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Top-level
 #FollowTheMoney 🧵 32/n Watched “The Founder” on Netflix yesterday, about McDonalds. Really interesting- would recommend it. Particularly how the real breakthrough came when Kroc, advised by Sonneborn, went for real estate. Checked it on Wikipedia: “McDonald's present-day real-estate holdings represent $37.7 billion on its balance sheet, about 99% of the company's assets and 35% of its annual gross revenue.” 5 comments
#FollowTheMoney 🧵34/n #ClimateDiary We had a veg box for 12 years from Hankham Organics; 3 weeks ago we suddenly had a note with our box that they were closing, as it wasn’t working financially any more. 😢😢😢 And a fish merchant who we got smoked salmon for Christmas from closed this year too, for the same reasons. Plus Goldsmiths’ woes of course (#AcademicVenting). So many good, small organisations struggling and ending. #FollowTheMoney 🧵 36/n Here a positive, progressive use of money flows: 1400+ Columbia University alumni from its 20 schools have pledged to withhold all “financial, programmatic, and academic support” until school meets demands related to divestment, student discipline, and community safety. #FollowTheMoney 🧵37/n Even though all of us living in the UK know that homelessness is terrible (and has grown exponentially since 2010), it is still shocking to see this graph. (There are notes on methods: all countries included both rough sleeping and invisible homelessness). |
Gregory's Server
#FollowTheMoney 🧵 33/n
Today an overlap with #ClimateDiary: British farmers are struggling due to climate change, Brexit AND supermarket power:
Most farmers receive less than 1% of the profit made from the food they grow. Of the 20% food inflation experienced by the public a minuscule proportion made its way back to the farmer. Tesco made a £2.3bn profit last year, while 49% of fruit and veg farmers fear they’ll be out of business before the end of this one.
https://www.theguardian.com/commentisfree/article/2024/may/08/british-farmer-food-climate-crisis-business?CMP=Share_iOSApp_Other
#FollowTheMoney 🧵 33/n
Today an overlap with #ClimateDiary: British farmers are struggling due to climate change, Brexit AND supermarket power:
Most farmers receive less than 1% of the profit made from the food they grow. Of the 20% food inflation experienced by the public a minuscule proportion made its way back to the farmer. Tesco made a £2.3bn profit last year, while 49% of fruit and veg farmers fear they’ll be out of business before the end of this one.