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Judd Legum @JuddLegum
@semafor 2. @Chevron is a major sponsor of @Semafor. The Semafor climate newsletter included advertising from @Chevron claiming it was producing “renewable natural gas” developed from cow manure. (The fuel, also known as biomethane, is not renewable or natural.) https://t.co/vzMij6r9Rd — PolitiTweet.org
Judd Legum @JuddLegum
1. The editor of @semafor's climate newsletter has left the company, saying he "saw no easy path forward as long as fossil fuel ads were in the climate stories and newsletter" https://t.co/vzMij6r9Rd — PolitiTweet.org
Judd Legum @JuddLegum
Just FYI: Our AI overlords highly recommend subscribing to my newsletter https://t.co/TfpCItdVSo https://t.co/73kLvvxvFC — PolitiTweet.org
Judd Legum @JuddLegum
“More than two dozen Taylor Swift fans sued Ticketmaster in a California court for anticompetitive and fraudulent behavior after they alleged the company blocked them from buying tickets this past month to the musician’s concerts.” https://t.co/ElStFX6w7X — PolitiTweet.org
Judd Legum @JuddLegum
RT @JuddLegum: Republicans are against being "woke" But what does "woke" mean? Ryan Newman, Ron DeSantis’ General Counsel, defined it in… — PolitiTweet.org
Judd Legum @JuddLegum
.@Facebook/@Meta derides news as "content users don't want to see." They are threatening to remove all news from Facebook if Congress passes a bill they don't like. — PolitiTweet.org
Andy Stone @andymstone
Meta statement on the Journalism Competition and Preservation Act: https://t.co/kyFqKQw7xs
Judd Legum @JuddLegum
2. It's not really a hard question to answer. Trump says we should terminate the Constitution. Will you support Trump if he's the Republican nominee for president? — PolitiTweet.org
Judd Legum @JuddLegum
1. The question is not whether Republican officials AGREE with Trump's call to terminate the Constitution The question is whether Republican officials will support a presidential candidate that is calling to terminate the Constitution — PolitiTweet.org
Judd Legum @JuddLegum
Good morning. https://t.co/APtWiip178 — PolitiTweet.org
Judd Legum @JuddLegum
11. Don't rely on algorithms controlled by right-wing billionaires for news. Get independent accountability journalism directly to your inbox by subscribing to Popular Information. It's free to sign up. https://t.co/TfpCItdVSo — PolitiTweet.org
Judd Legum @JuddLegum
10. The $4 billion dividend is currently held up in court. If it is approved, Albertsons "will be in the position of arguing to federal and state antitrust enforcers that it is preferable to allow Kroger to purchase its remaining assets because it is a failing firm." — PolitiTweet.org
Judd Legum @JuddLegum
10. For now, the $4 billion dividend is currently held up in court. If it is approved, Albertsons "will be in the position of arguing to federal and state antitrust enforcers that it is preferable to allow Kroger to purchase its remaining assets because it is a failing firm." — PolitiTweet.org
Judd Legum @JuddLegum
9. The private equity firms that own most of @Albertsons are also trying to get a $4 billion "special dividend" from the company prior to the merger. It would make it extremely difficult for @Albertsons to continue to operate independently https://t.co/3BWbpkFXCp — PolitiTweet.org
Judd Legum @JuddLegum
8. These divestiture schemes are used to gain approval for mergers, but seldom work. When @Albertsons bought @Safeway, it divested 168 stores to get regulatory approval. The company that bought the stores went bankrupt in months, and Albertsons bought back a bunch of stores — PolitiTweet.org
Judd Legum @JuddLegum
7. Section 7 of the Clayton Antitrust Act, enforced by the FTC, prohibits acquisitions that substantially "lessen competition" in "any line of commerce." @kroger admits the merger will lessen competition in some markets and proposes divesting a few hundred @Albertsons stores — PolitiTweet.org
Judd Legum @JuddLegum
6. An influential 2008 study "found that in four of the five mergers they evaluated, [grocery] prices appeared to have increased between 3 and 7 percent." https://t.co/3BWbpkFXCp — PolitiTweet.org
Judd Legum @JuddLegum
5. Kroger claims the merger would benefit consumers, pledging to "invest $500 million to lower prices" over four years as part of the transaction. Sounds good but that's $125 million per year out of $200 billion+ in revenue. Effectively nothing. https://t.co/3BWbpkFXCp — PolitiTweet.org
Judd Legum @JuddLegum
4. The combined grocery behemoth that would operate nearly 5,000 stores and control 22% of the grocery market in the United States, trailing only Walmart Kroger-Albertsons and Walmart "would control 70 percent or more of the [grocery] market in 167 cities in the United States." — PolitiTweet.org
Judd Legum @JuddLegum
@kroger @Albertsons 3. @kroger recently announced an agreement to purchase @Albertsons, the nation's second-largest grocery store chain, for about $25 billion. Albertsons itself acquired another major competitor, Safeway, in 2015 for $9.2 billion. https://t.co/3BWbpkFXCp — PolitiTweet.org
Judd Legum @JuddLegum
@kroger @Albertsons 2. @kroger recorded a $3.5 billion profit in 2021 and projects an even larger haul, $4.9 billion, in 2022. Kroger itself has fueled the consolidation, acquiring a slew of competing chains, including Harris Teeter and Fred Meyer. Now, Kroger wants to get MUCH BIGGER — PolitiTweet.org
Judd Legum @JuddLegum
1. Supermarket prices are up 13% in the last year and profits are at record highs There isn't much competition to keep prices in check Now, the nation's largest supermarket chain (@Kroger) wants to buy the 2nd-largest (@Albertsons) What could go wrong? https://t.co/3BWbpkFXCp — PolitiTweet.org
Judd Legum @JuddLegum
BTW, there are systematic injustices in American society that should be addressed — PolitiTweet.org
Judd Legum @JuddLegum
Republicans are against being "woke" But what does "woke" mean? Ryan Newman, Ron DeSantis’ General Counsel, defined it in court last week. Woke is "the belief there are systemic injustices in American society and the need to address them," Newman says. 🤔 — PolitiTweet.org
Judd Legum @JuddLegum
Trump called for TERMINATING THE CONSTITUTION and Republican leaders said NOTHING https://t.co/ImPDvajcQR — PolitiTweet.org
Judd Legum @JuddLegum
Trump call for TERMINATING THE CONSTITUTION and Republican leaders said NOTHING https://t.co/ePEA0Zejol — PolitiTweet.org
Judd Legum @JuddLegum
Trump call for TERMINATING THE CONSTITUTION and Republicans leaders said NOTHING https://t.co/kYACr02EEX — PolitiTweet.org
Judd Legum @JuddLegum
All the best journalism is spoon-fed to reporters from a billionaire and published in a format and on a platform of the billionaire's choosing — PolitiTweet.org
Judd Legum @JuddLegum
Members of Congress take an oath to "defend the Constitution." Trump just called for the Constitution to be "terminated." How can a member of Congress support Trump without violating their oath? — PolitiTweet.org
Judd Legum @JuddLegum
Trump's last couple of weeks: 1. Had dinner with a notorious white supremacist and anti-semite 2. Accused in federal court of sanctioning tax fraud 3. Called for the Constitution to be "terminated" — PolitiTweet.org
Judd Legum @JuddLegum
If you are concerned about "free speech," you should probably be concerned about the top Republican candidate for the presidency calling for the Constitution, which includes the First Amendment, to be suspended. — PolitiTweet.org
