President Obama announced a crackdown on manipulation and speculation in the oil markets, calling for more government oversight of the oil markets, including increased funding and staffing for the Commodities Future Trading Commission and an increase in civil and criminal penalties for market manipulators. Tom Kloza, chief oil analyst at Oil Price Information Service, looks […]
Yesterday the U.S. Department of Justice sued Apple and five major publishers on antitrust grounds, alleging they fixed prices of e-books throughout 2010. According to the Department, consumers may have been paying as much as $5 too much for e-books. Three of the publishers have settled. Joe Nocera is an Op-Ed Columnist at the New York Times, […]