Timesizing® Associates
dooms du jour, September/2000
[Commentary] ©2000 Phil Hyde, The Timesizing Wire, Box 117, Harvard Sq, Cambridge MA 02238 USA (617) 623-8080
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only 2 takeovers reported, totaling $662m
+ record 6 downsizings reported on one day, totaling 1,402 + unspecified lost jobs:
600 lost Ill. jobs as Unilever closes Chicago plant & moves production to other states
35% workforce cut (350 lost US jobs) as Rockwell scales back its electronic commerce
biz, instead of 35% workweek cut (to 26 hrs) & keeping everyone working & e-shopping
350 more US jobs lost as Mattel Inc. shrinks its HQ & its dividend
53% workforce cut (80 Dallas jobs gone) as Beal Aerospace goes
into sudden panic in response to "over budget & behind schedule"
20% staff cut (22 lost US jobs) as Space.com overgrows & consolidates with a
"thanks, now get lost," instead of doing a 20% hours&pay cut for all & keeping
everyone together, secure, working, earning, & playing around on the Internet
unspecified jobcuts as Bausch & Lomb 'recovers' from its
takeover of Chauvin with lower & lower earning forecasts
+ omens:
savings low but spending up (so depression checked) but consumer debt ??
GOP reveals its true big-government colors
vs. glimmers of intelligence:
Lieberman may be a bit too cozy with big corporations, but he can & does take time off
new movement to revive Native American languages & their structuring of reality
songwriter Sigman - "Enjoy yourself, it's later than you think"
6 more takeovers reported, totaling $2.83B + $??
+ 1 downsizing reported:
1100 Atlanta jobs cut as WebMD
consolidates & cuts costs
(& its own throat) in the wake of its takeover of
Medical Manager - how about some managing instead of just acquiring & firing?!
+ omens:
Philadelphia mayor wants longer workday & workyear for teachers
vs. glimmers
of intelligence:
53% of Danish voters nix the Euro
% of Americans with health insurance rises after falling for 11 straight yrs
FDA approves abortion pill - Gore agrees, Bush disagrees
Ways & Means approves more safeguards on SS ##
eternal-PM Pierre Elliott Trudeau - & his wit
6 takeovers reported, totaling $4.78B + $??
+ 4 downsizings reported, totaling 4,410 lost jobs:
10% workforce cut (3000 jobs lost) as Mexico's 3d-biggest bank amputates
toward efficiency, instead of just trimming hours&pay 10% for everyone (to
36/wk) including top execs & keeping everyone employed, earning & banking
1005 US & British jobs cut as First Data creditcards "tries to increase profits"
300 Texas jobs lost as Supreme Beef CEO Steve Spiritas would rather 'die' in Chap.11 if
he can't 'live free' with good old 'poke&sniff' meat inspections vs. modern scientific tests
25% staff cut (105 US jobs lost) as Viacom cuts MTVi in over-reaction to unsustainable
market for digital entertainment, instead of 25% hours&pay cut for everyone (to 30-hr
workweek) & keeping everyone employed & getting ideas on the Web's real potential
+ 4 corporate settlements ($??) noted:
4 brokerages settle with SEC for poor oversight
+ 1 bankruptcy mentioned:
Texas meatpacker files for Ch.11
vs. glimmers
of intelligence:
2 UPsizings - 60 new jobs at Tvisions in New England & ?? new jobs at Land Rover in old England
womens' top gripe is time crunch - Timesizing to the rescue!
Putin prudently postpones impovershment of 1/3 of his military
Canadians have more political choices than Americans - 5 viable parties
2 downsizings reported, totaling 1225 lost jobs:
1200 Illinois jobs cut as ABC-Naco RR products closes a
factory to save money (& effectively 'saves' a lot of local shopping as well)
45% staff cut (25 Calif. jobs lost) as Adatom.com cuts spending to focus on
partnerships in China, instead of 45% hours&pay cut for everyone (to 22 hrs),
keeping everyone employed & minimizing damage to consumer base
+
11 takeovers reported, totaling $4.21B + $undisclosed
+ 2 corporate fines/settlements reported ($83.5m):
Aetna $82.5m Caleb Brett $1m
vs. glimmers
of intelligence:
Bucky Fuller posthumously gets his wish - fuel cells receive investment money
'modified rapture' - CEO of Clorox shares his $300k bonus - but only with senior mgmt
12 takeovers reported, totaling $14.31B + $undisclosed
+ 1 corporate downsizing reported (300 lost jobs) & 1 industry's stats (4805 lost jobs):
17% workforce cut (300 Euro jobs lost) as tiler Armstrong closes a British plant &
prunes unprofitable product lines & sales offices, instead of doing a 17% workweek cut
for everyone (to 33 hrs) & keeping everyone employed, spending & buying tiles &c.
4805 just-created jobs now gone as our hot new dot-com industry reaps the
grim harvest of founding startups just to get out rich - & fast
+ 1 corporate fine/settlement reported ($7.8m):
#3 credit-card issuer hit for misleading ads re low-rate cards
+ omens:
reader despairs of relevance in the 2-party debates
Q: why hasn't electricity cost dropped? (A: side-effect of dereg)
vs. glimmers
of intelligence:
Senate approves $8B plan to aid Everglades
taco recall spurs labeling of frankenfoods
analyst Tom Brown opposes merger mania
owner Charlie Butcher is sharing $18m with employees from sale of Butcher Co. cleaning supplies
weekend roundup per the NY Times and the Boston Globe:
17 downsizings reported this past week, costing over 9,815 + lost jobs
23 takeovers reported this week, worth $11.71B + $undisclosed
4 bankruptcy mentions, with $1.1B debt + $unreported
3 corporate fines/settlements mentioned ($115.7m)
vs. 0 UPsizings (0 new jobs)
+ 0 UNtakeovers reported ($0)
< YTD: 409 dnsz (452,595+ jobcuts) +1748 takov ($1921.17B+)
vs. 109 upsz (77,281+=17%) +112 untak ($111.26B+) >
+ twin $256m weekend settlements, totaling $512m - re Sotheby's & Christie's cheating buyers & sellers
+ 1 weekend prison story: Prison Health Services, the "HMO behind bars"
+ weekend omens:
stock drops are just the surface - if your brokerage fails,
you confront the industry's sham insurance scheme, "SIPC"
in Boston, 9-hour-workday dad forgets baby in car, baby dies
firms will do anything but offer more pay & training and less work
vs. glimmers of hope:
in NC, Warren Wilson College involves students in its upkeep
4 downsizings reported, totaling 4300 lost first-world jobs + unspecified:
5.4% workforce cut (2300 Japan jobs lost) as phone giant NTT shrinks regional
offices to save $560m & meet stiffer rivalry, instead of doing 5.4% workweek cut for
everyone (to 38 hrs) & keeping everyone employed, spending & making phonecalls
2,000 just-created jobs now trimmed as new Canada's new monopoly airline,
Air Canada, resumes workforce proportions before takeover of Canadian Air
unspecified U.S. jobs lost as Wolohan Lumber closes 4 midwest stores
unspecified Taiwan jobs lost as Sony Video moves to Malaysia
+
2 takeovers reported, totaling $750m + $undisclosed
+ 1 corporate fine/settlement reported ($45.5m):
judge slams pilots' union for ignoring meddlesome 'stop-strike' order
+ 1 prison mention:
looong-delayed inmate compensation for Attica overkill
+ omens:
U.S. still in 'helpless mode' on population expansion
vs. glimmers
of intelligence:
US House votes to repeal retroactive part of '96 Immigration Law
Swiss Senate votes to ease laws against reproductive privacy
Clinton approves use of oil from US reserves to ease prices
- but should up tax earmarked for hybrid & electric vehicles
Canada debates cutting exhorbitant fuel tax to ease prices
- & whose revenues are not earmarked for alternatives
2 downsizings reported, totaling 2900 lost jobs:
10% workforce cut (2300 midwest jobs lost) as KeyCorp saves money by cutting
its own best customers, its employees, instead of doing a 10% workweek cut
for all (to 36 hrs) & keeping everyone employed, earning, spending & banking
600 Belfast jobs lost as Titanic-builder Harland & Wolff
"rearranges the deckchairs" on its own corporate Titanic
+
8 takeovers reported, totaling $1.98B + $undisclosed
+ 1 bankruptcy mention:
eSeated.com lists self on eBay to avoid Chap. 11
vs. glimmers of intelligence:
1 UPsizing - 500, maybe eventually 900, heavily
subsidized new jobs in South Bronx as Webvan moves its e-distribution ctr
into Alexander's big old building (THIS is a labor shortage/job surplus??? [- and upsizing CANCELLED next day anyway by revelations of Webvan losses])
another nurses' action against mandatory overtime, this time in New Jersey
reader nails long(-winded) John Silber for proposing unelected elected officials
starting with His Ducal Majesty, Senator Edward M. Kennedy
Boston reader nails Lexingtonian who spent 700 words explaining
why commercial flights sound different from airforce flights
3 more takeovers cited, totaling $3.4B
+ 4 more downsizings reported, totaling 1155 lost jobs:
500 + unspecified US jobs lost as Brown & Williamson Tobacco cuts costs
6.6% workforce cut (400 US jobs lost) as Saturn spins its wheels until new
projects start up late next year - but incentives of up to $25k are offered for job
sharing, a form of Timesizing, as well as quitting, early retirement & unpaid leave
145 US jobs lost or "moved" as New England Business forms 'shellgames' its
numerous plants, closing 2, moving a 3rd... - never mind employees
110 jobs cut as Optimark tries to save money by suspending
equity trading on Pacific Exchange & Nasdaq
+ 1 suicide story:
3 wks trying to revive ailing
Japanese bank & new prez hits the Big Exit
vs. glimmers
of intelligence:
Ky. hillbillies go green
SW Indians go broadband
Ralph Nader goes complementary (& complimentary)
+ Features: "Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race
why all this Timesizing when we've got record "low unemployment"?!
bibliography page
lost key to small government
website reactions
embryonic legislation page
30-hour bill page
opus errata
3 takeovers cited, totaling $2.16B
+ 4 downsizings reported, totaling 575 lost jobs:
11% workforce cut (400 Mass. jobs lost) as Informix
fights competition & slow sales implementation, instead
of trimming 11% of its workweek for everyone (to 35.6
hrs) & keeping everyone employed, earning & spending
175 NY jobs lost as Pseudo web entertainment shuts down
after failing to draw enough viewers to draw enough advertisers
unspecified Dixie jobs lost as Archer Daniels shutters 2 cottonseed
plants + 2 cottonseed processing operations, citing poor market conditions
unspecified Detroit jobs lost as Pro Air suspends flights after FAA revokes license
+ 1 bankruptcy mention:
Pathmark emerges from Chap. 11 with $1B debt-pay plan
vs. glimmers
of intelligence:
1 UPsizing - unspecified new jobs as Estée Lauder plans
up to 260 new stores (colleague Kate - "Like we need more cosmetics stores?")
1 UNtakeover - Informix splits to do own database & ebiz for rival databases
labor lawyer sounds off on pervasive flouting of overtime laws in America
3 downsizings reported, totaling 885 lost jobs:
19% workforce cut (540 US jobs lost) as Kaiser really 'settles' a strike, instead of
trimming 19% of its workweek for everyone (to 32 hrs) & keeping everyone together
295 U.S. jobs lost as Mead packaging closes 3 plants, instead of closing down part of
their workweek & keeping everyone earning, shopping & creating a market for packaging
36% staff cut (50 U.S. jobs lost) as Deja.com product reviews misses the wave of
dot-com IPOs & tries to conserve cash by wasting its morale, instead of doing a 36%
hours&pay cut for everyone (to a 25.6-hr wk) & keeping everyone together working,
spending, using their own reviews, & 'chatting them up' on the Web
+
4 takeovers cited, totaling $3.16B + $??
+ 2 corporate fines/settlements reported ($70.2m):
Bayer US ponies up $14m for lying re wholesale drug prices
3 big paper firms to shell out $56.2m for price-hiking plot
+ 2 bankruptcy mentions:
Specialty Foods cookies does it
General Cinema Theaters thinks about it (Chapter 11)
+ omens:
Ted Kennedy still pushing a wage floor instead of a workweek ceiling
- putting out maximum effort for minimum return
vs. glimmers
of intelligence:
usually virtuous Canada gets WTO ban on exporting carcinogen
Mainiac greens get a grip on their logging industry
weekend roundup per the NY Times and the Boston Globe:
16 downsizings reported this past week, costing over 9,445+ lost jobs
41 takeovers reported this week, worth $50.36B + $undisclosed
1 corporate fine mentioned ($400k)
1 bankruptcy mention
vs. 3 UPsizings (700+ new jobs)
+ 2 UNtakeovers reported ($??)
< YTD: 392 dnsz (442,780+ jobcuts) +1725 takov ($1909.46B+)
vs. 109 upsz (77,281+=17%) +112 untak ($111.26B+) >
+ 3 weekend takeover reports, totaling $256m + $undisclosed
+ weekend omens:
3 more readers see thru the evermore strained assurance that "we're doin' great"
vs. glimmers of hope:
major frontpage article on the workweek in the Sunday New York Times
another reader debunks "labor shortage" in high tech (visible only to employers)
Tennessee ends some abortion curbs
Brookline Mass. leads in green initiatives
LA teacher touts performance-based assessment vs. standardized tests
4 downsizings reported, 650 lost jobs + unspecified:
6% workforce cut (400 U.S. jobs lost) as Dime Bancorp trims costs
(& its own best customers), instead of trimming 6% of its workweek
for everyone (to 34 hrs) & keeping everyone earning & banking
25% staff cut (225 U.S. jobs lost) as AltaVista tries for pre-IPO profitability,
instead of doing a 25% hrs&$$ cut for everyone (to 30/wk)
& keeping everyone employed & Web surfing & searching
20% staff cut (225 Mass. jobs lost) as MotherNature.com slashes costs
& chews off its own paws, instead of doing a 20% workweek cut for everyone
(to four 8-hr days) & keeping everyone together working & buying Web vitamins
?? Ala. jobcuts as Cargill finalizes layoff at plant closed 5 mons. before
+
6 takeovers cited, totaling $245m + $undisclosed
+ 1 bankruptcy mention:
Singer emerges from Ch. 11
+ 1 prison mention:
murder in Nassau County jail - by guards
vs. glimmer of inspiration:
Aaron Warner obit - fought a rearguard battle for labor
2 downsizings reported, 1,645 lost jobs:
9% workforce cut (950 U.S. & 650 Mex. jobs lost) as Burlington (textiles) overreacts to
trend toward casual & falling export demand, instead of 9% workweek cut for everyone
(to a 36½-hr wk) & keeping everyone together, working, earning, & buying clothes
45 more Calif. jobcuts reported today at LA Times (above yesterday's 125)
+
7 takeovers cited, totaling $1.23B + $undisclosed
+ 1 corporate fine/settlement reported ($400k):
DaimlerChrysler pays, over two recall delays [rhymes & scans!]
+ omens:
economists cost out gun violence at $100B/yr for Americans
vs. glimmers of hope:
1 UNtakeover - U.S. Industries spins off Lighting Corp and Spear&Jackson
Swiss group buys freedom for 4k slaves (27m still left)
Nader beats MasterCard's wrap ("he's stealing our endorsement!")
electricity mess, airline mess, phone mess embarrass true believers in deregulation
6 downsizings reported, 4500 lost jobs:
'a few thousand,' say 3000, to be cut as
Chase takes over JP Morgan & eliminates overlap
550 jobs to 'move' from Mass. to Texas as Verizon starts into its Raytheon act
Navistar cuts another 500, this time in Springfield, Ohio
200 cuts in Colorado & Texas as Marathon Oil consolidates
15% staff cut (125 lost NYC jobs) as StarMedia strains to get into the black
by cutting costs & some of its own best boosters, instead of a 15% hours cut
for all (to a 34-hr wk) & keeping everybody working, earning, & together
125 more jobs lost, this time in Calif., as the LA Times abandons
14 local newspaper businesses to quit hemorrhaging $$
+
10 takeovers cited, totaling $35.72B + $undisclosed
vs. glimmers of hope:
2 UPsizings - 500 jobs at new Lowe's distrib center in Ohio,
?? jobs at new Panda Energy powerplant in Illinois
1 UNtakeover - Conexant spins off Web unit
major US airlines urge FAA to shorten current 16-hour maximum workday for pilots & close loophole
2 downsizings reported, totaling 2,630 lost jobs:
0.9% workforce cut (over 2500 lost U.S. jobs) as J. C. Penney closes 45 department
stores & 279 Eckerd drugstores instead of merely trimming 0.9% of their workweek (22
mins/wk), adjusting workload & keeping everyone together, working, earning & spending
0.6% staff cut (130 lost Ohio jobs) as La-Z-Boy closes its Swanton furniture plant in
over-reaction to Asian imports, instead of just doing a 0.6% hours&pay cut (less than 15
mins/wk) & maintaining all of its own best customers & marketers = its own employees
+
8 more takeovers cited, totaling $1.19B + $undisclosed
+ 1 bankruptcy mention:
broke Burnham malls should have
sold out at $13.50/share instead of liquidating at $6 a year later
+ omens:
Brit shutdown over 76% gov't gas taxes despite rocketing prices
world model of sustainable energy in Boston convention center in peril
broadcasting industry pays $11m to block US campaign finance reform
cig firms researching ways to hide 2d-hand smoke without making it safer
national poverty line too low, totally obsolete for New York & other cities
Stone&Webster stiffs quality&service, rewards architect of own demise
vs. glimmers of hope:
Irish emigration reversed
Selma elects black mayor
GOP flips & wants pay down US debt
Amtrak reports record riders & revenues
1 downsizing reported, unspecified lost jobs:
layoffs in SD as Homestake closes goldmine
after falling gold prices zeroed rising efficiency
+
8 takeovers cited, totaling 11.45B + $undisclosed
+ omens:
butterflies losing wintering grounds of Mexican forest
nations needing Timesizing - post-apartheid South Africa & still-depressed Japan
vs. glimmers of intelligence:
1 UPsizing - 200 Nice new engineering jobs at T.I. in France
"good, but" - Japan noses up for second consecutive quarter but via higher government spending
weekend roundup per the NY Times and the Boston Globe:
10 downsizings reported this past week, costing over 16,191+ lost jobs
48 takeovers reported this week, worth $55.31B + $undisclosed
3 corporate fines mentioned ($43m)
2 bankruptcy mentions
vs. 2 UPsizings (1,015 new jobs)+ 2 UNtakeovers reported ($1.1B+)
< YTD: 376 dnsz (433,335+ jobcuts) +1684 takov ($1859.1B+)
vs. 106 upsz (76,581+=18%) +110 untak ($111.26B+) >
Also, 1 weekend downsizing report:
15% workforce cut (20 lost Calif. jobs) as Shockwave.com refocuses on interactive entertainment, instead of 15% workweek cut (to 34 hrs) & everyone stays together, earning, spending & not in shock
+ 2 weekend takeover reports, totaling $523m
vs. glimmers of hope:
reader debunks "worker shortage" in high tech
16-yr-old lashes major parties as bor-ing & wants Nader to spice debates
1 'industry'-wide downsizing reported, totaling 350,000 lost jobs:
30% workforce cut (350k Russian jobcuts) as Putin slashes the military to cut costs, when he should be enforcing a national 40-hour workweek by a severe overtime tax with complete exemption for reinvestment in on-the-job training & hiring in overtime-targeted skills, & then gradually lowering that overtime-tied reinvestment-engine, 30% if needed, to provide full employment & WallStreet-to-wages centrifugation of income&wealth
+
3 takeovers cited, $$$ undisclosed
+ 1 corporate fine/settlement reported ($??):
Streambox complies & pays RealNetworks for © violation
+ 2 prison mentions:
good - South Africa releases 11,000
bad - Spain wants to treat young Basque fighters like adults
+ omens:
Antarctic ozone hole now 3x size of U.S.
Canada's jobless increase
"if technology makes our lives easier, why are we so stressed out?"
vs. glimmers of intelligence:
Calif. insists on more non-polluting vehicles - goodfornothing GM squawks
Alberta will send every taxpayer two $100 cheques as gas royalty share
Verizon will grant stock ops to most employees
3 downsizings reported, totaling 12,900 lost jobs:
15% workforce cut (12,800 lost US jobs) as Qwest boosts technology &
bashes humanity in the wake of its US West takeover, instead of doing a 15%
workweek cut (to 34 hrs/wk) for all & keeping everyone working & phoning
9% staff cut (100 Mass. jobs) as PictureTel overreacts to 3 yrs of losses,
instead of just doing a 9% hours&pay cut for everyone (to 36.4 hrs/wk)
& keeping everyone employed, focused & shopping near-normally
unspecified Calif. jobcuts as Strouds goes Ch. 11 & closes 9 stores
+
7 takeovers cited, totaling $6.38B + $??
+ 1 corporate fine/settlement reported ($37.5m):
FTC slams 3 Calif. pornsite operators for fraudulent billing
+ 2 bankruptcy mentions:
broke APBNews' assets sold off to SafetyTips
its bed&bath linens have turned into shrouds, as Chapter 11 claims retailer Strouds
+ 1 prison mention:
Justice reads Louisiana the riot act on its medieval youth-prisons
+ omens:
speaking of 'medieval,' U.N. touts charity
French truckers' strike spreads
vs. glimmers of intelligence:
1 UPsizing - 1000 new Chicago jobs by 2003 at new Ford parts plant
1 UNtakeover - Latin America's richest man spins America Movil off from Telmex
Clinton's veto of estate-tax repeal survives in the House of Reps
S.F. judge rules OK for docs to recommend marijuana
reader says guns need liability insurance like cars
more arguments to include Nader in debates
3 downsizings reported, totaling 2,939 lost jobs:
1900 lost UK jobs as Coats Viyella reacts disastrously to a
downturn in British clothing sales & guarantees a deeper downer
16% workforce cut (900 worldwide jobs) as former software powerhouse Novell
cuts costs & its own best markets & marketers, instead of just cutting 16% of its
workweek (to 33.6 hrs/wk) & keeping everyone employed & buying software
139 jobs lost as Corel guts its Dublin operation to 'slash' expenses
(& put another dent in the global consumer base)
+
14 takeovers cited, totaling $32.08B + $??
+ 1 corporate fine/settlement reported ($5.7m):
Harman Int'l must pay Bose for infringing patent
+ omens:
SEC names 33 for hyping stocks in chat rooms...
vs. glimmers of intelligence:
impossible! - unemployment drops again in
'uncompetitive' 6-wk-vacationing German economy (don't say our masochism is in vain!!!)
- back to 'normal' -
2 downsizings reported, totaling 288 lost US jobs:
40% workforce cut (220 lost Mich. jobs) as GM overreacts
to a 20% sales drop in its Cadillac Eldorados, vs. a 40% work
week cut (to 26 hrs/wk) & everyone stays employed & in the car market
85% staff cut (68 lost Calif. jobs) as DreamWork's Pop.com fails to find a buyer
& closes before opening (if they couldn't run it themselves, why'd they start it?)
+
15 takeovers reported, totaling $9.45B + $??
+ omens:
more forced overtime - at EarthGrains
HMO costs to take their third jump in Jan. by 10-30%
- 1/7 of small firms will drop health insurance - health costs "out of control"
vs. glimmers of intelligence:
1 UPsizing - 15 new US jobs at eHotHouse
1 UNtakeover - Fisher Scientific veers away from $1.1B deal for PSS World Medical
NYT columnist nails bogus 'labor shortage'
Greenspan suggests dropping mortgage subsidy
- US mkts closed Mon, so -
no jobcuts reported, but...
7 cut-courting takeovers reported, totaling $1.5B +$??
+ 1 prison mention, but good this time:
inmates happy fighting fires
+ omens:
Arctic pack ice gone - RCMP boat does 27-mon. NW Passage in 1
loons taking on methylmercury from incinerators &
coal-power plants, producing weak eggshells & half broods
30,000 Americans die yearly from gunfire, including 4000 kids & teens
vs. glimmers of intelligence:
consensus on flight delays = deregulation
flexible temporary employment rising & gaining pay & benefits
FTC threatens to block AOL-Time Warner merger - quit threatening & just DO IT!
- Labor Day again, & still no progress -
weekend roundup per the NY Times and the Boston Globe:
12 downsizings reported this past week, costing over 6,004+ lost jobs
45 takeovers reported this week, worth $32.91B + $undisclosed
12 corporate fines mentioned ($3,842.59m)
1 bankruptcy mention, with $1B debt
vs. 1 TIMEsizing (Wed.) + 2 UPsizings (5,750 new jobs)
+ 4 UNtakeovers reported ($203m+)
< YTD: 366 dnsz (417,156+ jobcuts) +1636 takov ($1803.79B+)
vs. 104 upsz (75,566+=18%) +108 untak ($110.16B+) >
Also, 2 weekend downsizing reports, totaling 52+?? jobcuts:
80% workforce cut (52 lost L.A. jobs) as Scour, sued for music
copyright infringement on the Internet à la Napster, fails to find further financing
unspecified jobcuts as another big Japanese construction firm, Kumagai Gumi, begs for
$4¼B in debt forgiveness but Sumitomo Bank wants miracle - more work with less staff
+ 1 weekend takeover report - Abbey Nat'l buys Scots Provident for $2.9B
+ 3 weekend omens:
Labor Day Y2K - working harder, longer
"bad, but" - workplace stress & sickouts rising
- but one firm grants 10 new days-off = comp time (?)
rising dependence on Wall St for personal security despite gyrations
vs. glimmers of intelligence:
Vanguard chief talks straight re saving social security
"good, but" - hollow boom gives token boost to labor, but picked wrong horse in '30s:
maximum makework (& minimum wage), instead of maximum workweek (& minimum gov't)
no jobcuts reported, but...
4 cut-courting takeovers reported, totaling $295m +$??
+ 4 corporate fines/settlements reported (total $46.44m):
$45m vs. Provident for obscuring true cost of insurance
$1m vs. Microsoft for bait&switch in contract with small firm
$250k vs. Merrill for breaching capital rqmts during currency crisis
$192.4k for English-only on assembly line (regardless of safety, quality & output)
+ 1 bankruptcy mention:
court approves reorg plan of Pathmark Stores (7/13 bust)
+ 1 prison mention:
inmates & the vote
+ omens:
Aug. job growth slowed & mfg lost 79,000 jobs
Clinton wants coddle US firms that export goods or make them abroad???
vs. glimmers of intelligence:
Clinton puts off Star Wars
assisted-death conference
reader recalls 1932 book by rich man, Edward A. Filene, who argued for spreading it around
+ Features:
"Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race
why all this Timesizing when we've got record "low unemployment"?!
bibliography page
lost key to small government
website reactions
embryonic legislation page
30-hour bill page
opus errata
Newly edited - Popping the big question
1 downsizing reported:
25% workforce cut (1700 US jobs lost) as USA Education, nee Sallie Mae, consolidates
operations (& chills own mkts), instead of doing a 25% workweek cut (to five 6-hr days)
for all, including top mgmt, & keeping everyone working & sending their kids to college
+
11 downsizing-inducing takeovers reported, totaling $1.07B + $undisclosed
+ omens:
Amazon.com 'harikaris' via customer privacy invasion & spam
Calif. flirts with Internet sales tax
pols unseparating religion & politix?
US mfg June-July slowdown is worst since records began in '58
Raytheon strike hilites need for more private-sector training
three-class-system proposal for US healthcare
vs. glimmers of intelligence:
2 UNtakeovers - Hyundai & Lucent spinoffs
French have long vacations, shorter hours, & now less taxes?!
Mexico pays off the IMF
Bath Ironworks strike settlement focuses on crosstraining
Clinton quashes estate tax repeal
downtown Boston to downtown NYC in 3h10m
great vaudeville op ed blasts God-talkin' pols
+ Features:
"Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race
why all this Timesizing when we've got record "low unemployment"?!
bibliography page
lost key to small government
website reactions
embryonic legislation page
30-hour bill page
opus errata
Newly edited - Popping the big question
Aug/2000
July/2000
June/2000
May/2000.
Apr/2000.
Mar/2000.
Feb/2000.
Jan/2000.
Dec/99.
Nov/99.
Oct/99.
Sept/99.
Aug-July/99.
Jun-May/99.
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.