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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (51444)	10/13/2005 11:16:29 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206181

The concept of pensions as defined benefits was a joint suicide pact between management and labor. Many companies have moved on to defined contributions. Those that have not - well - bankruptcy is the defined business model for most. It will be interesting to watch GM and the UAW dance. Will they cooperate or share a cup of hemlock? Oh yeah - then there are the public employee pension plans. They are something to watch as well - especially teachers.

To: Broken_Clock who wrote (51444)	10/14/2005 1:58:01 PM
From: Rich Wolf	Respond to of 206181

What is the alternative? Trade barriers? Americans have voted with their pocketbooks that they want cheaper goods, even if they are made in China instead of the US, and even if that means other Americans will lose their jobs. The same story played out in the auto industry. Curiously, it was import restrictions that forced Asian automakers to build assembly plants here in the US. Though it is worth noting that perhaps the greatest percentage of 'value added' in the entire construction and assembly process for such autos is probably located overseas. Does anyone have a clear vision of our domestic economy in the future, if and as these trends continue? I don't, and I haven't read any.