Netflix Updates Corporate Culture Memo, Adding Anti-Censorship Section and a Vow to ‘Spend Our Members’ Money Wisely’

Netflix loves to tout its culture of avoiding rules and minimizing corporate red tape. But of course, the company does have operating guidelines, famously detailed in the Netflix Culture document posted on its website. Co-founder Reed Hastings even wrote a 2020 book elaborating on the principles, titled “No Rules Rules: Netflix and the Culture of Reinvention.”

Netflix Updates Corporate Culture Memo, Adding Anti-Censorship Section and a Vow to ‘Spend Our Members’ Money Wisely’

H/T: After subscribers quit, Netflix tells activist employees it’s time to support free speech

Raytheon chief warns of delays in replenishing Stinger missile stocks

The CEO of Raytheon Technologies told investors Tuesday that the company won’t be able to ramp up production of Stinger missiles until 2023, due to a lack of parts and materials for the weapons that Western allies have rushed to Ukraine.

Thousands of Stinger anti-aircraft missiles have been pulled from stocks across Europe and the United States and sent to Ukraine, but as yet there is no solid plan to replenish the stocks for the countries that donated them.

Raytheon chief warns of delays in replenishing Stinger missile stocks

I Cannot Live on Tomorrow’s Bread

On April 19, the International Monetary Fund (IMF) released its annual World Economic Outlook, which forecasted a severe slowdown in global growth along with soaring prices.‘For 2022, inflation is projected at 5.7 percent in advanced economies and 8.7 percent in emerging market and developing economies – 1.8 and 2.8 percentage points higher than projected in … January’, the report noted. IMF Managing Director Kristalina Georgieva offered a sobering reflection on the data: ‘Inflation is reaching the highest levels seen in decades. Sharply higher prices for food and fertilizers put pressure on households worldwide – especially for the poorest. And we know that food crises can unleash social unrest’.

I Cannot Live on Tomorrow’s Bread

Related:

This Isn’t Putin’s Inflation

H/T: The New Dark Age

America Is Headed for Class Warfare + More

Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.

America Is Headed for Class Warfare

Related:

“Workers aren’t getting bailed out like the billionaires”: Detroit workers livid over surging gas prices

“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices