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#profiteering

1 post1 participant0 posts today

As #EggPrices soared, so did producer #profits

A #USDA program doled out hundreds of millions in relief payments to big egg companies, even as the largest earned record profits.

The #AvianInfluenza outbreak has had far-reaching consequences: >120M hens have been slaughtered & #egg #prices have risen to record levels. In his address to Congress, #Trump called the situation “out of control.”

Yet for some #corporate companies, these are good times.

#BirdFlu #Profiteering
washingtonpost.com/business/20

The Washington Post · As egg prices soared at the supermarket, so did producer profitsBy Peter Whoriskey

Trump's hardly the first US politician to profit from his office, nor is this behaviour confined to the right; plenty of supposedly left of centre officials and legislators have turned their public office to private benefit.

What is new and disturbingly different is the sheer scale and shamelessness of the profiteering, self-dealing, and corruption here. What's worse, Trump and his sycophants promote these actions as "smart" and "patriotic".

Critics accuse Trump and others of profiting from their positions | PBS News

pbs.org/newshour/show/critics-

PBS News · Critics accuse Trump and others of profiting from their positionsBy Laura Barrón-López

why is this #weeny crying? will his kids go to war? (unlikely because he is part of the #rich elite, only the #poor will DIE for even more #profit!) let me tell you this: after #ww2 and the EXCELLENT #Marshallplan of course #EU and #USA were friends, because #USA effectively helped #Europe recover from the #destruction (not without profiting) so #Europe has ALWAYS been a #Theater for #Americans to play in, play #war, play #influence. Whoever thinks this will change overnight is gravely mistaken, #Europe DOES NOT EVEL BUILD A SINGLE SMART PHONE X-D #Europe is COMPLETELY dependant on #US and #China #infotec companies (so much for "#independence"?) a #EU #Army will not solve that problem X-D
the #US #colony called #Europe is about to get thrown into the same #war and #profiteering #abyss as #Ukraine #wtf? just for #rich #asholes to get #richer that's all (read #ww1 #veteran #SmedleyButtler #warisaracket) #msc2025

The #KidStarver bullshits again!

“13 things you should know about Starmer's nuclear plan”

by Another Angry Voice on Substack

@UKLabour

“Keir Starmer is very clear about how he's planning to bulldoze opposition to his new nuclear plan, but he's being deeply deceptive about his motivations, and who the eventual benefactors will be”

open.substack.com/pub/anothera

Another Angry Voice · 13 things you should know about Starmer's nuclear planBy Another Angry Voice
#Press#UK#Starmer

Journalist Nora Loreto sounds the alarm on the possibility of #Canadian capitalists using the Trump tariffs as an excuse to jack up prices and profiteer as they did during the pandemic.

We are going to need action against tariff profiteering by corporations.

#Canada #CanadianPolitics #cdnpoli #profiteering #monopolies #oligopolies

noraloreto.substack.com/p/ok-b

Nora Loreto · Ok, but what about profiteering?By Nora Loreto

This is so fucking wrong it makes my blood boil, I swear.

“New South Wales Premier Chris Minns asked residents to avoid running large appliances, like dishwashers and washing machines, for a few hours to ease pressure on the grid. During that incident the wholesale power spot price hit the market cap of $17,500 (the average for the quarter was $88).” (Source: ABC News)

If this is not a runaway ‘market’ grifting, I don’t know what is. High demand for #electricity which stresses the #grid Does Not mean extra very costly electricity is imported from Tonbouktou !

#Energy demand is a societal fact which support the basic human right to safe shelter (the means to regulate temperature inside a dwelling), yet when the grid can’t meet demand, the response is to jack the price up to see how far they can push the grift. What a fucked up market.

Time to #nationalise the energy market and stop this #profiteering. #ThisIsNotCapitalism it is #extortionism #aupol

I am so mad right now.

Representative Rashida Tlaib of Michigan and 13 colleagues wrote to the CEO of the supermarket behemoth #Kroger in November about electronic price tags (often called #electronic #shelf #labels or #ESLs ).
These digital displays allow companies to change prices automatically from a mobile app.
Tlaib warned that this so-called “#dynamic #pricing” permits retailers to adjust prices based on their whims.
Just as #Uber raises prices during storms or rush hour, retailers like Kroger use ESLs to adjust prices based on factors like time of day or the weather.
Supermarkets could conceivably mine a shopper’s personal data to set prices as high as possible.
“My concern is that these tools will be abused in the pursuit of profit, surging prices on essential goods in areas with fewer and fewer grocery stores,” Tlaib wrote.
In August, Senators Elizabeth #Warren and Bob #Casey wrote to Kroger raising similar concerns about #price #gouging.
Noting that the company has already implemented the technology in hundreds of stores across the county, they warned that
“ESLs may help Kroger extract maximum profits from consumers at a time when…high grocery prices are a leading concern among Americans who are concerned about inflation.”
Warren and Casey also voiced concern about Kroger’s partnership with Microsoft to install #facial-#recognition technology in stores,
which could be used to identify individual customers:
When a shopper approaches the shelf, she would see a price calibrated specifically for her.
The next shopper might pay a different amount based on their profile.
Retailers could use shopper data to charge higher prices to those who can afford to pay more, but since stores do not have to disclose who is making pricing decisions or why,
the senators worry that shoppers on a budget are particularly vulnerable.
“It is outrageous that, as families continue to struggle to pay to put food on the table, grocery giants like Kroger continue to roll out #surge #pricing and other corporate #profiteering schemes,” they wrote

thenation.com/article/society/

The Nation · Automation in Retail Is Even Worse Than You ThoughtNew technology is not just making shopping more challenging for workers and consumers—it’s poised to rip off the most vulnerable.

#USA #healthcare

Annual ‘winners’ for most egregious #US healthcare profiteering announced

Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples

The 2024 “winners” of the annual #Shkreli awards, given each year to perpetrators of the most egregious examples of #profiteering and #dysfunction within the healthcare industry, have been released from the #LownInstitute, an independent healthcare #thinktank

theguardian.com/us-news/2025/j