Timesizing® Associates
hopes/dooms du jour, March/2002
[Commentary] ©2002 Phil Hyde, The Timesizing Wire, Box 117, Harvard Sq, Cambridge MA 02238 USA (617) 623-8080 - HOMEPAGE
3/31-4/01/2002
3/30/2002 sat (re fri biz)
3/29/2002 fri
3/28/2002 thu
3/27/2002 wed
3/26/2002 tue
3/24-25/2002
3/23/2002 sat (re fri biz)
3/22/2002 fri
3/21/2002 thu
3/20/2002 wed
3/19/2002 tue
3/17-18/2002
3/16/2002 sat (re fri biz)
3/15/2002 fri
3/14/2002 thu
3/13/2002 wed
3/12/2002 tue
3/10-11/2002
3/09/2002 sat (re fri biz)
3/08/2002 fri
3/07/2002 thu
3/06/2002 wed
3/05/2002 tue
3/3-4/2002
3/02/2002 sat (re fri biz)
3/01/2002 fri
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weekend roundup per the NY Times & Boston Globe:
8 TIMEsizing stories
1 UPsizing
vs. doom of the week:
11 downsizings totaling over 14,282 lost jobs
1 bankruptcy
3 homelessness items
1 prison story
YTD:
128 timsiz +34 upsz (21864+=7%)
vs.
217 dnsz (313,154+ jbcts)+50 bkrp ($17.69B+)+22 homlss+26 jail+5 suic
- hope of the weekend -
weekend timesizing news:
big German automaking & electronics union has 35-hr week & 6 wks vacation
Japan's jobless young people are triggering overtime conversion & work sharing
3 main teachers' unions in Britain plan to vote in the fall re unilateral 35-hour workweek
+ glimmers of vaguer hope:
1 weekend upsizing - 800 new Indiana jobs at TJX over 5 years
vs. doom of the weekend -
headlines from hell:
experts say 2-month 'grieving cycle' follows layoff
+ 1 weekend bankruptcy story:
Nissan Construction, Japan's 2d in a month, with $863m debt
+ makework rampant:
US mideast pitbull starts looking like the Milosevic of Israel, to arms makers' delight
- mini report: completed indexing Appx.C, 'Quick Runthru of History & Prehistory' & Appx.D, 'Reasons for Failure of Previous Outlines of History' - bkgd goal: indexing 1 chap/day of (book) 'Football of History' -
- slow news day due to American easter holiday weekend -
timesizing in the news, alias glimmers of strategic hope:
(3/08) South Korean labor minister wants intro shorter workweek ASAP
+ today's headlines from heaventm aka glimmers of vaguer hope:
Holland implements euthanasia law on Monday
vs. doom du jourtm
headlines from helltm
Japan has weak factory production rise & continued high joblessness at 5.3%
2 big Japanese banks cut interest to 0.001%, one twentieth of before
+ 2 homelessness items:
Mass. state budget cuts may 'force' evictions of 400
panhandlers slow traffic in affluent fast-growing Douglas County, Colo. - trigger ejective backlash
- background goal: indexing a chapter a day of (book) 'Football of History' -
- mini report: completed indexing/patching Appx.B, 'Measures of Social Evolution' -
timesizing in the news, alias glimmers of strategic hope:
Japanese gov't gets more involved in labor-mgmt negotiations re worksharing
United Steel Workers helped Minn. nurses ban overtime & now applaud ban
+ today's headlines from heaventm aka glimmers of vaguer hope:
Calif.'s Gov. Gray Davis orders HMOs to cover morning-after pill
Italy moves to destroy rusty tubs used by illegal-immigration profiteers
vs. doom du jourtm
headlines from helltm
people traveling on business work longer hours, sometimes double
just 62% of NY garment workers paid overtime as req'd by law
avg workweek has increased to 47.1 hrs
+ 3 downsizings, totaling 4400 jobcuts, reported in NY Times & Boston Globe -
3300 jobcuts by Federated Department Stores at Fingerhut subsidiary next week unless sold fast
17% workforce cut (1150 Minn. jobcuts) as American Power Conversion (surge protectors) merges factories
overseas 'to cut costs' (& winds up cutting its own markets & throat), instead of just trimming its workweek
17% (to five 6hr38min days for whole firm including top execs), re-investing overtime savings in overtime-
targeted training, & keeping everyone working, earning & buying 83% as many surge protectors as usual
100 jobs up in the air as Lucent sells out North Andover plant to Solectron
- bkgd goal: indexing a chap. a day of (book) 'Football of History' -
- mini report: completed indexing/patching ch.7 'Overall Summary' -
timesizing in the news, alias glimmers of strategic hope:
(3/20) Minn. House sets up nurse overtime ban for Ventura to sign
(but, 3/22, Bush wants to boost workfare from 30 to 40 hrs/wk and,
3/15, double-edged minimum-wage/living-wage approach goes on and on)
+ today's headlines from heaventm aka glimmers of vaguer hope:
world over-population explosion is slowing
vs. doom du jourtm
headlines from helltm
the Web is rotting, not ripening
+ 2 downsizings, totaling 6040 jobcuts, reported in NY Times & Boston Globe -
6000 UK jobcuts by BT Group telecoms
40 US cuts by D'Arcy Masius Benton & Bowles
- bkgd goal: indexing a chap. a day of (book) 'Football of History' -
- mini report: completed indexing/patching chapter 7 'Grand Summary' -
- bkgd goal: indexing a chap. a day of (bk) 'Football of History' -
- mini report: completed indexing/patching ch.6 'Ecological Age' -
timesizing in the news, alias glimmers of strategic hope:
Japanese government to include financial aid in work-sharing agreement
Advanced Glassfiber Yarns uses furloughs & temporary shutdowns to lessen layoffs
+ today's headlines from heaventm aka glimmers of vaguer hope:
1 UPsizing totaling ?? new jobs - Hertz opens 8 locations in China
vs. doom du jourtm
4 downsizings, totaling 2140 jobcuts, reported in NY Times & Boston Globe -
11% workforce cut (1150 Minn. jobcuts) as St. Paul Cos. insurance gets railroaded to the chopping block
by yet another "big"??-thinking CEO, instead of just trimming its workweek 11% (to five 7hr7min days
for whole company including top executives), re-investing overtime savings in overtime-targeted
training, & keeping everyone together earning & buying 89% as much insurance as usual
650 Maryld. jobcuts by Ciena fiber optics
240 US cuts by Jones Apparel
100 Mass. cuts by American Superconductor
+ 1 bankruptcy, mentioned in NYT & BG:
Polymer Group, with $30m bond debt
+ 1 prison story:
more towns turn to cheap prison labor for odd jobs
- bkgd goal: indexing a chap. a day of bk 2 'Football of History' -
- mini report: completed indexing/patching ch.5 'Economic Age' -
timesizing in the news, alias glimmers of strategic hope:
Minn. governor Jesse Ventura signs ban on mandatory overtime for nurses
vs. doom du jourtm
2 downsizings, totaling 1702 jobcuts, reported in NY Times & Boston Globe -
8% workforce cut (1152 Hong Kong jobcuts) as Pacific Century CyberWorks phone company flounders
after doing $28B takeover, instead of just trimming its workweek 8% (38-mins/day for whole company
including top executives), re-investing overtime savings in overtime-targeted training, & keeping
everyone together working, earning & buying 92% as many phone services as usual
550 jobcuts as ABN Amro quits 2 areas that don't meet its profit targets
+ 1 homelessness item:
Dr. Roseanna Means bridges the gap between wealthy suburb of Wellesley and
Boston streets to bring healthcare to homeless women
weekend roundup per the NY Times & Boston Globe:
13 TIMEsizing stories (?? saved jobs)
4 UPsizings (100+ new jobs)
vs. doom of the week:
10 downsizings totaling over 9,362 lost jobs
4 bankruptcies, totaling $0.3B in debt
1 homelessness item 2 prison stories
1 suicide stories
YTD:
120 timsiz +33 upsz (21864+=7%)
vs.
206 dnsz (298,872+ jbcts)+49 bkrp ($17.69B+)+19 homlss+25 jail+5 suic
- hope of the weekend -
weekend timesizing news:
2 Japan morning papers on Sat. headline 3-way agreement on work-sharing system
timesizing in the news, alias glimmers of strategic hope:
Penn. Auditor General warns of acute nursing-home staffing crisis due to forced overtime...
+ today's headlines from heaventm aka glimmers of vaguer hope:
1 UPsizing totaling 2200 jobs - United Airlines recalls 1300 from furlough & hires 900 more
vs. doom du jourtm
2 downsizings, totaling 22+?? jobcuts, reported in NY Times & Boston Globe -
22 Boston Mass. part-time job cuts as Beth Israel Deaconess slashes board
unspecified US cuts as 800 Travel Systems shrinks after 9/11 & files Ch.11
+ 1 bankruptcy, mentioned in NYT & BG:
800 Travel Systems files Ch.11 reorg in Fla.
+ 1 work-related suicide:
fearing jobloss, aging shipper kills 5 coworkers & self in South Bend, Ind.
- late edition -
- bkgd goal: indexing a chap. a day of bk 2 'Football of History' -
- mini report: completed indexing/patching ch.4 'Political Age' -
timesizing in the news, alias glimmers of strategic hope:
long-shot candidate for French presidency advocates a 4-day (32-hr?) workweek
US Labor Dept. wins back overtime(?)-wages for chicken catchers at Sanderson Farms
+ today's headlines from heaventm aka glimmers of vaguer hope:
US Senate finally pushing renewable energy
Eskimos get birth control in
traditional-animal wrappers
gay pol in Holland calls for slowdown on immigration
full-page NYT ad slams Israel's policy of occupation
Ireland fines cellphoning drivers
vs. doom du jourtm
headlines from helltm
Dems break records with $12m softmoney
despite impending cutoff
Ukraine has TB epidemic with 700,000 cases
+ 2 downsizings, totaling 320+?? jobcuts, reported in NY Times & Boston Globe -
320 UK jobcuts as Coors closes brewery
unspecified US cuts as Suprema Specialties moves to liquidate
+ 2 bankruptcies, mentioned in NYT & BG:
Philipp Holzmann with $200m debt
Suprema Specialties with $130m debt
- late edition -
timesizing in the news, alias glimmers of strategic hope:
Japan's ruling political party wants subsidize firms that workshare to boost jobs
+ today's headlines from heaventm aka glimmers of vaguer hope:
1 UPsizing - SEC will hire 100 professionals
vs. doom du jourtm
headlines from helltm
GE, & everyone else, buys 'growth' instead of growing it
Wall St giants get taxpayer handouts whether stay or leave = charity for rich
UN sites world poverty conference in middle of Exhibit A
3 downsizings, totaling 4191 jobcuts, reported in NY Times & Boston Globe -
20% workforce cut (2200 Euro jobcuts) as EMI Group music biz cuts costs (& stars & markets), instead of
just trimming its workweek 20% (to four 8-hr days for whole company including top executives),
re-investing overtime savings in overtime-targeted training, & keeping everyone
together working, earning & buying 80% as much music as usual
1400 jobcuts by Acterna Corp.
591 cuts by Janus Capital
+ 1 bankruptcy, mentioned in NYT & BG:
Malan Realty Investors
- late edition -
timesizing in the news, alias glimmers of strategic hope:
VW keeps trying - offers timesizing, not downsizing to Mexican workers
NYC has had a crime drop even as New York Police Dept. cuts overtime
IMPAC Medical's mgmt system cut staff overtime 27% at one oncology center
Calif. has stricter overtime legislation than most states - lodging operators claim it adds costs
Minn. House sets up nurse overtime ban for Ventura to sign
(but, 3/22, Bush wants to boost workfare from 30 to 40 hrs/wk and,
3/15, double-edged minimum-wage/living-wage approach goes on and on)
+ today's headlines from heaventm alias glimmers of vaguer hope:
1 UPsizing - Hampton Hotels plans to build 4 new hotels in NYC
good stopgap - Bush wants let small biz band together for cheaper health insurance
vs. doom du jourtm
headlines from helltm
CIA has been putting cookies on visitors' PCs
Bush whacks Zimbabwe elections regardless of Floriduh, &
Israeli aggressiveness regardless of nuke-rattling
Norman Mailer pegs Bush as intellectual stripling
Carly declares victory, hopefully premature
Bush jacks up charity for foreign rich aka 'foreign aid' while
squeezing our own endangered species (too expensive for our developers)
most of Russia's 1200 teeny banks just hide sleaze & facilitate capital flight
+ 1 downsizing, totaling 350 jobcuts, reported in NY Times & Boston Globe -
350 SC jobcuts as Kemet Corp. phone components reduces expenses (& markets)
+ 2 bankruptcies, in NYT & BG:
Buddy USA & AbovePeer file Ch.11 to protect Madster file-sharing
+ 1 homelessness item:
NYC neglecting responsibility to chronically homeless inmates
+ 2 prison stories:
Justice Department resists lower jail terms for crack
25,000 mentally ill inmates cycle through NYC jail system annually
- late edition -
timesizing in the news, alias glimmers of strategic hope:
Chirac still wants to flex the effectiveness out of French 35-hr workweek
German prostitutes get 'regular' 40-hour workweek & profit-sharing
fatal crash heats up resistance to long hours for truckers in Europe
NaviCare Systems advises reduced overtime (OT) to client hospitals
employers' survey finds 49% of S.E. Mich. firms costcut with OT cuts
+ today's headlines from heaventm alias glimmers of vaguer hope:
1 UPsizing - Petco plans to open 60 stores this year but some are just relocations
re plagiarizing, Ben Franklin would rather hear good sermons even if borrowed
UN progresses at a crawl in ensuring aid gets to the people who need it
vs. doom du jourtm
headlines from helltm
diseases in poor countries
weakening of Medicare
still legal to sexually harass workfare women
+ 2 downsizings, totaling 4480 jobcuts, reported in NY Times & Boston Globe -
9% workforce cut (3820 jobcuts) as Avon Products cuts costs (& markets), instead of just trimming its
workweek 9% (¾-hr/day for whole company including top executives), re-investing overtime savings in
overtime-targeted training, & keeping everyone together, earning & buying 91% as many cosmetics as usual
660 Minn. jobcuts as Potlatch Corp. shuts papermill
- late edition -
weekend roundup per the NY Times & Boston Globe:
7 TIMEsizing stories (?? saved jobs)
3 UPsizings (220+ new jobs)
vs. doom of the week:
13 downsizings totaling over 17,240 lost jobs
2 bankruptcies
3 homelessness items
6 prison stories
2 suicide stories
YTD:
107 timsiz +29 upsz (21764+=8%)
vs.
196 dnsz (289,510+ jbcts) +45 bkrp ($17.6B+)+18 homlss+23 jail+4 suic
- hope of the weekend -
weekend timesizing news:
US surgeons' out-of-control hours repel applicants
EuroDisney hopes for biz from shorter French workweek but poor kids want reality
Britain street crime up 13% but hooked on overtime instead of sharing the vanishing work
+ glimmers of vaguer hope:
Tesco supermkt gives free morning-after pills to under-20s in UK
new coated stents are 100% effective in keeping arteries open & avoiding heart bypasses
world leaders rethinking strategy on aiding poor - but still in Chesterton's trap
vs. doom of the weekend -
headlines from hell:
Polaroid executives get a fortune, even when they're there for a short time & the firm
caves, while 20-year employees get the shaft
Portugal the basketcase of Europe, with no ideas in sight
Ohio moves into past with 'intelligent design' while even Tunisia moves into present with evolution
+ 4 letters on homelessness:
Henry Shenkin gives good qikwrap of why current record homelessness
Arnold Cohen runs thru lame liberal laundrylist of 'solutions'
Heather Barr just wants housing
Vivian Ehrlich highlights 'invisible homeless'
- late edition -
timesizing in the news, alias glimmers of strategic hope:
Japan's PM suggests cut in workyear via more holidays to cure chronic recession
Nagoya court dismisses attempt to avoid paying pension to widow of karoshi victim
vs. doom du jourtm
1 bankruptcy, in NYT & BG:
AremisSoft goes Ch. 11 & decides to dissolve
+ 5 downsizings, totaling 180 +?? jobs, reported in NY Times & Boston Globe -
15% workforce cut (75 jobcuts) as Miramax Films worsens the problem of insufficient markets for
the flood of film releases, instead of just trimming its workweek 15% (to five 6¾-hr days for whole
company including top executives), re-investing overtime savings in overtime-targeted training,
& keeping everyone together working, earning & going to the movies 85% as much as usual
65 jobcuts by United Industrial flight simulators
40 jobs by Martha Stewart Living
unspecified cuts as AremisSoft decides to dissolve - see bankruptcy above
unspecified cuts as Japan's KDDI shuts part of its cellular network
+ 1 prison story:
Calif. moves to de-privatize its prisons as too costly
+ 2 work-related suicides:
small-town Illinois mayor self-destructs after negative media
EgyptAir co-pilot probably took whole plane down with him after mid-flight demotion
- miss yesterday's? see Features below -
timesizing in the news, alias glimmers of strategic hope:
utility & union team to help employees in tight finances post-
9/11, including some on shortened workweeks & prorated pay
+ today's headlines from heaventm alias glimmers of vaguer hope:
1 UPsizing - Washington Mutual S&L plans to build 50 new branches
long resistant, police finally start getting behind the nation's immigration laws
Compaq CEO says firms should not be able to patent genetic info re living things
vs. doom du jourtm
headlines from helltm
Oracle & lotsa other firms still need the recession - to blame
Wal-Mart oozes into position to infect Japanese economy
Delta cuts travel agent commissions to zero
UAW teams with Bush league to look macho, clobber fuel efficiency
+ 1 downsizing, totaling 490 jobs, reported in NY Times & Boston Globe -
0.6% workforce cut (490 Ma. jobcuts) as Raytheon betrays Massachusetts taxpayers
yet again, instead of just trimming its workweek 0.6% (3 minutes a day for whole company
including top executives), re-investing overtime savings in overtime-targeted training,
& keeping everyone together working, earning & shopping 99.4% as much as usual
- late edition -
timesizing in the news, alias glimmers of strategic hope:
(2/18) Phil "Mr. Timesizing" Hyde gets last third of long article in Gainesville Sun
+ today's headlines from heaventm alias glimmers of vaguer hope:
1 UPsizing - new ad agency Laird & Partners opens in NY
with 20 employees
reader whacks 'intelligent design'
vs. doom du jourtm
headlines from helltm
with 20,000 troops in action, Israel's currently engaged in biggest military
offensive since '67 war
France moronically sites refugee camp near Chunnel to hamper traffic
+ 3 downsizings, totaling 10,670 jobs + unspecified, reported in NY Times & Boston Globe -
at least 10,000 jobcuts by Daqing Petroleum Administration Bureau oilfield in China
670 Kansas jobs canned as Spiegel shuts callcenter in tech displacement
unspecified cuts as Albertson's plans more store closings, esp. in Tenn.
- late edition -
timesizing in the news, alias glimmers of strategic hope:
NYT has big page-3 article on France, mentioning the 35-hour workweek & France's 'boom'
+ today's headlines from heaventm alias glimmers of vaguer hope:
1 UPsizing - UGN auto products to build Tenn. plant & hire 200 in 3 yrs
UN tells Israel to
quit illegal occupation
Congress tries tighten up on derivatives, again
House votes to protect
aborted fetuses nevertheless born alive
Dems want more backup support if stricter workfare
Greenpeace pressures Shaw's to drop frankenfood
vs. doom du jourtm
headlines from helltm
tonight on Fox - battling sluts!
'pump & dump' to fleece investors
13% of world's population starving, 11m in 'developed' world
immigration policy set by Mexico & illegals
+ 2 downsizings, totaling 2,000 jobs + unspecified, reported in NY Times & Boston Globe -
4.7% workforce cut (2000 US jobs lost this year) as Verizon Wireless spooks over 10% fewer customers &
reduces costs (& customers, further), instead of just trimming its workweek 4.7% (23 mins./day for whole
company including top execs), re-investing overtime savings in overtime-targeted training, & keeping
everyone together working, earning & buying 95.3% as much wireless service etc. as usual
unspecified cuts as Buzzy's Roast Beef finally falls to Mass. General Hospital
expansion & another boring hotel - nugget of local Boston color gone forever
+ 2 homelessness items:
Times editorial trots out same ol' liberal micromgmt "solution"
Texas driver on drugs mangles homeless man & drives home with him stuck thru her windshield!?!
- late edition -
timesizing in the news, alias glimmers of strategic hope:
French trucking unions somehow get the idea that shorter hours
mean longer hours & start blocking gasoline distribution in the south
+ today's headlines from heaventm alias glimmers of vaguer hope:
NYT op ed tells 'secret' of peace that everyone knows - pull back, O Israel!
Letterman steps above network sleaze, backs Koppel
US & UK cooperate
to shut down spam artists peddling bogus URLs
Andersen told to split audits & consulting
vs. doom du jourtm
headlines from helltm
America as nuclear rogue
closing on retirement age but
deep in debt
US healthcare gets even more pathological - patient violence
+ 2 downsizings, totaling 3900 jobs, reported in NY Times & Boston Globe -
2000 Tennessee jobcuts by Carrier Corp. heating & air conditioning
8.7% workforce cut (1900 lost NJ jobs) as Avaya phone equipment
frets over lack of profit and cuts costs (& markets), instead of just trimming
its workweek 8.7% (to four 9hr-8min days for whole company including top execs),
re-investing overtime savings in overtime-targeted training, & keeping everyone together
working, earning & buying 91.3% as much phone equipment as normally
- late edition -
weekend roundup per the NY Times & Boston Globe:
15 TIMEsizing stories (?? saved jobs)
3 UPsizings (1575 new jobs)
vs. doom of the week:
13 downsizings totaling over 24,629 lost jobs
8 bankruptcies totaling over $5.0B in debt
2 homelessness items
5 prison stories
1 suicide story
YTD:
100 timsiz +26 upsz (21544+=8%)
vs.
183 dnsz (272,270+ jbcts) +43 bkrp ($17.6B+)+15 homlss+17 jail+2 suic
- hope of the weekend -
weekend timesizing news:
(2/28) Chirac calls 35-hr wk 'authoritarian' but would flex, not scrap
+ glimmers of vaguer hope:
Warren buffetts exec stock ops
2 metro-Boston gals
spotlight glaring omission in Bushkin's looney wed-fare pronouncement
vs. doom of the weekend -
headlines from hell:
US nuclear sabre rattling restores insecurity of '50s, sparks qik damage-control attempt
Floriduh's legislature tries to cut access to public records, sparks massive outcry
Wall Street is reality-averse
Clinton's uncontrolled immigration today
+ 1 weekend bankruptcy story:
foreclosures declined gradually from '91
to 28-year low in 1Q00, but then climbed driven by layoffs & bankruptcies
+ 1 weekend homelessness story:
NYC in budget crunch pushes to document
long-term homeless & qualify them to leave city shelters for state or federal housing
+ record 5 weekend prison stories:
Mass. court upholds inmate's plea that 'solitary' for men only
is sexist
US court upholds inmates' contention that denial of eucharist wine unconstitutional
sex offender in Kansas first to seek castration
new Mass. sentencing toughness will add
over 3600 inmates during budget cutting
1824 prison in Thomaston, Maine, finally closes
timesizing in the news, alias glimmers of strategic hope:
OT slam 1 - AT Plastics of Brampton, Ont., cuts overtime to cut costs
OT slam 2 - Minn. nurses squawk re excessive overtime, reject state's contract offer
+ today's headlines from heaventm alias glimmers of vaguer hope:
1 UPsizing, ?? new jobs - 15 new Johnny Rockets '50s burger&malt joints to open in NY
vs. doom du jourtm
headlines from helltm
let us prey...
Canada joblessness sticks at 7.9% Jan-Feb
+ 1 bankruptcy in NYT/BG:
Chubu Bank in Japan
+ 1 downsizing totaling 22,000 lost jobs, reported in NY Times & Boston Globe:
9% workforce cut (22,000 lost jobs - we are not making this up) as Kmart offers its throat to Wal-Mart & Target
& closes 284 stores, instead of just trimming its workweek by 9% (43 mins/day for the whole firm including
top execs), re-investing overtime savings in overtime-targeted training, and keeping
everybody together working, earning & shopping 91% as much as usual
+ 1 prison story:
Danish firm buys Wackenhut for $halfa bill.
- late edition -
timesizing in the news, alias glimmers of strategic hope:
GM idles 2 plants next week with 1-week leave for 5700 employees
JPS Apparel Fabrics timesized via alternating workweeks last year in Va.
Jospin, in city of ally in 35-hr week launch, nails Chirac with 'France abuse'
Koizumi still not focused on work sharing but his Labor Minister is getting close
South Korea still converging on cut from 44- to 40-hour workweek (Saturday halfdays)
South Korean labor minister wants intro shorter workweek ASAP
+ today's headlines from heaventm alias glimmers of vaguer hope:
1 UPsizing - Cleveland-Cliffs rehires 360 November layoffees
vs. doom du jourtm
headlines from helltm
in jobless recession, what good is temporary unemployment insurance?
in jobless 'recovery', what good is workfare that depends on plentiful jobs?
+ 1 bankruptcy in NYT/BG:
Worldtex is just emerging from $185m debt
+ 2 downsizings totaling 560 lost jobs, reported in NY Times & Boston Globe:
2300 jobcuts as Vanity Fair Imagewear closes in Va.
700 Va. cuts by Russell Stover
360 Nov. cuts by Cleveland-Cliffs &
346 Aug. cuts by JPS Apparel Fabrics just reported
200 cuts by Exide
+ 1 economywide suicide story:
suicide is biggest cause of death among young Chinese, esp. F, esp. rural
- "late edition" -
timesizing in the news, alias glimmers of strategic hope:
work sharing is spreading in city & county govts in Japan
no overtime a weapon in UK rail, but mgmt's weapon or labor's?
+ today's headlines from heaventm alias glimmers of vaguer hope:
Wm. Safire blasts mergers
alternative to oilspilling over
our national parks
hybrid cars make headway
vs. doom du jourtm
headlines from helltm
biggest eCon - US Treasury Dept. has its own little secret protection racket going
2d biggest - Japan capital spending & profits down
3d biggest - Germany jobless at 3-yr high
biggest's pitbull - Israel smashes into teeming Gaza Strip (but Powell tugs the leash)
+ 1 bankruptcy in NYT/BG:
National Steel, $310m debt (tariffs too late?)
+ 4 downsizings, costing 1222 jobs + unspecified, reported in NY Times & Boston Globe -
49% divisional workforce cut (750 lost jobs) as P&G consolidates Clairol takeover with plant closings,
instead of just trimming divisional workweek 49% (to five 4-hour days for the whole division
including top execs), re-investing overtime savings in overtime-targeted training, and
keeping everybody together earning & buying 51% as much shampoo as usual
450 jobcuts by Canon
22 cuts by McCann-Erickson Worldwide
?? cuts as Reader's Digest closes "New Choices" mag
- miss yesterday's? see Features below -
timesizing in the news, alias glimmers of strategic hope:
America's core regulatory agency, SEC, sloppy on worktime issue -
employees vote 2-to-1 to unionize vs. unpaid overtime due to post-Enron demands
+ today's headlines from heaventm alias glimmers of vaguer hope:
Australia poised to lead recovery due to $$deconcentration?
correlation between executive pay & 'compensation' after all?
vs. doom du jourtm
+ 2 bankruptcies in NYT/BG:
Guilford Mills, with $125m in senior debt
Formica, another American icon (2nd in 2 days)
+ 2 downsizings, costing 250 jobs, reported in NY Times & Boston Globe -
200 jobcuts by Deere & Co.
50 by RCN
+ 1 homelessness item:
fire leaves 5000 homeless near India
+ 1 prison story:
UK prisons close to capacity
- miss yesterday's? see Features below -
- free consulting to playwrights, novelists, scifi writers who want to set
stories at various points in a timesizing future - 617-623-8080 or email --->
timesizing in the news, alias glimmers of strategic hope:
11 S. Korean RR workers arrested for organizing strike for shorter hours
Japanese public schools are cutting from avg. 44- to 40-hour school week
during the bubble years, unpaid sabbaticals dropped by 13%, paid ones by 1%
vs. doom du jourtm
headlines from helltm
Bush privatization of Social Security amounts to dropping
the commitment to support the older generation - or raising taxes to avoid doing so
+ 1 global & 2 corporate bankruptcy stories, ($4.4231 billion debt) in NYT/BG:
generally - IMF wants to let countries declare bankruptcy to avoid collapse
Sato Kogyo construction sacrificed to Japan status quo with $4.4B debt
Florsheim Shoes goes for Ch. 11 with $3.1m debt
+ 4 downsizings, costing 597 +?? jobs, reported in NY Times & Boston Globe -
425 Ohio & Maryland jobcuts by papermaker MeadWestvaco after $3B takeover
10% workforce cut (160 lost Irish jobs) as EMC data storage crumbles to competition,
instead of just trimming its workweek 10% (to four 9-hour days for the whole company
including top execs), re-investing overtime savings in overtime-targeted training, and
keeping everybody together earning & buying 90% as much computer stuff as usual
12 clergymen cut as RC Archdiocese of L.A. reacts to child-abuse charges
unspecified AZ cuts as Twinlab closes Tempe plant & moves to Utah & NY
+ 1 prison story:
Ill. governor to review 163 deathrow cases after death penalty freeze due to 13 reversals
- late edition -
weekend roundup per the NY Times & Boston Globe:
10 TIMEsizing stories (?? saved jobs)
2 UPsizings (500 new jobs)
vs. doom of the week:
11 downsizings totaling over 1,898 lost jobs
2 bankruptcies totaling $5.7B in debt
1 homelessness story
1 prison story
YTD:
85 timsiz +23 upsz (19949+=8%)
vs. 174 dnsz (247,641+ jbcts) +37 bkrp($12.6B+) +13 homlss +12 jail +1 suic
- hope of the weekend -
weekend timesizing news:
in '70, HP cut hours 10% rather than cut staff 10%
in '02, family members join powerplant employees in S. Korea to demand shorter hours
+ weekend glimmer of vaguer hope:
1 weekend upsizing story - 1215 new Ma. jobs at Kohl's
vs. doom of the weekend -
1 weekend homelessness story:
NYC, San Francisco & Atlanta rated meanest by homeless coalition
+ 1 weekend prison story:
inmate wounds another at 'Walpole' (Mass.) & triggers 2-day lockdown
- miss yesterday's? see Features below -
- free consulting to playwrights, novelists, scifi writers who want to set
stories at various points in a timesizing future - 617-623-8080 or email -
timesizing in the news, alias glimmers of strategic hope:
Bahamas hotels ran reduced workweeks to avoid layoffs
during the drop in tourism following 9/11
vs. doom du jourtm
1 downsizing, reported in NY Times & Boston Globe -
500 jobcuts by scientific instrument maker PerkinElmer
+ 1 prison story:
Mass. releases 20,000 inmates a year with no supervision & racks up 44% recidivism
- miss yesterday's? see Features below -
- free consulting to playwrights, novelists, scifi writers who want to set
stories at various points in a timesizing future - 617-623-8080 or email -
timesizing in the news alias glimmers of strategic hope:
Japan's slippage from lifetime employment to massive
early retirement has been a big factor in its ongoing depression
GM will practice workmonth reduction next week to avoid layoffs
Cable Design Technologies has used workday reduction for same purpose
+ today's headlines from heaventm alias glimmers of vaguer hope:
2 UPsizings - FleetBoston to hire 500 tellers in New England, &
- Axcelis opened new technology center in Beverly, Massachusetts
London-based BP will halt all political donations
Treasury scrutinizes incorporation
in Bermuda to avoid US taxes
ambivalence appears re Utter Goodness of immigration
vs. doom du jourtm
headlines from helltm
IRS increases audits of working poor
83 fewer billionaires
Enron rewarded
execs even into company meltdown
more French jobless, but less than '97 & few enuf to let US &
Germany sink faster
lower Brazil economy
Bush STILL wants to privatise SocSec
EPA official
quits to protest Bushwhacking of environment
rich towns lag middle-income towns in school quality
+ only 1 downsizing (Network Assocs.), costing ?? jobs, cited in New York Times or Boston Globe -
but
7 corporate (at least 3038 jobcuts) and 4 general downsizings plucked off AOLNews from 1 word-search
Feb/2002
Jan/2002
Dec/2001
Nov/2001
Oct/2001
Sept/2001
Aug/2001
July/2001
June/2001
May/2001
Apr/2001
Mar/2001
Feb/2001
Jan/2001.
Dec/2000.
Nov/2000.
Oct/2000.
Sep/2000.
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.