Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (3436)	9/30/2002 2:51:35 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 57110

hi jeff.. i've posted a couple of articles that indicate unemployment numbers are understated... using the laid off IT worker example...putting in 2 days a week at $7.75hr. at radio shack (previously drawing 6 figure salary), makes him "employed". plus once the benefits expire there is no way of tracking them. this article is a bit more informative on the longshoreman lockout.. biz.yahoo.com Officials at the ILWU, which represents 10,500 dock workers, have denied organizing work slowdowns, saying cargo is moving slowly due to increased volume ahead of the U.S. holiday season. But port employers say they saw clear signs of intentional work slowdowns on Sunday, accusing union workers of dragging their feet in moving cargo, causing ships to miss their sail times, disrupting rail schedules and leaving valuable goods stranded on the docks. "We simply cannot allow that kind of chaos to continue," a PMA spokesman said on Monday. The White House said it was watching the dispute carefully with an eye on the struggling U.S. economy. "If it goes on for even a short period of time, it's a problem for the economy. We're monitoring it carefully," White House spokesman Ari Fleischer said on Monday. The PMA has estimated that each day of port closure costs the U.S. economy as much as $1 billion as Asian imports fail to reach U.S. store shelves and U.S. shipments of foodstuffs and other products pile up in cargo storage facilities.