2021-06-21 _F2A7434aaap
“French voices rise in opposition to NATO today in Pari, but where is Western media? The sound of silence is deafening.
Biden, we don’t want your war?”
*
Jim Robertson writes:
“Our military should be giving Chad democracy any day now.”
Pamela Sansone: “Chad nationalizes assets by oil giant Exxon”
What’s the matter with the US?
Lynn Eyer: “Learn from the French. Organize, agitate,& strike”
*
“Whistleblowers can play an important role in protecting our water quality. They can expose the wrongdoing of entities, businesses and institutions refusing to play by the rules.”
*
Today’s Inflation is from greed. Raising rates just raises pain, …and makes labor more desperate to increase profit:
“Indeed but the brainwashed right wing cult falls for all the Republican lies over and over again so they can keep on robbing the poor suckers blind
"But a raft of data suggest that robust corporate profit margins — not wages — are having a much bigger impact on rising prices, according to longtime Société Générale strategist Albert Edwards.
Edwards calls this dynamic “greedflation”: the notion that corporate price gouging is helping to keep inflation robust at a time when commodity prices, which were initially blamed for the price shock, have actually fallen over the past 12 months.
West Texas Intermediate crude oil was trading at roughly $77 a barrel on Thursday, compared with $115 a barrel one year ago, according to FactSet data. Prices of other important industrial commodities, including copper, have also declined during the same period.
In his latest note on the topic, shared with MarketWatch Thursday, Edwards questioned why the Fed has been so insistent on targeting wages instead of pointing the finger at corporations: “the primary driver of this inflation cycle is soaring profit margins. Rather than calling this out as the primary cause of high inflation, central banks have instead chosen to focus on rising nominal wages as threatening to embed higher inflation – the so called ‘wage/price spiral’.”
Often, corporations are raising prices of goods and services not because they need to due to rising labor and raw materials costs, but because they can get away with it by blaming inflation, something that consumers have been primed by media reports to expect, Edwards said.
Blaming wage growth for inflation seems particularly misguided considering that workers’ wages haven’t even kept pace with rising consumer prices, Edwards said.
Meanwhile, corporate profit margins have climbed to near-record highs. Profits for non-financial companies rose to nearly $2.1 trillion in the third quarter, a record high on a nominal basis, according to Commerce Department data. They have risen sharply since the onset of the COVID-19 pandemic in March 2020."”
“The Fed has it wrong: Corporate greed is to blame for inflation, not rising wages, SocGen analyst says”
*
“Did you know that infectious diseases are often linked to deforestation? In the last 50 years, 75 per cent of all infectious diseases came from wildlife.
To help prevent future outbreaks, we must take care of our forests. Working together is key: collaboration between conservationists, Indigenous Peoples, and governments is important to protect these vibrant ecosystems. Learn more:
“Forests can protect us from future pandemics if we give them a chance”
At FSC, we bring environmental, economic, and social interests together for forests. Join our mission and become a forest steward yourself:
“Simple actions can protect forests for all, forever” [unfortunately our forests are dying and there is nothing we can do about until the climate is brought under very profound control]
*
“Americans can’t expect this country to stop killing foreigners in large numbers if we don’t even care about the deaths of our own citizens.
Peter Maass writes about the U.S.’s habit of ignoring the violence it commits overseas.”
“Americans Don’t Care About the Iraqi Dead. They Don’t Even Care About Their Own.
The U.S. has a long and disturbing habit of ignoring the violence it commits overseas as well as at home.”
Comments