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    Democrats announce plans to ‘go after’ big oil in effort to bring down prices

    Democrats announce plans to ‘go after’ big oil in effort to bring down pricesNancy Pelosi says oil companies ‘hoarding the windfall while keeping prices high at the pump’ amid concerns over US inflation The Biden administration is to propose legislation that would allow US federal and state agencies to “go after” oil companies on wholesale and retail sales practices, lambasting the industry over price gouging and profiteering.As American voters express increasing concerns about the high prices of a wide range of consumer goods, including energy and food, Senate majority leader Chuck Schumer said passing legislation to bring down retail gasoline prices “is at the very top of our list”.‘We’re not attacking Russia,’ Biden says as he asks for $33bn in Ukraine aid – liveRead moreNeither Schumer nor House speaker Nancy Pelosi would say when such legislation will be voted upon, or how much money it could end up saving consumers if enacted into law.“Big oil has profiteered and exploited the marketplace,” Pelosi told reporters, noting companies’ strong corporate profits over the past year. “They are hoarding the windfall while keeping prices high at the pump,” she added.The move comes as gas prices have surged in the wake of Russia’s invasion of Ukraine. Despite recent falls, the average price of a gallon of gas is now over $4 in the US, up from $2.88 a year ago, according to the American Automobile Association.Oil companies have enjoyed record profits as prices have soared. Exxon, the largest US oil company, is expected to report record earnings on Friday and rival Chevron recently reported “the best two quarters the company has ever seen”.Pelosi said the White House had discussed a “holiday” for Federal gas taxes but said that there was no evidence that oil companies would pass those savings on to consumers.Oil companies are not alone in reporting huge surges in profits even as consumers face higher bills thanks to soaring inflation. An analysis of 100 leading US companies found their net profits had risen by a median of 49%, and in one case by as much as 111,000%. The increases came even as prices rose and average wage increases were eroded by rising inflation.Reuters contributed to this storyTopicsOil and gas companiesUS politicsBiden administrationInflationEconomicsEnergy industrynewsReuse this content More

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    Convergent Conversation – In fact VR is Possible, Bill!

    The Fair Observer website uses digital cookies so it can collect statistics on how many visitors come to the site, what content is viewed and for how long, and the general location of the computer network of the visitor. These statistics are collected and processed using the Google Analytics service. Fair Observer uses these aggregate statistics from website visits to help improve the content of the website and to provide regular reports to our current and future donors and funding organizations. The type of digital cookie information collected during your visit and any derived data cannot be used or combined with other information to personally identify you. Fair Observer does not use personal data collected from its website for advertising purposes or to market to you.As a convenience to you, Fair Observer provides buttons that link to popular social media sites, called social sharing buttons, to help you share Fair Observer content and your comments and opinions about it on these social media sites. These social sharing buttons are provided by and are part of these social media sites. They may collect and use personal data as described in their respective policies. Fair Observer does not receive personal data from your use of these social sharing buttons. It is not necessary that you use these buttons to read Fair Observer content or to share on social media. More

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    DC Deconstructed: The View from the Carriage House

    The Fair Observer website uses digital cookies so it can collect statistics on how many visitors come to the site, what content is viewed and for how long, and the general location of the computer network of the visitor. These statistics are collected and processed using the Google Analytics service. Fair Observer uses these aggregate statistics from website visits to help improve the content of the website and to provide regular reports to our current and future donors and funding organizations. The type of digital cookie information collected during your visit and any derived data cannot be used or combined with other information to personally identify you. Fair Observer does not use personal data collected from its website for advertising purposes or to market to you.As a convenience to you, Fair Observer provides buttons that link to popular social media sites, called social sharing buttons, to help you share Fair Observer content and your comments and opinions about it on these social media sites. These social sharing buttons are provided by and are part of these social media sites. They may collect and use personal data as described in their respective policies. Fair Observer does not receive personal data from your use of these social sharing buttons. It is not necessary that you use these buttons to read Fair Observer content or to share on social media. More

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    The Unholy Alliance Between the US Security Apparatus and Big Tech

    The Fair Observer website uses digital cookies so it can collect statistics on how many visitors come to the site, what content is viewed and for how long, and the general location of the computer network of the visitor. These statistics are collected and processed using the Google Analytics service. Fair Observer uses these aggregate statistics from website visits to help improve the content of the website and to provide regular reports to our current and future donors and funding organizations. The type of digital cookie information collected during your visit and any derived data cannot be used or combined with other information to personally identify you. Fair Observer does not use personal data collected from its website for advertising purposes or to market to you.As a convenience to you, Fair Observer provides buttons that link to popular social media sites, called social sharing buttons, to help you share Fair Observer content and your comments and opinions about it on these social media sites. These social sharing buttons are provided by and are part of these social media sites. They may collect and use personal data as described in their respective policies. Fair Observer does not receive personal data from your use of these social sharing buttons. It is not necessary that you use these buttons to read Fair Observer content or to share on social media. More

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    Biden: Republicans’ Disney law shows ‘far right has taken over party’

    Biden: Republicans’ Disney law shows ‘far right has taken over party’Florida strips company of self-governing power for opposing Governor Ron DeSantis’s ‘don’t say gay’ law For Joe Biden, the vote by Florida Republicans on Thursday to strip Disney of its self-governing powers was a step too far.“Christ, they’re going after Mickey Mouse,” the president exclaimed at a fundraiser in Oregon, in apparent disbelief that state governor Ron DeSantis’s culture wars had reached the gates of the Magic Kingdom.The move, Biden asserted, reflected his belief that the “far right has taken over the party”.By voting to penalize Florida’s largest private employer, lawmakers followed DeSantis’s wishes in securing revenge on a company he brands as “woke” for its opposition to his “don’t say gay” law.DeSantis is a likely candidate for the Republican presidential nomination in 2024. He has pushed his legislature on several rightwing laws in recent weeks, including a 15-week abortion ban, stripping Black voters of congressional representation and preventing discussion of sexual orientation and gender identity issues in schools.On Friday, the governor signed the anti-Disney law as well as a measure banning critical race theory in schools and the controversial new electoral map. Voting rights groups including the League of Women Voters of Florida, the Black Voters Matter Capacity Building Institute and the Equal Ground Education Fund filed suit against the new electoral map, in state court in Tallahassee.“This is not your father’s Republican party,” Biden said at the fundraiser in Oregon.“It’s not even conservative in a traditional sense of conservatism. It’s mean, it’s ugly. Look at what’s happening in Florida: Christ, they’re going after Mickey Mouse.”Analysts are still grappling with the likely effects of the Disney law, which will disband an entity officially known as the Reedy Creek improvement district.The body, which was approved by Florida legislators in 1967, gives Disney autonomous powers, including generating its own tax revenue and self-governance as it built its hugely popular theme parks.Ending the 55-year agreement, Democrats says, will leave local residents on the hook for the functions Reedy Creek was responsible for paying for, including police and fire services, and road construction and maintenance.The state senator Gary Farmer, a vocal opponent of DeSantis, said families in Orange and Osceola counties that straddle the 25,000-acre Disney World resort could each face property tax raises of $2,200 annually to cover the shortfall. His claim is so far unsubstantiated.Republicans have been unable to point to any financial advantage to the state, and appear to be relying instead on the political argument that the concept of the “special taxing district” was outdated and in need of reform.“Aside from maybe taking away the company’s ability to build a nuclear plant, we have yet to hear how this benefits Florida, and especially the local residents in any way,” Nick Papantonis, a reporter who covers Disney for Orlando’s WFTV, said in a Twitter analysis.“The residents, by the way, had no say in this vote, no say in their property taxes going through the roof, and no desire to have their communities staring at financial ruin.”If in practice DeSantis’s goal is to punish Disney, some say the move could backfire, at least financially. Reedy Creek’s abolition on 1 June next year would give it an immediate tax break. The $163m it taxes itself annually to pay for service and pay off debt becomes the responsibility of the county taxpayers.“The moment that Reedy Creek doesn’t exist is the moment that those taxes don’t exist,” the Orange county tax collector Scott Randolph, a Democrat, told WFTV. “[And] Orange county can’t just slap a new taxing district on to that area and recoup the money that was lost.”Most of Disney’s estimated 77,000 cast members, as its workers are known, live in those two counties, so would effectively end up paying their employer’s taxes as well as their own, critics say.Disney has remained silent, its most recent comment on the entire affair being the hard-hitting statement that upset DeSantis in the first place. The company, which has a notably diverse cast, promised to work to overturn the “don’t say gay” law, and added it was halting all political donations.Disney contributed almost $1m to the Republican party of Florida in 2020, and $50,000 directly to DeSantis, records show.Whatever it decides to do, Disney has options. In a probably tongue-in-cheek offer, the Colorado governor, Jared Polis, is offering “asylum” to Mickey Mouse in his state. But he was critical of DeSantis’s stance.“Florida’s authoritarian socialist attacks on the private sector are driving businesses away. In CO, we don’t meddle in affairs of companies like Disney or Twitter. Hey @Disney we’re ready for Mountain Disneyland,” he said in a tweet.Legal challenges are expected once DeSantis signs the Reedy Creek abolition into law, and Republicans point out they could revisit the issue next year before it takes effect.Democrats are dismissive: “Let’s call this what it is, it’s the punitive, petulant political payback to a corporation who dared to say the emperor has no clothes, but if they behave this way next election cycle, maybe we’ll put it back together,” Farmer, the state senator, said.Some political analysts, meanwhile, believe DeSantis is walking a tightrope.“The base is demanding of the Republican party these culture war elements, at least that’s what these politicians are thinking, so they’re using these attacks on ‘woke’ corporations as a way of energizing their base so they can win in 2022 and 2024,” Charles Zelden, professor of humanities and politics at Nova Southeastern University and a longtime Florida Disney watcher, told the Guardian.“The downside is it’s bringing them into conflict with corporations they had a very comfortable relationship with for a lot of years, who have donated a lot of money to their campaigns.”TopicsFloridaRon DeSantisRepublicansJoe BidenLGBT rightsUS politicsThe far rightnewsReuse this content More

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    Wave of union victories suggests union-busting consultants may have lost their sway

    Wave of union victories suggests union-busting consultants may have lost their swayChallenging anti-union rhetoric and pro-union attitudes of younger workers are undermining highly paid consultants The nation’s anti-union consultants and lawyers – who have made millions of dollars fighting against union drives – have just been through some of their worst weeks ever as unions racked up wins at Amazon, Starbucks, REI, the New York Times, MIT and other places.These consultants and lawyers – often called “union busters” – have done so poorly that John Logan, a professor who has studied “union avoidance” efforts for two decades, says their anti-union kryptonite seems to have suddenly lost much of its power. “For decades, the consultants have seemed almost invincible. Many firms have boasted victory rates of over 95%,” said Logan, a professor at San Francisco State. But in Staten Island, “the Amazon Labor Union turned the tables on the company’s anti-union consultants” and showed they may have been “more of a liability than an asset”.Logan said anti-union consultants are often no longer as effective because workers and their attitudes have changed: workers, especially younger workers, are braver about speaking out, they’re using social media to outmaneuver the consultants, and they’re embracing highly effective strategies, like worker-to-worker organizing and interrupting so-called captive audience meetings, where consultants discuss the supposed evils of unions. Logan said workers often used to be far more scared to stand up to anti-union consultants, and one reason workers are less frightened is that the low jobless rate makes it easier for workers to find another job if they get fired for supporting a union.“They survived the pandemic, and they’re no longer so fearful,” Logan said. “The pandemic was such a frightening experience that workers have recalibrated their sense of risk about what they’re prepared to do in their lives. They’re more prepared to join a union campaign. They feel they’ve repeatedly been disrespected while their employers were making billions of dollars.”Logan was impressed that workers interrupted several of Amazon’s captive audience meetings. “The fact that they had the courage to do that helps show that something has fundamentally changed,” he said. “The mechanism of the captive audience meeting is much less successful if someone gets up and challenges what they’re saying. It all crumbles away.”Angelika Maldonado, a 27-year-old packer at Amazon’s Staten Island warehouse, was one of the workers who interrupted a captive audience meeting. She and other workers challenged Amazon’s assertion that workers might see their wages cut if they unionize. She also sought to rebut one of Amazon’s main arguments. “They put out all this propaganda that we were a third party,” Maldonado said. “Once we gained the trust of workers, they would see we are not a third-party union.” Rather, she explained, we are Amazon workers like them who created a union.Some Staten Island worker-organizers outed the anti-union consultants who walked the warehouse floor, urging workers to vote against unionizing. Workers sought to learn their names, and once they did, they tweeted out the consultant’s name and photo and urged workers not to talk to them. They further undermined the consultants’ effectiveness by highlighting that some of them earned $3,200 a day.Maldonado said: “We did some calculations and showed that instead of paying these union busters all this money, Amazon could have given everyone in the building a raise.”Wilma Liebman, chair of the National Labor Relations Board during president Obama’s first term, said anti-union consultants have grown less effective because they haven’t kept up with the changing workforce. “It’s hard to imagine how any of these union busters succeed. Almost all are old white guys,” she said. “They seek to demonstrate control with some intimidation factor. Whether these workers are white, African American or something else, it’s still a culture clash. It’s hard to imagine that the message of these consultants has much resonance.”Liebman added: “One way the consultants seem to be as effective as ever is in convincing employers to buy their services.” Some anti-union lawyers charge more than $1,200 an hour.A longtime management-side labor lawyer in Washington, who insisted on anonymity, said the recent string of union victories doesn’t mean that anti-union lawyers and consultants have become less effective. “More has been made of this than it should be,” he said. “I think it’s very situational.” He noted that unionization drives lost recently at a Hershey’s factory in Virginia and at HelloFresh food-packing facilities. (At those places, the workers didn’t challenge the anti-union consultants nearly as much as they did at Amazon or Starbucks.)The lawyer acknowledged that young workers are “challenging authority” more than their parents’ generation. “I think workers are more skeptical of what people say. They’re more willing to challenge, perhaps, than they were in the past.”A second lawyer, a partner at one of the nation’s leading anti-union law firms, also insisting on anonymity, said that workers’ smart use of social media has undercut union avoidance efforts. “The internet and social media have made employees much more savvy,” he said. “They’ve able to communicate better with each other and see different sources of information. I think social media has changed – and maybe leveled – the playing field.”Rebecca Givan, a professor of labor studies at Rutgers, said: “Young workers are more excited to speak up and counteract them, by, for instance, talking up in a captive audience meeting, challenging the supposed facts in a presentation. These are really new things.”Young workers are too young to remember Ronald Reagan’s busting the air-traffic controllers union. Many have been emboldened by Bernie Sanders and by the Black Lives Matter and #MeToo movements. Many young workers feel angry and squeezed by large student debt loads and soaring rents.Givan said social media has helped inoculate workers against anti-union consultants: “When workers are rapidly able to share anti-union talking points and see that they use the same arguments at different companies and workplaces, that it’s all cookie cutter, all from the same playbook, it shows how tired their tactics and rhetoric are.”Richard Bensinger, an organizer with Workers United who helped lead the Starbucks’ unionization campaign, said new technologies have helped overcome the union-avoidance consultants. “I don’t think we could have done this without Zoom and virtual meetings and partners talking to partners,” he said. (Partners is the term Starbucks uses to describe its workers.) Thus far, workers have voted in favor of unionizing at 18 of the 19 Starbucks where votes have been counted, and workers at more than 200 Starbucks have petitioned for unionization elections.“As far as inoculation, we get Samantha from the New York Roastery, which just voted to unionize, to speak to people at the Starbucks in Austin, Texas, telling them what to expect from the anti-union folks,” Bensinger said.Some Amazon and Starbucks workers have used TikTok to get out their pro-union message and WhatsApp and Telegram to spread the word and answer workers’ questions.Bensinger said the anti-union consultants and lawyers are still plenty effective, but often fall short. He noted that at one Buffalo Starbucks, 100% of the workers signed pro-union cards, but the union won there just 15 to 9. He said the solidarity and activism of the young workers was key to defeating the anti-union lawyers and consultants.“Young workers will only take so much,” he said. “A worker in Montana told me, ‘I’m making just $11 an hour and making Howard Schultz rich.’ Unions today are their big hope.”TopicsUS unionsAmazonStarbucksUS politicsfeaturesReuse this content More

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    US inflation climbed to 8.5% in March, highest rate since 1981

    US inflation climbed to 8.5% in March, highest rate since 1981War in Ukraine drives up energy costs as figures strengthen expectations Federal Reserve will raise interest rates next month Prices in the US climbed at their highest rates since 1981, rising 8.5% over the year to the end of March as the war in Ukraine drove up energy costs for Americans, the labor department announced on Tuesday.The latest Consumer Price Index (CPI) – which measures the prices of a basket of goods and services – comes after the index rose by 7.9% in the year through February, the fastest pace of annual inflation in 40 years.Driven up by continuing supply chain problems, soaring demand and rising energy prices, inflation is now at levels unseen in the US since Ronald Reagan took the White House from Jimmy Carter.Biden heads to Iowa to unveil plan to reduce gas prices as inflation soars – liveRead moreThe price increases are broad – with the cost of rent, gas and food causing particular hardship for lower income Americans and represent a major blow to the Biden administration, already facing tough odds of retaining control of Congress in November’s midterm elections.Soaring gas prices were the main driver of the rise. The gasoline index rose 18.3% in March and accounted for over half of all the items’ monthly increase. Gas prices have begun to fall, in a sign that some economists have argued may suggest inflation has reached its peak.The food index rose 1% in March compared with February, and is up 8.8% compared with the prior 12 months. Canned fruit and vegetable prices rose 3.8% from February to March, rice prices rose 3.2%, potatoes 3.2% and ground beef 2.1%.Andrew Hunter, senior US economist at Capital Economics, said energy prices would come down in the months ahead and there were signs that price pressures appear to be moderating.But, he added, the figures were likely to strengthen the Federal Reserve’s plan to increase interest rates as it struggles to tamp down inflation.“With Fed officials sounding more hawkish by the day, the March data won’t change their plans to up the pace of rate-hikes to 50 basis points per meeting from next month. Even so, it does support our view that, having been slow to realize that the initial surge wasn’t transitory, Fed officials are now being a bit too pessimistic about how quickly inflation will drop back,” he wrote in a note to investors.The White House warned ahead of the report it was expecting a bad set of figures. On Monday White House press secretary Jen Psaki told reporters that the labor department’s previous report had not included the majority of the jump in oil and gas costs caused by the Kremlin’s invasion of Ukraine.“We expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike,” Psaki said.There are two versions of the CPI, one that includes all the prices consumers face and another – core CPI – which excludes food and energy prices, which tend to be more volatile. Core prices climbed 6.5% in the year through March, up from 6.4% in the year through February.The core index did suggest the pace of inflation was slowing, rising 0.3% from February, compared with 0.5% the prior month.Psaki said the administration expected a wide disparity between the two measures because of the soaring price of gas. Nationally the average price of a gallon of gas is now $4.11, compared with $2.86 a year ago, according to AAA.“At times, gas prices were more than one dollar above pre-invasion levels, so that roughly 25% increase in gas prices will drive tomorrow’s inflation reading,” Psaki said.Joe Biden addressed the latest inflation figures at a speech in Des Moines, Iowa, where he announced plans to use more ethanol in US fuel during the summer in an attempt to tackle high gas prices. “I am doing everything in within my executive power to bring down the Putin price hike,” he said. TopicsUS economyInflationEconomicsUS politicsnewsReuse this content More