If the Kroger-Albertsons merger goes through, that combined company + Walmart would control 70% of the grocery market in over 160 cities.
Think grocery prices are bad now?
Without competition, it would be a price gouging free-for-all.
This is why the FTC is suing to stop it.
Robert Reich
rbreich@masto-ai.mostr.pub
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Berkeley professor, former Secretary of Labor. Co-founder of Inequality Media. Sign up for updates, analysis and drawings: http://robertreich.substack.com
Whether it’s Sam Bankman-Fried, Bernie Madoff, or Elizabeth Holmes, it seems like super-rich con artists only get prison time when their victims also include the super rich.
Four years ago, Trump admitted about Covid for the first time: “This is a pandemic. I felt it was a pandemic long before it was called a pandemic.”
A week earlier he'd been promising it would just “go away” on its own.
Yesterday, Pres. Biden proposed a budget that makes the wealthy and big corporations pay their fair share while lowering costs for working Americans.
What was Donald Trump doing? He was on TV saying he'd cut Social Security and Medicare.
The contrast could not be more clear.
Because of the pay gap, women have lost out on more than $60 trillion in wages since 1967.
Yes, trillion.
Today women still earn roughly 84 cents for every dollar earned by men, despite playing an outsized role in our economy.
We must ensure fair wages for all.
"Reminder that special counsel Hur's classified documents investigation exonerated President Biden and recommended no charges.
Trump, on the other hand, has been charged with dozens of counts for his alleged retention of nat'l security documents (which included nuclear secrets.)"
Billionaires are taking over everything. How can we stop them? I have some thoughts.
At tonight's #GOPDebate we heard plans to expand the death penalty, send troops into Mexico, ban lifesaving medical care for trans kids, burn more coal, and eliminate the Dept of Education.
Did I miss anything?
"School choice" sounds great, but it's a euphemism for defunding public schools and funneling the money to private, for-profit schools that don't have to accept all students, are not accountable for their curricula, and can use your tax dollars for religious indoctrination. #GOPDebate
Republicans passed a ~$2 trillion tax cut for the rich and added $7 trillion to the national debt under Trump. And we're supposed to believe they're risking a shutdown because they care about "fiscal responsibility"?
It's all just a game to them.
Call me a radical Lefty, but I don’t think an entry-level federal employee should be subject to more stringent ethics rules than Clarence Thomas.
Here's the truth about tax cuts for the rich.
They explode the federal debt, fuel giant profits at the biggest firms and financial institutions, and stoke a surge in billionaire wealth but do nothing for average working people.
Nothing trickles down.
Notice how essentially nobody in Washington asks “if we can afford” an $886 billion defense budget?
No, we only hear that when we need health care, or student debt relief, or climate action, or paid family leave, or universal pre-K, or child-poverty relief.
Let me get this straight: teachers can only write off $300 in out-of-pocket expenses for school supplies, but “three-martini” business lunches are fully tax deductible for corporations. Hello?
365-to-1: The CEO-worker pay ratio at Stellantis
362-to-1: The CEO-worker pay ratio at GM
281-to-1: The CEO-worker pay ratio at Ford
The Big Three CEOs keep pretending they can't afford to pay workers fairly while they themselves are raking in millions off of workers' labor.
Here are five things that ruined air travel (and the rest of our economy).
I refuse to tolerate a system that lets the 500 richest people add $852 billion to their wealth in the past six months alone, but doesn’t raise the $7.25 federal minimum wage for over a decade.
2023 is on track to be the hottest year on record, but we still have Republicans claiming the climate crisis is a "hoax." What planet are they living on?
Stop asking: Do Starbucks workers really need to unionize?
Start asking:
-Does Starbucks’ new CEO really need a pay package worth $28 million+?
-Does he really need to be paid 800x Starbucks workers?
BREAKING: A grand jury of Georgia citizens has reportedly indicted Trump on charges including racketeering and conspiracy for his alleged efforts to overturn the election results in that state.
This is his 4th indictment. He already faces 78 felony charges in 3 other cases.

