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#vulturecapitalism

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Guardian: Cal-Maine’s profits more than tripled compared with the same quarter last year – and are nearly eight times as high as at the start of the bird flu outbreak in February 2022, according to financial results published on Tuesday. The company, which produces 20% of the eggs eaten in the US, made $1bn in windfall income in the first three-quarters of the financial year – the profits extracted after accounting for production, processing and transport costs.

On Tuesday, Cal-Maine said that its sales almost doubled to $1.42bn in the fiscal third quarter, which ended on 1 March, primarily down to raising egg prices, which has hurt consumers who rely on the once affordable protein source. But the company’s shares then fell by more than 4% after acknowledging that it was being investigated by the justice department’s anti-trust division. Mississippi-based Cal-Maine said it received notice of the investigation into egg price increases last month and that it was cooperating with the investigation.

#GraceBlakeley #VultureCapitalism “The elite would have to be trained in the art of repressing representative democracy and building a strong and powerful state, while the masses would be fed lines about 'rolling back the nanny state' and 'freedom to choose'. For some,such as Hayek himself, this 'double truth' was a necessary evil that resulted from the difficult interaction between elegant neoliberal theory and the real, messy world of capitalist political economy”

Hard to believe how bad MEC has gotten. Some prices are triple what they used to be, for notably worse quality equipment!

And though some staff are friendly now, the repair/service desk used to be welcoming and useful. Zippers were never a problem to get repaired, and so on. Now? 0/10, would not interact with again. Not just unhelpful, but insulting.

Any advice for outdoors equipment in the Lower Mainland, when second-hand sources aren't panning out? Lee Valley?

Online-only retailers are not suitable this time.

@jawarajabbi Aren't "grants" another kind of "free money" which is from a usually non-caring States that simply want to find out all the info and what they take advantage of from it and your research ?

You mentioned "philanthropic organizations" that would be help better than my description of a grant - but can you name some philanthropic organizations ? ❓

Grant doesn't seem like a good free lunch either they really do give it almost blindly / without terms and conditions (?)... that's why I'd like an example.

Who doesn't want something back like any Vampire Empire which is like the Venture Capitalist / Vulture Capitalism people talk about (in fact the head Vulture being state so not much better)..

#VampireEmpire ? 🧛 💉 🩸
#VentureCapitalism 💰 🤑 💰
#VultureCapitalism 🦃 👸 💎
Or just Vanilla #Capitalism as #Grants / paid research and development for the next dirty work from your ideas...

#philanthropy organizations ?

I met a traveler from an antique land,
Who said—“Two vast and trunkless legs of stone
Stand in the desert. . . .
...
And on the pedestal, these words appear:
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!

Nothing beside remains. Round the decay
Of that colossal Wreck, boundless and bare
The lone and level sands stretch far away.”

"Ozymandias"
by Percy Bysshe Shelley

“Nothing feels more emblematic to the fight for the soul of the Democratic Party than a Republican-funded super PAC coming after a former nurse and middle school principal,” he said, pointing to United Democracy Project donors like hedge fund manager Paul Singer, whose Elliott Management has fossil fuel investments.

#CrowLeoSingerCorruptedRobertsSettlerColonialCourt #VultureCapitalism #GenocideTaxBuysApartheidFromTheRiverToTheSea

eenews.net/articles/green-new-

E&E News by POLITICO · Green New Deal backers in danger of losing primariesProgressives are encountering stiff competition in races this year. Allies are coming to the rescue.
Continued thread

By the way, #Greyhound could be headed in the same direction, as it was purchased and the land underneath the many downtown stations was sold out from under the company. Unlike Europe, Greyhound doesn't operate in other transit stations, it needed those Greyhound stations to operate, and the company is in serious trouble.
#VultureCapitalism #PrivateEquity #bankruptcy
axios.com/2023/11/18/greyhound

Axios · Greyhound stations are leaving downtowns after sale to notorious investment firmBy Sam Allard

How did the parent company of #Megabus go bankrupt?

"Coach, the largest privately-owned bus company in the U.S., was acquired by private equity firm Variant Equity Advisors for $270 million, mostly using debt that is still on the company's books."

Oh, the all-too-common private equity vulture capitalism way.
#VultureCapitalism #PrivateEquity #bankruptcy

reuters.com/business/autos-tra

My prediction, for you to write down & come back at me with if I turn out to be wrong (I won't): Ive & Altman's 10-billion-dollar project will fail completely as a business* but succeed wildly in making themselves & a few members of the VC class even richer.

*that is, they'll probably have product concepts people want in principle, but they'll be either unfeasible, unviable or both.