Kevin Burke

Jordan @jordansmed.bsky.social [ View ] Jul 01, 2024 at 14:48 UTC

There’s no such thing as an illegal order, per this decision

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 15:34 UTC

Like most businesses in the US they had rising profits as consumers spent $1 trillion in stimulus money. They then raised prices and made the box bigger, consumers bought less as as result, and the stock price fell. Would this situation have been better if the FTC tried to regulate the box size?

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 14:21 UTC

People answered “Yes” when a small business lender who polls about news topics as a PR strategy asked “Are you concerned about X,” wow, amazing. This is much more convincing and again I don’t see the problem here. They messed with the box, people didn’t buy as much. Why should the FTC get involved

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 14:17 UTC

I am… not arguing that. I am saying that this is pretty benign and not evidence that General Mills is the second coming of Soylent Green.

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 05:02 UTC

Sure if it's a choice between him and Trump I would obviously pick Biden but i'm not close to the median voter especially a low information voter and I don't think it's crazy to think differently, especially if you are thinking about where the president will be, physically and mentally in 2027

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 05:00 UTC

Honestly can't tell if the people defending Biden right now are doing so in earnest or also gaslighting Like did they not watch the debate, or are they not reading the stories about how he's mostly there as long as you catch him between 10 and 4pm.

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 03:20 UTC

Oh they care about inflation, I don’t think they care that cheerios is messing with the box. Companies mess with packaging all the time, and again, what exactly do you want the remedy to be here. Should the FTC mandate the box size? If people don’t like the box they can buy Joe’s O’s

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 03:12 UTC

no thanks I’ll stick with “Slack”

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 02:48 UTC

there are also several different discount brands targeted specifically at Cheerios buyers

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 02:44 UTC

I think part of the reason Americans don’t care that much about this is because nominal wages are up 40%. What exactly do you want the remedy to be here? People can switch cereal brands if they don’t like Cheerios prices. It’s worth a lot to be able to save 20 minutes walking the aisles.

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 01:25 UTC

That is… not that unusual vs all US businesses, and the paragraph below contains a hint as to why it might have happened. www.federalreserve.gov/econres/note...

My grocery store also offers a much better product than it did in 2020 - I can pick up without going in the store. So what if they make $

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 01:06 UTC

The other thing is like… maybe profits are up because they are doing a better job of serving customers? I order pick up now in an app and rarely go inside the store. Faster for them and me.

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 01:03 UTC

I don’t think Joe Biden should run for re election

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 01:01 UTC

Given everything going on in the world I am finding it hard to get worked up about this

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 01:00 UTC

This all seems like completely normal behavior during a supply shortage. Of course these companies tried to secure access to products!

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 00:59 UTC

This is the exploitation that I am supposed to get worked up about?

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Kevin Burke @burke.bsky.social [ View ] Jul 01, 2024 at 00:47 UTC

Sure. What has happened to labor costs over the last few years? Are grocery stores a particularly labor intensive industry?

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Kevin Burke @burke.bsky.social [ View ] Jun 30, 2024 at 22:31 UTC

I don’t understand this. The price of the stuff they bought from e.g farmers went up, so they raised the prices they charged to consumers. This is how inflation works. What were they supposed to do differently?

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Kevin Burke @burke.bsky.social [ View ] Jun 29, 2024 at 05:16 UTC

is he on this website he might be

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