David Dayen Profile picture
Jul 24, 2020 3 tweets 2 min read Read on X
I'm up at @TheProspect noting that the rules for the upcoming #BigTechBarons hearing have been tilted to favor the CEOs. prospect.org/power/big-tech…
Initially lawmakers were going to get 10 minutes at a time to question Bezos, Zuckerberg and the other CEOs. Now they'll just get 5 minutes. The CEOs will get saved by the bell repeatedly.
Now there will be unlimited rounds of questioning, and @RepCicilline will get as many questions as he wants at the end. So tech reporters - THAT'S THE PART TO WATCH. Don't write your stories early. prospect.org/power/big-tech…

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More from @ddayen

May 10
Judge Pittman (Trump judge in Texas) got the Chamber's challenge to CFPB credit card late fees.
He said it wasn't germane to Texas, sent it to DC
The 5th Circuit said no, sent it back to Pittman
And now Pittman put it on hold.
Pittman clearly seems mad about how the process went and mad at the Chamber. He even added this graph of the winding timeline of the case.
But that didn't stop him from ruling for big banks. Image
The preliminary injunction is entirely based on the 5th Circuit's ruling that CFPB is using unconstitutionally derived funds.
That's at the Supreme Court now & will likely be overturned, and then presumably Pittman and the Fightin' 5th will come up with another reason.
Read 5 tweets
Feb 22
The $138 billion in student debt that's been relieved by Biden has nothing to do with his "Plan B" for debt relief after the Plan A was shot down by the courts. It's just about Biden's Education Department running existing forgiveness programs with a modicum of competence.
Today's announcement, for example, involves the speedy implementation of the updated income-driven repayment (SAVE) program, which promised that people paying 10 years with less than $12,000 in debt would get it forgiven.
$56.7bn in debt relief came from actually fulfilling Public Service Loan Forgiveness, which almost nobody successfully navigated before Biden.
Another $45.7bn came from fixing servicer errors on income-driven repayment to give debtors what they deserved
Read 7 tweets
Sep 15, 2023
The UAW's selective strike strategy is new for UAW, but it's been very successful for one other union. So much so that they trademarked the practice.
That would be @afa_cwa's CHAOS strategy. 🧵
CHAOS stands for Creating Havoc Around Our System. It began at Alaska Airlines in 1993. There was a protracted strike with the flight attendants, despite the airline earning record profits. Negotiations had dragged on for 3 years.
Under the Railway Labor Act, the flight attendants' union had the authority to devise intermittent surprise strikes, walking off flights at the last minute.
Read 7 tweets
Sep 8, 2023
I read @FranklinFoer's Biden bio The Last Politician, and found this disconnect between a peripatetic presidency of action and the public perception that nothing's happening. What accounts for it? Maybe it's the White House's theory of politics.
Reading the accounts of Biden directing meetings and horse-trading with Congress—the work of politics—is so disconnected from this White House's extreme cloistering of the president that it called to mind the old SNL Reagan mastermind sketch:
No review has yet highlighted the bits about how much Biden dislikes Zelensky. At one point, CIA director Bill Burns had to give Zelensky “relationship-management tips.”
Read 4 tweets
Aug 22, 2023
This whole story is quite something. Timeline goes like this:
Aug 7: Josh Wright suddenly announces he's leaving GMU
Aug 7: Prof Laser releases Wright's attempt to turn a job interview into a date ()
Aug 8: GMU bids Wright a fond farewell ()
Aug 14: Law360 publishes account of two GMU students who say they were coerced into sexual relations with Wright, then were denied job opportunities when they broke it off
Read 7 tweets
Aug 2, 2023
Our business of health care series continues with a history of UnitedHealth, the largest insurer & the largest employer of physicians in the country, with so many subsidiaries that 25% of its revenues come from *itself*.
From @SaraLSirota & @KristaKBrown.
We go through UnitedHealth's entire history, from its founding as a way around state laws that required HMOs to be nonprofits run by physicians to its serial acquisitions of just about everything in healthcare.
PBMs? UnitedHealth invented them.
Medicare Advantage? United's the biggest private company.
Health savings accounts? United has a *bank* with $20 billion under management.
IT? United's claims data subsidiary has information on 285 million patients.
Read 5 tweets

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