caribou Coffee, Peet's Coffee & Tea and Krispy Kreme, confirmed swirling speculation this morning when it announced it would acquire U.S. bakery chain Panera Bread for $315/share - a 20% premium - in a deal valued at about $7.5 billion. If completed, the transaction would mark the largest M&A deal for a US restaurant company, and the second-largest in North America after the 2014 acquisition of Tim Horton's.