Reality Bites: Pay Raises for the Elite.
Our politicians tell us either the economy is growing, or we are on a precipice of a recession. What is the real truth? The Job growth these elected officials are talking about are those jobs lost or put on hold during the pandemic., not real growth, but a simple return to the status quo. Take some information, put something shiny onto it, and call it new, and behold, some imaginary good news.
11.8% of the Caribbean’s population hold 2-3 jobs. About 23 million Americans hold 2-3 jobs, while in Canada 6.9 million Canadians have held 2-3 jobs since 2021. These rates have increased. The things we do to pay our bills, feed the family and hold onto the image that we are stepping up in our economy.
Did you know that our Canadian Politicians have given themselves a raise, while we all endure the high cost of living, inflation and an overall decline in our bank accounts? Prime Minister now makes $379,000 (21,200 raise) while M.P.’s make $189,500 with a $10,600 raise. Nice eh? All this while we the great unwashed receive no significant pay raises while experiencing the pressures of a demanding economy.
Nearly 2.3 million Canadian Seniors have to maintain more than one job and continue to work to provide for themselves. Today in America more than half of the seniors have no or little retirement savings. Our past generations live in financial peril, unable to service their healthcare, home or car repairs or feed themselves properly. Go to a senior home, and find the costs to be unaffordable for most. No problem right? These private firms will provide for many of these seniors only as long as their pensions, retirement funds and savings last. For many, the prospect of a bright future is not planned or thought about. While seniors grow older, their funds dwindle, if they exist at all.
Work, work and work some more. The average wage for a young person is $18-21 dollars an hour. Seniors are often paid this amount also. Has our society failed these people, those who begin their life path, or those who built our society? Has the cost of living over the years made saving something for the future unattainable? Have, any of us failed to plan, save and look to the future instead of living each day by day?
The cost of living today will add pressure onto these people, your neighbours and your friends. Corporate greed, unrealized expectations and an economy without a soul will send many of us to the grave. 22.1% of 100,000 people in America think about or actually commit suicide. Many are a result of circumstances beyond these people’s control. A feeling of dread, fear, despair, loneliness and hopelessness drive some of us to an unexpected end. We have been given messages through advertisements, corporate propaganda and societal expectations that we deserve a good life, a great future and restful retirement. What has happened? We work hard and once we pay our dues, there is nothing left.
Prosperity exists for those who take, while the rest of us will be able only to give. Give of ourselves time, service, hard work, ambitions and dreams hopefully fulfilled. Reality truly bites.
Stats from Canadian, US Government websites.
Social media's new pay-for-play rules – Axios
Illustration: Gabriella Turrisi/Axios
Social media is getting pricier for users who want to unlock special features and privileges.
Why it matters: Users who once believed they were contributing their time and creativity are now being asked to pay up by cash-hungry platforms.
Driving the news: Elon Musk on Monday tweeted that beginning April 15, only tweets by verified users will show up in Twitter’s default main feed of “For You” recommendations. Verification, formerly a service Twitter offered public figures, is now available only to $8-a-month subscribers.
- The new strategy “is the only realistic way to address advanced AI bot swarms taking over. It is otherwise a hopeless losing battle,” Musk argued. “Voting in polls will require verification for same reason.”
Between the lines: Musk has tried to shift more of Twitter’s business towards charging for subscriptions amid advertising pullback.
- In addition to charging users to be verified, he also began charging companies for access to Twitter’s API, or backend interface, something many used to be able to access for free.
Be smart: Other social networks have made changes to their feeds to prioritize paid traffic over organic posts, but Musk’s moves are more drastic.
- As The New York Times’ Mike Isaac notes, when Facebook transitioned its algorithm to prioritize posts from friends over Pages, brands and news companies were forced to buy ads if they wanted to be seen.
The big picture: Twitter isn’t alone in its push for more stable, recurring revenues. Other social networks, having reached a point of maturity and a slowdown in the ad market, are also looking to make more money from subscriptions and licensing.
- Meta launched its version of a paid verification subscription service in the U.S. last week. Snapchat introduced a new consumer subscription last year.
- Snapchat also last week launched its first enterprise software business, licensing its augmented reality software and tools to enterprise companies.
- “[T]his opportunity is major, not just for Snap, but for businesses of all sizes,” said Jill Popelka, head of AR enterprise services for Snap Inc. Snap will first focus on licensing out its tech and services to the retail industry before testing other markets.
Yes, but: Musk has announced many new policies and promises from his Twitter account that have fallen by the wayside or remain unfulfilled.
The bottom line: Users may not need all of the new paid perks they’re being offered, but tech firms are desperate to sell them.
- Musk admitted to employees this week that Twitter is worth less than half of what it was when he bought it.
- Stocks for Meta and Snap have both lost all of of their pandemic momentum since the ad market began to crater in 2022.
Myanmar military dissolves Suu Kyi’s NLD party: State media
Party of Myanmar leader Aung San Suu Kyi among 40 political parties dissolved after failing to meet registration deadline, according to state television.
Myanmar’s military-controlled election commission has announced that the National League for Democracy Party (NLD) would be dissolved for failing to re-register under a new electoral law, according to state television.
The NLD led by Nobel laureate Aung San Suu Kyi was among 40 political parties dissolved on Tuesday after they failed to meet the ruling military’s registration deadline for an election, according to state television.
In a nightly news bulletin, Myawaddy TV announced the NLD among those who had not signed up to the election and were therefore automatically disbanded. The NLD has said it would not contest what it calls an illegitimate election.
The army carried out a coup in February 2021 after the NLD won the November 2020 parliamentary elections and subsequently jailed its leader Suu Kyi.
Suu Kyi, 77, is serving prison sentences totaling 33 years after being convicted in a series of politically tainted prosecutions brought by the military. Her supporters say the charges were contrived to keep her from actively taking part in politics.
The party won a landslide victory in the 2020 general election, but less than three months later, the army kept Suu Kyi and all the elected lawmakers from taking their seats in parliament.
The army said justified the coup saying there was a massive poll fraud, though independent election observers did not find any major irregularities.
Some critics of Senior General Min Aung Hlaing, who led the takeover and is now Myanmar’s top leader, believe he acted because the vote thwarted his own political ambitions.
No date has been set for the new polls. They had been expected by the end of July, according to the army’s own plans.
But in February, the military announced an unexpected six-month extension of its state of emergency, delaying the possible legal date for holding an election.
It said security could not be assured. The military does not control large swaths of the country, where it faces widespread armed resistance to its rule.
Gautam Adani acquires 49% in Quintillion Business Media for Rs 48 crore
Billionaire Gautam Adani’s AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore.
In a stock exchange filing, Adani Enterprises Ltd said its subsidiary AMG Media Networks Ltd has completed the acquisition which was originally announced in May last year.
The transaction was completed on March 27 for “Rs 47.84 crore”, it said.
Quintillion Business Media runs the news platform Bloomberg Quint, now called BQ Prime.
Adani group had set up AMG Media Networks for its foray into businesses of “publishing, advertising, broadcasting, distribution of content over different types of media networks”.
In May last year, it had signed a shareholders’ agreement with Quintillion Media Ltd (QML) and QBML.
In September 2021, it hired veteran journalist Sanjay Pugalia to lead its media company Adani Media Ventures.
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