Tag: Profiteering

Australia

Future Fund profits from bombing of Gaza thanks to Elbit investment – Michael West

Elbit Systems

What’s the scam with war profiteering, with the Future Fund investing in Israeli defence contractor Elbit Systems? The scam is they are making a killing, literally.

Elbit Systems’ share price has gone up. The Future Fund has made a profit on its investment in Elbit Systems. Elbit supplies the IDF with bombs to kill civilians in Gaza. Death toll is now more than 20,000, almost half of which are children. The beneficiaries of the Future Fund are retired and existing politicians and public servants. Ergo they are benefitting from war crimes.

Source: Future Fund profits from bombing of Gaza thanks to Elbit investment – Michael West

Oil & Gas

Gas windfall ‘war profits’ surge to $40b – Michael West

As a consequence, the Australian Government now doesn’t want to tax them.

Australia’s gas giants are “profiteering” from the war in Ukraine, according to the independent Australia Institute.

Source: Gas windfall ‘war profits’ surge to $40b – Michael West

ALP Government,

Wages not fuelling inflation, Burke says – Michael West

Employment Minister Tony Burke does not believe wages growth is about to further fuel inflation, saying pay rates have suffered a decade of stagnation.

Source: Wages not fuelling inflation, Burke says – Michael West

Informed Comment

No, Rising Prices Are Not Being Driven by Rising Wages

It’s not rising workers’ wages that are causing spiraling inflation — it’s corporate profiteering.

Source: No, Rising Prices Are Not Being Driven by Rising Wages

Fight against Fake News, Fighting Fake News

Old Dog Thought- Chris Kenny likened Asylum seeker detention on Nauru to the luxury of a holiday resort

Fighting Fake News with RAEL, 19/6/22; Sky News and the ABC; Profiteering not Wages; Energy Bills;

LNP, LNP Government

The problem with employment services: providers profit more than job seekers

The problem with the system is that it premised on competition, not collaboration. This model of employment services, delivered by outsourced providers, seems to have mostly benefited the providers.

Source: The problem with employment services: providers profit more than job seekers

Unemployment

Jobactive fails jobless while privatised job agencies revel in a record pandemic profit boom – Michael West

Job active illustration

Large job agencies who dominate Australia’s privatised employment system are enjoying a boom of record profits, and even a takeover spree, while their disillusioned job seekers complain of churning and profiteering. Meanwhile, those in government on both sides of the political aisle are calling for reform. In this special investigation, Stephanie Tran reports on the failure of Jobactive.

Source: Jobactive fails jobless while privatised job agencies revel in a record pandemic profit boom – Michael West

Media, media distortion

How Democrats successfully silenced Republican opposition to Biden’s COVID relief bill | Salon.com
main article image

If you consumed exclusively right-wing media this week — which is normal in red state America — you’d get the impression that the Amerian Rescue Plan is a minor bill, and that the biggest problem facing this country is the onslaught of “woke” people that are stepping on the god-given right of every red-blooded white American to be shielded from criticism for saying racist and sexist things.

How Democrats successfully silenced Republican opposition to Biden’s COVID relief bill | Salon.com
Informed Comment, Uncategorized

Profiteering off the Pandemic | The Smirking Chimp

via Profiteering off the Pandemic | The Smirking Chimp

Informed Comment, Uncategorized

The Virus That’s Really Killing Americans? Greed and Corporate Profiteering

via The Virus That’s Really Killing Americans? Greed and Corporate Profiteering

Capitalism

Martin Shkreli on his “altruistic” motives: “I’m a capitalist — I want to create a big drug company” – Salon.com

“There’re a lot of altruistic properties” to raising cost of treating toxoplasmosis from $1,350 to $63,000, he said VIDEO

Source: Martin Shkreli on his “altruistic” motives: “I’m a capitalist — I want to create a big drug company” – Salon.com