Robert Reich
@RBReich
Berkeley professor, former Secretary of Labor. Co-founder, @InequalityMedia. Substack: https://t.co/U9YAAOMrTQ | Mastodon: https://t.co/WXFjvvEnbx
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http://linktr.ee/rbreich 26-05-2010 23:17:10
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Did Red Lobster go down because of its Endless Shrimp deal? Luke Goldstein runs the numbers.
Losses from Endless Shrimp: $11 million
Sale-leaseback deal that put Red Lobster on the hook for rent payments: $1.5 *billion*
prospect.org/economy/2024-0…
.Elizabeth Warren exposes how corporations exploit inflation: General Mills & Hershey's CEOs openly admit to using it as a shield to hike prices—boasting increased profits during earnings calls.
It's not just passing costs; it's maximizing profits under the guise of inflation.