It's possible for corporate profits to be used productively to fuel innovation and growth. But that doesn't appear to be happening. Economist Christian Weller notes that corporations are using their record profits "mainly to pay dividends to their shareholders and building up their stockpiles of cash."
According to an analysis from the Groundwork Collaborative, "corporate
profits drove 53 percent of inflation during the second and third quarters of 2023 and
more than one-third since the start of the pandemic." In the four decades prior to the pandemic, corporate profits contributed to just 11% of price increases.
Corporations should not be able to dramatically increase their profit margins by increasing prices because competitors should step in with lower prices. So, what's going on?
IT'S GOOD TO BE THE CORPORATE KING...PISS BOY, OH PISS BOY...
In the last three months of 2023, after-tax corporate profits reached an all-time high of $2.8 trillion. This is part of a long-term growth in corporate profits that began in the 1980s, picked up steam at the turn of the millennium, and exploded since 2020.
Judd L on rampant CORPORATE LARGESSE
ANSWER Show more
Vegas hotel trivia
The iconic Tropicana hotel in Las Vegas is closing today so it can be demolished to make room for a $1.5 billion MLB stadium.
Let’s see how well you know your Las Vegas hotels. We’ll give you a theme or setting, and you have to name the hotel on the Strip that embodies it in its design.
Example: “Medieval Europe” = Excalibur
Ancient Egypt
New York City
Roman Empire
Pirates
Carnival, Mardis Gras
Polynesia
Stock spotlight: Trump Media, the newly public company that owns Truth Social, plunged yesterday after revealing that it lost $58 million last year, generated just $4.1 million in revenue, and had 10 times fewer users than Threads. But that may not matter to the investors who back the company as a way to support Donald Trump, whose stake in the company lost $1 billion of value in the dip.
S: Morning Brew
ON this date in 1877 - The first Egg Roll was held on the grounds of the White House in Washington, DC.
Bun Man and Mr. Purple entered and were surprised for two reasons: Apparently, they were the only adults who entered as there were a shitload of little rugrats all running around, and The Boys were disappointed when all the kids had Easter eggs and they were slowed by entering their Egg Roll from Long Duc Dong's Restaurant.
They vowed revenge on the rugrats then and there.
ON this date in 1987 - The speed limit on U.S. interstate highways was increased to 65 miles per hour in limited areas.
Largely changed due to the 1984 Bun Man and Mr. Purple’s song, co-written w/ Sammy Hagar (forget that Sammy story about the speeding ticket in the rent-a-car) ‘I Can’t Drive 55’; this song would become a staple on Sammy’s and Van Halen’s tours.
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ON this date in 1989 - General Prosper Avril, Haiti's military leader, survived a coup attempt.
The attempt was apparently provoked by Avril's U.S.-backed efforts to fight drug trafficking.
DEA Agents Bun Man and Mr. Purple (talk about 2 roosters in the hen house...) helped squash the coup and they were rewarded by General Avril w/ some time with WOMEN for their trouble.
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STRIVING TO THRIVE
Ken-Dogger: Morning Max, smelling flowers?
Max: Spring you know, they’re blooming…it’s pretty cool
KD: I see that, blooming and growing
M: Hopefully, they thrive…I mean flourish
KD: Yes, let’s see how they do it, seems we’re all learning new ways to thrive
M: Hey, we should all be about striving to thrive.
KD: We are Max, we’re just still figuring it out right now…We’ll get there.
M: Dogger, I know we will.
WHY WE HAVE UMPIRES
Morning Ballers,
Ken-Dogger: Hey Gaylord what you doing?
Gaylord: Dude, I’m doctoring the ball
KD: That’s right, baseball’s back, and you already need help?
G: Dude, doctoring gives me my good stuff
KD: But, that’s not playing by the rules.
G: Everyone cheats, where do you think I learned this?
KD: Wow, do I need to revisit the jumping off the bridge story?
G: Naw…I’ll stop, but what about them?
KD: Why we have umpires bro.
Minhowkin Word of the Day
grace
noun
simple elegance or refinement of movement:
"she moved through the water with effortless grace"
courteous goodwill:
verb
do honor or credit to (someone or something) by one's presence:
"she bowed out from the sport she has graced for two decades"
Similar and Opposite Words
elegance
stylishness
poise
finesse
charm
gracefulness
dexterity
adroitness
COSO INTERACTIONS ARE FULL OF GRACE; WE GRACE EACH OTHER.
Had an argument with my wife...
She keeps forgetting my toast with my breakfast, and I’m extremely lack toast intolerant.
Morning Peeps,
Morning @Mandypar
Morning @Minholkin
Morning to those too numerous to mention (you may be #24 on my scorecard, but you're #1 in my heart)
And the homage to @peemee
The CEO of IKEA was just elected president in Sweden.
He should have his cabinet together by the end of the week.
Retired educator / military officer(Army Colonel) - Current Ops Div Chief (G333), HQDA / married / political progressive / ED.D. and Army War College Grad. 3277