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To: TobagoJack who wrote (7286)	8/16/2001 10:41:18 PM
From: LLCF	Respond to of 74559

Message 16222643 DAK

To: TobagoJack who wrote (7286)	8/17/2001 12:29:32 AM
From: Ilaine	Read Replies (2) \| Respond to of 74559

Hi Jay - I think one of the things we can all agree on - can't we? - is that current (and recent) market conditions did not "cause" the current economic crisis. In other words, the crash didn't cause the recession, and the recession didn't cause the crash, exactly, either, did it?

To: TobagoJack who wrote (7286)	8/17/2001 1:32:27 AM
From: elmatador	Respond to of 74559

<<the best is to live in an environment of Euro socialism, without having to pay for it,>> elmat seems o be not that wrong afterall!

To: TobagoJack who wrote (7286)	8/17/2001 8:29:28 AM
From: Hawkmoon	Respond to of 74559

I can't disagree with you that European workers have more security than their American counterparts. But we purchase stock in profitable companies, and such profit is what drives capital inflows and outflows in the US economy. So during rough economic times, a corporation's ability to maintain productivity, through layoffs if necessary, is crucial to attracting capital. They hired these folks as the economy was surging, and corporations must have the ability to scale back on personnel costs. What needs to be advanced, are governmental retraining programs for dislocated workers, that prepare them to transition into new "careers". Have a company report where they are suffering shortages, and the government pays for the training of the personnel. They are starting to do this now, but it's still in an experimental phase that has a lot of obstacles and inefficiencies. However, boy o boy... would I ever like to have those 4-6 weeks of vacation during August as I hear the Germans take. But the smart money will bet on the more energetic economy everytime. Hawk