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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Thursday, October 27, 2005

Exxon Mobil posts record U.S. profit (or, more fleecing of American consumers)

By Deepa Babington for Reuters:

Exxon Mobil Corp. on Thursday posted a quarterly profit of $9.9 billion, the largest in U.S. corporate history, as it raked in a bonanza from record oil and gas prices... Analysts have warned that record profits for Big Oil, at a time when consumers are paying sky-high prices for gasoline, could add to calls for a windfall profits tax or other penalties on oil companies.
Third-quarter net income at Exxon, the world's largest publicly traded oil company, rose to $9.92 billion, or $1.58 a share, from $5.68 billion, or 88 cents a share, a year earlier.

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