12/28/2002 headlines from heaven - alias glimmers of intelligence -
[oo here's a luvly scather] In Europe, no room for kids [huh?], letter to editor...by Ed Fisher of Scotts Valley CA, NYT, A34. Re "Persistent drop in fertility reshapes Europe's future (front page, Dec. 26): The main problem is the woeful inadequacy of the "science" of economics to imagine a way for a society to decrease in population while increasing per capita income (or at least, through technology, providing a better life).
[Bing-o!]
The whole thrust of what economists offer is "a rising tide lifts all ships." Well, someone had better find a way to thrive without overall growth all the time.
[You came to the right place, Ed. We started our economic design project in the Limits to Growth group at MIT in the 70s.]
The solution to many problems - the environment, urban sprawl and so forth - is population control. But the vested interests, from developers to religious fundamentalists, simply demand more growth, while politicians are helpless.
[and clueless.]
One hopes Europe may yet show the way.
[hear, hear!]
[The first letter in this section supports Ed's excoriation of economists -] ...by Andrea Malaguti of NYC, NYT, A34.
"Persistent drop in fertility reshapes Europe's future (front page, Dec. 26), which was reported from my hometown of Ferrara, Italy, gave an accurate picture of the situation. But it largely overlooked a critical factor of the last 2 decades: persistent unemployment and job frustration at the upper levels of society. Knowing how hungry young graduates are for professional qualifications, employers can get away with paying little and compensating new hires with "direct experience."
Why should Italians want to put their offspring through more of the same frustrations? Is it any surprise that people were so desperate as to vote for a prime minister, Silvio Berlusconi, who crassly promised 1.5 million new jobs?
Forget about cellphones and TV: there is much more to worry about in today's Italy.
[and another letter makes a good point -] ...by Jane Roberts of Redlands CA, NYT, A34.
The flip side of Europe's low fertility rate is the high fertility rate in developing countries....
And at last we're beginning to get some articles that point out that the tax revolt has gone too far, that the so-called "budget crises" of all or cities and states can be traced to it, and that for all our whining we already had some of the lowest taxes in the developed world] Making us pay..., op ed by Robert Morgenstern, NYT, A35.
...Justice Oliver Wendell Holmes said in 1927, "Taxes are what we pay for a civilized society."...
12/24/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] Amgen Inc., WSJ, B2. ...won FDA approval of a new manufacturing plant for its rheumatoid-arthritis drug Enbrel, which has been in short supply for more than 2 years. The new plant will more than double the Thousand Oaks CA company's manufacturing capacity for the drug, which Amgen gained as a result of its $11B acquisition of Immunex Corp. earlier this year. [At last, after scores of examples of the toxic takeover- downsizing connection, we get a single example of a takeover-upsizing. Unspecified new jobs.] Amgen officials said the Rhode Is. facility will be the world's largest site for the manufacture of biologics, which are biotech drugs like Enbrel that are produced by genetically modified cells. [And here's hopin' that none of them escape from the lab or we're in for some real-life horror movies.]
[And a few more goodnews-type Christmas presents -] Sun wins big round over Microsoft - Temporary distribution of Java software ordered; Speedy appeal is vowed, by Don Clark & Rebecca Buckman & Mark Wigfield, WSJ, A3. In a huge victory for Sun Microsystems Inc, a federal judge ordered Microsoft Corp. to distribute Sun's Java programming techology to prevent Sun from being permanently injured in an emerging marketplace.... [So Java is IN!]
[And hybrids are IN -] GM to offer hybrid power in 5 models by 2007, by Danny Hakim, NYT, C1. ...some form of hybrid electric power....
[Further -] Hybrid autos quick to pass curiosity stage, by Danny Hakim, 1/28/2003 NYT, front page.
[And busting our most graceful national park is OUT!] Utah: Judge blocks oil project near Arches, AP via NYT, A17. A federal judge [Jas. Robertson of Fed.Dist.Court in DC] has blocked an oil exploration project near Arches National Park, saying the Bush administration cut corners on environmental analysis in an effort to rush the project forward.... The Bureau of Land Mgmt [another Bush puppetshow] violated the law when it failed to consider alternatives to the exploration company's practice of driving large trucks across the desert, pounding the earth to sense oil deposits below.... [Honest to God, Bush & Co. haven't the common sense of an anthill.]
12/21-23/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
12/21 Jewish professors keep divestment drive alive, by Patrick Healy, Boston Globe, front page.
The national movement to pressure universities to pull their investments from Israel has been battered this year by critics who call it divisive and anti-Semitic.
[As if Israel's current belligerent and hopefully evanescent Sharon administration is equivalent to Judaism!]
But it has shown remarkable staying power in large part because of an unusual group of supporters: Jewish professors.
[Damn, it's that damn EDUCATION again, waking people up and helping them see through the cynical administration line in the two-guy media. Nice of the Globe to slip this into Saturday's paper though, which fewer people read, but it is on the front page, but it is below the fold....]
Hundreds of college professors nationwide have signed petitions calling for divestment from Israel, among them several dozen Jewish professors who call their signatures an act of political conscience. As the fall semester draws to a close, many have found themselves - not always purposely - becoming spokesmen for a cause that has deeply split their campuses.
"I simply couldn't afford to sit back any longer," said Harvard psychology professor Elizabeth Spelke, whose family has roots in Israel, and who signed the petition to protest Israel's military crackdown on Palestinians.
Modeled on an anti-apartheid campaign that led campuses to divest from South Africa in the 1980s, the petition criticizes Israel's actions in the occupied territories and calls on universities to sell any investments in Israel, and in companies that do business there. It has circulated at more than 50 campuses, including Harvard, MIT, Yale, and UMass/Amherst....
Sylvain Bromberger, a noted MIT philosopher whose mother once edited a Zionist newspaper in Belgium and whose family narrowly escaped capture by the Nazis, became a hero to some divestment supporters this fall when he defended them in a toughly worded letter to..\..Harvard president Lawrence Summers [who] publicly suggested that the divestment movement has anti-Semitic overtones....
"As a Jew, it's so personally disturbing to me that this is even happening in Israel," said Charles G. Gross, a psych professor at Princeton University. "I'm a little bit more concerned with social justice in Israel than in some other countries."...
Sara Roy, a child of Holocaust survivors and a Middle East researcher at Harvard, has not signed the divestment petition but is seen as an ally in the movement because of a Holocaust Remembrance Lecture she gave this year and published last month. In the speech, she said: "For my mother and father, Judaism meant bearing witness, railing against injustice, and forgoing silence.... What sort of meaning do we as Jews derive from the debasement of Palestinians?"...
Ken Olum, a member of the Tufts [Univ.] physics dept. who helped organize a divestment petition on campus, said he has wrestled so long with his frustrations with Israel, and with widespread Jewish support for the [Sharon] government there, that he has stopped identifying himself as a Jew when people discuss religion, the Middle East, or other subjects.
[Here then are the wages of "dropping the A-bomb on Luxembourg" and slurring critics of Sharon as haters of Judaism. Some Jews are disenrolling -]
"The fact that a lot of people who count themselves as among the Jewish people are doing a great evil, an un-Jewish evil, has been overwhelming," Olum said. "The moral stakes here are too great not to take this stand."
[And it takes a lot of discipline and cool in an argument to limit it to cases, and not ungirdle it into a much bigger and irrelevant emotional vomit fest. Summers proved his unworthiness of the Harvard presidency by his lack of this discipline and cool. But the courageous Jews who signed the divestment petition and especially the ones named in this article, the only article like it we have seen (nothing in the NYT or WSJ for instance), certainly help us all gain and hold onto this vital discipline in the debate.]
[and lest you're still a big Bush fan -]
12/22 Friendly dollars - Chipping in $34m that Bush kept from UNFPA, by Ellen Goodman, Boston Globe, D11, flagged by colleague Kate.
At first the letters just trickled in to the UN Population Fund....
[Ah, Ellen, you need to tell us exactly what UNFPA stands for and this doesn't.]
It was enough to buy a few birthing kits or cure one 14-year-old mother of...fistula. ...It didn't begin to make up for the $34m that the Bush administration denied the international family planning group.
But the trickle didn't stop either. It grew all fall until an astonished woman at the UNFPA decided to invest in an electronic letter opener. ...Every day, 500-600 more letters arrive in the NY office from Americans bearing gifts to women overseas. Some include a dollar for every member of the family or for everyone in the office of in the church....
Two months ago...Jane Roberts, a retired French teacher, and Lois Abraham, a lawyer, were both outraged when Bush renegged on funds for the UNFPA. This was money for contraception and sex education, for maternal healthcare and AIDS education. It would have helped prevent 2 million unwanted pregnancies, 800,000 abortions, 4,700 maternal deaths....
Independently, two women came up with what Roberts called an "exercise in outraged democracy." What would happen, they asked, if 34 million Americans each gave a dollar to make up for the money? So was born "34 Million Friends."
Does the campaign have an amateurish quality? Hey kids, we could do the show right here? So be it. Roberts says, "We want 34 million Americans to have their own teeny-tiny foreign policy."...
If Trent Lott is nostalgic for the wonderful yesteryear before civil rights, this administration is nostalgic for the days before women's rights. Is it any wonder that some Americans have responded to 34 Million Friends? This is an idea that comes with an address, a place where we can offer aid as well as dissent, a dollar as well as a message of connection to the women of the world: US Committee for UNFPA
220 E. 42nd St.
New York, NY 10017
USA
It took months for the campaign to reach its first $100,000. It took just weeks to add in another $50,000. If the goal of $34m sounds elusive, UNFPA's Mari Tikkanen says, "When it hit $1,000, I was thrilled. Now I don't think anything is impossible."...
[Ellen Goodman's email address is ellengoodman@globe.com - Be sure to make the subject line unlike spam - like us, she gets deluged.]
12/04/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[UPsizing #1] Scottrade succeeds against the norm, by Gaston Ceron, WSJ, B4D.
NEW YORK - Where other online brokers zig, Scottrade Inc. zags. The downturn in the stock market has hit the once-hot industry hard, "forcing" [our quotes - ed.] corporations to slash costs by cutting jobs....
The story is a little different at Scottrade, a brokerage house run by CEO Rodger Riney and mostly owned by his family. Scottrade's payroll has actually grown, and Mr. Riney continues to push ahead with plans to expand.... Today, the company has 861 employees; 644 are full-time, up 38% from 468 at the end of 2000.
[So, 644-468= 176 new full-time jobs plus unspecified new part-time jobs.]
Scottrade has 170 US branch offices and plans to add 30 more by next fall....
[UPsizing #2] Bank of America plans to expand in major cities, Bloomberg via NYT, C4.
...15 branches in Chicago next year, followed by branches in NYC, Boston and Philadelphia, as the bank tries to sell more loans and credit cards to wealthy customers, its CEO, Kenneth Lewis, said.
[Unspecified new jobs.]
The company, based in Charlotte NC, plans branches in the largest Midwestern and Northeastern cities because private-banking and commercial customers there "are saying they will do more business with us," Mr. Lewis told investors and analysts at a Goldman, Sachs bank conference in NYC.
[Not if they keep downsizing their workforce dba consumer base.]
11/30/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] Toyota to delay decision on site for next U.S. plant, AP via NYT, B4.
...for several months in one of 5 U.S. locations.... The $750m [auto assembly] plant...would be Toyota's 4th in the U.S..\..
[Unspecified new jobs.]
People close to the Toyota search said the company might be delaying the decision to give 2 of the finalists, Arkansas and Texas, time to assemble lucrative incentive packages when their legislatures convene in January.
[Pathetic. All these states are already in the low-wage U.S. South. This is your present "small government" capitalism, shot through with private-public sector makework. How much better to simply redefine the workweek on a flexibly shorter basis so that the job market is made responsible for supporting the markets for its own output, that is, for supporting its own markets and itself, by squeezing down the concentrations of work per person onto all persons who need to support themselves, and getting rid of the incredible weight of artificial and subsidized jobs that are corrupting our current primitive form of downsizing capitalism the world over.]
[Followup] Facility will be built in Texas to make Tundra pickup trucks, Dow Jones via 2/05/2003 WSJ, D7.
...The plant, Toyota's 6th assembly plant in North America [including 2 in Canada] is expected to employ about 2,000 workers....
11/27/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] An Indian food company expands - From a restaurant, global ambitions, by Saritha Rai, NYT, W1.
BANGALORE, India -...MTR Foods Ltd...has grand plans for eventually becoming the McDonald's of Indian food. "We will open franchisee restaurants in India and abroad, standardizing around our frozen-food products like the dosa," a rice and lentil crepe, said Sandananda Maiya, the company's chairman and managing director. The company recently sold a 28% stake to J.P. Morgan Partners, the private equity arm of J.P. Morgan Chase, for $4m, money that Mr. Maiya says will be used for expansion and marketing..\..
[Unspecified new jobs.]
For the thousands of Indian soldiers facing off with Pakistan in...the Himalayas, much sustenance comes in the form of packaged foods made by MTR Foods.... For civilians in parts of southern India, the company's offerings are ubiquitous too. Now MTR Foods, which grew out of a restaurant in Bangalore that has served south Indian delicacies since colonial days, is hoping to find a place at the dinner table of civilians throughout India and in the West as well....
[Bottom line. A big part of their success is due to military spending.]
11/22/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing, 2000 new jobs] Honda starts work on [$425m] expansion of Alabama plant, Bloomberg via NYT, C3.
...to double capacity...as the automaker sells more minivans and sport utility vehicles in North America.... Adding the 2nd assembly line at the Lincoln, Ala., factory will raise capacity to 300,000 vehicles and engines annually.... The expansion, which...will be finished in early 2004, will increase employment by about 2,000 workers, to 4,300....
11/13/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[economists can't seem to think "outside the box" but a political scientist comes up with some gems - and in the Wall Street Journal, yet! -] Fed could fight deflation with a dollop of Keynes, letter to editor by Prof. Gregory Nowell of SUNY/Albany PoliSci Dept, WSJ, A25.
Your Nov. 6 article on the Fed's consideration of a "tax on [long-unspent] cash" will be immediately recognized by those who have read J.M. Keynes's "General Theory of Employment, Interest and Money" (1936).
[Only problem there is, no one has read it. As Robert Lekachman says in his "History of Economic Ideas," Keynesian economics have altered the actions of politicians, trade-union leaders, government officials, and even bankers, many or most of whom have never read Keynes's central work." (p. 331) Why? "It had a forbidding title...and a still more forbidding interior." (Robert Heilbroner, Worldly Philosophers - 1986, p. 271). No matter. Nowell is going to tell us what it says -]
Keynes (p. 353 ff.) discussed Silvio Gesell's proposal that paper money, to retain its status as legal tender, must bear an up-to-date stamp that would be paid for at a post office of bank. Gesell wanted to spur spending and prevent slumps.
However, Keynes's ultimate endorsement focused neither on Gesell's cash stamp tax nor, as is widely thought, on deficit spending. Rather, he backed social welfare proposals designed to redistribute income to those with, in his words, "a high marginal propensity to consume." That's Keynesian-speak for the poor, who immediately spend income on pressing needs rather than save.
In light of the recent election results we might wonder whether the federal reserve bank, in the interests of fighting deflation, would take up the mantle of Keynes. It could educate the majority party on the need to target tax cuts at those with the highest "marginal propensity to consume," rather than those whose high disposition to save out of current income can only serve to depress aggregate demand and thus weaken consumer prices.
[In short, strengthen the centrifugal forces on spending power. The problem with trying to this via taxcuts and the poor is that the real poor are too poor to pay any taxes at all. To get spending power out of its unspendably consolidated "black hole" in the top income brackets and get it to the people who actually spend it, we need to centrifuge skills and work and wages. And the best way to do that is to share and spread the vanishing work - and the accompanying wages.]
11/07/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] Motorola Inc., NYT, C4. ...Schaumburg, Ill., the telecommunications company [huh? we still think of it as a radio company], said it would invest $13m to set up a software development center in Bangalore, India, and expand its Indian engineering staff by about 25%, to 1,400 in two years. [So if 1400 is 125%, 25% is 1400/5= 280 new jobs.]
10/31/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
We'll do the cruddy jobs - Just raise the pay a bit, letter to editor by Don Hoffman of Las Vegas NV, WSJ, A19.
Daniel Griswold claims in his Oct. 22 editorial-page [column] that illegal aliens help the U.S. meet a rising demand for low-skilled labor that American workers are increasingly unwilling to fill. He blames this unwillingness on an aging workforce and rising education levels.
[This is the standard party-line of our plutocratic masters to justify virtually uncontrolled admission of unskilled immigrants.]
Here's a different theory: It's the extremely low pay that illegal aliens are willing to receive that separates American workers from many low-skilled jobs.
If the flow of illegal aliens were greatly reduced, would business owners simply throw up their hands and allow crops to rot in fields or trash not to be picked up? No, they would pay the wages necessary to draw American workers into those jobs.
[This is exactly what happened during and after the two World Wars in the last century, both of which resulted in tremendous prosperity because of the market-driven centrifugation of the income of the nation, despite the frequent squealing of the rich, who have successfully quashed research and information on this vital large-scale real-life experiment.]
Anyone who believes that Americans aren't willing to take low-skilled, low-paying jobs need only to look at the service industry - such as fast food - to know the fallacy of that view.
Although the cost of some goods and services would increase because of the rise in labor costs, the U.S. economy would actually benefit from the increased employment of American workers. The money they earned would not flow directly to Mexico, but would stay in the U.S., where it would turn over and over, benefiting other Americans.
[We suggest turning the question of immigration controls over to public referendum, because ordinary people are going to make the tough decisions in secret ballots against American shibboleths like "Miss Liberty" that incumbent politicians, bought and paid for by the insulated and isolated minority in the very top income brackets, will never make on open votes in Congress.]
Increased control of our border with Mexico would have the effect of forcing Mexicans to stop looking north to the U.S. for their economic salvation, but instead to the south and Mexico City where their national government resides.
[And where they, like every other nation in the world of massive continuous infusions of work-saving technologies in all fields, should be implementing work-sharing systems such as Timesizing as fast as they can.]
Arguing against a low-tax theory, pointer digest (to C2), NYT, C1.
Many Americans believe a low-tax economy grows faster than a high-tax economy, and they often attribute rapid growth in America to lower taxes. What may surprise them is that there is no evidence to support that.
[Here's the target article -] Economic scene - If taxes were lower, the economy would grow faster, right? Economists say not necessarily - When both parties toe the same [anti tax] line, policy discussions can be hampered, by Jeff Madrick, NYT, C2.
[Here's another blocked-out area of research, thanks to the near-sighted creeping grabbiness of those with already more spending power than they can possibly spend, grabbiness that ultimately suctions the spending power away from the markets that once sustained the productivity that maintain the value of their own investments. Real representation by politicians of both major U.S. parties has been blocked by the huge campaign contributions of the self-insulated and self-isolated top income brackets, and the USA has entered the "decline" period in the "rise and fall of empires" because there's NO FEEDBACK. Part of the huge solid and widespread prosperity of wartime is the steeply graduated income taxes that characterize those periods. As Will Rogers said when asked, "Where are we going to get the money for government programs?" - "Wal, I guess we're gonna git it from the rich, cuz they're the only folks that's got any!" (But of course, when you implement economywide work-sharing - as we finally did too late at too high a level 1938-40 to make much difference until the war gained traction - you don't need government job programs because the private sector resorbs its own disposable employees.)]
[Canada's PM may have quashed a proposed bank merger - see 10/31/2002! But even laws against mergers and downsizings are unnecessary once a vibrant and responsive work sharing system is implemented, because the workweek responds immediately to the new comprehensively defined unemployment (UE) rate, getting shorter if the UE rate is too high or rising, and getting longer if the UE rate falls below a referendum-set UE target, and enforced by automatic overtime- and overwork-to-training&hiring conversion.]
10/29/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] Peugeot plans to build new plant in lower-costing Central Europe, by Beth Reigber, Dow Jones via WSJ, C9.
Defying an auto slump that is hammering many competitors, PSA Peugeot-Citroen...will build a 700m-euro ($683.6m) passenger-car plant in Central Europe, a lower-cost region that is drawing a growing number of Western manufacturers. ...The new plant will start production in 2006 and will have the capacity to make at least 300,000 small Peugeot- and Citroen-brand cars each year. The auto maker, which is currently building a plant in the Czech Republic, said it is considering several countries for the new facility....
[Unspecified new jobs.]
A number of companies have shifted production to Central Europe [such as] MAN AG, Volkswagen, ...Continental AG, ...Black & Decker.... One analyst estimates that average labor costs in Central Europe are about 20% of those in France....
[Average consumer markets in Central Europe are probably 20% of those in France too, and the only question is, how long will the markets in Western Europe remain open to exploitation and how long will they keep up purchases without payroll.]
10/24/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[UPsizing #1] G.E. to build lab in Germany for $52m, by Barnaby Feder, NYT, C4.
...over the next 5 years...in Garching, on the outskirts of Munich. The laboratory is expected to employ 150 scientists by 2005. G.E...is building another, in Shanghai.
[150 + unspecified new jobs.]
[UPsizing #2] Bank One to hire up to 100 people in Capital Markets, Bloomberg via NYT, C4.
The Bank One Corp., which has been laying off bankers who make loans to large companies, will hire as many as 100 employees in capital markets trading, sales and research starting next year to increase its market share in areas like bond underwriting. "As other institutions are cutting, we have an opportunity to pick up some really great people," David Schabes, chairman of Banc One Capital Markets, said. Bank One will start hiring in January, he said. Bank One's corporate banking unit, including Capital Markets, had 2,306 employees at the end of the 3rd quarter, a 17% decline from a year earlier. Bank One is based in Chicago.
[UPsizing #3] Pentagon sets up intelligence unit - Team is seeking data on Iraq overlooked by spy agencies, by Eric Schmitt & Thom Shanker, NYT, front page.
WASHINGTON...- Defense Secretary Donald Rumsfeld and his senior advisers have assigned a small intelligence unit to search for information on Iraq's hostile intentions or links to terrorists that the nation's spy agencies may have overlooked, Pentagon officials said today. Some officials say the creation of the team reflects frustration on the part of Mr. Rumsfeld, Deputy Defense Secy Paul Wolfowitz and other senior officials that they are not receiving undiluted information on the capacities of Pres. Saddam Hussein of Iraq and his suspected ties to terrorist organizations....
[Unspecified new patronage jobs for Dubya's good friends.]
Curbing capital flight, pointer blurb (to A14), WSJ, front page.
Trader stampedes in and out of emerging markets have often left them moribund. Wall Street is reconsidering the long-taboo idea of capital controls.
[pointing to -] Some warm to use of capital controls, by Pamela Druckerman, WSJ, A14.
10/23/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] McDonald's posts 11% drop in net; Fewer restaurants to be opened, by Shirleyl Leung, WSJ, B3.
...Jack Greenberg, chairman and CEO, said the company will "dramatically reduce restaurant openings" to 600 additional McDonald's units worldwide in 2003, down from 1,050 this year from a high of nearly 2,000 in 1996.
[Unspecified new Mcjobs.]
In the U.S., it will add 100 McDonald's in 2003, down from about 300-350 this year. The burger chain [has] more than 30,000 restaurants worldwide....
10/20/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing - not counting mere potential in "Voters in upstate New York are waiting to hear candidates offer a plan for jobs," by Joyce Purnick, 10/21/2002 NYT, A17] Casinos revive a town, but poverty persists, by Peter Kilborn, NYT, front page.
...The town of Tunica, in the otherwise impoverished Mississippi Delta, is the seat of Tunica County and 8 miles south of the former cotton fields that have bloomed into the nation's 3rd-largest gambling center, after Las Vegas and Atlantic City.
[Hey, what about New England's own Foxwoods in Connecticut?!]
...Once dilapidated Tunica, which had been best known for slave descendants' squalid shacks along an open sewer just 2 blocks from Main Street called Sugar Ditch, has money to burn.
[Mmm, yummy.]
This year the town, which had a population of 1,132 in 2000 [and a] budget [of] $830,000..\..ten years ago, [has a population of] 9,227 \and a\ $7.3m budget. With so much money, this cotton-coated county...about 40 miles south of Memphis is building an airport big enough for Boeing 747's to haul in more gamblers and tourists.... On Magnolia Street, just off Main Street, is Hosia Nickson's Package Store.... A woman outside the store...said she works the floor at the Horseshoe Casino for $6.68 an hour....
[Unspecified new jobs. And would you believe the NYT has a frontpage story on casinos and only names one?! Pretty lame coverage.]
10/16/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] Japan: Car venture approved, by Ken Belson, NYT, W1.
The Chinese government approved a plan by Toyota Motor to build a factory in Tianjin. The plant is Toyota's 2nd in the country and will be used to build cars jointly with the First Automotive Industry Co. in China. In the venture, Toyota and First Auto plan to build up to 400,000 cars a year....
[Unspecified new jobs. With this exhaust stream coming online, we better get better anti-pollution devices fast.]
10/15/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope -
[1 UPsizing] Britain: Burberry's sales rise, by Suzanne Kapner, NYT, W1.
Bucking a trend of sales declines by many luxury goods retailers, the Burberry Group reported a 15% increase for the first half of the year and said it would open 8 new stores later this year. Sales at the company's retail stores for the 6 months ended Sept. 30 rose 17%, helped by 5 new stores, including locations in Barcelona..., Hong Kong, and Coral Gables FL....
[So a total of 8+5= 13 new stores and unspecified new jobs.]
10/05/2002 headlines from heaven - alias glimmers of vaguer-than-timesizing hope - 3 old-fashioned private-sector UPsizings, with 2,100 new jobs + unspecified, reported in NY Times &/or Wall St Journal -
Judge approves Rent-A-Center sex-bias settlement, Bloomberg via NYT, B4.
...a $47m settlement...against Rent-A-Center Inc...based in Plano, Tex..\..the EEOC said yesterday.... About 4,600 women who made...claims will receive payment.... The settlement also calls for Rent-A-Center to offer jobs to more than 1,100 women who claimed sex discrimination....
Chrysler to add workers at pickup truck plant, Reuters via NYT, B4.
The Chrysler division of DaimlerChrysler [is] adding a 3rd shift of workers at its Warren Truck Assembly Plant outside Detroit to help meet strong demand for its Ram full-size pickup truck. The expansion will result in the addition of 1,000 jobs at the plant in July....
Four indian tribes to build hotel in Washington, Bloomberg via NYT, B4.
A partnership of tribes [unnamed!] from California and Wisconsin is investing gambling proceeds in a new Washington hotel as part of an effort to diversify sources of income for American Indians. Four Fires LLC, made up of representatives from 4 tribes [will] build a Marriott International hotel ["Marriott Residence Inn Capitol"] near the Smithsonian National Museum of the American Indian, which is under construction...a $14m hotel with 13 stories and 233 suites...
[and unspecified new jobs]
due to open in 2004.