They spent capital convincing us that Starbucks cared about the community. More, they cared about people. They opened their doors to homeless folks. Come in and rest. Be safe, comfortable, warm, dry, cool. Charge your phones here! Use our restrooms! We care! They put out announcements telling us that they want people to come and stay, make it a place to meet, a place to be. And we believed them. We did.
As did the homeless. I’d see them trickle in each day, a regular group I came to know by name. I learned their preferred seating locations, treated them to food and/or drink from time to time, said hello, chatted about the hot dry days, the freezing fog, the traffic, dogs, etc. Chatted about life.
Then Starbucks swiveled. That campaign wasn’t reaping the benefits they’d hoped to get. Within days, the restroom doors were locked and coded. Had to ask for the number at the counter. The homeless were politely shooed out, police called if they resisted.
Then, though, oh, look at the numbers. Starbucks decided they needed to close the place they’d encouraged us to make a home away from home, a community center for everyone and anyone. It just wasn’t making enough money.
It feels like it’s a betrayal. It’s not. Just business as usual. And that’s the thing about corporations. It’s all about making money. Profits and losses.
It’s not about humanity. That’s just strategy. Don’t let them fool you into thinking otherwise.
Corporate profits fall $118.1 billion in first quarter
Economy contracts at 0.2% rate in Q1 by all measures
WASHINGTON, May 29 (Reuters) – The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up in May, suggesting layoffs were rising as tariffs cloud the economic outlook.
The report from the Labor Department on Thursday showed a surge in applications in Michigan last week, the nation’s motor vehicle assembly hub. The number of people collecting unemployment checks in mid-May was the largest in 3-1/2 years.
The dimming economic outlook was reinforced by other data showing corporate profits declining by the most in more than four years in the first quarter, pulled down by nonfinancial domestic industries.
A U.S. trade court on Wednesday blocked most of President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday, adding another layer of uncertainty over the economy.
“This is a sign that cracks are starting to form in the economy and that the outlook is deteriorating,” said Christopher Rupkey, chief economist at FWDBONDS. “There is nothing great about today’s jobless claims data and the jump in layoffs may be a harbinger of worse things to come.”
Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 240,000 for the week ended May 24, the Labor Department said. Economists polled by Reuters had forecast 230,000 claims for the latest week.
They said Trump’s aggressive trade policy was making it harder for businesses to plan ahead, a sentiment echoed by a Conference Board survey on Thursday, which showed confidence among chief executive officers plummeting in the second quarter.
Meanwhile, as the economy begins to show the cracks all of us expected with TACO’s economic policies, Paul Krugman adds insights into how TACO’s malicious stoppering of foreign students at US colleges and universities will impact the economy.
My wife and I are co-authors of a widely used textbook on the principles of economics, which is revised on a three-year cycle. When a new edition comes out, I normally visit a number of schools that might adopt it, usually giving a big public talk, a smaller technical seminar, and spending some time with students and faculty. I enjoy it, by the way; there are a lot of good, interesting people in U.S. education, and not just in the high-prestige schools.
So it was that at one point I found myself visiting Texas Tech in Lubbock. Yes, it seemed pretty remote to someone who has spent almost his whole life in the Northeast Corridor, but as usual the overall experience was very positive. And it was also surprisingly cosmopolitan: there were students from many nations. I just checked the numbers, and currently 30 percent of Texas Tech’s graduate students are international.
So it is all across America. Our nation’s ability to attract foreigners to study here is one of our great strengths. Or maybe I should say was one of our strengths.
According to Politico, a cable from Marco Rubio, the secretary of state, has directed U.S. embassies and consulates to halt all processing of visa applications from foreigners hoping to study in the United States. This is reportedly a temporary measure in preparation for a new system in which would-be students will be screened on the basis of their social media history. And you can be sure that the criteria for denying entry will go far beyond, you know, advocating terrorism. Probably asking “Why was Trump talking to West Point grads about trophy wives?” will be grounds for rejection.
This completely insane policy move is presumably a temper tantrum in response to a court’s rejection of the administration’s attempt to prevent Harvard from admitting foreign students, which was in turn a temper tantrum in response to Harvard’s rejection of demands from Trumpists that they be allowed to dictate the university’s hiring and curriculum.
The courts will probably reject this policy move, too, but I worry that Rubio and co. can put enough sand in the gears of the visa process to bring the entry of international students to a near halt. And even if they can’t, the clear message to students that they aren’t welcome (and may be arrested once here) will have an immensely chilling effect.
It’s hard to overstate the self-destructiveness of this move, and the war on higher education in general. This is madness even in purely economic terms.
We don’t often think of education as a major U.S. export, but it is. International students typically pay full tuition and require little or no financial aid. Here’s “education-related travel,” basically international students, compared with some other major U.S. exports:
Source: Bureau of Labor Statistics
And because international students typically pay full freight, while domestic students often don’t, foreign students help support higher education financially. That’s a big deal. My sense is that most people have no idea how important higher education is as a source of jobs, many of them middle-class. Here’s a comparison of employment in “Universities, colleges and professional schools” with employment in some politically prominent sectors:
Source: Bureau of Labor Statistics
Apparently, Making America Great Again means destroying one of our most successful indust
Once again, it’s Mai 17, 2025. This time, it’s Saturda. It was a rainy night and a drenched morning in Ashlandia. Irritated me a bit. What’s new? I’m often irritated. In this instance, I’ve been cleaning the garage and had stuff outside and was out of time/energy/daylight. So I asked Alexa, “Will it rain?” They responded with comments about clouds and temperatures. My wife and I asked the machine point blank three times. Same answer each time.
Two hours later, Alexa has a notification for me: it’s going to rain soon. Like, WTF? Shoes and suitable clothes donned, I went outside to rearrange things and cover them with tarps. Yes, I was irritated.
It’s warmer and sunny now, but don’t look for too much heat in Ashlandia today. 55 F and cloudy, the high end of the scale will read 61 before it starts dropping again.
Meantime, when I went to relax with some streaming last night, Prime was no longer available. That WTF moment led to a WTF hour of testing, uninstalling, re-installing, researching, etc. Nothing fixed it, and I could not find information about a greater trend or problem among the masses. No, it seemed to be me alone. No, I could not fix it. Several background pieces: I used Roku to stream television in several rooms. Prime was received fine on those Rokus. Yes, Roku was updated. Yes, the Prime app was updated. Yes, the Internet connection was solid. No, an outage for Prime wasn’t reported. Yes, I rebooted the system. Yes, I uninstalled and reinstalled Prime. Many others have been through this fiasco in the past. Most report nothing worked but the system mysteriously and abruptly returned to normal on its own. I’ll see if that’s the case with us later today. I recognize that this is basically first world blues.
Several songs challenged for supremacy in the morning mental music stream. First, another blogger wrote about a song Connie Francis sang. That inspired The Neurons to shift another Connie Francis song, “Stupid Cupid”, from 1959, into the morning mental music stream. I was three when it came out but Mom played it regularly on her stereo, so I knew it pretty well.
Next, inexplicably, The Neurons introduced “I’m Gonna Sit Right Down and Write Myself a Letter“, a song which was released the year before Mom was born. It’s been covered by so many singers and acts. The Neurons sampled several before settling on an old favorite by Willy Nelson.
Dropping into the day’s rhythm, though, reading the news, I ended up with Teddy Swims performing “Bad Dreams”. That song was raised because of Trumpgames. PINO Trump is warning a business, Walmart’s, not to pass on the costs to consumers. “President Donald Trump warned Walmart on Saturday against raising its prices, writing on Truth Social that he will “be watching.” Because, you know, Trump knows that high prices are bad for business, but they’re worse for him because he triggered this unneeded trade war. So his solution to higher prices is to tell corporations to tell their shareholders and employees to tighten their belts for the good of Donald Trump. That’s what it comes down to. He raised the prices and he doesn’t want to face the consequences for what he’s done. As always, he wants to dodge the truth and avoid responsibility. It’s one of his standard routines. It’ll be interesting to see what happens with Walmart and their prices, given that Walmart and the Walton family, support Trump and the GOP.
Two, of course, Trump’s warning contradicts how he sold tariffs as a tax which other countries paid.
“She is a liar. She makes up crap … I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country,” Trump said.
So riddle me this, PINO Trump and MAGA: if another country pays the tariff, why is PINO Trump warning Walmart not to raise prices to cover the tariffs?
Well, we know why. It was Trump lying when he accused Vice-President Harris of lying. That is his way.
The other aspect of Trump’s recent craziness is his roll on the new “F55 fighter.” He mentioned the aircraft during talks in Qatar. As with many things Trump says, this is from another reality. No one else was aware of a proposed “F55”. Nor did anyone know about the F22 Super which Trump referenced. Yes, it’s all bad dreams when leaders skid off into surreal rants about things which don’t exist. Trump does so often. That’s why it’s rich bad dreams materials. Who know what the nutter will say next? What was pretty funny was how right-wing leaning media sources touted this as absolutely true, despite baffled defense industry experts. They either never learn, or these media sites are actively promoting lies as facts in order to support Trump. Yeah, no shit, right?
Here we go: Teddy Swims with “Bad Dreams” from 2024.
I’ve cozied up to a cuppa coffee once again. Time to rock and roll, kids. Cheers
The Senate voted Thursday to strike down a rule capping most bank overdraft fees at $5, a measure adopted late last year by the Consumer Financial Protection Bureau that had been expected to save Americans billions of dollars per year.
The rule would have limited the fees banks and credit unions could charge when customers spend more than they have in their accounts, typically $35 per overdraft. The bureau estimated it would save American households $5 billion a year. It was immediately challenged in court by banking trade groups.
Democrats are preparing to fight the resolution in the House, where they hope the slim Republican majority will work in their favor.
Call your representatives in Congress. Let them know that this is not okay. Banks make enough profits. They don’t need more.
The new United Healthcare Group CEO, Andrew Witty, has said that the United States’s healthcare system is ‘flawed’.
“No one would design a system like the one we have. And no one did. It’s a patchwork built over decades. Our mission is to help make it work better,” Witty said in a New York Times op-ed published Friday morning, titled “The Health Care System Is Flawed. Let’s Fix It.”
Sure, no one would design a system whereby greedy execs would bow to shareholders and increase profits, stock prices, dividends, and executive bonuses keep increasing their wealth at the cost to the health of the customers who depend on it. That’s why such a system is a rarity in the United States among industries. Yes, that was enriched snark.
Here comes more snark. And, gosh, it must be really hard to fix it. Witty’s predecessor, the late Brian Thompson, had ‘only been with’ United Healthcare for twenty years. As part of his efforts to fixed that flawed system, the company saw profits increase from $12,000,000,000 in 2021 to $16,000,000,000 in 2023, which covers Thompson’s time as CEO.
“As Brian Thompson’s family, friends and colleagues mourn his killing, we are bearing a grief and sadness we will carry for the rest of our lives. Grief for the family he leaves behind. And grief for a brilliant, kind man who was working to make healthcare better for everyone,” Witty wrote.
Undoubtably, Thompson’s work work to fixed that flawed service was making progress, judging from the story shared on Diane Ravitch’s blog about the women being denied benefits by the healthcare giant.
I am sure that Witty will carry on Thompson’s ‘good work’. I expect a slow rollout of those improvements, a very, very, very slow rollout.
“As inflation shot to its peak around mid-2022, Chipotle’s prices also rose, pushing up what customers paid for burritos and bowls by as much as several dollars. Since then, the fast casual restaurant’s costs have broadlyfallen. Prices have not.
“Chipotle’s decision to maintain high prices helped boost profits 110% in recent years, while its executives boasted to investors that they raised prices higher than inflationary costs.”
There’s a list of companies and their profits in the article. Like Cheesecake Factory, with a fat 471% increase. Won’t be going there, thanks.
TBH, I only visit three of these places and it’s not that frequently. My exception is Starbucks. They’re one of my regular Ashlandia coffee haunts because the local places that I loved are gone. That just sucks.
Meanwhile, as you prepare to vote and you hear people complain of inflation and high prices, mention this article. Also mention that energy companies have seen record profits as well.
Face it, boys and girls, as voters scream about inflation and corporations complain about wages, regulations, and taxes, corporate executives are becoming stupidly rich.
Michael Seidel, writer 