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Open thread April 28, 2017

Dan Crawford | April 28, 2017 6:59 am

Tags: open thread Comments (2) | Digg Facebook Twitter |
2 Comments
  • Denis Drew says:
    April 28, 2017 at 9:30 am

    Illinois dentists haven’t been paid by the state for years

    “Dentists have joined the chorus of vendors calling for the state to pay its bills. Meantime, they want permission to charge patients who are on the state payroll upfront.”

    http://www.chicagobusiness.com/article/20170427/ISSUE01/170429865#utm_medium=email&utm_source=ccb-morning10&utm_campaign=ccb-morning10-20170428

  • Denis Drew says:
    April 28, 2017 at 10:27 am

    Towards Democratic Regulation of the Airline Industry
    Matt Stoller

    “Now people are realizing that airlines are still regulated — they are simply regulated by giant corporations and self-serving financiers. They are regulated by a few airline CEOs, who choose routes, capacity, and ticket prices, as they alone see fit, destroying the economic viability of cities in quiet board rooms.”

    “In fact, deregulation didn’t do what its proponents claimed. A 1990 study by the Economics Policy Institute study showed that deregulation actually kept airline prices higher than they otherwise would have been … ”

    “The result? Today, U.S. airline prices are higher than in Europe, service is far worse, and workers in the airline industry have much less power than they did. The regulatory changes and consolidation affects us not only as “consumers.” They have also made it much harder to get to and from many parts of America, including big cities like Cincinnati and St. Louis. As air service is cut, business moves out, shifting corporate headquarters and industrial activity to better connected coastal cities.

    “Even when airline managers try to compete with one another, Wall Street fund managers veto the attempt. A few years ago, Jet Blue drew up a strategy to compete aggressively on both price and quality with the major carriers. CEO David Cush said his goal was to “make a few hours out of people’s day a little bit nicer, more pleasant.” Wall Street analysts immediately attacked the company, and pressed Jetblue to charge for legroom, extra bags, and reservation changes. Jetblue caved.”

    https://medium.com/@matthewstoller/towards-democratic-regulation-of-the-airline-industry-486647bd652f

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