The Commerce Department had to "restate earnings" itself this past week. The announced level of before-tax profits by US nonfinancial corporations was at least 10% too high in 1999 and 2000 and that amount rose to 30% during the 2000 Presidential Election campaign.
Slashdot Mirror
In fact the US Goverment has been doing it, too.
The Commerce Department had to "restate earnings" itself this past week. The announced level of before-tax profits by US nonfinancial corporations was at least 10% too high in 1999 and 2000 and that amount rose to 30% during the 2000 Presidential Election campaign.
See Robert Novak's column of August 8, 2002 here.
BH