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June 14, 2023

KJ Boyle

Newsletter Anti-MonopolyBigLawDepartment of JusticeFTCIndependent AgenciesRevolving Door

Christine Varney Made A Career Out Of An Agency She Now Deems Unconstitutional

Implicit in the worldview of these revolvers is the idea that corporations should be free to operate and acquire competitors with near impunity, therefore antitrust enforcement should be as narrowly tailored as possible. This is obviously problematic — we need regulators that believe in the government’s ability to take on corporations with outsized market influence — but Cravath, Swaine & Moore’s Christine Varney recently took things many steps further in her representation of the biotech company Illumina in its case against the FTC. Varney doesn’t just attack specific enforcement actions as unwarranted, but calls into question the constitutionality of the FTC’s authority to issue enforcement actions in the first place. 

June 08, 2023

Andrea Beaty

Press Release Anti-MonopolyEthics in GovernmentFTCRevolving Door

PRESS RELEASE: Revolving Door Lawyers Aim To Dismantle Antitrust Enforcement Authorities

Cravath, Swaine & Moore’s Christine Varney, a former head of the US Department of Justice’s Antitrust Division, and other BigLaw lawyers representing Illumina and Grail filed a brief this week seeking to secure a merger which the FTC said would “diminish innovation in the U.S. market” for cancer detection tests. Revolving Door Project Research Director Andrea Beaty released the following statement concerning the brief and its authors.

June 07, 2023

Emma Marsano

Newsletter

Corporate Crackdown

Deadly Corporate Misconduct Can Be Boring. Biden Must Keep His Focus on Cracking Down, Anyway.

Corporate wrongdoing doesn’t always resemble the stories that tend to make headlines—the dramatic corruption scandals, bald-faced lies, and egregious instances of fraud. Sometimes, as we at Revolving Door Project strive to highlight, life-threatening corporate actions are enabled by quiet bureaucratic processes and decisions, ushered along by captured political appointees who refuse to hold profit-hungry corporations accountable.

June 01, 2023 | The American Prospect

Timi Iwayemi

Op-Ed 2024 ElectionEthics in GovernmentExecutive Branch

How to Cover a Presidential Campaign

As the past six years have clearly illuminated, hollowing out government capacity and rewarding loyalists is at the heart of the Trump gospel, and leveraging power is DeSantis’s modus operandi as well. As coverage of the Republican primaries ramps up, the press must focus on how this style of executive branch mismanagement endangers democracy and the public interest. That’s more important than trying to figure out if DeSantis has the personality to sell this anti-democratic vision.

May 30, 2023

Henry Burke

Blog Post

CryptocurrencyEconomic PolicyLarry SummersTech

Being A Board Member Is Hard, Just Ask Larry Summers

Former Secretary of the Treasury Larry Summers recently learned that making business decisions can be hard even if you’re an economist. Or, alternatively, Summers has again proven to be a real-life embodiment of an economic “rational individual;” willing to do whatever maximizes his personal interests, regardless of broader consequences. If true, this further demonstrates why the press needs to end their reliance on Summers for economic speculation – because his judgment is for sale.

May 26, 2023

Jeff Hauser

Press Release Ethics in GovernmentExecutive BranchGovernanceGovernment CapacityMedia Accountability

RELEASE: Revolving Door Project Reacts to Biden’s Debt Ceiling Cave & the Media’s Incompetent Coverage

In response to the emergence of the structure of a potential deal between President Biden and Speaker McCarthy, Revolving Door Project Executive Director Jeff Hauser issued the following statement: 

“There are three aspects to the substance and coverage of this debate that have been infuriating.”

May 24, 2023 | Revolving Door Project Newsletter

Toni Aguilar Rosenthal

Newsletter

Congressional OversightEthics in GovernmentGovernance

Who’s Going To Keep Corporations Honest?

The Washington Post last week ran a delightful little synopsis of Senator Bernie Sanders’ (I-VT) true passion: congressional oversight. Bernie is revered for his willingness to hold corporations and their CEOs accountable for their villainy, and how he does so with extraordinary dexterity. Be it by ruthlessly interrogating Big Pharma executives for their murderous price gouging of lifesaving treatments or humiliating Howard Schultz for being a whiny billionaire union-buster, Bernie Sanders makes congressional oversight hearings fun. The fun he makes for himself and for the public he strives to give real voice to through speaking truth to power is not just gratifying; it also helps sharpen congressional oversight into a tool to actually achieve something.