“Amazon on Thursday reported $108.5 billion in sales in the first three months of the year, up 44 percent from a year earlier.

It also posted $8.1 billion in profit, an increase of 220 percent from the same period last year.” nytimes.com/2021/04/29/tec…
“The most profitable parts of Amazon’s retail business boomed.

Revenue from merchants listing items on its website and using its warehouses was up 64%, to $23.7B.

Its “other” business segment, which is largely its lucrative advertising business, increased 77%, to almost $7B.”
“Amazon previously disclosed that 200 million people pay for Prime memberships, and subscription revenue for that service and others reached almost $7.6 billion in the quarter.”
“In addition to paying Amazon $119 a year or $12.99 a month for free shipping and other perks, households with Prime memberships typically spend $3,000 a year on Amazon, more than twice what households without the membership spend, according to Morgan Stanley.”
“Tech Giants’ Obscene Pandemic Profits Are Begging to Be Taxed -

The post-Covid economic recovery looks anything but fair.

Tax the titans of the pandemic!”

newrepublic.com/article/162278…

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More from @torrHL

1 May
“the numbers underscore a key strategic misstep under Trump admin, which asked state & local govts to prioritize people with illnesses that would increase their chances of hospitalization or death, but provided no additional funding to support the efforts” propublica.org/article/counti…
“Many states chose a simpler approach, opening vaccine appointments to everyone 65 and older with minimal on-the-ground outreach to people with chronic illnesses.”
“It made some states go a little bit faster,” said Dr. Grace Lee, a member of the CDC’s Advisory Committee on Immunization Practices and an infectious diseases physician at Stanford Children’s Health.

“But I think it really increased the inequities early on.”
Read 7 tweets
1 May
“Electric Car-Charging Business Is Doing Everything But Profiting -

Fueling cars and trucks has always been a low-margin business, with gasoline stations making much of their money from selling snacks, coffee and cigarettes.” bloomberg.com/news/articles/…
“The business is even tougher when it comes to EVs. Unless they live in dense cities like New York or San Francisco, drivers do the vast majority of charging at home -- their garage is their gas station.

They use public chargers infrequently,”
“The U.S. Department of Energy estimates that 80% of EV charging happens at home.”
Read 9 tweets
1 May
Leven November’s turnout and result suggest Puerto Rico remains fairly divided on the issue, and critics of the statehood push have found fault with the way the “New Progressive Party” has used referendums to boost support for its candidates at the polls” newrepublic.com/article/162222…
“Contrary to the implications of its name, the New Progressive Party includes conservative statehood backers and Trumpian figures like Puerto Rico’s nonvoting representative in Congress, Resident Commissioner Jenniffer González.”
“statehood has been supported by Republicans here on the mainland for years: George H.W. Bush declared his support for the idea during a State of the Union address way back in 1989, and statehood was part of the Republican Party’s 2016 and 2020 platforms.”
Read 4 tweets
1 May
“Covid Is Making Pretrial Detention Even Longer -

An uprising this month showed how Covid-related delays to court proceedings have kept people in jail longer, even amid efforts to reduce the incarcerated population.” bloomberg.com/news/articles/…
“uprising of detainees earlier this month at the St Louis highlighted the crucial issue of pretrial detention.

Inmates — particularly those of color — have been languishing in crowded local jails for months & even years while awaiting trial, despite the presumption of innocence”
“And even as the pandemic forced state and local officials to reduce jail populations by letting some people out, most are still incarcerated, and now waiting even longer as court proceedings have slowed.”
Read 4 tweets
1 May
“in the US, schools tend to rely a lot on local property tax revenue — with around one-third of their funding coming from local property taxes, although there’s a lot of variation from state to state, according to a 2017 report”

lincolninst.edu/sites/default/…
“This goes back to the colonial days, when US education began as a local responsibility.”
“The reliance on these taxes can produce big disparities, because some places are going to be poorer and, as a result, produce less property tax revenue for their schools.”
Read 4 tweets
1 May
When Opinion Polls Move Online -

Uni of Michigan’s Panel Study of Income, longest-running longitudinal study in world, and the U.S. portion of Pew Research Center’s Global Survey, the largest multinational series focused on global issues, shifted to web” wsj.com/articles/what-…
“It took over 25k numbers to have a sample of 200 for our landline phones and just under 40k numbers for a sample of 800 cellphone responses,” said Martha McRoy, a research methodologist at Pew.

She noted that the organization would dial a number seven times before giving up.”
“Initially, panelists for the online polls were recruited using randomized calls to landlines and cellphones, creating the kind of probability-based sample typically used for scientific research and telephone surveys.”
Read 12 tweets

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