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To: JungleInvestor who wrote (62110)	12/20/2000 11:56:22 AM
From: Ahda	Respond to of 116892

"There is no Santa Claus and there’s no quick fix for a debt-laden economy whose profligate consumers saved the world and a central bank that insisted upon postponing the inevitable," William Meehan, Cantor Fitzgerald's chief market strategist said in a note to clients today. "Simply put, the Fed Head conveniently bought the 'New Era' nonsense and preferred to cede his power to 'millions of well-informed investors.'" Dividend cut contemplated For the first time in its history, AT&T (T: -1.00, 19.56) might decide today to cut its dividend, according to the Wall Street Journal. The cut could run as deep as 77 percent -- down, in plainer terms, to 20 cents a share from 88 cents a share. Pressured by a sharply reduced share price, down 59 percent year to date, and mounting debts -- $62 billion with another $3 billion in annual interest charges -- AT&T is looking for ways to save money. About a month ago, AT&T said it planned to sell up to $25 billion of its assets to ease its debtload. Well i think it is clear. I am not Hutch but debt is too great all over the place in this USA of ours. Why someone did not manage the dollars but the rates. Paper service and all the plastic cards are burnt out Whoops.