Here's just a small sample. NBC/MSNBC is owned by GE. Look how wonderful things have been with the Bush administration at the helm.
ALL of the other media are part of corporate conglomerates. Why would they attack the very people who are bringing them record-breaking profits and run roughshod over the interests of the people.
Tax breaks help lift GE profits by 18%
By Dan Roberts in New York
Published: January 21 2005 12:50 | Last updated: January 21 2005 19:01
general electricGeneral Electric, the world's biggest company by market value, reported an 18 per cent jump in net earnings on Friday thanks, in part, to a sharp fall in its expected tax bill.
A series of legal changes and court victories has left GE with one of the lowest tax rates in corporate America.
news.ft.com/cms/s/04b24e64-6baa-11d9-94dc-00000e2511c8.html
GE's profits rose 3% to $3.9 billion, while sales jumped 11% to $37 billion - its biggest sales gain in nearly four years.
The results beat analysts' estimates and sent the stock up 47 cents to close yesterday at $32.17.
In a clear sign the economy is on the mend, nearly all of GE's businesses, from health care, to finance to industrial sales, posted double digit profit gains.
The company, because of the breadth of its operations and the number of industries where it is a leading player, is considered to be the best single proxy for the American economy. GE said it expects to achieve earnings growth of 10% to 15% next year.
One of the biggest GE winners in the quarter was its transportation division, with profits up 18% as demand grew for jet engines, spare engine parts, and locomotives.
http://www.nydailynews.com/business/story/210856p-18166...