Posted in Main Blog (All Posts) on February 21st, 2013 12:09 am by HL
Matthew Yglesias, Slate
Time to shed a tear into your tiny plastic cups of tomato juice, because the merger between US Airways and American Airlines announced last week marks the end of the era of cheap domestic airfares. Thanks to Northwest’s takeover by Delta, Continental’s takeover by United, and AirTran’s takeover by Southwest, and now this, four giant airlines will soon control about 70 percent of the American market.* That’s not exact a monopoly situation, but it does mean that the 30-plus year run of robust competition and ever-falling airfares is almost certainly…
Obama’s Sequestration Strategy: Shame
Brown & Sherman, Politico
President Barack Obama’s sequester strategy is all about one word: shame. With the parties at an impasse on stopping across-the-board budget cuts set to hit March 1, the White House is prepping another multimedia, cross-country drive to stoke public outrage against congressional Republicans.