Is America approaching peak tip?
...
Tipflation is a form of super-inflation. If tips were a fixed percentage, they would rise at the rate of general restaurant inflation. Since the percentage actually increases over time, tipflation is bound to outstrip restaurant inflation.
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Trump's proposed elimination of taxes on tips would make it worse.
#Politics #Trump #Inflation #Gratuities /nosanitize
The Economist "gift" article
https://econ.st/4bjJKS9
So far this election, billionaire Timothy Mellon has given $75 million to Trump (including $50 million the day after Trump's criminal conviction) and $25 million to RFK Jr.
#Politics #Trump #RFKJr #TimothyMellon
https://www.businessinsider.com/who-timothy-mellon-robert-kennedy-donald-trump-billionaire-2024-6
He played all his greatest hits.
Liacouras Center was less than half full. And mostly white of course. He put all the Black folks behind him. In front of the TV cameras.
Local news barely covered him: the shooting of a police officer nearby dominated the 11 pm news.
His opening acts were a Black pastor and local Black businessmen.
The rappers and singers turned him down. https://www.inquirer.com/politics/nation/trump-north-philly-temple-rally-president-20240622.html
Louisiana Obliterates Separation of Church and State With Wild New Law
. . .
Louisiana Governor Jeff Landry signed a law Wednesday mandating that the Ten Commandments be displayed in every public school classroom . . . .
The law describes the Ten Commandments not as the religious edict that they plainly are, but as “foundational documents of our state and national government.”
#Louisiana #TenCommandments #SeparationOfChurchAndState
https://newrepublic.com/post/182896/louisiana-church-state-law-schools-ten-commandments
Recreating the very theocracy the Pilgrims came to the New World to escape. The obtuse self-righteouusness and ack of education Nd awareness is astounding.
#TenCommandments #Louisiana #PublicEducation
https://www.cbsnews.com/news/louisiana-ten-commandments-required-displayed-public-school-classrooms/
So, how's the snap French election going?
Oh.
France is on the brink of all-out civil conflict.
#France #Politics
https://www.telegraph.co.uk/news/2024/06/15/france-is-on-the-brink-of-all-out-civil-conflict/
The cracks in America's ultra-strong labour market
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Basically, there's a discrepancy between the Non-Farm payroll survey and the Household survey, with the first showing 1.2 million net jobs added, since the start of the year, and the later showing 100,000 net jobs lost.
If the later is the correct figure, the economy is rapidly decelerating and the Federal Reserve's tight-money policy is a mistake.
#News #Economy #jobs /nosanitize
The Economist "gift" article.
https://econ.st/4b7i9U9
@Alfred Why was the International Herald Tribune discontinued?
Women are losing their X chromosomes — What’s causing it?
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Not all women, just women susceptible to mosaic loss of the X chromosome.
Not trivial, this is linked to increased risk of cancer.
But if you live in the poorer part of town. Or if you're homeless?
You're told to ride city buses all day to beat the heat.
Or go to a library. Or the mall. https://citydesk.org/2024/how-to-beat-the-heat-in-albuquerque/
@Alfred Write a story about an agnostic religious cult.
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