Re: WaPo to be sold to Bezos. Now we know why Sir Warren stepped down from the board
This was the idea behind the Elizabeth Warren’s Consumer Financial Protection Bureau. “Deregulation” has secretly meant the financialization of industry after industry. On my yearly visit to the US, I was amused by how much more expensive it is to own, operate, and park a car. I drove on many new toll roads. Tolls on existing roads were way up. Parking fees and fines were hirer. And Wall Street is right in there behind a lot of it. Best quotes…
“With usury rates of 120% or more, rent-to-own tires companies are preying on the flat broke.”
“We lost our shirts when we took a gamble refinancing our toll roads said the Harris County tax assessor.”
Watching a friend shop for a Kindle at Staples, we asked the salesman if the tablet’s price included the opt out of advertising. “Oh no,” he said, “You buy the tablet and then go online and pay Amazon the fee to turn it off.” (And even paying the fee and opting out does not get rid of the banner scrolling along the bottom that says, "People who bought this also...") This leads back to Bezos buying the Post. Maybe he’s got similar tricks in mind with online newspapers, but I’d bet he loses money on this one.
Originally posted by shiny!
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“With usury rates of 120% or more, rent-to-own tires companies are preying on the flat broke.”
“We lost our shirts when we took a gamble refinancing our toll roads said the Harris County tax assessor.”
Watching a friend shop for a Kindle at Staples, we asked the salesman if the tablet’s price included the opt out of advertising. “Oh no,” he said, “You buy the tablet and then go online and pay Amazon the fee to turn it off.” (And even paying the fee and opting out does not get rid of the banner scrolling along the bottom that says, "People who bought this also...") This leads back to Bezos buying the Post. Maybe he’s got similar tricks in mind with online newspapers, but I’d bet he loses money on this one.
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