Jeff Bezos, the third richest person in the world with a net worth of $138.8 billion, called US President Joe Biden's take on inflation a misdirected one. Jeff Bezos has criticised US President Joe Biden over his remark on controlling inflation in the country by taxing "the wealthiest corporations". "You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share," Biden had tweeted on Saturday. You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022 Inflation in the US surged to 8.3% in April, approaching a 40 year record, the New York Post reported. Prices for food and fuel have soared. Close Bezos, the third richest person in the world with a net worth of $138.8 billion, called the President's take on inflation a misdirected one. "Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them … [Read more...] about Jeff Bezos criticises Joe Biden over tweet on taxing super rich to control inflation
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Jeff Bezos said US President Joe Biden's plans for larger spending were largely thwarted by Senator Joe Manchin. Jeff Bezos has criticised US President Joe Biden's take on inflation again. The Amazon founder said that the administration tried hard to inject more stimulus into an already inflationary economy. "Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country," Bezos tweeted. He was reacting to a tweet by an NGO which appeared to disagree with Biden's claims that this year, the government is on track to cut the deficit by $1.5 trillion – the biggest one-year decline ever. Joe Biden also claimed that under his predecessor Donald Trump, the deficit increased every year. The Twitter user Neoliberal then pointed out, "The deficit is decreasing because we’re not doing pandemic aid anymore, and federal receipts are up because of inflation. Congress, or the Biden administration, didn’t do anything to lower the deficit." … [Read more...] about Jeff Bezos hits out at Joe Biden again: ‘Misdirection doesn’t help the country’
The new White House press sec. Karine Jean-Pierre appeared to dodge a question from Fox News’ Peter Doocy about a tweet from President Joe Biden regarding inflation. “Karine, congratulations, it’s nice to see you up there,” Doocy began. “The president’s Twitter account posted the other day if you wanna bring down inflation, let’s make sure the wealthiest corporations pay their fair share. How does raising taxes on corporations reduce inflation?” “Um, so, are you talking about a specific tweet?” Jean-Pierre, who appeared stumped, asked. Doocy then referenced a May 13 tweet from Biden that said “you want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022 “Look, we have talked about, um, we have talked about this past year, about making sure that the wealthiest among us are paying their … [Read more...] about Karine Jean-Pierre Stumped On Her First Day When Peter Doocy Asks How Raising Corporate Taxes Lowers Inflation
Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work
Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform that’s now valued at $3.8 billion . advertisement advertisement The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. (Nike, having not minted these NFTs itself, claimed StockX was misusing its trademark by minting NFTs from Nike shoes.) Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. Last June, Nike sued the Brooklyn-based art collective MSCHF, after the group released Satan Shoes, which were Nikes … [Read more...] about Nike is suing StockX for allegedly selling counterfeit shoes. What happens next?
Electric trucks in the pipeline are sending shares higher Tesla rival Nikola is building electric trucks with hydrogen fuel cells A lot of hype and promotion, but the market may not be large enough Nikola has to build a large hydrogen generation and fueling network Trucks are as American as Apple Pie or baseball. Ford launched the first factory-built pickup truck for farmers in 1925, and the company's F-Series has been America's best-selling vehicle for 38 straight years. We're hearing a lot about trucks lately, but these aren't your father's or grandfather's pickups. We're not even 100% certain they'll be yours. For one thing, most only exist as prototypes, digital images and specs at this point and not all may make it to market. Ford yesterday delayed its F-150 electric pickup truck launch to mid-2022. Yesterday Tesla's stock price tore past $1,000 after CEO Elon Musk told employees that it's time to "go all out" and bring the Tesla semi, unveiled in 2017, to volume … [Read more...] about Electric Truck Wars Heat Up