Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (13927)	12/30/1997 8:40:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

GM, Re:The weakening economic growth is consequently pushing up the unemployment rate. LG foresees the jobless rate soaring to 5.7 percent, contradicting the government's target of 2.5 percent. Daewoo and Samsung came up with 5.0 percent and Hyundai with 4.2-4.3 percent. This is exactly what their economy needs right now, a purging of all inefficiencies by revamping of their entire economic structure. Will be painful, but remember here in the late 80's and the layoffs that came daily and look where we are now. I am pessimistic they will be able to get the job done though. In the U.S., we are a market driven society. I am not sure of Korea, but change in Japan is driven from the top. MOF etc. The needed changes are painful are come more easily when there are profits to be gained/lost. As it currently stands, govt. seats are to be gained/lost. Do you really think there is any incentive here? Brian