What's causing inflation? Might it be record profits?

A jaundiced view on Wednesday's SCOTUS news; a question for the NRA; US reported the most daily COVID cases since September 15th and about 1,800 deaths

kathyegill.substack.com/p/03-december-…
The past few weeks, TV news and newspapers have run lots of stories on inflation. On the political pundit side, those stories have a common theme: inflation up, Biden approval down. What seems totally missing from mainstream news > @business

Corporate profits are at record levels, due in no small part to the Trump-McConnell tax cuts. Image
Inflation is a measure of rising prices. However, news reports present inflation as a corporate response to factors beyond their control. Inflation, meet record profits plus market concentration:
A question for the @NRA:
How are you going to spin this one? Image
On Friday, the United States reported the most daily cases of COVID-19 since September 15. Only 11 cases were Omicron; 157,500 were Delta. There were nearly 1,800 deaths. Image

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More from @kegill

7 Dec
MARCH: 4% of American adults didn’t trust 2020 election results and were prepared to join a protest that might turn violent. That’s 10 Million Americans. @ProfessorPape @TheAtlantic @bartongellman
🧵/1
JUNE: 8% of American adults agreed “the 2020 election was stolen from Donald Trump and Joe Biden is an illegitimate president” & “use of force is justified to restore Donald Trump to the presidency.”

More extreme; 2x support.

21 million American “committed insurrectionists”
/2 Image
This needs to be repeated, daily:

Trump et al have convinced millions of Americans (including 68% of all Republicans in a Nov 2021 PRRI poll) of #TheBigLie : that Biden stole the election from Trump.

/3 Image
Read 21 tweets
24 Oct
Because the NW probably isn't as familiar to most folks as the Gulf coast, I've annotated this satellite image. That dot in the pink county is approximately where we live (Snohomish County, Lynnwood WA). Seattle is south of us in King County.
This is the strongest storm system to ever hit the Pacific NW (942.5 MB). The third most powerful was Thursday. We have rain and wind gusts; the coast has lots more of both; mountains will be getting snow. Heaviest rain/snow in CA.
NWS on probability. And we've had two of these inside 72 hours. Just saying.

Read 6 tweets
24 Oct
Someone help me understand how this is not like pre-WWII Germany.
@HC_Richardson?
@KevinMKruse?

🧵

First: school board harassment, 1 #florida #COVID19 @washingtonpost

washingtonpost.com/outlook/2021/1…
First: school board harassment, 2 #Wisconsin #COVID19

upnorthnewswi.com/2021/09/23/my-…
First: school board harassment, 3 #COVID19 @NPR

npr.org/sections/back-…
Read 7 tweets
24 Oct
Who is Boris Epshteyn?

@washingtonpost quotes his asinine legal opinion about Pence having “constitutional power” to refuse to certify the election. They provided minimal bona fides for the Russian-born ultra-conservative with financial ties to Russia. washingtonpost.com/investigations…
Epshteyn was managing director of *business & legal* affairs at West America Securities Corp until the firm was expelled from the Financial Industry Regulatory Agency in 2013 for holding $24B in unverified Brazilian & Japanese bonds implicated in *fraud*.
Here’s @mmfa on Boris Epshteyn in 2016
mediamatters.org/boris-epshteyn…
Read 5 tweets
24 Oct
Reported wife of Robert Westbury (MN), who is charged with storming the Capitol, falsely claims: “A million people attended January 6th for one purpose…to pray.”

Republican state senator Mark Koran has encouraged $ donations for legal fees.

theguardian.com/us-news/2021/o…
Only eight Minnesotans have been charged for alleged involvement in the insurrection, including Robert Westbury, 62, and his sons Jonah, 26, and Isaac, 19. Aaron James is part of Rosemary Westbury’s fundraiser.

twincities.com/2021/10/22/mar…

#thebiglie
After media attention, Koran either removed his Facebook support of the family or changed the post privacy settings. We have pull quotes, however.

If MN has an open records act, such a change in FB status by a politician should be prohibited by law.

thedailybeast.com/minnesota-stat…
Read 4 tweets
6 Oct
In today’s issue of #whoOwnsWhat … the role of @ATT and its TV services (DirecTV) in formation and financing of One America Network @OANN

Special @Reuters report

reuters.com/investigates/s…
“They told us they wanted a conservative network,” @OANN founder and chief executive Robert Herring Sr said during a 2019 deposition seen by Reuters.

OAN revenue: 90% is from AT&T TV platforms like @DIRECTV
Business writers!
Stop spewing 💩 like this:
@ATT “spun off [@DIRECTV], retaining a 70% share in the new, independently managed company.”

When you control 70%, any “spin off” is NOT Independent.
Read 9 tweets

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