Apple Working Against the Public Interest, Insists Justice Department
The Justice Department maintains that Apple's agreement with major publishers over how it markets e-books prevents its competitors from setting prices that would benefit consumers.
What's the Latest Development?
The Justice Department maintains that an agreement brokered by Apple with major publishing companies, including Penguin, Simon & Schuster and HarperCollins, constitutes a disincentive for competition in the e-book market. While the government has tried to settle the case, Apple continues its legal battle, prompting the Justice Department to remark that its objection is "a naked attempt by Apple to have its competitors’ ability to compete on price constrained – to take away the nearly unfettered ability to discount that a retailer who desires to compete would embrace but Apple fears."
What's the Big Idea?
The agreement which Apple struck with major publishers, in response to Amazon's pricing all e-books at $9.99, has become known as the 'agency model.' Under the agreement, publishers were free to set their own prices so long as Apple was given 30% of e-book sales. Apple has received, however, the support of the influential New York Senator Chuck Schumer, who argues that the agency model has "introduced more competition, offered readers other platforms from which to buy books and was, ultimately, in the long-term interest of the publishing industry." If no settlement is reached, a trial is expected next summer.
Photo credit: Shutterstock.com
We're more dependent on them than we realize.
- Scientists says our survival depends on biodiversity.
- A natural climate strategy we often forget.
- Seeing our place among the Earth's living creatures.
There's a high social cost that comes with lighting up.
While short-term results are positive, there is mounting evidence against staying in ketosis for too long.
- Recent studies showed volunteers lost equal or more weight on high-carb, calorie-restricted diets than low-carb, calorie restricted diets.
- There might be positive benefits to short-term usage of a ketogenic diet.
- One dietician warns that the ketogenic diet could put diabetics at risk for diabetic ketoacidosis.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.