đź›’ The Walmart effect

this is Shades of the Day — bringing you different shades of opinion in news & culture so that you can see the big picture quickly. We believe that seeing multiple POVs is the best way to stay informed.

It’s Saturday, December 28 — here’s what you’ll find in today’s edition:

  • Another South Korean impeachment

  • The phenomenon of Americans tuning out politics

  • The Walmart effect

  • 6 quick hits of news from the last 24 hours

Another South Korean impeachment

The South Korean President Han Duck-soo was impeached just weeks after previous President Yoon Suk Yeol. The NYT says the decision forces the country to face its deepest political crisis yet: South Korea's left leaderless, undermining its global standing amidst North Korea's nuclear threats.

@Dwnews says the ousting signals major unrest: The event sparked chaos and heated protests in South Korea. See video of South Korea's parliament after the ouster here.

NBC says the ruling People’s Power Party slammed the move: They accused parliament of “tyranny”. Other critics of the decision say the unrest makes the country vulnerable to North Korean aggression.

Still, this Redditor says the move was a powerful political statement: Seems like South Korea is going to continue to impeach their president until one of them approves the National Assembly's appointed judges.

Americans tuning out politics

APNews says Americans are tuning out politics in droves after the 2024 election. Polling shows that political broadcasting from the likes of CNN and MSNBC have lost half their viewers.

According to the Independent, the burnout is real. The AP poll shows 68% of folks have felt the need to limit their consumption of political media since Trump won the presidency.

LA Times adds that the fatigue spans parties: About 7 in 10 Dems and 6 in 10 Republicans felt the need to take a break.

For what it's worth, AOL says the phenom isn't totally new: Historically, cable networks see viewership changes post-election. Post-2016, MSNBC saw a similar viewership slump.

The Walmart effect

Walmart is the largest private employer and retailer in the country. But the Atlantic says the stores don't tend to have a positive impact on its surrounding community: Research on “The Walmart effect” suggests new stores decrease household income and increase poverty rates.

A Press Herald Op also leaned into the negative: The Walmart effect is devastating. The stores drain profits away from local businesses, effectively squeezing the middle class.

But on the flip side, Investopedia says the Walmart effect isn't all bad: Walmart pressures its suppliers to preserve the chain's lower prices, driving inflated prices down.

Business News Daily says it's a mixed bag: The chain's convenience factor and low prices are a boon for consumers. . . but the stores bring down wages and sales for locals.

For what it's worth, this Redditor says the Walmart effect isn't actually unique to just Walmart: It's a “microcosm of America” -- plenty of other chains outsource labor to keep their prices down, often at the expense of locals' paychecks.

1) Kate Middleton, Princess of Wales, shared a rare comment on her cancer journey after attending the royal family's Christmas Day service at Sandringham.

2) Finland seized the ship Eagle S after its anchor possibly damaged critical undersea lines, raising fears of sabotage.

3) Yahoo reports that Musk silences critics by removing verification badges from pro-Trump users like Gavin Wax and InfoWars host Owen Shroyer.

4) CBS Sports legend Greg Gumbel leaves an incredible legacy after passing away at 78, highlighted by his pioneering career including calling Super Bowl XXXV.

5) Photos from Azerbaijan jet crash suggest missile strike, with experts and survivor accounts hinting at Russian involvement.

6) Disturbing footage shows prison officers fatally beating inmate Robert Brooks at Marcy Correctional Facility.