Admin, Author at Antitrust Education Project

FTC Charges Amazon with Driving Higher Prices for Consumers, Despite Amazon Prices Being 13 Percent Less than Other Leading U.S. Retailers

You’ve got to give credit to the FTC and its Chair Lina Khan – in their Tuesday filing of their blockbuster antitrust lawsuit against Amazon, this time they managed to round their argument to fully include the needs of consumers, not just the protection of other, less efficient competitors.

Why Bother to Confirm Two Republican FTC Commissioners?

Two nominees for the Federal Trade Commission – Andrew Ferguson, Solicitor General of Virginia and former chief counsel to Senate Majority Leader Mitch McConnell, and Melissa Holyoak, Solicitor General of Utah – had a Senate confirmation hearing this week that, like the best of airplane flights, was uneventful.

Will Khan Break Amazon – or Will Her Lawsuit Break Her?

Federal Trade Commission Chair Lina Khan is by all accounts preparing to file her long-anticipated antitrust case against Amazon. There are rumors and reports of tail-chasing and internal angst within the FTC over the drafting of this complaint.

Politico Lacerates Kanter and Khan

Ankush Khardori has a brilliant – and lacerating piece – in Politico about the Jonathan Kanter-Lina Khan progressive antitrust revolution, and the 13 merger guidelines the Department of Justice antitrust chief and Federal Trade Commission Chair released in July.

For Google and Pending Amazon Antitrust Suits, the Consumer Welfare Standard Will Still Decide

September is wishing well month for progressive antitrusters. Federal Trade Commissioner Lina Khan is expected to soon file her long-awaited antitrust lawsuit against Amazon, Khan’s obsession since she was a law student and first made her case against the online retailer in a law review piece.

Remarks at the SFOF 2023 National Meeting and Economic Summit

You’ve heard over the course of this day-and-a-half about the legal pitfalls of progressive antitrust, as well as the mounting costs ESG heaps on your state funds, your taxpayers, your state retirees, and all investors. I will reiterate some of those points. But I will do so to point to a larger concern – that this controversy is about more than the right application of the law, the best returns for funds, or the responsibilities of a fiduciary.

While FTC’s Khan Draws the Fire, DOJ’s Kanter Advances Radical Agenda

Mention progressive antitrust in Washington, and the discussion turns to Lina Khan – who rose in half a decade from Yale Law School student to become the most powerful, and controversial, Federal Trade Commission chair in history.

BlackRock’s Capone-esque Voting Choice System

August 17, 2023 Andy Puzder takes to RealClearMarkets to neatly dissect BlackRock’s new Voting Choice as “an effective PR tool”…

What Does it Mean to Be a Fiduciary?

The Wall Street Journal reports that Rep. Bill Huizenga, chairman of the House Financial Services Subcommittee on Oversight, has fired off letters of inquiry to BlackRock, Vanguard, State Street, Fidelity and other firms before hearings scheduled for the fall on what it means to be a fiduciary.

It’s Good Work If You Can Get It.

Institutional Shareholder Services Inc. is the world’s largest proxy advisory firm, with contractual relationships with mutual funds controlling $26.8 trillion in assets and at least a 48 percent market share of its market as of 2021.