Merger and Acquisition Leads to Monopoly

What if there was just one phone company, one television service provider, and one company owning all the supermarkets? Do you believe that prices would be lower or higher?

This proposed $48 billion merger of AT&T with DirectTV along with the proposed Comcast-Time Warner Cable merger will enable two very large companies to become even bigger. The benefit will be reduced competition for the newly formed businesses. The impact will be higher cost cable and satellite TV service for the public. Unless the public is very vocal these mergers will be approved. The company lobbyists will begin making their rounds to congressional offices starting now. Every congressman needs to be scrutinized before the next election.

AT&T is a relatively small player in its offering called U-Verse television service. Their acquisition of DirectTV will make them a major participant in the TV service business. AT&T claims this will in no way reduce competition. That is the same argument Comcast makes in its proposed purchase of TWC. The consequences are more significant than merely permitting two or three companies dominating the delivery of television services.

There will be less competition and the decisions those companies make will determine the programs you watch.

Interestingly Morningstar, the on-line evaluator of stocks and bonds, does not believe there is any financial or strategic benefit in the AT&T acquisition.
“The biggest benefit to AT&T from this deal would be increased leverage in negotiating with content owners like Disney. By highlighting the fact that other pay television providers need to keep pace with Comcast and putting its own deal forward, AT&T is forcing regulators to consider a world with significantly increased concentration in media distribution.”

Consumer Reports lobbying arm, Consumers Union, says that neither of these consolidations are good for consumers.

Both Federal Communications Commission and Department of Justice must approve this merger. The Washington Times reports that every single member of the Senate Judiciary Committee, holding hearings on the Comcast purchase of TWC has taken money from Comcast.

So if you were betting on the approval of that purchase, what do you believe the outcome will be?

Freedom of Speech is Under Attack

This is about fear.  We must never say anything that will alienate any group.  It’s about political correctness.  Where are the moderate Muslims?

I did not attend Brandeis University. I am a graduate from Penn State.  I always thought Brandeis University is the school where all ideas can be expressed. 

About Brandeis on its web site: The name Brandeis was not chosen by accident. Our founders sought to name the university after an individual of impeccable moral fiber, leadership, intellectual ability, integrity and social conscience. The name that stood out was that of the late U.S. Supreme Court associate justice Louis D. Brandeis.

Ayaan Hirsi AliA few weeks ago Brandeis University took the step of dis-inviting Ayaan Hirsi Ali from giving a talk at the forthcoming commencement ceremony on the grounds that the faculty who had protested her appearance had pointed out that she was not simply critical of Islamic practices, but blamed the religion of Islam itself for the kind of backward positions many Islamists took. Explaining her shock at the Brandeis position, Hirsi Ali gave the following statement to Time magazine:

“I assumed that Brandeis intended to honor me for my work as a defender of the rights of women against abuses that are often religious in origin. For over a decade, I have spoken out against such practices as female genital mutilation, so-called “honor killings,” and applications of Sharia Law that justify such forms of domestic abuse as wife beating or child beating. Part of my work has been to question the role of Islam in legitimizing such abhorrent practices.”

Source: http://pjmedia.com/ronradosh/2014/04/26/aayan-ali-hirsi-the-islamists-and-the-question-of-free-speech-in-the-academy/

The Economist calls this “Enlightened intolerance.”

Salon.com says “Ayaan Hirsi Ali and the dangerous anti-Islamic logic of the war on terror.”

“It is difficult to conceive of a braver woman alive today than Ayaan Hirsi Ali,” said James Kirchick in The Daily Beast.com. Born into a Muslim family in Somalia, she was subjected to genital mutilation as a child, fled to the Netherlands to avoid a forced marriage, and became an outspoken critic of Islam, and Its treatment of women. Death threats followed, and she had to go into hiding after a Muslim fanatic murdered a filmmaker with whom she had worked and warned her that she was next. Now living in the U.S.under 24-hour police protection, Hirsi Ali remains “a heroic example to women around the world”-but not to Brandeis University. Last week, under pressure from Muslim groups, Brandeis canceled plans to award Hirsi Ali an honorary doctorate, claiming that her attacks on Islam went against the uni­versity’s “core values.” It was another depressing example of the “thought police” on college cam­puses squelching free speech.

“Brandeis got it right,” said Rabbi Eric Yoffie in HuffingtonPost.com. An honorary doctorate would have been an endorsement of Hirsi Ali’s deplorable views. She has said that “violence is inherent in Islam,” and called the entire reli­gion a “destructive, nihilistic cult of death.” She doesn’t even distinguish between moderate and radical Muslims. “As we Jews know, there are real consequences when entire populations are represented in the public imagination by their worst elements.” But Brandeis has honored controversial figures before, said William Kristol in The Weekly Standard. Previous recipients include playwright Tony Kushner, who once labeled the creation of Israel “a mistake,” and Archbishop Desmond Tutu, who has compared Israel to Hitler. Is there one rule for critics of Judaism, and another for critics of Islam?

One group has remained shamefully quiet over the muzzling of Hirsi Ali, said Jeff Jacoby in The Boston Globe: liberal feminists. They call opposition to employer-provided contraceptives “a war on women.” But “the savagery of honor killings or child marriages”? It does not stir their outrage. Brandeis should have followed Colum­biaUniversity’s example, said Robin Abcarian in the Los Angeles Times. When Iranian leader Mahmoud Ahmadinejad was invited to speak there in 2007, Columbia’s president let him-but only after denouncing his most offensive views in interviews, statements, and the introduction to his talk. The best response to offensive speech isn’t censorship-it’s “more speech.”

David Bancroft

What’s Wrong with Los Angeles?

The answer is simple. Our elected officials take no chances. Their primary objective is re-election.The majority of electorate doesn’t care who holds office as long as it is a Democrat. Thus the city and county continue down the same beaten path.  I am not alone in my opinion.

The mayor started his administration with a bang by discharging department heads that did not meet his performance expectations.   More here.

Racist or Bigot?

Everyone is calling Donald Sterling a racist. I have heard his rants numerous times. I would have called him a bigot. I have heard the words of a bigot. At least I thought those people were (probably still are) bigots.

 

So what’s the difference?

From the American Heritage Dictionary

Racist

1. Believes that race accounts for differences in human character or ability and that a particular race is superior to others.

2. Discrimination or prejudice based on race.

Bigot

One who is strongly partial to one’s own group, religion, race, or politics and is intolerant of those who differ.

Hmm, So when I said to a friend (not anymore) “You are a bigot” after he told me of his hatred for Blacks, Mexicans, and Jews, should I have said you are a racist?

Eric Zorn writing in his Chicago Tribune blog posted this thought:

It’s prejudice when Mr. Smith feels unhappy when Mr. Johnson moves in next door because he doesn’t like Mr. Johnson’s skin color or ethnic identity.

It’s bigotry when Mr. Smith refuses to invite Mr. Johnson into his home or offer him friendly waves of greeting.

It’s racism when Mr. Smith uses threats and intimidation to attempt to drive Mr. Johnson and his family out of the neighborhood.

Without fail, every person I have known that is a bigot denies that he holds any hatred for anyone. Sterling sees nothing wrong with his words or deeds

Donald Sterling is both a bigot and racist.

Los Angeles Union Station Reaches 75

LA Union StationIt was August 1948 when I arrived in Los Angeles. My first view of this city was the parking lot lined with the tall Mexican Fan Palm trees.   Thousands celebrated the 75th anniversary of the iconic Union Station in L.A yesterday. I was there once again.

It’s not the most beautiful building but for many it evokes memories. If nothing else the anniversary celebration provoked a cleaning and polishing of the facility. Recent add-ons to the station have made it a far more attractive site.

Public transportation has received a very big boost in Los Angeles over the past 20 years. This facility has become a significant transit center for that development. Freeways have not provided the transit solution that many believed would be the future for this metropolitan area.

More photos on Los Angeles Photo Gallery link.

Middle Class and Working Class Have No Voice

“Total nonfarm payroll employment rose by 288,000, … the number of unemployed persons, at 9.8 million, decreased by 733,000.” These statements were copied from yesterday’s Employment Situation Summary issued by the U.S. Bureau of Labor Statistics.

The difference of 445,000 are the former workers who have decided to stop looking for work. The issue is not what their source of income will be. The issue for this discussion is the .4% drop in unemployment. At 6.3% the Federal Reserve can now say the goal of 6.5% has been achieved. We can now further reduce our bond buying (quantitative easing) program. The program goal is to keep interest rates low as an aid to business to encourage borrowing.

Did private enterprise respond as desired? It appears business saw the advantage of outsourcing manufacturing to other nations as the preferred business choice.

Congressional actions did not support the Federal Reserve. Rather than imposing taxes on companies that outsource or providing funds to build infrastructure congress did nothing.

Many reading this believe that congress did the right thing by not taking any action. That is the reason our economy is in its current condition.

The rich are happy! The poor? Well, they have no voice.

Can a Jewish state exist?

The issue is can a Jewish state exist? In other words, can there be a country where the majority of the population is Jewish? It was the intent of the United Nations in 1948. However, currently the birth rate of Jews versus Arabs living in Israel makes the country not indefinitely viable as a Jewish state. As I understand the current situation only about 75% of Israel is composed of Jews. If the native birth rate of citizen Arabs is 3 to 2 for that of Jews the time will come when the Arabs will out number the Jews. When that happens and Jews control the nation there will be Apartheid.

Criticizing John Kerry for his impolitic statement does not change reality. US secretary of state sparked outcry when he said country risked becoming an ‘apartheid’ state without a peace deal. Of course Jewish leaders are fuming over remarks made by U.S. Secretary of State John Kerry. Discount Ted Cruz and others who see John Kerry’s comment as an opportunity to obtain donations for political campaigns.

From http://www.ynetnews.com/articles/0,7340,L-4327295,00.html

“The number of Jews and Palestinians living between the Jordan River and the Mediterranean will be equal by 2016, according to estimates by the Palestinian Central Bureau of Statistics (PCBS). According to the data, there are currently 11.6 million Palestinians across the globe.

According to the PCBS, by 2016 there will be 6.5 million Palestinians and a similar number of Jews in Israel. By 2020, the Palestinians will outnumber the Jews – they are estimated to number 7.2 million compared with 6.9 million Jews.”

From http://www.israelnationalnews.com/News/News.aspx/172925

“Israel: Jewish Birth Rate Continues to Rise”

“CBS report says Jewish birth rate is highest since 1995. Hareidi society younger than ever, Muslim birth rates still higher but falling.

By Adam Ross

Israel’s Central Bureau of Statistics has published a report entitled “the Face of Israel”, with a long list of statistical data from about the various different sectors in Israeli Society. The report includes data on the varying trends in the number of births within different groups in Israel. The Jewish birth rate which was measured at 2.98 – was the highest it has been since 2.53 recorded in 1995. Muslim women in Israel continued to have more children than Jewish women, although the figures showed the birth rate in the Muslim community had fallen to 3.51, down from the 4.71 measured in 2001.”

 

Israeli Prime Minister Benjamin Netanyahu
Israeli Prime Minister Benjamin Netanyahu

This is a painful reality for Jews around the world who had dreamed of a Jewish homeland. The idea was and is that there ought to be a country where Jews would not be subject to discrimination based upon their religion. The State of Israel has been the closest scenario that replicated the dream.

Israeli Prime Minister Benjamin Netanyahu is determined to sustain the dream. Others in Israel are equally determined. Only G-d knows if this Jewish nation will survive. Even the non-religious Jews will pray for Israel’s survival.

David Bancroft

Comparing the Ming Dynasty to America’s Decline

What the collapse of the Ming Dynasty can tell us about American decline

Everyone likes to compare the U.S. to Rome, but this 16th century superpower is a far more salient comparison

 

By Noah Smith/THE WEEK | March 6, 2014

Broken Flowers – A Really Bad Movie

Broken Flowers Netflix description: “After being dumped by yet another girlfriend, serial bachelor Don vows he’ll be alone forever. But when an anonymous letter informs him he has a 19-year-old son, Don sets out on a cross-country journey to confront his past — and a few old flames.”

This movie stars Bill Murray, a well known and capable actor. Why he agreed to take this role is a mystery to me. He must have needed the money. The movie starts out with an interesting puzzle. Does the protagonist really have a son? Who is the mother? His search for the answer brings no answer to those questions and does bring the viewer to wonder what purpose this movie serves. Nothing is revealed about his past girl friends and nothing is revealed about Don.

My daughter’s boy friend said he thought it is a comedy. I thought think it is a waste of film and talent.

Collusion – The Near Monopolies Control so Much of America’s Private Enterprises

Collusion: Synonyms are conspiracy, complicity, involvement, agreement, knowledge, consent, approval.  Which of those words defines the U.S. congressional responsibility for just five major banks controlling most of this nation’s economy? 

The United States government is a partner in the near monopoly of private enterprises that permeate our society. Don’t believe me? Read on.

Do you suspect there is price fixing in the price of gasoline in the United States? Here is a list of the major companies in the USA.

USA
76 Stations
BP (Arco)
Chevron
Conoco
Exxon
Mobil
Phillips 66
Shell
Texaco

In your neighborhood the prices are never more than a few cents apart.

How difficult would it be for Chevron, Mobil, Shell, and Arco (the stations in my area) to meet discretely on a golf course and agree on the pricing? The answer is it wouldn’t be too hard.

Few companies have a true monopoly in any market. More common are “virtual monopolies” or “near-monopolies” that exist due to geography or brand recognition. When consumers hear the term monopoly, the first thing that comes to mind is often price-fixing. Unfortunately they are correct. Jello Brand gelatin desert has a near monopoly. Intel processor chips had a near monopoly in PC computers. Bill Gates and his immediate inner circle earned an over the top fee for his Office programs. To this day he is still either the richest man in the world or nearly so.

Read more: http://www.businessinsider.com/the-next-7-american-monopolies-2010-11?op=1#ixzz2zgO5D4Lj

During the Senate hearing on Comcast’s takeover of Time Warner Cable, Sen. Al Franken said the cable giant has over 100 lobbyists making its case. That is one lobbyist for every senator. Consumers Union says over 264,000 people have sent messages to congress asking that the merger be stopped. Comcast current share of the cable industry is estimated at 30%. Time Warner Cable current share of the cable industry is estimated at 19%.

The Kroger Co. is a major retail food market company that simply keeps growing larger and larger. The company is based in Cincinnati, Ohio. This is the latest posting on their web site. “We are delighted to welcome Harris Teeter to the Kroger Family of Stores.” That company owns Thumb Stores; Heritage Farms Dairy; HarrisTeeter Supermarkets, Inc. That company has stores in North Carolina, South Carolina, Virginia, Georgia, Tennessee, Florida, Maryland and Delaware. With the exception of Maryland and Delaware, Kroger already has Kroger stores in those states. So whether you shop at Harris Teeter or Kroger you are shopping at the same company. Kroger ownership is widespread under a variety of names: Kroger, Dillons, Fred Meyer, Fry’s, QFC, Ralphs, Food 4 Less, Smith’s, and now Harris Teeter. This is not a complete list. Kroger Co. also approached Safeway about buying part of its operations. Kroger’s share of the entire retail food sales is unknown but the company has the largest share of the U.S. market.

Ticketmaster competitors are nowhere to be found. The company seems to have a lock on all sales of tickets for concerts, live theater, and sporting events. As an Example I logged into the Hollywood Bowl/Los Angeles Phil and found the web site’s basic address is Ticketmaster.com. Their fee is 8% to 10% of the price of the tickets. The only option to avoid the fee is a visit to the box office. There is no alternate sales agent. Ticketmaster had a more or less monopolistic position in the ticketing market after the purchase of its main competitors Ticketron and Live Nation.

LensCrafters is owned by Luxottica Group S.p.A. That company is the world’s largest eyewear company, controlling over 80% of the world’s major eyewear brands. Its best known brands are Ray-Ban, Persol and Oakley. This company was featured in a 60 Minutes program. The company owns

Eyeglasses that are either plastic or wire frames cost almost as much as a computer.

Everyone is a victim! Our elected government is a partner in this crime!