Chevron profit doubles, Americans get poorer
NEW YORK -- MarketWatch reports that Chevron Corp. [: cvx] recently indicated that its third-quarter profit doubled to $7.8 billion, or $3.92 a share, from $3.8 billion, or $1.87 a share, in the year-ago period. Revenue increased to $64.4 billion, from $49.7 billion, on higher crude oil prices. Net oil equivalent production fell by 109,000 barrels per day to 1.94 million barrels a day. Wall Street analysts expected the San Ramon, Calif.-based component of the 30-stock Dow Jones Industrial Average DJIA -1.37% to earn $3.47 a share on revenue of $70.4 billion, according to a survey by FactSet Research. "We had another successful quarter," said Chairman and CEO John Watson.
While 46 million people are on food stamps. The other sign of rampant poverty is the outbreak of homeless people making new homes in makeshift shelters in forests around the nation.
The sad thing is most people go about their daily lives not even knowing this happening. Tens of thousands of people shop in the Brick shopping plaza on a daily basis oblivious to the struggles and plights of their fellow Americans about one mile away.
Even sadder is instead of helping these people out, NJ has fought all the way to the supreme court to force these people to leave this location.
The government, in fact, has been fighting for 4 years to force these people to be removed.
Internet site reference: http://blog.alexanderhiggins.com/2011/08/06/46-million-americans-live-food-stamps-homeless-tent-city-camp-spring-nationwide-50401/