The mainstream media was excited last week about U.S. stocks hitting record highs. But what does that tell us? Only that U.S. corporations are getting more efficient at exploiting people. Their stocks go up when they lay people off; it's that simple. The media presents it as increased profits, but the cause is the same. Note that higher oil prices caused by political instability in oil-rich Nigeria also boosted stocks. That's not good news in the real world, but it was good news for Exxon-Mobil...
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Norris Hall |
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Residents of Baghdad's Adhamiya district demonstrate on Monday against a security wall enclosing their neighborhood. |
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©Robyn Wheeler |
Something unusual's rolling this way .... and it wasn't the bowls at Scarborough Bowling Clubs near Wollongong yesterday. |
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