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Consumer Economy Fueled By Giant Corporations,
In today’s economy the burden of fewer sales is not dispersed over hundreds of stores, it is dispersed primarily over just two (Wal-Mart and Target). When the giants have a bad fiscal quarter their stocks fall, and the entire country is adversely affected by its over-reliance on them
Wal-Mart and Target are just as much a monopoly as the companies we learned about in American History classes. One giant corporation helps another giant corporation, and in the end all of the smaller shops are forced to close. These giant corporations then become dependent on your constant input of consumer dollars to survive.
These monopolist companies destroy small businesses and make it impossible for startups to compete or survive. There used to be an array of general and department stores for people to use, now they can go to Wal-Mart or Target anywhere in the world and buy the exact same things. By building our consumer economy around these super stores, we condemn ourselves to always having to feed the giant. If it isn’t fed it will react violently, as we all saw with the Wall Street sell-off on May 28.
Oakland's City Council is high on marijuana as a budding business.
The California city's politicians adopted measures that give the go-ahead for large-scale pot farms as a way to generate revenue and regulate the industry late Tuesday night.
In other words, Oakland wants cannabis to go capitalist.
The city will give permits for four, industrial-sized operations, which can be as large as 100,000 square feet, reports the San Francisco Chronicle.
Read more: www.nydailynews.com... uL66JmD4
For starters, applicants must spend $5,000 to cover the administrative costs the city will charge. They must also have $3 million for insurance and fork over a $211,000 annual permit fee to the city. Read more: www.nydailynews.com... uL6U7mQB
The unemployment rate in June fell unexpectedly to 7.9 percent from 8.1 percent, the lowest since January 2009 but still well above the pre-recession level of 6.2 percent.
US Federal Reserve chairman Ben Bernanke has warned that the outlook for the US economy remains "unusually uncertain".
In testimony before the Senate Banking Committee, Mr Bernanke said record low interest rates would still be needed to support economic recovery.
The Fed was also prepared to step in with "further policy actions" to boost the economy if needed, he added.
But he downplayed fears that the US could re-enter recession.
Originally posted by pause4thought
reply to post by unityemissions
What's up, the PPT on holiday?