In 2019, Amazon had over $280 billion in revenue and $11.9 billion in profits. Its owner, Jeff Bezos, was worth $130 billion as recently as February. Since then, Amazon stock is down about 20% since its peak, but Bezos is still doing very well. While local businesses suffer,
Aw the 1%. How I love to hate them. Three friends have been laid off from companies since Friday here in SW VA. Manufacturer, furniture store and a white collar company. I dare say this is going on all over America.
No sick days for them anymore.
Capitalism can suck as the profits are protected but while the stock market tanks...?
Meanwhile back at the ranch Trump gives himself a 10 and Moscow Mitch asks Federal judges to retire so Trump appointees can take their places.
I have to say, we are in quick sand and it don't look good that Tarzan is arriving with super strength and a log to pull us out.
Very devious to use the usually kind nature of the employees for them to put themselves at risk by giving up their own sick leave benefits when Amazon is profitable well beyond the grasp of many of us. Bezos has the financial clout to have all his employees tested to gauge how safe the place is to shop--it would be a good business strategy in places like California, where so many are now under "shelter at home" orders in the Bay Area and Santa Cruz. I know they can be exposed and sickened after such testing, but at least there would be a baseline and ability to address who should be working and who should be home on Netflix.
Why is it that the wealthiest companies and individuals are also the stingiest and so often have to be shamed into doing the right thing? Guess we all need to keep the pressure on them until they do. Thanks for harping on this extremely important issue. It effects ALL of our health and well being.
Keep up the excellent work, Judd. You know what you're doing. Obviously. Just keep doing it. I hope your readership is growing. There's a lot of vital info to learn- just from this one news source.
No telling how much that practice has played into the spread of Coronavirus to this point. And of course there is no telling how much it is and WILL play into the spread of CV from this point on. This virus ‘moves’ in a matter of days, if not hours.
We readers need to act quickly.
In addition to sharing, what is the fastest, most powerful way to PRESS Bezos, Whole Foods, the monkey blocking the House bill, and the whole of the Senate to ACT NOW?
I can try to get the attention of NY Gov Andrew Cuomo on social media (as if he doesn’t already have enough on his plate), but he also has immense press opps right now.
I encourage each of you to do the same, tagging your shares with as many key players as possible. I’ve gotten the attn of US Senators that way before; let’s do it again.
While I have enjoyed many of your articles, this topic has grown tiresome and boring and more opinion and personal axe grinding than fact. Maybe spend more time on Facebook. Amazon is not the first, nor will it be the last, market leader. I would argue Sears was the first “Main Street” killer starting with its catalogue business and then its physical stores, then there were the big box retailers Walmart, K-Mart, Macy’s and the list goes on and on. If Amazon succeeds by selling what its customers want at the prices they want to pay why are you blaming the vendor and not the customer? Because the customer would tell you to mind your own business. This is capitalism and this system may be far from perfect, it is better than any other at providing consumers with what they want and the best price.
Aw the 1%. How I love to hate them. Three friends have been laid off from companies since Friday here in SW VA. Manufacturer, furniture store and a white collar company. I dare say this is going on all over America.
No sick days for them anymore.
Capitalism can suck as the profits are protected but while the stock market tanks...?
Meanwhile back at the ranch Trump gives himself a 10 and Moscow Mitch asks Federal judges to retire so Trump appointees can take their places.
I have to say, we are in quick sand and it don't look good that Tarzan is arriving with super strength and a log to pull us out.
Very devious to use the usually kind nature of the employees for them to put themselves at risk by giving up their own sick leave benefits when Amazon is profitable well beyond the grasp of many of us. Bezos has the financial clout to have all his employees tested to gauge how safe the place is to shop--it would be a good business strategy in places like California, where so many are now under "shelter at home" orders in the Bay Area and Santa Cruz. I know they can be exposed and sickened after such testing, but at least there would be a baseline and ability to address who should be working and who should be home on Netflix.
Why is it that the wealthiest companies and individuals are also the stingiest and so often have to be shamed into doing the right thing? Guess we all need to keep the pressure on them until they do. Thanks for harping on this extremely important issue. It effects ALL of our health and well being.
Keep up the excellent work, Judd. You know what you're doing. Obviously. Just keep doing it. I hope your readership is growing. There's a lot of vital info to learn- just from this one news source.
No telling how much that practice has played into the spread of Coronavirus to this point. And of course there is no telling how much it is and WILL play into the spread of CV from this point on. This virus ‘moves’ in a matter of days, if not hours.
We readers need to act quickly.
In addition to sharing, what is the fastest, most powerful way to PRESS Bezos, Whole Foods, the monkey blocking the House bill, and the whole of the Senate to ACT NOW?
I can try to get the attention of NY Gov Andrew Cuomo on social media (as if he doesn’t already have enough on his plate), but he also has immense press opps right now.
I encourage each of you to do the same, tagging your shares with as many key players as possible. I’ve gotten the attn of US Senators that way before; let’s do it again.
Yet, I can't stop using Amazon. Bezos wins.
While I have enjoyed many of your articles, this topic has grown tiresome and boring and more opinion and personal axe grinding than fact. Maybe spend more time on Facebook. Amazon is not the first, nor will it be the last, market leader. I would argue Sears was the first “Main Street” killer starting with its catalogue business and then its physical stores, then there were the big box retailers Walmart, K-Mart, Macy’s and the list goes on and on. If Amazon succeeds by selling what its customers want at the prices they want to pay why are you blaming the vendor and not the customer? Because the customer would tell you to mind your own business. This is capitalism and this system may be far from perfect, it is better than any other at providing consumers with what they want and the best price.