The Incoming Biden Administration i thought we should begin with kind of the big picture that you lay out in the book when people hear the title they might say of course. I think many people may not fully understand. Taking the time to talk about this book and thank you to cspan for having me here to talk about it as well. That isnt a surprise for anyone but what has been happening over the last several decades is our economy has been highly concentrated and theres been consolidation on an ongoing basis in every sector of the economy so we hear a lot about but not only are we talking about food or agriculture in the industry you will have a monopoly problem and im also talking about the duopoly is there are harms that flow from this that i want to highlight to help them understand what it means for their everyday life and how it affects them. As you write about, it is the Cable Service and industries. Can you talk about how we got to this point you sort of explain in the book that ther
Sally hubbard thank you for coming on to discuss monopolies suck it is timely because the issue you write about in the book with us economy and the impact on workers and citizens is a hot topic at the moment with policymaking right now and it could play a big and the Incoming Biden Administration so i thought we should look at the big picture you lay out in the book when people hear the title no one likes monopolies are dealing with monopolies but really this book is about a bigger issue that the economy people may not fully understand. s so can you set the scene and describe what you see happening . Thank you for taking the time to talk out the book in cspan2 have me talk about it as well. We all knowonopolies suck. Thats not a surprise to anyone but what has been happening the last several decades is t economy is getting highly concentrated with consolidation that leads to every major sectoof the economy. We hear about whether techr food in the industry all have monopoly problems tal
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The nasdaq just inches up. 2 . It spent a lot of time being way down of what a very ugly swoon the house of pain. I get it values is lagged investors are dumping gross stocks at some point today it is pretty much breathtaking fashion. Someone watching these rotations coming and goes over decades of observations tell me how it works well before we gotten the opening bell around 4 00, 4 15 every stock seems to be indicated higher it looks like a big broad base movement that could reverse a huge chunk of last week selloff between five and six being led by tech. There is just one problem. Inge investors have no idea whats coming in the next 48 or 72 hours or however long it takes to count the vote. Everyone is sick of the election they want to make some money in spite of it not because of it. I dont think anything will withstand the fire in the actual Election Results at least not the short term. Traders are determined to make money everyday they are refused to be deter by the virus or the
Germans to stay at home. Was. Easier than voters reward system draw done for decisive Coronavirus Response on course for a red outright majority. Welcome to the program in the last hour a new humanitarian ceasefire has come into effect between armenia and azerbaijan it comes a week off to russia brokered a cease fire which failed to stop the fighting in the disputed nagornokarabakh region which is internationally recognized as part of azerbaijan but is run by Ethnic Armenians it also follows a missile strike on the city of gunja which killed 13 civilians 2 of them babies. Abdelhamid reports now from baquba the capital of as of by john. It was a city asleep when the explosions ripped through the quiet of the night and ganja people here were already on edge their hometown has come under fire several times since the conflict was reignited 3 weeks ago. This attack was the most devastating so far so. Weve been living in fear for days we couldnt sleep at night we hid but that was no use were