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Dustlawyer's JournalAntitrust No Cure-All For Economic Ills, FTC Chief Says Share us on: By Melissa Lipman Law360, Ne
Antitrust No Cure-All For Economic Ills, FTC Chief Says
Share us on: By Melissa Lipman
Law360, New York (September 11, 2017, 6:41 PM EDT) -- Amid increasing calls for tougher antitrust enforcement to tackle concentrated industries, the Federal Trade Commission's Maureen Ohlhausen cautioned Monday that the Sherman Act is not the right tool to deal with income inequality.
After searching for a platform to appeal to voters on the losing end of rising income inequality, Democratic leaders called for a crackdown on market concentration as part of their "Better Deal" economic plan unveiled in July.
The line of thinking championed by high-profile lawmakers like Sens. Elizabeth Warren, D-Mass., and Chuck Schumer, D-N.Y., calls for a more muscular approach to antitrust enforcement against mergers and monopolies.
But Ohlhausen, the acting FTC chairman, warned in a speech Monday in Washington, D.C., against trying to wield the antitrust laws too broadly, saying that they are "not a panacea."
Paywall
https://www.law360.com/employment/articles/962752/antitrust-no-cure-all-for-economic-ills-ftc-chief-says?nl_pk=73c3d610-6425-4f72-8045-d1b8bf05ced4&utm_source=newsletter&utm_medium=email&utm_campaign=employment
The article goes on to quote from the Acting FTC chairman that that they have to approach dealing with this issue of income inequality with more "humility". She believes in "Economic liberty and regulatory humility." Trump has yet to name the chairman and 3 empty seats on the commission for the FTC.
Looks like we have another great wedge issue to use against the Republicans!
Why are Republicans going unchallenged by the media and still talking about
instituting massive tax cuts in the face of massive hurricane recoveries?
Shouldn't tax cuts be discussed only when the economy is humming and government revenue is up?
I know it is all about Donors, but it is frustrating to see the need for tax cuts go unchallenged by the corrupt, advertising driven corporate media.
FEMA deadlines and tips for Texas and Florida!
I took a webnar yesterday, but left my notes at the office. The biggest take-aways are:
1. Most of the deadlines are 60 days from the event/damage (filing claims with FEMA and the Small Business Administration (SBA);
2. Shortage of FEMA staff means they will give up to $20,000 without a visit. The attorneys emphasized taking pictures of everything before, during, and after. They said "document, document, document." FEMA will follow up later and expect to see the documentation and that the money was spent FOR WHAT IT WAS SUPPOSED TO BE SPENT FOR!
3. The FEMA cap is now $33,300 which includes any money or rent paid, anything you get;
4. The SBA is the biggest flood aid and does more than just small business loans. Disaster unemployment and food stamps too. Everyone should apply to them as well. Generally the less your income and worse your credit the lower your interest rate. Really good for self-employed and small business, but also employees;
5. Check your area's legal aid when you get denied. They said that FEMA frequently denies against the rules so "...all you do is site the correct rule and you win."
Wish I had more, but your State Bars of Florida and Texas will have this information on their websites.
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