3299 - The Primary Race That Could Tip The Senate, & Real Estate Fees Crushed By Anti-Trust w/ David Dayen

It's News Day Tuesday! Sam and Emma break down the biggest headlines of the day. But first they speak with David Dayen, executive editor at the American Prospect, to discuss his recent piece regarding The National Association of Realtors decision to end their practice of 6% agent commission sales for residential home sales. Sam and Emma run through updates on today’s primary elections, the funding of the US government, UAW expansion, the Supreme Court, Donald Trump’s financial woes, Biden’s approach to Israel’s continuing siege, and the new asbestos ban, also, Donald Trump reinforces his station as the true candidate for Jews. David Dayen then joins, parsing through the history of the real estate industry (and the National Association of Realtors) and their system of price-fixing standards via the use and abuse of commission fees to qualify for listing on the Multiple Listing Service (MLS). Expanding on this, Dayen walks through last year’s class-action anti-trust suit in Missouri that saw a jury hit the National Association of Realtors with $1.8 billion in damages, as well as the copycat cases that have since cropped up across the country, resulting in a massive settlement alongside the end of the industry’s commission-based price fixing tactics, before walking through the major impacts this could have on the US housing market in terms of lower fees, greater affordability, and a weaker realty lobby. After briefly touching on what this case tells us about the growing power of anti-trust in the US, David, Sam, and Emma wrap up with Google’s continuing anti-trust problems. Sam and Emma also watch some highlights from Donald Trump’s recent rally in Ohio, and parse through the UAW’s ongoing expansion.

And in the Fun Half: Sam and Emma parse through recent polling around the coming US election, with the majority of the country disapproving of either candidate, and the major impact that Biden pivoting to an agenda based around Social Security and Medicare could have, in contrast with the genuinely negative impact Biden’s immigration pivot has had. They also watch the lowlights from Don Lemon’s “hard-hitting” interview that had Elon Musk so unsettled, hear from Musk’s value-tainment sycophants, and talk with Brendan from Washington about the Optum RX hack. Tim Pool struggles to avoid talking about Israel, plus, your calls and IMs!

Check out David's piece here: https://prospect.org/justice/2024-03-18-landmark-settlement-breaks-up-real-estate-cartel/

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