Amazon

Fact Check: The Math Adds Up for Trump’s Claim That USPS Undercharges Amazon

Following a tweet from President Trump today where he called out Amazon and the United States Postal Service, Breitbart News investigated Trump’s claims. “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!” Trump said in a tweet posted on Friday. Trump’s claim that the USPS is losing billions of dollars is entirely correct, in 2016 the USPS announced a $5.6 billion net loss and in 2017 stated a $2.7 billion net loss, making this the eleventh year that the Postal Service has announced a loss. The total from 2007-17 amounts to a staggering $65.1 billion in losses. Things do not seem to be looking up for the organization anytime soon, with the USPS predicting in their public 2018 Integrated Financial Plan that they would suffer a net loss of $5.2 billion in 2018. With mail volume at a 29 year low and amassing large amounts of debt, the Postal Service is facing a tough time ahead. However, a bipartisan bill has been proposed that would help the Postal Service. The USPS operates under a law from 2006 that restricts how much they can charge for stamps, how much they must pay into retiree health funds, and other general restrictions on business operations. Some elements of that law expired in 2016, such as the one stating that USPS must pay $5.4 billion to $5.8 billion into retiree health funds, but this new bill would see the law revamped entirely to help the Postal Service compete in the modern age. “Once enacted, and together with aggressive management actions, the Postal Service can meet all of our obligations and continue to improve the way we serve the American public,” said Postmaster General Megan Brennan in testimony to Congress. Another element hampering the Postal Service is the price it charges to deliver packages for e-commerce giant Amazon. A Citigroup analysis in July of 2017 found that a subsidy of $1.46 was attached to every Amazon package delivered by USPS due to the Postal Service delivering the company’s packages below their own costs. It was determined in 2007 by the Postal Service and its regulator that a minimum of 5.5 percent of the Postal Service’s fixed costs must be allocated to package deliveries. Ten years later, despite 25 percent of USPS’s revenue coming from packages, the percentage of fixed costs allocated to packages has not increased enough to become profitable. According to Citigroup’s analysis, if these costs were fairly redistributed and allocated, the average parcel would cost around $1.46 more to deliver. Amazon has used a method called “postal injection” to save money on their own deliveries, delivering pre-sorted Amazon packages to local post office delivery depots for “last mile” deliveries to be made by the USPS at a greatly discounted price. With Amazon warehouses located near many USPS depots, Amazon has managed to outsource almost two-thirds of their deliveries to the United States Postal Service. So is President Trump right in saying that the USPS should be charing Amazon much more? Based on the current figures relating to the number of packages the USPS delivers for Amazon, the price they charge for delivery, and the Postal Service’s current financial state, the answer is clearly yes.

Amazon causes stink with Trump-tweet toilet paper

Amazon on Friday was offering rolls of toilet paper printed with tweets from President Trump. A page on the Internet retail giant site showed individual rolls of Trump-themed toilet paper for $11.99 for Amazon Prime customers. The site said the item was being sold by a company called Toilet Tweets, and that delivery was being “fulfilled by Amazon.” By mid-Friday morning, Amazon appeared to put some distance between itself and the product. A new search for “Donald Trump Classic Tweets Toilet Paper” only led to a page that said the product was available through third parties. The classic tweets include Trump’s messages on Twitter from before he became president.

To read the rest of the article, and see the TP in question, click on the text above.     🙂

Amazon to buy Whole Foods in $13.7B deal

Amazon (AMZN) stormed into the world of food retail Friday with a stunning announcement it will acquire Whole Foods Market (WFM), a move that sent shares of industry mainstays sharply lower as many fear an imminent disruption of the way consumers shop for groceries will continue to pressure margins and potentially upend existing business models. The $475 billion e-commerce giant will snap up the struggling supermarket chain for $42 per share in an all-cash deal valued about $13.7 billion including debt. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue,” said Amazon CEO Jeff Bezos in a statement. Under the deal, Whole Foods will continue to operate stores under its independent brand and the company’s CEO and founder, John Mackey will remain in his position. Mackey said the partnership allows the Austin, Texas-based food retailer to continue efforts to bring high-quality foods to its customers across America. The deal, subject to approval by regulators and Whole Foods shareholders, is expected to close in the second half of this year. News of the acquisition sent Amazon shares up nearly 3%, their biggest gain since January as Whole Foods leaped 27% in their biggest rally since 2009 to $42.35. At the same time, data from Dow Jones showed investors wiped out roughly $55 billion form the market value of other grocery names including Walmart (WMT), Target (TGT), Costco (COST) and Kroger (KR), which cut its full-year earnings guidance on Thursday, extended losses, falling 13% Friday. Whole Foods, largely credited with igniting a large-scale shift in consumer purchasing trends to fresh and sustainably-sourced food offerings, has long been a target of takeover speculation as it continues to face mounting pressure from longtime industry players including Walmart (WMT) and Kroger (KR) as they aggressively move into the fresh and organic food space. In the most recent quarter, Whole Foods booked adjusted earnings of 37 cents a share on revenue of $3.72 billion as sales at stores open at least a year fell 2.8% while transactions declined 3%. aimed at overhauling its purchasing program and category management while also accelerating

Amazon still selling Hamas, Hezbollah merchandise following Confederate flag ban

Amazon is still selling the flags of Hamas and Hezbollah, despite the online retailer’s vow to remove Confederate flag merchandise from its website. For less than $20, online shoppers can purchase an 18-piece “Afghan Taliban” set of figurines carrying assault weapons and RPGs, CNS News hamas-and-hezbollah-flags-available” target=”_blank”>reported. Items featuring Hezbollah-Flag-6inch-Photographic-Prints/dp/B003YMDIE6/ref=sr_1_1?ie=UTF8&qid=1435685512&sr=8-1&keywords=hezbollah+flag” target=”_blank”>the bright yellow flag of Hezbollah are also on sale on Amazon. A baby onesie that says “I love Hezbollah” is available in a variety of colors for $19.99. The green Hamas flag HAMAS-FLAG-Palestine-banner-Green/dp/B00I17QW24/ref=sr_1_1?ie=UTF8&qid=1435684821&sr=8-1&keywords=hamas+flag” target=”_blank”>is also on sale at Amazon.com for $8.47. Amazon announced last week that it would would pull all Confederate flag-related items off of its website, following in the footsteps of Wal-Mart, Sears and other major retailers that have disavowed the flag following the Charleston, South Carolina, church shooting of nine black congregants. Amazon had nearly 30,000 items listed in a search for “Confederate flag” at the time of its announcement last Tuesday. It had almost nothing for sale with the flag by late afternoon Wednesday, Reuters reported.

Wow.. Sooo.. You can log on to Amazon.com and get Hamas and Hezbollah merchandise (merchandise of Islamic terrorists!), but you can’t get a Confederate flag. How hypocritical and insane is that?!? Well, for those that want to buy the Stars and Bars, I just Googled “Confederate Flag for sale,” out of curiosity, and found: ultimateflags.com proudrebel.com and other various sites that carry it. I also just checked and..my local fav flag store here in sunny Colorado, A House of Flags, carries them as well. So, an fyi to those here in the greater Denver area. Their web site is: ahouseofflags.com So, if Amazon is too dumb to turn away the business, then by all means vote with your wallet. There are plenty of other vendors happy to help ya. Just sayin..

Amazon adds racism disclaimer to ‘Tom and Jerry’ cartoons

“Tom and Jerry” cartoons for Amazon Prime Instant Video subscribers are now reportedly carrying a warning that they may depict scenes of “ethnic and racial prejudice.”

How crazy is that?!?! Another painful example of political correctness in this country gone wild.. I do a lot of shopping on Amazon, personally. But, shame on Amazon for doing this! Hopefully enough people will write Amazon and tell them to give the political correctness disclaimer crap a rest…that they’ll rethink this nonsense. Many of these cartoons were made over 70 years ago, for crying out loud! Its like having to put sensitivity labels on movies like Gone with the Wind, or the Wizard of Oz; both made in the 1930s. Totally ridiculous! Tom & Jerry cartoons are classics.. Maybe I’ll add some to my collection…but see if I can find them some other place other than Amazon. 🙂