informationliberation
The news you're not supposed to know...




An Introduction to Austrian Economics: Understand Economics, Understand Everything
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Mar 05 2014, 12:09 AM Category: Economy Source: The Circle Bastiat Print

US Government Will Continue Interfering With Apple Pricing Decisions

By Hunter Lewis

A federal court has ruled that a US Department of Justice "monitor" will remain inside Apple Computer to supervise all the company's pricing decisions.

The "monitor," Michael Bromwich, was appointed when Apple lost an anti-trust case involving E-books. He bills for his time at $1,100 an hour and charged $138,432 for his first two weeks of "work."

Apple has filed an appeal which labels Bromwich's appointment "unprecedented and unconstitutional." This “monitor” is a particularly dangerous precedent because court appointed. But by now "monitors" established through "settlements" are common.

Joseph Covington, who headed the Justice Department's Foreign Corrupt Practices Act Division in the 1980's, told Forbes, in reference to monitors appointed to enforce settlements under that act: "This is good business for Justice Department lawyers who create the marketplace [for monitors] and then get...a job there [after they leave government]."

Nor is it limited to the Justice department. If a company gets into the sights of the Federal Trade Commission (FTC) or even the Food and Drug Administration (FDA), the terms of settlement increasingly include "monitoring" by highly paid lawyers, who are typically former FTC or FDA employees.

This is not just the small time corruption it might seem. The collapse of the Soviet Union should have demonstrated once and for all how important free and unimpeded prices are for an economy. Can Apple really be expected to continue its past success if it cannot even control its own pricing?

How did Apple get into this mess? Didn't Apple give enough money to the Obama administration? Apple employees gave 93 percent of their contributions to Obama in 2012 and only 7% to Romney. Wasn't that good enough? Perhaps not. Google employees gave 98 percent of their money to Obama and it was a whole lot more money ($727,702 versus $338,752). Apple CEO Tim Cook failed to max out (give to the legal limit) in his own contribution.

Politico mocked Apple during the election year for being "naive" in failing to hire enough Washington lobbyists to protect its interests. And, importantly, Jeff Bezos, owner of Amazon and de facto”winner” of  the anti-trust case against Apple, bought the Washington Post. Owning the Post makes him a key Washington player and provides his company a great deal of political protection.

Lack of campaign contributions may not be the only factor driving the politicized Justice Department in its pursuit of Apple. There is also the Patriot Act. Apple announced that it would both reveal any government request to gain access to people's private information and oppose it. That would not have been well received by the administration.





Latest Economy
- Low Inflation? The Price Of Ground Beef Has Risen 17 Percent Over The Past Year
- EFF, Internet Archive, and reddit Oppose New York's BitLicense Proposal
- Who's Afraid of the Workers' Revolution?
- Sports Stadiums: Temples to Crony Capitalism
- Obamacare Architect Says Society Would Be Better Off If People Only Lived To Age 75
- Elizabeth Warren Says US Has "No Future" If Free-Market Embraced
- Cost of Renouncing US Citizenship Goes From Free In 2010 to 450$, And Now It's Been Jacked to $2,350
- Colorado's Illegal Pot Market Thrives









Comments Add Comment Page 1 of 1
Anonymous

Posted: Mar 05 2014, 11:19 PM

Link
23252 If there is no stipulation against it I would suggest Apple start charging that 'monitor' for office space and hire a security guard or 2 to follow that individual around while on site to insure that he/she doesn't compromise company secrets, security guard salaries and benefits billable to said 'monitor'. At the end of each billing cycle, just exchange bills for services rendered and call it good. Apple would end up paying less and that extortionist would end up with nothing except the taxes owed on money he/she 'earned' and then spent on office space and security.

I would think the courts could find someone to do the job at much more reasonable rates, like 5% or less than what that individual is charging. It sounds more like something that would be done by organized crime syndicates and should be chargeable under the RICO act.


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

SWAT Officers Wrongfully Detain This Man For Filming in Public, Then it Gets Really Infuratiating - 10/22Either Praise the Police, or Shut Up - 10/22Obstruction Convictions Uncover Recordings of LA Sheriff's Dept. Officers Threatening FBI Agents And Federal Witnesses - 10/22EFF Guide: Know Your Rights When Dealing With Police - 10/22Prison Guard Admits to Sexually Assaulting Dozens of Inmates, Selling Drugs in Prison. No Jail Time - 10/22Land of the Free -- 1 in 3 Americans Are on File with the FBI in the U.S. Police State - 10/22Good Cop? Lead Detective in the Murder of James Boyd Blows the Whistle on Albuquerque PD - 10/22Hollow Justice and Courts of Order in an Age of Government-Sanctioned Tyranny - 10/22

Rialto, CA Police Made to Wear Cameras, Use of Force Drops by Over Two-ThirdsCop Who Karate Chopped NY Judge In Throat Gets Off Scot-FreeFlorida Cop Smashes Compliant Woman's Face Into Car -- "Maybe Now You Can Understand Simple Instructions"VIDEO: Lapel Cam Reveals A Day In The Life Of A U.S. Police Officer (Tasing, Beating, Breaking & Entering, Stomping On Heads... and Laughing About It)Caught On Tape: Officer Sucker Punches Inmate In Face, Files Report Claiming 'Self Defense'Insult Person On Twitter, Go To JailSWAT Team Brings TV Crew To Film Raid Against Threatening Internet Critic -- Raids Innocent Grandma InsteadCop Karate Chops NY Judge In The Throat
(more)

 
Top