😂
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
Interesting article on several levels.
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?
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.
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