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

To: RealMuLan who wrote (15183)	11/9/2004 8:17:56 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Japan Oct economy watchers´ diffusion index falls for third straight month Tuesday, November 9, 2004 5:41:28 AM afxpress.com Japan Oct economy watchers' diffusion index falls for third straight month TOKYO (AFX) - Japan's economy watchers' index, which reflects the perceptions of workers with jobs sensitive to economic trends, fell in October for the third straight month, the Cabinet Office reported. The diffusion index declined 0.9 points from a month earlier to 46.4 for October, the Cabinet Office said That was the third consecutive month the index has remained below the critical 50-point line. The index gauges whether respondents -- taxi and truck drivers, department store sales staff, and restaurant and shop owners -- believe economic conditions have improved or worsened from three months earlier. A reading below 50 shows that a majority of respondents believe conditions are deteriorating The Cabinet Office attributed the drop in October in part to the two typhoons that lashed Japan during the month, depressing consumer spending. It also said corporate activity was depressed by the rise in raw material prices.

To: RealMuLan who wrote (15183)	11/9/2004 8:26:18 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

airlines A nice summary of how bad it really is...in philly, the big news was that baggage handlers had staged a work slowdown. Of the needed 21 baggage handlers, UAL only had 5 show up for work one shift this weekend. People waited for hours for their bags. Just wait until the legacy carriers ditch their pension obligations in bankruptcy court. Eleven of the 12 majors have junk-bond corporate ratings. The airlines have amassed more debt than some Third World countries: $100 billion. They can't pay it all back. Attempting to stay airborne, carriers have whacked $13 billion in costs by slashing pay, benefits, firing employees, dumping planes and cutting routes. All without much luck. msnbc.msn.com