BP’s Still Making Bank

Photo by mechanikat, <a href="http://www.flickr.com/photos/mechanikat/2540128864/sizes/m/in/photostream/">via Flickr</a>.

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Looks like the past year hasn’t been so bad after all for BP, which today reported a 16 percent increase in profits over the first quarter of 2010. The company reported $7.2 billion in net earnings—compared to $6.2 billion for the first three months of last year.

The company sold off a bunch of assets in order to pay for the Gulf oil disaster, which is how they managed to keep the profits up. BP also hasn’t been drilling in the deepwater since that whole giant oil catastrophe it unleashed last year. But to still report an increase in income is, well…let’s just say I have a hard time feeling too bad for them because their profits weren’t as high as they could have been.

Never fear though, as the company says it expects to be back out drilling in the Gulf by the second quarter of this year.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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