The nation’s banks are reporting record profits, according to new numbers out Wednesday from the Federal Deposit Insurance Corporation (FDIC). Most of the rest of us aren’t faring quite so well. Bank profits topped $40.3 billion in the first three months of the year, according to the FDIC, attesting to a strong recovery… in the…
Tag: profit
How the Gun Industry Got Rich Stoking Fear About Obama
According to the National Shooting Sports Foundation—a trade association for the country’s gun and ammunition manufacturers, importers, wholesalers and retailers as well as its shooting ranges—the American firearms industry employed more than 98,000 people last year and generated an overall economic impact of $31.8 billion. The industry’s employment rate is up 31 percent since 2008….
Amer. Cancer Society Chief: ‘The System Really Is Not Failing … Failure Is The System’
When I hear the politicians talk about death panels and rationing, we need to be talking about rational use of medicine. Not rationing but rational. And unfortunately that is not happening in the United States. There is this drug called Prilosec. Suppresses acid in the stomach. Great drug. AstraZeneca only had one problem. Eighteen-year patent….
Big Oil’s Mighty First-Quarter Profits
Together the big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell—earned a combined $33.5 billion, or $368 million per day, during the first quarter of 2012. Recall that these companies made a combined record profit of $137 billion in 2011, mostly due to high oil and gasoline prices. Their ongoing huge earnings mean that these…
BP Made $3 Million An Hour In 2011, While Spill Victims Continued To Suffer
BP’s 2010 Gulf of Mexico spill is still a recent memory for many Americans, particularly the tens of thousands that have not settled lawsuits with the company. Yet the company has bounced back from the billions it lost in the wake of the spill. BP announced today that its 2011 profit totaled $26 billion, a…
Shell More Than Doubles Profits To $7 Billion
Royal Dutch Shell announced their 2011 third-quarter earnings, reporting profits of $6.98 billion, more than double their profits posted a year ago, bringing their total profits for 2011 to over $21 billion. Below is a quick look at Shell by the numbers: – Shell has spent nearly $8 million on lobbying in 2011, making it…