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11/23/2010 Corporate Profits Hit New Record, U.S. Workers Still Struggling
Happy days are back! During the summer months, corporations logged their biggest profits since the government started counting way back in the age of Elvis, and the economy expanded at a slightly faster pace than previously thought. Surely, when Caterpillar and Morgan Stanley are swimming in lucre, life must be getting more wonderful for everyone. Alas, no. Word that American businesses sucked in profits at an annualized pace of $1.66 trillion between July and September is certainly better than the alternative. Ditto, the wholly expected news that the economy grew faster than an initially reported 2 percent annual rate, reaching a still modest 2.5 percent. But none of this has translated into the sort of job growth that will be required to cut into an unemployment rate stuck at 9.6 percent. Worse, there is little reason to suspect it will anytime soon. We have been hearing for so long now that, once companies start making real money, they will feel the urge to expand. Then, they will hire lots of people, and we can stop worrying and resume shopping. Yet so far--this most recent quarter included--all we have gotten is an extended lesson in the modern workings of a stubbornly lean job market and a display of what now stands as American management's core competency: How to rack up profits and reward shareholders while keeping the cubicles empty. (Huffington Post)
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posted: 11/26/10                   0       15
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5/13/2010 CONTRACTS
Booz Allen & Hamilton, Inc., Herndon, Va., was awarded an $8,925,518 contract which will develop innovative cyber security capabilities and network defense for Air Force information systems. At this time, $164,682 has been obligated. 55 CONS/LGCD, Offutt Air Force Base, Neb., is the contracting activity (SP0700-98-D-4002, Delivery Order 0410). (US Department of Defense)
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posted: 10/13/10                   0       2
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keywords: Booz Allen Hamilton, Caterpillar Inc, Charpie-kortie, Colonial Assembly & Design, Cybersecurity, General Dynamics, Honeywell, Internet, Jacobs Engineering Group, James Talcott Construction, Lockheed Martin, Mcrae Industries, Military, Northrop Grumman Corp, Speegle Construction, Sysco, US Air Force, US Army, US Coast Guard, US Department Of Defense, United States, Walton Construction Company, Watts-weitz Add New Keyword To Link



7/6/2009 U.S. Stocks Drop, Extending Global Slide, as Commodities Slump
Analysts estimate profits at S&P 500 companies fell an average 34 percent in the second quarter and will decrease 21 percent from July through September after plunging about 60 percent in the year’s first three months (Bloomberg)
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posted: 7/6/09                   0       12
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7/3/2009 Noam Chomsky
Crisis and Hope: Theirs and Ours, June 12 (6 of 6) (Democracy Now)
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posted: 7/6/09      
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2/7/2009 IMF Says Advanced Economies Already in Depression (Update1)
Ten days ago, the IMF cut its world-growth estimate for this year to 0.5 percent, the weakest pace since World War II. Stimulus packages alone won’t succeed in dragging the global economy out of recession unless confidence is restored in the banking system, Strauss-Kahn said today. (Bloomberg)
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posted: 5/4/09                   3       16
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