Monopoly Busters co-chairs, led by @RepAngieCraig, demand answers from @Uber and @lyft after @ConsumerReports caught them using dynamic, surveillance-based pricing to secretly scam and exploit passengers.
@MonopolyBusters Chairs on @JusticeATR waving through Paramount-Warner:
"This antitrust nightmare is exactly the kind of corporate power grab our laws were written to stop. The Trump administration has made it clear whose side it’s on and it’s not yours." Full statement below.
We know the ~50% rise in youth sports costs over the last 5 years didn’t come out of nowhere: private equity rolled up sports to squeeze kids and families for every dollar they could. The Let Kids Play Act is simple: it goes right after the vulture investors and their practices pricing families out.
This week I introduced the Let Kids Play Act with @RepDeluzio to get private equity out of youth sports.
It's simple - kids sports should be about kids and what's best for them, not jacking up costs to make money for investors.
The cost of playing youth sports has risen 46% in just 5 years. Kids and families shouldn't be collateral damage in this private equity takeover. @ChrisMurphyCT and I have a bill to fix this 👇
https://t.co/rLXIhJ4zFw
"We see big money vultures that have turned youth sports into a luxury item. It prices families out. It makes it a ripoff," says @RepDeluzio.
"We are introducing the Let Kids Play Act to ban private equity from youth sports."
Americans are getting nickel-and-dimed by greedy corporations in almost every purchase they make – and even in kids’ sports.
I’m supporting the Let Kids Play Act to get the private equity and corporate investors that are driving up costs out of kids' sports, and ensure that ALL kids can play.
NEW: A federal bill would ban private equity firms from investing in youth sports, specifically targeting "vulture practices" like consolidation, bundling and stay-to-play.
In announcing the bill, lawmakers repeatedly called out Black Bear Sports Group. https://t.co/YPguPQt9ch
No kid should have to quit a sport because private equity has made it too expensive.
Great to see this bill from @RepDeluzio and @ChrisMurphyCT take on the vulture investors preying on families.
BREAKING: A bill has been introduced in the House and the Senate to ban private equity from youth sports.
@ChrisMurphyCT and @ChrisForPA have introduced the Let Kids Play Act to bring down the cost of youth sports for families.
Kids' sports should be for every kid who wants to play—but private equity has been driving up costs and turning youth sports into a luxury item. @ChrisMurphyCT and I have a bill to stop these vultures from ripping off families across America: https://t.co/OZtVDyncID
We've got to get corporate power out of youth sports so they’re no longer a luxury item. Every kid should have the chance to play in their community and learn skills, discipline, and teamwork. That's what this fight is about.
This merger is bad for New Yorkers three times over. Thousands of jobs at risk here in the city. Streaming bills going up as competition disappears. And two of America’s most powerful media companies under one roof, deciding what you watch and what you hear.
Today, as Warner Bros. and Paramount shareholders vote, New York City is on record: this merger should be stopped.
As the federal government greenlights corporate lawbreaking, state AGs, private plaintiffs, and juries are stepping up.
The dynamic highlights how we should re-establish questions of economic coercion and market governance as the rightful purview of the public at large, rather than just a small class of experts.
New piece with @dohamekki today in @nytimes:
https://t.co/ARi69DCcWU
For years, Ticketmaster/Live Nation has abused its power against musicians, fans, and venues, dominating the live music industry while worsening it for everyone else.
This jury verdict holding that the company violated state and federal antitrust laws is a key first step towards ending Live Nation’s monopolistic control and securing real relief for those it harmed.
Congratulations to the state attorneys general who kept litigating the case after the Trump DOJ settled cheaply and bailed.