Capitalism, The Fed and Economic Policy

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  • Halifax2TheMaxHalifax2TheMax Posts: 31,454
    Damn you Brandon! We all know who passed that stellar piece of legislation and signed it, promising 4% GDP growth quarter over quarter for 10 years to pay for that tax cut. Or do we?

    "Large oil companies in the United States have been paying taxes at a significantly lower rate than most other corporations. The chief reason is that there are provisions in the U.S. tax code that allow energy companies to defer and avoid federal income tax payments. The 2017 Tax Cut and Jobs Act slashed the effective tax rate for corporations, and oil companies were among the biggest beneficiaries of the changes because of the ability to defer taxes. The industry also benefits from generous subsidies."

    — Investopedia, 8/25/21

    The nation’s biggest oil companies — ExxonMobil and Chevron — saw their profits roughly triple in the second-quarter as Russia’s war in Ukraine upended global energy markets and left consumers stretching to cover record high pump prices.

    On Friday, Exxon reported net income of $17.9 billion for the three months ended June 31 compared with $4.7 billion in the year ago period. Revenue came in at $111 billion, a 68 percent premium over the same period. Chevron, meanwhile, earned $11.6 billion, versus $3.1 billion in 2021. Sales hit $64 billion, up 80 percent from a year ago.

    The blockbuster results come a day after Europe-based Shell also posted record profits: The three, plus France’s TotalEnergies, collectively earned nearly $51 billion in the most recent quarter, nearly twice what they brought in during the same three months in 2021, according to Reuters.

    Chevron, Exxon post record profits from oil-price boom - The Washington Post

    09/15/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/29/08, 06/30/08, Mansfield, MA; 08/18/08, O2 London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA;

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  • static111static111 Posts: 3,742
    Damn you Brandon! We all know who passed that stellar piece of legislation and signed it, promising 4% GDP growth quarter over quarter for 10 years to pay for that tax cut. Or do we?

    "Large oil companies in the United States have been paying taxes at a significantly lower rate than most other corporations. The chief reason is that there are provisions in the U.S. tax code that allow energy companies to defer and avoid federal income tax payments. The 2017 Tax Cut and Jobs Act slashed the effective tax rate for corporations, and oil companies were among the biggest beneficiaries of the changes because of the ability to defer taxes. The industry also benefits from generous subsidies."

    — Investopedia, 8/25/21

    The nation’s biggest oil companies — ExxonMobil and Chevron — saw their profits roughly triple in the second-quarter as Russia’s war in Ukraine upended global energy markets and left consumers stretching to cover record high pump prices.

    On Friday, Exxon reported net income of $17.9 billion for the three months ended June 31 compared with $4.7 billion in the year ago period. Revenue came in at $111 billion, a 68 percent premium over the same period. Chevron, meanwhile, earned $11.6 billion, versus $3.1 billion in 2021. Sales hit $64 billion, up 80 percent from a year ago.

    The blockbuster results come a day after Europe-based Shell also posted record profits: The three, plus France’s TotalEnergies, collectively earned nearly $51 billion in the most recent quarter, nearly twice what they brought in during the same three months in 2021, according to Reuters.

    Chevron, Exxon post record profits from oil-price boom - The Washington Post

    So this war is good for the oil companies?  Who would have known.  Gotta keep that economy booming. 
    Scio me nihil scire
  • mrussel1mrussel1 Posts: 25,759
    static111 said:
    Damn you Brandon! We all know who passed that stellar piece of legislation and signed it, promising 4% GDP growth quarter over quarter for 10 years to pay for that tax cut. Or do we?

    "Large oil companies in the United States have been paying taxes at a significantly lower rate than most other corporations. The chief reason is that there are provisions in the U.S. tax code that allow energy companies to defer and avoid federal income tax payments. The 2017 Tax Cut and Jobs Act slashed the effective tax rate for corporations, and oil companies were among the biggest beneficiaries of the changes because of the ability to defer taxes. The industry also benefits from generous subsidies."

    — Investopedia, 8/25/21

    The nation’s biggest oil companies — ExxonMobil and Chevron — saw their profits roughly triple in the second-quarter as Russia’s war in Ukraine upended global energy markets and left consumers stretching to cover record high pump prices.

    On Friday, Exxon reported net income of $17.9 billion for the three months ended June 31 compared with $4.7 billion in the year ago period. Revenue came in at $111 billion, a 68 percent premium over the same period. Chevron, meanwhile, earned $11.6 billion, versus $3.1 billion in 2021. Sales hit $64 billion, up 80 percent from a year ago.

    The blockbuster results come a day after Europe-based Shell also posted record profits: The three, plus France’s TotalEnergies, collectively earned nearly $51 billion in the most recent quarter, nearly twice what they brought in during the same three months in 2021, according to Reuters.

    Chevron, Exxon post record profits from oil-price boom - The Washington Post

    So this war is good for the oil companies?  Who would have known.  Gotta keep that economy booming. 
    The only thing not good for an oil company is a pandemic.  
  • Cropduster-80Cropduster-80 Posts: 1,608
    Yup, sure, no profiteering here. Just benevolent oil companies doing their thing. Hey, here’s an idea! Let’s lower their tax rate! Heck, let’s subsidize them some more!

    New YorkCNN Business — 

    ExxonMobil and Chevron both reported massive profit jumps thanks to record gasoline prices during the quarter.

    Exxon’s profit, excluding special items, came to $17.6 billion in the second quarter, nearly double what it made in its very profitable first quarter as oil and gas prices started to soar in the wake of Russia’s invasion of Ukraine. Second-quarter profit was up 273% from the same period a year ago.

    Chevron earned $11.4 billion excluding special items, up 74% from the first quarter and 247% from a year ago.

    Including one-time items, both earned hundreds of millions more: ExxonMobil’s net income reached $17.9 billion, while Chevron brought in $11.6 billion.

    ExxonMobil’s net income came to $2,245.62 every second of every day of the 92-day long quarter. On that basis, Chevron earned $1,462.11 per second.

    Since it takes about two minutes to pump 20 gallons of gas, that means between them the two oil giants earned more than $400,000 between them in the time it took you to fill you tank.

    https://www.cnn.com/2022/07/29/energy/exxonmobil-chevron-earnings/index.html

    My CVX stock returns for the last decade have been crap.  Worst performing sector of the market by a lot.

    why didn’t people care when they were losing money?
  • Cropduster-80Cropduster-80 Posts: 1,608
    static111 said:
    Just kidding Hal, that is just something I have heard people repeat so many times that I think they have started believing it.  In other news.

    https://www.commondreams.org/news/2022/07/28/2021-big-oil-has-spent-over-200-million-sabotage-climate-action-analysis

    The oil and gas industry, one of the most powerful corporate forces in American politics, has spent more than $200 million over the past year and a half to stop Congress from slashing carbon emissions as evidence of their catastrophic impact—from deadly heatwaves to massive wildfires—continues to accumulate in stunning fashion.

    That topline estimate of the fossil fuel industry's lobbying outlays and congressional election spending in the U.S. was calculated by Climate Power, which provided its findings exclusively to Common Dreams.

    Nearly 80% of the industry's campaign donations during the time period examined went to Republican candidates, according to Climate Power, whose analysis draws on data from OpenSecrets.

    Until Wednesday night, when Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) announced a surprise deal on climate investments, it looked as if the industry's influence campaign had fully paid off, having helped crater the Democrats' sweeping Build Back Better package.

    Earlier this month, Manchin—the leading individual recipient of oil and gas industry cash in Congress—informed the Democratic leadership that he would not support moving ahead with renewable energy spending as part of a less ambitious bill, an apparently fatal blow to the hopes of climate action this year and possibly years into the future.

    Manchin, for now, appears to have reversed course, striking an agreement with Schumer that contains a historic $369 billion in climate and energy spending, including billions to speed the country's lagging transition away from fossil fuels. If accepted by all 50 members of the Senate Democratic caucus, the reconciliation bill can pass without GOP support.

    Schumer, who said the measure would put the country "on a path to roughly 40% emissions reductions by 2030," announced that he expects a vote on the legislation by next week. Sen. Kyrsten Sinema (D-Ariz.), a key swing vote, has not commented on the deal.

    Noreen Nielsen, a senior adviser to Climate Power, told Common Dreams that with the new framework, "a strong signal was sent that deep pockets only go so far."

    "Democrats took their biggest step ever towards showing that politicians who protect profiteers fleecing Americans at the pump are on the wrong side of history," said Nielsen. "All the money in the world couldn't stand in the way of an agreement to move forward on a bold plan to ramp up American-made clean energy, lower energy bills for families, and take on climate change."

    But while climate advocates welcomed the proposal overall as a potential game-changer for the environment, they also stressed that the deal is littered with the fingerprints of the oil and gas industry, which—according to Climate Power's new analysis—has spent $63.5 million on lobbying so far this year.

    As part of the agreement, Democratic leaders—including Schumer and President Joe Biden—agreed to reform the regulatory process for pipelines and other fossil fuel infrastructure in the coming months, a victory for Manchin and his industry backers.

    Such reforms could clear the way for the Mountain Valley Pipeline, a fracked gas project in West Virginia and Virginia that, if completed, would spew 89,526,651 metric tons of greenhouse gas emissions into the atmosphere each year.


    continues....

    Here’s what I don’t understand about oil and gas companies, why the fuck aren’t they diversifying and getting into wind, solar and fusion? They’ve got the capital and it seems it’d be a seamless transition to hire, train and repurpose staff to engineer clean energy, from wind turbines to solar panels to battery storage and technology  to micro grids and charging stations. It’s like the horse and buggy industry not seeing the future of automobiles. Dumb and short sighted. Fuck them.
    They do. I know chevron has an entire alternative fuels division 

    problem is that those are the assets they dump or at least stop investing in every time oil prices crash.  Happened  the last two oil cycles then it starts up again when they are way into the black.  It’s short sighted obviously but it also requires them to be making a lot of money.  

    It’s hydrogen  mostly.  They also are developing carbon sequestration.  As long as they make money they don’t care what the source is 
  • static111static111 Posts: 3,742
    mrussel1 said:
    static111 said:
    Damn you Brandon! We all know who passed that stellar piece of legislation and signed it, promising 4% GDP growth quarter over quarter for 10 years to pay for that tax cut. Or do we?

    "Large oil companies in the United States have been paying taxes at a significantly lower rate than most other corporations. The chief reason is that there are provisions in the U.S. tax code that allow energy companies to defer and avoid federal income tax payments. The 2017 Tax Cut and Jobs Act slashed the effective tax rate for corporations, and oil companies were among the biggest beneficiaries of the changes because of the ability to defer taxes. The industry also benefits from generous subsidies."

    — Investopedia, 8/25/21

    The nation’s biggest oil companies — ExxonMobil and Chevron — saw their profits roughly triple in the second-quarter as Russia’s war in Ukraine upended global energy markets and left consumers stretching to cover record high pump prices.

    On Friday, Exxon reported net income of $17.9 billion for the three months ended June 31 compared with $4.7 billion in the year ago period. Revenue came in at $111 billion, a 68 percent premium over the same period. Chevron, meanwhile, earned $11.6 billion, versus $3.1 billion in 2021. Sales hit $64 billion, up 80 percent from a year ago.

    The blockbuster results come a day after Europe-based Shell also posted record profits: The three, plus France’s TotalEnergies, collectively earned nearly $51 billion in the most recent quarter, nearly twice what they brought in during the same three months in 2021, according to Reuters.

    Chevron, Exxon post record profits from oil-price boom - The Washington Post

    So this war is good for the oil companies?  Who would have known.  Gotta keep that economy booming. 
    The only thing not good for an oil company is a pandemic.  
    This seems extra good for them though.  Good enough that it would be in their interst for this conflict to be prolonged as long as possible and for western energy companies to not put any pressure on their OPEC+ counterparts to increase production.  As a bonus no one (majority of people) aren't thinking about green energy or long term environmental devestation of fossil fuel consumption.  A real win win win for them.
    Scio me nihil scire
  • mickeyratmickeyrat Posts: 25,790

     
    US inflation slows from a 40-year peak but remains high
    By CHRISTOPHER RUGABER
    1 hour ago

    WASHINGTON (AP) — Falling gas prices gave Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from the four-decade high that was reached in June.

    Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June. On a monthly basis, prices were unchanged from June to July, the smallest such rise in more than two years.

    Besides gasoline, among the consumer purchases whose prices sank from June to July were airfares, which plunged nearly 8%. Hotel room costs fell 2.7%, used car prices 0.4%. Such items had previously delivered some of the economy's steepest price jumps.


    continues.....


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  • mrussel1mrussel1 Posts: 25,759
    Nasdaq is officially back in a Bull market.   

  • Halifax2TheMaxHalifax2TheMax Posts: 31,454
    mrussel1 said:
    Nasdaq is officially back in a Bull market.   

    Damn you Brandon, fuck off!
    09/15/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/29/08, 06/30/08, Mansfield, MA; 08/18/08, O2 London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA;

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  • mrussel1mrussel1 Posts: 25,759
    mrussel1 said:
    Nasdaq is officially back in a Bull market.   

    Damn you Brandon, fuck off!
    The NASDAQ index in now officially fake. 
  • mrussel1mrussel1 Posts: 25,759
    Crude Oil is down to $87 and Brent Crude is $93.  We should see continuing falling gas prices heading into the fall election campaign.  Things should tighten up.  
  • tempo_n_groovetempo_n_groove Posts: 32,637
    mrussel1 said:
    Crude Oil is down to $87 and Brent Crude is $93.  We should see continuing falling gas prices heading into the fall election campaign.  Things should tighten up.  
    They never fall as fast as they go up though...
  • mrussel1mrussel1 Posts: 25,759
    mrussel1 said:
    Crude Oil is down to $87 and Brent Crude is $93.  We should see continuing falling gas prices heading into the fall election campaign.  Things should tighten up.  
    They never fall as fast as they go up though...
    That's for shizzle. 
  • Halifax2TheMaxHalifax2TheMax Posts: 31,454
    Damn you Brandon!
    09/15/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/29/08, 06/30/08, Mansfield, MA; 08/18/08, O2 London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA;

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  • mickeyratmickeyrat Posts: 25,790
    mrussel1 said:
    mrussel1 said:
    Crude Oil is down to $87 and Brent Crude is $93.  We should see continuing falling gas prices heading into the fall election campaign.  Things should tighten up.  
    They never fall as fast as they go up though...
    That's for shizzle. 

    $3.07.......
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 25,759
    mickeyrat said:
    mrussel1 said:
    mrussel1 said:
    Crude Oil is down to $87 and Brent Crude is $93.  We should see continuing falling gas prices heading into the fall election campaign.  Things should tighten up.  
    They never fall as fast as they go up though...
    That's for shizzle. 

    $3.07.......
    That's your 87 in Columbus?  
  • Halifax2TheMaxHalifax2TheMax Posts: 31,454
    What a dystopian freaking society we've created. I can't wait to retire. Or be in hospice. NYT email blast.

    View in browser|nytimes.com

     
    August 15, 2022

      By David Leonhardt


    Good morning. Employers have a new tool in the struggle with employees over workplace power: constant monitoring.


    Dora Potts, editor in chief of a test prep service, in her home office in Minnesota.Jenn Ackerman for The New York Times

    We see you

    In the back and forth over workplace power, American employers have been getting the better of employees for the past few decades.
    Companies have been getting bigger, giving them greater ability to set prices and wages. Labor unions have been shrinking, leaving workers with less ability to negotiate for raises. And court rulings, especially from the Supreme Court, have tended to side with companies over workers or regulators.

    You can see these trends in the macroeconomic data. The share of the economy’s output that flows to corporate profits has almost doubled since the mid-1970s, while the share flowing to workers’ compensation has fallen. Or consider this chart:
     

    Data is adjusted for inflation; 1947 numbers are set to one. | Sources: Refinitiv; U.S. Census Bureau; Bureau of Labor Statistics


    As you can see, stock prices and family incomes tracked each other somewhat closely in the decades after World War II — but no longer do.
    The Times has just published a story that examines the latest manifestation of companies having the upper hand on workers. The story, by Jodi Kantor and Arya Sundaram, is called “The Rise of the Worker Productivity Score,” and it’s the result of a monthslong investigation. It describes technology-based employee monitoring that often has a Big Brother quality, tracking workers’ keystrokes and more.

    Jodi and Arya write:

    In lower-paying jobs, the monitoring is already ubiquitous: not just at Amazon, where the second-by-second measurements became notorious, but also for Kroger cashiers, UPS drivers and millions of others.

    Now digital productivity monitoring is also spreading among white-collar jobs and roles that require graduate degrees. Many employees, whether working remotely or in person, are subject to trackers, scores, “idle” buttons, or just quiet, constantly accumulating records.

    Employees at UnitedHealth Group can lose out on raises or bonuses if they have low keyboard activity. Some radiologists have scoreboards on their computer screens that compare their “inactivity” time with that of colleagues. In New York, the transit system has told some employees that they can work remotely one day a week if they agree to full-time monitoring.
    Work from home

    The trend began before the pandemic, and the rise of at-home white-collar work over the past two years has intensified it. “If we’re going to give up on bringing people back to the office, we’re not going to give up on managing productivity,” said Paul Wartenberg, who installs monitoring systems for companies.

    But even many in-person jobs now include productivity tabulations. One section of Jodi and Arya’s story describes the frustration of hospice chaplains who receive “productivity points” based partly on how many terminally ill patients they saw in a day.

    “This is going to sound terrible,” one chaplain said, “but every now and again I would do what I thought of as ‘spiritual care drive-bys’” to rack up points. If a patient was sleeping, “I could just talk to the nurse and say, ‘Are there any concerns?’ It counted as a visit because I laid eyes.”
    Trying to get the most out of workers is nothing new. And some form of accountability is crucial to an organization’s success. But minute-to-minute tracking of employee behavior, often using crude metrics, is a more aggressive form of accountability than has been historically normal.

    “This is such an intimate form of control, which is part of why it took months of reporting to see,” Jodi told me. “To be clear, some workers really are derelict. But for many others, this is about what happens when you need to grab 10 minutes to clear your head, or deal with a kid interruption, or take a couple of extra minutes in the bathroom.”

    In some cases, the monitoring systems may backfire, and the story documents how they can be inaccurate. Often, though, they can also contain accurate information about how an employee is performing from one minute to the next. And in doing so, they will further tilt the balance of workplace power away from workers and toward employers.

    The growing mismatch also helps explain another trend: the increasing interest in labor unions among some workers, after decades of decline. Companies, not surprisingly, are pushing back.

    For more: If you read the full story, you will get a sense for what it feels like to be tracked, thanks to a design by my colleagues Aliza Aufrichtig and Rumsey Taylor.


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  • mickeyratmickeyrat Posts: 25,790
    mrussel1 said:
    mickeyrat said:
    mrussel1 said:
    mrussel1 said:
    Crude Oil is down to $87 and Brent Crude is $93.  We should see continuing falling gas prices heading into the fall election campaign.  Things should tighten up.  
    They never fall as fast as they go up though...
    That's for shizzle. 

    $3.07.......
    That's your 87 in Columbus?  

    yes, at costco. mid 3 and lower throughout Columbus.
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