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Profits at S&P 500 companies are expected to have increased 20 percent between October and December, Bloomberg News reports. It would make for the best fourth quarter since Bloomberg started keeping records in 1992.
Big companies got a boost from rock-bottom interest rates, which have allowed them to hoard cash rather than use it to add jobs. In the third quarter, the most recent period for which such data are available, companies increased their cash holdings 7.3 percent best since 1956.
Originally posted by thegoodearth
This makes me feel like a cog in a nicely oiled machine.
Or better yet, like a drone bee.
In a world like ours is right now, with so many people out of work, poor, at food banks and homeless shelters, in need... how can companies be so flush and doing so well?
With the tears, sweat, and blood of the poor, hungry, and oppressed people that they are exploiting...
I feel so disheartened right now, as I don't know what feasibly it will take to stop this mad machine of corporate greed from feeding off all the people it does.
www.huffingtonpost.com
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