Profits and propositions in a MultiCultClassics Monologue…
• Philip Morris reported 3Q profits puffed up 20.6 percent. Mickey D’s reported 3Q profits super-sized 11 percent. Now, if these corporations were to introduce the McMarlboro Cigarette Sandwich, they would probably rule the Earth.
• Wachovia reported 3Q losses at $24 billion. Shareholders will soon be eating at McDonald’s and bumming cigarettes from their peers.
• San Francisco is considering decriminalizing prostitution. Proposition K goes before voters next month, and the measure would prohibit local cops from investigating, arresting or prosecuting people for selling sex not involving minors. If successful, look for Wachovia to offer new banking services.
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