Procter & Gamble slashing up to 7,000 jobs amid restructuring effort

Source: Fox Business

“Procter & Gamble on Thursday said that it will cut up to 7,000 jobs, or 15% of its non-manufacturing workforce, over the next two years as part of a broader restructuring effort. ‘As always, employee separations will be managed with support and respect, and in line with our principles and values and local laws,’ P&G said. ‘Specific impacts by region or site are not available at this time.’ The two-year restructuring plan comes as consumer goods giants P&G and Unilever brace for muted demand in 2025, stemming from growing uncertainty due to U.S. tariffs. P&G’s restructuring is not a reaction to a specific part of the external operational environment, which includes tariffs and other global headwinds.” (06/05/25)

https://www.foxbusiness.com/markets/proctor-gamble-slashing-up-7000-jobs-amid-restructuring-effort

The Laffer Curve is a fact, not a theory

Source: Adam Smith Institute
by Madsen Pirie

“The Laffer Curve is a concept in economics that illustrates a theoretical relationship between tax rates and tax revenue. The basic idea is that there is a tax rate between 0% and 100% that maximizes government revenue. The case for the Laffer Curve rests on both logical reasoning and empirical observations, though there is, not surprisingly, significant debate about its policy implications. The case for it in theoretical logic rests on two things. Zero tax yields zero revenue. At a 0% tax rate, the government collects no revenue. This is self-evident. A 100% tax also yields zero revenue. If all income is taxed away, individuals and businesses have no incentive to work, invest, or earn income legally. Between no yield at 0% tax and no yield at 100% tax, there is a curve, and some tax rate must maximize revenue, hence the Laffer Curve.” (06/05/25)

https://www.adamsmith.org/blog/the-laffer-curve-is-a-fact-not-a-theory

Syria: BBC team detained at gunpoint by Israeli forces

Source: BBC News [UK State Media]
by Feras Kilani

“On the morning of 9 May, I was part of a BBC Arabic team which left the Syrian capital, Damascus, for the southern province of Deraa. From there we planned to go to the frontier with the Israeli-occupied Golan Heights. We wanted to get close to the Syrian territory that has been seized by the Israeli military since December …. We were a team of seven — myself (a British citizen), two Iraqi BBC staff, and four Syrians — three freelancers and one BBC cameraman. We were filming near one of the UN Disengagement Observer Force (UNDOF) observation posts, close to the town of al-Rafeed, when an official from the UN told us that the Israeli side had inquired about our identity and had been informed that we were a BBC crew.” (06/05/25)

https://www.bbc.com/news/articles/c4grldkeyv5o

US Initial Jobless Claims Rise to Highest Level Since October

Source: Bloomberg

“Applications for US unemployment benefits unexpectedly rose last week to the highest since October, adding to signs that the job market is cooling. Initial claims increased by 8,000 to 247,000 in the week ended May 31, a period that included Memorial Day. The median forecast in a Bloomberg survey of economists called for 235,000 applications. Weekly claims tend to be volatile and fluctuate even more around holidays. However, recent data and surveys pointed to a slowdown in economic activity and sustained gains in benefit filings in the coming weeks could be a sign that layoffs are on the rise.” (06/05/25)

https://archive.is/us2Rl

To Outrun the Complacent Class

Source: Brownstone Institute
by Bret Swanson

“Over the last two decades, exafloods of Internet content have educated and entertained beyond imagination. Exponentially-growing communications bandwidth and data transparency empowered regular people, elevated previously unknown geniuses, and helped expose deep dysfunction among many existing ‘experts.’ A tsunami of social media also generated psychedelic confusion, not least among the experts themselves, leading to, in Martin Gurri’s words, a ‘crisis of authority.’ Now, artificial intelligence is about to amplify this infowarp a million-fold, for good and ill, producing both unprecedented knowledge and wealth and new epistemic challenges. If you thought the battles over social media ‘misinformation’ were intense, just wait for the A.I. era.” (06/05/25)

https://brownstone.org/articles/to-outrun-the-complacent-class/

When Will Western Support for Israeli Genocide Finally Crack?

Source: Common Dreams
by Medea Benjamin & Nicolas JS Davies

“After 20 months of horror in Gaza, political rhetoric in Western countries is finally starting to shift — but will words translate into action? And what exactly can other countries do when the United States still shields Israel from efforts to enforce international law, as it did at the UN Security Council on June 5th? On May 30th, Tom Fletcher, the UN Under-Secretary-General for Humanitarian Affairs, accused Israel of committing a war crime by using starvation as a weapon against the people of Gaza. In a searing interview with the BBC, Fletcher explained how Israel’s policy of forced starvation fits into its larger strategy of ethnic cleansing. ‘We’re seeing food set on the borders and not being allowed in, when there is a population on the other side of the border that is starving,’ Fletcher said. ‘And we’re hearing Israeli ministers say that is to put pressure on the population of Gaza.'” (06/05/25)

https://www.commondreams.org/opinion/when-will-western-support-for-israeli-genocide-finally-crack

Tesla is trying to stop certain self-driving crash data becoming public

Source: Engadget

“Tesla has asked a judge to block a request for the National Highway Transportation Safety Administration to disclose certain data related to crashes involving vehicles that have self-driving features, as Reuters reports. The company claimed in a filing the information is confidential, and that releasing it publicly would give competitors the ability to analyze the effectiveness of each version of the self-driving tech and potentially figure out the number of crashes that are linked to various systems. The Washington Post last year filed a lawsuit against the NHTSA last year to obtain access to more details about crashes that happened while driver-assistance systems, such as Autopilot and Full Self-Driving (FSD), were engaged. The agency has said the data being requested is exempt from public records laws.” (06/05/25)

https://www.engadget.com/transportation/tesla-is-trying-to-stop-certain-self-driving-crash-data-becoming-public-150946549.html?src=rss