By CH, submitted on Sat, 29/03/2008 - 16:34
It's quite dry and contains no analysis but this Cryptome copy of a US Dept of Justice anti-monopoly filing is potentially interesting for a couple of reasons. It is against the takeover of news agency Reuters by business information provider Thomson. The objection is the monopoly it creates on the provision of market "fundamentals" data, the stuff used to produce the graphs of stock results and economic trends. Those in turn are used to produce the analyses of all the economic things that your bank uses to decide what to do with your money. Now this takeover was announced nearly 3 years ago leading me to speculate: is it because the US realises, given the current sub-prime market "crisis" that this is the kind of information that they don't want people to control. Or is the objection because they don't want a UK-Canadian company controlling that knowledge, given the damage it can do to the fragile US economy. Just wondering.