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Boom, Crash…and Silence

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Friday, March 25, 2005

Food for Oil, food for thought

On average, every individual in American spent over 30 thousand dollars in 2002 for housing, food, healthcare, transportation and entertainment, yes entertainment. Over 32 percent of Americans earn less than 20 thousand a year!!! A report by an independent think-tank lists the companies most likely to benefit directly from this spending spree: GE, Microsoft, Exxon-Mobil, Pfizer, Wal-Mart, Citigroup, Johnson & Johnson and AIG. Interestingly, Business Week lists the top 10 companies in the world and it goes like this: GE, Microsoft, Exxon-Mobil, Pfizer, Wal-Mart, Citigroup, Johnson & Johnson, Royal Dutch Petroleum, British Petroleum and AIG.
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