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To: kapkan4u who wrote (27506)	2/5/2001 8:18:21 PM
From: fyodor_	Read Replies (1) \| Respond to of 275872

Kap: I think that the current US slowdown is going to expose the structural problems in Japan and Europe European companies are much, much sounder today than was the case 5-10 years ago. A lot of aggressive changes have been made at the management level and most countries have privatized a good portion of state activities. Sure, there's room for improvement, but I think Europe is actually fairly robust right now. B2B Iinternet use, for example, is almost as high in Europe as in the US. As I see it, the biggest disadvantage of Europe atm is the still not-quite-smooth flow of goods between countries. The EU aims to make this easier, but has not really been very successful yet. As an example, Denmark has managed to keep aluminum (and steel) cans illegal for beverages. All soft drinks, beer etc. are sold in bottles of various types. This is de facto protectionism (the object of the protection being, of course, Carlsberg - a large (private) Danish brewery). Regardless, Europe is in a much better state than Asia. Privatizations are much further along, and the reporting requirements imposed on publicly held companies are much more strict. -fyo

To: kapkan4u who wrote (27506)	2/5/2001 10:25:15 PM
From: Bill Jackson	Respond to of 275872

kapkan4u, The discovery of small pieces of what appear to be sky on the ground does not imply the sky is falling, instead it is construction debris. Bill