Robert-in-YEG
Well-Known Member
I thought Elvis lives on Venus? I could be wrong.........Epstein is alive and well living on the ISS so no one can find him...with Elvis.
Robert-in-YEG
I thought Elvis lives on Venus? I could be wrong.........Epstein is alive and well living on the ISS so no one can find him...with Elvis.
Just a few months earlier, in November 2020, Walgreens paid a $4.5 million settlement to resolve a class-action lawsuit alleging that it stole wages from thousands of its employees in California between 2010 and 2017. The lawsuit alleged that Walgreens "rounded down employees' hours on their timecards, required employees to pass through security checks before and after their shift without compensating them for time worked, and failed to pay premium wages to employees who were denied legally required meal breaks."
So this is a story of a corporation that stole millions of dollars from its own employees. How much news coverage did it generate? There was a single 221-word story in Bloomberg Law, an industry publication. And that's it. There has been no coverage in the New York Times, USA Today, CNN, or the dozens of other publications that covered the story of a man stealing a few hundred dollars of merchandise.
Maybe we need unions to protect employees? Yeah, I know its not a new approach.
I sure remember seeing this story basted everywhere this summer:
A guy shoplifted somewhere between $200 and $950 from a SF Walgreens. It generated well over 300 stories. The NYT, CNN, Fox all gave it a ton of coverage. Most used it as proof that there's no consequences for stealing in San Francisco. Except, the guy was arrested and is facing multiple felony charges. He's been held, without bond, since the summer. For his crimes against Walgreens. Yep, we should all feel real bad for this company...
Walgreens stole millions of dollars from their employees. Are any of their executives sitting in a prison cell right now? Nope. They simply had to pay about 22% of the money they stole back to their employees. No harm no foul. Oh, and during the exact time Walgreens was stealing millions from their workers, their CEO saw his pay increase from $7,000,000 to $17,483,000 per year.
Given that the news media is so concerned about theft, you'd imagine there were HUNDREDS of stories about this crime. After all, if a guy stealing hundreds out of desperation ruled an entire news cycle, obviously executives stealing millions out of pure greed is a huge story. Right?
So, nothing. Zero coverage.
Just a quick reminder to everyone: the biggest thieves and looters in this country all wear $5,000 suits, and sit in corporate boardrooms. Wage theft dwarves every other form of property crime in terms of raw dollars. And it almost always goes unpunished. Its victims rarely made whole. And the thieves never see the inside of a jail cell.
Remember this the next time corporate media tries to make you upset about petty crime committed by desperate people. They're simply trying to distract you from the much larger crimes being committed by their corporate peers.
that's when I found out how much more I was making at the supermarket because of the union and came to appreciate the union protecting the employee in other areas.
And if the union fee wasn't enough to turn them off the company's management will also try to convince the employee that "we're all family here" and don't need any outsiders telling "US" what to do.
One would think you need to be a special kind of stupid to believe the least powerful people in a society are responsible for all the problems. However there is thisJust a quick reminder to everyone: the biggest thieves and looters in this country all wear $5,000 suits, and sit in corporate boardrooms. Wage theft dwarves every other form of property crime in terms of raw dollars. And it almost always goes unpunished. Its victims rarely made whole. And the thieves never see the inside of a jail cell.
Remember this the next time corporate media tries to make you upset about petty crime committed by desperate people. They're simply trying to distract you from the much larger crimes being committed by their corporate peers.
Just before the pandemic, in 2019, American non-financial corporations made about a trillion dollars a year in profit, give or take. This amount had remained constant since 2012. Today, these same firms are making about $1.73 trillion a year. That means that for every American man, woman and child in the U.S., corporate America used to make about $3,081, and today corporate America makes about $5,207. That’s an increase of $2,126 per person.
Taking all of this together, it means that increased profits from corporate America comprise 44.7% of the inflationary increase in costs. That means corporate profits alone are absorbing a 3% inflation rate on all goods and services in America (44.7% of 6.8% annual inflation), with all other factors causing the remaining 3.8%, for a total inflation rate of 6.8%.
Haha, Fox News what a joke...Rupert Murdoch could not get away with his bullshit in Oz so he moved to a more bullshit receptive place and has literally made a killing!
Rupert Murdoch could not get away with his bullshit in Oz so he moved to a more bullshit receptive place and has literally made a killing!
Admittedly, I don't consume a ton of news anymore. But it seems like any time I do and the subject of inflation comes up, the news is really fucking Fake. When inflation complaints started popping up, I wondered "how much of what is being called inflation is just businesses padding their prices to make up for a slow 2020?" It turns out, that's most of it.
Corporate Profits Drive 60% of Inflation Increases
Higher prices aren't just a result of supply chain chaos or government spending. Inflation is being driven by the pricing power and higher profits of corporations, costing $2,126 per American.mattstoller.substack.com
Current inflation is pegged at about 6.8%. If the US corporate rate of profit remained the same as it held from 2012-2019, inflation would be at 3.8%. Up from 1.8% pre-pandemic. That would be far more manageable. It would mean the difference between a raise and a pay cut for workers like my girlfriend. Her 5% raise is now a 1.8% pay cut. Mostly because of pure corporate greed.
So why is this is the "Fake News" thread? Because every time I turn on the news, the explanation I hear for inflation is the government created too much money with the pandemic stimmy. When in reality, that was not the major cause of price increases. If inflation is up 5% from pre-pandemic levels, and 3% of that is explained by corporations simply padding their after cost profits, then only 2% max could be caused by the government money printer.
And that 2% isn't just stimmy spending alone. It also includes all the supply chain disruptions. Because the same business geniuses driving current inflation with price gouging also built an entire global supply chain on thin ice. So when the pandemic hit, the whole thing fell apart.
The line that stuck with me from the Fake News Media is that "inflation is taxation without legislation." And they're 100% correct. This current "tax" wasn't decided by legislators. It was almost entirely enacted by unelected corporate executives. And they're able to get away with it because their partners in the corporate media are busy blaming inflation on some poor schmuck who cashed a$2000$1400 stimmy check a year ago.
Desmond Lachman, a senior fellow at the American Enterprise Institute think tank, said that blaming current price increases solely on corporations is "very far fetched."
Northwestern University economics professor Mark Witte agreed that corporate price hikes are an unlikely culprit for inflation. "Logically, it takes a change to explain a change. You see something happen that hadn't happened before," he said.
No money in that...a long-drawn-out conflict for all those weapons manufacturers and the pollies they pay so they can all make a 'killing' is all that will happen...with no US casualties they will hope it lasts forever.cleanse the earth in nuclear fire.
No money in that...a long-drawn-out conflict for all those weapons manufacturers and the pollies they pay so they can all make a 'killing' is all that will happen...with no US casualties they will hope it lasts forever.