From the business world - Halliburton, Clear Channel

[NewJeffCT]

This is from Fortune, in their list of the Fortune 500:

Company 101, Halliburton, reported a net loss of $979 million on over $20 billion in revenues. Keep up the good work, guys! What would happen if you actually had to bid for contracts?

Company 179, DirectTV Group (owned by Rupert Murdoch, I think?), reported a net loss of $1.95 billion on $11.9 billion in revenues.

Company 239, Clear Channel, reported a net loss of over $4 billion on revenues of $9.4 billion. A few more years like this and DU can have a quarterly donation drive to buy them out...

Of course, all of this is offset by ExxonMobil reporting a net profit of $25.3 billion, an all-time record in world history.

[htuttle]

1. How do you lose money on a cost-plus contract?

You just hire Meyer Lansky to do your books, that's how.

[SpiralHawk]

2. But on the bright side, they won't have to pay any taxes

And with Republican leadership you and I and the other taxpaying citizens of the country can pick up the slack by chipping in with our tax dollars to give them some fatass subsidies, or whatever.

Big BushCo loves you.