evince
Truthmatters
How does making them stop gouging spend money?
HIW TO TRIM INFLATION
- Thread starter evince
- Start date
How does making them stop gouging spend money?
evince
Truthmatters
According to the Commerce Department's Bureau of Economic Analysis (BEA), domestic corporate profits adjusted for inventory valuation and capital consumption reached $2.8 trillion last year, up from $2.2 trillion in 2020—the largest increase since 1976.
Employee compensation also increased in 2021, just not at the pace of corporate profits. Citing the new BEA data, Bloomberg reported that "employee compensation rose 11%, but the so-called labor share of national income—essentially, the portion that's paid out as wages and salaries—fell back to pre-pandemic levels."
"That tends to undermine the argument that soaring labor costs are what's driving the current surge in inflation, a case the Federal Reserve is starting to make as it accelerates interest-rate increases," Bloomberg noted.
pointless
adjective
point·less | \ ˈpȯint-ləs \
1: devoid of meaning : SENSELESS
a pointless remark
2: devoid of effectiveness : FLAT
pointless attempts to be funny
gib•ber•ish (ˈdʒɪb ər ɪʃ, ˈgɪb-)
n.
1. meaningless or unintelligible talk or writing; nonsense.
2. talk or writing containing many obscure, pretentious, or technical words.
evince
Truthmatters
https://www.nytimes.com/2022/05/05/opinion/us-companies-inflation.html
I Listened In on Big Business. It’s Profiting From Inflation, and You’re Paying for It.
May 5, 2022
By Lindsay Owens
Ms. Owens is the executive director of the Groundwork Collaborative.
Sign up for the Peter Coy newsletter, for Times subscribers only. A veteran business and economics columnist unpacks the biggest headlines. Get it with a Times subscription.
Last fall, as container ships piled up outside the Port of Los Angeles, it looked as if inflation was going to be with us for longer than many had predicted. Curious how C.E.O.s were justifying higher prices, my team and I started listening in on hundreds of earnings calls, where, by law, companies have to tell the truth. While official statistics on inflation such as the Consumer Price Index can tell you that prices are rising, earnings calls provide rich, qualitative data that speak to why and how.
Executives from the nation’s largest publicly traded companies had a lot to report to their shareholders about supply chain snarls, product shortages and rising prices — mostly that they were very good for business. What was striking in the earnings calls was not the supply chain shortages or companies’ typical profit motives; it was the plain old corporate profiteering. The Economics 101 adage that “inflation is just too much money chasing too few goods” doesn’t come close to the full story. This raises the question: When companies are exploiting consumers in a time of national crisis, when should government step in?
I Listened In on Big Business. It’s Profiting From Inflation, and You’re Paying for It.
May 5, 2022
By Lindsay Owens
Ms. Owens is the executive director of the Groundwork Collaborative.
Sign up for the Peter Coy newsletter, for Times subscribers only. A veteran business and economics columnist unpacks the biggest headlines. Get it with a Times subscription.
Last fall, as container ships piled up outside the Port of Los Angeles, it looked as if inflation was going to be with us for longer than many had predicted. Curious how C.E.O.s were justifying higher prices, my team and I started listening in on hundreds of earnings calls, where, by law, companies have to tell the truth. While official statistics on inflation such as the Consumer Price Index can tell you that prices are rising, earnings calls provide rich, qualitative data that speak to why and how.
Executives from the nation’s largest publicly traded companies had a lot to report to their shareholders about supply chain snarls, product shortages and rising prices — mostly that they were very good for business. What was striking in the earnings calls was not the supply chain shortages or companies’ typical profit motives; it was the plain old corporate profiteering. The Economics 101 adage that “inflation is just too much money chasing too few goods” doesn’t come close to the full story. This raises the question: When companies are exploiting consumers in a time of national crisis, when should government step in?
Evince fully believes that it is a hard time for consumers under the corrupt Biden administration. This is good to know.
evince
Truthmatters
Evince fully believes that it is a hard time for consumers under the corrupt Biden administration. This is good to know.
The corporations are the ones being corrupt
Why don’t you care?
evince
Truthmatters
They sure can
By booting out the republicans who spent years licking Russian ass and giving hand jobs and tax cuts to the corps who are now causing more inflation by cheating
But Biden is the President. What.....is he just some powerless little old wimp? I thought mighty Joe was capable of anything. So if he cant even stand up to the corporations WHAT FUCKING GOOD IS HE? He isnt. He's an inept powerless little old dementia riddled man. THAT....is what YOU voted for. A fucking dickless little wonder that the big corporations treat like their little bitch. This is in essence what YOU are saying. Thanks for admitting it.
do you ever look at the news ?
https://www.bloomberg.com/news/arti...dea-corporate-greed-is-to-blame-for-inflation
Well,.......looks to me like the old Hag laid another egg AGAIN. Desh is a committed leftist,...but nobody ever accused her of being none too smart.
evince
Truthmatters
The gouging is Not the cause
I didn’t say that ass smear
I said that the corps are inflating it by gouging
You fucking piece of dishonest shit
I clearly and repeatedly said it was the war and the pandemic that is causing it
evince
Truthmatters
They said it on record fuck lips
evince
Truthmatters
Facts