Harris 2024
- Thread starter wildchild
- Start date
This is the Biggest Food Scandal in History
America’s largest meat producers are reportedly fixing prices. Tyson, Hormel, and Cargill are using a little-known technology—Agri Stats—to share secret data and make your groceries more expensive. It’s one of the biggest conspiracies in corporate history.
In Canada, France, and South Korea there are laws against food monopolies, price gouging, and shrinkflation, especially during a time of National Crisis.
- Canada - The Competition Act now expressly includes as an anti-competitive act “directly or indirectly imposing excessive and unfair selling prices.”
- France - The French Criminal Code (Code pénal) banned coalitions from manipulating prices “above or below the level that would have been determined by free and natural competition”.
The United States is far behind other countries in controlling consumer food prices during a National Crisis and when there's a need to control inflation that drive many Americans into poverty.
- South Korea - I can not remember the name of the law but they have stiff penalties @ https://www.reuters.com/business/re...ines-food-suppliers-shrinkflation-2024-05-03/
In addition, Americans residing near the Canada/USA border in the northern states will often drive to Canada to do their shopping because the cost of goods is much cheaper than U.S. grocery stores. The same reason is true for the cost of medicine....much cheaper in Canada for the same medicine purchased in the U.S.
Yet, we want the world to believe we're the leader of a free world. A statement I now view as propaganda considering our standards are far below other countries with less resources.
Also, a different spin on monopolies and collusion, for at least a decade after the government completed it's investigation...banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain.
They controlled by colluding a 4 trillion dollar per day financial market that cost forex traders billions of dollars in losses.
The investigation revealed during court trials that currency dealers said they had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts and pushing through trades before and during the 60-second windows when the benchmark rates are set.
The behavior occurred daily in the spot foreign-exchange market and went on for at least a decade according to currency traders.
wrbtrader
The U.S. DOJ is taking action against corporate landlords colluding to raise rents.
In the old days, the colluders would meet directly or over the phone to price fix and raise prices. In the modern days they can just share the information via a software database to collude and jack up prices. Technology has changed the game but not the intent of these corporate profiteers.
The Justice Dept. filed an antitrust lawsuit against RealPage, alleging its software enabled landlords to collude to raise rents across the U.S.
The suit, joined by North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, accuses RealPage of facilitating a price-fixing conspiracy
Friday, August 23, 2024 11:13 AM ET
https://www.nytimes.com/2024/08/23/business/economy/realpage-doj-antitrust-suit-rent.html
The Justice Department filed an antitrust lawsuit on Friday against the real estate software company RealPage, saying its software enabled landlords to collude to raise rents across the United States.
The suit, joined by North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, accuses RealPage of facilitating a price-fixing conspiracy that boosted rents beyond market forces for millions of people. It’s the first major civil antitrust lawsuit where the role of an algorithm in pricing manipulation is central to the case, Justice Department officials said.
“Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law,” Attorney General Merrick Garland said in a statement.
A RealPage spokeswoman, Jennifer Bowcock, said the company would “vigorously” defend itself against the suit and that its revenue management software was “purposely built to be legally compliant.”
The suit escalates the government’s efforts to regulate what it says is misuse of technology. Officials have sued Google, Amazon, Meta and Apple over what they said were monopolistic behaviors that harm consumers.
RealPage’s software, YieldStar, gathers confidential real estate information and is at the heart of the government’s concerns. Landlords, who pay to use the software, share information about rents and occupancy rates that is otherwise confidential. Based on that data, an algorithm generates suggestions for what landlords should charge renters, and those figures are often higher than they would be in a competitive market, according to allegations in the legal complaint.
(More at above url)
As soon as he blamed Biden for raising interest rates to 8% for mortgages and believed trump kept interest rates low, then we know he just doesnt understand much except what social media tells him to think
You can tout the tax cut and removing the no insurance penalty but then we went full sheep. Costco was pretty unique in passing on the savings though, sadly most companies simply pocketed the benefits.