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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (11931)	7/30/2003 7:04:05 PM
From: Les H	Read Replies (6) \| Respond to of 306849

We may get some political action yet. There was a news story that companies are starting to offshore their legal departments. GE is outsourcing lawyers at $ 10,000 a head.

To: Lizzie Tudor who wrote (11931)	7/31/2003 2:32:42 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

The furniture manufacturing business is all but gone overseas too. The ones that are left in the US just import the raw furniture and finish it. I'm surprised someone hasn't said Real Estate is the best investment because they can't ship the ground overseas.

To: Lizzie Tudor who wrote (11931)	7/31/2003 4:58:25 AM
From: fedhead	Read Replies (1) \| Respond to of 306849

Imposing tarrifs is not the solution. It raises costs for those people who use IT services. You are commiting the error of looking at this from the IT worker angle and not from that of the entire economy. With tarrifs you end up losing more jobs than you protect for example if you impose tarrifs on the steel industry you protect steel workers jobs but you lose jobs in the industries that consume steel and who have to raise prices of their products accordingly. So consumers end up paying more than they would had there been no tarrifs. Free trade is by and large good but I agree with you that the playing field has to be level by having floating currencies and reducing the tax burden for hiring here. Anindo