3 Followers
38 Following
416 Posts
😂

FORTUNE: Consumer prices pushed up mostly by corporate profits, new Groundwork Collaborative study finds

"Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That’s a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth."
#greedflation #economy #inflation

https://fortune.com/2024/01/20/inflation-greedflation-consumer-price-index-producer-price-index-corporate-profit/

‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs

‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs.

Fortune
Indeed, a whole 76 of them!

Interesting article on several levels.

https://www.theguardian.com/news/2024/jan/16/the-tyranny-of-the-algorithm-why-every-coffee-shop-looks-the-same?CMP=Share_iOSApp_Other

Concretely: it suggests Facebook and Instagram blackmail their business customers. They seem to throttle the reach of companies with a large number of followers after some time, unless it buys advertising at Facebook and Instagram. Has this been reported/covered in more depth elsewhere?

The tyranny of the algorithm: why every coffee shop looks the same

The long read: From the generic hipster cafe to the ‘Instagram wall’, the internet has pushed us towards a kind of global ubiquity – and this phenomenon is only going to intensify

The Guardian

A federal judge threatened to kick Donald #Trump out of court after the former president repeatedly made comments within earshot of the jury hearing a civil defamation trial against him.

https://www.politico.com/news/2024/01/17/you-just-cant-control-yourself-judge-threatens-to-kick-trump-out-of-courtroom-00136133?cid=politico_mas

‘You just can’t control yourself’: Judge threatens to kick Trump out of courtroom

Lawyers for E. Jean Carroll accused Trump of muttering "it is a witch hunt" within earshot of the jury.

POLITICO
I'm sure the documentary about the fall of American democracy will be fascinating but living through it is bullshit.
I think the Substack discourse is good and that we should really be asking "why are Nazis okay but sex isn't" for nearly everything involving our society.
All of your substacks could have been a blog post
I think a lot of introverts are just former extroverts who finally realized that most people suck.

Rufo: I believe Black people in places of influence have their places illegitimately
Media:

Rufo: I'll smear Harvard's president
Media:

Rufo: I'll target her specifically because she is Black
Media:

Rufo: The media will help me; they have no guard against such manipulation
Media:

Rufo: Hey media here's the smear
Media: 700 STORIES A DAY ABOUT THIS FOR SOME UNKNOWABLE REASON

Rufo: haha one down, more to come
Media: congrats stranger; would you like an op-ed?
Rufo: sure, I'll use it to brag