Business & Economy
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We're in 'big' trouble

Business
by Bill Newton
Posted 7/18/15, 11:51 am

In recent years, businesses—particularly insurance companies, banks, automakers, and defense contractors—have consolidated into bigger and bigger entities. Is this ethically beneficial to a burgeoning capitalistic society? The beauty of capitalism is that good products/services provided at desirable prices will capture a market. Good decisions and implementation are rewarded. Poor ones result in failure. Bigness changes this equation. Let’s look at five arguments against the bigness trend:

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Associated Press/Photo by Jeff Roberson (file)

Government suspects airline collusion keeping ticket prices high

Business
by Abby Reese
Posted 7/03/15, 09:50 am

The U.S. government is investigating four major airlines for colluding to limit available seats to keep prices high.

On Tuesday, American, Delta, Southwest, and United airlines received letters from the Justice Department demanding copies of all communications between the companies.

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Associated Press/Photo by Pablo Martinez Monsivais

Small business owners warn extending overtime pay will kill jobs

Business
by Abby Reese
Posted 7/01/15, 10:35 am

President Barack Obama has proposed an overhaul of the nation’s overtime pay rules that could require business owners to pay billions more for overtime.

“We've got to keep making sure hard work is rewarded,” Obama wrote in an op-ed published Monday on The Huffington Post website. “That’s how America should do business. In this country, a hard day's work deserves a fair day's pay.”

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