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To: Sam who wrote (1674)	5/25/1999 10:04:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 3536

Yes, I agree the savings rate stats are bogus. I noticed that when Greenspan made the comment. Listen closely, he was being very Clintonesque in his choice of words. He said that individuals were not saving out of current income. That feeds directly into the bogus savings rate methodology. Capital gains taxes get rolled into total taxes and therefore effect current income while capital gains themselves are not. I suspect he used that terminology intentionally.

To: Sam who wrote (1674)	5/25/1999 10:29:00 AM
From: Ahda	Read Replies (2) \| Respond to of 3536

How much would you pay for the domain COMPUTER.com? Posted at 10:29 p.m. PDT Monday, May 24, 1999 '90s unkind to workers Study: Lower wages, less job security downside to 'New Economy' BY JONATHAN RABINOVITZ Mercury News Staff Writer Put aside the wonders of the Internet and the overnight stock-option fortunes of high-tech entrepreneurs: Many California workers are taking home less in real wages than they were at the start of the decade, have a less secure job than their parents had at the end of the 1970s and are more likely to have longer hunts for new positions once unemployed. That is the essence of a report scheduled to be released today in Sacramento by Working Partnerships USA, a San Jose-based research group established by Amy Dean, the head of the South Bay AFL-CIO Labor Council. The report is a critique of the so-called ''New Economy'' that highlights the declining earning power and growing instability for those working in low-skill jobs in California. Written by Working Partnerships, in conjunction with the Washington D.C.-based Economic Policy Institute, a liberal research organization, it provides the statistical background for a broad new legislative push for an expanded safety net of programs for middle class and low income workers. Equality yes low employment figures i wonder why?