Free Republic

<p>The last recession may have started in the last months of the Clinton administration rather than at the beginning of the Bush administration.</p> <p>The panel of economists that serves as the official timekeeper for the nation's recessions is considering moving the starting date for the most recent economic decline back to November or December of 2000, a member of the group said today, confirming a report that appeared in The Wall Street Journal.</p>

For education and discussion only. Not for commercial use. CHENNAI: If Detroit is motown to the world, India could well be the source point for the nuts and bolts that set the hot wheels into motion. With outsourcing orders pouring in from Europe and America, the $1-billion auto components export target could well be advanced. Indian engineering and auto components never had it so good with a bull run both in domestic and export markets. The estimated export earnings for 2002-03 stands at $800 million against $578 million in 2001-02. The auto outsourcing boom could well match the vigorous IT-based...

For education and discussion only. Not for commercial use. Facility may reopen in spring; options eyed DULUTH – The city of Duluth has taken over operation of the Great Lakes Aquarium and will close the attraction down until spring. Despite recent cost-cutting measures, including layoffs and salary reductions, the aquarium continued to operate in the red and turned to the city for a bailout. The $34 million dollar facility opened in July 2000 with predictions that it would attract more than 400,000 visitors a year, generate more than $5 million annually for the area's economy and employ about 60 full-time...

For education and discussion only. Not for commercial use. AYER - With the closing of the Chandler Machine Company, the community has lost a 103-year-old business. Along with it, a bit of Americana is slipping away. The Chandler shop manufactured industrial sewing and stitching machines for customers all over the country. Its hand-operated and electrified sewing machines and button sewers have been used in the garment industry and by dry-cleaning establishments and laundries, its pleating machines by upholsterers and other tradesmen. What finally brought the plant's closure, according to Vice President George Matthews, was foreign competition. With cheaper labor available...

For education and discussion only. Not for commercial use. PLEASANTON, Calif. (Reuters) - Software maker Commerce One Inc. on Friday said it would cut about 400 jobs, or 36 percent of its work force, by the first quarter of next year in an effort to preserve cash and offset weak revenues. The company's ranks numbered about 1,100 when it wrapped up the third quarter on Sept. 30. Commerce One, whose stock soared above $125 during the Internet boom, is struggling to cut costs and get profitable amid a tough corporate spending drought. Shares of the Pleasanton, California-based maker of software...