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<IMG src="http://www.truthdig.com/images/masthead_newsletter.gif"><p> Hi, <p> I read this on Truthdig and thought you would find it interesting. <p> =-=-=-=-=-=-=<br> What Else Is New? Economy Slumps, Oil Profits Surge <p>Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, <a href="http://www.forbes.com/markets/2008/07/31/briefing-midday-exxon-markets-econ-cx_ss_0731markets20.html" title="the Commerce Department announced">the Commerce Department has announced</a>, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter <i>ever</i>. In fact, <a href="http://www.nytimes.com/2008/08/01/business/01oil.html?src=linkedin" title="reports the NYT">reports the NYT</a>, “It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute.” </p> <p><a href="http://www.truthdig.com/eartotheground/item/39080731_what_else_is_new_economy_slumps_oil_profits_surge/">http://www.truthdig.com/eartotheground/item/39080731_what_else_is_new_economy_slumps_oil_profits_surge/</a> <p> Copyright © 2008 Truthdig, L.L.C. All rights reserved.<br> =-=-=-=-=-=-=<br> This is a one-time mailing from Truthdig, (<a href="http://www.truthdig.com/">www.truthdig.com</a>) on behalf of the sender.<br> Please report any misuse to webmaster-at-truthdig.com <IMG src="http://www.truthdig.com/images/masthead_newsletter.gif"><p> Hi, <p>I read this on Truthdig and thought you would find it interesting. <p> =-=-=-=-=-=-=<br> What Else Is New? Economy Slumps, Oil Profits Surge <p>Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, <a href="http://www.forbes.com/markets/2008/07/31/briefing-midday-exxon-markets-econ-cx_ss_0731markets20.html" title="the Commerce Department announced">the Commerce Department has announced</a>, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter <i>ever</i>. In fact, <a href="http://www.nytimes.com/2008/08/01/business/01oil.html?src=linkedin" title="reports the NYT">reports the NYT</a>, “It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute.” </p> <p><a href="http://www.truthdig.com/eartotheground/item/39080731_what_else_is_new_economy_slumps_oil_profits_surge/">http://www.truthdig.com/eartotheground/item/39080731_what_else_is_new_economy_slumps_oil_profits_surge/</a> <p> Copyright © 2008 Truthdig, L.L.C. All rights reserved.<br> =-=-=-=-=-=-=<br> This is a one-time mailing from Truthdig, (<a href="http://www.truthdig.com/">www.truthdig.com</a>) on behalf of the sender.<br> Please report any misuse to webmaster-at-truthdig.com