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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (5993)	5/10/2004 12:27:10 PM
From: mishedlo	Respond to of 116555

NATO Balking at Iraq Mission Amid rising violence and public opposition to the occupation, allies want to delay a major commitment until after the U.S. election. Amid the violence of recent weeks in Iraq, there has been increasing public opposition to the war in other countries that had supported the postwar effort, such as the Netherlands, Norway and Denmark, diplomats said. Now, instead of being able to push for an expansion of the European role in Iraq, American officials have their hands full simply trying to maintain the participation of those who are there. International outrage over disclosure of mistreatment of Iraqi inmates at Abu Ghraib prison have added to allied discomfort. latimes.com ========================================================== Looks like the cost of this war is ours to bear alone. As it should be. Mish

To: Crimson Ghost who wrote (5993)	5/10/2004 2:10:02 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

B. Stearns sees econ. accelerating, inflation stubborn Monday, May 10, 2004 6:14:35 PM NEW YORK (AFX) - Bear Stearns economist David Malpass believes the U.S. economy is accelerating, with the latest employment numbers consistent with 4.9 percent growth, vs. a reported 4.2 percent rise first-quarter gross domestic product. He also expects "mild, stubborn multi-year inflation" in contrast with the disinflation witnessed through the 1980s and 1990s =========================================================== Does anyone see a recession coming? Not even Roach is reading one M

To: Crimson Ghost who wrote (5993)	5/10/2004 3:30:34 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Sprint to lay off an additional 550 workers by year-end By Carolyn Pritchard SAN FRANCISCO -- Sprint said it would cut an 550 additional jobs by the end of the year in its restructuring efforts, according to a quarterly filing Friday with the Securities and Exchange Commission, bringing the total number of layoffs to 2,550. The phone company said in November that it would cut 2,000 jobs as part a series of measures to reduce costs by 5 to 7 percent over the next three years, with annual savings eventually expected to top $1 billion. As of March 31, roughly 1,750 of the layoffs had taken place, according to the filing. Sprint also said it does not expect pre-tax charges to exceed $90 million. Additional charges associated with the layoffs will be recorded in subsequent periods and will impact all of the company's divisions. Shares of Sprint ended Friday's session down 1.3 percent at $17.76.