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To: Ahda who wrote (58431)	9/20/2000 2:50:38 PM
From: Rarebird	Read Replies (2) \| Respond to of 116779

Darleen, in this system, the rich get richer(unless they become Gold Bugs) and the poor stay poor or become poorer unless they get educated. It is possible for a person with little means to become rich if they invest it wisely. <My question becomes at what theoretical point do the working poor find working is not worth it> Fortunately, most poor people have self-respect so they don't go that route. The "Moral Majority" tries to make sure these people focus on their next life. But your point is well taken. There is inflation. But growth is stronger at the moment. I'm getting ready for the Al Gore Presidential Rally. If Greenspan begins to ease rates, a soft landing will follow. Equal opportunity does not mean equal distribution of wealth.

To: Ahda who wrote (58431)	3/8/2001 1:31:38 PM
From: long-gone	Read Replies (1) \| Respond to of 116779

I'm really shocked no one brought this to the table - All, See the First Line! Collapse of Japan - GULP! -: Thursday March 8, 9:53 am Eastern Time Japan Minister Issues Debt Warning TOKYO (AP) -- Japan's finance minister said Thursday that the burgeoning public debt has pushed the nation's finances to the verge of collapse. Kiichi Miyazawa's remarks in Parliament amounted to a public admission that the government can no longer afford attempts to spend itself out of an economic slump that is deepening again after some signs of recovery. Japan's finances are ``very close to collapsing,'' Miyazawa said. ``We need fundamental fiscal restructuring aimed at rebuilding our finances in the 21st century, looking 10, 20 years into the future,'' Miyazawa said. ``Not only measures to deal with reducing debt, but those to deal with taxes, local government finances and social security will be needed,'' Miyazawa said, offering no details. Analysts and many politicians have long warned that profligate spending to prop up the economy was unsustainable. But economic planners insisted that injections of funds were needed to boost the economy out of more than a decade of gloom. Miyazawa's comments reflected a new sense of urgency within the ruling coalition about the need to change course. Japan's public debt stands at more than $5.4 trillion, equivalent to 130 percent of gross domestic product. A government council on fiscal and economic policy is looking at ways to dig the government out of debt, Miyazawa said. Just weeks ago, U.S. credit rating agency Standard & Poor's downgraded Japan's debt rating from its top-notch status. At the time, Miyazawa criticized the S&P's decision and said he had ``absolutely no intention'' of changing fiscal policy because of it. Miyazawa's remarks Thursday drove the dollar to 120.02 yen in afternoon trading, up 0.78 yen from late Wednesday in Tokyo. The benchmark 225-issue Nikkei Stock Average closed down 73.33 points, or 0.57 percent, at 12,650.56. biz.yahoo.com