#record profits

[thoughtportal]

a share of the revenue.

record profits are unpaid wages

#twitter #tweet #tweets #record profits #record profits are unpaid wages #capital vs labor #labor vs capital #workers vs capital #workers rights #revenue #wga solidarity #WGA strike #netflix #streaming services #streaming #paramount #warner bros #walt disney company #disney

[blackgirlsreverything]

#jobs #corporate #record profits #wages #careers

[feckcops]

Meet the Robin Hood-style activists ‘shoplifting’ for food banks

“Activists are ‘shoplifting’ from supermarket shelves and dumping the proceeds straight into the stores’ food bank bins in a ‘redistributive action’ to protest the cost of living and the climate crisis.

“Xander Cloudsley, 29, a community food co-ordinator and member of This Is Rigged, the campaign group behind the actions, said: ‘In my job, I’ve seen the lived reality of the cost of living crisis […] while corporate giants like Tesco are boasting astonishing profits year in and year out. I’m taking action because this disparity is sickening and profoundly unfair.’

“The protest comes as food bank usage – already prevalent following austerity – has surged alongside spiralling inflation ...

“The top three supermarkets – Tesco, Sainsbury’s and Asda – have taken advantage of increased food costs and doubled their profits to £3.32bn in 2021, up 97% on 2019. Unite’s general secretary Sharon Graham has called this ‘greedflation’ – something supermarket bosses deny ...

“The group’s ‘Robin Hood’ supermarket action was inspired by British farmers who took milk off supermarket shelves in 2015 to protest the low prices they were getting paid for their produce, and by the French energy workers who send cheap electricity to schools, hospitals and working class communities.”

#this is rigged #activists #activism #shoplifting #direct action #redistributive action #redistribution #food banks #food stamps #supermarkets #price gouging #record profits #corporate profits #corporate greed #food poverty #poverty #scotland #uk #politics

[burnitalldownism]

How’s Capitalism Doing?

Cost of living crisis.

Energy crisis.

Housing crisis.

Rental crisis.

Stagnant wages.

Record profits & CEO bonuses.

Rampant inflation.

Ecological collapse.

Climate change.

DNI:

“UWU Biden”; It’s fucking everywhere else fuckwit!

“Capitalism works by X”; Yes! I fucking know…that’s the fecking problem!

“Ukraine”; Fecking yeah buddy. Probably should’ve sorted out our energy independence like four decades ago when the experts were telling us to. Who the fuck did you vote for?!?

P.S: I’m not advocating any fucking ideology at fucking all, just look at my url. But I’m also not being paid a fuck ton of money to decide political/economic policies that repeatedly make everyone’s lives worse. Please…give me sackfulls of money to make everything worse.

#cost of living crisis #fuel prices #energy prices #housing crisis #rental crisis #stagnant wages #runaway inflation #ecological crisis #climate change #record profits #ceo bonuses #capitalism #anti capitalism

[newsofthenight]

New Sauce of Confusion As Kraft Heinz Spokesperson Mixes Up Bonus and Layoff Announcements

In a press conference that left both journalists and employees with jaws dropping and P.R. reps scrambling, Kraft Heinz spokesperson, Sandy Basilo, managed to mix up her speech notes, leading to a roller coaster of emotions as she announced bonuses for executives and layoffs for employees in the same press conference. As Basilo stood at the podium, messily flipping through her notes, she…

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#bonus #Bonus Announcements #christmas time #heinz #kraft #Kraft Heinz #Layoff Announcements #layoffs #record #record losses #record profits #Spokesperson Mixes Up

[sublimeobservationarcade]

Do Banks Love Scammers?

Banks make lots of money because they have utilised digitisation to streamline their operations. Which in plain speak means they have sacked all their workers and machines do all the work. That automation, however, makes their services vulnerable to scammers who get hold of the pass codes. Do banks love scammers? There are no human gatekeepers to stop the flow of money from one account to…

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#Australia #banks #digitisation #identity theft #record profits #scammers #scams

[movingtothefarm]

Shell on Thursday reported a nearly $40 billion profit for last year. That's more than double the prior year's results and the most money Shell has ever made in its 115 years of existence. Chevron, the second-largest oil company in the U.S., posted record earnings of $36.5 billion last year, while refiner ConocoPhillips doubled its profits to $18.7 billion, the highest in the 10 years since it spun off its refining business.

Exxon, the largest U.S. oil producer, this week reported an epic $55 billion in profits for 2022. The oil giant's bottom line "clearly benefited from a favorable market," CEO Darren Woods told investors. He also touted Exxon's investments before and during the pandemic, which allowed it to increase production as demand was ramping up.

"We leaned in when others leaned out, bucking conventional wisdom," Woods said.

The windfall makes Exxon the third-most-profitable company of 2022, behind only Apple and Microsoft, according to the Wall Street Journal.

In addition to high prices for crude oil, elevated natural-gas prices and high margins in the refining business also pushed up oil company profit, said Peter McNally, industrial and energy analyst at Third Bridge.   Source

#2023 #oil companies #record profits #chevron #shell #exxon #conocophillips #oil production

[delstonejr]

The previous night's useless dream inspired this rant about the planned obsolecense of light bulbs and how that relates to oil company piracy. Another dispatch from the event horizon.

#light bulbs #planned obsolescence #oil companies #record profits #event horizon

[viessiaga]

THERE IS NO LABOR SHORTAGE, just a WAGE SHORTAGE

#record profits #labor shortage #wage shortage #usa politics #my thoughts #human rights

[dispatchesfromtheclasswar]

#class war #class warfare #classism #record profits #unpaid wages #record profits are unpaid wages

[mwagneto]

this site is so unlike anything else in all the best ways and they've tried for years to make it profitable but couldn't because a user-friendly and user-driven experience and profit simply cannot coexist but stagnating/dropping profits aren't an option in today's climate. that being said i highly doubt tumblr is going down it feels too unkillable but if it is im not going to instagram or twitter or mastofort or whatever i will simply walk into a forest and become moss. god bless

#pro tip you can massively lower server costs by getting rid of tumblr live‚ a feature noone wants and noone uses #literally just stop trying to become other sites and instead capitalise on being unlike any other site #in a world where every app is the same app owned by the same people tumblr is invaluable #but it's not profitable which is the only thing they care about #but like. I'm literally not moving anywhere else #not only coz tumblr in general is the best site but also bc my blog is really important to me #it's a record and archive of everything I've liked in the past 7 years meticulously catalogued #even if i went on another site. all that would just be gone. i cant have that #I'll be downloading my blog but that's just part of it yk #barking #tumblr

[phantomrose96]

Oh while I'm on U.S. economics, I have another thing that bugs the hell out of me: the hiking of mortgage interest rates.

For those who don't know, mortgage interest rates dropped low during the pandemic. Which is not all sunshine since it resulted in many bidding wars and a ton of way-over-asking offers in competitive areas, but it put home-ownership way more within reach for a lot of people.

Then the fed started to pee their pants over inflation, and hiked their rates up, prompting mortgage companies to follow.

Here's a chart of mortgage interest rates over the last 4 years

It hit a trough at 2.65% on average in early January 2021, and then you see it hiked itself way back up, now chilling at 6.27%

For context on how different these are: let's use an example of a $400,000 home - someone pays 20% down ($80,000) in cash, and finances the remaining 80% ($320,000).

Monthly payments at 2.65%:

This results in paying back, in total, $464,040. You'll notice that's well over the initial $320,000, and that's because of the interest paid over those 30 years.

Now, monthly payments at 6.27%:

This results in paying back, in total, $710,640. That's more than twice the initial loan of $320,000.

And, of course, it means the same exact property which could be paid for with a monthly budget of ~$1,300 in early 2021 now requires a monthly budget of ~$2,000 in 2023.

Also, those pandemic lows were an anomaly... Historically, mortgage interest rates were on average HIGHER than 6.27% - but also, historically, wages were much better relative to the prices of homes and people could afford the high interest rates (with the exception of the people who got screwed over in the 2008 housing market meltdown... There's a really good Cold Fusion video on that.)

And because these low interest rates were an anomaly, they may never come back...

So with mortgage interest rates going up, home-buying becomes harder. When home-buying becomes harder, rents increase (because renters have no alternative).

So who DOESN'T get affected?

ENTITIES THAT CAN PAY IN ALL CASH.

They need no mortgage. They pay the sticker price on-spot with no interest applying to them. And I say ENTITIES because, sure, some people can buy their home in all-cash. But a huge number of the entities that can buy in all cash are BIG investment companies--the Blackrocks and the Mega-landlords who scoop up properties to sit on, rent out, and turn for a profit later like it's a piece of stock, and not a habitable property...

Anyway I don't have a conclusion for this. Fix wages, or bring interest rates back down, or kill Blackrock. Preferably all 3.

#Federal Reserve shivering quaking 'but if poor people have disposable income then companies will have no CHOICE but to price-gouge and #turn record profits and fuel inflation... theres no helping it... we have to make #everything harder for poor people...' #gonna start a bingo card if this breaches containment and sparks an argument on libertarian tumblr

[unpretty]

What places besides FairyLoot have pretty books with sprayed or illustrated edges? I’ve seen lists before but they just tell you what genre of books or whether there are bookish goodies, and not how pretty the books are, which is very silly of them because I and many in the market are very shallow and do not care about the genre, we just want pretty books that are good I guess.

i am also extremely shallow and picked my subscriptions based on book prettiness

fairyloot has boxes with lots of goodies as well as book-only boxes, i've found their books to be some of the prettiest (if i were smart i'd be doing book-only for both young adult and adult but that would mean risking not getting gideon the ninth socks)

illumicrate also has really pretty books and a book-only option, they have a romance box as well HOWEVER the romances are NOT as pretty as the regular illumicrate books. they have sprayed edges but not stenciled or digitally printed. also they're all tradpub romance and i'm a selfpub kinda girl where romance is concerned.

owlcrate books aren't usually as pretty, often are the same book as fairyloot or illumicrate (but less pretty), and they do harry potter merch. no thanks!

i recently bought a book from thebrokenbindingsub.com (the legends and lattes special edition lmao) and i'm going to try to resist Yet Another Subscription but i'm real fucking tempted ngl

i don't trust litjoy because they have a lot of non-book nerd shit and also a lot of unlicensed definitely-totally-generic wink-wink nudge-nudge wizard shit. fuck off with that. also the books aren't as pretty. and their bookshelf alleys don't even have real depth despite looking cool at a casual glance. thumbs down. it's a bit of a shame because i do like the model where instead of paying for a box every month you pay for members-only store credit so you only receive items you actually want instead of having to figure out what to do with an atlas six booksleeve.

(and before anyone gives me shit for spending way too much money on books because they're pretty: i don't actually keep all the books i get and i actually prefer ebooks, but when i really like a book i want the prettiest possible version to keep on my shelf. so it's either subscribe to fancy book deliveries and resell the ones i don't like or else spend $300+ on ebay when a good one shows up. not buying pretty versions of books i like is NOT an option because why the hell did i get an office job if i can't buy pretty books to console me when i get home.)

#original #that last bit is probably unnecessary but people get SO MAD about defiling the sanctity of literature with pretty books lmao #i try to resell via my blog rather than ebay whenever possible #because i'm not trying to be shitty and profit off people still on the waitlist i just don't have fucking room for all these books #only the ones that spark joy may stay #i had to unsub from secretly society because reselling records i didn't want was too much of an ordeal #i don't want things for the sake of having things i want things that i LIKE and that are useful if only in theory #if the physical item isn't pretty i'd rather just have the virtual one #my only exception is books that are way cheaper used through bookfinder and unless i really like those they get donated when i'm done

[kanerallels]

William and Eliza + decorating for Christmas, please?

Hmmm don't mind if I do, enjoy this randomness!

Rapping lightly on the doorframe, William opened the door to Eliza’s office without waiting for a response. “Eliza, we need to—”

He stopped short, staring at the scene before him. The room, usually rather spartan in its decorations, was far from that now. Wreaths hung here and there, and tinsel was draped on every surface that could conceivably carry it— and some that couldn’t. The legs of the desk and both chairs were wrapped in a string of popcorn and cranberries, and garlands of holly trimmed the chairs.

From the ceiling hung easily twenty long strands of red and green paper rings, which criss-crossed the room. And from those strands hung tiny bouquets of what William knew had to be mistletoe.

“What in heaven’s name?” he said.

“I know,” Eliza said irritably, and he followed the sound of her voice to where she was standing on top of her desk. About her feet were strewn several bunches of mistletoe, and as William watched, she reached up and tore another one down. “Don’t ask, just help me put it back how it was.”

“Right,” William said, resolving to ask anyway. He started into the room, only to stop short when Eliza held up a hand.

“No— no, you work on the other end of the room,” she said quickly. “The last thing I need is to get stuck under the mistletoe with you.”

Rolling his eyes, William headed to the far corner of the room, remarking, “Does that really sound so unpleasant? As I recall, the one time I did kiss you—”

“William, I am going to stop you right there. Because today has tried my patience enough, and if you keep talking, I’m going to be forced to brain you with a poinsettia.”

Snorting, William got to work. “Fair enough.”

#thanks for the ask!! #miss scarlet and the duke #william wellington #eliza scarlet #msatd #for the record i'm pretty sure it's nash's fault this happened #he snuck in to decorate for MISCHIEF #and also because i like silliness. for fun and profit #anywhoo my first msatd fan fic in the light of day! #here's hoping it's enjoyed #writing stories is a kind of magic too

[homoqueerjewhobbit]

I guess Tumblr "crab day" is coming up or whatever and if you're thinking of buying me some crabs, make a donation to the org that trained my mom's guide dogs instead. Tell them it's in memory of Ethel.

Feel free to reblog (or make your own post) and add your gofundme or other worthy cause of choice that deserves money more.

Here's Ethel hard at work and wearing her corsage before guiding my mom down the aisle at my sibling's wedding last year.

#crab day #It's literally the most politically neutral charity imagineable #I dare you to problematize giving blind people free guide dogs #Tumblr is a for profit company with a shady record and a thick veneer of pink washing #post o' mine #service animal #guide dog