Wednesday, May 25, 2022

NAFTA JOE BIDEN'S CRONY MODERN SLAVER JEFF BEZOS HOWLS THAT HE'S LOSING WORKERS - EVEN AS HE REFUSES TO PAY THEM LIVING WAGES! - ‘Regretted Attrition:’ Amazon Is Losing the Workers It Wants to Keep at a Faster Rate

 FUK THIS PIG!

Big Banks, Big Pharma, Big Tech Partner with Globalist Democrat For Open Borders and Endless Floods of ‘cheap’ Labor That Middle America Will Get the Tax Bills For the True (staggering) Cost

Amazon, Facebook Spend Millions Lobbying Congress for More Legal Immigration, Amnesty for Illegal Aliens

https://mexicanoccupation.blogspot.com/2022/05/joe-bidens-crony-modern-slaver-jeff.html

Refugee resettlement costs taxpayers nearly $9 billion every five years. Over the course of a lifetime, taxpayers pay about $133,000 per refugee and within five years of resettlement, roughly 16 percent will need taxpayer-funded housing assistance.

 

Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss 

 

BIDENOMICS: The issue is not the survival of what the leader of the most powerful imperialist country calls “democracy.” Joe Biden really means capitalism, the profit system, which has produced a level of economic inequality that is entirely incompatible with any genuine democracy. Instead, it is generating fascist movements all over the world, which aim to  abolish all democratic rights and subject the working class to the naked dictatorship of the rich.  PATRICK MARTIN

Chamber of Commerce Cheers Biden’s Expansion of American Job Outsourcing for Amazon, BlackRock (blackrock is joe biden's biggest paymaster and operates out of the white house under gamer laweyr brian deese-a blackrock employee), Facebook

Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic


Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss 


‘Regretted Attrition:’ Amazon Is Losing the Workers It Wants to Keep at a Faster Rate

FILE - In this Sept. 19, 2019, file photo, Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington. Amazon said Tuesday, Feb. 2, 2021, that Bezos is stepping down as CEO later in the year, a role he's had since he founded the …
Pablo Martinez Monsivais/AP Photo
2:25

Leaked documents reportedly show that Amazon employees are quitting at twice the rate of recent years due to low pay and increased competition. The documents show that “regretted” attrition, the loss of employees that Amazon wanted to keep, has reached more than 12 percent, or double the recent average.

Business Insider reports that Amazon is facing major employee retention issues, with workers quitting at twice the rate of previous years, according to leaked documents. An internal Amazon metric called “regretted” attrition has reportedly reached 12.1 percent since June 2021 which is double the average of recent years.

Amazon CEO Andy Jassy

Amazon CEO Andy Jassy (Isaac Brekken/AP)

An employee carries a package at the distribution center of US online retail giant Amazon in Moenchengladbach, on December 17, 2019. (Photo by INA FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)

(Photo by INA FASSBENDER/AFP via Getty Images)

From 2016 to mid-2021 the company’s regretted attrition number hovered at around five percent. The metric refers to the portion of employees Amazon doesn’t want to leave, usually through voluntary departures. Amazon also tracks “unregretted” attrition, which is the number of employees the company is willing to lose.

The spike in regretted attrition is reportedly one of the fallouts of rising inflation. Due to wage inflation and competition for talent making it easier for the company’s prized employees to find better opportunities elsewhere, many are leaving at a rapid pace.

Amazon employees speaking to Business Insider stated that Amazon’s relatively low pay, a stagnant stock price, and intense and harsh work culture have added to the growing departure rate. Amazon attempted to address these issues by raising the base pay ceiling for corporate employees and is on pace to spend a record amount on employee stock grants.

Amazon’s increased attrition rates are noticeable given that the company previously prided itself on retaining high talent employees and senior executives. In 2019, Amazon CEO Andy Jassy was operating as the CEO of Amazon Web Services and kept his team’s regretted attrition rate at 4.75 percent. AWS’s SVP of global infrastructure, Peter DeSantis, successfully kept his team’s rate at 4.83 percent.

Read more at Business Insider here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com


“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ----                                                                              Karen McQuillan  


Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss 

 

CRONY CAPITALISM AND THEIR CRONY KLEPTOCRACY

THE DEMOCRAT PARTY OF BRIBES SUCKERS.. destroying America as fast as they destroyed America’s borders.

 

https://mexicanoccupation.blogspot.com/2022/04/the-democrat-party-of-corruption-and.html

 

American Corporate Community and its major players — BlackRock (JOE BIDEN’S BIGGEST BRIBSTER), Goldman Sachs, Bridgewater, Google, Microsoft, Intel, Twitter, and Musk — and, of course, Gates — that draws them to a plutocracy that would never hesitate to betray America for a financial advantage or an opportunity to be a part of a global powerhouse oligarchy complicit with and colluding with malefactor government tyrannies. (avarice, cupidity, and rapaciousness) JOHN DALE DUNN


IDEO - WATCH SCHUMER SUCK OFF JOE BIDEN’S BIGGEST PAYMASTER BLACKROCK!

 

Park Avenue: Money, Power and the American Dream⎜WHY POVERTY?⎜(Documentary)

 

https://www.youtube.com/watch?v=6niWzomA_So&list=WL&index=19

 

 The close collaboration between the US Treasury, the Federal Reserve and the multi-billion dollar asset management firm Blackrock in devising the March 2020 rescue operation for Wall Street has been revealed in an article published in the New York Times yesterday.

The culture of power and money lust of the American Corporate Community and its major players — BlackRock (JOE BIDEN’S BIGGEST BRIBESTER WHICH OPERATES OUT OF THE BIDEN WHITE HOUSE UNDER BLACKROCK EMPLOYEE, GAMER LAWYER BRIAN DEESE), Goldman Sachs, Bridgewater, Google, Microsoft, Intel, Twitter, and Musk — and, of course, Gates — that draws them to a plutocracy that would never hesitate to betray America for a financial advantage or an opportunity to be a part of a global powerhouse oligarchy complicit with and colluding with malefactor government tyrannies. (avarice, cupidity, and rapaciousness)


Big Banks, Big Pharma, Big Tech Partner with Globalist Democrat For Open Borders and Endless Floods of ‘cheap’ Labor That Middle America Will Get the Tax Bills For the True (staggering) Cost


Amazon, Facebook Spend Millions Lobbying Congress for More Legal Immigration, Amnesty for Illegal Aliens

https://mexicanoccupation.blogspot.com/2022/05/joe-bidens-crony-modern-slaver-jeff.html

 

Refugee resettlement costs taxpayers nearly $9 billion every five years. Over the course of a lifetime, taxpayers pay about $133,000 per refugee and within five years of resettlement, roughly 16 percent will need taxpayer-funded housing assistance.

 

Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss 

 

BIDENOMICS: The issue is not the survival of what the leader of the most powerful imperialist country calls “democracy.” Joe Biden really means capitalism, the profit system, which has produced a level of economic inequality that is entirely incompatible with any genuine democracy. Instead, it is generating fascist movements all over the world, which aim to  abolish all democratic rights and subject the working class to the naked dictatorship of the rich.  PATRICK MARTIN

Chamber of Commerce Cheers Biden’s Expansion of American Job Outsourcing for Amazon, BlackRock (blackrock is joe biden's biggest paymaster and operates out of the white house under gamer laweyr brian deese-a blackrock employee), Facebook


Billionaire Jeff Bezos Hopes to Enrich Himself Through Single-Family Home Rental Market

FILE - In this Sept. 19, 2019, file photo, Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington. Amazon said Tuesday, Feb. 2, 2021, that Bezos is stepping down as CEO later in the year, a role he's had since he founded the …
Pablo Martinez Monsivais/AP Photo
2:24

Jeff Bezos, one of the richest men in the world, is looking to expand his portfolio to include real estate, specifically contributing to a platform for investing in single-family home rentals.

According to a report, the Amazon founder and owner of the left-wing Washington Post has made a second investment in Arrived Homes.

Arrived Homes is described as “the first SEC-qualified real estate investing platform that allows virtually anyone to buy shares in single-family rental properties with a minimum investment of only $100.”

Benzinga reported:

The company acquires rental homes and allows individual investors to become owners in the properties by purchasing shares through the platform. Arrived Homes manages the assets, while investors collect passive income through quarterly dividends in addition to earning a return through appreciation.

Arrived Homes, however, utilizes the more stringent Regulation A in order to provide access to non-accredited investors. This requires qualification by the Securities and Exchange Commission (SEC), which is a much more costly and time-consuming process than offering securities through Regulation D.

Another option for non-accredited investors that’s gaining traction in the real estate industry is Regulation CF, which allows companies to raise up to $5 million annually from non-accredited investors. Regulation CF is widely used by startups to raise capital through funding portals like Wefunder, StartEngine and Republic.

For Rent sign in front of new house

Getty Images/KentWeakley

The article also cited a FINRA regulated Regulation CF funding portal, Invown, which offers a marketplace for non-accredited individuals in several types of properties.

The reason for a growing interest in the single family home rental market is statistics like this one: the average rent in the U.S. has increased nearly 15 percent in the past 12 months and as high as 38 percent in U.S. cities such as Miami over the same period.

Bezos joins the some trend happening on Wall Street, which is also eyeing the single-family rental market. Analysts say the convergence of rising home prices, changing rental preferences, and advancing technology is driving the phenomenon.

Follow Penny Starr on Twitter


EVERYONE OF THE BELOW PAY VIRTUALLY NO TAXES AND ARE ADVOCATES FOR OPEN BORDERS. HAS JOE BIDEN DELIVERED?


Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic

coronavirus
Getty Images
2:56

As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.

The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.

A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.

These are some of the main points from Oxfam’s latest report, Inequality Kills, which has been released as global business leaders meet virtually this week for the World Economic Forum (WEF) in Davos, Switzerland.

“We have a situation where 10 men hold more wealth than that of two-thirds of humanity,” Lyn Morgain, chief executive of Oxfam Australia, told Australia’s ABC news outlet.

“Not only that, but that bottom 40 percent are hanging on by a thread.”

The report highlights what the charity says are “unprecedented” levels of global inequality as coronavirus sharpens the divide between “us and them,” the “haves and have nots.”


THIS IS WHAT THE DEMOCRAT PARTY FOR OPEN BORDERS AND CHEAPER LABOR HAS DONE TO AMERICA

 https://mexicanoccupation.blogspot.com/2022/05/joe-bidens-open-borders-migrant-mom-in.html

Migrant Mom in Texas Expects Feds to Deliver Abandoned Child to Her

JOE BIDEN: ILLEGALS COME FIRST  -  That’s how we keep them coming and voting Democrat for more!

 https://mexicanoccupation.blogspot.com/2022/05/joe-biden-our-illegals-come-first-gop.html

 Nolte: GOP Rep Says Illegal Immigrants Receiving ‘Pallets of Baby Formula’

Things are looking very, very grim for the Democrats

Hart Research Associates, a Democrat-run polling organization, released a poll taken from May 5-10 that asked voters about various issues as well as their general feeling about how the country is doing. The numbers are spectacularly grim for Joe Biden and the Democrat party generally. These numbers do two things: They bode well for Republicans taking over Congress in the midterm elections and they make Democrat cheating more difficult because it’s impossible for Democrats to have final outcomes that deviate too much from the mood of the country.

It's not a random opinion to say that Hart Research is a Democrat polling organization. Aside from general polls covering all sorts of business and social issues, the company describes Garin-Hart-Yang Research Group, the political division of Hart Research, as

[O]ne of the most respected and successful political polling firms in the country for Democratic candidates and progressive causes. [snip] Our history of accomplishments includes winning open seats, helping Democrats succeed in places that often vote Republican, electing women to statewide office, helping elect political newcomers, winning contested primaries, and winning initiative and referendum campaigns.

It was this group’s research that showed that, in battleground states, the phrase “MAGA Republican” was off-putting to voters. From that, Anita Dunn and the Center for American Progress Action Fund instructed the Biden administration to use the phrase “Ultra-MAGA.” It didn’t occur to them that, except for those who already hated the MAGA movement, others would find it complimentary and, moreover, that the idea of Trump as “King MAGA” would provide conservatives with a powerhouse meme.

My point in bringing up this information is that this group, even as it undoubtedly strives to be honest because of its professional reputation, may have a bias leaning toward Democrat success. That’s why it was amazing that its most recent poll showed that 75% of all voters believe that the country under Joe Biden is heading in the wrong direction.

Image: Charting downward by pinnacleanimates.

That number has been trending steadily downward since Biden’s first months in office (April 2021 was 56%, August was 63%, October was 71%, January 2022 was 72%, and March was 71%). As Scott Adams frequently (and wisely) says, it’s not just the numbers that matter, it’s the trajectory. Biden’s trajectory, as seen by how people feel about America during his administration, is disastrous.

Moreover, a majority of American adults blame Biden for their feeling about America in decline, with 56% disapproving of him. That’s bad. What’s worse is that the majority of those who disapprove do so strongly (45%) versus merely somewhat (11%). And again, if you look at the numbers since Biden took office, the trajectory has been straight down.

Indeed, 40% of those polled feel very negative just hearing the Biden name! It’s true that 42% feel negative when they hear Trump’s name but that’s actually a less interesting number. The media have been demonizing Donald Trump non-stop since 2015, castigating him as a racist, a Nazi, a rapist, a Russian stooge, a Russian activist, and an insurrectionist. Meanwhile, going back to 2008, the media have incessantly told Americans that Biden is a foreign policy expert, a unifier, a wise man, savvy, and the essence of normalcy. And despite that, huge numbers of Americans have developed a reflexive revulsion against him.

Even scarier for Democrats is the fact that those polled, when asked about the Republican party, have only a 29% very negative feelings about the party, while the numbers are very gently trending positive—and again, this is despite the media’s non-stop demonization of Republicans since Franklin Roosevelt’s administration. Meanwhile, 33% of Americans view the Democrat party very negatively, with very positive feelings dropping like a stone. (Kamala Harris gets a 36% for very negative.)

Voters are tied, 46%-46%, when it comes to which party controls Congress but, as Chuck Todd points out in the video below, that strongly indicates that Republicans will make strong mid-term gains.

The poll shows that abortion has become a matter of supreme importance to single-issue voters but the majority of voters still consider the really important issues to be the cost of living, the economy, and voting rights and election integrity. The war in Ukraine is low on the list and COVID is vanishingly low. As for those single-issue abortion voters, if they’re all in bright blue cities, they’re the same people who have always been fanatic Democrat voters, so they don’t reflect a meaningful shift in voter values.

All in all, Democrats have a lot to worry about. Meanwhile, the biggest challenge for Republicans is that they don’t form a circular firing squad and destroy themselves through internecine battles and sheer stupidity. They have a real knack for snatching defeat from the jaws of victory.


THIS IS WHAT THE DEMOCRAT PARTY FOR OPEN BORDERS AND CHEAPER LABOR HAS DONE TO AMERICA

 https://mexicanoccupation.blogspot.com/2022/05/joe-bidens-open-borders-migrant-mom-in.html

Migrant Mom in Texas Expects Feds to Deliver Abandoned Child to Her

By failures of border security, a lack of the enforcement of our immigration laws from within  the interior of the United States and huge numbers of visas for high tech workers, the lives and livelihoods of Americans and their children, are being stolen by America’s corrupt political elite who are doing the bidding of those who provide them with huge “Campaign Contributions” (Orwellian euphemism for bribes) pursue legislation that is diametrically opposed to the best interests of America and  America         MICHAEL CUTLER

Big Banks, Big Pharma, Big Tech Partner with Globalist Democrat For Open Borders and Endless Floods of ‘cheap’ Labor That Middle America Will Get the Tax Bills For the True (staggering) Cost

Amazon, Facebook Spend Millions Lobbying Congress for More Legal Immigration, Amnesty for Illegal Aliens

https://mexicanoccupation.blogspot.com/2022/05/joe-bidens-crony-modern-slaver-jeff.html

Refugee resettlement costs taxpayers nearly $9 billion every five years. Over the course of a lifetime, taxpayers pay about $133,000 per refugee and within five years of resettlement, roughly 16 percent will need taxpayer-funded housing assistance.

 

Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss 

 

BIDENOMICS: The issue is not the survival of what the leader of the most powerful imperialist country calls “democracy.” Joe Biden really means capitalism, the profit system, which has produced a level of economic inequality that is entirely incompatible with any genuine democracy. Instead, it is generating fascist movements all over the world, which aim to  abolish all democratic rights and subject the working class to the naked dictatorship of the rich.  PATRICK MARTIN

Chamber of Commerce Cheers Biden’s Expansion of American Job Outsourcing for Amazon, BlackRock (blackrock is joe biden's biggest paymaster and operates out of the white house under gamer laweyr brian deese-a blackrock employee), Facebook

Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic


Amazon Fires Senior Managers at Unionized Long Island Warehouse

Jeff Bezos arrive at the Vanity Fair Oscar Party on Sunday, March 4, 2018, in Beverly Hills, Calif. (Photo by Evan Agostini/Invision/AP)
Evan Agostini/Invision/AP
2:10

Following Amazon employees union victory at a Staten Island warehouse, the company has fired more than half a dozen senior managers at the facility. The firings are viewed by some employees as a direct response to the successful vote by staff to join the Amazon Labor Union.

The New York Times reports that following Amazon employees’ successful union vote at a Staten Island facility, the company has informed at least six senior managers at the warehouse that they are being fired.

Amazon delivery driver

Amazon delivery driver ( PATRICK T. FALLON /Getty)

Alma Delia Garcia of New York Communities for Change speaks during a protest organized by New York Communities for Change and Make the Road New York in front of the Jeff Bezos’ Manhattan residence in New York on December 02, 2020. (KENA BETANCUR/AFP via Getty Images)

The firings occurred outside the company’s typical employee review cycle and were seen by the managers and other employees as retaliation for the victory by the Amazon Labor Union. Workers at the warehouse voted by a wide margin to form the first union at the company in the U.S.

Many of the managers reportedly were responsible for enacting the company’s response to the unionization effort. Several were Amazon veterans with over six years of experience. Workers who voted in support of the union complained that the company’s health and safety protocols were not sufficient and did not fulfill coronavirus guidelines.

Others claimed to have repetitive strain injuries that were overlooked and that the company pushed them too hard to meet performance targets, often cutting lunch breaks and time off as a result. Many claimed that the pay at the warehouse, starting at $18 per hour for full-time employees, was also not sufficient to live in New York City.

An Amazon spokesperson told the New York Times that the company made changes to management following several weeks of evaluating aspects of the “operations and leadership” at the Staten Island facility. “Part of our culture at Amazon is to continually improve, and we believe it’s important to take time to review whether or not we’re doing the best we could be for our team,” a spokesperson said.

Read more at the New York Times here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com



joe biden's cronies double their wealth as dems connive a tax cut for the super rich

Chris Hedges | Elites Used Pandemic to STEAL From Us





The Richest Billionaires’ $5,000,000,000 Homes

https://www.youtube.com/watch?v=V_o47OOgXik


Inside Jeff Bezos’ $1 Billion Fleet of Luxury Superyachts

https://www.youtube.com/watch?v=TrrYro65IPQ 


Elon Musk, Jeff Bezos, And Why Everything You Know About Billionaires Is Wrong

https://www.youtube.com/watch?v=8S4nnZCPPqI


Biden Grants Amazon $10B Contract Despite Pledge to Oppose Union-Busting

OLIVIER DOULIERY/MANDEL NGAN/AFP via Getty Images
OLIVIER DOULIERY/MANDEL NGAN/AFP via Getty Images
5:23

President Joe Biden has given Amazon, for which billionaire Jeff Bezos serves as chairman of the board, a $10 billion federal contract despite having pledged to American union workers not to reward corporations accused of union-busting tactics.

For years, Amazon has been accused of trying to prevent its warehouse workers across the United States from unionizing amid reports that the corporation has put its workforce in dangerous scenarios under ruthless shipping quotas.

In August 2021, the National Labor Relations Board (NLRB) found that Amazon had violated labor laws preventing its warehouse workers from unionizing when they tried to do so in Bessemer, Alabama. In February, Amazon was again accused of trying to prevent the warehouse workers from unionizing at the Alabama facility.

Last month warehouse workers at one of Amazon’s facilities in Staten Island, New York, voted to form the corporation’s first labor union. Amazon is now challenging the vote to unionize. Following the vote, Amazon has reportedly fired more than six of the Staten Island warehouse managers who fought to form the union.

A report from the Lever reveals that the Biden administration, despite Amazon’s history of interfering in unionization efforts, has rewarded the corporation with a massive federal contract after having vowed not to do so.

The Lever reports:

A day later, Nextgov reported that Biden’s National Security Agency (NSA) ratified a $10 billion cloud computing contract for Amazon, which hired the brother of Biden’s top aide as a lobbyist days after the 2020 presidential election. The contract for the company’s web services division is codenamed “Wild and Stormy,” and is distinct from another massive Pentagon cloud contract on which Amazon is also currently bidding. [Emphasis added]

A few days after Amazon received the NSA contract, the Amazon Labor Union lost its second union election bid by a 2-to-1 margin at another Staten Island warehouse, after Amazon mounted a furious campaign to halt the organizing drive. [Emphasis added]

In effect, while Amazon was doubling down on its union busting, the Biden administration was delivering a massive federal contract to the company, signaling to Amazon executives that he is so far not interested in fulfilling his pledge to use the government’s purchasing power to be “the most pro-union president.” [Emphasis added]

As part of his campaign promises, Biden laid out a plan to prevent corporations like Amazon from receiving lucrative federal contracts after having been accused of union-busting tactics.

He promised to “ensure federal dollars do not flow to employers who engage in union-busting activities, participate in wage theft, or violate labor law.”

Biden’s campaign pledge states:

Biden will institute a multi-year federal debarment for all employers who illegally oppose unions, building on debarment efforts pursued in the Obama-Biden administration. [Emphasis added]

[Biden] will ensure federal contracts only go to employers who sign neutrality agreements committing not to run anti-union campaigns. He also will only award contracts to employers who support their workers, including those who pay a $15 per hour minimum wage and family sustaining benefits. The tax dollars of hard-working families should not be used to damage the standard of living of those same families. [Emphasis added]

Rep. Alexandria Ocasio-Cortez (D-NY) spoke at a union rally for the warehouse workers late last month but has been silent on Biden’s billion dollar contract for Amazon.

Meanwhile, Sen. Bernie Sanders (I-VT) lobbied Biden to not reward Amazon with a federal contract, stating that the corporation has “time and time again” deployed union-busting tactics to stop warehouse workers from organizing.

“Mr. President: It is abundantly clear that time and time again Amazon has engaged in illegal anti-union activity,” Sanders wrote. “Amazon may be a large and profitable corporation, it may be owned by one of the wealthiest people in America, but it cannot be allowed to continue to violate the law and the rights of its employees. The time has come to tell Amazon that if it wants another federal contract it must obey the law.”

Amazon has notoriously skated by for years without paying federal income taxes. In 2020, the corporation paid federal income taxes for the first time since 2016. The amount paid by Amazon was just $162 million last year, a fraction of its 2019 $13.9 billion pre-tax reported income. For context, Amazon paid in federal income taxes just 1.2% of its pre-tax reported income last year.

Likewise, recent tax filings made public show Bezos paid an average federal income tax rate of less than 24 percent. In many cases, Bezos paid far less in taxes than millionaires earning a sixth of his income.

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here

Breitbart Business Digest: Everyone Has a Job and No One Is Happy

sad-worker-barista-coffee-shop-small-business-owner-cafe-restaurant-bar-getty
BartekSzewczyk/iStock/Getty Images
3:28

The April employment reports released Friday perfectly encapsulated the economic moment: everyone has a job and no one is happy about it because of inflation.

Job growth remains surprisingly strong. Nonfarm payrolls grew by 428,000 jobs, beating the forecast for 380,000. The forecast figure would have been impressive in any economy and the beat even more so. Adding 428,000 workers to payrolls when unemployment is already down to 3.6 percent is truly amazing. Adding workers gets harder when there are fewer workers on the sidelines.

The unemployment rate held steady at 3.6 percent and the number of people counted as unemployed fell by 353,000. Why didn’t falling unemployment bring down the unemployment rate? The rate is calculated as the share of people actively participating in the workforce who are looking for work and cannot find jobs. The labor force, however, contracted by 363,000 in April, resulting in a decline in the workforce participation rate to 62.2 percent from 62.4 percent.

We can only speculate as to why so many people dropped out of the workforce in April. The rise in COVID infections could have played a role. Inflation may also be a factor. It may sound bizarre to say that some people decide not to work because prices are going up; but if you are making less after inflation than you had been, the opportunity cost of not working declines. So falling real wages may be discouraging work.

U.S. Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington, DC, on May 4, 2022. (JIM WATSON/Getty Images)

The fall in participation also poses a problem for Fed Chair Jerome Powell. In his press conference this week, Powell argued that he expected that more workers would be returning to the workforce, which would help cool the inflationary pressures of rising wages. The April figures indicate that there’s a risk that falling real wages could push more works out of the labor market. The April decline was driven by a 204,000 drop in Gen X workers between 45 and 54 years old and an even bigger decline in the number older Gen Z workers, with a 198,000 drop in workers aged 20 to 24 years old. Thank goodness the Millennials are such hard workers (or were so scarred by the 2008 financial crisis and low employment years of the Obama administration that they’ll hang on to whatever job they’ve got.)

There were mixed signals on the wage front. Average hourly earnings increased 0.3 percent compared with March, or 5.5 percent compared with a year earlier. The monthly figure indicates a deceleration compared with February to March, which was revised up from 0.4 percent to 0.5 percent. But at three-tenths, earnings would be rising by less than the expected 0.4 percent rise in the core Consumer Price Index (CPI) for April, so real wages might be declining.

The big numbers for next week will be the CPI and the Producer Price index (PPI). Both are expected to cool from the torrid rates seen in March but not by much. CPI is expected to come in at 8.1 percent, which would be a jaw-dropping figure if we hadn’t been a half of a percentage point higher a month ago. Even if CPI comes in cooler than expected, it is sure to be too hot for comfort.

BIDENOMICS: The Real Economy

Evictions are Coming as Small Businesses Miss Rent Payments

https://www.youtube.com/watch?v=37QiUUgJMh0


DELAWARE BANS JOE BIDEN! THREATENS PRISON OR DEPORTATION!!!

 https://mexicanoccupation.blogspot.com/2022/05/x.html

Poll: Joe Biden’s Approval Rating in Delaware Underwater by 3 Points

Only One U.S. City Affordable for Middle Class First-Time Home Buyers: Pittsburgh, PA  

Pittsburgh, Pennsylvania - city in the United States. Shadyside district residential neighborhood.
Getty Images/tupungato
4:08

First-time homebuyers who earn middle-class paychecks have been pushed out of cities across the United States, says a report from the Urban Reform Institute and the Frontier Centre for Public Policy. The only exception is Pittsburgh, Pennsylvania, the report said.

The San Francisco Chronicle detailed how unaffordable cities in California are and included additional details about the study, which looked at housing around the world:

The finding that the East Coast city now stands alone in the “affordable” category in the 2022 Demographia International Housing Affordability report was “surprising,” according to Wendell Cox, a senior fellow at the Urban Reform Institute in Houston and the Frontier Centre for Public Policy in Canada, which jointly issued the report 

“Housing affordability in virtually all markets has worsened in the last couple of years as a result of the pandemic related ‘demand shock,’” Cox said. “This huge increase in demand relative to supply has occurred as households have sought larger houses and yards.

The report, based on data from the third quarter of 2021, used the price-to-income ratio, or median house price divided by the gross median household income, to rate middle-income housing affordability. The lower the ratio, referred to as the “median multiple,” the more affordable a market is.

Affordable housing is especially important because of the surge in remote work, but according to the National Association of Home Builders almost 70 percent of households in the U.S. can’t afford the median-priced house.

Pittsburgh also comes in as the single most affordable city in the world compared to city markets in Australia, Canada, China, Ireland, New Zealand, Singapore, the United Kingdom, and the United States.

The median home price on Redfin in Pittsburgh is $231,700.

U.S. major housing markets ranked by affordability

Rankings are based on the “median multiple” or price-to-income ratio.

 

RankMarketMedian multiple
1Pittsburgh, PA2.7
2Oklahoma City, OK3.3
2Rochester, NY3.3
4St. Louis, MO-IL3.6
5Cleveland, OH3.7
6Cincinnati, OH-KY-IN3.8
7Buffalo, NY3.9
8Kansas City, MO-KS4.0
8Louisville, KY-IN4.0
8Tulsa, OK4.0
11Detroit, MI4.1
11Hartford, CT4.1
13Grand Rapids, MI4.2
13Virginia Beach-Norfolk, VA-NC4.2
15Columbus, OH4.3
15Indianapolis. IN4.3
15Minneapolis-St. Paul, MN-WI4.3
18Baltimore, MD4.4
18Philadelphia, PA-NJ-DE-MD4.4
20Atlanta, GA4.5

Source: Frontier Centre for Public Policy, Urban Reform Institute

Last year three other cities were rated affordable along with Pittsburgh — Rochester and Buffalo, New York, and St. Louis, Missouri.

Follow Penny Starr on Twitter


The Richest Billionaires’ $5,000,000,000 Homes

https://www.youtube.com/watch?v=V_o47OOgXik

 

'The Five' roast Democrats for bragging about Biden's economy



25 Facts About Inequality In America That Will Blow Your Mind