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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (3877)	12/31/2001 3:25:21 PM
From: Ahda	Respond to of 24758

In the US several years one member of a family was able to provide sufficient income for the whole. This standard is no longer in existence partially due to choice but more and more i am finding it is not choice but necessity that dictates the two job working family. One could say in lower income earners there is a need of two jobs the upper income group finds it almost impossible to reduce work hours to become a stay at home parent. Our standard of life is now two adults working. We have there of reached max capacity earnings wise for one family. That leaves us with the option of adding more members to the work force in the unit, or we must increase the income of the two workers sustaining the unit or decrease the cost of living for the group. Technology does create reduced prices so that more items are available to all. However the trend of Corporate America in seeking lower costs elsewhere has now begun to migrate out of manufacturing into other areas of our economy this is clearly seen in the telemarketers from India. The assumption that the service industry will create jobs to fill the gap of closures elsewhere, to me, is now being questioned. CA projections were for a large percentage of our growth to come from telemarketing. The big five finds they are overrun with applicants applying for internships for the summer. If what i am hearing is true in CA the tech sector and the business sector have a surplus of applicants for limited job openings. The unions are able to negotiate wages increases for their employees. In many companies in the service area, wages have been frozen, if this initial freeze was in executive salaries the savings were not enough, so the solution has become to freeze all departments. Prior to the WTO disaster the airline industry was not profitable. . One would assume that multi culture and global business US would be traveling around the world. So why then can't the airlines make a profit? Does a profit require that we limit the operation of mechanics dept here and take all planned major overhauls to elsewhere? Or is it when we have focused to the extreme on destroying the competition and inadvertently lost sight of the financial condition of the company. I honestly question just how practical our applications of accounting procedures are. I do not believe creative accounting creates creative business. The factors behind creativity are many but the when they are basically those of paper service shuffle the fundamentals of hunger can get lost in the mess of numbers that are almost illusionary in concept. The difficulty in this is although it gives added time for success it vastly adds the possibility of too much debt that has now turned to area of risk equaling default. 12/30 22:23 Shanghai Air Posted $21 Mln Profit for 2001, Xinhua Says By Alice Yuan or ayuan@bloomberg.net Beijing, Dec.31 (Bloomberg) -- Shanghai Airlines Co., China's ninth-biggest carrier, posted 2001 net income of 170 million yuan ($21 million), the official Xinhua news agency reported, saying it rose without quantifying the improvement. Our interest rates are low enough so that if the possibility of generating wealth was strong enough the unemployment figures of those continuing to draw benefits would be decreasing . It is not happening. Wallmart has come in as the night in shining armor for the holiday season as many of the other retailers are struggling. Does this have anything to do with double income earners don't have time to shop and don't have surplus cash either. Net shopping has increased by 87 % that has to be tallied on a dollar base to see if it has displaced a significant amount of the earth based retail sales as 87 % can mean anything. We have increased unemployment in Dec would not the spirit of this season in itself due to increased sales more jobs? The CPI is a very limited gauge of inflation one example being a very large part of our income goes to non-medical insurance coverage. Prosperity is not in Kroger laying off but Kroger hiring this is the food business, we all eat. Without a doubt technology reduces costs and simplifies life my sons gave me a DVD player the darn thing is wonderful the cost was fractional compared to my VCR. There very well could be a new method to impregnate wood with plastic and there of it would become not palatable for termites. Technology however if jobs are scarce will find it has a limited market. Government stimulus has the added affect of increasing governments debt. Increased debt means inflation as you must create the funds to service the debt. Here we are in an era where there is no longer the safety factor of retirement in America. People who have worked for many large companies now find they face the future as consultants and the pension plan of said companies is not existent. Thus you have to prepare retirement for your self be it by means of an investment fund or be it the bleak reality of Social Security payments and increased government debt. If our companies are not aiding the US in growth , there will be few who are in the position to invest in anything. Taxation must be reduced internally as profits incentive factor because of high labor costs is not here. That incentive might have to include a disadvantage to doing business elsewhere. In Ca you have competition across the whole job market. In the upper income business service field you have numerous applicants coming out of school applying for the fewer service positions, in the lower service area you have numerous people looking for the same job at minimum wage pay. There is not an area i know of that competition is not fierce. From the movie industry to the cleaning service industry someone is snipping at your heels, profit is now being split into far more pots than it use to be. Ironically in the movie industry the low budget films can end up winning the awards. Creativity stems from lack of dollar funds not creative funding. What the fed should consider is that we are in a global economy and left alone a society will do what it has to, to survive. All additional funds do is creating inflation and make less costly societies appear beneficial to corporate profit. It behooves our system to not become exceedingly creative in accounting procedures as low budget films with maximum use of limited funds do win awards. What the Fed must not do is project to much on today figures of housing this as to me this is more of a cumulative affect of yesterdays wealth this affect of wealth Rome can attest to. Terribly long post, I feel we are in inflation that has already reduced the potential for any projections of an increase of economic growth.