Change

rbreich , 5 days ago to random

"If Ivanka weren't my daughter, perhaps I'd be dating her." -Donald J. Trump, 3/6/'06

Happy Fathers Day to all the dads NOT contemplating dating their daughters.

rbreich , 6 days ago to random

John Deere has laid off roughly 1000 workers so far this year.

But the company reported a profit of over $10 billion in 2023.

Its CEO received $26.7 million in total compensation.

And it spent over $7 billion on stock buybacks.

Textbook corporate greed.

rbreich , 4 months ago to random

The price of Huggies diapers went up 6% between April- June 2023.

Inflation, right? Wrong.

Kimberly-Clark, the maker of Huggies, reported that the cost to make its products fell by $75 million.They took the money and ran, banking $168 million in operating profits in Q3 2023.

Now, new research shows that corporate profits drove 53% of inflation during the 2nd and 3rd quarters of 2023. During the 40 years prior to the pandemic, profits drove just 11% of price growth.