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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (257880)	8/27/2003 9:11:27 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 436258

Earlie: What do they say in your circles about the Sox being all lathered up here? I must be missing something because it does not add up in my mind fundamentally.

To: Earlie who wrote (257880)	8/27/2003 9:15:18 PM
From: mishedlo	Respond to of 436258

The Deflation Spiral: Income first, then assets later. ### The Atlanta Journal-Constitution: 8/27/03 ] White-collar jobs go abroad By DAN CHAPMAN The Atlanta Journal-Constitution ajc.com Corporate America begs to differ. Buffeted by the recession, lowered profits and Wall Street disillusionment, U.S. businesses have been slashing costs for three years. Jobs and benefits have been obvious targets for productivity-minded companies. Management gurus insist offshoring can shave 40 percent or more from corporate bottom lines. Coca-Cola says it can save 20 percent by outsourcing. Now, though, virtually every job is up for grabs to the lowest bidder, who can typically be found in low-wage India. The list is as long as it is scary for America's educated work force: financial analysts; patent researchers; insurance claim processors; architectural drafters; radiologists; and, yes, software executives worried about job prospects for themselves and their teenage children. Job creation lags Hope wanes that many of the lost jobs will return. Within 18 months of the end of the 1990-91 recession, for example, 516,000 professional and business service jobs were created nationwide, according to Rajeev Dhawan, an economist at Georgia State University. But 18 months after this latest recession officially ended, in November 2001, an additional 102,000 white-collar jobs have been lost, Dhawan noted in his recently released economic outlook. === More articles on subject news.google.com ### AND IT WILL ONLY GET WORSE: 19 August 2003 electronicsnews.com.au Australia has, at least until now, provided a very comfortable living and lifestyle for its citizens. But the way we create wealth and how we create meaningful jobs need to change. All should worry about recent headlines such as “Australia records worst ever trade deficit”(1) and “Australia debt blowout”(2). Foreign debt stands at $350 billion (almost $20,000 for every man, woman and child), and the trade deficit last December of $2.995 billion means that Australia had to find $1,118 every second to cover that deficit. Vulnerability to drought and reducing resource prices make it critical how Australia is to create future wealth. It will not become easier because the world is a very competitive and openly trading place. Today about 20 percent of global output is produced and consumed in global markets and this is growing at 9 percent per year. It will be 80 percent within 30 years. Everyone and everything needs to be globally competitive because customers are becoming well aware of what is possible at what price in the world. ### Men at Overwork The good news is we're more productive. The bad news? They don't need as many of us By Brad StoneNEWSWEEK Aug. 11 issue msnbc.com MORE WITH LESS Thanks in part to the impact of new technology on the workplace, companies have been able to boost production to meet growing demand—without hiring. An intense focus on keeping costs down, and the continued migration of jobs overseas, is also keeping a lid on new jobs. “Firms are pushing productivity as high as they can right now,” says Barry Bluestone, an economist at Northeastern University. “They are trying to do more with less.”

To: Earlie who wrote (257880)	8/27/2003 10:18:19 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Where Did All The Money Go? apnews.excite.com Bush Might Soon Seek Extra Iraq Funding Where did it go? (mish question) The Bush administration may ask Congress next month for a few billion more dollars for Iraq reconstruction, officials said Wednesday, only a few weeks after the Pentagon said extra money would not be needed at least until the new budget year begins in October. The administration has been saying for weeks that it expects to request billions in emergency funding for Iraq during the 2004 budget year, but until now it had insisted enough money was available through September to pay for civic projects like repairing utilities and schools. In fact, as recently as Aug. 4 the Pentagon had estimated that $4 billion of the $62.6 billion in emergency funding it received in April would be left over when the budget year ends Sept. 30. Where did $4B go in three weeks? (mish question) Bremer told The Washington Post on Tuesday that it would take years and "several tens of billions" of dollars from outside Iraq to get the country functioning again. Bush said Tuesday it would take a "substantial commitment of time and resources," but he offered no figures. Mish question: Hmmm is this one of those thing where you just say "substantial" and if "substantial" is never disclosed it somehow does not go into the budget deficit (until later audits find it)? At any rate how do you lose $4B in a couple weeks? Where did it go? Enquiring minds want to know. M