|
David Dayen
@ddayen.bsky.social
[ View ] |
How did I miss that part in the edit
1 replies 0 reposts 17 likes
|
|
David Dayen@ddayen.bsky.social |
5872 followers 147 following 958 posts
Executive editor, The American Prospect. Author, Chain of Title and Monopolized. Tips at ddayen-at-prospect-dot-org.
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
How did I miss that part in the edit
1 replies 0 reposts 17 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Happy Fourth! As a public service, @ryanlcooper will help you update your Constitution by showing you all of the various sections that the Supreme Court has rendered inoperative.
6 replies 89 reposts 252 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
I looked into this "virtual roll call" for the Dem presidential nominee, which may be moved up to July 21 (18 days away), and concluded there's no real reason to be doing it. The rationale is that Ohio has an early ballot deadline, but Ohio passed a law to fix that. DNC's going early anyway.
2 replies 8 reposts 24 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
@adamserwer.bsky.socialFrom me: Setting aside everything else, campaign finance laws dictate that the only Democrats who can seamlessly use the hundreds of millions of $$ currently raised for the election are Joe Biden & Kamala Harris. Anyone else would start from scratch.
1 replies 7 reposts 18 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
We've got weekend Prospect! In the final cases of the Supreme Court session, the conservative majority's vision is clear: pull power away from the other branches and into their hands. Hassan Ali Kanu, who's been killing it this week, has the story:
prospect.org/justice/2024...
1 replies 9 reposts 20 likes
|
Roosevelt Institute
@rooseveltinstitute.bsky.social
[ View ] |
Strong labor unions are a key part of the #GoodLife —they empower workers:
✅ Materially through tangible economic gains
✅ Mentally by fostering community, solidarity & meaning.
@jennyhunter.bsky.social argues for more positive cultural representations of unions: prospect.org/sponsored/th...
0 replies 3 reposts 5 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
I didn't get into that in this piece but absolutely. The one judge said it didn't matter whether a party makes money from the actions of the Education Dept, it should still be able to sue.
0 replies 0 reposts 1 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Tonight's debate will pretend presidents are figurehead stand-ins for all of politics. In reality, they run the executive branch, and we have a unique opportunity to compare these candidates on their actual job function. Timi Iyawemi of the Revolving Door Project did that work:
0 replies 3 reposts 14 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
From me: What's the most profitable company in America? Microsoft? Google? Nope, VeriSign, the company that charges $10/year for registering a .com website. Its operating margins are over 67%. A government contract lets it raise prices. Advocates want that to end.
0 replies 3 reposts 16 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
The Supreme Court said today you can bribe a public official as long as you give them the money AFTER they do your bidding and not before. "Thanks for the tip," corrupting influences replied! Here's Hassan Kanu with the dirty details:
2 replies 34 reposts 119 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
If you actually read the two cases putting preliminary injunctions on pieces of Biden's income-driven repayment program, as I did, you find they are contradictory, inconsistent with 30 years of IDR in practice, and totally unworkable:
12 replies 88 reposts 217 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Citigroup submitted an inadequate living will. The penalty can be a bank breakup. But the Fed let them off with nothing. The good times are *when you fix* these problems, because they won't always be good times. Especially as commercial real estate sags. From me:
0 replies 11 reposts 32 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
There are discrepancies in elite media on whether Boeing will face criminal prosecution for breaking a 2021 settlement agreement. But one thing is clear: DOJ's decision is a test of whether our laws against corporate fraud matter anymore. From me:
1 replies 4 reposts 25 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Former EPI president Larry Mishel explains why and how racial socioeconomic disparities should be fought, mostly with universal policies to benefit all poor people:
1 replies 13 reposts 38 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
It's debate week, and you may be nervous. Let @HaroldMeyerson talk you off the ledge with his debate preview. The expectations have been so diminished that Biden faces the task of novice candidates: simply show that he's up to the job:
1 replies 2 reposts 9 likes
|
The American Prospect
@theprospect.bsky.social
[ View ] |
This week on the Prospect Weekly Roundup, @ddayen.bsky.social and Maureen Tkacik discuss RealPage, the rent-fixing software company currently under FBI investigation, Synapse and the fintech collapse, the AI hype and more. We'll be live in just one hour at 12:30PM ET!
0 replies 1 reposts 2 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
They do get around to it eventually. 2017!
0 replies 3 reposts 11 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Terrific analysis of the gun case decided today at the Supreme Court by Hassan Kanu, who explains that it represents the conservatives backtracking on their ill-considered appeal to "history and tradition" to make legal decisions right now:
0 replies 4 reposts 10 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Great investigation here by @lukewgoldstein about Fanatics, which is attempting to roll up the entire sports apparel and memorabilia market, using long-term exclusive deals with sports leagues to facilitate monopolization:
0 replies 1 reposts 4 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
As soon as today, SCOTUS may allow cities to criminalize homelessness. A recent Justice Department investigation of Phoenix's pattern of biased law enforcement against unhoused people previews the likely reaction, writes Hassan Kanu:
2 replies 6 reposts 7 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
27,000 Virginia teachers have unionized, part of a public-sector labor push in what remains a private-sector right-to-work state. As Harold Meyerson notes, with Virginia’s low rate of unionization "the victory will increase the # of Virginians working under a collective bargaining agreement by 12%"
2 replies 50 reposts 177 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
From me: Four former executive directors of the DCCC, which exists to protect incumbent House Democrats, are now working for campaign firms that are being paid to defeat House Democrats in primary races. The D-Trip used to ban vendors working on primary challenges from doing business with them.
2 replies 8 reposts 17 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Elon got his $48 billion from shreholders, but Tesla's future as a car company is far bleaker, writes @ryanlcooper.com
1 replies 3 reposts 16 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
The "Goon Squad" in the Rankin County, Mississippi sheriff's office have exhibited a pattern of civil rights violations that mirrors the lynch mob “justice” seen in the Jim Crow & civil rights eras, & should trigger federal charges,Hassan Kanu writes:
0 replies 1 reposts 14 likes
|
Daniel Sohn
@danielsohn.bsky.social
[ View ] |
You might think this story isn’t applicable to you because you’re not in New York, but it’s important because it illustrates our basic problem: Every issue you care about is held hostage by a ruling class that is incapable of doing the right thing because it might make some suburban cops mad
18 replies 491 reposts 1300 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
It is a print issue, and if you're not a subscriber it's available here:
simplecirc.com/the-american...
0 replies 0 reposts 1 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Today's piece for our special pricing issue is by the great Sarah Jaffe. It's on surge pricing, and the company that brought it into widespread use: Uber, which uses an algorithm not only to determine how much riders pay but how much drivers make:
2 replies 7 reposts 15 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Brilliant, personal story from Moe Tkacik on Long COVID, and how the NIH blew through $1.1 billion intended to study the phenomenon that didn't consult a single expert with chronic illness expertise:
prospect.org/health/2024-...
2 replies 12 reposts 29 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Despite Republican insistence to the contrary, their blockage of a Senate bill codifying contraception as a right is a harbinger of coming assaults in state legislatures and the courts, writes @ryanlcooper.com:
0 replies 10 reposts 28 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Today's story from our pricing issue: @hassankanu on junk fees, those layered-on, non-optional, barely-justified charges. As @chopracfpb, who coined the phrase, says, it's "part of a really disturbing trend in the economy that is really about cheating rather than competing"
0 replies 7 reposts 17 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
It's completely insane that Schumer won't affirmatively support the Democratic nominee for Senate in New Jersey
14 replies 55 reposts 202 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Our special issue on pricing continues with @lukewgoldstein on algorithmic price fixing. CEOs colluding directly to raise prices is illegal. So middlemen have arisen to enable indirect collusion through collecting comprehensive market data. This is happening with apartments, hotels, agriculture...
0 replies 16 reposts 30 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
This is a key point, willingness to pay is not the same as ability to pay. Exploitation of crisis is built into the algorithmic model, in more neutral sounding language.
2 replies 1 reposts 5 likes
|
|
Roosevelt Institute
@rooseveltinstitute.bsky.social
[ View ] |
Policymakers need to grasp the role of power in our economy to tackle today's rampant price-gouging.
In @theprospect.bsky.social, Lindsay Owens & @ddayen.bsky.social explore the journey here & advocate for new policies to shield consumers from unfair pricing tactics: prospect.org/economy/2024...
0 replies 5 reposts 6 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Lots more in there. I tried to capture a new form of marketing and sales that is just emerging, and designed to maximize company surplus. I hope you'll give it a read today.
prospect.org/economy/2024...
0 replies 4 reposts 15 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
McDonald's combines first-party data with information from browsers, email, social media, apps, travel, retail, financial, auto, even medical partners. They know more about what you'll buy than you do. The architecture is set up for personalized pricing. prospect.org/economy/2024...
2 replies 2 reposts 8 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
And I focus on the McDonald's app, which offers discounts to lure users onto the phone. Here's a slide from the company who makes the app, explaining its "deep personalization" techniques, targeting offers by time of day, ordering habits, & even "pay day": prospect.org/economy/2024...
1 replies 3 reposts 14 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
This piece is a journey: from John Wanamaker inventing the price tag, to just & reasonable railroad rate regulation, to Catalina Marketing producing coupons based on your grocery cart, to today's burst of consultants offering differential pricing. Example: prospect.org/economy/2024...
1 replies 0 reposts 12 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Personalized pricing—a tailored price based on each individual's willingness to pay—has been an economist's dream. Comprehensive data collection and customer isolation brings it closer to a disturbing reality, as I write for our special pricing issue:
7 replies 33 reposts 84 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Tomorrow, Congressman Rob Menendez Jr, son of the indicted Senator, faces a primary challenge from Hoboken mayor Ravi Bhalla. Menendez is leaning on the New Jersey machine—and Dem leaders in Congress—to get him through.
@lukewgoldstein.bsky.social reports:
0 replies 2 reposts 12 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Much more to come this week and next! For now, do check out our intro to the series.
0 replies 0 reposts 3 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
And we're having a launch party for this issue next Tuesday in Washington! RSVP here:
1 replies 0 reposts 0 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
As a bonus: Lindsay Owens and I were on Odd Lots today, talking about the special pricing issue with and Tracy Alloway. Great conversation.
1 replies 0 reposts 4 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
All this week and next, we'll have new articles that fill in the details on these pricing schemes, and discuss how policymakers can deal with the fact that what we pay has become a little less about supply & demand. You can see it all at prospect.org/pricing
1 replies 3 reposts 8 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
We did an whole issue at @theprospect.bsky.social on how pricing *really* works: the many innovations corporations have devised to get you to pay more.
Lindsay Owens and I kicked it off, explaining how companies have gotten bigger, smarter, & more willing to experiment in an age of recoupment.
2 replies 13 reposts 21 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
I wrote about how the handful of deviations from the elite failure of accountability for the past couple decades have come from juries, who are the key to unlock a cloistered culture of impunity.
2 replies 20 reposts 103 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
The Open AI/ScarJo thing is more insidious the more you think about it, writes @hassankanu. It's a labor displacement and identity theft story that's also about sexism and the move fast and break things ethos of Silicon Valley.
2 replies 19 reposts 63 likes
|
L.V. Anderson
@lvanderson.bsky.social
[ View ] |
This rundown by @ddayen.bsky.social is really good! prospect.org/economy/2024...
0 replies 1 reposts 1 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
Here's our weekly roundup with @ryanlcooper.com and @jbouie.bsky.social, check it out!
prospect.org/videos/2024-...
1 replies 3 reposts 6 likes
|
|
David Dayen
@ddayen.bsky.social
[ View ] |
The Justice Dept's Live Nation lawsuit featured a surprising amount of space for Irving Azoff, the legendary manager known as the "Poison Dwarf" who had been rebutting criticism of LN for months. Moe Tkacik and Krista Brown have the entertaining story:
1 replies 2 reposts 7 likes