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David Dayen Profile picture
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23 Feb, 4 tweets, 2 min read
NEW at @theprospect: @alex_sammon on the array of corporate lawyers and Big Tech defenders populating Merrick Garland's Justice Department.
prospect.org/cabinet-watch/…
Garland said yesterday: "Fortunately or unfortunately, the best antitrust lawyers in the country have some involvement" in Big Tech. Lawyers in or likely to be in his DoJ certainly do:
-Emily Loeb (Apple)
-Susan Davies (Facebook)
-Susan Dunn (Amazon)
prospect.org/cabinet-watch/…
"Garland’s most concerning connection is Jamie Gorelick, who, despite being unlikely to get a formal role within the department, is positioning herself as a fixer with Washington’s most direct line to Garland’s office"
prospect.org/cabinet-watch/…
A co-production with @theintercept. Check it out!
prospect.org/cabinet-watch/…

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More from @ddayen

David Dayen Profile picture
24 Feb
1/ I want to invite you to apply for our Prospect writing fellowship, which in my completely biased opinion is the best early-career job in journalism. You can apply here:
theamericanprospect.submittable.com/submit/171496/…
2/ Our two-year fellowship gives a staff job (full benefits, union shop) to journalists just out of college or at an early point in their careers, working with our team on every type of reporting possible, from on-the-ground coverage to analysis, from short-form to long features.
3/ Our terrific writing fellows that I have had the pleasure of working with, @Marcia_Brown9 and @brittanyagibson, are wrapping up their fellowships, so we need two more to carry on the tradition. The first job would start at the end of May and the second in September.
Read 5 tweets
David Dayen Profile picture
24 Feb
Um, Katie Porter v. Louis DeJoy alert. oversight.house.gov
Porter: You made changes to USPS but the IG said you did no analysis on whether they would save money. Now you're doing a strategic plan, have you done any analysis?
DeJoy: I disagree we did no analysis. We've done extensive research.
Porter: Will you provide those analyses to this committee?
DeJoy: We will produce "a certain amount of information." We're not embarrassed by the work we did.
Porter: Did you hire consultants?
DeJoy: The organization has embedded consultants for a long time.
Read 5 tweets
David Dayen Profile picture
18 Feb
GameStop hearing has begun here, I'll be intermittently live tweeting if anything interesting happens.
financialservices.house.gov/calendar/event…
One thing so far, Waters announces this is the first of a series of hearings, and future ones will include regulators and policy discussions.
Remarkable pronunciation of "Dough-GEE-coin" from ranking member Patrick McHenry (R-NC)
Read 28 tweets
David Dayen Profile picture
18 Feb
Here's my curtain raiser on today's GameStop hearing, of which I’m struggling to figure out the purpose, relative to what we need to actually uncover about our financial markets.
prospect.org/power/whats-re…
Publicly traded stocks spike if they have similar names to hot companies. Risky firms issue billions in junk debt. "Blank-check" companies with no products or sales are a hot commodity. Dogecoin. We have a speculation problem but it's not just on Reddit prospect.org/power/whats-re…
It'd be nice if the questioning in today's hearing brooched the unmentionable subject of banning unproductive and speculative trading instruments and closing the loophole that created hedge funds and private equity. prospect.org/power/whats-re…
Read 4 tweets
David Dayen Profile picture
17 Feb
1/ A couple weeks ago, Theda Skocpol and Caroline Tervo looked at Indivisible and the drift between the national organization and its local chapters.
We got comments about it. A lot of them.
prospect.org/politics/resis…
2/ So we decided to put them together for a roundtable series we're calling The Future of Organizing. Bob Kuttner introduces the project today.
prospect.org/politics/futur…
3/ Our first two pieces happen to be diametrically opposed to one another. Michael Podhozer of the AFL-CIO argues that Skocpol & Tervo neglected the character of recent elections and the role of unions in grassroots democracy.
prospect.org/politics/indiv…
Read 6 tweets
David Dayen Profile picture
11 Feb
Read the thread, but I'd say payday lenders & debt collectors & drug manufacturers & minimum wage employers & muni bondholders who don't like public banks all had plenty to lose right now from policies recently advanced in the state. But we're both talking around something-
The biggest advance in recent state policymaking was ending worker misclassification, a groundbreaking law codifying the principle that workers deserve benefits.
And Uber, Lyft & Doordash spent $200 million to evaporate it and literally create their own labor law.
They could do that because of the ballot measure system, which is at the root of most of California's problems, including the housing-related issues Ezra is right to decry.
Read 8 tweets

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