The $85.4 billion merger between AT&T and Time Warner could end up costing consumers hundreds of millions of dollars in jacked-up fees for cable TV and streaming video, an expert witness said. Carl Shapiro, an economics professor at the University of California at Berkeley, testified on Wednesday that if AT&T’s merger with Time Warner is approved, the united company could coordinate with Comcast and its NBCUniversal unit to yank content from lower-priced streaming-video companies like Netflix. Shapiro is expected to be the last witness brought by President Trump’s Justice Department as it seeks to show that the proposed merger is illegal under antitrust law because it would harm consumers. The government filed a lawsuit in November and is asking Judge Richard Leon to block the deal. Following Shapiro, who will likely face cross examination Wednesday afternoon, AT&T’s lawyers are expected to bring in their own economist, Dennis Carlton of the University of … [Read more...] about DOJ witness says AT&T-Time Warner merger could cost customers millions
Here’s a simple way to get something for nothing For a limited time, when you spend at least $10 or more at Cost Plus World Market via TopCashBack, you’ll get $10 in cash back. TopCashBack is a fully legitimate cash back site, similar to Ebates.com. What I really like about TopCashBack is that you’ll receive your payout within weeks, not months, like some programs. This deal is for new members only. You can have more than one account per household, however. Sign up here. Here’s how this deal works: 1) Simply click the “Get Offer Now” button to go to the Cost Plus World Market website. 2) Purchase anything for $10 or more (you can add anything else you want to the cart) and get $10 cash back. 3) Within 7 days of purchase you’ll see your transaction post to your TopCashback Account. 4) Once confirmed, your transaction will become payable within 14 days. Note: cash back may fluctuate in between that period, but will be the … [Read more...] about Spend $10 at Cost Plus World Market, get $10 cash back
Luminar Technologies Inc., the self-driving sensor startup backed by billionaire Peter Thiel, is rolling out a cheaper-to-make version of its laser technology and ramping up production to supply the key component for autonomous vehicles.The startup released a new sensor platform Thursday that reduces the cost of its most expensive part from tens of thousands of dollars to $3. This will make Luminar’s light detection and ranging devices, or lidar, viable for vehicles sold to consumers, once produced in high volumes, according to Chief Executive Officer Austin Russell.Competition is intensifying to supply lidar, which to this point has been one of the most expensive components of self-driving vehicles. The technology uses short-wavelength pulses of light to better detect objects surrounding cars in greater detail than radar. Luminar is contending with the likes of Velodyne Lidar Inc., which supplies automakers including Ford Motor Co., and could end up having to take on Alphabet … [Read more...] about Thiel-backed autonomous car supplier slashing cost, scaling up
A parable about Long Island’s follies on coastal protection: In 2015, the Army Corps of Engineers opted to shore up a section of eroded beach in downtown Montauk with a much-derided artificial dune of giant sandbags covered with sand. It told East Hampton Town, which would take over responsibility for the project, that maintenance would cost $1.5 million over 10 years. Before the town took control, though, the Corps twice had to replenish its work because of storm damage, most recently last spring. Now, after March’s nor’easters, the dune is exposed again. And East Hampton has to foot the bill. The expected price tag? Close to $1 million. For one year. The town is on the hook until the Corps delivers its long-promised Fire Island-to-Montauk plan. Town officials say the specs for that now won’t be ready until December 2019, at best, and that the Corps’ more-protection-via-more-sand strategy won’t be sustainable, either. East Hampton has no choice but … [Read more...] about Montauk faces up to the cost of rising seas
It is now common knowledge that health care in the United States costs a lot more than what it costs in most of the world’s rich nations. In fact, the topic of health care reform has come up in a big way during every presidential election cycle in the last three decades. In their commentaries ... … [Read more...] about Why does U.S. health care cost so much?