the Constant.

Some points of interest:

Corporate profits are soaring. After taxes, they now take 12.3 percent of national output, far above their postwar average of 7.3 percent.

Adjusted for inflation, hourly wages have risen 3 percent since the end of 2019, Ip noted. Corporate profits over the same period have risen 50 percent.

The Economic Policy Institute calculates that since 1979 the productivity of American workers has grown 90 percent while the pay of the typical worker has grown 33 percent. Had wages tracked output, the average worker would earn $16.40 more an hour today.

The profits are concentrated among the largest corporations. Earnings at the 500 biggest US firms rose 28 percent in the first quarter from a year earlier, the fastest pace since 2021, and their profit margins reached 14.8 percent. The seven technology giants known as the “Magnificent 7”—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla—grew their profits 63 percent.

her family’s gofundme!!

“I had time to run home and pack a bag and get to the beach where the boats were waiting,” said a member of Namaygoosisagagun First Nation (Collins). “We literally had minutes to get on the boats and flee before it took our town. “Once we left my house finally after packing what I could in a pack sack, the fire was right behind our place. We had to run to the beach and once we got there, it was only moments before the fire had jumped over the (train) track and was coming for us.”

it has since been confirmed that namaygoosisagagun first nation has completely burnt to the ground. if you would like to help the community navigate an ongoing crisis, i urge you to donate to the anishinabek nation 7th generation, a registered charity seeking to improve the lives of first nations people. donations are going directly to members of namaygoosisagagun first nation.

Their page on CanadaHelps / CanaDon: