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To: pater tenebrarum who wrote (106025)	6/1/2001 5:08:46 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

Have you seen anything that talks about how much of their savings is here vs. over there? And perhaps any indication of how much money borrowed over there leaves the country to come here?

To: pater tenebrarum who wrote (106025)	6/2/2001 12:04:54 AM
From: Ken98	Read Replies (2) \| Respond to of 436258

<<Austin sours High-tech hotbed's building boom hits wall during slowdown 06/01/2001 By Steve Brown / The Dallas Morning News AUSTIN – Trammell Crow Co. usually doesn't make headlines for deciding not to develop a building. But when the real estate developer halted construction in April on a north Austin office project, the local media and city leaders took notice. "I'm sure our decision surprised some people, but we figured it was not the time to be developing a speculative building," said Crow Co. vice president Chad Marsh. "Until we see that tenant demand has come back, we're not finishing that building." Crow Co.'s experience has become all too common in Austin, which has born the brunt of Texas' high-tech shakeout. Since the first of the year, employers have cut almost 13,000 jobs in the Austin area – many of them at Internet and computer-related companies. [...] Counting sublease space, some brokers say Austin's office vacancy is approaching 20 percent. "By some accounts sublease office space is up to 2 million square feet," said John Childers, a principal with Austin real estate broker Colliers Oxford Commercial. "The cutbacks by major corporate employers have had a real psychological impact on the market. [...]>> dallasnews.com Just another example (as if anyone around here needed one)of the very real consequences of a bubble, gone bad.