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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Les H who wrote (211543)	12/27/2002 11:49:19 AM
From: Les H	Read Replies (2) of 436258

The economics of glut Photo -------------------------------------------------------------------------------- Hundreds of airplanes are parked at an airport in the Mojave Desert. The slumping economy and the Sept. 11 attacks caused airlines to put more unused planes in storage. (Tribune photo by Pete Souza) Graphic -------------------------------------------------------------------------------- Abundance of cheap imports hurts economy December 16, 2002 U.S. close to first deflation since the Great Depression December 17, 2002 Companies hesitant to invest December 18, 2002 Video -------------------------------------------------------------------------------- Tribune senior correspondent William Neikirk talks with WGN's Alison Payne and Steve Sanders about the U.S. economy RealVideo Businesses can produce far more than we need. Supply has simply outstripped demand. When that happens, production slows, equipment sits idle, costs go up, workers are laid off and investments are postponed. The capacity glut exists on a scale that this country and many others haven't seen for decades, and it at least partially explains why it is so difficult for the American economy to shake off a recession that by all measures seemed mild. more at the link below: chicagotribune.com World's auto industry can produce 20 million more cars than people can buy chicagotribune.com

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