Americano
Oct 22nd 2008, 12:06 PM
So far it looks like third-quarter profits are booming for all 'defense' companies, big pharma, big oil and big ag while those unfortunate companies without public subsidies and/or massive tax breaks are struggling.
Archer-Daniels-Midland Co. (big ag) said its third-quarter fiscal profits were 42% above same period last year. As the largest US subsidized grain and ethanol producer, the sky's the limit if one has its hand in Washington's pocket. As mentioned in another thread he US is also....a net food importer.
Archer-Daniels-Midland Co. (big ag) said its third-quarter fiscal profits were 42% above same period last year. As the largest US subsidized grain and ethanol producer, the sky's the limit if one has its hand in Washington's pocket. As mentioned in another thread he US is also....a net food importer.