So companies don't want to pay employees and then are surprised when people don't spend money? Interesting
The US could use a general strike.
Sent from my SM-N981U using Tapatalk
"General Strike"
![]()
What? All of our generals should go on strike, we haven't given them a good war in ages.
Sent from my SM-N981U using Tapatalk
https://www.npr.org/2023/03/16/11639...-bank-bank-run
11 banks will lend First Republic $30B to keep it from failing.
First Republic was on the verge of failing after it was discovered that 67.7% of it's domestic deposits were uninsured by the FDIC.A group of 11 lenders says they will deposit $30 billion in the beleaguered midsized lender in an effort to prop it up.
Bank of America, Citigroup, J.P. Morgan Chase, and Wells Fargo will deposit $5 billion each. Goldman Sachs and Morgan Stanley will deposit $2.5 billion each. An additional $5 billion will come from five other banks.
Credit Suisse almost went under, UBS is buying it out for about $3B to prevent outright collapse.
Sent from my SM-N981U using Tapatalk
It's almost like bullshitting numbers to earn money from interest is not a good business model
"How many times are we going to have to teach you this lesson old man?!"
Amazon cuts another 9000 jobs, in addition to the 18000 they've already laid off.
Sent from my SM-N981U using Tapatalk