Timesizing® Associates
dooms du jour, April/2000
[Commentary] ©2000 Phil Hyde, The Timesizing Wire, Box 117, Harvard Sq, Cambridge MA 02238 USA (617) 623-8080
4/30-5/01/2000
4/29/2000 sat (re fri biz)
4/28/2000 fri
4/27/2000 thu
4/26/2000 wed
4/25/2000 tue
4/23-24/2000
4/22/2000 sat (re Good Fri biz)
4/21/2000 fri
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4/14/2000 fri
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4/09-10/2000
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4/02-03/2000
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Click here for dooms du jour in Mar/2000.
Questions, comments, feedback? Phone 617-623-8080 (Boston) or email us.
weekend roundup per NY Times & Boston Globe:
10 past-week downsizings, costing 3,506 lost jobs
39 takeovers reported this past week, worth $8.93B+
2 bankruptcies mentioned: Costilla Energy (T), Samsung Motor (W)
vs. 2 UPsizings reported (1300 new jobs)
and 4 UNtakeovers ($414m+)
<< YTD: 189 dnsz (287,621+ jobcuts) + 760 takov ($1080.68B+)
vs. 37 upsz (28,037+=10%) + 57 untak ($93.07B+) >>
+ weekend omens:
Gates & Bullmer whine in fullpage ads all over the country
vs. glimmers of hope:
Bob Kuttner wants better tools for localities to 'housebreak' big corporations
1 weekend UNtakeover - $1.5B Dime Bancorp/Hudson United Bancorp
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
campaign central hilites Phil, Ted, and all challengers, & their websites
goodnews split in 3: regular, hightest & transition
website reactions
embryonic legislation page
30-hour bill page
opus errata
3 downsizings reported, totaling 100 lost jobs (with possible 1400 more) + unspecified:
5% workforce cut (70 Ohio & regional jobs lost) as Dairy Mart Convenience toughens profit criteria & plans to sell or close 246 of its 601 stores (if close, 1400 more jobs go), instead of 5% workweek cut (2 hrs/wk) & everyone stays employed & shopping
30 jobs vanish as Park Electrochemical circuitboards closes plumbing hardware unit in Lake "Success"
unspecified Texas+ jobs lost as Kitty Hawk air freight suspends international operations
+ suicidewatch - rising harekiri rate due to downsizings in Japan
+
8 takeovers reported, totaling $1.74B + $??undisclosed
vs. glimmers of hope:
1 UPsizing - NCR adding 1,000 jobs this year
DaimlerChrysler timesizes - modulates Jeep Cherokee output by adjusting hours, not jobs
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
2 downsizings reported, totaling 66 lost jobs:
100% workforce cut (40 NYC jobs) as Hachette Filipacchi closes rich-bitch Mirabella mag due to declining newstand sales & advertising, & competition from, e.g., More magazine (& *George*)
10% staff cut (26 Mass. jobs) as MyWay.com disdains smaller ISP clients in favor of Bell South, FleetBoston & other megafirms, vs. 10% hours cut (to 36/wk) & everyone stays working & spending
+
5 more takeovers reported, totaling $2.2B + $undisclosed
+ omens - workplace deaths up in Massachusetts
vs. glimmers of hope:
Times letter with great idea for Take Kids to Work Day
1 UPsizing - 300 new jobs as Corning doubles Oak Industries' Lasertron plant output in Bedford MA
3 UNtakeovers - $289m Coachmen by Thor, $125m Rainforest by Landry's Seafood, Staffmark spinoff of Robert Walters
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
2 downsizings reported, totaling 1,730 lost jobs:
80% workforce cut (1500 Ohio jobs) over 3 yrs as Philips Display Components worsens declining prices by cutting consumers along with costs & moving jobs to Mexico, instead of maintaining its American employees (& high-consumption spirals) by trimming hours, not jobs, for any costcuts req'd
8% workforce cut (230 Conn. jobs) as Gerber Scientific, which ordinarily cuts other firms' costs by automating mfg, now cuts its own (& everyone's consumer base), instead of doing an 8% workweek cut (to four 9.2-hr days) & keeping everyone working & spending
+
5 takeovers reported, totaling $857m + $$undisclosed
+ omens:
many lack retirement savings
Amazon.com's loss widens as sales grow
ohoh, Lincoln Electric is at it again - 1 of our prize timesizing
companies is again adventuring abroad (last time was disastrous)
vs. glimmers of hope:
merger mania slows
Times letter pans undead Star Wars missile defense
Times op ed questions federal protections for women & gays
1 UNtakeover - Eaton Corp. plans spinoff semiconductor eqpmt unit
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
1 downsizing reported - 8% workforce cut (1500 jobs) as Tecumseh small engines (eg: lawnmowers, A/C) cuts its best customers as well as its compressor operations, instead of 8% workweek cut (to four 9.2-hr days) & everyone stays employed & spending near-normally
+ omens:
consumer confidence drops again - 3rd consecutive month
ohnoyadon't! - firm tries claiming profit by excluding merger costs
+
12 takeovers reported, totaling $3.28B + $$undisclosed
+ 1 bankruptcy mention - Samsung Motor
vs. glimmers of hope:
"good, but..." - truckers required to get more rest, but longer shifts allowed
German Green wants to cut emissions with speed limits on Autobahn
NYC pushing petshops to cut # of strays by spaying
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
- today's employees are throwing away 40-hr week parents & grandparents fought for -
2 downsizings reported - 110 lost jobs + unspecified:
110 jobs cut as ATG waste mgmt "tries to relocate" instead of minimizing waste by
trimming hours for all & rearranging tasks to keep everyone working & spending
unspecified jobs lost as Jitney-Jungle closes 7 grocery stores in Alabama
+ omens - Mass. fails to enforce workers' comp, passes up $22m in fines
+
7 takeovers reported, totaling $856m + $undisclosed
+ 1 bankruptcy mentioned - Costilla Energy
vs. glimmers of hope:
U.S. wants Microsoft broken into 2 companies
primary reform gets stirring - to let voters choose from full menu of candidates
University of Oregon joins anti-sweatshop group, passes up $30m "gift" from Nike chief
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
- Happy Easter/Passover -
weekend roundup per NY Times & Boston Globe:
7 past-week downsizings - 12,560 jobcuts
46 takeovers reported this past week (worth $19.67B+)
2 bankruptcies mentioned: Pittsburgh Corning, Clark Material Handling
vs. 1 UPsizing reported (unspecified new jobs)
& 3 UNtakeovers ($290m+)
<< YTD: 179 dnsz (284,115+ jobcuts) + 721 takov ($1071.75B+)
vs. 35 upsz (26,737+=9%) + 53 untak ($92.46B+) >>
weekend omens:
bottom 20% in Latin America got 4.5% of national income while top 20% got 53%
+ 2 weekend takeover reports, totaling $$undisclosed
vs. glimmers of hope:
Pope's Easter appeal for "more just & mutually supportive" world
young academe unionizes - maybe employee viewpoint will now penetrate society & economy
+ Features:
Timesizing's hi tech candidate challenges Kennedy name & $3.6m warchest in Y2K Senate race
goodnews split in 3: regular, high test & transition
website reactions
opus errata
+ New Features:
campaign central hilites Phil, Ted & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
- Happy Earth Day! -
1 downsizing reported, totaling 50 lost jobs:
last 50 surviving jobs killed as Interval Research shuts down Silicon Valley lab
+
5 more takeovers reported, totaling $1.08B + $$unspecified
+ omens:
Nikkei posts worst week in 9 years
East Timor has 80% unemployment
"great" US jobless results today higher than bad results 50 years
ago, when one working parent could still easily support the whole family
vs. glimmers of hope:
shorter-hrs critics gagged - French output up on 35-hr workweek
NYT editorial - the Earth Day challenge: global warming [and technological employment gap]
Russia rushes to forefront in nuclear disarmament - spotlites U.S. hypocrisy & treaty blocking
1 UNtakeover - Dutch-based Baan to spin off its Aurum customer-relation-mgmt software unit
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
- America's crisis managers, dba "Chainsaw Dunlap's", are back in the groove -
3 more downsizings reported, totaling 11,780 lost jobs:
another 8% workforce cut (but this time, 11,000 jobs lost) as Winn-Dixie closes 114 supermarkets, instead of doing an 8% workweek cut (to 36.8 hrs) & everybody keeps working & shopping
700 jobs to vanish as Dominion Resources merges with Consolidated Natural Gas
& itches for extra profits, instead of trimming hours for all & keeping all employed
80 jobs up in the air as Geon says, "Oh, let's shut vinyl-films plant in
Newton MA," with not a thought about the employees
+
5 takeovers reported, totaling $1.77B
+ omens:
Medicare-at-home spending plunges 45%
vs. glimmers of hope:
Times readers support DC protesters
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
3 downsizings reported, totaling 730 lost jobs:
8% workforce cut (300 layoffs) as Sallie Mae cuts costs the wrong way, instead of doing an 8% workweek cut (to 36.8 hrs) & everyone stays working & spending near-normally
260 jobs to vanish as Dollar General stores close their Homerville distribution
center in Georgia, instead of trimming hours for all & keeping all employed
170 cuts as Willamette Industries shuts Dallas, Ore., plywood plant in June
+
8 takeovers reported, totaling $897m + $$unspecified
+ prisonwatch - US matches or beats Russia for highest rate of incarceration
+ omens:
stagnant wages & salaries
record $29.2B trade deficit
"bad, but..." - US nuclear cleanup costs rise, but it's getting done
vs. glimmers of hope:
Senate protects 18,000 acres in Colorado's Spanish Peaks
1 UPsizing (unspecified new jobs) - Smarterkids.com to open shipping ctr
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
campaign central hilites Phil, Teddy & all challengers, & their websites
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
again, no downsizings reported
but
13 layoff-inducing takeovers reported, totaling $12.13B + $$unspecified
+ omens:
after falsified dox & sabotage, Brit Nuke Fuels does cosmetic fix
post merger, post $$$MMM CEO perks, FleetBoston monsterbank hikes fees
vs. glimmers of hope:
Nemesis Dept. - stock cheerleader hooked in $45m margin call
NY state acts to kill stifling presidential primary practices of state Republicans
1 UNtakeover - Calvin Klein opts for independence vs. merger menu
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
no downsizings reported
but
15 layoff-inducing takeovers reported, totaling $3.79B + $$unspecified
+ 2 bankruptcies mentioned - Pittsburgh Corning, Clark Material Handling
vs. glimmers of hope:
"good, but..." - stocks rebound, but nerves frayed
"nature's centrifuge" - of wealth - stirs again: inflation up a smidgeon
35-hr workweeks, birthcontrol in highschools, now Marriage Lite:
France is again leading the world into the Third Millennium
1 UNtakeover - Coachmen rebuffs Thor's $289.6m offer
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
weekend roundup per NY Times & Boston Globe:
no bankruptcies mentioned but
5 past-week downsizings - 1850+ jobcuts
47 takeovers reported this past week (worth $18.25B+)
vs. 5 UPsizings reported this past week (unspecified new jobs)
& 6 more UNtakeovers ($18.38B+)
<< YTD: 172 dnsz (271,555+ jobcuts) + 675 takov ($1052.08B+)
vs. 34 upsz (26,737+=10%) + 50 untak ($92.17B+) >>
+ weekend omens:
Columbine, so what?! - America too dumbed-down to learn?
"economic boom"?? - more patients & less $$ for clinics for disadvantaged
"economic boom"?? - now they're admitting big problems in China
vs. glimmers of hope:
NYT & Globe both front protests in DC vs IMF
NYT evinces concern for long term in financial markets
foundation initiative to boost diversity in nation's newsrooms
prominent minority newsperson scales down worktime for family
+ Features:
Timesizing's hi tech candidate challenges Kennedy name & $3.6m warchest in Y2K Senate race
goodnews split in 3: regular, high test & transition
website reactions
opus errata
+ New Features:
30-hour bill page
embryonic legislation page
"Dear Bill Gates"
- real managers realize the flow from payroll to markets -
2 downsizings reported, totaling 1350 lost jobs:
850 good-paying Atlanta jobs to poor-paying Mexico as Solectron
cellphones conceives of competitiveness only in market-shrinking terms (& slow suicide)
2% workforce cut (500 layoffs) as BF Goodrich closes Texas plant due to dropping demand for landing gear, instead of just 2% workweek cut (48 mins. a week) & everyone lands smoothly
+
9 takeovers reported, totaling $984m + $$unspecified
+ omens:
"April is the cruelest month" - stox in steep drop,
speculators flee, Dow down 618, Nasdaq has worst week ever
Jeff Faux sets the record straight: 90,000 Nafta 1999 job casualties
vs. glimmers of hope:
Russia finally approves Start II 50% nuclear arms cuts,
counters dopes in US who want to revive Star Wars
Nader's presidential bid makes front page of the Times
3 UNtakeovers - Brussels blocks $14B Veba-Viag vedding,
Bonn-Berlin blocks $4B blender of RWE & VEW, Chicago's MarchFirst spins off MarketsWork
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
- real companies don't merge, real CEOs don't look to merge -
no downsizings reported
but
5 layoff-inducing takeovers reported, totaling $495m + $$unspecified
+ omens - Tech stocks tumble for 4th day - Nasdaq off 92 as Dow falls 201
vs. glimmers of hope:
stirring time awareness - readers blast 80-hr workweeks,
customer time loss due to mergers
2 UNtakeovers - Ford spins off Visteon autoparts unit, EU blocks Alcan from gulping Pechiney
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
1 downsizing reported - unspecified layoffs as Smithfield Foods' Morrell unit
gobbles Farmland's pork plant in Dubuque & slams slaughter operations there
+
yet 11 more takeovers reported, totaling $2.11B + $$unspecified
+ omens - Nasdaq erratiq ushers in the bears
vs. glimmers of hope:
Times reader excoriates IMF
2 UPsizings (unspecified new jobs) - Staples opens 170 stores
this year, Filene's Basement reopens 3 DC stores after 5 mos' closure
1 UNtakeover - Blackstone backs out of $375m buy of Kroll-O'Gara private eye
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
1 downsizing reported - unspecified layoffs as Inso e-biz software churns
top execs, slams its Boston HQ & consolidates operations in Providence
+ 1 new bankruptcy mentioned - Hedstrom unit of LBO artists Hicks Muse Tate & Furst -
& 1 general observation: bankruptcies in 1 hitech state down from previous year
+
11 more takeovers reported, totaling $8.56B + $$unspecified
vs. glimmers of hope:
Greenspan calls for training
+ Features:
Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
1 downsizing reported - 500 recent layoffs in Ft Worth at Lockheed
+
11 April 11th takeovers reported, totaling $6.59B + $$unspecified
+ omens:
Internet takeovers fuel 23% increase in Brazilian mergers
IMF tries forcing "reform" (ie: privatization) of Philippine power company
vs. glimmers of hope:
plans for World Bank protest this weekend in DC rev up
protesters launch World Bank bond boycott - may deliver potent economic punch
3 UPsizings - IBM 1000 new jobs, Office Depot 100 new stores/yr x 5 (?? jobs),
Honda "significant" new jobs in England
+ Features:
Timesizing's hi tech candidate challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
embryonic legislation page
30-hour bill page
"Dear Bill Gates" page
weekend roundup per NY Times & Boston Globe:
10 past-week downsizings - 2615+ jobcuts
44 takeovers reported this past week (worth $30.77B+)
4 bankruptcies mentioned: 3 new - CHS Electronics, Vista Eyecare, System Software,
1 repeat - Levitz Furniture
vs. 7 UPsizings reported this past week (4300+ new jobs)
& 6 UNtakeovers ($31.55B)
<< YTD: 167 dnsz (269,705+ jobcuts) + 628 takov ($1033.83B+)
vs. 29 upsz (26,737+=10%) + 44 untak ($73.79B+) >>
vs. glimmers of hope:
readers dub shallow Fallows' "Shadow of Wealth" piece in Times Mag
+ Features:
Timesizing's hi tech candidate challenges Kennedy name & $3.6m warchest in Y2K Senate race
goodnews split in 3: regular, high test & transition
website reactions
opus errata
+ New Features:
30-hour bill page
embryonic legislation page
"Dear Bill Gates"
- CEOs continue to miss the connection between their payrolls & their markets -
4 downsizings reported, totaling 1500 cuts + unspecified:
7.5% workforce cut (1500 jobs) as CompUSA cuts costs (& its own best market, its own employees) after takeover last month by Grupo Sanborns of Mexico, instead of 7.5% (3-hr) workweek cut for all (whatever happened to captains "going down with the ship"?) & everyone keeps working, earning, spending near-normally (& buying computer stuff!)
+ unspecified cuts at: Activision in Santa Monica
AT&T's consumer long-distance unit
FleetBoston
+
2 takeovers reported, totaling $77.4m + $unspecified
+ 2 bankruptcies mentioned - new: System Software, - repeat: Levitz Furniture
vs. glimmers of hope:
biotech CEO to step down, take some time off, think about his next 10-20 years
"good, but"...: economy upsizes by 416,000 new jobs in Feb, 4-yr monthly record, but counts part-time
same as full-time & new jobs generally more casually demanded (& lower paid) than old
1 UNtakeover - GTech Holdings calls off $48.6m gobble of On-Point Tech
+ Features:
Timesizing.com challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
"Dear Bill Gates" page
embryonic legislation page
30-hour bill page
2 downsizings reported, totaling 10,000,030 cuts + unspecified:
10M layoffs scheduled by state companies in China by year-end, instead of sharing the vanishing employment by trimming the workweek to fit (companies unnamed so excluded from our YTD totals)
10% staff cut (30 jobs) as UtilPro of Atlanta, a unit of AGL Resources, owner
of Georgia's largest natural gas utility, downsizes, instead of doing a 10% hours
cut (to 36/wk) & keeping everyone employed & earning & spending
+
9 takeovers reported, totaling $1.29B + $$undisclosed
+ omens:
Suiza Foods has 80% monopoly of Massachusetts milk market
last wk no-profit DrKoop.com's stock drops, now MotherNature.com pressed to turn profit
vs. glimmers of hope:
Globe editorial hammers 16-hours shifts for nurses
4 UPsizings - Best Buy (200), Enron (?), Southern Energy (?), St. Regis Mohawk casino (?)
2 UNtakeovers - Mitchell Energy vs. any takeover, Pixelpark vs. $2.3B takeover of Cell Network & Mandator
+ Features:
Timesizing.com challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
"Dear Bill Gates" page
embryonic legislation page
30-hour bill page
Happy Black Bill Day!
- 67 years ago today, the U.S. Senate passed a nationwide 30-hour workweek bill -
2 downsizings reported, totaling 900 additional cuts & unspecified job losses:
6.6% workforce cut (900 mostly European jobs) as DuPont tries to improve
profit at Herberts paints unit it took over last year, instead of a 6.6% workweek
cut (to 37.4 hrs) for all & everyone keeps earning & spending near-normally - & buying paints
unspecified jobs lost as Chick Apple Orchards of Maine, founded the same year as passage of the
Black Bill, plans to go out of business for mysterious reasons
+
7 more takeovers reported, totaling $2.3B + $$undisclosed
+ 1 bankruptcy mentioned - Vista Eyecare of Ga., #3 optical retailer
vs. glimmers of hope:
Amnesty International preps scorecard to rope megafirms into social responsibility
1 UPsizing - GTE Networking to hire 500 geeks in Mass.
1 UNtakeover - Deutsche & Dresdner cancel their $29B bank merger
+ Features:
Timesizing.com challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
"Dear Bill Gates" page
embryonic legislation page
- April 6 is 67th anniversary of passage of 30-hour workweek bill through US Senate -
1 forced move (downsizing here, upsizing there) reported:
66 jobs vanish in western Mass., "reappear" in eastern Mass. as Lycos moves
2 divisions from Berkshire Mtns to industrial Boston 'burb
+
7 takeovers reported, totaling $2.98B + $$undisclosed
+ 1 bankruptcy mentioned - CHS Electronics, Miami
+ omens:
our future? - Japanese economy in recession & premier in coma but
stocks still roaring, so can completely ignore recession (i.e., jobless), right?
Nasdaq yoyos 575 & Dow 504 - no bubbleburst so no problem, right?
U.N. says bad govt causes poverty (no kidding!)
vs. glimmers of hope:
jailed Mexican rainforest fighter to get $125,000 from US environmentalists
2 UPsizings, totaling 2600 new jobs - HP builds plant outside Nashville with 1600 new jobs by 2001
- DLJ Direct to open customer service center with 1000 new jobs in Sandy City, Utah
1 UNtakeover - Bain Capital drops $200m purchase of VDI Multimedia
+ Features:
Timesizing.com challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
"Dear Bill Gates" page
embryonic legislation page
1 downsizing reported:
119 more jobs phased out than the 800 expected as Norfolk Southern RR employees "read the handwriting on the wall," take early retirement & get out while the getting's good
+
15 takeovers reported, totaling $13.03B + $undisclosed
vs. glimmers of hope:
Dutch save Earth's first space station
Microsoft's omnipotence finds its limit
state term-limits laws working
1 UNtakeover - Staff Leasing Inc drops sale option
+ Features:
Timesizing.com challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
"Dear Bill Gates" page
embryonic legislation page
weekend roundup per NY Times & Boston Globe:
yet 8 more past-week downsizings - 169,780 jobcuts
53 takeovers reported this past week (worth $57.03B+)
vs. 1 UPsizing reported this past week (4000 new jobs)
& 2 UNtakeovers ($?)
<< YTD: 157 dnsz (267,090+ jobcuts) + 584 takov ($1003.65B+)
vs. 22 upsz (22,437+=8%) + 38 untak ($42.24B+) >>
+ 4 weekend takeovers, totaling $11.1B
+ weekend omens - Worcester MA nurses strike over
mandatory overtime (wasn't this outlawed in 1938?!)
vs. glimmers of hope:
Mass. pioneers strictest handgun laws in USA
4 readers dispute 'prize' for status quo from easily satisfied Times columnist
+ Features:
Timesizing.com challenges Kennedy name & $3.6m warchest in Y2K Senate race
scan to bottom of Bibliography for newly discovered great-great-grandaddy of Timesizing
goodnews split in 3: regular, high test & transition
website reactions
opus errata
+ New Features:
"Dear Bill Gates"
embryonic legislation page
4 downsizings reported, totaling 160,420 additional lost jobs:
160,000 Japanese jobs lost last month as nation plows into recession
Xerox to kill 200 more jobs than previously reported for 5% total workforce cut (5200 jobs), instead of 5% workweek cut for all (to 38 hrs) & everyone stays together, earning, spending, making copies...
4.4% staff cut (200 jobs lost) as Steris sterilization systems restructures, instead of 4.4% hours&pay cut for all (to 38.2/wk) & everyone keeps working & spending near-normally
20 jobs eliminated as Summit Technology surgical lasers of Waltham, Mass. cuts costs (& potential market) instead of doing the minimum necessary departure from status quo & trimming hours, not jobs
+
4 takeovers reported, totaling $807m + $undisclosed
+ omens:
Japanese unemployment at record
U.S. executive pay up 21%
"bad news, but..." - DrKoop.com stock plummets since it's never made a profit, but if this is the start of the Internet shakeout & bubbleburst, the sooner the gentler
vs. glimmers of hope:
Maine pioneers campaign finance reform
farmers are scaling back genetically altered crops
1 UPsizing reported - UPS agrees to create 4000 full-time jobs
2 UNtakeovers - Veterinary Centers of America Inc. goes private, &
Colony Capital Mgmt's mgmt manages to buy out company from United Asset Mgmt
+ Features:
Timesizing.com challenges Kennedy name & $3.6m warchest in Y2K Senate race
+ New Features:
"Dear Bill Gates" page
embryonic legislation page
Click here for dooms du jour in Feb/2000.
Click here for dooms du jour in Jan/2000.
Click here for dooms du jour in Dec/99.
Click here for dooms du jour in Nov/99.
Click here for dooms du jour in Oct/99.
Click here for dooms du jour in Sept/99.
Click here for dooms du jour in Aug-July/99.
Click here for dooms du jour in Jun-May/99.
Click here for dooms du jour in before Apr.30/99.
For more details, see our laypersons' guide Timesizing, Not Downsizing, which is available online from *Amazon.com and at bookstores in Harvard and Porter Squares, Cambridge, Mass.