A new paper from Federal Reserve researchers finds that the concentration of market power in a select few firms exacerbated economic inequality and increased financial instability. The team pointed to the income share for the top 5% of households growing from 21% in the early 1980s to 34% in 2008. […]
Virgin Australia went into voluntary administration on Tuesday, raising the small but real possibility of a Qantas monopoly. David Beirman, a senior lecturer in tourism at the University of Technology Sydney, told Business Insider Australia that with a monopoly, “it’s inevitable that fares are going to go up.” Beirman added […]
“McMillions” directors James Lee Hernandez and Brian Lazarte talk to Insider about the final episode of their hit HBO documentary series. The duo also look back on the show and talk about some of the highlights. They also walked us through one hilarious scene that was cut from the final […]
Apple’s iPhone and iPad have always locked users into Apple’s default apps for fundamental services like email and web browsing. People could always download rival third-party apps, but the default apps launched for fundamental services would defer=”defer”to Apple’s native apps. That long-held standard may finally be changing, according to a […]
FacebookCEO Mark Zuckerberg says he is ready to “go to the mat” with federal regulators over threats to break up the social media giant. “If someone’s going to try to threaten something that existential, you go to the mat and you fight,” Zuckerberg said in leaked audio of a July […]
President Trump has indicated he is not worried about Amazon becoming a monopoly. “Maybe Amazon will have massive competition, and they won’t be the same company in five years,” Trump said in an interview with the Daily Caller. Trump’s opinion offers a highly simplistic review of the antitrust criticisms that […]
Hasbro has licensed “Fortnite” for a special version of “Monopoly” and a line of Nerf toys based on the video game. “Monopoly: Fortnite Edition” has hit stores in time for the holiday season. Retailers are selling the board game for $US19.99. The Nerf toys will be released in 2019, and […]
There is a debate over whether the United States has a monopoly problem. A monopoly is The economist Joseph Stiglitz says that increased market concentration across several sectors has reduced competition and slowed economic growth. The US government has countered by saying data is being misrepresented and that giant companies […]
Nick Hanauer is a wealthy, Seattle-based venture capitalist and progressive political activist. He made a fortune as one of Amazon’s earliest investors, but thinks the company has become too large. He thinks the competition for Amazon’s upcoming second headquarters is indicative of too much influence, which has become “corrosive.” This […]
McDonald’s was required to give away $US25 million to random customers in the aftermath of its Monopoly giveaway scandal. The fast-food chain was defrauded out of more than $US24 million in a scheme in which a ringleader reportedly distributed winning Monopoly game pieces for a cut of the prize money. […]
In 2001, more than 50 people were convicted of mail fraud and conspiracy in connection with a scheme to defraud McDonald’s out of more than $US24 million through its Monopoly promotion, The Daily Beast reported over the weekend. Jerry Jacobson, a former police officer, was found to be at the […]
Hasbro is releasing a special “Cheater’s Edition” of Monopoly. The twist on the classic game will encourage fans to cheat during gameplay. The Cheater’s Edition will come with 15 cheat cards which ask players to carry out tasks throughout the game. These can range from taking money from the bank […]
Monopoly is a family favourite to play over the holidays. But you’ve probably been playing some “house rules,” rather than sticking to the official ones. Here are some of the most common rules we’ve made up over the years. Over the Christmas period, it’s likely you’ll bust out the Monopoly […]
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