Topic: Ebitda

The official unemployment rate's drop from 9.5% to 9.4% is questioned, as the U.S. still lost 250,000 jobs in the same period. The hosts explain that the number decreased because long-term unemployed individuals "fell off the rolls" and are no longer counted. They compare these misleading statistics to the corporate use of "EBITDA" to mask financial losses.

A comparison of news reports and official press releases for Iridium Satellite LLC reveals a sharp 83% drop in net income despite record subscriber growth and increased revenue. The company's public relations efforts emphasize resilience following a recent satellite collision, while financial data shows a significant plummet in quarterly earnings to $1.5 million.