#profits
#X Clearly #Profits from Widespread #MusicPiracy, #Labels Argue
https://torrentfreak.com/x-clearly-profits-from-widespread-music-piracy-labels-argue-230925/
“President #Biden is doing what he has always done, which is to stand w/ #American #workers,” #Transportation Secy Pete #Buttigieg told CNN’s “State of the Union” on Sunday. Defending the president’s decision to visit, Buttigieg added that a strong deal would be a “win-win” for both parties: “Record #profits should lead to record #pay & record #benefits for the workers.”
What few people know, is that Gurner’s view of the economy in general, and unemployment in particular, was debunked by economist Michael Kalecki in 1943.
“Michal Kalecki argued that government spending could ensure a permanent economic boom with both low employment and increased business profits. Crucially, however, Kalecki predicted that business executives would hate having what everyone else sees as a good economy, because it would allow regular people to be less subservient to them. For the business class, no amount of money can replace the daily joy of watching your inferiors grovel when in your presence.”
https://theintercept.com/2023/09/23/tim-gurner-speech-unemployment/
#inflation #economics #economy #profits #labor #labour #cost #corporate #profit #unemployment #employment
Meanwhile, the rich harbours opinions such as this:
"We need to remind people they work for the employer, not the other way around. We need to see unemployment rise. We need to see pain in the economy."
— Tim Gurner, Gurner Group CEO
https://www.youtube.com/watch?v=K4-2MD76mvI
#inflation #economics #economy #profits #labor #labour #cost #corporate #profit #unemployment #employment
Making it personal. Globally. Cost savings for business. There is great profit to be had in dumping toxins and waste into nature. Do we dump our garbage in the streets?
https://news.un.org/en/story/2023/09/1141312
#StitchedInkMedia #Politics #Climate #Profits #Business #HumanRights #Nature #Science #UN #Waste #Health #Humanity #Present #Past #Future #NextGeneration
What is climate injustice? Making it personal. When excessive industry profits are offset through the lessened personal health and livelihood of billions of people globally: while overtly resisting the need for change.
#StitchedInkMedia #Politics #Climate #Wildfires #ClimateChange #Injustice #Nature #Science #Health #Profits #RenewableEnergy #Polution
remote workers may produce LESS THAN HALF the #climate-warming emissions of ppl who work in offices
Working from home keeps employees & families safer from #COVID19
But CEOs force workers to return to the office so they can protect real estate #profits
https://www.washingtonpost.com/climate-solutions/2023/09/18/work-from-home-carbon-footprint/
Meanwhile in the global #supplychain;
At the far end (for many goods) in #China, there is currently ongoing #deflation in factory gate prices;
But, at least presently, it would seem that #profits at various stages in supply chains (as well as regulatory costs inc. #taxes), are swallowing up any extra margin(s) that might be caused by such deflation.
So, it real wages are lagging #inflation, taxes are stable & its not the Chinese suppliers, whose pushing up prices?
hmmmm...[scratches head]
As a world transitions, and competition increases, energy sources with the highest emissions will naturally become the first to be neglected. Words won’t matter. The choice of action is there now and growing exponentially.
#StitchedInkMedia #Politics #Energy #Nature #Science #Carbon #Words #Conference #Meetings #Action #Climate #ClimateChange #ClimateAction #Renewables #UN #World #Profits #Exponential #Change
»Western companies that have continued to operate in #Russia since Moscow’s full-scale invasion of #Ukraine have generated #billions of dollars in #profits, but the Kremlin has blocked them from accessing the cash in an effort to turn the screw on “unfriendly” nations.
Groups from such countries accounted for $18 billion (€16.8 billion) of the $20 billion in Russian profits that overseas companies reported for 2022 alone«
They're paying taxes to Russia, though.
The turnout in NY surprised organizers, & followed a weekend of #climate #protests #demonstrations in #Germany, #England, #Senegal, #SouthKorea, #India & elsewhere. They are the largest such protests since before the Covid-19 pandemic. And they come on the heels of the hottest summer on record, exacerbated by #PlanetaryWarming, & amid record #profits for #oil & #gas #companies.
#Germany really is the #UnitedStates of #Europe.
"Germany to give ailing #railway company more money"
#Capitalism via the drive for #profits for both the railway and the #AutomotiveIndustry dragged this system down to the point it's at.
https://www.euractiv.com/section/railways/news/germany-to-give-ailing-railway-company-more-money/
#PublicTransport #EuropeanUnion #EU #trains #socialism #environnement
If workers staying at home for a few weeks causes the entire global economy to shut down, then that should be a stark reminder that labor creates all wealth. Bosses and CEO’s only steal it.
#Capitalism #Profits = #wagetheft
#union #solidarity #iww
Meanwhile in #Hobart #truthinadvertising tags announce supermarket price gouging #profits from the #costoflivingcrisis.
Grassroots Action Network Tasmania (#GRANT) launched the campaign attaching imitation tags with mock slogans on them to supermarket shelves.
"Our right to profit is more important than your right to food. That's capitalism baby!" #Coles
"You deserve steak for dinner. You can't afford it, but you deserve it," #Woolworths
…he left no doubt his intention to make good on his 2020 campaign to always have the backs of the #unions.
“Over generations, #autoworkers sacrificed so much to keep the #industry alive & strong, especially the #economic crisis & the #pandemic,” #Biden said. “#Workers deserve a #FairShare of the #benefits they helped create.”
He added that the #automakers “should go further to ensure record #corporate #profits mean record #contracts for the #UAW.”
The strikes would come as the #union & the #BigThree — #GeneralMotors, #Ford & #Jeep maker #Stellantis — remain far apart on #wages, #benefits & worker #schedules after weeks of acrimonious talks. The union is demanding a #WageIncrease of 36% over 4 years, while the #carmakers have boosted their offers to between 17.5% & 20% over 4½ years.
The union’s president, Shawn Fain, has called those offers inadequate after years of sharp #inflation & fat corporate #profits & #ExecutivePay.
ACTION 📢 #Bercy , pas de #profits sur le dos des #DroitsHumains !
La société civile interpelle le ministère de l'économie sur son rôle négatif dans les négociations de la #Directive 🇪🇺 sur le #DevoirDeVigilance des entreprises ! #Stopimpunité
“Corporate profits have contributed disproportionately to inflation.”
1979—2019
- Corporate profits: 11.4%
- Labour cost: 61.8%
2020 Q2—2021 Q4:
- Corporate profits: 53.9%
- Labour cost: 7.9%
Tell me again how unionisation and increased wages is the main contributor to inflation.
#inflation #economics #economy #profits #labor #labour #cost #corporate #profit
The #US #legal system is not at all about #justice, but about justifying our #carceral #PrisonIndustrialComplex which imprisons people at a much higher rate than any other country—about as many as #China—while, obscenely, inhumanely, and unjustly, creating massive #profits for both "#PrivatePrison" #corporations and contractors for #government-run #jails and #prisons.
Our entire system must be rebuilt, and #courtrooms need to be included in that process.
(143) George Monbiot DESTROYS Rishi Sunak AND Keir Starmer - YouTube
https://www.youtube.com/watch?v=Zcn-LYa4fLE
#Pollution #Sunak #Rishi Sunak #Enviroment #George Monbiot #Water Companies #Profits #Tories #Sewage #Labour #Keir Starmer #Fossil Fuels #Global Warming #Climate Breakdown #Climate Change #Costa Rica #Heat Domes #Flooding #Forest Fires
Hey hey, ho ho;
$20k a day CEO’
Has got to go-go-go !
https://drive.google.com/file/d/1HAJms1bbMpbOi6uqTIdS49Pk7nk4Om2H/view?pli=1
#Coles #Special #Foodbank #CEO #Capitalism #Profits #WageTheft
@guardian
No story on #inflation is complete without a recap of #profits in the industries discussed
Q. which sectors nominal #wages are rising fastest?
so in the three months to June this is what (annualised) rises looked like:
#Retail - 7.7%
#Hospitality - 6.5%
#Manufacturing - - 8.2%
#construction - 5.8%
#health sector - 6.8% and
#financialservices - 9.4%
none of these (even the financial services) are enough to make up for the fall(s) in real wages over the last decade!
#inflation is coming from somewhere else.... might it be the 'maintenance' of #profits do you think?
data/FT
There is no argument too pathetic for the #NRA. Enhanced #backgroundchecks are an attack on law abiding citizens? Really? If they're law abiding, they'll pass the background check, just as they do now. What the NRA wants is a completely open system with no #regulations or #restrictions. They want this because it maximizes #gun purchases, and at the end of the day, the NRA is primarily a #lobbying group for the gun #manufacturers. It's all about maximizing #profits.
US pipeline protester has ‘no regrets’ after conviction for felony obstruction
https://www.theguardian.com/us-news/2023/sep/02/mylene-vialard-us-pipeline-protester-convicted
Mylene Vialard, 54, found guilty after Minnesota trial beset by legal irregularities after effort to block fossil fuel pumping station. “I did not get a fair trial and there were so many reasons for an acquittal and mistrial, this cannot be the justice system we have … I am not at all surprised by the verdict but I am surprised by the outrageous way the prosecution behaved,” said Vialard, a self-employed translator from Boulder, Colorado.
The Aitkin county prosecutor, Garrett Slyva, who is reportedly under investigation for alleged misconduct in North Dakota, has been contacted for comment.
#fossilbribery #corruptjustice #prosecutormisconduct #proceduralmisconduct #illegaltransmission #enbridgeowned #court #ALEC #Line3 #Minnesota #groundwater #pollution #wetland #bogs #profits #taxpayercleanup
#UK could quit ‘#ClimateWrecking’ treaty, minister announces -
The #EnergyCharterTreaty (#ECT) is a system of #SecretCourts that enables companies to sue governments over #policies that would cut their future #profits.
https://www.theguardian.com/environment/2023/sep/01/uk-could-quit-energy-charter-treaty-minister-announces
#ToryPoliciesInAction #TooLittleTooLate
#ClimateCrisis #FosilFuels #ProfitsBeforePeople
How the Amazon’s ‘greatest devastator’ sold cattle to a Carrefour supplier
Arrested by Brazilian Federal Police, cattle rancher Bruno Heller and relatives have already received over US$ 5 million in environmental fines. He is also suspected of land grabbing.
#cattle #amazon #deforestation #carrefour #capitalism #profits #foreign #interests #climatekiller
#Shelter's research suggests that over half of #workers in rental properties are only one payday away from falling into arrears & risking eviction....
The #insecurity of the poor is not some bug in the system, its a feature of the UK exploitative, rentier #capitalism that is structured around an insecure workforce in a weak bargaining position, so allowing the maintenance of #profits
[see also: the BoE's #interestrates policy (earlier post)]
#ONS research suggests that core #inflation in the UK is declining, which either suggests that the BoE's #interestrates policy is working or the real drivers of inflation in the UK are easing;
So, it will be interesting to see what the BoE does next... if they do not pause interest rate rises (or even reverse the rises) then we can safely say they're not really interested in inflation, but rather are seeking to discipline #workers while #profits are protected.
Watch & make your own judgment!
Once again the BoE is 'under pressure' to raise #interestrates (again) due to #wages rising... yet somehow when #profits are rising no such action is required.... I wonder why?
In any case, even if there have been record wage rises over the last couple of months, no-one is even pretending that this in any way catches up with #inflation (especially in food) leaving real wages still in decline.
The MPC, on this evidence, is happier to have a recession than see #workers maintain their pay levels!
An embarrassment of riches: Why our #corporate leaders are playing it cool on record #profits #australia #ausecon
https://www.abc.net.au/news/2023-08-15/corporate-leaders-play-it-cool-on-profits/102729222
With respect, the main purpose of Disney and the other studios and streaming services is to make money for their investors.
The fact that they are for-profit ventures is WHY they provide content. Other than maybe PBS, we wouldn't have much TV, movies, books, magazines, etc., without the corporate profit factor.
I am NOT saying they're NOT greedy. Yachts and mansions cost a lot. But we have to remember that serving the public with content is a means to an end, not an end in itself.
We need to keep that dynamic in mind as we evaluate their decisions.
#HSBC has more than doubled its profits in the first half of the year, benefiting from rising interest rates imposed by its mates at the Bank of England (ultimately HM Treasury)
It reported pre-tax #profits of $21.7bn (£17bn) in the first six months of 2023, up from $8.8bn during the same period last year,
Instead of making life easier for its customers, it's handing $2bn of this obscene and unearned amount to its shareholders and $2bn in tax free share #buybacks.
The banking giant #HSBC says its #profits have more than #doubled as it benefited from rising #interest #rates around the world. Europe's largest bank reported profits before tax of almost $22 billion - up nearly13 billion dollars on the same time a year earlier. The lender also saw its profits further boosted from its purchase of the UK arm of the now-defunct Silicon Valley Bank, which it bought in March for just over a dollar.
#BBCWorldService news
"Procter & Gamble on Friday reported quarterly earnings and revenue that beat analysts’ expectations, thanks to price hikes for products like Crest toothpaste and Pampers diapers." #inflation #profits https://www.cnbc.com/2023/07/28/procter-gamble-pg-q4-2023.html
Normal Island News
#BritishGas thrilled to announce they have made a killing
In this case, it was quite literally!
British Gas has reported an 889% increase in #profits in the first half of the year, racking up a sensational £969 million! In contrast, British Gas only made £98 million at this point last year. British Gas owner, #Centrica saw profits rise by a whopping 1,900% to £1.4 billion and Shell made £3.9 billion in just three months.
#Shell’s ‘obscene’ $5bn #profits prompt outrage amid #ClimateCrisis
Campaigners criticise plan to increase #oil and #gas production despite #ExtremeHeat in #Europe
https://www.theguardian.com/business/2023/jul/27/shell-profits-oil-gas-price-shareholders
#ToryPoliciesInAction #GreenPolicies #ProfitBeforePeople
#FossilFuels
#BigOil Made Record 2022 #Profits While Fleecing #California Families
Published: Jan 31, 2023
SACRAMENTO – "Oil company profit reports for 2022 are rolling in and the numbers tell the story we’ve suspected all along: Big Oil reaped record amounts as California families were fleeced at the pump.
Five major oil companies have reported their 2022 profits, smashing last year’s highs:
#Exxon: $55.7 billion — setting a company record and bringing in $6.3 million an hour
#Chevron: $36.5 billion – doubling their 2021 profits, with executives flaunting their “outstanding results” in an earnings call
#Marathon: $14.5 billion — Q4 profit of $3.32 billion surged 331% from previous year
#Valero: $11.6 billion – 866% higher than the previous year
#Phillips 66: $11 billion — Q4 profit of $1.9 billion up 46% over Q4 2021"
Source: Office of Governor #GavinNewsom
When it comes to a choice between the business owners and the #workers, the GOP sides with the #owners very time. #Republican politicians will always protect the owners’ #profits rather than the #health and well-being of the people whose #work produces those profits.
Why?
Because the #GOP cares far more about #money, and the #power and prestige it buys, than they do about the people and the country that they are supposed to be serving.
@emilymbender
A belated reminder that Meta sat in front of US Congress before and lied without repercussion
What has changed since then? Apart from #Zuckerberg trying to distance the company from the history of# privacy #breaches and misleading information, and a massive increase in #profits?
https://techcrunch.com/2018/04/11/facebook-shadow-profiles-hearing-lujan-zuckerberg
Followed by Blowout - "#ScrippsNews traces the path of #American #FossilFuels and their impact on #profits and the #planet."
The #CognitiveDissonance would be stunning if it weren't near-universal.
"We've been able to raise prices and consumers stay within our brands" #inflation #profits
Big #oil quietly walks back on #climate pledges as global #heat records tumble
Energy firms have made #record #profits by increasing production of oil and #gas, far from their promises of rolling back #emissions
V @MarkRuffalo
https://www.theguardian.com/us-news/2023/jul/16/big-oil-climate-pledges-extreme-heat-fossil-fuel?CMP=Share_AndroidApp_Other
Big oil quietly walks back on climate pledges as global heat records tumble
Energy firms have made #record #profits by #increasing #production of oil and gas, far from their promises of rolling back emissions
"The estimated [$123 billion] cost of environmental liabilities laid out in the report includes #cleanup or reclamation of #oilsands mines, #abandoned or #orphaned #oil and gas #wells, and #TailingsPonds."
“Now is when these companies are still making massive, massive, massive #profits. And they must be forced to use the profits, to use the revenues, to clean up their mess now.”
Oil companies are laughing while the world burns https://heated.world/p/oil-companies-are-laughing-while “#FossilFuel companies raked in record-breaking #profits this year, with major fossil fuel companies making nearly $100 billion in the first quarter. Last year, major fossil fuel companies earned a mind-boggling $457 billion. That’s a major incentive to ramp up production, regardless of the planetary cost.” #ClimateCrisis
The #gaslighting is palpable.
"Jamie Peters, the head of climate at Friends of the Earth, said it was “utterly ironic for #Shell to be calling anything ‘dangerous and irresponsible’”. "
"Alice Harrison, a campaign leader at Global Witness, said: “Following a year of record-breaking £33bn #profits, the only ‘danger’ Shell would see in cutting production is to their eye-watering profits."
"We saw Canada’s largest grocers’ food gross margins generally increase by a modest yet meaningful amount over the last five years. This longer-term trend pre-dates the supply chain disruptions faced during the pandemic and the current inflationary period.” #Inflation #corporatism #plutocracy #profits #oligarchy #greed #Food #inequality #RiggedMarkets #Cdnpoli #Cdnecon https://www.tvo.org/article/canada-must-do-more-to-protect-consumers-from-grocery-greedflation
And still the #CentralBanks continue to trot out the 'wage-price' spiral as the key cause of inflation, as justification for continued rises in #interestrates & the likely #recession that they are engineering.
Its about time they understood wage rises (where they are achieved) are a lagging factor - following inflationary pushes - not the cause.
In the UK that would require a clear appreciation of the role of #Brexit; more widely it needs a focus on the role of #profits & maintaining margins!
So, today #Facebook was slammed with a record #GDPR fine of 1.2 billion EUR for illegally transferring personal data to the U.S.
While this and the fact that #Meta was ordered to stop doing this by November is good news, let's not forget that the company makes 2 billion EUR in net #profits every month.
https://www.nytimes.com/2023/05/22/business/meta-facebook-eu-privacy-fine.html
#capitalism #billionaires #dpc #privcy #dataprotection
And you are still thinking glueing yourself to the road will change something?🤔
What we need is a fundamental change. Capitalism can't be fixed.
Via Twitter
@Broadcastscot
#ScotlandAt7 #news tonight at 7pm UTC+1. Donald C. Stewart presents, with guest Maureen Watt.
#BroadcastingScotland #Scotland #Ukraine #UKGov #AsylumSeekers #BP #profits #FoodPrices #inflation #ScottishChildPayment #TuitionFees #England #CostOfLivingCrisis #Hollywood #WritersStrike #ScotGov #FuelInsecurityFund #ferries
https://www.broadcastingscotland.scot/scotland-at-7-02-05-2023/
Cutting back #emission targets and bumper #profits - #BP reports stronger results
https://www.bbc.co.uk/news/business-65453952
Which do you think #plutocrats & #megacorps prefer?
A) Use #AI #automation to improve/maintain physical/economic #infrastructure to save the planet & ppl can live better, healthier lives where jobs are optional value-add to #UBI & #UHC?
or
B) Use #AI to max short-term #profits, muddy information, trap #consumers, replace #workers, divide #citizens, dismantle governments, subvert #justice so ppl are disunited, poor, powerless, desperate, even grateful to serve plutocrats’ interests for scraps?
Grocery chains boost profits by charging different prices for the same stuff
#Food #FoodPrices #Profits #FuckCapitalism #Canada #Ontario
https://www.cbc.ca/news/business/price-discrimination-column-don-pittis-1.6799620
If wages were pushing up prices, wages would be higher.
‘In a scathing open letter…current & former presidents… Nobel laureates, faith leaders,…civil society org’s & health experts say #Covid-19 #vaccines…had been developed with public funding but that #PharmaceuticalCompanies had exploited them to “fuel extraordinary #profits”… The letter urges world leaders to support a pandemic accord…currently under negotiation at the WHO & treat publicly funded medicines as “global common goods…’ | Guardian https://amp.theguardian.com/global-development/2023/mar/11/profiteering-of-covid-pandemic-must-never-be-repeated-world-figures-warn #PandemicTreaty #BizHumanRights
Well, well, well. who'd have thought; at a time of record #profits, when #energy firms say they need those profits to #invest & they shouldn't be subject to a #windfall tax, what do we actually see?
After a recent peak in 2014, investment by the industry has been bubbling along around half of that peak.
Sure, they're going to say there are special circumstances; for one or two years, perhaps but for eight years - No: looks like surplus extraction to me!
‘An #economic fairytale’: #Australia’s #inflation being driven by company #profits and not #wages, analysis finds | #Australian #economy | #TheGuardian
"Company profits, not wages, have driven the soaring inflation in Australia, an analysis from the #AustraliaInstitute has found.
The thinktank has released evidence of what it calls a “profit price spiral”, arguing big business #earnings account for 69% of the inflation that is above the reserve bank’s target range of 2-3%."
How is this story not blowing up right now? #norfolkSouthern #trainDerament #billionaires cheaping out while making #record #profits!
https://www.foxbusiness.com/lifestyle/ohio-mayor-norfolk-southern-train-derailment-hold-feet-fire
https://www.bbc.com/news/entertainment-arts-64580688
#USStokedThisWar
#USProvokedThisWar
#Facts #Truth #History
#DocumentedHistory
#UkraineFacts
#RogerWatersTruth
#RogerWatersIsAHero
#RogerWatersSpeakstheTruth
#MSMPropaganda
#AllWarMongersAreBad
#RussiaUkraineCrisis #RussiaUkraineConflict
#PeaceNegotiationsNow
#BlackRock #JPMorgan #GoldmanSachs
#CorporateProfits #Profits
#Privatization #MoneyMotives
#ProfitMotives
#UlteriorMotives
#BrainwashingoftheMasses
#MediaPropaganda
#USPropaganda
#PeaceNotWar #PeaceNow
Wouldn't it be a shame if #Anonymous doxxed, dug dirt on, and shamed #oil/ #gas magnates and oil #finance #executives plus any #politician or other #governmental person who has aided and abetted the #energy companies in the outrage over #profits and #energybills?
That would definitely be a thing that of course nobody should ever do.
Instead of #doxxing them, you should write a strongly worded letter to your #mp and to the oil companies asking them to do something.
#BP’s annual #profits have more than doubled to $28bn (£23bn) in 2022.
So that's nice for them, isn't it?
Meanwhile, you're watching your #energy #bill and switching everything off that you don't need and slowly freezing in the dark.
https://www.theguardian.com/business/2023/feb/07/bp-profits-windfall-tax-gas-prices-ukraine-war