Feb 23 2009
KPFK Fund Drive Day 18 – Crude Impact and the Tyranny of Oil (Rebroadcast)
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Despite the fact that most industries across the board are feeling the impact of the recession, the oil industry has so far remained more or less immune. Oil giant Exxon-Mobil posted a net profit of $45.2 billion for all of 2008. Still, the fall in oil prices from last year has …
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New data from the Labor Department showed this morning that the number of people continuing to claim jobless benefits rose to a new record high in early February. The Federal Reserve in the mean time, released projections of the economy growing in the long term, but in the short term, this …
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