Justice Dept. to File Landmark Antitrust Case Against Google

By Associated Press – Re-Blogged From Headline Wealth

The Justice Department is expected to file a lawsuit Tuesday alleging that Google has been abusing its online dominance in online search to stifle competition and harm consumers, a person familiar with the matter told The Associated Press.

The lawsuit marks the government’s most significant act to protect competition since its groundbreaking case against Microsoft more than 20 years ago. It could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of major tech companies including Apple, Amazon and Facebook at both the Justice Department and the Federal Trade Commission.

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“Tech Wreck,” “Techlash,” “Techmageddon” – Whatever You Call It, Wall Street Is Terrified Of It

By John Rubino – Re-Blogged From Dollar Collapse

Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the US stock market depended on, like, ten Internet stocks with negative aggregate earnings. The resulting inverted financial pyramid was, the critics claimed, very easy to tip over.

They were right of course. But apparently not right enough to keep us from repeating the same mistake. From today’s Wall Street Journal:

Warning Sign: Tech Stocks Are Dominating Global Markets Like Never Before

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