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News18
10-06-2025
- Sport
- News18
Small Market? Not A Worry Now: How The New Era Of NBA Superstars Are Redefining The League
Last Updated: The NBA Finals so far have delivered beyond expectations, with the series stands tied at 1-1 currently, with the spoils for the best among the Pacers and the Thunder to take. An unlikely NBA Finals matchup between two rivals who have never been to the promised land. But one that the game needed and deserved. For a long time, basketball, especially the NBA, was ruled by dynasties. From the Showtime Lakers to the Jordan-led Chicago Bulls to the new-age Golden State Warriors, the game witnessed multiple eras defined by clear-cut winners who were head and shoulders above the rest. But the new era of players in the NBA has redefined the game and the competition, with this year marking the seventh year in a row that a new champion shall be crowned, a first-ever in the history of the league. 'I'm really encouraged about what we're seeing here in terms of the level of competition and really the openness of the competition. Going into the playoffs, you could have picked any number of teams that could have made it to this point. And I think that balanced competition is good for fans around the world. You're getting to see different players emerge again, to see different teams emerge, and it doesn't necessarily mean the end of dynasties," stated NBA Deputy Commissioner and COO Mark Tatum in a global media roundtable. 'At the end of the day, what we sell is competition. When you look at the parity that exists in the league, you know this is this again, the 7th NBA champion in seven different seasons. That's the first time that's ever happened. And what we're seeing is that interest in the NBA has never been greater. So the more fans, the more teams who think that their team has a chance going into the season, we think, is better for the NBA." Albeit a first-time matchup, the seeds for the rivalry this season in the NBA Finals, though, were sown years ago. Back in 2017, when Shai Gilgeous-Alexander was about to enroll at Kentucky and Tyrese Haliburton was preparing for his senior year of high school in Wisconsin, the Indiana Pacers traded Paul George to the Oklahoma City Thunder, acquiring Domantas Sabonis in return. In 2019, the Thunder traded George to the Los Angeles Clippers for a package that included Gilgeous-Alexander. Later, in 2022, the Pacers traded Sabonis to the Sacramento Kings for a package that included Haliburton. Many a fan may have had reservations about what having two relatively small-market teams in the Finals would entail for the league and its popularity. But, in the eyes of the NBA, the level of play has spoken for itself, and in turn, has yielded historic results in all facets. 'What I would say to the two small markets is that market size is not as significant a factor as it once was in driving fan interest," Tatum stated. 'I'd also say that while traditional TV viewership, you know, certainly maybe influenced by market size, we've seen strong viewership throughout these playoffs for both big and small market teams. 'Our opening weekend was the most-viewed opening weekend of the playoffs in 25 years. Our Eastern Conference Finals was the most-viewed Eastern Conference Finals in seven years." 'Overall, our numbers from the playoffs this year are up, you know, versus last year. And on top of that, our social and digital engagement is at a record level. So, because of digital and social media, our teams, their star players, regardless of what market they play in, these players are household names and not just across the US but globally. So these players have playoffs, have delivered some incredible basketball, and I expect the Finals to drive interest from a global audience." Well, the Finals so far have surely delivered beyond expectations. With Haliburton leading the Pacers to a scintillating steal of Game 1 and OKC's Gilgeous-Alexander punching back with a dominant 34-point performance in Game 2, the series stands tied at 1-1 currently, with the spoils for the best to take. Game 3 shall take place in Indiana on June 12.
Yahoo
05-05-2025
- Business
- Yahoo
Critics say Ohio Rep. Jim Jordan wanted to gut antitrust agency as favor to billionaires
Ohio U.S. Rep. Jim Jordan stands with dozens of people calling for stopping the vote count in Pennsylvania on Nov. 5, 2020 in Harrisburg, Pennsylvania. (Photo by) U.S. Rep. Jim Jordan of Ohio wanted to slip a sweeping measure into a spending bill that would gut the Federal Trade Commission. Critics say it's no coincidence that the FTC is suing mammoth health care conglomerates and tech giants like Amazon. Jordan is chairman of the powerful House Judiciary Committee. Last week, it released a version of a bill that included tax cuts, federal spending cuts and more spending at the border. It also contained provisions that would give Trump sweeping new powers to gut government regulations. It would also transfer funds and personnel currently controlled by the FTC to the Antitrust Division of the Justice Department — without the FTC's unique enforcement authority going with them. The measure was abruptly nixed, but it would have effectively killed antitrust powers Congress created more than a century ago. Amid abuses to consumers by big corporations, the Federal Trade Commission Act was passed in 1914. Antitrust enforcement by the Department of Justice dates back further, to 1903. But the Justice Department is overseen by the attorney general, a presidential appointee. Attorneys general traditionally have had a high degree of independence, but Trump is said to be politicizing the Justice Department at a breakneck pace. The FTC was created in part to be more independent. It's governed by commissioners from both parties who are appointed to fixed terms that can be renewed. Earlier this year, Trump tried to fire the two Democratic commissioners, but they say the move was illegal, and they're fighting it in court. Antitrust advocates said Trump was doing that as a favor to his billionaire supporters such as Elon Musk. The two Democratic commissioners, Alvaro Bedoya and Rebecca Slaughter, acted to block the Kroger-Albertson's mega-merger, and they voted to sue Amazon, saying it is 'illegally maintaining monopoly power.' Under Jordan's leadership, the Judiciary Committee in 2023 attacked the FTC on behalf of Musk. He's the world's richest man, whom Trump is allowing to make deep cuts to federal programs for the elderly, veterans, the poor, and agencies that promote science and health. 'THE WEAPONIZATION OF THE FEDERAL TRADE COMMISSION: AN AGENCY'S OVERREACH TO HARASS ELON MUSK'S TWITTER,' read the all-caps title of the Jordan-led committee's report. A year earlier, the FTC had charged Twitter with using deceptively gathered data from users to target ads at them. If true, it would be added to the fact that an unofficial, Musk-run entity is now collecting much more sensitive government data. It's raised concerns among several federal judges who said such collections invite abuse and likely violate the law. 'One of Elon Musk's Department of Government Efficiency lieutenants working in the Social Security Administration has been pushing dubious claims about noncitizens voting, apparently using access to data that court records suggest (the so-called Department of Government Efficiency) isn't supposed to have,' NPR reported earlier this month. The proposal from Jordan to gut the FTC could have halted major initiatives to regulate giant health conglomerates that own powerful pharmacy middlemen, said Bedoya, one of the commissioners Trump is trying to fire. Jordan's office didn't respond to a request for comment on this story. Each of the three conglomerates — UnitedHealth Group, CVS Health and Cigna-Express Scripts — is among the 15 largest corporations in the United States. Each owns a top-ten health insurer and each owns a pharmacy middleman known as a pharmacy benefit manager, or PBM. Combined, the PBMs control nearly 80% of the insured drug transactions in the United States. They decide which drugs are covered and use that power to extract rebates from drugmakers. They also determine varying reimbursements to pharmacies — including ones owned by their parent companies as well as the pharmacies with which they compete. Critics — including four-fifths of state attorneys general — say they have a conflict of interest under the arrangement, and that they abuse it. Last October, the FTC sued the conglomerates, saying they used their dominance in multiple parts of the marketplace to illegally jack up the price of insulin — a drug millions of diabetics need to survive. The lawsuit comes after the agency in 2022 undertook a major investigation of the health conglomerates. In January, it released an interim report accusing the PBMs of using their dominance to instigate wild price hikes and possibly steer business to affiliated pharmacies. Politico recently reported that Jordan said his move to consolidate the FTC into the Justice Department was meant to 'address the cost of over-regulation.' 'Part of our jurisdiction in Judiciary deals with regulatory concerns and so we are looking at … spending and costs associated with certain regulations. That's why that language is written the way it was,' Politico reported him as saying. Many businesses facing regulation — and their advocates in government — have long focused only on the costs. But government regulation can also protect health, safety, the environment, economic stability and competition. Some researchers have said regulation can always be smarter, but its benefits far outweigh the costs. In a social media post last week, Bedoya, the FTC commissioner, said Jordan's proposed changes to the agency served another agenda. 'This will gut the FTC,' Bedoya wrote. 'FTC is trying to finish a study that already showed how pharmacy middlemen mark up cancer drugs by up to 4,000%. It's also suing them for allegedly competing to raise insulin prices. If this passes I have no idea what'll happen to that study and lawsuit.' Bedoya added, 'Take the lawsuit. The draft bill purports to transfer FTC lawyers and lawsuits to DOJ — but it doesn't transfer the laws that FTC enforces, or authority to enforce those laws. Look (at) page 98 — employees, assets, funding — but no authorities.' Bedoya also said that when it created the FTC, Congress meant to augment the government's antitrust powers. Jordan's changes would remove the government's ability to police 'unfair methods of competition,' Bedoya said, implying that Jordan was trying to slash the government's power to police wealthy corporations in an era when the political influence of the mega-rich is exploding and the wealth gap is yawning. 'The purpose behind the FTC's creation in 1914 was to supplement the existing enforcement mechanism (and enforcement gap created by) the Department of Justice,' Bedoya said on X. 'When FTC was created in 1914, it alone was authorized to stop something called 'unfair methods of competition.' DOJ did not get this' under Jordan's proposal. SUPPORT: YOU MAKE OUR WORK POSSIBLE
