Tag Archives: McDonalds

The Cost Of Living Has Become Extremely Oppressive And 57 Percent Of Americans Cannot Afford A $1,000 Emergency Expense

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By Michael Snyder

Source: Activist Post

I don’t have to tell you that your money doesn’t go as far as it once did.  You see it every time that you go shopping.  Our leaders flooded the system with money and pursued highly inflationary policies for years, and now we are all paying the price.  The cost of living has been rising much faster than our incomes have, and this is systematically destroying the middle class.  Survey after survey has shown that a solid majority of the population is living paycheck to paycheck, and at this point most U.S. consumers are tapped out.  In fact, one brand new survey just discovered that 57 percent of Americans cannot even afford to pay a $1,000 emergency expense…

According to Bankrate’s Annual Emergency Fund Report, 68% of people are worried they wouldn’t be able to cover their living expenses for just one month if they lost their primary source of income. And when push comes to shove, the majority (57%) of U.S. adults are currently unable to afford a $1,000 emergency expense.

When broken down by generation, Gen Zers (85%) and Millennials (79%) are more likely to be worried about covering an emergency expense.

These numbers are quite ominous, because they clearly demonstrate that we are completely and utterly unprepared for any sort of a major economic downturn.

And thanks to the rapidly rising cost of living, we are losing even more ground with each passing month.

Another survey that was recently released found that “earnings are falling behind the cost of living” for 72 percent of middle income families…

Nearly three-quarters, or 72%, of middle-income families say their earnings are falling behind the cost of living, up from 68% a year ago, according to a separate report by Primerica based on a survey of households with incomes between $30,000 and $100,000. A similar share, 74%, said they are unable to save for their future, up from 66% a year ago.

We haven’t experienced anything like this in the United States in decades.

When I walked into a Walmart store the other day, I was shocked by how high the prices are now.

Isn’t Walmart supposed to be the place with “low prices every day”?

Well, the prices were certainly not “low” when I walked through the store.

And I was stunned to learn that McDonald’s is now selling one hash brown for three dollars.

Are you kidding me?

I am sure that many of you can remember a time when they were 50 cents.

Sadly, those days are not coming back.

Food prices are going to continue to go up, and the CEO of Unilever recently admitted that his company has actually “been accelerating the rate of price increases that we’ve had to put into the market”…

“For the last 18 months we’ve seen extraordinary input cost pressure … it runs across petrochemical derived products, agricultural derived products, energy, transport, logistics,” he said.

“It’s been feeding through for quite some time now and we’ve been accelerating the rate of price increases that we’ve had to put into the market,” he added.

That doesn’t sound good at all.

And he also ominously warned that “there’s more inflationary pressure coming”…

Unilever’s view, he said, was that “we know for sure there’s more inflationary pressure coming through in our input costs.”

As food prices continue to rise, these big companies are going to look for ways to reduce input costs.

One way that they are going to do that is by starting to put crushed bugs in our food.

I know that this may sound really bizarre to you, but this is already happening in Europe…

As of yesterday, a food additive made out of powdered crickets began appearing in foods from pizza, to pasta to cereals across the European Union.

Yes, really.

Defatted house crickets are on the menu for Europeans across the continent, without the vast majority of them knowing it is now in their food.

So you might want to start reading labels a lot more carefully from now on.

Of course it isn’t just the cost of food that has become extremely oppressive.

Just about everything has gotten more expensive, and this has broken the remaining strength of the U.S. consumer.

If you doubt this, just consider some of the latest economic numbers that we have seen.

-U.S. retail sales fell once again last month…

US retail sales continued their fall in December, dropping by 1.1% as inflation remained high, the Commerce Department reported Wednesday.

That’s the largest monthly decline since December 2021, and practically every category (except for building materials, groceries and sporting goods) saw sales drop from the prior month.

-Sales of existing homes have now fallen for 11 months in a row…

U.S. existing home sales slowed for the 11th consecutive month in December as higher mortgage rates, surging inflation and steep home prices sapped consumer demand from the housing market.

-More Americans than ever before are being forced to pay at least 30 percent of their incomes on rent…

The average US household is now considered ‘rent-burdened’ as a record-high number of people are spending more than 30 percent of their income on rent.

According to Moody’s Analytics’ latest affordability report, the national average rent-to-income (RTI) ratio reached 30 percent for the first time since the company began tracking the data more than 20 years ago.

U.S. consumers are being stretched financially like never before, and many are turning to debt to help them maintain their current lifestyles.

As a result, the savings rate has plunged to a historic low, credit card debt has surged to a record high, and the average rate of interest on credit card balances has also risen to a record high.  As Zero Hedge has aptly noted, this is “nothing short of catastrophic”…

The combination of record high credit card debt and record high credit card interest is nothing short of catastrophic for both the US economy, and the strapped consumer who has no choice but to keep buying on credit while hoping next month’s bill will somehow not come. Unfortunately, it will and at some point in the very near future, this will also translate into massive loan losses for US consumer banks; that’s when Powell will finally panic.

For a long time, we have been warned that the very foolish economic policies that our leaders were implementing would have deeply tragic consequences.

And now it is starting to happen right in front of our eyes.

Sadly, the truth is that this is just the beginning.

The entire system is cracking and crumbling all around us, and there is much more pain ahead.

The Continuing Decline of McDonald’s

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By James Corbett

Source: The Corbett Report

Long-time Corbett Reporteers might recall my 2015 video, “Celebrate! McDonald’s is Dying!” where I detailed the many, many woes the fast “food” giant was dealing with at the time, including:

Since then, McCancer’s has been undergoing a sweeping “restructuring” that has seen many layers of lipstick slapped on their factory-farmed pig. This restructuring includes not only cosmetic changes (“All-day breakfasts and new value menus for everyone!”) but behind-the-scenes efforts to trim $500 million from the company’s operating expenses, including buyouts and layoffs at company headquarters and the re-franchising of 4,000 corporate “restaurants.”

The global giant’s influential PR machine has used sleight-of-hand and other tricks to make this restructuring look like a smash success. They used their cheerleaders at the Wall Street Journal to hype “stronger-than-expected” profit and sales figures and their boosters at US News & World Report to hype some highly-selective earnings comparisons suggesting that this “turnaround” is, to use the WSJ’s phrase, “sustainable.”

But one doesn’t have to scratch too hard to reveal the rusty reality beneath this PR paint job.

McPinkslime’s might have “beat expectations” for sales and profits, but beating diminished expectations is hardly a sign of booming business. Just look at the nuts and bolts of the Q3 2016 earnings report: Year-on-year revenue is down 2.9% and net income is down 2.6%. And keep in mind, those numbers are in comparison to the already-terrible 2015 figures.

And that “re-franchising” operation? It cost $130 million in pre-tax charges.

But don’t worry, everyone, they “beat expectations!” Pay no attention to the hemorrhaging corporation behind the curtain!

And now the latest sign of McDonteat’s global retreat (via Corbett Report member “BuddhaForce”): “McDonald’s gives up control of its China business in $2 billion deal.”

The story is fascinating enough in its own right, what with McDonteats throwing in the corporate towel on the largest and fastest-growing consumer market in the world. But the devil is, as always, in the details. Who is purchasing the majority stake in the company’s mainland operations? None other than The Carlyle Group and CITIC Group.

The Carlyle Group’s name will likely ring a bell as one of the largest swamp pits “private equity firms” in the world, and one with its fingers in many a pie, including, of course, 9/11.

CITIC Group, meanwhile, will be familiar to The Corbett Report faithful as a key player in “China and the New World Order,” a Chinese state-owned investment company that helped serve as the Rockefeller-Kissinger nexus between the Deng Xiaoping-era “capitalist roaders” and their western finance oligarch recolonizers.

That these two cesspools are converging on the giant turd of American fast food is fitting enough. The McDonaldization of China is proceeding apace, and the usual crew are there to profit from it.

But as to what this story says about the continuing decline of the once-mighty golden arches, there are two main takeaways to the story, one depressing and one positive.

On the depressing front, there is a simple reason for the across-the-board slowdown in fast food sales in recent years (despite the predictable attempts to overcomplicate the problem in clickbait-y listicle format). For once, the Wall Street Journal gets it right: It’s the economy, stupid. What greater rebuke to the easily-disprovable economic “recovery” nonsense of the Obama years could be possible than pointing out the simple fact that people are too worried about their economic future to splurge on a $5 value meal?

But on a positive note, we can take McFatfood’s woes as a sign that, try as they might with their considerable propaganda resources, the corporate chieftains can’t put their egg McMuffin back together again. People are fed up with fast food. And although some, concerned with cost, are turning to eating at home as the cheaper option, others are more concerned with what’s in their food, where it’s sourced from, how it’s being prepared and who is being paid for it. Who wants instant, nutritionless, food-like substitute rolled up in plastic and slapped down on a tray by surly, overworked servers (or, increasingly, robots) anyway?

For those interested in how they can take part in the real food revolution that will render the McFastfood economy obsolete, may I humbly offer this podcast on guerrilla gardening? Bon appétit!

5/15 Global Day of Solidarity for Fast Food Workers

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The New Yorker Daily, December 5 2013

The New Yorker Daily, December 5 2013

Today is the day of the largest global fast food strike yet, targeting major chain restaurants including McDonald’s, Burger King, Wendy’s, Taco Bell and KFC. Organized with the help of Fast Food Forward, the Service Employees International Union and a number of regional activist organizations, fast food workers in 150 cities and 33 countries (including Morocco, Japan, India, Belgium, Germany, Brazil, Argentina and New Zealand) are taking action for better pay and working conditions.

RT will post updates of the event throughout the day here: http://rt.com/news/159180-fast-food-worker-strike/

Sarah Kendzior describes the nature of the struggle that fast food employees commonly experience in the following excerpt from “The Minimum Wage Worker Strikes Back”:

Jenina dropped out of nursing school after her mother lost her job, because she needed the tuition money to pay bills. Her income from McDonald’s, where she started working as a high school senior, helps support her mother and younger sister. Patrick’s Chipotle income helps support his mother, a makeup artist who has struggled to find steady work since the recession. Krystal’s Taco Bell income helps support her son; her sister, who lives with her and works at Jack in the Box; and now, her newborn daughter.

Every worker I interview is supporting someone: an unemployed parent, a child, a sibling, a friend. Most of their friends and family members work in fast food or other service industries. Everyone is in their twenties or older. All but one is African-American.

They dream of different jobs. The women want to be nurses, the men want to work in the automotive or culinary industries. But no one can pay for training when they cannot save for day to day, much less for the future.

As a result, fast food workers are turning to activism: not out of ideological motives, but because overturning the economic system seems more feasible than purchasing the credentials for a new career.

Read the full article here: https://medium.com/debt-ridden/fa4c36eb306b

Supersize This, Putin: McDonalds Closes Crimean Locations

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Source: Collapse.com

Only in Obama’s America could something like this bit of ‘news’ be sold to the masses of asses by a corrupt cadre of state-corporate media that long ago chucked their first amendment responsibilities into the crapper to become careerist pressititutes riding on the rogue government gravy train. Those economic sanctions that have hurled at Russia with as much real effect as Zell Miller’s legendary “spitballs” now are getting some real clout as the punishment towards the reincarnated red menace grows a set of teeth.  McDonalds, the tip of the spear of the corporate American imperial conquest of the world is closing locations in Crimea. This comes much to the delight of moronic consumers of the cable ‘news’ tabloid infotainment that poisons their minds as surely as the artery clogging food at Micky D’s does to their bodies. It is a sardonically funny real life example of the thoroughly dishonest rhetoric of that pathological political cynic and closet Bircher Paul Ryan’s “full stomachs and empty souls” speech to the low-hanging fruit at the recent CPAC soiree.  Nothing could be more ironically truthful of the state of the American “consumer” today, whether it be focus group tested bullshit or cheap fast food that is being devoured.

Boy that is going to show Putin. I can practically see William Kristol, the Kagan Brothers, John McCain and the rest of the neocons popping the champagne corks over this latest fusillade of indignity. Considering the insane levels of hubris, delusion and arrogance among the “end of history” crowd I can really imagine that they think that depriving Russians of greasy, unhealthy American fast food is going to ignite their desired color revolution that will bring about regime change in Russia. What a bunch of  reckless and dangerous dummies and Obama and his Skull and Bones stooge John Kerry are no better. With the latest edition of the impossible dream of Israel accepting a peace deal with the Palestinians now going up like a flaming bag of dogshit John Kerry has officially become the grand marshal of the US fool’s parade. My God, what a mind boggling fiasco of a first year on the job in thoroughly screwing up everything that the stammering ass from Mass got involved in, wasn’t John Bolton available? Good God Obama, did it ever dawn on you that there was a reason why the Republicans supported Kerry for the Secretary of State gig? How is that “Team of Rivals” thing workin’ out for you now?

The news of McDonalds pulling out of Crimea is already being picked up and fed through the echo chamber with the launching pad being th neocon transmission station at the Washington Post. While it hasn’t reached the columns of the A team of propagandists over at Pravda on the Potomac, namely neocon war wench Jennifer Rubin and Charles “Dr.Strangelove” Kraüthammer some so-called Russian expert named Kathy Lally is practically peeing in her pants with glee while blogging:

Talk about a Big Mac attack. Here’s a sanction with some real bite to it.

The three McDonald’s restaurants in Crimea, the Ukrainian peninsula that has been abruptly annexed by Russia, are now closed. The Ukrainian branch of McDonald’s, based in Kiev, said in a statement Thursday that they had been closed for technical reasons, perhaps referring to the difficulty of supplying your restaurants when they turn up in a foreign country overnight.

Although the United States has imposed financial and other sanctions on Moscow because of its Crimean takeover, American businesses have been left free to operate in Russia. McDonald’s said the closing was temporary, but its offer to move employees to other jobs in mainland Ukraine – and give them a three-month rent payment – made that assertion sound less than persuasive.

Crimean officials tried to minimize the enormity of being forever deprived of the seductive phrase, “Would you like fries with that?”

My fellow Americans, this is how low that we have sunk in that the closing of McDonalds restaurants in Crimea has become to this point the most kick ass club in the bag in terms of all of those threatened economic sanctions that have been endlessly threatened by Team Obama. Oh, and Mighty Taco has banned Putin from eating in any of their restaurants, I am sure that he is already on the phone with his military commanders to get the fuck out of Crimea asap. This coordinated onslaught of Russia bashing is all so ridiculous that it has descended into parody, I cannot even watch my local news anymore without being blasted with propaganda and last night there was a plea for bay area residents to adopt those stray dogs that were being hunted down to be killed prior to the Sochi Winter Olympics. It never ends as we continue to slouch towards Idiocracy, on the Tonight Show with Jimmy Fallon last week much to the delight of a woeful nation of TV addled zombies the reigning queen of American ignoramuses that is Sarah Palin was trotted out to partake in a Putin skewering skit , the woman is a national embarrassment yet in a rotting empire where celebrity is the coin of the realm has become mainstream. It is as if the entire nation is slowly being sucked into the vortex inhabited by such morons and is becoming nothing more than a cartoon version of itself.

Likely to further inflame tensions and up the insanity level is the outstanding denunciation of one Russian political figure  who administered a classic smackdown, according to a story in The Guardian deputy foreign minister Sergei Ryabkov mocked the current state of lunacy:

“Clearly, the US leadership is really annoyed, and cannot come to terms with the new situation, which has arisen in large part due to the deliberate line taken by the US and its allies in Europe to prepare anti-Russian forces to take power in Ukraine,” said deputy foreign minister, Sergei Ryabkov, in an interview with Interfax.

“Trying to demonstrate how unhappy it is with the exercise of free will by the population of Crimea and the decisions we took related to it, Washington is ruining contacts even in places where continuing dialogue is in their own interests.”

In addition to sanctions against a number of businessmen and politicians considered to be close to the Russian president, Vladimir Putin, the US has responded with other measures, including cancelling all co-operation between Nasa and the Russian space agency, except for joint work on the International Space Station.

“The situation is turning into a joke when, for example, meetings between meteorologists are cancelled,” said Ryabkov.

“What can we advise our American colleagues? They should get more fresh air, do yoga, eat healthily, maybe watch some sitcoms on television.

“This is better than getting themselves and others all worked up when they know very well that the train has already departed and that childish tantrums, tears and hysterics will not help things.”

HEAR! HEAR! Enough is enough of this silly horseshit. It’s long past time for the adults to intervene, stick a pacifier into Obama’s pie hole and send Kerry, Powers, Nuland, Rice and the neocons to go and sit in the corner until they can behave in the mature manner that should be expected of statesmen and stateswomen. Oh, and take bad ass Billy Kristol out to the wood shed and give him the type of serious spanking that would give David Vitter a hard on. America is the petulant spoiled child of the world and it is embarrassing to be an American these days due to our tantrum throwing political class. For Christ’s sake, listen to rational war criminals for a change like Henry Kissinger and George Schultz and just ignore the diaper-dumping piss babies like Kristol and the rest of his wretched gang of misfits when it comes to Russia.

Maybe the neocons can take solace that McDonalds has suspended operations in Crimea, thereby depriving the citizens of the Russian territory of the crappy food that is a major contributor to a plague of health problems here in The Homeland where we are number one – in obesity. Like the rest of our sick national obsession with being that oh so exceptional people the brainwashing that is used by McDonalds in targeting advertising to children is essential in the indoctrination process. Just like the pledge of allegiance which is something that has no place in a “free” country and more appropriately belongs in the same types of authoritarian states that are defined by the criteria that is steeped in the same hypocrisy that is being peddled to justify the new Cold War.

“The Fries” – Mr. Lif (remixed by Jeremy R. Stern aka Abdul Malik)