To: DOUG H who wrote (1869 ) 7/4/2004 1:56:23 PM From: Walkingshadow Read Replies (3) | Respond to of 2772 Hi Doug, I didn't see MM's thing, but I did see a trailer showing Bush when he was informed of 911. It reminded me of what you had said about him....the look on his face and his reactions (and lack thereof) were rather convincing. The Bloomberg piece out this morning (below) is something else worthy of some consideration re our discussion the other night. See the part in bold. I cannot see how this sort of thing will lead to a competitive advantage on the global marketplace, except for services that are in demand by the world that they cannot generate more cheaply themselves. I suspect there is not a lot of that around. That number has got to change. How that is accomplished will be a difficult task, but if our economic strength is to be maintained, an imperative task. T ========================================= July 4 (Bloomberg) -- The U.S. services economy, which accounts for the largest share of gross domestic product, probably expanded again in June, while initial filings for unemployment insurance last week may have declined, economists forecast before the two reports. A June reading of 63.0 is forecast for the Institute for Supply Management's index of financial services, construction, retail and other non-manufacturing enterprises, after 65.2 the month before. Readings greater than 50 indicate expansion. The index has surpassed 60 every month this year, rising to a record 68.4 in April. The number of Americans filing first-time jobless claims probably fell to 345,000 last week from 351,000, economists said in advance of Thursday's report. Employment gains are needed for incomes to grow and consumer spending to propel the expansion. Service companies account for about 85 percent of the economy and most of the jobs created in the U.S. this year.