A fishing conglomerate created a fake company to facilitate a merger. It could now be on the hook for billions of dollars.
Luke Goldstein
Luke Goldstein is a writing fellow at The American Prospect. He previously worked as a reporter/research associate at the Open Markets Institute and interned at Washington Monthly.
Posted inMoney, Politics, and Power
Big Business Has Come for Your Baseball Cards
Fanatics, the self-described Amazon of sports, has used long-term exclusive deals to monopolize apparel and memorabilia markets, and make its products unavoidable.
Posted inMoney, Politics, and Power
Defense Department Submits to Microsoft’s Profit-Taking
The forced upgrade to Microsoft’s E5 productivity apps, ostensibly for cybersecurity reasons, is an example of the software giant’s insinuation into government tech systems.
Posted inWorking in America
Senators Allege That Amazon Lied to Them About Delivery Drivers
In a bipartisan letter, the senators say that Amazon was misleading about whether it controls aspects of work at its third-party transportation partners.
Posted inEconomic Policy
Three Algorithms in a Room
A growing number of industries are using software to fix prices. Law enforcers are beginning to fight back.
Posted inPolitics
End of the Line for the New Jersey Machine?
A primary election for Rep. Rob Menendez Jr., son of the indicted senator, will test the power of party bosses in the Garden State.
Posted inWorking in America
Has Organized Labor Finally Cracked the South?
Unions are winning unprecedented victories in the most anti-labor region in the country. But much remains to be done.
Posted inMoney, Politics, and Power
How Live Nation’s Monopoly Works
A Justice Department lawsuit alleges a repeated strategy of intimidation tactics, retribution, and all-around thuggish behavior.
Posted inEconomic Policy
The Raiding of Red Lobster
The bankrupt casual restaurant chain didn’t fail because of Endless Shrimp. Its problems date back to monopolist seafood conglomerates and a private equity play.
Posted inPolitics
Money Misses the Mark in Maryland
Despite spending $62 million of his own fortune on the Democratic Senate primary, Rep. David Trone lost last night to county executive Angela Alsobrooks.