#Corporate/Industrial News

[mysharona1987]

[settlercolonialismisbad]

something something eaten by the monster they created

[s-0236-salix]

When I worked as a QA scientist in a dog food factory, corporate always bragged about how we were "zero-waste". This conflicted with the fact that our lab generated waste - used gloves, used kimwipes, old glass tubes, etc. So, I figured "zero waste" applied to the manufacturing floor, not to the labs or offices. Fair enough, I suppose. That would be a high standard.

But the floor-side of the QA team kept talking about scrapped pallets. 2000 to 4000 lb pallets, often ten to twenty at a time, were being scrapped because of production issues. Okay, I thought. Maybe the cans get squished and all the dog food is rinsed out, then they go to recycling.

Nope. Turns out "zero waste" meant "zero waste *in our state*". All the scrapped product, literal semi trailers full of it, each week, was sent to a neighbor state to be thrown away *over there* instead. As if it didn't exist, then. The cab of the truck would then pick up a new trailer of scrap from the other factory and bring it back home to throw away. Fuck corporate America.

[bharatbriefs]

Big Tech Braces for Wave of Antitrust Rulings in 2024 

U.S. antitrust cases against tech giants Google and Meta Platforms are expected to come to a head in 2024, likely producing long-awaited rulings that could shape the legacies of top Biden administration regulators. Silicon Valley and its critics have seen their patience tested on some of these cases. A U.S. antitrust case brought against Alphabet’s Google unit in 2020 went to trial in 2023 and…

[ishtiaqbappy31]

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[reportwire]

Silicon Valley Bank depositors will get 'all of their money,' regulators say

U.S. financial regulators on Sunday said Silicon Valley Bank customers would have access to all their money on Monday, days after the bank failed. Announcing new steps, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation said their moves would “ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to…

[khaled-red-blog]

The $385,000 Netflix Private Jet Flight Attendant: 'Where Can I Apply?'

wanted one Netflix Inc. nflx -3.23% flight attendant to work on the company’s private jet. Requested Salary: Up to $385,000. in a reduction time At many major tech companies, Netflix sent the internet buzzing this week with what some described as an unusual job offer. The streaming company wants a trained flight attendant to be in charge of the trips on its super-midsize jet, according to the…

[aroaessidhe]

2024 reads / storygraph

Outdrawn

f/f contemporary romance

two cartoonist who’ve been rivals since uni, and now have competing webcomics online, have to work together on the relaunch of a cult classic at the comic press they both work at

they both struggle with art-related physical and mental health issues, and complicated families

[shinobicyrus]

Hey, yanno how Climate Change is a real thing that is tangibly, at this moment, affecting our world?

Well it turns out, the wealthy and their investment firms have been seeing the mounting evidence that oil companies have had for decades and are slowly starting to think more long-term about their portfolios in the face of rising sea levels, more extreme weather, and the myriad of ways climate crises are affecting...well. Everything. Maybe this means they invest more into sustainability, green energy, building more resilient infrastructure, or carbon offsets. Some of it, of course, is simple corporate greenwashing, but there are those that are taking this trend and packaging it into something called ESG (Environmental, Social, and corporate Governance).

Now some people would say this is predictable, even sensible. Just the good ol’ Free Market(tm) rationally responding to market forces and a changing world.

But those people would be fools! Insidious fools! For conservative sorcerers have come out with a new cursed phrase to explain this new market trend: Woke Investing.

What makes this investing “woke?” Well, much like how conservatives normally flounder when trying to define a word they stole from black people, “Woke Investing” essentially just means any kind of capital investment that they, the fossil fuel billionaire class and their sycophants, don’t personally profit from.

One of these aforementioned sycophants is Andy Puzder, conservative commentator, fellow at The Heritage Foundation, and former fast-food CEO. He calls this kind of so-called woke investing “socialism in sheep’s clothing,” further explaining in leaked audio of a closed-door meeting:

“My father's generation's challenge was the Nazis, who, by the way, were, of course, very proud socialists[citation fucking needed]. The challenge of my generation was the communists, who were, of course, very committed socialists. The challenge of your generation is ESG investing, and it's more insidious than communism or the Nazis.”(source)

You heard it here first, folks. Not investing as much in fossil fuels is more insidious than the Third Fucking Reich.

As usual, the Heritage Foundation is putting their petro-chemical donor’s money where their mouth is. Bills are being proposed to blacklist banks that don’t invest in key state industries, such as West Virginia coal or Texas oil. Fourteen states have already passed bills to restrict ESG-type investing, with Florida Governor Ron “Bullies Kids for Wearing Masks” Desantis leading the charge.

In other words, Climate Denial has reached such a point that so-called Free Market Conservatives who claim to hate big government are trying to make it illegal for banks, investment firms, and financial institutions to make any financial decisions that acknowledges Climate Change is real.

[benjaminallhope-fulltimemind]

This isn't surprising not one bit, Texas has archaic abortion laws and will real what they've showed much to suffering and death of many women. This will obviously affect the health sector in Texas and strain health services for women who may need to leave the state to receive medical treatment or even a simple gynecology exam. Republicans never cared about women nor the fetus as it was always about control, this patriarchy 101 and anyone with a working brain and empathy can understand that. Men never have to fear having our bodily autonomy from being taken away, well until Republicans start mandating men and women breed resulting in the LGBTQIA+ community being seen as 'unproductive' but hey that's later on the Republican agenda. For now we can still fix this mess, we will not and must not settle for anything less than abortion being enshrined in our constitution.

[itsybitsybatsyspider]

Deleted Adobe Photoshop (which bums me out because i felt like i was really getting the hang of it. Booo to their new terms of service) and downloaded Clip Studio Paint instead!

Probably gonna try out some sketches tomorrow to get comfortable using it!

back at it again with the new drawing platform learning curve. yyyyaayyyy

[umbane]

the more I listen to paranoia, the more disappointed I am tbh

[reasonsforhope]

“The Justice Department and a group of eight states sued Google on Tuesday, accusing it of illegally abusing a monopoly over the technology that powers online advertising, in the agency’s first antitrust lawsuit against a tech giant under President Biden and an escalation in legal pressure on one of the world’s biggest internet companies.

The lawsuit said Google had “corrupted legitimate competition in the ad tech industry by engaging in a systematic campaign to seize control of the wide swath of high-tech tools used by publishers, advertisers and brokers to facilitate digital advertising.”

The lawsuit asked U.S. District Court for the Eastern District of Virginia to force Google to sell much of its suite of ad technology products, which include software for buying and selling ads, a marketplace to complete the transactions and a service for showcasing the ads across the internet. The lawsuit also asked the court to stop the company from engaging in allegedly anticompetitive practices...

The new lawsuit “adds another important complication to Google’s efforts to deal with regulators worldwide,” said William Kovacic, a former chairman of the Federal Trade Commission. “There’s a chance one or more of these challenges is going to make its way through and hit the target...”

Attorney General Merrick B. Garland said monopolies “threaten the free and fair markets upon which our economy is based.” He added, “We will aggressively protect consumers, safeguard competition and work to ensure economic fairness and opportunity for all.”

The Biden administration is trying to use uncommon legal theories to clip the wings of some of America’s largest businesses. The F.T.C. recently asked a judge to block Meta from buying a virtual-reality start-up, a rare case that argues a deal could harm potential competition in a nascent market. The agency has also challenged Microsoft’s $69 billion purchase of the video game publisher Activision Blizzard, a notable action because the two companies are not primarily seen as direct competitors.

These efforts are expected to meet fierce resistance in federal courts. Judges have for decades subscribed to a view that antitrust violations should mostly be determined by whether they increase prices for consumers. But Jonathan Kanter, the chief of the Justice Department’s antitrust division, and Lina Khan, the F.T.C. chair, have said they are willing to lose cases that allow them to stretch the boundaries of the law and that put corporate America on notice.”

-via The New York Times, 1/24/23

[reportwire]

Silicon Valley Bank branches closed by regulator in biggest bank failure since Washington Mutual

Silicon Valley Bank has been closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) has been appointed receiver, becoming the first FDIC-backed institution to fail this year. The news comes amid a crisis at parent SVB Financial Group SIVB, -60.41%, which lost a record 60% of its value on Thursday, after it disclosed large…

[canlynews]

Texas Instruments Names Haviv Ilan as New Chief Executive

The 24-year company veteran will take the top role at the chip maker. Source link