Rising Hegemon
Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federal figures released on Friday...
Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.
Corporate profits steadily increased last year as companies continued holding onto record amounts of cash and other liquid assets while cutting costs, laying off workers and wringing more productivity -- defined as the amount of output that comes from an hour of work -- from remaining staff, even as the recession eased.
Let them eat Light Bulbs.
3 comments:
crapitalism is killing of the people, by the people, for the people .
I'm sure O'Blowme's DOJ is working hard on that ancient lawsuit to get fucking GE to get their fucking PCBs offa the bottom of the Hudson River.
Polychlorinated Biphenyls: it's what's for dinner.
And how about the bottom of Prince William Sound? Exxon posted enough profit in one quarter to pay the cleanup (except they didn't pay the fine...they paid off the judge who whittled it down to 1/10th the original judgment).
Eternal damnation would be too kind.
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