There are a few ways to think about Elon Musk’s announcement this week that he’s stepping back from DOGE. The first is that he’s leaving a job he officially doesn’t have. The second is that he’s returning to a job (Tesla CEO) that he’s supposedly been doing this whole time. The third, and perhaps most interesting, is that none of this actually makes any sense at all.
Tag: earnings calls
Reports Expose US Billionaires and Corporate Profiteers Enabling Israel’s War on Gaza
“As the Biden administration attempts to deny the death toll of Israel’s campaign of mass murder in Gaza and sell genocide as a stimulus for the U.S. economy, these are the death merchants profiting from the war machine.”
Reports Expose US Billionaires and Corporate Profiteers Enabling Israel’s War on Gaza
H/T: Unorthodox Truth
Raytheon’s CEO said on an earnings call that the company stood to ‘benefit’ from DoD budget increases due to the war in Israel
On an October 24 earnings call, RTX Corporation CEO Greg Hayes said that the defense contractor stood to “benefit” from a US Department of Defense’s budget increase which would fund the supply of weapons to Israel and the restocking of weapons in Ukraine.
Raytheon’s CEO said on an earnings call that the company stood to ‘benefit’ from DoD budget increases due to the war in Israel
America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive
America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage
Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”
Related:
How manufacturing chips in the US could make smartphones more expensive
Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.
Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼♀️
Lockheed’s HIMARS plant gearing up to meet demand after Ukraine ‘success’
Lockheed’s HIMARS plant gearing up to meet demand after Ukraine success
On an earnings call with investors Lockheed’s CEO said “on HIMARS specifically, we’ve already met with our long lead supply chain to plan for increasing production to 96 of these units a year.” Lockheed started 2022 with a HIMARS launcher production rate of 48, but has since ramped up to 60 year.
Amazed that they make them, manually! No wonder they only make 60 a year! I used to work in automotive manufacturing and we made more than 96 per day! Lots of automation and air-powered tools were involved!
While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks
“Our research shows just how far railroad executives will go to funnel record profits to their shareholders—even if that means stagnant wages, inhumane attendance policies, and throwing our supply chain into further turmoil,” said one Groundwork Collaborative analyst.
While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks
H/T: Unorthodox Truth
Ms. Cat’s Chronicles 