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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (164371)	7/25/2001 12:26:36 PM
From: ColtonGang	Read Replies (1) \| Respond to of 769667

Father and son now hold a common bond.......NEW YORK (CNNfn) - It's just about official: The second quarter was Corporate America's worst period for profits in a decade. With more than half the companies in the Standard & Poor's 500 index, or 290 firms, having released April-June results through Tuesday morning, earnings are down, on average, by 20.4 percent, according to earnings tracker First Call. That drop likely will mark the weakest performance since the second quarter of 1991, when profits tumbled 24.2 percent and the country was emerging from a recession. A slowdown in business spending, a strong dollar and rising energy prices took their toll on the 830 companies that warned second-quarter results would fall short.