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April 19, 2023
Mastercard has paid $3.2 billion since 2005 in fines and penalties for price-fixing, the fourth-highest total of any American company.
April 18, 2023 | The New Republic
The Ghost of a Trump Appointee Is Haunting Merrick Garland’s Justice Department
Tracing Clark’s lingering impact on ongoing litigation makes clear that the legacy of Trump’s Justice Department still haunts our governance and that failing to treat his cronies like the menace they are is worsening outcomes across the country. In some cases, Attorney General Merrick Garland is still carrying forward with the arguments Clark helped shape. In others, the Justice Department and its client agencies are at a critical juncture of having to decide whether to break from past positions or maintain continuity with positions they adopted during the Trump administration.
April 05, 2023 | Revolving Door Project Newsletter
Several Flavors of Regulatory Failures
Until the Biden administration learns that they need to draw a sharp contrast with their predecessors and, generally, do a full 180, they will keep getting egg on their faces. And when the blame genuinely belongs to both the Trump and Biden administrations, warranted criticism of disastrous Republican deregulation is undermined.
March 31, 2023
As We Say Good Riddance, Which Corporate-Funded Entity Will Give Christine Wilson A Warm And Lucrative Welcome?
Today marks Christine Wilson’s final day as a Commissioner for the Federal Trade Commission. The question on the top of our minds: Will Wilson follow in the footsteps of her former colleague, and RDP’s 2022 “Revolver of the Year,” Noah Phillips, and move to a cushy BigLaw job defending corporations from antitrust enforcement?
March 23, 2023
Short-seller Hindenburg Research says the payments mogul Block has inflated user metrics, ignored widespread criminal transactions on its platforms, and evaded regulations.
March 15, 2023 | The Nation
For the past two years, former Treasury secretary Larry Summers has begged, berated, and bullied federal policy-makers to suck as much wealth as possible, as fast as possible, out of the economy. He just never meant, you know, his wealth or his friends’ wealth.
March 12, 2023 | Common Dreams
Christine Wilson leaving the FTC is good news for anyone who cares about effective antitrust enforcement. A quintessential revolving door figure, Wilson’s tenure was only useful to her job prospects once she decided it was time to leave the FTC.
February 24, 2023 | Revolving Door Project newsletter
In many cases, Summers refuses to distinguish between his personal ideology about economics and what he thinks are scientific laws of nature.
February 23, 2023
“Neither private equity, nor Mastercard, nor Citigroup, nor PepsiCo, nor Nestlé, nor Dow promote shared prosperity.”
February 17, 2023 | RDP Newsletter
Hack Watch: Debtors And Lawyers And Trusts, Oh My!
February 09, 2023
There’s no reason for Maloney to wield power or influence over federal politics for the foreseeable future, and certainly no reason to promote him to Labor Secretary.
February 08, 2023 | Revolving Door Project Newsletter
Will the White House Let Covid Vaccine Prices Skyrocket?
Since the early days of the pandemic, the federal government has been pre-purchasing Covid vaccines at an average cost of around $20 per dose (around $29 per dose for the bivalent boosters) to ensure public access to vaccination at no cost. However, with Congress no longer willing to fund Covid treatment, the Biden administration has indicated that it intends to end the Covid public health emergency in May, and more or less hand over control of Covid prevention to the healthcare industry.