Fwd: Bush's Economic STRAGEDY
Frances Morey
austin-ghetto-list@pairlist.net
Sun Feb 29 23:18:25 2004
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Could Nader be running to re-elect Bush protecting the corporate interests of his holdings in the stock market?
FM
David Rubinson <rubinson@kab.com> wrote:
Date: Sun, 29 Feb 2004 22:08:09 -0500
To: (Recipient list suppressed)
From: David Rubinson
Subject: Bush's Economic STRAGEDY
http://tvnewslies.org/html/news.html#USECONOMY
DID YOUR LEGISLATOR VOTE TO KILL U.S. JOB MARKET? - Wide reports indicate that Washington politicians are purposefully bleeding away America's wealth, economic vitality, and high-paying or national security-oriented industrial jobs--forcing constituents to absorb costs of corporate financial and tax incentives which subsidize the loss of these jobs. Gas prices surge - Survey: Higher crude, new environment rules send pump prices up nearly 7 cents a gallon. - California experienced the biggest rise, with a 28-cent increase in the price paid by Los Angeles drivers for a gallon of regular unleaded gasoline sold at self-serve pumps, according to the Lundberg Survey. Nearly Half of Black Men Found Jobless - But a new study examining trends in joblessness in the city since 2000 suggests that by 2003, nearly one of every two black men between 16 and 64 was not working. County hit hard by job losses - Over half of state's lost manufacturing positions were here. - Between December 2000 and the
end of 2003, the Golden State's manufacturing sector lost 304,600 jobs, a 16 percent decline, according to the study, which was conducted by Southern and Central California economic development groups. Best Buy's Franklin layoffs to total 415 - Job cuts to be done by July; downsizing stems from the sale of Musicland unit. Amerock to lay off all 450 factory worker - merock Corp., whose name is a combination of the words “American” and “Rockford,” will lay off its 450 factory employees and ship their work out of Rockford and out of America. Billionaires bounce back - Economy, euro fatten net worths - In the United States, billionaires gained not only from a 20 percent rise in stocks, but also from reductions in taxes on dividends and capital gains, according to Mark Zandi, chief economist at Economy.com. - TVNL Comment: Can’t we all sleep better now knowing that Americas billionaires got richer under Bush? Jobless claims up 6,000 to 350,000 - Four-week average highest since December -
"The problem is on the hiring side -- firms are still leery of adding workers," U.S. bankruptcy near record high - Personal bankruptcies for all of 2003 rose 5.6 percent to 1.63 million from a year earlier while business filings fell 9.1 percent to 35,037, according to data Wednesday from the Administrative Office of the U.S. Courts. Mass Layoffs Summary - In January 2004, there were 2,428 mass layoff actions by employers, as measured by new filings for unemployment insurance benefits during the month, according to data from the U.S. Department of Labor's Bureau of Labor Statistics. AT&T Plans to Cut 4,600 Jobs in 2004 - AT&T Corp. (T) on Wednesday told analysts it was planning to cut 8 percent of its workforce, or about 4,600 jobs, this year in a drive to cut costs. 760,000 JOBLESS DENIED AID ­ AND COUNTING - Large Numbers of Unemployed Go Without Aid As Administration Remains Silent on Whether to Restart Federal Assistance Program Wal-Mart a big giver to 2004 U.S. election -
Mega-retailer seen becoming largest corporate donor - Wal-Mart's political contributions have been spread widely in Congress, with more than 220 members of the House and Senate receiving checks of $1,000 to $17,500 so far this election cycle. About 85 per cent of the money has gone to Republicans. Greenspan: Mortgage Debt May Be Threat - He said that "future systemic difficulties" could be considered likely and he urged Congress to take action "sooner rather than later." U.S. consumer confidence plunges in Feb. - U.S. consumers became much more cautious in February, the Conference Board said Tuesday. The consumer confidence index plunged to 87.3 in February from a revised 96.4 in January. Bush Assertion on Tax Cuts Is at Odds With IRS Data - But the president's contention that upper-income tax cuts primarily benefit entrepreneurs conflicts with some of the government's own data. Gas-pump sticker shocker - Retail prices expected to blow past record high - Get ready to dig deeper into
your pockets at the gas station this summer: $3 per gallon gasoline could be headed to a pump near you. Use WTO to Bolster Outsourcing--Pro-Bush Tech Guru - India must use World Trade Organization (WTO) rules to protect the unfettered growth of U.S. technology outsourcing from protectionist attacks in an election year, a key Silicon Valley venture capitalist said. Wal-Mart vs. Contra Costa County - "Everyday Low Wages: The Hidden Price We All Pay For Wal-Mart" is a new report just released by Rep. George Miller of Martinez, senior Democrat on the House Committee on Education and the Workforce. - Wal-Mart's violations of labor law, according to the report, "range from illegally firing workers who try to organize unions to unlawful surveillance, threats and intimidation of employees who dare to speak out."
David Rubinson
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in J A M A I C A
YAH !! MON !!
Quote of the Day:
"A government which robs Peter to pay Paul can always depend on the
support of Paul."
--George Bernard Shaw
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<DIV>Could Nader be running to re-elect Bush protecting the corporate interests of his holdings in the stock market?</DIV>
<DIV>FM<BR><BR><B><I>David Rubinson <rubinson@kab.com></I></B> wrote:</DIV>
<BLOCKQUOTE class=replbq style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid">Date: Sun, 29 Feb 2004 22:08:09 -0500<BR>To: (Recipient list suppressed)<BR>From: David Rubinson <RUBINSON@KAB.COM><BR>Subject: Bush's Economic STRAGEDY<BR><BR><FONT size=3><BR><BR><B><A href="http://tvnewslies.org/html/news.html#USECONOMY" eudora="autourl">http://tvnewslies.org/html/news.html#USECONOMY<BR><BR></A></B></FONT>
<UL><FONT face=arial size=3><A href="http://tomflocco.com/modules.php?name=News&file=article&sid=39">DID YOUR LEGISLATOR VOTE TO KILL U.S. JOB MARKET?</A> - Wide reports indicate that Washington politicians are purposefully bleeding away America's wealth, economic vitality, and high-paying or national security-oriented industrial jobs--forcing constituents to absorb costs of corporate financial and tax incentives which subsidize the loss of these jobs. <A href="http://money.cnn.com/2004/02/29/news/economy/gas_prices/index.htm?cnn=yes">Gas prices surge</A> - Survey: Higher crude, new environment rules send pump prices up nearly 7 cents a gallon. - California experienced the biggest rise, with a 28-cent increase in the price paid by Los Angeles drivers for a gallon of regular unleaded gasoline sold at self-serve pumps, according to the Lundberg Survey. <A href="http://www.nytimes.com/2004/02/28/nyregion/28employ.html">Nearly Half of Black Men Found Jobless</A> - But a new study
examining trends in joblessness in the city since 2000 suggests that by 2003, nearly one of every two black men between 16 and 64 was not working. <A href="http://www.presstelegram.com/Stories/0,1413,204~21478~1984715,00.html#">County hit hard by job losses</A> - Over half of state's lost manufacturing positions were here. - Between December 2000 and the end of 2003, the Golden State's manufacturing sector lost 304,600 jobs, a 16 percent decline, according to the study, which was conducted by Southern and Central California economic development groups. <A href="http://www.indystar.com/articles/7/124679-1067-031.html">Best Buy's Franklin layoffs to total 415</A> - Job cuts to be done by July; downsizing stems from the sale of Musicland unit. <A href="http://www.rrstar.com/business/manufacturing/20040228-14510.shtml">Amerock to lay off all 450 factory worker</A> - merock Corp., whose name is a combination of the words “American” and “Rockford,” will lay off its 450 factory employees
and s</FONT><FONT face=arial color=#cc0000 size=3><B>hip their work out of Rockford and out of America.</B></FONT><FONT size=3> </FONT><FONT face=arial size=3><A href="http://www.chron.com/cs/CDA/ssistory.mpl/front/2422831">Billionaires bounce back</A> - Economy, euro fatten net worths - In the United States, billionaires gained not only from a 20 percent rise in stocks, but also from reductions in taxes on dividends and capital gains, according to Mark Zandi, chief economist at Economy.com. - </FONT><FONT face=arial color=#cc0000 size=3><B>TVNL Comment: Can’t we all sleep better now knowing that Americas billionaires got richer under Bush?</B></FONT><FONT size=3> </FONT><FONT face=arial size=3><A href="http://cbs.marketwatch.com/news/story.asp?guid=%7BB3546FBE%2DD1D3%2D495B%2DB875%2D785D7F891DD5%7D&siteid=mktw">Jobless claims up 6,000 to 350,000</A> - Four-week average highest since December - "The problem is on the hiring side -- firms are still leery of adding workers," <A
href="http://edition.cnn.com/2004/BUSINESS/02/25/us.bankrupt.reut/index.html">U.S. bankruptcy near record high</A> - Personal bankruptcies for all of 2003 rose 5.6 percent to 1.63 million from a year earlier while business filings fell 9.1 percent to 35,037, according to data Wednesday from the Administrative Office of the U.S. Courts. <A href="http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x385112">Mass Layoffs Summary</A> - In January 2004, there were 2,428 mass layoff actions by employers, as measured by new filings for unemployment insurance benefits during the month, according to data from the U.S. Department of Labor's Bureau of Labor Statistics. <A href="http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20040225&ID=3432571">AT&T Plans to Cut 4,600 Jobs in 2004</A> - AT&T Corp. (T) on Wednesday told analysts it was planning to cut 8 percent of its workforce, or about 4,600 jobs, this year in a
drive to cut costs. <A href="http://www.cbpp.org/2-25-04ui-pr.htm">760,000 JOBLESS DENIED AID ­ AND COUNTING</A> - Large Numbers of Unemployed Go Without Aid As Administration Remains Silent on Whether to Restart Federal Assistance Program <A href="http://www.msnbc.msn.com/id/4363393">Wal-Mart a big giver to 2004 U.S. election</A> - Mega-retailer seen becoming largest corporate donor - Wal-Mart's political contributions have been spread widely in Congress, with more than 220 members of the House and Senate receiving checks of $1,000 to $17,500 so far this election cycle. About </FONT><FONT face=arial color=#cc0000 size=3><B>85 per cent of the money has gone to Republicans.</B></FONT><FONT size=3> </FONT><FONT face=arial size=3><A href="http://news.yahoo.com/news?tmpl=story2&cid=509&u=/ap/20040224/ap_on_bi_ge/greenspan_mortgage_giants_2&printer=1">Greenspan: Mortgage Debt May Be Threat</A> - He said that "future systemic difficulties" could be considered likely and he
urged Congress to take action "sooner rather than later." <A href="http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid={6C8FAB4A-D7F3-4EF0-83BC-1FC3F52B58DA}&siteid=">U.S. consumer confidence plunges in Feb.</A> - U.S. consumers became much more cautious in February, the Conference Board said Tuesday. The consumer confidence index plunged to 87.3 in February from a revised 96.4 in January. <A href="http://www.washingtonpost.com/ac2/wp-dyn/A488-2004Feb23?language=printer">Bush Assertion on Tax Cuts Is at Odds With IRS Data </A>- But the president's contention that upper-income tax cuts primarily benefit entrepreneurs conflicts with some of the government's own data. <A href="http://aolpf5.marketwatch.com/news/story.asp?guid=%7B40A4FE60%2D9FE7%2D4C04%2DB5C7%2D22EEB3113ACB%7D&siteid=aolpf&dist=special">Gas-pump sticker shocker</A> - Retail prices expected to blow past record high - Get ready to dig deeper into your pockets at the gas station this summer:
</FONT><FONT face=arial color=#cc0000 size=3><B>$3 per gallon gasoline could be headed to a pump near you.</B></FONT><FONT size=3> </FONT><FONT face=arial size=3><A href="http://story.news.yahoo.com/news?tmpl=story&cid=569&e=19&u=/nm/india_outsourcing_dc">Use WTO to Bolster Outsourcing--Pro-Bush Tech Guru</A> - India must use World Trade Organization (WTO) rules to protect the unfettered growth of U.S. technology outsourcing from protectionist attacks in an election year, a key Silicon Valley venture capitalist said. <A href="http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/02/22/EDGS95478M1.DTL">Wal-Mart vs. Contra Costa County</A> - "</FONT><FONT face=arial color=#cc0000 size=3><B>Everyday Low Wages: The Hidden Price We All Pay For Wal-Mart</B></FONT><FONT face=arial size=3>" is a new report just released by Rep. George Miller of Martinez, senior Democrat on the House Committee on Education and the Workforce. - Wal-Mart's violations of labor law,
according to the report, "range from illegally firing workers who try to organize unions to unlawful surveillance, threats and intimidation of employees who dare to speak out." </FONT><X-SIGSEP>
<P></X-SIGSEP></P></UL> <FONT face="Lucida Handwriting" size=3><B>David Rubinson<BR></B></FONT> <B>,,,, ,,,,<BR></B> \\\ ///<BR><FONT color=#0000ff size=3>~~~~~~~~~~</FONT><FONT color=#800000 size=3><B>{</FONT><FONT size=3>ô</FONT><FONT color=#800000 size=3>¿</FONT><FONT size=3>ô</FONT><FONT color=#800000 size=3>}</B></FONT><FONT color=#0000ff size=3>~~~~~~~~~~~~~~~~~<BR>~~~~~~~~~~</FONT><FONT color=#800000 size=4><B>( . )</B></FONT><FONT color=#800000 size=3> </FONT><FONT color=#0000ff size=3>~~~~~~~~~~~~~~~~~<BR> :::::::::::::::::: </FONT><FONT color=#800000 size=2><B>ooo</B></FONT><FONT color=#0000ff size=3>:::</FONT><FONT color=#800000
size=2><B>ooo</FONT><FONT size=2> </B></FONT><FONT color=#0000ff size=3>:::::::::::::::::::::::::::::::::::::::::::::<BR> :::::::::::::::::: </FONT><FONT color=#800000 size=2><B>( )</FONT><FONT size=2> </B></FONT><FONT color=#0000ff size=3>:::</FONT><FONT color=#800000 size=2><B>( )</B></FONT><FONT color=#0000ff size=3>::::::::::::::::::::::::::::::::::::::::::::<BR></FONT><FONT size=3> </FONT><FONT color=#800000 size=2><B>( )</B> </FONT><FONT size=2> </FONT><FONT color=#800000 size=2><B>( )<BR><BR> <BR></FONT><FONT size=4> in J A M A I C A <BR> YAH !! MON !!</B></FONT><FONT size=3>
<BR><BR><B>Quote of the Day:<BR><BR></FONT><FONT size=4>"A government which robs Peter to pay Paul can always depend on the <BR>support of Paul."</B> </FONT><FONT size=3> <BR><BR>--George Bernard Shaw </FONT></BLOCKQUOTE><p><hr SIZE=1>
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