logo
The ‘economic blackout' movement now wants you to boycott McDonald's, starting today

The ‘economic blackout' movement now wants you to boycott McDonald's, starting today

CNN24-06-2025
McDonald's is the latest target of a grassroots 'economic blackout' campaign that has previously targeted other major companies with mixed success.
The People's Union USA, led by John Schwarz, is now calling on people to boycott McDonald's beginning Tuesday through next Monday, explaining in an Instagram post that he's demanding 'fair taxes, an end to price gouging, real equality, and corporate accountability.'
'This is a show of strength, solidarity and people powered change,' Schwarz wrote. 'Let them feel it. Let them hear us.'
McDonald's did not immediately respond to comment about the boycott.
Boycotts are notoriously difficult to organize, and it's not clear that the effort will make a dent in McDonald's bottom line. Nevertheless, the spotlight is shining on McDonald's at a less-than-ideal time for the company, which recently reported its second consecutive quarter of sales declines. Customers, especially in low and middle income brackets, have pulled back their spending amid economic uncertainty.
McDonald's has faced backlash from some customers about its prices. The value perception of the chain has dimmed among its cash-conscious customers: The average price of items has soared about 40% since 2019. The company says this is in line with its rising costs.
Schwarz didn't immediately respond for comment. His website calls the group 'a grassroots movement dedicated to economic resistance, government accountability, and corporate reform,' adding that the 'goal is to unite Americans against the corruption and greed that has kept us struggling for decades.'
Schwarz garnered national attention earlier this year when his group called for an 'economic boycott' on Walmart, Target and Amazon for various reasons, including the roll-back of diversity, equality and inclusion (DEI) programs.
In January, McDonald's ended some of its its specific diversity goals, including requiring its suppliers to commit to certain DEI targets.
The chain also stopped participating in external surveys that measure corporate diversity, as well as changed the name of its diversity team to the Global Inclusion Team — a common practice for many other companies that have rolled back diversity pledges.
Companies have changed their views on DEI following the re-election of President Donald Trump, who opposes the efforts, and a Supreme Court ruling against affirmative action. Online pressure, legal threats and customer opposition have led many companies, including Walmart, Ford, Harley-Davidson, John Deere and others to make changes to their DEI initiatives.
Still, Schwartz's bark might be louder than his bite. A March boycott against Amazon had negligible affect to its bottom line with the company posting better-than-expected earnings results during that quarter.
The 'economic blackout' effort is relatively uncoordinated and nebulous. Experts on consumer boycotts and corporate strategy are dubious that it will make a dent in the bottom lines of the massive companies that it targets, let alone the vast US economy.
However, a 40-day boycott against Target led by megachurch pastor Rev. Jamal Bryant, has been more fruitful. Sales fell last quarter, driven in part by customer backlash to Target's reversal on its DEI programs, the company admitted.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

When Bloodshed and Chaos Arrived at 345 Park Avenue
When Bloodshed and Chaos Arrived at 345 Park Avenue

New York Times

time28 minutes ago

  • New York Times

When Bloodshed and Chaos Arrived at 345 Park Avenue

A group from the finance firm Blackstone gathered for a mixer off the lobby of 345 Park Avenue on Monday evening. Across the big, airy space a Blackstone senior executive, Wesley LePatner, 43, was passing through after a day of meetings upstairs. She was a mentor to young women who oversaw a real estate team that had injected tens of billions of dollars into their portfolio. A busy Monday, nearing its end. There was the lobby's security guard — friendly and popular. He stepped outside every day to buy a lottery ticket from the news stand on Lexington Avenue. Today's my day, he would joke with the young vendor. I'll win big and solve all my problems. Darin Laing, 37, in finance, passed him by as he left with a colleague to grab a quick dinner across the street. None of them noticed a dark BMW pull up on Park Avenue and double park. The driver stepped out. It was a hot day, the beginning of a heat wave that gripped the city. So the lobby's big blinds were lowered against the sun, masking his approach to the building. Just before 6:30 p.m., the driver, a slim young man wearing sunglasses, entered the lobby with an assault rifle in his right hand. Much would be learned about that man in the hours and days to follow — and about the four others who would ultimately lose their lives. But at that moment and for a long stretch that followed, he was an anonymous, terrifying, unfolding threat. One that New Yorkers have seen play out all over America, and now had come to their door. Want all of The Times? Subscribe.

Luka Doncic's Lakers teammates were at Saturday's extension presser — but LeBron wasn't
Luka Doncic's Lakers teammates were at Saturday's extension presser — but LeBron wasn't

Yahoo

time36 minutes ago

  • Yahoo

Luka Doncic's Lakers teammates were at Saturday's extension presser — but LeBron wasn't

The Los Angeles Lakers held a press conference on Saturday to announce that Luka Doncic had agreed to a three-year contract extension that will pay him $165 million. Getting him signed to an extension was seen as the most important item on their to-do list this offseason, and they got it done on the first day he was eligible to sign it. Several of Doncic's teammates were on hand for the presser, as was coach JJ Redick. They were surely happy to know that the 26-year-old superstar will remain in a Purple and Gold uniform for at least three more years. However, Doncic's best and most important teammate — LeBron James — wasn't present for Saturday's news conference. James has noticeably kept to himself so far this offseason after deciding to exercise his player option for the 2025-26 season in late June. His agent, Rich Paul, issued a statement that said, in part, that the two "want to evaluate what's best for" the superstar at this point in his career. Many interpreted that as a prelude to a possible trade request. The trade speculation surrounding James has died down a bit over the last week or two. However, all eyes will be on him once training camp starts, and as usual, he will be under a microscope as people analyze his body language and try to decipher how he feels in the moment about playing for the Lakers. This article originally appeared on LeBron Wire: Luka Doncic's teammates were at extension presser — but LeBron wasn't

63 million adults are moonlighting as caregivers, with little support
63 million adults are moonlighting as caregivers, with little support

Yahoo

time36 minutes ago

  • Yahoo

63 million adults are moonlighting as caregivers, with little support

Two years ago, Anita Robinson took early retirement from her position as a senior partner at a tech firm in Atlanta. She was 57 and had been at the company for more than three decades. 'It wasn't my intent, but special circumstances called me to duty as a daughter,' Robinson told me. Her 83-year-old mom is blind, has dementia, four different types of cancer, and requires full-time care. 'I just couldn't in good conscience leave her,' she said. There are millions of Americans facing similar heart-wrenching and financially difficult decisions as America's caregiving crisis is worsening. An astonishing 63 million Americans — nearly 1 in 4 adults — now provide care to an adult with health or functional needs, or to a child with a serious medical condition or disability — a record high, according to a new report from AARP and the National Alliance for Caregiving. That's up from 53 million in 2020 and 43.5 million a decade ago. 'What's even more troubling is what caregiving costs people,' AARP CEO Myechia Minter-Jordan, told Yahoo Finance. Nearly half of caregivers are struggling with significant financial factors. More than 2 in 10 have taken on more debt, about a third have used up short-term savings, 3 in 10 have stopped saving, and roughly 20% are leaving bills unpaid or paying them late, according to the data. At the same time, they are grappling with work and career fall out. More than 60% of caregivers are balancing their caregiving responsibilities while still employed, the report shows. And half report they reduced hours, have taken unpaid leave, or even quit their job entirely as Robinson did. 'There are a number of factors driving the financial strain. It's increasingly challenging for caregivers to access affordable, quality supports and services that are needed to provide adequate care — things such as respite care and access to paid leave from their employers,' Minter-Jordan said. Robinson was initially able to step away from her job temporarily through the Family and Medical Leave Act (FMLA) to see if she might be able to find a way to do both jobs. The FMLA provides 12 weeks a year of unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage. 'Afterwards, my company wasn't flexible with options and started requiring everybody back into the office,' she said. 'There were not many exceptions granted for working from home. It was just not an environment conducive for me to continue to work.' She's getting by on savings but trying not to tap all of her nest egg. 'I've been living off savings and withdrew a small pension that I had access to, " Robinson said. 'That incremental piece has been a big help with no income coming in.' Unretirement after caregiving Robinson is too young to actually retire for myriad reasons. 'I do know that I will have to return to work at some point to keep up with healthcare costs and increasing cost-of-living,' she said. 'I don't want to deplete my retirement savings. But for now caring for mom is a labor of love. It's just what you do.' To prepare for that future unretirement, she is strategically doing pro bono projects and accepted an unpaid board position on a nonprofit that she can handle remotely — all things that help her skills stay relevant. 'I'm still active so that it won't look to a potential employer that I just went off into vacation mode for a few years and didn't do anything,' she said. The average caregiver is 51 years old and lives with the person they care for, according to the report. Women account for the majority (61%) of caregivers. 'Women face several obstacles that jeopardize their retirement security — they live longer and they need more income,' Cindy Hounsell, founder and president of the Women's Institute for a Secure Retirement (WISER), told Yahoo Finance. 'The impact of caregiving responsibilities causes them to save less, which means recovering financially is unlikely for many of them in this situation.'The workplace dilemma It's not a secret or surprise that caregiving responsibilities hinder career advancement. The work is unpredictable and not responsive to the demands of a 9 to 5 job. As a result, many workers find themselves forced to make career changes. Working caregivers say they are willing to change jobs for better caregiving support — even if it requires a career shift, doing less meaningful work, or relocating, according to a recent SHRM report. Caregivers are often hesitant to even disclose their caregiver status, fearing stigma or negative repercussions in the workplace. 'Caregiving has emerged as one of the most defining challenges facing families, and one of the most disruptive forces shaping the modern workforce,' said Lindsay Jurist-Rosner, CEO and founder of Wellthy, a firm that provides caregiving support through its partnerships with employers, health plans and insurance carriers. I can relate. When I was self-employed a few years ago, I cared for my 91-year-old mother with dementia in my home. I hung by a thread trying to get work done before she awoke for the day. The stress and responsibility were overwhelming. I never told my clients what I was dealing with on a daily basis. I just put my head down and did my work. 'The cost, complexity, and emotional weight of care has only grown, with employees navigating longer lifespans for loved ones, rising care expenses, and increasingly intense responsibilities,' Jusrist-Rosner said. 'Its impact is deeply personal, yet profoundly structural, and it's becoming universal for nearly every employee and every family.' Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist and the author of 14 books, including the forthcoming "Retirement Bites: A Gen X Guide to Securing Your Financial Future," "In Control at 50+: How to Succeed in the New World of Work," and "Never Too Old to Get Rich." Follow her on Bluesky. Sign up for the Mind Your Money newsletter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store