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Tuesday, January 11, 2022

SCOTUS changed a transcript from Justice Neil Gorsuch about how many people die of the flu each. It previously said "hundreds of thousands" and now says "hundreds, thousands". read more


Monday, January 10, 2022

In November 2021, Elon Musk tweeted "It's either traffic forever or tunnels." Well, that does not really seem to be the case. On Thursday there was a major traffic jam in an underground tunnel built by The Boring Company " run by Musk " at the Las Vegas Convention Center. And it happened during a less-than-crowded CES. read more


Friday, December 24, 2021

This month, Congress held multiple hearings on cryptocurrency, in which lawmakers called for new regulations and expressed concern about the threat that this new technology poses to the U.S. banking industry and traditional financial system. In the latest Reason video, we explore what we would have liked to see happen during the crypto hearings. read more


Sunday, December 19, 2021

A realtor, a cleaning service operator and even a NASA employee have all now filed claims against Hertz, saying a simple rental turned into their worst nightmare. Some of those incidents were caught on video. Anna Werner reports. read more


Friday, December 17, 2021

Real-life quidditch, inspired by the magical game in "Harry Potter," is changing its name, citing author J.K. Rowling's "anti-trans positions in recent years." US Quidditch and Major League Quidditch announced in a joint news release Wednesday that they will conduct a series of surveys over the next few months to decide on a new name for the sport, which resembles soccer and field hockey, but as a contact sport with broomsticks.


Comments

There's a massive disconnect between the Corporate Green narrative people want to push defensively, and the inflation people are finding at grocery stores that run on very narrow margins.

Elizabeth Warren Blames High Food Prices on Grocery Chains' 'Record' 1 Percent Profit Margins

"Grocery stores consistently have among the lowest profit margins of any economic sector. According to data compiled this month by New York University finance professor Aswath Damodaran, the entire retail grocery industry currently averages barely more than 1 percent in net profit. In its most recent quarter, Kroger reported a profit margin of 0.75 percent, during a time in which Warren claims that the chain was "expanding profits" due to its "market dominance."

"In actuality, for much of the last year, grocery stores have seen enormous boosts in revenue, but not increased profitability, for the simple reason that everything has been costing more: not just products, but transportation, employee compensation, and all the extra logistical steps needed to adapt to shopping during a pandemic. Couple that with persistent inflation"which Warren also recently blamed on "price gouging""and it is no wonder that things seem a bit out of balance."

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