Big Oil sets records. Umemployment highest in 5 years

By GottaLaff

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Exxon has record profit again on soaring oil prices 31 Jul 2008 Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company. Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1.83 a share, last year. Exxon -- the world's largest publicly traded company -- previously set the high-water mark for quarterly earnings in the fourth quarter of last year, when it brought in $11.66 billion.

Royal Dutch Shell reports 33% rise in profit -- Shell's earnings surpass $11.5 billion 31 Jul 2008 Royal Dutch Shell became the second oil explorer to top the $10 billion mark for earnings in a single quarter, with its second-quarter profit rising 33% to $11.56 billion. Royal Dutch Shell, Europe's largest oil company, reported a 33 percent increase in second-quarter profit Thursday, helped by a higher oil price even as production declined.

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July 31 (Bloomberg) -- The number of Americans filing first-time claims for unemployment benefits unexpectedly rose last week, reaching the highest level in more than five years.

Initial jobless claims increased by 44,000 to 448,000 in the week ended July 26, from a revised 404,000 the prior week, the Labor Department said today in Washington. Economists in a Bloomberg survey had forecast a drop in claims. The total number of people on benefit rolls rose to the most since December 2003.

But that's not important now. What is important is comparing Barack Obama to Britney Spears.