Daily Clips: October 11th, 2016
Great headline: President Obama promised to fight corporate concentration. Eight years later, the airline industry is dominated by just four companies.
While the price of fuel – one of airlines’ biggest expenses – has plummeted by as much as 70 percent in the last two years, the industry has kept most of those savings for itself. Fares went down by just 4 percent in 2015 as U.S. airlines made record profits of nearly $26 billion. That’s in contrast to Europe, where the industry is significantly less concentrated and there is intense competition.
Nearly 90% of NJ children tried as adults since 2011 were black or Latino: …liberty and justice for all.
Buffett calls Trump’s bluff and releases his tax data: Warren is the man.
British journalist has no clue why we tolerate gun violence: Gary Younge has written a book that takes a “subtle yet searing condemnation of US gun culture.” This sentence from the author, in particular, moved me: The US is a wealthy nation that has “settled, legislatively at least, on a pain threshold that is morally unacceptable.”
Tweet of the day:
It is so nice that the shackles have been taken off me and I can now fight for America the way I want to.
— Donald J. Trump (@realDonaldTrump) October 11, 2016
