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Politics : HOWARD DEAN -THE NEXT PRESIDENT? -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (2367)	1/22/2004 5:35:09 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 3079

here you go..... Steven Roach, chief economist at Morgan Stanley, argues that productivity is poorly measured, especially with the large service sector of the economy. `Hollowing out' Instead of representing a stronger, growing economy, he said, higher productivity as jobs decline shows what he calls the ``hollowing out'' of corporations that fire valuable labor. During the expansions of the 1960s and late 1990s, productivity rose with gains in employment, he said. Now it is rising amid job losses. ``That would result in an increasingly barren economy that will ultimately lose market share in an ever-expanding world,'' Roach said mercurynews.com Who has a more prestigious background outside of the recent white house appointment, Snow or Roach? Answer Roach. Snow is an old fool who is to out of touch to understand the dynamics of this economy.