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

To: Chispas who wrote (21383)	1/14/2005 3:45:24 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

If that damn breaks some idiot is sure to tell us how it is good for the economy. Mish

To: Chispas who wrote (21383)	1/14/2005 3:47:00 PM
From: mishedlo	Respond to of 116555

Democrats: Bush avoiding true Social Security costs Friday, January 14, 2005 8:10:38 PM afxpress.com WASHINGTON (AFX) -- A top House Democrat on Friday blasted the White House after Office of Management and Budget Director Josh Bolten said an estimate of the costs associated with creating private Social Security wouldn't be included in the fiscal 2006 budget outline to be sent to Congress next month. "If the cost of Social Security privatization is omitted, it will be a tacit admission that these costs cannot be accommodated in a budget which claims to cut the deficit by half," said Rep. John Spratt of South Carolina, the senior Democrat on the House Budget Committee. Bolten said an estimate couldn't be included because President Bush has yet to settle on details of a private-accounts proposal ================================================== Costs? What costs? There are no costs! Of course we are 100% guaranteed to find out later that there are costs. Mish

To: Chispas who wrote (21383)	1/14/2005 4:20:11 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Seattle Post-Intelligencer - Jan 14 12:22 AM The Seattle Times plans to cut 90 to 110 positions, or about 7 percent of its full-time work force, as part of an effort to shore up its finances and return the newspaper to profitability. Lightbridge To Close A Call Center, Cut 40 Jobs BURLINGTON, Mass. (Dow Jones)--Lightbridge Inc. (LTBG) will close its Broomfield, Colo., call center on Jan. 28, resulting in 40 job cuts. The job cuts represent about 8% of its total call center work force. Enterasys Networks To Cut 115 Jobs; Sees 4Q, 1Q Chgs ANDOVER, Mass. (Dow Jones)--Enterasys Networks Inc. (ETS) plans to cut about 115 jobs during the fiscal second quarter as part of a continued cost-cutting strategy to accelerate profitability. San Francisco budget cuts to put 115 people out of work today KESQ - Jan 14 5:44 AM SAN FRANCISCO Today is the last day on the job for more than 100 city workers in San Francisco. Budget cuts going into effect today will result in layoffs in almost every city department, with 115 city employees being put out of work. Oracle to PeopleSoft: The pink slip's in the mail Published: January 14, 2005, 7:46 AM PST By Alorie Gilbert Staff Writer, CNET News.com update Oracle appears to be adding insult to injury in its merger with PeopleSoft--taking the unusual step of notifying workers of their termination by sending pinks slips via express mail to their homes. As earlier reported, shipments to thousands of PeopleSoft employees across the country are expected over the weekend, according to sources close to the company. Those spared pink slips will get packages too--containing new Oracle employment contracts. That makes it a nail-biting weekend for many PeopleSoft employees, who number more than 11,000 worldwide. Oracle may cut as many as 6,000 jobs, according to its own earlier estimates. It plans to announce the official number Friday. "The view of most of the employees out there is that it's a really callous way to do it," said Joe Davis, chief executive of Coremetrics and a former group vice president at PeopleSoft, who stays in touch with his former co-workers. "They view it as just another in a series of steps where they feel like they're not being treated in a very humane way," Davis said. An Oracle representative did not return repeated calls for comment.