We document the evolution of market power based on firm-level data for the US economy since 1955. We measure both markups and profitability.
In 1980, average markups start to rise from 21% above marginal cost to 61% now. The increase is driven mainly by the upper tail of the markup distribution: the upper percentiles have increased sharply. Quite strikingly, the median is unchanged. In addition to the fattening upper tail of the markup distribution, there is reallocation of market share from low to high markup firms. This rise occurs mostly within industry. We also find an increase in the average profit rate from 1% to 8%. While there is also an increase in overhead costs, the markup increase is in excess of overhead. We then discuss the macroeconomic implications of an increase in average market power, which can account for a number of secular trends in the last four decades, most notably the declining labor and capital shares as well as the decrease in labor market dynamism.

https://www.janeeckhout.com/wp-content/uploads/RMP.pdf

Amongst the demands are the nationalisation of the mines, the South African Reserve Bank and other key strategic industries and means of production.

“A State Bank must be established without delay, and our national banks must be focused on specific areas of industrial development."

A living wage for all public sector workers, especially the police and nurses.

All SOE’s must be protected from being privatised, and those such as SAA that have already been privatised, and sold, must be re-nationalised. Overall, free education, vocational training, and employment must be guaranteed for all of those who are willing and able to work,

Just morons, right? Where are demands of free trade and total privatization?

https://www.iol.co.za/news/politics/free-zuma-campaign-gives-ramaphosa-14-days-to-respond-to-demands-bda79c20-dc61-4352-82c7-a3fb452a3598

At least whole Legion lineup is affected, most of sold notebooks are from EU region.

NVIDIA now sues Lenovo for some patent infringement stuff.

As far as I understand, notebook vendors must secretly pay big money for lot of separate features of NVIDIA chips, if them want them to work. LENOVO refused to pay for encoder, so NVIDIA went in court to push them.

Mortality in Russia in June 2021 increased by 13.9% compared to June 2020. This was announced on July 9 by Deputy Prime Minister Tatyana Golikova.

According to her, the reason was the sharp rise in the incidence caused by the spread of the delta strain.

According to Rosstat, 162.7 thousand people died in June 2020, which exceeds the death in 2019 by 18.6%.

Numbers are staggering, such increase is equal to 35,66% casualties increase in two years time, real genocide.