Just four large conglomerates control these markets, and they’ve been coordinating their price increases to score large profits – here again, using “inflation” as an excuse. Meanwhile, half of the recent rise in grocery prices is from beef, pork and poultry. How did it manage this feat? By raising its prices even more. On Friday, P&G reported another quarter of rising profits despite the increasing costs of raw materials and transportation. Or consider giant corporations selling consumer staples, such as Proctor & Gamble (maker of everything from Gillette razors to Tide detergent). They’re buying back their shares of stock to reward investors and executives. The two giant American oil companies aren’t pouring their profits back into energy, green or otherwise. Chevron’s profit more than tripled to $11.6bn. Exxon just reported second-quarter profits of $17.9bn, more than three times what it earned a year ago. (Here in California, I’m paying more than $6 a gallon.)Īt the same time, big oil has hit a gusher. Prices at the gas pump have drifted down a bit in the last month but are still eye-popping. Corporations are using inflation as cover. ![]() Big corporations are busily raising their prices because consumers have so little choice. Inflation has broken out all over the world – the consequence of pent-up demand from more than two years of pandemic and of limited supplies of everything from computer chips to wheat, due to difficulties getting the world economy up and running.Īdd in Putin’s war in Ukraine driving up world energy and food prices, and China’s lockdowns against Covid, and you get a perfect conflagration. While not technically a recession (economists in and out of the White House have spent much of the last several days deconstructing the word “recession”), there’s no question but that the US economy is slowing. On Thursday, the commerce department announced that the US economy had shrunk for the second quarter in a row. This followed a quarter-point increase in March, another half a point in May, and three-quarters of a point in June. Hopefully they will do an update.On Wednesday, the Fed – America’s central bank – raised interest rates by three-quarters of a percentage point, and signaled more rate increases to come, perhaps as soon as September. This game had a lot of potential, it's sad to see being more irritating than fun. ![]() It's one thing to teach the mechanics, but the initial strategy in this game is so important that if it isn't taught you will lose guaranteed. It took my several plays of the first stage after the tutorial, at which point I had forgotten it, to honestly grasp the strategies of the game. The last problem, is that the tutorial and intro to the game is simply hard to grasp. This will inevitably happen towards the end of the game, causing you to lose the whole level and having to start from scratch. Another important problem is that certain important moves can be really screwed up by their default setting, such as carriers defaulting to carrying 1 guy instead of your whole crew. The biggest of which is the timer, which you CANNOT turn off as an option, in either single or multiplayer mode. The biggest of which is the timer, which you CANNOT turn I'm not sure how this game scored so high, with some really big problems in gameplay. ![]() I'm not sure how this game scored so high, with some really big problems in gameplay.
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