Net Worth Update for May
So my savings went down by $3110 to $20,610, entirely due to our income tax bill. Hopefully we’ll be able to build that back up quickly since I want 30k by the year’s end. When I get that $1500 stimulus check, you can guess where that’s going to go.
Surprisingly, my retirement account rose by $6,662! Wow.
See my updated net worth chart here.
OK, now check out these interesting articles:
- Could the recession be as bad as the great depression? (could this article be fear-mongering)
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Agricultural companies are currently making huge profits, while many people are starving. What is wrong with this picture?
Monsanto last month reported that its net income for the three months up to the end of February this year had more than doubled over the same period in 2007, from $543m (£275m) to $1.12 billion. Its profits increased from $1.44 billion to $2.22 billion.Cargill’s net earnings soared by 86 per cent from $553m to $1.030 billion over the same three months. And Archer Daniels Midland, one of the world’s largest agricultural processors of soy, corn and wheat, increased its net earnings by 42 per cent in the first three months of this year from $363m to $517m. The operating profit of its grains merchandising and handling operations jumped 16-fold from $21m to $341m.

