Links and News [2008.02.04]

• Democracy Now! | Ralph Nader Launches Presidential Exploratory Committee to Mull ‘08 Run

  The same day John Edwards exited the race, longtime consumer advocate Ralph Nader launched a presidential exploratory committee to decide whether to run as an independent candidate.

  (tags: elections)

• Exxon Mobil Profit Sets Record Again - NYT

  The company reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent to $40.6 billion, thanks to surging oil prices. The company’s sales, more than $404 billion, exceeded the gross domestic product of 120 countries.

  (tags: news)

• Massachusetts Accuses Merrill of Fraud - NYT

  William Galvin, the Massachusetts secretary of state, filed a civil fraud complaint against Merrill a day after the firm took the unusual step of agreeing to reimburse Springfield for losses on the investments.

  (tags: news)

• AlterNet: Obama Is Sub-Prime on Lending Crisis

  As the subprime mortgage debacle drives a recession that threatens financial markets around the world, the Democratic presidential candidates are pushing plans to address the crisis. John Edwards and Hillary Clinton are pledging substantial federal resources to stabilize the mortgage market and intervene on behalf of borrowers. Barack Obama’s proposal is tepid by comparison, short on aggressive government involvement and infused with conservative rhetoric about fiscal responsibility. As he has done on domestic issues like healthcare, job creation and energy policy, Obama is staking out a position to the right of not only populist Edwards but Clinton as well.

  (tags: Obama)

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