Tech’s Biggest Secret Is Finally Public: Google Pays $26B Every Year to Maintain Search Monopoly
October 27, 2023 — Following new reporting that Google spent a total of $26.3 billion to maintain its status as default search engine in 2021 — revealed today during the US v. Google trial, the most important antitrust trial of the century — the American Economic Liberties Project released the following statement. The number far exceeds earlier estimates and represents a 270% increase in Google’s traffic acquisition costs in under a decade.
To Strengthen Ties with Countries in the Americas and Deliver on Climate, Health, and Democracy APEP Goals, Pres. Biden Should Launch All-Americas Exit of the Investor-State Dispute Settlement (ISDS) Regime at Nov. 3 Summit in D.C.
October 25, 2023 — Rethink Trade, Columbia Law School’s Columbia Center on Sustainable Investment and Georgetown University Law’s Center for the Advancement of the Rule of Law in the Americas and Center on Inclusive Trade and Development released a comprehensive white paper, “Turning the Tide: How to Harness the Americas Partnership for Economic Prosperity to Deliver an ISDS-Free Americas,” at an event today.
The Fed’s Proposal to Lower Debit Card Swipe Fees Isn’t Enough
October 25, 2023 — In response to the news that the Federal Reserve Board of Governors voted to lower the amount that debit card issuers can charge merchants to process customers’ transactions from the current cap from 21 cents per transaction to 14.4 cents per transaction, the American Economic Liberties Project released the following statement.
Economic Liberties Applauds Whitaker Confirmation at FAA
October 24, 2023 — In response to news that the United States Senate has voted to confirm Michael G. Whitaker to be Administrator of the Federal Aviation Administration (FAA), the American Economic Liberties Project released the following statement.
New Economic Liberties Toolkit Lays Out How State Lawmakers Can Rein in Big Medicine
October 23, 2023 — As corporate consolidation in healthcare produces unprecedented drug shortages, rising prices, and unacceptable working conditions, all while giant healthcare companies rake in massive profits, the American Economic Liberties Project today released a new policy toolkit “Tools to Challenge Big Medicine: A Guide for State Lawmakers.” It outlines practical steps that state lawmakers can take to reform the American healthcare industry and challenge corporate power.