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Posts Tagged ‘collusion’

Five years ago if someone had described an ongoing effort to unseat a sitting president — complete with salacious allegations about collusion with hostile foreign nationals — would any of us have believed it?

Five years ago if someone had described a leading political candidate under active FBI investigation — with the director of the FBI issuing an unprecedented public comment in the lead-up to the election — would any of us have believed it?

Five years ago if someone had said that a grassroots campaign with a passionate following involving a long-term U.S. senator would be undermined by no less than the Democratic National Committee — would any of us have believed it?

Five years ago if someone had said that a foreign power would stage demonstrations on American streets for and against our presidential candidates — while unleashing bots, hackers and fake news on social media — would any of us have believed it?

With each scandal-of-the-day rocketing out of newsrooms at breakneck speed, it is difficult to step back and appreciate how downright bizarre the past four years in American political history have been. Taking the long view while in the midst of the fray isn’t easy — but it’s a necessary step if we want to learn anything constructive from one of the most contentious periods in modern American history.

The list of dubious “firsts” that marked the 2016 presidential election and its aftermath will no doubt be the subject of historical fascination for years to come. Among them: (more…)

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Dynamic pricing, long the norm for airline tickets — the same computer-generated practice responsible for hour-to-hour price shifts for hotel rooms and goods sold on Amazon.com — has come to bear on the nation’s housing markets. Day-to-day increases and decreases, worth hundreds of dollars, are not out of the ordinary in many rental markets. Society must decide: Are such trends genuinely reflective of market demands or are high-speed revenue management programs also driving market trends in much the same way high-frequencey trading has been criticized for spawning stock market volatility?

Key Questions:

1) Does the emergence of dynamic pricing in the real estate sector allude to a sophisticated means of price fixing and collusion?

2) Should we amend laws pertaining to “unfair advantage” to account for novel forms of technology — to compensate for the reality that ordinary consumers are no match for a multimillion-dollar computer algorithms?

3) We might be able to walk away from an over-priced hotel room or airline ticket — to vote with our pocketbooks. But we don’t have the luxury of skipping out on necessities like food and housing. Should dynamic pricing strategies be employed in all markets — even those for which bubbles and busts may have a particularly invasive, deleterious reach?

How has dynamic pricing impacted housing costs in your neck of the woods? Join the discussion in the comment section!

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TIME

In strong-growth markets like Charlotte, landlords are adopting dynamic pricing strategies similar to the airlines and Amazon.com—meaning the asking rent price for apartments can change by hundreds of dollars in the blink of an eye.

The Charlotte Observer recently took note of how commonplace it’s become for rent rates at large apartment complexes in the city to be dictated by software algorithms that track supply and demand — and then tweak asking prices accordingly. The result is that if a handful of units are scooped up by renters over the course of a weekend, the monthly rental rate for similar units in the complex could soar on Monday, if not sooner.

Rent prices can and do change all the time, occasionally with quick, dramatic swings. During one particularly volatile ten-day period, the Observer tracked the monthly rate for a one-bedroom apartment at one complex as it rose from $982 to…

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