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To: Alex who wrote (6288)	1/19/1998 4:08:00 PM
From: Bobby Yellin	Respond to of 116764

Thank you so much that story..I think I had mentioned it when I heard about it..The way human nature is I think a lot of people refuse to tell the world how difficult things are for them..pride etc.. The New York Times which I have grown to respect has also focussed on the glass being half empty..What did I read..1000 people on Wall Street were given one million dollars in bonuses... If gold had returned as a standard..the paper excesses would never have been allowed...interesting the reference about layoffs in the great depression..also interesting that people used to say it could never happen again because of all the safety nets...now all of the safety nets have sprung big big holes :< People don't like to read about bad news..they like to distance themselves so they won't have to think about it possibly happening to them. bobby

To: Alex who wrote (6288)	1/20/1998 3:04:00 AM
From: Terry Swift	Read Replies (1) \| Respond to of 116764

Alex: The PBS series referenced in your link was an excellent but chilling look at what NAFTA and the global economy has wrought. Parts I and II aired here last Friday and the second part on cutting jobs and sending them to Mexico was incredible. City planners in San Diego are actually using the cheap labor in Mexico to get companies to move from the northeast and midwest to San Diego where the blue collar jobs can be placed in Mexico and the managment positions are in San Diego. Given PBS's liberal bias, I suspect Hedrick Smith's piece looked at the worst cases (Al Dunlap has long been considered a worst case jerk so nothing he does should surpriese anyone) so I expected a worse case scenario but nothing like the situation they portrayed. It was incredible. If the work force is being re-shaped into an hour-glass shaped economic culture with a shrinking middle class and some of those middle class moving up to upper middle class and wealthy while others move to lower middle class and poverty, we are in big trouble socially and culturally ten years down the road. A stable and growing middle class is crucial to the political stability of any country. The first two parts of the PBS series were an eye-opener and pretty scary. Price and Dunlap are not my idea of the best and brightest on Wall Street or in corporate America; they're a couple of sharks that look out for #1 only and take no prisoners. Parts 3 & 4 air here next Friday. I'll be watching. Terry