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To: TobagoJack who wrote (6287)	7/26/2001 11:25:34 AM
From: smolejv@gmx.net	Respond to of 74559

re burger flippers, jay. Fact is a part of the workforce is flipping burgers (or something else) anyway, so its back to the familiar environment for them. Were it only for them, that would be a hiccup and a heartburn - we're all sort of overweight, are we not. The BIG problem is (of course) those workers that are core capital to the companies, to their community and, last but not least, to their families. One day, building the g*mn best switches in this whole world and next day having to sleep in - and better get used to it. Saw "Falling down" just last week. Again. Priming up (sg) dj

To: TobagoJack who wrote (6287)	7/26/2001 12:12:47 PM
From: westpacific	Read Replies (1) \| Respond to of 74559

Right Jay, were are these folks going to find work. Not like companies will be hiring until well into a recovery - and we know how far off that is. It reminds me of when we built the Blue Ridge Parkway here in America in the 1930s - just to put men to work and boost their confidence. The problem this time is can the government do the hiring when they are already bulging with over staffing themselves. Maybe they can come to work in China - helping build the infrastructure for the Olympics. Then again not sure they would be willing to work for .50 an hour - like so many Chinese that are so happy themselves to have a job. As Alan said last week, do away with the minimum wage - what do you think he was saying in this statement. He was saying that there is a massive amount of labor in the world that will work for whatever it takes to put food on their table. Oh how fat and lazy this country has become. Going to be a lot of pain before this is all over. Watch FNM - Fannie Mae, controls about 45% of all housing loans here in the US. This is the new indicator of were this economy is going. Since the next crack in the dyke will be the housing bubble, what with so many unable to pay the mortgage. All the best West

To: TobagoJack who wrote (6287)	7/27/2001 5:51:50 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

It is only early retirement JC and DJ. My friend at a big German telecom vendor has seen most of his older colleagues offered early retirement. At the age of 51 they are asked if they accept to retire ate 55. He has turned 50 and sees his time coming. Since his employer delivered bad results he suspects they will lower this early retirement age or come to the ones at 50 to ask if they want to retire early. Curiously, one of his colleagues actually is seeking early retirement, but he is denied on the grounds that it will be too costly. So there is a set of things to be found in the perfect candidate for early retirement, perhaps: performance, salary level, level of knowledge that can be ported to the outside world, level of training etc. I am a private contractor, so no one can fired me!!! Telecoms vendors are outsourcing non-core functions -and sending the old people in to early retirement- so tere is still some opportunities for guys like me.