During the coverage of this mess, we have heard the outrageous prices people paid for these hookers. Some were $55,000 a weekend. Think of that. What other industry can make profits like that? America’s self righteousness is costing us a fortune. If prostitution was legal, think of how much revenue that would generate the government. […]
John Roberts proves who he is worried about – corporations: Exxon Mobil, the giant oil corporation appearing before the Supreme Court yesterday, had earned a profit of nearly $40 billion in 2006, the largest ever reported by a U.S. company — but that’s not what bothered Roberts. What bothered the chief justice was that Exxon […]
17,000 jobs lost in January. Wow: The economy lost 17,000 jobs in January, the Labor Department reported on Friday, an unexpected decline that marks the most striking evidence yet that the United States may be slipping into a recession. But don’t let that bad news get you down. Exxon has set another record profit year: […]
More signs that our economy is in trouble. Fears that America’s credit crisis is spilling over to hit consumer spending were fuelled yesterday after Tiffany, the upmarket jeweller, gave warning that sales over the Christmas period had fallen. Shares in Tiffany plunged by more than 10 per cent after it admitted that like-for-like sales during […]
It looks like some of the larger ISPs in the country are looking at ways to filter content to their subscribers in order to fight copyright infringements. It would be nice if we had an FCC that cared about consumer rights instead of corporate America’s profits.
I mean they are suffering so much. Last year they only made mere billions in profit: Senate Republicans blocked a broad energy bill Thursday because it included billions of dollars in new taxes on the biggest oil companies. Democratic leaders fell one vote short, 59-40, in getting the 60 votes needed to overcome a GOP […]
This is a rather odd turn of events in the entire lead paint fiasco: U.S.-based toy giant Mattel Inc. issued an extraordinary apology to China on Friday over the recall of Chinese-made toys, taking the blame for design flaws and saying it had recalled more lead-tainted toys than justified. The gesture by Thomas A. Debrowski, […]
For those that just think the high prices at the pump are a simple case of economical supply and demand, a new memo has surfaced that might open your eyes a little more: A Chevron memo is raising suspicion that oil executives intentionally reduced refining capacity in an effort to boost profits. The 1995 memo, […]
Exxon has posted a 75% in their quartirly profits taking them to almost $10 billion. True our government does not show favoritism to the oil industry.
The Boston Herald reports today that Exxon is expected to make more than $10 billion in profits for this quarter. Kind of nice for a company that has not felt the crunch of Hurricane Katrina like all other Americans are. Oil companies came under new fire yesterday when it emerged that ExxonMobil’s profits are likely […]