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To: Bobby Yellin who wrote (3070)11/12/1997 9:01:00 AM
From: Bucky Katt  Read Replies (1) | Respond to of 116866
 
Waste Management (WMX:NYSE) said it
plans to cut 1,200 jobs and reorganize into 32 regions. The
job cuts will eliminate 20% of the company's workforce.
Waste Management said it expects the moves to cut annual
costs by $100 million.

Donna Karan International (DK:NYSE) said it plans to
cut its workforce by 285 jobs, or 15%, and reduce divisions
to six from 15. The company will take $64 million in
fourth-quarter charges for the plan. Karan also reported
third-quarter earnings of 4 cents per share versus the
year-ago 45 cents; First Call had no estimates for the
company.
Looks like McDonalds has a wide pool of labor to choose from!



To: Bobby Yellin who wrote (3070)11/12/1997 11:54:00 AM
From: fishweed  Read Replies (2) | Respond to of 116866
 
Bobby - There's another side to the debt equation.
Inflation brings with it higher interest rates. So with deficit spending how much of our national debt, both Canada and U.S., is acrued interest? You can lower the countries debt payments by simply lowering interest rates.
Nicolas


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