To the Point
Despite Down Economy, Corporate Profits Make Historic Gains
After the worst recession since the Great Depression, and despite an agonizingly slow recovery, 2010 corporate profits grew by 36.8 percent, the biggest gain since 1950. Fast-growing profits would seem to contradict all the signs of an underperforming economy, especially an unemployment rate of 8.9 percent.
By Warren Olney • • 1 min readAfter the worst recession since the Great Depression, and despite an agonizingly slow recovery, 2010 corporate profits grew by 36.8 percent, the biggest gain since 1950. Fast-growing profits would seem to contradict all the signs of an underperforming economy, especially an unemployment rate of 8.9 percent. The US Chamber of Commerce says it's all about "economic anomalies." Kevin Hall is National Economics Correspondent for the McClatchy Newspapers.
The full episode
3 of 3
America Looks in the Mirror with 2010 Census Data- 0:00Radioactive Water from Japan's Nuclear Plant Threatens to Spill into Sea
- 7:482010 Census: How Do We Look Now and in the Future?
- 43:27Despite Down Economy, Corporate Profits Make Historic GainsYou’re reading this
The full episode
3 of 3America Looks in the Mirror with 2010 Census Data- 0:00Radioactive Water from Japan's Nuclear Plant Threatens to Spill into Sea
- 7:482010 Census: How Do We Look Now and in the Future?
- 43:27Despite Down Economy, Corporate Profits Make Historic GainsYou’re reading this