Search Results for: bailout

Giants run the airline industry. Today, four airlines, American, United, Delta, and Southwest, control over 65 percent of the market. They achieved this level of dominance in just the past twenty years, with merger after merger cutting the number of major airlines left today into less than half the number that existed in 2000. The [...]

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Yesterday, the CEOs of Amazon, Facebook, Google, and Apple testified before the House Judiciary Antitrust Subcommittee in a hearing on “Online Platforms and Market Power.” As Congress takes up the question of market power in the tech sector, the time is ripe to consider the issue in our broader economy. For decades, corporations in a [...]

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Southern Ohio US Attorney Dave DeVillers has announced the arrest of Republican Ohio House Speaker Larry Householder in connection with “what is likely the largest bribery-money laundering scheme ever perpetrated against the people of the state of Ohio.” Lobbyists Juan Cespedes and Neil Clark, along with former Ohio Republican Party Chair Matt Borges and Householder adviser [...]

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Congress needs to act to restore the balance of power and prevent future administrations from undermining legislative intent and wreaking havoc on the lives of so many Americans that depend on a functioning immigration system. This means taking back the power of the purse when it comes to immigration benefits and creating Article I courts [...]

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The US Senate on Tuesday approved a new $480 billion coronavirus relief bill that includes additional funds for small businesses and hospitals short of supplies. This bill follows a $2 trillion stimulus that Congress passed on March 25. This stimulus provided low-interest loans to small businesses along with corporate bailouts and $1,200 to eligible-to-work Americans [...]

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The Coronavirus Aid, Relief, and Economic Security Act or CARES Act was introduced by Senate Republicans on Thursday in an effort to combat the economic impacts that our nations is feeling from coronavirus. The current proposal has sections providing for loan guarantees to impacted businesses, direct cash payments, increased testing, and vaccine development resources. The [...]

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The EU Court of Justice ruled Tuesday that the 2012 bailout of Banca Tercas by the Fondo Interbancario di Tutela dei Depositi (FITD) did not involve the use of state funds as the EU Commission investigation had determined. The EU Commission had ordered Italy to recoup €300 million of grants and guarantees that it claimed the government [...]

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Pacific Gas & Electric (PG&E) stated in a filing Wednesday that full compliance with a wildfire prevention court order would cost between $75 billion and $150 billion. The US District Court for the Northern District of California proposed on January 9 to require PG&E to re-inspect all of its electrical grid and remove or trim any trees [...]

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