#Algorithms are generally bad, esp. for workers, but good for corporations:
Variable pricing (surge pricing) has a much more insidious effect on workers than on consumers. When a worker is selling their labor… it's about their ability to survive.
Hospitals have begun using apps to allocate tasks based on⬆️sophisticated calculations of how workers move thru space & time -fastest nurse -not necessarily the best at sanitation or skill.
Florida is home to #corruption, & their lawmakers enable it. FTC CHM Khan is protecting for consumers.
The FTC will likely to allege that Southern Glazer’s has been providing “secret kickbacks” to large retail customers & violating the 1936 Robinson-Patman Act.
The co distributes alcohol for >7,000 brands in 44 states. It serves as a middleman b/w alcohol producers & the liquor stores that consumers buy from. The co reported $26B in revenue in 2023.
"Lying is 2nd nature to tech execs. If you always assume they're lying, you'll be right far more often than you're wrong."
-R McNamee
"OpenAI publicly committed to give 20% of its computing resources to a team dedicated to controlling the most dangerous kind of AI -never delivered, &, in fact, repeatedly denied that team's requests for resources, sources say. OpenAI is prioritizing product launches over AI safety."
Even in blue states, corporations that promise jobs & economic growth, dictate the rules, which frequently means low pay & few regulations:
Amazon gets $137M in NY State welfare.
In violation of state open records laws, the secretive state Subsidy Board waived rules on hiring & prevailing wages.
We're thankful for Jamie Raskin's leadership, but #BigOil won't be held responsible for their egregious anti- #climate activity, unless Dems win a majority in the HSE, & hold the Sen. & presidency:
The top Dem lawmaker on the House oversight panel has sought information from nine oil companies about a media report about "quid pro quo propositions" made by Trump. In letters to CEOs of companies including: Exxon, Chevron & Chesapeake.
#UniversalHealthcare is necessary for Americans' wellbeing & survival. Profiteering off poorer health outcomes for the insured is...
If you're enrolled in an Aetna MDCR Advantage plan:
WS isn't happy with Aetna’s parent, CVS Health. CEO admitted: paying more claims than usual. CVS execs have promised to do whatever it takes to get profit margins back -likely: Aetna will: refuse to cover some treatments & meds,⬆️your premiums next year, & might dump you.
Private Equity loses a deal in California, which is good news to PG&E customers, but it's a rarity:
California PUC rejects PG&E plan to spin off 5.6 GW in non-nuclear assets. PG&E failed to show the proposed transaction meets “even the minimal public interest standard,” the PUC said in its decision. Among other things, there'd be decreased legal accountability for PG&E’s safe & reliable operation of the generating assets, the PUC said.
20% of American business is now controlled by private equity *draining $B's out of our economy every week to stash in the money bins of its morbidly rich owners...
PE reps. capitalism run amok (cancer stage) & it can be deadly. PE acquisitions of nursing homes led to an est. 20K premature deaths.
The Biden admin has taken some tentative steps, but Republicans...