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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (31759)8/28/1998 5:01:00 PM
From: Joseph G.  Read Replies (1) of 132070
 
<<Second quarter gross domestic product data released Thursday by the U.S. government showed corporate profits, on a pretax basis, were up 0.5 percent from the same period last year. But on an after-tax basis, government figures -- which do not necessarily correspond to the operating results tracked by most analysts -- showed net income fell 1.5 percent year on year, in what analysts said was the first decline in this business cycle.>> [*]

[*] this business cycle started in March, 1992.
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