With Companies Still Gloomy, Payrolls Shrink by Thousands

The New York Times ^ | January 11, 2003 | DANIEL ALTMAN

[Leisler]

They weren't retirees when they were getting an acceptable profit on their money, funds, stocks and other instruments. They took it as fast as it came in and at rate as high as they could get. Then they were wizened older capitalist, getting what they deserved.

Now that there isn't as much call for borrowing money, and the returns are low, they are boo-hooing, and doing the poor old me retiree shuffle.

Can’t have it both ways. Either you are independent and active or else your dependent and should take what ever you get from who ever you depend upon.

[Afronaut]

I love your post! The guy who equated the officer who shot the Pit-Bull/German Shepard when it charged him with a NAZI! THe FR is but a shell of itself. Bush is pullin' a Clinton all over the place and that is OK. Not with me.

[Afronaut]

What goods are falling in price?

[montag813]

Despite the NYT trying to present the most gloomy scenario to damage Bush, the stats on Friday were meaningless. The vast majority of layoffs were in the retail sector, as expected, which is why the market immediately rallied back massively to take out the highs. Full speed ahead. Go back to the Marxist swamp NYT writers, Dubya is headed for victory and the unemployment rate will be back under 5% in Nov. 2004.

[tucents]

What goods are falling in price? Prices on consumer items are cut as retailers attempt to clear out inventory to make room for new models or products. In electronics, it is common for last year's technology to move down in price as improved technology becomes available. The price of 17" CRT computer monitors has dropped noticeably as flat panel displays have become available. A hand-held calculator in the '70s was several hundred dollars; today the equivalent calculator is about five dollars. More generally, using the real per capita income as a measure of buying power (which has grown steadily over many years), the fraction of income that the average person would spend on a fixed basket of goods has decreased steadily over time.

[Afronaut]

All True but is that due to technology advancing or the Labor? 17" monitors are todays 15". Labor? or Fab production and technological advances? the drive train for most "so called American cars" are made in Mexico. Are car prices cheaper due to this labor or are the companies pocketing the savings? The cost savings are hardly passed down. NAFTA is a smoke screen.

[MeneMeneTekelUpharsin]

I agree with what you say here quoted above, but I would not have shot that dog, and I would not have shot your dog, even if I saw your dog walking around like that one did.

I am not defending the officer's actions or condemning him as I have not seen the video and have not heard testimony from either party. My point is that seriously troubling things are happening leading to the collapse of our spiritual values, society and economy and so many people are standing in their chairs, pulling out their hair and screaming as they type responses to the officer killing the dog.

Meanwhile, their children curse like sailors, their daughters are over at the boyfriend's house having *&%, and mom just brought home stuff she stole from work to show dad, but he's too drunk to notice. The real problems are not being addressed.

[wai-ming]

Nancy Pelosi, the House Democratic leader, said. "When is President Bush going to realize that job creation needs to be his top priority?"

When are the Democrats going to realize that the private sector, not the government, should be the ones creating jobs?

When are the sheeple going to realize that the Dems are only for themselves and their own power and not for the good of the country?

[Uncle Bill]

Government's Gloomy Fiscal Forecast - January 15, 2003
"President Bush's budget chief said Wednesday that the White House envisions federal deficits in the $200 billion to $300 billion range over the next two years, a dramatic worsening of the government's fiscal picture since last summer."

[Uncle Bill]

U.S. Drops Report On Mass Layoffs