FCC approves T-Mobile deal with Sprint in
The Federal Communications Commission approved the $26.5 billion combination of Sprint and T-Mobile on a 3-2 party-line vote.
The wireless merger still faces opposition from a coalition of state attorneys general, who argue the deal is bad for competition. The companies won’t merge while litigation persists.
The antitrust trial is scheduled to start in New York in December.
FCC Chairman Ajit Pai, a Republican, backed it months ago citing the companies’ promise to build out a next-generation 5G network to many rural areas, improving internet access.
The Democratic commissioners said going from four to three major wireless companies will mean higher prices for consumers. They said it will be difficult to enforce promises made by T-Mobile and Sprint.
Fed survey finds economy being hurt by trade battles
WASHINGTON | The U.S. economy was expanding at a modest pace in September and into October despite the fact manufacturing was being hurt by rising trade tensions and weaker global growth while adverse weather was affecting farmers.
The Federal Reserve, issuing its latest assessment of business conditions around the country, reported Wednesday that “persistent trade tensions and slower global growth” were weighing on the economy.
The survey, known as the beige book, will be used by Fed officials when they meet Oct. 29 and 30 to decide whether to cut interest rates for a third time this year.
Jim Beam Airbnb rental
to cost the
price of a bottle of bourbon
CLERMONT, Ky. | For about $23 bucks, you can either get a bottle of Jim Beam bourbon or spend a night at the company’s distillery in Kentucky.
The Courier Journal reported the company has posted the Clermont property on Airbnb, with reservations running from Oct. 21 through the end of the year. The online posting said Jim Beam American Stillhouse renters will “join the Beam family for a weekend and live like one of Jim Beam’s seven generations of Master Distillers.”
It said stays at the property built in 1919 includes a distillery tour and tasting. The posting also promises that the three-bedroom, two-and-a-half bath rental comes with a bar fully stocked with premium Jim Beam bourbons.
The posting is signed by Fred Noe, the seventh generation master distiller and Beam’s great-grandson.
— From AP reports