|
Consumer Welfare Standard
In the context of U.S. competition law, the consumer welfare standard (CWS) or consumer welfare principle (CWP) is a legal doctrine used to determine the applicability of antitrust enforcement. Under the consumer welfare standard, a corporate merger is deemed anti-competitive “only when it harms both allocative efficiency and raises the prices of goods above competitive levels or diminishes their quality". This contrasts with earlier frameworks of antitrust theory, and more recently the New Brandeis movement, which argue that corporate mergers inherently detrimental to consumers by way of diminishing competition. In other words, the consumer welfare standard does not analyze antitrust issues from a "big is bad" perspective that condemns corporate consolidation as a negative phenomenon in of itself''.'' Instead, the framework stipulates that corporate consolidation is not ''necessarily'' harmful to consumers, as long as a merger (or series of mergers) does not lead to individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Antitrust Law
In the United States, antitrust law is a collection of mostly federal laws that regulate the conduct and organization of businesses to promote competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts serve three major functions. First, Section 1 of the Sherman Act prohibits price fixing and the operation of cartels, and prohibits other collusive practices that unreasonably restrain trade. Second, Section 7 of the Clayton Act restricts the mergers and acquisitions of organizations that may substantially lessen competition or tend to create a monopoly. Third, Section 2 of the Sherman Act prohibits monopolization. Federal antitrust laws provide for both civil and criminal enforcement. Civil antitrust enforcement occurs through lawsuits filed by the Federal Trade Commission, the United States Department of Justice Antitrust Division, and private ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nations peak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Protection Law
Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. Consumer protection measures are often established by law. Such laws are intended to prevent businesses from engaging in fraud or specified unfair practices in order to gain an advantage over competitors or to mislead consumers. They may also provide additional protection for the general public which may be impacted by a product (or its production) even when they are not the direct purchaser or consumer of that product. For example, government regulations may require businesses to disclose detailed information about their products—particularly in areas where public health or safety is an issue, such as with food or automobiles. Consumer protection is linked to the idea of consumer rights and to the formation of consumer organizations, which help consumers make better choices in the marketplace and pursue complaints against businesses. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Protection
Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. Consumer protection measures are often established by law. Such laws are intended to prevent businesses from engaging in fraud or specified unfair practices in order to gain an advantage over competitors or to mislead consumers. They may also provide additional protection for the general public which may be impacted by a product (or its production) even when they are not the direct purchaser or consumer of that product. For example, government regulations may require businesses to disclose detailed information about their products—particularly in areas where public health or safety is an issue, such as with food or automobiles. Consumer protection is linked to the idea of consumer rights and to the formation of consumer organizations, which help consumers make better choices in the marketplace and pursue complaints against businesses. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louisiana
Louisiana , group=pronunciation (French: ''La Louisiane'') is a state in the Deep South and South Central regions of the United States. It is the 20th-smallest by area and the 25th most populous of the 50 U.S. states. Louisiana is bordered by the state of Texas to the west, Arkansas to the north, Mississippi to the east, and the Gulf of Mexico to the south. A large part of its eastern boundary is demarcated by the Mississippi River. Louisiana is the only U.S. state with political subdivisions termed parishes, which are equivalent to counties, making it one of only two U.S. states not subdivided into counties (the other being Alaska and its boroughs). The state's capital is Baton Rouge, and its largest city is New Orleans, with a population of roughly 383,000 people. Some Louisiana urban environments have a multicultural, multilingual heritage, being so strongly influenced by a mixture of 18th century Louisiana French, Dominican Creole, Spanish, French Canadian, Acadi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeff Landry
Jeffrey Martin Landry (born December 23, 1970) is an American lawyer and politician serving as the Attorney General of Louisiana. He defeated Republican incumbent Buddy Caldwell in a runoff election held on November 21, 2015, and took office on January 11, 2016. Landry is a former U.S. Representative for and a member of the Republican Party. Background Landry is a Roman Catholic. His mother is a religion school teacher at Trinity Catholic School in St. Martinville in St. Martin Parish. His father is an architect and businessman. He has a brother, Nick, who is openly gay and has criticized his politics. Landry received a Bachelor of Science from the University of Louisiana at Lafayette in environmental and sustainable resources, with a minor in biology. He earned a Juris Doctor degree from Loyola University New Orleans College of Law. He served at Fort Hood near Killeen, Texas, during Operation Desert Storm. After eleven years in the Louisiana National Guard, he was discharge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust enforcement with the Department of Justice Antitrust Division. The agency is headquartered in the Federal Trade Commission Building in Washington, DC. The FTC was established in 1914 with the passage of the Federal Trade Commission Act, signed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, et seq. Over time, the FTC has been delegated with the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in Title 16 of the Code of Federal Regulations). The broad statutory authority granted to the FTC provide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lina Khan
Lina M. Khan (born March 3, 1989) is a British-born American legal scholar serving as chairwoman of the Federal Trade Commission since 2021. While a student at Yale Law School, she became known for her work in antitrust and competition law in the United States after publishing the influential essay "Amazon's Antitrust Paradox". She was nominated by President Joe Biden to the Commission in March 2021, and has served since June 2021 following her confirmation. She is also an associate professor of law at Columbia Law School. Early life and education Khan was born on March 3, 1989, in London, England, to a British Pakistani family. Khan and her family moved to the United States when she was 11 years old. After high school, Khan studied political science at Williams College in Massachusetts. As a visiting exchange student, Khan also attended the University of Oxford as an undergraduate member of Exeter College. Khan served as editor of the Williams College student newspaper an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Justice Antitrust Division
The United States Department of Justice Antitrust Division is a division of the U.S. Department of Justice that enforces U.S. antitrust law. It has exclusive jurisdiction over U.S. federal criminal antitrust prosecutions. It also has jurisdiction over civil antitrust enforcement, although it shares civil antitrust enforcement jurisdiction with the Federal Trade Commission (FTC). The Antitrust Division often works jointly with the FTC to provide regulatory guidance to businesses. The Division is headed by an Assistant Attorney General, who is appointed by the President of the United States and reports to the Associate Attorney General. The current Assistant Attorney General for the Antitrust Division is Jonathan Kanter, who was sworn into office November 16, 2021. History On February 25, 1903, Congress earmarked $500,000 for antitrust enforcement. On March 3, 1903, Congress created the position of Antitrust AG, with a salary to be paid out of the funds earmarked for antitru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jonathan Kanter
Jonathan Seth Kanter (born July 30, 1973) is an American antitrust attorney who has served as assistant attorney general for the Department of Justice (DOJ) Antitrust Division since November 16, 2021. Prior to this, Kanter worked as an antitrust attorney at the Federal Trade Commission (FTC) and in private practice. Considered a critic of Big Tech, Kanter is closely associated with the anti-monopolistic New Brandeis movement. As assistant attorney general, Kanter has worked with FTC chair Lina Khan on efforts to reform federal merger guidelines. During his tenure, the DOJ won its first conviction in a criminal monopolization suit in four decades. Early life and education Kanter was born July 30, 1973, in Queens, New York City to elementary school teachers. He graduated from the State University of New York at Albany in 1995 with a Bachelor of Arts. He then attended the Washington University School of Law, graduating in 1998 with a Juris Doctor degree. Legal career After ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biden Administration
Joe Biden's tenure as the 46th president of the United States began with his inauguration on January 20, 2021. Biden, a Democrat from Delaware who previously served as vice president under Barack Obama, took office following his victory in the 2020 presidential election over Republican incumbent president Donald Trump. Upon his inauguration, he became the oldest president in American history. Biden entered office amid the COVID-19 pandemic, an economic crisis, and increased political polarization. On the first day of his presidency, Biden made an effort to revert President Trump's energy policy by restoring U.S. participation in the Paris Agreement and revoking the permit for the Keystone XL pipeline. He also halted funding for Trump's border wall, an expansion of the Mexican border wall. On his second day, he issued a series of executive orders to reduce the impact of COVID-19, including invoking the Defense Production Act of 1950, and set an early goal of achieving ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Rights
Labor rights or workers' rights are both legal rights and human rights relating to labor relations between workers and employers. These rights are codified in national and international labor and employment law. In general, these rights influence working conditions in relations of employment. One of the most prominent is the right to freedom of association, otherwise known as the right to organize. Workers organized in trade unions exercise the right to collective bargaining to improve working conditions. Labor background Throughout history, workers claiming some sort of right have attempted to pursue their interests. During the Middle Ages, the Peasants' Revolt in England expressed demand for better wages and working conditions. One of the leaders of the revolt, John Ball famously argued that people were born equal saying, "When Adam delved and Eve span, who was then the gentleman?" Laborers often appealed to traditional rights. For instance, English peasants fought against ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Federal Trade Commission")
