AdamSmithBlawgletter has lately started scanning news reports about the U.S. Justice Department Antitrust Division's bid to block the minnow-eats-whale merger of U.S. Airways and American Airlines. Wowsers.

Let's start by saying we've found that the biz reporters have a not-very-good grasp of antitrust law. A terrible one in fact. They seem to think that whatever

OctopusOn Aug. 12, the AAntitrust Division of the U.S. Department of Justice joined with the attorneys-general of six states and the District of Columbia to file a lawsuit to stop the merger of AMR, which owns American Airlines, into U.S. Airways. You can see the complaint here.

The filing took Blawgletter by surprise. Living in DFW, which

E-bookDid Apple collude with publishers to jack up the price of e-books?

You betcha, U.S. District Judge Denise L. Cote ruled in Manhattan today after a three-week trial.

NYT story here, WSJ there.

A damages trial will follow.

Apple pursued a nutty defense, which held that it and the publishers did no wrong

1998-134-4_newSnappy reclines. The Empire State Building looms in the mid-distance. Bitey consults his notes. He clears his throat.

Bitey:    The U.S. Supreme Court's summer break started last week, Snaps, and the time has come for us to look at the . . . uh . . . results of the 2012-13 Term for those commercial cases

Five members of the U.S. Supreme Court must think that class actions do nothing but bad.

They must believe that Rule 23, which allows class actions, rots the moral fiber of our citizens.

That it stands as an insult to our noble but fragile job-creators, who respond by withholding their business genius and in their