Gas

Another Record Profit For Exxon

Who Would Have Thunk It? Exxon Mobil made a profit of $14.83bn (£8.97bn) between July and September, smashing its own record for the highest quarterly profit by a US company. In the second quarter this year, when oil prices were still rising, the oil giant made a profit of $11.68bn. The new record represents a […]

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Stiglitz on The Great American Economy [must read]

VANITY FAIR Reversal of Fortune Describing how ideology, special-interest pressure, populist politics, and sheer incompetence have left the U.S. economy on life support, the author puts forth a clear, commonsense plan to reverse the Bush-era follies and regain America’s economic sanity. by Joseph E. Stiglitz November 2008 When the American economy enters a downturn, you […]

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