Corporate America Reports Record Profits
New government data show U.S. corporations made record profits in the third quarter, earning at an annual rate of more than $1.6 trillion. That’s the highest figure since the government began keeping track 60 years ago. Overall corporate earnings are up 28 percent from the same time last year. Companies, however, have not been using the record profits to hire more workers. The Federal Reserve is predicting that the nation’s official unemployment rate will remain over nine percent for at least another year.
Bike Plan Approved by City Council
The Los Angeles City Council approved a new bike master plan that would potentially make the city much more bike-friendly. The plan calls for 1,680 miles of interconnected bike paths (compared to 378 miles right now), with about 200 new miles being created every five years for 35 years, and it also includes a safety campaigns to educate drivers about sharing the streets with cyclists.
Anti-N plant stir in India more than 200 day
The dharna and protest by the Gorakhpur village against the proposed nuclear power plant on Wednesday entered the 200th day. Under the leadership of Kisan Sangharsh Samiti president Hans Raj Siwach dharna against the proposed Nuclear Power Corporation of India Limited (NPCIL) is being staged outside of the mini-secretariat here in Fatehabad. “The government issued notice to us for acquisition of our land, but we won’t let them take it away for nuclear power plant,” Siwach said. A few farmers from Gorakhpur met Haryana Power Generation Corporation Limited (HPGCL) Managing Director Sanjeev Kaushal seeking revocation of notices on January 28.