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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (2185)	7/15/2002 5:03:13 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

<<...THE MARKET ISN'T CHEAP... The purpose of looking at the long-term charts isn't to scare anyone. Our main goal is to show that this market isn't cheap. In fact, it's still historically very high. We've expressed the view several times before that we believe the twenty-year bull cycle has ended. That means the current bear market could last longer -- and fall much further -- than most people realize. We don't know how low it can go. It's the direction that matters most -- not the actual numbers. The "head and shoulders" tops shown in the preceding charts is another warning that things could still get a lot worse. As the message is finally getting across to the public that this bear market is indeed different from those in the recent past, mutual fund redemptions are starting. Imagine what could happen when the public finally decides to start selling...>> gold-eagle.com Jw: Strap in and enjoy the ride since I don't think Bush (I mean Shrub) will be providing sound advice...Its capital preservation time...=)

To: Jim Willie CB who wrote (2185)	7/15/2002 5:20:02 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

<<...the combination of less pay and lengthy employment searches could hurt the sluggish economic recovery by slowing consumer spending, which accounts for two-thirds of the economy. ``If these typically higher-paid and higher-spending individuals are earning lower salaries, you can be assured that they are looking a lot closer at their spending habits,''...>> _____________________________________________ Job seekers face lower pay July 15, 2002 (Reuters) — About 25 percent of job seekers with the greatest earnings potential accepted positions in the second quarter that paid less than their previous jobs, according to a new study released Monday. Employment outplacement firm Challenger, Gray and Christmas said that figure was the worst since 1986, when it started tracking labor market movements for its quarterly job index survey. The job market was even grimmer than in the 2001 fourth quarter, when the economic fallout from the Sept. 11 attacks forced 23 percent of respondents to take lower paying jobs. This compared with only 9 percent in the second quarter last year. In addition, job searches lengthened to a record 3.6 months in the second quarter, from 2.1 months in the year-ago period, the firm said. ``Employers are in no rush to hire and apparently they are secure enough to believe they can find the talent they need for a lot less money,'' John Challenger, chief executive of the Chicago-based firm, said in a statement. The median salary of these mid- to high-level workers in their former positions was $70,000 a year, according to the survey of about 3,000 managers and executives around the country. Challenger said one way to cut down on time spent job hunting is by relocating to a more prosperous region. But the survey shows many people are not uprooting home and family for fear of getting laid off again. The index's relocation rate fell sharply to 12 percent in the second quarter from 17 percent in the year-ago period. Challenger said the combination of less pay and lengthy employment searches could hurt the sluggish economic recovery by slowing consumer spending, which accounts for two-thirds of the economy. ``If these typically higher-paid and higher-spending individuals are earning lower salaries, you can be assured that they are looking a lot closer at their spending habits,'' he said.

To: Jim Willie CB who wrote (2185)	7/15/2002 5:26:02 PM
From: CharlieChina	Read Replies (2) \| Respond to of 89467

Boo...http://www.siliconinvestor.com/readmsg.aspx?msgid=17740767

To: Jim Willie CB who wrote (2185)	7/15/2002 6:17:24 PM
From: SOROS	Read Replies (1) \| Respond to of 89467

FEMA Preparing for Mass Destruction Attacks on Cities John O. Edwards Monday, July 15, 2002 FEMA, the federal agency charged with disaster preparedness, is engaged in a crash effort to prepare for multiple mass destruction attacks on U.S. cities - including the creation of sprawling temporary cities to handle millions of displaced persons, NewsMax has learned. FEMA is readying for nuclear, biological and chemical attacks against U.S. cities, including the possibility of multiple attacks with mass destruction weapons. The agency has already notified vendors, contractors and consultants that it needs to be prepared to handle the logistics of aiding millions of displaced Americans who will flee from urban areas that may be attacked. The agency plans to create emergency, makeshift cities that could house hundreds of thousands, if not millions, of Americans who may have to flee their urban homes if their cities are attacked. Ominously, FEMA has been given a deadline of having the cities ready to go by January 2003 – in about six months. A source familiar with the deadline believes the effort is related to making the U.S. prepared for counterattacks if the U.S. invades Iraq sometime next year. FEMA is currently seeking bids from major real estate management firms, and plans to name three firms in the near future to handle the logistics and planning for these temporary cities. FEMA officials have told these firms they already have tents and trailers ordered. The tents and trailers would provide shelter for displaced populations. The real estate firms are expected to provide engineers and architects to lay the plans for emergency infrastructure needs, such as sewage and electricity.