Congress demands to know why text message prices have skyrocketed
Filed under: Budgets, Extracurriculars, Technology, Recession

Early this week, Sen. Herb Kohl, who chairs the Antitrust Subcommittee in the Senate Judiciary Committee, sent a letter to the big four cell phone providers to demand they account for their outlandish recent price increases on text messages. Since 2005, the price of a text message has doubled to an industry standard of 20¢, and perhaps not so coincidentally, it has done so with all four phone providers: T-Mobile, AT&T, Verizon, and Sprint.
Kohl, a Democrat from Wisconsin, demanded that the cell phone companies show him paperwork about their price structures, including evidence of what made them decide to raise rates in such a dramatic way. The rate hikes, Kohl says, were "hardly consistent with the vigorous price competition we hope to see in a competitive marketplace," and he intends to look into them.
Scrolling through Forbes' new slideshow of America's Fastest Dying Industries can easily get the mind wandering on a Big Lebowski tangent. Okay, maybe that's a stretch. But, the fact that our nation may suffer a dearth of bowling alleys and beer seems a little disconcerting.
At first, I thought, "They're crazy."
Maybe you're a thrifty sort. Maybe you disdain the culture's love of all that is new and shiny. Or maybe you're just an early adapter (Like Gordon Gekko here on the right) who for some reason never upgraded. In other words, maybe you're one of the few Americans who still uses an 