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To: Wally Mastroly who wrote (6632)	7/7/1999 3:18:00 PM
From: Wally Mastroly	Respond to of 15132

Greeshades Watch biz.yahoo.com - WASHINGTON, July 7 (Reuters) - Federal Reserve Chairman Alan Greenspan will deliver his Humphrey-Hawkins testimony to the House Banking Committee on July 22, a committee spokesman said on Wednesday. The Senate Banking committee said it did not yet have a date for Greenspan's testimony, but the Fed Chairman will testify first to the House of Representatives and then to the Senate.

To: Wally Mastroly who wrote (6632)	7/7/1999 3:59:00 PM
From: Wally Mastroly	Respond to of 15132

Re: "..cost reductions..." = job cuts : NEW YORK, July 7 (Reuters) - U.S. job cut announcements soared to a total of 63,397 in June, 15 percent ahead of both May's total of 55,231 layoffs, and the 54,914 cuts recorded in June 1998, Challenger, Gray & Christmas Inc. said on Wednesday. The international outplacement firm said job cuts in the first half of 1999 are already 42 percent ahead of the same period of 1998, the largest downsizing year of the decade. June marked the fifteenth consecutive month the layoff total was higher than the same month in the previous year, more than triple the prior record of a four month run from November 1997 to February 1998. June's figures also marked the tenth month in a row the job-cut total exceeded 50,000, the report added. Over the past 10 years, U.S. corporations have announced more than five million job cuts, with the number of layoffs finally pushed over the five million mark in June, Challenger said. biz.yahoo.com