Competition

Yesterday the New York Stock Exchange (NYSE) experienced a technical "glitch", and all trading was halted for a few hours.  Yet to the average investor, this was a non-event.  Had this happened a decade or more ago, this would have been a major disruption, as it would have brought a large part of the US financial system to a complete stop.  But in the last dec

Last week, the Department of Justice opened an investigation of the airline industry to determine if the major carriers are colluding to keep fares high.  I have no idea if they have colluded, but one thing is for sure, there is far less competition due to decades of carrier mergers.  These mergers were sold to the public as ways to cut costs and deliver better service.  Does any