clearly, the narrative is “record profits mean gouging!” but this is a ridiculously facile and illiterate claim.
it’s pure playing to the peanut gallery.
inflation drives the nominal value of everything, including profits, higher. if a company once had $100 in revenue and $5 in profits and these numbers grew to $150 and $7 in profits, sure, that’s “record profits” but if inflation was 50% in that period, it was a drop in profits in real terms. it was also a drop in margins. what was a 5% profit margin is now 4.7%. that’s the opposite of gouging, that’s margin contraction and lower real profits. and that is what we are seeing across the US right now. businesses are not gouging, they are taking it in the chin to protect the consumer.
https://boriquagato.substack.com/p/price-gouging-is-a-nonsense-narrative
Ottawa Funded the China Ferry Deal—Then Pretended to Oppose It
While Beijing-backed hackers infiltrated Canadian telecoms, federal and B.C. leaders quietly financed a billion-dollar shipbuilding deal with a Chinese state firm—then tried to pass the buck.
https://theoppositionnewsnetwork.substack.com/p/ottawa-funded-the-china-ferry-dealthen
Some of these things I still miss
I grew up without safe spaces.
I grew up without trigger warnings.
I drank water from the hose.
I ate peanuts in class.
None of us wore a helmet.
Kids got hurt. We fell down. And we signed a lot of casts.
We couldn’t pause TV. We’d call out “It’s on!” as soon as the commercials started to end (for those who had left the room). And we watched our favourite shows as a family.
There was no next day delivery.
There was no bundle this with that.
There was no internet. Skip the Dishes didn’t exist.
Fast food was not the norm. It was easier to eat healthy. There were home phones. There was VH.........
