Private Utility Monopolies Serve Shareholder Profits. Let’s Make Power Public.

March 9, 2020 - 1:11am

Consider a hypothetical corporation that has a monopoly over millions of people, providing a service that is indispensable to its customers. If it raises prices, customers have no choice but to pay those prices. Recognizing this, the government imposes some regulation. It cannot set arbitrarily high prices, but it negotiates with the government to obtain prices that guarantee a steady profit rate.

Presidential Candidates: Disclose Your Nondisclosure Agreements

March 9, 2020 - 12:48am

“Kill it.”
That’s what former Democratic presidential candidate and former New York City Mayor Michael Bloomberg is alleged to have said to Sekiko Sakai, a Bloomberg LP employee, after she told him she was pregnant. While the conversation took place in 1995, it’s a topic of conversation now because of the nondisclosure agreement (NDA) Sakai signed after bringing a lawsuit against the company.