#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...
"Even if you have health insurance, you might expect to be charged a copayment for some routine care, like office-based exams and consultations. But you probably don’t expect to receive a bill a few weeks later charging you an extra $100 or more...In most states, a 'hospital facility fee' can legally appear on your bill if your doctor is affiliated with a large hospital system — even if you never set foot on the hospital’s campus."
In Doctors for America, we've launched a campaign against greed in healthcare. Sign on here and share with your friends: https://doctorsforamerica.org/action/.
US Oil producers withheld prod. to DRIVE UP OIL PRICES BY COORDINATING WITH #OPEC.
-h/t M Stoller
Exxon is set to close its $60B deal for Pioneer following an agreement with #antitrust enforcers not to add fmr Pioneer Chief Exec Sheffield to its BOD.
Sad, financial giants like Schwab, prefer #MAGA & #TFG to Pres Biden & Dems, because of tax cuts, more deregulation..., even though #democracy will end & chaos will ensue:
"Schwab Charity Funnels $250 Million to Right-Wing Causes
Money flows to conservative activist Leonard Leo’s network
85 Fund backs groups against trans rights, diversity programs-."