break up

DOJ Tries to Break Up Google Chrome, Android, and Search Monopoly

Spencer is back with Jared to host this week’s episode of the Niche Pursuits News Podcast.  Like they always do, they discuss the major happenings related to SEO, small publishers, Google, and beyond, and it has been a very eventful…

The post DOJ Tries to Break Up Google Chrome, Android, and Search Monopoly appeared first on Niche Pursuits.




break up

Can the FTC Break Up Amazon’s Monopoly?

The FTC thinks Amazon hurts small businesses and consumers. Ron Knox of The Institute for Local Self-Reliance agrees.




break up

Can the DOJ Break Up Live Nation’s Monopoly?

A new DOJ lawsuit is challenging Live Nation and Ticketmaster’s monopoly power over artist performances, venues, and concert-goers.



  • Economy
  • Wealth and inequality
  • Department of Justice
  • YES! Presents: Rising Up with Sonali
  • Live Nation

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Break up the big school districts

The public schools in Montgomery County, Maryland, on Monday opened on a two-hour delay. This was a borderline call, considering there was no snow or ice on the streets at 6 a.m., and so it’s no surprise that the largest neighboring school systems — Washington, D.C., and Fairfax County, Virginia — opened on time.




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NYC schools stay open, deputies break up illegal fight club




break up

NYC schools stay open, deputies break up illegal fight club




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[ Singles & Dating ] Open Question : Should I break up with my boyfriend?

I’ve liked him for a year and I told him, but he told me to date someone else. I started to forget about him, but then he told me that he liked me too. We’re dating now but I don’t think that I feel the same was as when I first started liking him. What should I do?




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5 Movies Which Explained How To Handle A Break Up Maturely & Move On In Life




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Break Up With Your Old Device at Experimax

Trade Heartbreaking for Heartwarming When You Trade Your Device for Cash




break up

Little Mix Hosting Their Own Show in 'Break Up Song' Music Video

Perrie Edwards, Jesy Nelson, Leigh-Anne Pinnock, and Jade Thirlwall are hosting a show called 'Good Morning Break Up' in a music video for their latest single.




break up

Little Mix Hosting Their Own Show in 'Break Up Song' Music Video

Perrie Edwards, Jesy Nelson, Leigh-Anne Pinnock, and Jade Thirlwall are hosting a show called 'Good Morning Break Up' in a music video for their latest single.




break up

Alexandria Ocasio-Cortez on the 2020 Presidential Race and Why We Should Break up Homeland Security

It’s hard to recall a newly elected freshman representative to Congress who has made a bigger impact than Alexandria Ocasio-Cortez. Her primary victory for New York’s Fourteenth District seat—as a young woman of color beating out a long-established white male incumbent—was big news, and Ocasio-Cortez has been generating headlines almost daily ever since. Practically the day she took her seat in Congress, Ocasio-Cortez became the hero of the left wing of the Democrats and a favored villain of Fox News and the right. She battled Nancy Pelosi to make the Green New Deal a priority, and has been involved with a movement to launch primary challenges against centrist or right-leaning Democrats. Like Bernie Sanders, she embraces the label of democratic socialism and supports free college education for all Americans. She has called for the abolition of Immigration and Customs Enforcement. She joined David Remnick in the New Yorker Radio Hour studio on July 5th, just after her trip to the border to examine migrant-detention facilities. Remnick and Ocasio-Cortez spoke about why she courted controversy by referring to some facilities as “concentration camps”; why she thinks the Department of Homeland Security is irredeemable; and whether Joe Biden is qualified to be President, given his comments about colleagues who supported forms of segregation. “Issues of race and gender are not extra-credit points in being a good Democrat,” she says. “They are a core part of the ... competencies that a President needs. . . . Where are you on understanding the people that live in this country?”




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Police break up three house parties in 24 hours after coronavirus restrictions ease in Queensland

Queensland police shut down three house parties in the 24 hours after some coronavirus restrictions are relaxed and erect fencing at Burleigh Heads where large crowds were dispersed over the weekend.




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Cops break up Brooklyn funeral for coronavirus victim as mourners ignore social distancing

The funeral was held for Rav Yosef Kalish, 63, an Amshinover rebbe who was hospitalized with COVID-19 last week and died Sunday morning, The Associated Press reported.




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Antarctica's A-68: Is the world's biggest iceberg about to break up?

The 5,100 sq km behemoth which broke away from Antarctica in 2017 drops its own large chunk of ice.





break up

Bernie Sanders: We Need to Break Up Broadband Monopolies

'With no incentive to innovate or invest, these conglomerates charge sky-high internet prices to reap profits from consumers,' the Democratic Presidential candidate said in unveiling his 'high-speed internet access for all plan' on Friday.





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In battle to break up utilities, Arizona steps to the front line

Of all the efforts to break up utility monopolies in the U.S., the one unfolding in Arizona may be the most important to watch.




break up

In battle to break up utilities, Arizona steps to the front line

Of all the efforts to break up utility monopolies in the U.S., the one unfolding in Arizona may be the most important to watch.




break up

In battle to break up utilities, Arizona steps to the front line

Of all the efforts to break up utility monopolies in the U.S., the one unfolding in Arizona may be the most important to watch.




break up

Surrey Police use drone to break up gatherings during coronavirus lockdown

Follow our live updates HERE Coronavirus: the symptoms




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Police break up '4/20 party' in New York over Covid-19 social distancing failures

Police in New York broke up a "4/20" marijuana party in Manhattan after receiving a tip that nearly 40 people were not practising social distancing during the coronavirus outbreak.




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At least 13 arrested and 11 issued fines after police break up parties during lockdown

Police have arrested 13 people and issued 11 more with fines after breaking up two parties in Liverpool during coronavirus lockdown.




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Police break up barbecue and bingo street party in Middlesbrough during coronavirus lockdown

Two 20-year-old men were arrested on suspicion of public order offences




break up

Antarctica's A-68: Is the world's biggest iceberg about to break up?

The 5,100 sq km behemoth which broke away from Antarctica in 2017 drops its own large chunk of ice.





break up

Break up the big banks? Not quite, here’s a better option.


Neel Kashkari, the newly appointed President of the Federal Reserve Bank of Minneapolis, is super-smart with extensive experience in the financial industry at Goldman Sachs and then running the government’s TARP program, but his call to break up the big banks misses the mark.

Sure, big banks, medium-sized banks and small banks all contributed to the devastating financial crisis, but so did the rating agencies and the state-regulated institutions (mostly small) that originated many of the bad mortgages.  It was vital that regulation be strengthened to avoid a repetition of what happened – and it has been.  There should never again be a situation where policymakers are faced with either bailing out failing institutions or letting them fail and seeing financial panic spread.

That’s why the Dodd-Frank Act gave the authorities a new tool to avoid that dilemma titled “Orderly Liquidation Authority,” which gives them the ability to fail a firm but sustain the key parts whose failure might cause financial instability.  Kashkari thinks that the authorities will not want to exercise this option in a crisis because they will be fearful of the consequences of imposing heavy losses on the original owners of the largest banks.  It’s a legitimate concern, but he underestimates the progress that has been made in making the orderly liquidation authority workable in practice.  He also underestimates the determination of regulators not to bail out financial institutions from now on.

To make orderly liquidation operational, the Federal Deposit Insurance Corporation (FDIC) devised something called the “single point of entry” approach, or SPOE, which provides a way of dealing with large failing banks.  The bank holding company is separated from the operating subsidiaries and takes with it all of the losses, which are then imposed on the shareholders and unsecured bond holders of the original holding company, and not on the creditors of the critical operating subs and not on  taxpayers.  The operating subsidiaries of the failing institution are placed into a new bank entity, and they are kept open and operating so that customers can still go into their bank branch or ATM and get their money, and the bank can still make loans to support household and business spending or the investment bank can continue to help businesses and households raise funds in securities markets.  The largest banks also have foreign subsidiaries and these too would stay open to serve customers in Brazil or Mexico.

This innovative approach to failing banks is not magic, although it is hard for most people to understand.  However, the reason that Kashkari and other knowledgeable officials have not embraced SPOE is that they believe the authorities will be hesitant to use it and will try to find ways around it.  When a new crisis hits, the argument goes, government regulators will always bail out the big banks.

First, let’s get the facts straight about the recent crisis.  The government did step in to protect the customers of banks of all sizes as well as money market funds.  In the process, they also protected most bondholders, and people who had lent money to the troubled institutions, including the creditors of Bear Stearns, a broker dealer, and AIG, an insurance company.  This was done for a good reason because a collapse in the banking and financial system more broadly would have been even worse if markets stopped lending to them.  Shareholders of banks and other systemically important institutions lost a lot of money in the crisis, as they should have.  The CEOs lost their jobs, as they should have (although not their bonuses).  Most bondholders were protected because it was an unfortunate necessity.

As a result of Dodd-Frank rules the situation is different now from what it was in 2007.  Banks are required to hold much more capital, meaning that there is more shareholder equity in the banks.  In addition, banks must hold long-term unsecured debt, bonds that essentially become a form of equity in the event of a bank failure.  It is being made clear to markets that this form of lending to banks will be subject to losses in the event the bank fails—unlike in 2008.  Under the new rules, both the owners of the shares of big banks and the holders of their unsecured bonds have a lot to lose if the bank fails, providing market discipline and a buffer that makes it very unlikely indeed that taxpayers would be on the hook for losses.

The tricky part is to understand the situation facing the operating subsidiaries of the bank holding company — the parts that are placed into a new bank entity and remain open for business.  The subsidiaries may in fact be the part of the bank that caused it to fail in the first place, perhaps by making bad loans or speculating on bad risks.  Some of these subsidiaries may need to be broken off and allowed to fail along with the holding company—provided that can be done without risking spillover to the economy.  Other parts may be sold separately or wound down in an orderly way.  In fact the systemically important banks are required to submit “living wills” to the FDIC and the Federal Reserve that will enable the critical pieces of a failing bank to be separated from the rest.

It is possible that markets will be reluctant to lend money to the new entity but the key point is that this new entity will be solvent because the losses, wherever they originated, have been taken away and the new entities recapitalized by the creditors of the holding company that have been “bailed in.”   Even if it proves necessary for the government to lend money to the newly formed bank entity, this can be done with reasonable assurance that the loans will be repaid with interest.  Importantly, it can be done through the orderly liquidation authority and would not require Congress to pass another TARP, the very unpopular fund that was used to inject capital into failing institutions.

There are proposals to enhance the SPOE approach by creating a new chapter of the bankruptcy code, so that a judge would control the failure process for a big bank and this could ensure there is no government bailout.  I support these efforts to use bankruptcy proceedings where possible, although I am doubtful if the courts could handle a severe crisis with multiple failures of global financial institutions.  But regardless of whether failing financial institutions are resolved through judicial proceedings or through the intervention of the FDIC (as specified under Title II of Dodd-Frank) the new regulations guaranty that shareholders and unsecured bondholders bear the losses so that the parts of the firm that are essential for keeping financial services going in the economy are kept alive.  That should assure the authorities that bankruptcy or resolution can be undertaken while keeping the economy relatively safe.

The Federal Reserve regulates the largest banks and it is making sure that the bigger the bank, the greater is the loss-absorbing buffer it must hold—and it will be making sure that systemically important nonbanks also have extra capital and can be resolved in an orderly manner.  Once that process is complete, it can be left to the market to decide whether or not it pays to be a big bank.  Regulators do not have to break up the banks or figure out how that would be done without disrupting the financial system.


Editor's note: This piece originally appeared in Bloomberg Government

Publication: Bloomberg Government
Image Source: © Keith Bedford / Reuters
      
 
 




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Chad The Alpha Asks Man To Break Up With Girlfriend

Oh man, "Chad the Alpha" is on one. This conversation just stinks of delusions. Alpha bro reaches out to another dude and literally asks him to break up with his girlfriend, because he suspects that she'll be happier with him. Yeah, okay, Chad. 




break up

Should I break up with my girlfriend?

Should I end my relationship just because my girlfriend thinks it's not working out? I don't really see any serious problems, so I don't know what she's talking about. Why can't she see it the way I am?
If she's not making this up, it's obvious that the two of you aren't on the same page here. The only thing you can do is try and understand why her view of this is so radically different from your own, and ask if she is willing to try and make it work.

My boyfriend and I ended our relationship a year-and-a-half ago because of logistics. He was living in another city and we simply couldn't spend enough time together. We tried to make the long distance thing work, but decided to stop after a point because it was too difficult to manage. We haven't been in touch since it ended. I just found out through a common friend that he has been offered a job in my city and is moving here in a month. I have been thinking about calling him and going out just to see if there is still any spark, and to try and give it another chance. Is this a bad idea though, considering we couldn't pull it off the first time?
I suggest you take it one step at a time because, to begin with, you haven't been in touch for over a year-and-a-half. People and circumstances can both change dramatically over time, so you don't know what to expect. If your relationship ended simply because the two of you couldn't meet often, and there were no other reasons, you may be able to make it work, provided he wants it to as much as you do. At the moment though, everything about this is speculative. Try calling him, get a sense of whether he wants to meet, and then see how that first date goes before jumping to conclusions.

The inbox is now open to take your most carnal and amorous queries. Send your questions on email to lovedoc@mid-day.com

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break up

Big Tech and Amazon: too powerful to break up?

While Google, Facebook and Twitter are set for a grilling in Congress over Russia, it is the online retailer that is drawing intense scrutiny




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Retired customers find it harder to break up with their bank  

Finding a good credit card deal when you’re older is more difficult




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Nicola Sturgeon claims SNP is 'WINNING' battle to break up the UK

Nicola Sturgeon today issued a fresh rallying cry for Scottish independence as she claimed the SNP is 'winning the case' for a split from the rest of the UK, but Downing Street was quick to rebuff her.




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Shock poll finds Scots WOULD vote to break up the UK

YouGov research found 51 per cent north of the border would support independence - the first time the firm has recorded a majority in favour since 2015.




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Police break up crowd not following social distancing rules at vigil for father killed in crash 

Mourners gathered in Gorton, Manchester, pictured, to pay their respects to crash victim Clive Pinnock, who died after being hit by a BMW in the city on Wednesday.




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Little Mix release fun Break Up Song TikTok video filmed at home during lockdown

They've been kept apart while the country is in lockdown in a bid to stem the spread of coronavirus, and had their separate video recordings cleverly mixed together.




break up

Little Mix film Break Up Song video from home during lockdown

Little Mix have been forced to film their Break Up Song music video from home, dropping the result of all their efforts on Friday morning.




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Police forced to break up crowd outside burger joint in New Zealand after lockdown was lifted

Up to 30 people gathered outside of BurgerFuel in Glenfield, Auckland on Tuesday afternoon on the first day of Covid-19 level three restrictions.




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Coronavirus lockdown dodger 'BITES a police officer' trying to break up an illegal party

Police were called to dismantle the party at a unit southwest of Brisbane on Thursday evening.




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Man fined £1,400 after threatening to kill neighbour who tried to break up lockdown 'party' 

Janis Zalitis, 29, received a note through his letter box stating that police would be called if the group did not leave the property in St Peter Port, Guernsey. Pictured: Guernsey's Royal Court.




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How to break up with your phone / by Catherine Price

Browsery RC569.5.I54 P75 2017