Grocery price inflation hits a record 16.7% high leaving cash-strapped families facing an extra 788 on their annual food shopping bill malterwitty Tue, 01/31/2023 - 14:00
The Age-Old solution to Unpayable Entitlements Is...Drum Roll Please...INFLATION alexmark Tue, 01/31/2023 - 11:40

amsung Electronics has posted nasty Q4 results and suggested that premium products and a surging foundry business are its way out of a slump.

The chaebol reported its lowest quarterly operating profit since 2014: ₩4.3 trillion ($3.4 billion). The 69 percent year-on-year drop was accompanied by an eight percent year-on-year drop in revenue to ₩70.5 trillion ($57.3 billion).

Home goods retailer Bed Bath & Beyond is closing 87 more stores under that brand, along with all 50 Harmon beauty store locations and five Buy Buy Baby outlets.

The closures come in light of ongoing financial issues at the company. In a Thursday filing to the Securities and Exchange Commission, the company noted that it is considering all alternatives, including bankruptcy. It also listed other options to generate capital.

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Tucker: This is a matter of national survival MikeRivero Tue, 01/31/2023 - 10:11

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Lavrov calls US politicians revelation over Nord Stream explosions amusing MikeRivero Tue, 01/31/2023 - 09:55

"The other day, speaking in Congress, Ms. Victoria Nuland, the under secretary of state, said openly that like many senators, and she personally, the State Department as an organization is happy that the Nord Stream pipelines have turned into metal junk on the Baltic Sea floor. It's an amusing admission," Sergey Lavrov said

MOSCOW, January 30. /TASS/. Russian Foreign Minister Sergey Lavrov has called a statement from US Under Secretary of State for Political Affairs Victoria Nuland, who openly expressed joy over the damage to the Nord Streams pipelines, amusing.

Dozens of food processing plants were destroyed and/or damaged last year by "accidental fires." After several months of a lull in mysterious fires rippling through the food industry, the first major one of the new year was reported by NBC Connecticut on Saturday.

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McCarthy and Biden Go to War Over Social Security The Speaker Claims He Want to Strengthen It, White House Disagrees MikeRivero Tue, 01/31/2023 - 07:49

oe Biden is in big trouble. He is hellbent on spending as much of your money as possible. But with Republicans in charge of the House, he can’t get anything done. His only hope is to negotiate with men like Speaker Kevin McCarthy. But Biden has not once worked with Republicans since taking office.

BREAKING: Twitter Makes Move That Could Take Out Woke PayPal MikeRivero Mon, 01/30/2023 - 15:44

Esther Crawford, a fast-rising lieutenant to Musk inside Twitter, has started to map out the architecture needed to facilitate payments on the platform with a small team, according to two people familiar with the company’s plans.

The nascent moves to allow payments through the site are a critical part of Musk’s plan to open up fresh revenue streams. Twitter’s $5bn-a-year advertising business has cratered since he bought the platform for $44bn in October, with marketers citing concerns over its management and moderation.

Nearly 6 million households had power shut off during pandemic: report MikeRivero Mon, 01/30/2023 - 14:48

Utility companies in the U.S. have disconnected customers an estimated 5.7 million times since 2020, according to a new report.

The disconnections have come even as those companies have paid billions to shareholders and executives, according to a report published on Monday by the Center for Biological Diversity, BailoutWatch and the Energy and Policy Institute. 

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