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To: pater tenebrarum who wrote (14286)	8/28/2000 5:09:38 PM
From: chic_hearne	Read Replies (1) \| Respond to of 436258

Re: internet advertising doesn't work, any model based on it is doomed to eventually fail. heinz, I had an interesting conversation last weekend with a guy I know in advertising. He said the problem with Inut advertising is the growth. For example, in TV or print, there's a finite amount of space and you just fill it up at a higher price as demand goes up. In Inut advertising, page views are doubling every 6 months or something like that and advertising spending isn't keeping up. He said that Inut ad spending is booming at his place, but it's not keeping up with demand so it's getting cheaper. Personally, I just think the stuff is ineffective. But I see TV and print as ineffective also.

To: pater tenebrarum who wrote (14286)	8/28/2000 5:19:46 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Personal savings rate in U.S. hits record low (-0.2%) interactive.wsj.com August 28, 2000 Consumer Spending Rose 0.6% in July, Outpacing Growth in Personal Income A WSJ.COM News Roundup WASHINGTON -- Incomes rose modestly in July but spending increased twice as fast, sending the personal savings rate to a record monthly low. Personal spending rose 0.6%, the Commerce Department said Monday. The gain was slightly faster than the 0.5% expected by economists surveyed by Thomson Global Markets. The gain was the biggest jump in five months. At the same time, personal income, which includes wages, interest and government benefits, grew only 0.3% last month, matching estimates. Disposable income, which is the income left after taxes, also rose 0.3% in July, matching the gain posted the month before. In June, income and spending each grew by 0.4%. The June advance in spending was revised downward from the 0.5% previously estimated. Savings Rate Hits Record Low With growth in spending outpacing income growth, consumers made up the difference by tapping into savings or by borrowing. The personal savings rate, which is savings as a percentage of after-tax income, fell to minus 0.2% in July, the lowest monthly rate since the Commerce Department began collecting data on savings. It was the first time the savings rate has been in negative territory since February. In June the rate stood at 0.1%. The savings rate may not provide an accurate picture of savings, economists have cautioned, because it doesn't take into account gains realized from such things as rising stocks and higher real-estate values. Spending on durable goods, or big-ticket items expected to last at least three years, jumped 0.8% in July. That followed a 0.1% drop in June. Spending on nondurable goods, such as food and fuel, grew by 0.5% last month, down from a 0.7% increase in June. The report follows Friday's announcement by the Commerce Department that showed consumer spending, which accounts for two-thirds of all economic activity, rose at a 2.9% annual rate in the April-June quarter, the slowest pace in three years. But the latest report suggests that consumers opened the third quarter by spending robustly. Monday's report contained benign inflation data. The chain-weighted price index for spending was up only 0.2%, following June's 0.3% increase. Tight Labor Market Separately, a survey conducted by Manpower Inc., the nation's largest outsourcing company, found that U.S. employers' hiring intentions for the fourth quarter are the strongest in the 25-year history of its quarterly Employment Outlook Survey. The fourth-quarter poll of around 16,000 firms showed that "32% plan employment increases, 7% expect decreases, 57% anticipate no change and 4% are uncertain." "The results herald the strongest year-end demand in the 25-year history of the poll; results for the entire year surpass anything seen previously," Manpower said.