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- Salty Ginger Talk Newsletter
Senator Warren spews more price gouging allegations with no proof
Our take: There are some things that you can count on in life. Each year, high school seniors will graduate and enter the adult world. Dogs will chase cats. Cats will chase mice. Senator Elizabeth Warren will go on TV and accuse “large corporations” of price gouging without a single piece of evidence to support her wild accusations.
CNBC’s Joe Kernen scoffed at Democrat Massachusetts Sen. Elizabeth Warren on Wednesday as she tried to convince the panel that corporations are “price gouging” in response to President Donald Trump’s tariffs.
Warren, who has repeatedly spewed the “price gouging” talking point, said that companies are raising prices because of their worries about the costs of the reciprocal tariffs that Trump imposed on April 2, which he deemed “Liberation Day.” Kernen pointed out that inflation and the cost of goods, such as eggs, have come down since Trump reentered office in January.
“Remember our last conversation? This is like part two,” Kernen responded. “Remember our last conversation about price gouging. So now you have another way to say that corporations are doing that. But egg prices came down, inflation came down; it seems like the corporations only gouge when you say they’re gouging and they’re unable to at other times.”
We are always curious why companies don’t always decide to price gouge if they have unlimited pricing power, as Senator Warren likes to claim. Why are they only greedy sometimes? Why not all the time? It sure seems like they only price gouge when she needs a talking point on television. But what do we know? I’m sure Senator Warren, who has never run a business herself, knows better.
COURTESY: MSN
Masters golf tournament tees off at Augusta National
Our take: In many people’s eyes, The Masters Golf Tournament, held every April at Augusta National Golf Course in Augusta, Georgia, is professional golf's most prestigious event. The course is immaculate, the golf is exciting, and winners of the tournament receive a lifetime exemption to play in the Masters every year.
The tournament tees off this morning. Among the favorites to win this year's tournament are Scottie Scheffler, the world's #1 ranked golfer, along with Rory McIlroy, Jon Rahm, Ludvig Aberg, Collin Morikawa, and Bryson Dechambeau.
Held over 4 days, The Masters final rounds can be seen on CBS on Saturday and Sunday’s final rounds.
COURTESY: MSN
Man ditches corporate world for fried chicken franchise, says he is happier than ever
Our take: There are many paths to success and happiness. In this article, one man discusses the path he has followed that has led him to a good place in life.
He started off pursuing a career in the NFL, then pivoted to the world of finance with some major accounting companies. When he found that unfulfilling, he left the corporate world to open a fried chicken franchise, where he has found both success and happiness.
From the article: Academics were never my strong suit. My GPA was barely 3.0 while I attended a small school in Tennessee on a football scholarship. I majored in finance and economics.
My goal was to get to the NFL, but when I realized that was not happening, I started looking for a job related to my major.
After working as an accountant for multiple companies, including the Big Four, I left my corporate career to open a fried chicken franchise. I'm so much happier now.
I decided to franchise with Bonchon because I missed it from living in Los Angeles. I invested my life savings into opening the first location and the initial franchise fee by cashing out my 401(k) of around $100,000.
I underwent three weeks of kitchen training, during which I learned how to fry chicken, cook the dishes, and prep the veggies. Training also included front-of-house training.
While opening the restaurant, I still worked at Microsoft but quit eight months in. As a senior tax manager, the salary I left behind was just under $160,000.
When I first opened Bonchon, I cooked and ran day-to-day operations in the kitchen. I worked around 60-80 hours a week, seven days a week. It was a grind for the first year because of the steep learning curve.
By the time I opened my third location, I was hands-off on the day-to-day operations and relied on my managers. I'm much happier now.
I have a wife and two kids and can spend much more time with them now.
We love seeing people bet on themselves, work hard to make their dreams a reality, and enjoy the fruits of their labor. Kudos to this gentleman and his family for shooting their shot. We hope they continue to enjoy the success they have built for themselves.
COURTESY: REDDIT
Tip of the day
The secret to living is giving, and one of the best business tips is the one that feels the best for you and your team. Find ways for you and your employees to give back to the community that are in line with your core values as a company. For example, if you value technology and innovation, you might consider supporting a nonprofit that provides free mobile devices or tech classes to underprivileged children. If a core value is sustainability, you could volunteer hours at a recycling facility. When you give back to your community, you elevate your corporate culture, provide a more fulfilling experience for your team and set yourself apart by showing your clients and customers that you care about more than just the bottom line.
Quote of the day
The way to get started is to quit talking and begin doing.” - Walt Disney