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To: Joan Osland Graffius who wrote (9898)	12/1/1997 7:47:00 PM
From: Bearded One	Read Replies (1) \| Respond to of 18056

How about this one? nando.net

To: Joan Osland Graffius who wrote (9898)	12/2/1997 3:14:00 AM
From: Snowshoe	Read Replies (1) \| Respond to of 18056

One bright spot in all this doom and gloom from Asia is that savvy multi-national companies have an unprecedented opportunity to acquire quality assets throughout Asia. EDS seems to have pulled off a major coup d'etat in it's drive to participate in Japan's upcoming "big bang" financial reforms... Yamaichi Info Systems says EDS to hire its staff TOKYO, Dec 1 (Reuters) - Yamaichi Information Systems Co, an affiliate of failed brokerage Yamaichi Securities Co Ltd, said on Monday that its entire work force comprising of 600 workers would be employed by Electronic Data Systems Corp's Japanese unit by the end of this year. "We understand that EDS has decided to hire our staff as it hopes to expand its business in Japan," a spokesman for Yamaichi Information Systems said. The basic agreement between the companies does not include the transfer of Yamaichi Information Systems' goodwill or assets, the spokesman said. Yamaichi Information Systems posted sales of 32.8 billion yen in the year to March 1997, he said.

To: Joan Osland Graffius who wrote (9898)	12/2/1997 10:56:00 AM
From: HB	Read Replies (1) \| Respond to of 18056

Joan, from my somewhat amateurish standpoint (I am ABD in Econ... -g-), this looks like its somewhat on the bad side of my expectations, but not out of line. Not even "worst-case" (well, "world-wide depression" is worst-case, but slowing of US growth to 2-2.5% next year is not that unreasonable, although I think it will take awhile for the full effect to hold in the US. Dust off your intermediate macro texts, folks. Stuff like Rudy Dornbusch's texts, that pay attention to international econ. And don't give Greenspan too hard a time... he is not in complete control of the US money supply in a world with such tight international linkages, and somewhat flexible exchange rates. BWDIK, FAYKICBFOS Cheers, Howard