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Second quarter better than expected (Thursday, 7/31/03)
The Commerce Department reports that the American economy grew at an annual rate of 2.4 percent during the second quarter of this year. There's also some reason to believe that American consumers are changing their minds. We reported yesterday on survey results showing a decline in consumer confidence during the month of July, a finding that is reinforced by data from the Conference Board. However, it appears that there has been an upturn during the latest week, according to a poll conducted by ABC and Money magazine. Meanwhile, the Federal Reserve finds additional reasons for optimism about the American economy's immediate future.

Are the wings of the White House still in touch with each other? (Thursday, 7/31/03)
On the one hand, the President has been emphasizing the reality of the threat of additional attacks from al-Qaida. On the other hand, the Administration wants to reduce the number of air marshals on America's commercial flights, all of which has elicited a collective bipartisan "Huh?" on Capitol Hill. Leslie Miller reports from Washington that the plan has been rejected by members of both parties in Congress.

Lord & Taylor cuts stores and jobs (Thursday, 7/31/03)
The May Company owns the Lord & Taylor department store chain, and has decided to close 32 stores, eliminating 3,700 jobs in the process.

For many Americans with children, the checks are in the mail (Thursday, 7/31/03)
About 25 million American taxpayers will receive as much as $400 per child soon. But, many people aren't eligible. Here's more from Sandra Block of USA Today.

Workers take over in Argentina (Thursday, 7/31/03)
Alan Clendenning reports from Buenos Aires that 10,000 laid-off workers have resurrected their bosses' failed businesses during the past two years.

A kind cut (Thursday, 7/31/03)
Small businesses are saying that the tax cut has been helping them create more jobs. Here's more from the Mike Blahnik of the Minneapolis Star Tribune.

Is higher ed a good investment for taxpayers? (Thursday, 7/31/03)
It's hard not to believe that genuine knowledge is an unqualified good, like fresh air, clean water, or vigorous health, because the only alternative to knowledge is ignorance, and it has had a perfectly wretched record over many centuries. However, that doesn't necessarily mean that everything that a university decides to teach is worth what they decide to charge for it, particularly in a changing context in which so much information and so many learning resources are so widely available from multiple sources. William Baldwin of Forbes magazine has been thinking about the rapidly increasing cost of attending many colleges and universities in the United States, and how long it will be before they price themselves out of business.

Surfing across the soil (Thursday, 7/31/03)
A survey conducted by the U.S. Department of Agriculture finds that nearly 50 percent of American farmers are connected to the Internet.

Today's NewWork News Web Tip: Country Studies (Thursday, 7/31/03)
The Library of Congress Federal Research Division's Country Studies provides services to agencies of the federal government and the District of Columbia. Their site provides information about culture, institutions, including economic, and national security arrangements of the world's countries.

Are you hearing a "giant sucking sound" after all? (Wednesday, 7/30/03)
A new report from the Gartner group says that 10 percent of American technology jobs could leave the U.S. by the end of next year.

Consumer index dips in July (Wednesday, 7/30/03)
American consumers seem to be getting more skittish and tired of waiting for the U.S. economy to gain momentum. Here's more from Mike Meyers of the Minneapolis Star Tribune. How consumers are feeling about spending money makes a difference, because consumer spending accounts for about two-thirds of the American economy.

Rates creep up, demand creeps down (Wednesday, 7/30/03)
Mortgage rates are beginning to rise again, and that is slowing the scramble to obtain new mortgages or refinance old ones, according to Aleksandrs Rozens in New York.

WTO talks in Montreal shift to ag issues (Wednesday, 7/30/03)
The World Trade Organization would like to see developed countries reduce their farm subsidies in order to help the world's farmers sell their products. Here's more from Doug Palmer.

Raises are smaller this year (Wednesday, 7/30/03)
American employers are trying to spend less on labor, not more, but, in order to keep the employees they want to keep, it helps to offer raises now and then. However, Adam Geller reports that raises are small this year and won't be much different in 2004.

Houston staffing firm agrees to pay back overtime (Wednesday, 7/30/03)
According to a Labor Department investigation, more than 300 AMI Staffing workers didn't receive the overtime pay to which they were entitled, so the company has agreed to pay $237,000 in order to bring things up to date. In other Texas news, high gas prices are helping to close the oil workers' unemployment gap a bit.

Today's NewWork News Web Tip: Economic Costs of AIDS (Wednesday, 7/30/03)
It appears that AIDS has surpassed the "black death" of the mid-14th century as history's worst pandemic in terms of lives lost. However, the World Bank says that AIDS is "turning back the clock" on development in many countries too. Here is the Bank's Economic Costs of AIDS site.

European welfare-state retraction in a transformed world (Tuesday, 7/29/03)
The notion that government has broad social responsibilities extending far beyond the maintenance of military and police for the protection of its citizens flowered in Otto von Bismarck's unified Germany in the latter half of the 19th century. Over much of the time since, European societies and European employers have been among the most generous in the world in providing cradle-to-grave security and workplace perks, respectively. Since the Second World War, Asian societies have been toward the oppose pole, while the United States has been somewhere in between.

However, the world has become much "smaller" and more interconnected now. In the new global economy, for instance, geography has become largely irrelevant for many kinds of work. No national economy can operate in virtual isolation any longer and expect to thrive. Western European and American companies have competitors throughout the world, and, so, must cut costs, including scaling back traditional workplace perks.

Also, for many tasks, it isn't necessary to import less expensive labor anymore either; instead, the work can be exported, and an increasing number of jobs are being sent to regions where labor is less expensive. As we've reported numerous times, this now includes many white-collar jobs requiring high levels of education and skill, which represents a "leveling" process in an interconnected world with permeable boundaries that is likely to have profound, historic implications for the long-term distribution of wealth in the world.

The United States is the world's only military and economic superpower at the moment, but it contains slightly less than five percent of the world's population. China and India, on the other hand, are the most populous and second-most populous countries on the planet, between the two of them, containing a major portion of the world's people. It's hard to say anything about either country without using very large numbers. For instance, China is experiencing one of the world's largest migrations at the moment, and it's all happening within the country as 100 million migrant workers flood into the cities from the countryside in search of a better life.

Both China and India have very large numbers of some of the world's poorest people. On the other hand, India also contains an educated, affluent cohort that makes up a larger consumer market than the populations of Germany and France combined. Many high-level jobs from the United States are being sent to India where highly-qualified people are willing to work for less than similarly-qualified persons in the United States. China, on the other hand, has the world's fastest-growing economy, and some of the richest, most successful entrepreneurs. Its universities also produce a major portion of the world's engineers. Also, like India, China is doing an increasing amount of the work for other countries.

If you expect the world 50 years from now to have much resemblance to anything with which you have been familiar, you have a lot of imagination.

The good news about aging in Germany (Tuesday, 7/29/03)
Several mature industrial nations are aging rapidly. Among these is Germany which has been having difficulty pumping up its economy. However, Charles Hawley reports from Munich that more older people means interesting new markets for some entrepreneurs.

More economists see more good signs (Tuesday, 7/29/03)
If you've been waiting for the American economy to start growing more vigorously, you may not have to wait too much longer. There seem to be more and more signs of better things to come. However, even with vigorous growth, will job creation reach the levels we've come to expect during previous boom times? Speaking of jobs, the Arizona Republic's Christine Romero tells how one career expert in Phoenix attempts to help his clients during a tough period.

Today's NewWork News Web Tip: The 50 Most Influential Policy Books of all Time (Tuesday, 7/29/03)
Here are the 50 Most Influential Policy Books of all Time, in the judgment of the editors at Policy.com.

Violence at WTO meeting in Canada (Monday, 7/28/03)
Protesters opposed to globalization have smashed windows in Montreal where a World Trade Organization meeting has been going on.

Time to de-merge (Monday, 7/28/03)
During the booming 1990s, large numbers of companies felt that it was a good time to marry. Now, the divorces have started. Susan Feyder of the Minneapolis Star Tribune on the flurry of activity among companies trying to trim down and divest themselves of operations after not seeing much beneficial synergy in their futures.

During the blooming, booming 1990s, employers were offering all sorts of extra perks in order to compete in what was then a tight labor market too. Now, though, it's a tight job market as well as a time to cut costs, and willing workers aren't hard to find. Gwendolyn Freed tells about all the perks that are shrinking or disappearing altogether.

The parts are beginning to inhibit the whole (Monday, 7/28/03)
Many states are trying to cope with their most serious budget crises in at least 50 years, and, as Louis Uchitelle of the New York Times reports, these problems are now holding back the entire U.S. economy.

UN to help small businesses for the sake of poor countries (Monday, 7/28/03)
Barbara Borst reports that the United Nations intends to establish an economic growth commission called the Commission on the Private Sector and Development that is intended to assist economic development in the world's poor countries by emphasizing the role of small businesses.

If an existing game is holding you back, start your own game (Monday, 7/28/03)
Shabina Khatri tells about the barriers that still exist in established corporations that disproportionately inhibit the progress of women, and how many are dealing with the problem by starting their own thriving businesses. The increase in women entrepreneurs is one of the major U.S. economic stories of recent years.

Most who were laid off since 2000 received little help (Monday, 7/28/03)
Researchers at Rutgers University and the University of Connecticut have conducted a new survey of persons laid off since the onset of the latest recession. Linda Johnson summarizes some of its findings.

Cities of the future (Monday, 7/28/03)
Which of the world's cities are likely to become "international cities" during the years ahead? A new study makes some predictions.

Today's NewWork News Web Tip: KeepMedia (Monday, 7/28/03)
The man who built the chain of Borders bookstores is launching KeepMedia, which for a monthly flat fee reported to be $4.95, intends to offer subscribers full access to the archives of 140 magazines and newspapers.

Things are looking better, but... (Sunday, 7/27/03)
At long last, the American economy may be stepping on the gas, according to Jeannine Aversa in Washington. However, as Andrea Hopkins reports, it will take a bit more than encouraging statistics to impress the unemployed.

Where has all that tax money gone? (Sunday, 7/27/03)
The ballooning budget deficit has been scaring the daylights out of a lot of people, and many politicians are finding it politically expedient to engage in near-campaign-year finger-pointing. However, disinterested experts are saying that nobody really knows where all the tax revenue has gone. Here's more from Jonathan Weisman of the Washington Post.

State budget crunches hurt low-income women (Sunday, 7/27/03)
Michelle Andrews tells about a Missouri state program through which uninsured low-income women have been able to receive checkups. That's the good news. The bad news is that Missouri, like most other states, has a major budget problem which has resulted in the cancellation of you-know-what.

Today's NewWork News Web Tip: SoYouWanna.com (Sunday, 7/27/03)
SoYouWanna.com may or may not be helpful, but, even if it isn't, it's likely to entertain you. It's intended to help you prepare to do some of the things you've always wanted to do but haven't known how and may not even have known what to ask about. There's a work-related section, but most are recreational.

Why many persons overseas wish the U.S. economy well (Saturday, 7/26/03)
The American economy, by far the largest in the world, is the engine that drives the global economy. But, how much longer? Sue Kirchhoff of USA Today tells about widespread feelings that an American economic rebound can't come too soon.

IBM cuts back (Saturday, 7/26/03)
IBM has been in the news a lot during recent days because of its announced intentions to export large numbers of jobs overseas. In the meantime, they're cutting back the hours of 2,400 workers in Vermont because of soft demand.

Harassment suit at Oracle (Saturday, 7/26/03)
A female employee of Oracle Corporation has sued her male supervisor for sexual harassment. Meanwhile, three women at Qwest file suit over the company's employee review practices.

Internal competition heats up (Saturday, 7/26/03)
An effective team is one that works together to compete with the opposing team, not with its own members. Nonetheless, an increasing emphasis is being placed on the individual, as opposed to the group, in many work settings, and internal competition is encouraged, according to Jennifer LeClaire. The overall scarcity of jobs in the American economy is a contributor.

Labor strike and product quality (Saturday, 7/26/03)
For years, there have been jokes about why you should not buy a car manufactured on a Monday, because it may have been built by hung-over workers. According to Princeton University economist Alan Krueger, there is now serious reason to wonder if the product you're buying has been manufactured during a time of labor conflict.

What happens when the refinancing boom cools? (Saturday, 7/26/03)
It will mean layoffs in significant numbers, according to the experts. Here's more from Philip Klein and Aleksandrs Rozens in New York.

How to you feel about tipping the manager? (Saturday, 7/26/03)
The Houston Chronicle's L. M. Sixel says that the tip you leave for the waiter may not end up where you intend.

Corporate e-learning hasn't developed as quickly as expected (Saturday, 7/26/03)
The Arizona Republic's Jack Larson reports that corporate employees are still receiving training the old-fashioned way, despite expectations that e-learning would have taken over by now.

The importance of packaging (Saturday, 7/26/03)
What does casual, even sloppy dress at work communicate? Would you wonder about your doctor's professionalism if s/he came into the examining room dressed as if prepared to go camping? The Christian Science Monitor's Stacy Teicher reports on growing concerns that casual attitudes about dress may generalize to casual attitudes toward the work itself.

Today's NewWork News Web Tip: 2003 Tax-Cut Calculator (Saturday, 7/26/03)
Determine how the new tax cut will affect you by using PaycheckCity's 2003 Tax-Cut Calculator

Two good signs of better economic times ahead (Friday, 7/25/03)
June was a good month for big-ticket purchases, according to American manufacturers, and new-home sales hit an all-time record. Here's more from today's New York Times.

He's got his act together, and he's taking it on the road (Friday, 7/25/03)
President Bush seems to be able to do what used to be called "whistle stops" when politicians traveled by train and make out fairly well in the process. In Europe recently, he hardly had arrived at several locations before he was on his way again. Similarly, he's conducting quick domestic in-and-out tours to sell his economic ideas and, of course, raise more money. The President already has more campaign money than all the Democratic hopefuls combined, and he won't even have to compete for the Republican nomination in the primaries.

So far, there are nine Democratic presidential candidates, plus others waiting on the sidelines to see what happens. Most potential Democratic contributors, fearful of betting all their money on the wrong horse, are waiting until somebody pulls out ahead of the pack, but, so far, none of them has. Howard Dean isn't the favorite of the majority of Democrats...yet. However, he's been raising money pretty effectively on the Internet, because his supporters tend to be the most passionate at the moment. All indications are that Hillary Clinton could have the Democratic nomination if she wanted it, but she would risk losing the election to Bush and ending her presidential possibilities.

The other night on Larry King's program, former President Clinton suggested that Democrats lay off President Bush a bit in relation to his ill-considered State of the Union reference to Iraq and nuclear weapons. Gee, everybody makes mistakes, after all.

While it's possible that Bill Clinton simply wants to be fair, or that he's become that rarest of creatures--a bipartisan partisan politician--he's also clearly aware that Bush's re-election is likely to serve his wife's eventual presidential ambitions. She won't want to have to compete with a Democratic incumbent for the 2008 nomination.

On the other hand, a Bush landslide could be disastrous for Democratic Congressional candidates. Howard Dean has a strategy for capturing the nomination, and he's also raising the most money among Democrats at the moment. Key Republican and Democratic strategists are thinking "landslide" when they think "nominee Dean." Clinton, among others, probably don't want to see him acquire a "killer issue." He and Hillary, secretly, of course, probably don't want to see a Democrat defeat Bush in 2004, but they don't want to see a Democrat lose by a huge margin either.

Politics and economics in what were once Cold War communist states (Friday, 7/25/03)
The fact that Russia, only a few years after the disintegration of the old Soviet Union, has anything resembling a democracy and market economy is in itself remarkable, and it probably shouldn't be surprising that both are somewhat less "pure" than more mature democratic-capitalist institutions in some other countries. The fact that a partner of Russia's richest man has been slammed by the courts can be taken as evidence of the growing rule of law in Russia...or as a politically-motivated act in advance of December's parliamentary elections.

Meanwhile, China, which has been celebrating market economics and encouraging entrepreneurship, also has been coming down hard on a few. Here's more from Business Week's Mark Clifford, who writes about China's ambivalence toward its entrepreneurs.

A bad year for suicides in Japan (Friday, 7/25/03)
More than 1,100 additional suicides occurred in Japan during 2002, compared the previous year, and it's thought that the country's economic problems played a role. More than 32,000 Japanese killed themselves last year. That's roughly the number of suicides each year in the United States, but Japan has less than half the U.S. population.

Billionaire Bill is in a hiring mood (Friday, 7/25/03)
The world's largest software company is preparing to invest nearly $7 billion in R&D, and that will mean an additional 5,000 employees.

The IRS wins one in court (Friday, 7/25/03)
A U.S. tax court decision may curtail the use of family limited partnerships as a way of passing wealth from one generation to another without a big tax bite. Also, Howard Gleckman reports that the Internal Revenue Service has been cracking down on the tax-shelter industry, but wonders if it's all it is made to appear.

Today's NewWork News Web Tip: Don't Do It! (Friday, 7/25/03)
Fritz Jaeger says he really didn't know what he was getting himself into when he started his own business. In his book, Don't Do It!, he describes the various reasons why you might not want to do it either. Mr. Jaeger wants to sell his book, but he has included parts of a few chapters on his website.

Jobless claims lowest in five months (Thursday, 7/24/03)
First-time jobless claims last week were at their lowest point since February. Here's more from Nancy Waitz in Washington.

Former Enron employees want bonuses back (Thursday, 7/24/03)
Enron paid $72 million in bonuses to key people in the company just before its bankruptcy filing. A committee representing the company's former employees feel that the action was unfair and self-serving and wants the money returned.

Thoughts about the Supreme Court's affirmative action ruling (Thursday, 7/24/03)
Justice Sandra Day O'Connor expects that there will come a time--possibly as soon as 25 years hence--when race-conscious policies will no longer be necessary in American society. In fact, there are strong signs that even the concept of "race" is losing its validity for many Americans, an attitude which certainly is more in line with the biological facts as we now understand them. In fact, findings from population geneticist Dr. Spencer Wells' important research, as reported in his book, Journey of Man, strongly suggest that "race" isn't even an attribute; instead, it's simply an idea. That is, to say that humanity has been mostly wrong about race for centuries isn't correct. We've been ENTIRELY wrong about race.

Still, the future hasn't quite arrived yet. Alan Krueger of the New York Times tells why he believes that affirmative action still matters.

Pension agency falls short (Thursday, 7/24/03)
It isn't the only federal agency in deep trouble and requiring urgent attention, in the judgment of Congressional investigators, but it's been added to the list. The Pension Benefit Guaranty Corporation had a $3.6 billion shortfall last year.

It's not easy to become Japanese (Thursday, 7/24/03)
The United States is a nation of immigrants, including those whose ancestors came to North America tens of thousands of years ago. Moreover, it doesn't take long for new Americans to assimilate, think of themselves as Americans, and also be thought of by others as Americans.

However, if you were born in another country, you're likely to remain forever "Gaijin," no matter how long you live in Japan. Becoming Japanese isn't likely to be an option. Howard French tells about how Japan's shrinking population is contributing to some of its problems, but few Japanese regard immigration as a possible solution.

Today's NewWork News Web Tip: The Rise of the E-Citizen (Thursday, 7/24/03)
The Philadelphia-based Pew Foundation's project on the Internet and American life presents this report on how Americans use government agency web sites.

Kodak searches for stop bath and fixer (Wednesday, 7/23/03)
Things have been developing at Eastman Kodak that they would like to put a stop to. Film doesn't sell like it used to, which is bad news if you're in the film business. Lower earnings have given the world's largest photographic company reason to get smaller. Kodak intends to trim 4,500 to 6,000 jobs.

Part of their problem is a sleepy economy in which too few products of any kind are selling really well. However, perhaps even more important is that is that Eastman Kodak is faced with a situation similar to that of whatever company was the leading manufacturer of buggy whips during the first years of the 20th century. The corporation has been based on a technology that was born in the mid-19th century and seems to be winding down. Digital cameras are now outselling conventional cameras, according to recent reports. Electronics has been replacing chemistry in the creation of images.

CBS interviews Raynor (Wednesday, 7/23/03)
SUNY Professor William Raynor's BNWW article, "Globalization and the Offshore Outsourcing of White-Collar Jobs," seems to have set in motion processes stimulating widespread media and some Congressional attention to this important new trend in the exportation of American jobs. As a result of his article, Dr. Raynor was interviewed on CBS Radio's "Business Hour" yesterday.

The world contains an ample supply of unskilled people who are willing to work for wages that would appall most Americans. As a consequence, most of the jobs exported from the United States during recent years have been those in manufacturing requiring only brief training.

More recently, though, an increasing number of university graduates in poorer countries, combined with the fact that, in a new economy where information can be moved around at near the speed of light, much knowledge work can be done virtually anywhere. For instance, highly skilled financial experts and management analysts are available elsewhere at a small fraction of what similarly-skilled Americans would cost. The same is true in hi-tech, and many people are beginning to fear that much of Silicon Valley is in the process of being moved to the Bangalore region of India, with permanent implications for the American economy and American higher education.

More retirees lose health coverage (Wednesday, 7/23/03)
The rapidly escalating cost of health care is causing more employers to drop health coverage for younger retirees, according to a new study.

Where you may run into nearly anybody (Wednesday, 7/23/03)
Unemployment in the new economy is an equal opportunity phenomenon. The Minneapolis Star Tribune's Gwendolyn Freed tells about the flood of job seekers at a job fair conducted by Wells Fargo.

A good review can save your job (Wednesday, 7/23/03)
Bad reviews can result in the cancellation of a Broadway show after only a handful of performances. Similarly, something less than a stunning job review can make your job subject to cancellation during a time when employers are trying to decide whom to lay off. Here's more from Stepanie Armour of USA Today.

Today's NewWork News Web Tip: Geographic Profile of Employment and Unemployment (Wednesday, 7/23/03)
The Geographic Profile of Employment and Unemployment is from 2000, which means it doesn't reflect the major job losses of the past couple of years. Still, it can be instructive to examine distributions by geographical region. Data from the Current Population Survey and the Local Area Unemployment Statistics are used.

IBM plans to send millions of jobs overseas (Tuesday, 7/22/03)
Approximately three million IBM service jobs will be exported by 2015, and the company says it needs to move many of its software design and other technical jobs out of the country too because its competitors are doing it, they say.

Volkswagen to cut thousands of Brazilian jobs (Tuesday, 7/22/03)
VWs haven't been selling in large numbers in Brazil, so production will be cut back in the company's Taubate and Anchieta plants. This will mean the loss of almost 4,000 jobs.

Peterson likely to get top job at IG Metall (Tuesday, 7/22/03)
David McHugh reports from Frankfurt, Germany that Juergen Peters is seen as having the inside track toward becoming head of the nation's largest industrial union.

AmeriCorps may be thrown a lifeline (Tuesday, 7/22/03)
AmeriCorps is an organization about which both Presidents Clinton and Bush have expressed approval, but mismanagement has helped convince members of the House of Representatives who have never liked government-supported social problems that they've been right all along. The House has voted to block a plan whereby AmeriCorp would receive an additional $100 million, but the national service agency may get it anyway.

UPS settles class-action suit (Tuesday, 7/22/03)
The suit alleged that United Parcel Service discriminated against hearing-impaired employees. UPS will pay $10 million to settle the lawsuit.

Will new overtime rules result in more jobs? (Tuesday, 7/22/03)
The U.S. Department of Labor proposes to change the criteria determining who qualifies for overtime pay, which could result in the exemption of 8 million workers. However, there's a big argument over whether employers will be inclined to hire new workers when existing workers can be compelled to work longer hours. Mike Myers of the Minneapolis Star Tribune explains and offers further details.

Does the Justice Department have the golden goose in its sights? (Tuesday, 7/22/03)
Edward Iwata writes from San Francisco that some are beginning to think that the search for corporate criminals may be going too far, hurting honest workers and discouraging entrepreneurs in the process.

Summer interns, in more ways than one (Tuesday, 7/22/03)
Not all interns are in the springtime of their lives. Some have quite a lot of mileage on them, in fact. Here's more from today's Washington Post.

Today's NewWork News Web Tip: National Endowment for Financial Education (Tuesday, 7/22/03)
To say that many Americans are "financially challenged" may be a major understatement, and it doesn't always mean that they don't make enough money. Financial illiteracy seems epidemic in American society. Many Americans create the majority of their own financial problems, suggesting that the need for organizations such as the National Endowment for Financial Education has never been greater.

Index rises, forecasts increased economic strength before the end of the year (Monday, 7/21/03)
The second half of 2003 should be better, if the Conference Board's Index of Leading Economic Indicators is correct, as it often is. The Index rose in June, although not by as much as some had expected. Still, it was the third month in a row, and that's a good sign, say experts.

Houses of Congress differ on how to provide for the elderly poor (Monday, 7/21/03)
Robert Pear reports from Washington on the problems facing the House and Senate in hammering out a compromise Medicare Bill. There are significant differences on how to provide extra help for the poor.

More SARS fallout (Monday, 7/21/03)
Singapore's economy was hard hit by the SARS outbreak, Singapore Airlines included. Pilots and cabin crew will be laid off.

What "underfunded pension" means to you (Monday, 7/21/03)
It probably doesn't mean that your benefits are in jeopardy, at least, not initially. It's likely that your company is required to notify you when its pension plan is less than 90 percent funded in two of three consecutive years. Proponents of a bill in the House of Representatives claim that it will save underfunded pension plans large amounts of money and protect workers benefits. If the bill were to become law, it would also mean that beneficiaries could wait until they're seventy-five before beginning to withdraw money from their retirement accounts. Reason: many lives end up being much longer than when existing pension legislation was formulated.

The U.S. Hispanic market becomes more important to many types of companies (Monday, 7/21/03)
The Hispanic population makes up America's largest minority now, and it has been increasing in affluence as well. Christine Dugas reports on some of the economic implications.

More on workplace diversity (Monday, 7/21/03)
Research conducted by San Francisco's Employment Law Alliance finds that 40 percent of Americans believe that workplace diversity can be achieved without affirmative action now. Research also indicates that workplace diversity doesn't influence bottom-line performance. At the same time, racial and gender discrimination cases have been on the increase.

How the pay of professionals has been doing (Monday, 7/21/03)
Challenger, Gray & Christmas has released a new analysis of professional pay, and finds that some professions have been gaining, some losing recently. Among the big winners have been physician's assistants, whose average pay increased 23 percent in a year. Among the big losers, financially speaking, have been law professors, says the report.

The costs of playing hooky (Monday, 7/21/03)
The Chicago Tribune's Shawn Taylor and Kevin Pang tell about how those who conscientiously go to work are affected when some people take sick days when they're not sick. In recent years, many employers have trimmed staffs in order to reduce costs. A consequence has been increased labor productivity, but when some are laid off or cut work days, and the amount of work either remains the same or increases, the burden increases for those remaining on the job.

Wear a youthful mask? (Monday, 7/21/03)
Many people who are older than somebody might think they should be are afraid that they will be victims of age discrimination in a tight job market, so, as Stephanie Armour of USA Today reports, they're trying to conceal their ages.

Today's NewWork News Web Tip: Elder Mistreatment (Monday, 7/21/03)
The National Academy Press is publishing a conventional book called Elder Mistreatment: Abuse, Neglect, and Exploitation in an Aging America, but has also made it available online.

Where you might have the best chance of landing a job (Sunday, 7/20/03)
Ironically, maybe paradoxically, your best chances might be with companies that laid off large numbers of workers, because many of them are beginning to hire again.

Silicon Valley finds its pulse (Sunday, 7/20/03)
Jon Swartz and Jim Hopkins report on signs of hope in the big U.S. hi-tech corridor.

Never do in moderation what can be done to excess (Sunday, 7/20/03)
Americans have a global reputation for wasting too much, spending too much, borrowing too much, eating too much, and working too much. None of these habits is likely to change any time soon. Here's what Gwendolyn Freed has to say about longer, rather than shorter work weeks.

Not traditional pensions, not Social Security, so...what? (Sunday, 7/20/03)
What will it take to finance a genuine retirement someday? Several things put together, probably, including savings, and, as Eileen Alt Powell reports, not enough Americans have been saving enough.

The gentle-man at the Fed (Sunday, 7/20/03)
Alan Greenspan would prefer that the budget deficit were not growing to such an impressive or alarming level, he says, but he isn't shouting. Here's more from Jonathan Weisman and John Berry .

A loophole that may benefit both rich and poor (Sunday, 7/20/03)
The Washington Post's Albert Crenshaw tells about "bottom-up leveling," and how it can result in benefits to low-paid employees...unless employers find a way around it.

Wal-Mart fights efforts to achieve class-action status (Sunday, 7/20/03)
If they have their way, a suit brought by six women against Wal-Mart would turn into a suit brought by 1.5 million women. Needless to say, Wal-Mart would prefer that it not be done that way, given the precedents that could be established and what it might be mean for their entire business operations.

Why are student loans different, when it comes to refinancing? (Sunday, 7/20/03)
Michelle Singletary sees an inconsistency and possible discrimination against those who borrow money for education rather than for things. She calls for reform on the refinancing of student loans.

Today's NewWork News Web Tip: America's Best Hospitals (Sunday, 7/20/03)
Here's the latest listing of America's Best Hospitals in the judgment of US News editors.

Consumer confidence rises (Saturday, 7/19/03)
The University of Michigan's measure of consumer confidence shows that American consumers have become somewhat more optimistic. That's important, because about two-thirds of the U.S. economy is made up of consumer spending.

Bush likes what he sees in the economic sphere (Saturday, 7/19/03)
President Bush believes the American economy is headed in the right direction and that improvement is on the horizon. While some of the most conservative Republicans have been wondering lately if he sometimes confuses his right and his left, many Democrats are wondering if he can tell up from down when it comes to the economy.

Two Congressmen focus on offshore outsourcing (Saturday, 7/19/03)
Representatives Smith and Inslee are asking for a GAO study of offshore outsourcing which may be in danger of decimating many kinds of professional and technical jobs in the United States.

Rainbow leads to confusion (Saturday, 7/19/03)
The Rainbow Food stores recently were sold by a Dallas-based company to a Milwaukee-based company. Ann Merrill reports that the previous owner apparently has shortchanged some employees on their vacation pay, but not others.

Will college faculty become obsolete? (Saturday, 7/19/03)
History Professor David Noble is worried about the future of college professors and higher education in general as much of it moves online. He sees "deprofessionalization" as well as major job losses. Here's Professor Noble's The Future of the Faculty in the Digital Diploma Mill from the American Association of University Professors.

Price-comparison on the web (Saturday, 7/19/03)
Ken Spencer Brown of Investor's Business Daily tells how consumers are making fuller use of search engines specifically tailored for consumers who want to find the best prices, and there may be implications for how the entire economy will function before long.

Today's NewWork News Web Tip: The Challenge of Helping Low-Income Fathers Support Their Children (Saturday, 7/19/03)
The Challenge of Helping Low-Income Fathers Support Their Children is a report from the Manpower Demonstration Research Corporation.

More big cuts (Friday, 7/18/03)
Ford Motor Company may cut as many as 2,000 jobs, while Boeing expects to slice an additional 5,000 jobs.

Presidential candidate says he would save manufacturing jobs (Friday, 7/18/03)
Democratic presidential hopeful Senator Joseph Lieberman says, if he becomes the next president, he will keep U.S. manufacturing jobs at home. So far, though, no presidential candidate or government official has said much about the growing hemorrhaging of white-collar professional jobs. SUNY Professor William Raynor was among the first to call attention to the exportation of jobs requiring high levels of education and skill in his BNWW article. Major news organizations quickly followed, but little has been heard from policy makers at this point.

401(k) catch up (Friday, 7/18/03)
If you're 50 or older, you can contribute an extra $2,000 to your 401(k) account, and that's probably a good thing to do, according to Ellen Hoffman.

Bad timing? (Friday, 7/18/03)
For investors, the best advice is to buy low and sell high, although telling when those points have been reached is the hard part. Similarly, if you've been waiting for the lowest mortgage rate before refinancing, you've probably waited too long already. Here's more from the Arizona Republic's Erica Sagon.

Meanwhile, credit card interest rates can get you to thinking about loan sharks, but, as Sandra Block reports, even those have started to drift downward. However, be careful of the gotchyas in the fine print.

The end as beginning (Friday, 7/18/03)
Christopher Farrell says a new report from TIAA-CREF finds that about a third of men and women receiving pension income also were employed full- or part-time during the year 2000.

Today's NewWork News Web Tip: Every Door Closed (Friday, 7/18/03)
The Center for Law and Social Policy's research finds that many policies intended to reduce crime may, in fact, contribute to recidivism. Their report, Every Door Closed: Barriers Facing Parents With Criminal Records, examines employment and other problems faced by persons with criminal records.

It's official: it was an eight-month recession (Thursday, 7/17/03)
The National Bureau of Economic Research has decided that the last recession began and ended in 2001, eight months in all. It seems like they've been working on their formulas longer than that, but it's been officially decided that the recession ended about two months after the 9-11 terrorist attack.

However, while the economy hasn't been contracting for nearly two years, it hasn't been growing much either, and indicators for the future are still mixed. For instance, while jobless claims were down a bit last week, the job market is still extremely week, with about 9 million Americans either unemployed or underemployed and looking for work. However, job creation always lags behind other factors as an economy recovers from a down period. Among the somewhat better bits of news, housing starts were strong in June. David Leonardt reports that a poll of 117 corporate executives finds optimism, but, still, a general consensus that growth will be modest. A second recession is very unlikely, though, they say.

Japan's economy may need another KITA (Thursday, 7/17/03)
There have been various efforts to stimulate the Japanese economy in order to boost it out of the lethargy from which it has suffered for more than a decade, but, so far, nothing has worked very well. Critics have said it's mostly because the Japanese government hasn't been willing to "bite the bullet" and institute politically-unpopular reforms to fix its banks, among other things. Now Bank of Japan governor Fukui is saying that additional measures may have to be taken.

Venture capitalists feel it's finally safe to stick their heads up (Thursday, 7/17/03)
Forbes magazine's Rich Karlgaard says that venture capitalists are beginning to fund startup companies again, and explains why startups are needed.

Did poor nations benefit from the '90s market boom? (Thursday, 7/17/03)
Pete Engardio says that, while market economics progressed hugely during the 1990s, a new report from the UN Development Programme says that developing countries didn't benefit particularly.

Today's NewWork News Web Tip: Behind in the Labor Market (Thursday, 7/17/03)
Left Behind in the Labor Market: Recent Employment Trends Among Young Black Men is a report prepared by Georgetown University professors Paul Offner and Harry Holzer and published by the Brookings Institution.

Want to hear something really impressive? (Wednesday, 7/16/03)
How about $450 billion? No, that's not Bill Gates' lunch tab. That's this year's estimated deficit, according to the White House. In fact, it's the biggest deficit ever, in simple dollar terms. However, when inflation and the overall size of the U.S. economy are taken into account, it's not as impressive, and the Administration argues that this is how we should look at it. Some Democrats, on the other hand, will argue that times have changed. The fact that more than 75 million boomers will start retiring in a few years, and the fact that Social Security and Medicare are on track for running out of money before a lot of Americans reach old age, means that the timing couldn't be a whole lot worse. The big tax cuts are contributing to the historic deficit, they say. On the other hand, Republicans argue that it is the tax cuts that will stimulate growth, and growth will take care of the deficit. On the other hand...

Consumer prices up slightly in June (Wednesday, 7/16/03)
It was because of food and energy cost increases. Nonetheless, overall inflation remains unchanged in the U.S. economy. For all practical purposes, there still isn't any. Here's more from Anna Willard in Washington.

A steady hand (Wednesday, 7/16/03)
Business Week's Michael Wallace says that Alan Greenspan's latest testimony before Congress provided neither hysteria nor hype, although he expressed some optimism about the American economy's second half of the year, as the Washington Post's John Berry reports. Those who have been hoping that increased spending on technology will provide the needed boost may have to wait a bit longer. Major tech companies aren't seeing any increase in demand for their products yet.

Glass beads help (Wednesday, 7/16/03)
Sara B. Miller writes about how a new skill is helping former welfare recipients build a new life.

Today's NewWork News Web Tip: Slavery Era Insurance Registry (Wednesday, 7/16/03)
The Slavery Era Insurance Registry identifies companies that benefited from slavery. It comes from the California Department of Insurance.

ANOTHER cut? (Tuesday, 7/15/03)
Chairman Greenspan, who seems to have suffered from an inflation allergy most of his professional life, seems to be worrying more and more about deflation now, as well as an economy that still hasn't stepped on the gas. Even though interest rates are as low as they've been since "The Purple People Eater" was a hit record, another cut could come, and soon.

UA mechanics switch unions (Tuesday, 7/15/03)
Mechanics at United Airlines have chosen the Aircraft Mechanics Fraternal Association to represent them, tossing out the International Association of Machinists in the process.

Automakers open contract talks with the UAW tomorrow (Tuesday, 7/15/03)
Danny Hakim reports from Detroit that rapidly increasing health costs will top the agendas of most negotiators.

Unintended consequences (Tuesday, 7/15/03)
The Alternative Minimum Tax was included in the IRS code thirty-three years ago to prevent wealthy people from avoiding income taxes altogether. Now, it's hitting an increasing number of middle-income taxpayers. Here's more from Mary Dalrymple in Washington.

Wanted: more men for nursing careers (Tuesday, 7/15/03)
The shortage of nurses continues throughout most of the United States and elsewhere, although it has eased somewhat in Minnesota. Jamie-Andrea Yanak reports that, in many parts of the country, an coping with the shortage includes efforts to attract more men to the profession.

Assistance helps keep workers (Tuesday, 7/15/03)
Housing assistance, that is. Arlene Superville reports that, while some people are being laid off, others are seen as so valuable by their employers that a special effort is made to help them stay...and live close to work.

Interns are advised to clarify expectations in advance (Tuesday, 7/15/03)
Student interns shouldn't be willing to give employers a "blank check," because it can mean trouble later. Get expectations in writing in advance, experts advise.

Healing Welfare (Tuesday, 7/15/03)
Philanthrophy is one of the healing arts, according to New Zealand's distinguished workforce expert, vivian Hutchinson, who may be best-known throughout most of the rest of the world as publisher of The Jobs Letter.

Today's NewWork News Web Tip: You are Worth More (Tuesday, 7/15/03)
You are Worth More is published by United Food and Commercial Workers Local 789 in St. Paul, Minnesota. It's an example of an ambitious, information-rich site, not from a national organization, but from a union local.

Confusion goes into overtime (Monday, 7/14/03)
The Bush administration wants to change the rules for determining who qualifies for overtime pay. They say approximately 600,000 people will be affected, but labor unions and others say it will be more like 8 million. The difference is an indication of the confusion to come.

Software jobs continue to flee the U.S. (Monday, 7/14/03)
Many tech firms moved much of their manufacturing and assembly operations to regions of lower labor cost some years ago, because the world is heavily populated with poor people who can perform those operations with fairly limited training. But, how about the sophisticated technical work that requires university preparation? As it happens, India has a large number of highly-trained tech experts who are willing to work for considerably less than similarly-trained Americans. Here's more from Rachel Konrad in one of California's famous Silicon Valley cities.

Meanwhile, Kris Maher of the Wall Street Journal says it's harder for job-seekers to get the attention of recruiters, because large numbers of them have been among the three million people who have lost their jobs during the past 2 1/2 years.

Many teenagers learn about competition this summer (Monday, 7/14/03)
A smaller proportion of American teenagers have summer jobs this year than at any time since the late 1940s. Here's more from Kate Zernike in Boston on who's competing with teens for available jobs this summer.

New kinds of mortgages (Monday, 7/14/03)
Thomas Fogarty reports on the continuing white-hot mortgage business fueled by the lowest interest rates since Eisenhower was president. As much as $3.3 trillion is likely to be written up in new loans this year. Moreover, mortgages are available in a variety of "shapes and sizes."

Today's NewWork News Web Tip: Directory of Development Organizations (Monday, 7/14/03)
Here's the latest edition of the Directory of Development Organizations which lists thousands of contacts for those interested in the reduction of poverty and the economic development of poor countries. The directory is divided into seven geographical sections.

Will a prescription meds benefit really become part of Medicare? (Sunday, 7/13/03)
Robin Toner and Robert Pear of the New York Times say that things have gotten stickier in Congress during the past few weeks, and a compromise on adding a prescription dug benefit to Medicare is looking harder to achieve.

Dead in the water...or not? (Sunday, 7/13/03)
A report submitted to the Japanese Cabinet on Friday says that the nation's economy is standing still, although Economics and Financial Services Minister Takenaka has been expressing optimism on television.

Is the U.S. job market beginning its recovery? (Sunday, 7/13/03)
Barbara Hagenbaugh says there are various signs of improving times, the most significant of which may be the Labor Department's report on the increase in temporary workers for the second straight month.

Americans still aren't saving enough (Sunday, 7/13/03)
According to a recent survey, most Americans with 401(k) plans haven't been making the maximum allowable contributions to them. At least since the Second World War, Americans have had a global reputation as big spenders, not big savers, and there has been growing concern about whether most Americans will be able to afford some sort of retirement.

Houston's growing number of Hispanic entrepreneurs (Sunday, 7/13/03)
The Houston Chronicle's Wendy Lee reports that the big Texas city's Hispanic population has been getting larger, and so has the number of Hispanics starting their own businesses.

Today's NewWork News Web Tip: Center for Women and Information Technology (Sunday, 7/13/03)
The Center for Women and Information Technology promotes the involvement of women in the IT industry and is located at the University of Maryland Baltimore County.

Arbitrator says that Verizon must bring back 2,300 workers (Saturday, 7/12/03)
The arbitrator says they were improperly laid off last December, but despite the new order, unions expect a contract fight. Here's more from Peter Howe of the Boston Globe.

Senate Republicans derail minimum wage increase (Saturday, 7/12/03)
Helen Dewar writes from Washington that Senate Democrats believe that seven years since the last minimum age increase is long enough, but Republicans have blocked efforts to give America's lowest-paid workers a raise.

Despite success, Thailand's PM is criticized (Saturday, 7/12/03)
The current Thai Prime Minister's tenure has been associated with economic growth that many nations can only dream about. Nonetheless, he has his critics because of the methods he's used to stimulate the economy. Here's more from Business Week's Michael Shari in Bangkok about "handouts" that might soon total $32 billion.

Overwhelmed? (Saturday, 7/12/03)
Africa is still reeling from centuries of colonization and exploitation followed by mismanagement and incompetent or vicious autocratic government. The continent's problems are hard to overestimate--poverty, disease, famine, and more. The Bush administration has committed itself to help, but it isn't easy to make a real difference, according to Pete Engardio and his report.

Blacks lose many of the gains of the '90s (Saturday, 7/12/03)
For decades, African Americans have had unemployment rates approximately twice those of Caucasian Americans, but the boom period of the 1990s helped close some gaps. However, Louis Uchitelle of the New York Times reports that gaps have been widening again as blacks lose the good jobs faster than whites.

Students connect with their past (Saturday, 7/12/03)
The Christian Science Monitor's Jeffrey MacDonald tells about students with summer jobs like those their grandparents had full-time and then some.

Unfamiliar tech duds (Saturday, 7/12/03)
Diane Lewis tells what it's like for technical personnel who have been used to casual dress when they enter new roles where the conventional business uniform is expected.

Today's NewWork News Web Tip: The HIPC Initiative and Human Rights (Saturday, 7/12/03)
Here's the United Nations' human rights assessment of the Poverty Reduction Strategy Papers: the Highly Indebted Poor Countries Initiative.

U.S. House supports Bush on overtime issue (Friday, 7/11/03)
President Bush wants to change the criteria which determine who is eligible for overtime pay, and the Republican-controlled House of Representatives voted its support.

Mixed indicators (Friday, 7/11/03)
Daniel Altman tells why it's difficult for economists to tell whether the economy really is improving or getting worse. There are data supporting both conclusions. Meanwhile, John Berry reports that the National Bureau of Economic Research is getting ready to declare an official end to the recession, even though criteria for that aren't all that clear and unambiguous either.

Altogether now, let's sing: "I've got rhythm, circadian rhythm" (Friday, 7/11/03)
Business Week's Kate Hazelwood reports that a study from Circadian Technologies finds that biological clocks may be taking the benefit out of the "graveyard shift" for employers.

More men in traditionally female occupations (Friday, 7/11/03)
Sex-typing at work has been breaking down a bit. More women now occupy traditionally male occupations, and, as Stephanie Armour reports, the opposite has been happening with greater frequency too. Economic hard times are helping many men to consider nontraditional career options.

Clueless at work (Friday, 7/11/03)
Times have changed, and, as Melinda Ligos reports, many employers are finding that they are having to spell out appropriate workplace behavior for interns that many people used to take for granted.

Today's NewWork News Web Tip: Development Initiatives (Friday, 7/11/03)
Development Initiatives works on issues having to do with poverty, development, and international relations. The organization is located in the UK.

Surprise--first time jobless claims were up last week (Thursday, 7/10/03)
Economists expected fewer jobless claims last week, but, instead, they were up by 5,000, remaining at a 20-year high.

Rising costs lead to changes (Thursday, 7/10/03)
Julie Appleby reports that small and medium-sized companies are changing their employees health benefits in an effort to cope with rising costs.

Is Microsoft leading the way? (Thursday, 7/10/03)
The software giant's decision to give employees stock rather than stock options may be a harbinger of things to come across much of the corporate world. Here's more from Gary Strauss and Michelle Kessler of USA Today.

India's competitors (Thursday, 7/10/03)
The Bangalore region is India's Silicon Valley, and may be one of the reasons that America's hi-tech corridor between San Francisco and San Jose may never again be quite what it once was. For instance, Oracle head Larry Ellison says his company will more than double the number of software engineers it will employ in India, bringing the total to around 6,000. Even without the new expansion, the greatest number of Oracle's software engineers already are located in India.

In other news from India, Manjeet Kripalani reports that privatization has gotten a big boost.

New "economic freedom" rankings (Thursday, 7/10/03)
The Cato Institute, along with other libertarian "think-tanks," has ranked 123 economies on "economic freedom." Hong Kong and Singapore are numbers 1 and 2, respectively, while Myanmar is 123rd.

Today's NewWork News Web Tip: The Global 2000 (Thursday, 7/10/03)
Here's Fortune magazine's list of the Global 2000 largest corporations in the world. But, what do they mean "largest?" So far as sales are concerned, Wal-Mart is number 1, but with respect to assets, it's Citigroup; for profits, it's ExxonMobile; and for market value, it's General Electric.

Reforms are beginning to work, Minister says (Wednesday, 7/9/03)
German Economics Minister Wolfgang Clement believes that recent governmental reforms are beginning to influence the German job market.

Majority of Venezuelans feel Chavez is to blame (Wednesday, 7/9/03)
A new poll finds that 70 percent of Venezuelans surveyed blame President Hugo Chavez for the country's unemployment problem.

Deflation expected to persist for a while in Hong Kong (Wednesday, 7/9/03)
BNP Paribas' Chief Economist Andrew Freris expects at least an additional year of deflation in Hong Kong after 55 months of consumer price declines.

As China's economy grows, coal mining remains risky (Wednesday, 7/9/03)
The world's most populous country has the world's fastest-growing economy and still has the world's deadliest coal mines. Here's more from David Lynch in Mengjiagou, China

Microsoft breaks new ground (Wednesday, 7/9/03)
No more stock options at Microsoft. Instead, the company will simply give workers shares. Here are details from John Markoff and David Leonhardt of the New York Times.

FLRA says screeners don't have a right to organize (Wednesday, 7/9/03)
The head of the Transportation Security Administration can decide the terms of employment for airport security screeners, according to a ruling by the Federal Labor Relations Authority.

An occupational hazard for Japanese train employees (Wednesday, 7/9/03)
Japan's train passengers are inflicting violence on train employees at a much higher rate than last year.

A bear is loose in biz school (Wednesday, 7/9/03)
Business school applications are down, according to Business Week's Jennifer Merritt. Economic downturns usually are good for universities, because many people decide to stay in school when faced with a cranky job market. Over the past two years, applications to leading MBA programs held firm, but not this year.

The quest for security is in (Wednesday, 7/9/03)
Job security has become more scarce in the new economy, simply because of fundamental structural changes. However, massive layoffs over the past two years have resulted in major priority shifts among many professionals who are trying to change careers, according to Stephanie Armour.

Small loan department (Wednesday, 7/9/03)
In the United States, "microlending" to help people start businesses refers to loans of $25,000 or so, while in some parts of the world, the same term is used to refer to loans of a few dollars for the same purpose. Larry Werner of the Minneapolis Star Tribune tells how small loans from the Minneapolis Consortium of Community Developers are helping people start small businesses.

Closing the assertiveness gap (Wednesday, 7/9/03)
Career expert and author Peggy Klaus suggests that women who want to close the pay gap should do more hard-sell...about themselves. Here's Kirstin Downey with more about Ms. Klaus book, Brag! The Art of Tooting Your Own Horn Without Blowing It .

Today's NewWork News Web Tip: The Economic Impact of US Sanctions with Respect to Cuba (Wednesday, 7/9/03)
The Economic Impact of US Sanctions with Respect to Cuba is a 390 page report from the U.S. International Trade Commission requested by the United States House of Representatives.

Deadly violence at Lockheed (Tuesday, 7/8/03)
Six people are dead following shootings at a Lockheed Martin plant in Meridian, Mississippi. Here's more from Matt Volz.

Strike ends in Nigeria (Tuesday, 7/8/03)
In what may be an effort to tidy things up a bit and present a good appearance before the arrival of the President of the United States, Nigerian unions have called off their week-long strike over fuel prices. Meanwhile, in South America, a strike of Brazilian public workers has gotten off to a fairly ineffective start, according to Andrew Hay in Brasilia.

A judge attempts to help WorldCom employees (Tuesday, 7/8/03)
Devlin Barrett reports that a federal judge has approved fines of $750 million, saying that more would harm WorldCom's employees.

United's flight attendants oppose raises for technical workers (Tuesday, 7/8/03)
Two months ago, pay cuts for most of United Airlines' workers kicked in. Now, the company wants to provide 20 percent raises for about 600 professional and technical workers. Flight attendants oppose the idea.

New pension legislation to be introduced (Tuesday, 7/8/03)
The Bush administration wants to change the way corporations handle pensions. The New York Times' Mary Williams Walsh has details on the planned legislation which would reduce employer liabilities for the first two years, then change the way pensions are calculated thereafter.

Japanese companies continue to be wary of SARS (Tuesday, 7/8/03)
Japan's manufacturing companies are still being careful not to import or spread the SARS virus, even though the World Health Organization has declared the virus contained. Here's more from Tokyo's Asahi Shimbun.

A Northeast Asian economic zone? (Tuesday, 7/8/03)
South Korea's President is in Beijing where he has been trying to persuade Chinese authorities to work toward the development of a tighter Northeast Asian economic community. Will it be yet another example of efforts to organize in order to curtail the economic, cultural, and military dominance of the United States?

A rough time for white-collar professionals (Tuesday, 7/8/03)
Fortune magazine's Nelson Schwartz says that the current period exceeds the white-collar crisis of the early '90s as a hard time for educated professionals to find work.

Mirror, mirror on the wall, what is the highest-quality place to live of all? (Tuesday, 7/8/03)
The U.N.'s latest Human Development report ranks the world's nations in terms of life-quality, taking into account multiple factors, not just per capita income. The United States ranks 7th, and number 1 is...drum roll, the envelope, please...Norway. Evelyn Leopold reports that many Canadians aren't happen with the U.N. report. Canada came out 8th this time, after being number 1 for several years.

UN critical of development programs (Tuesday, 7/8/03)
According to a new United Nations report, programs to assist poor countries in their efforts to develop and industrialize aren't doing the job effectively. Here's more from Naomi Koppel in Geneva.

Today's NewWork News Web Tip: Aid and Reform in Africa (Tuesday, 7/8/03)
Aid and Reform in Africa is a World Bank report on how development aid has influenced economic policy in ten African nations.

NCL says strike will continue (Monday, 7/7/03)
The Nigeria Labour Congress has rejected a government offer for resolving the fuel dispute that precipitated a week-long strike.

Political wrangling entangles and delays stimulus package (Monday, 7/7/03)
South Korea's ruling party would like to enlarge the supplementary budget bill in order to stimulate the nation's economy, but the political opposition wants to reduce its size. Here's more from the Korean Economic Daily story.

"People's capitalism" in Argentina (Monday, 7/7/03)
Some Argentine courts have agreed to let workers take over bankrupt factories. Here's more from Larry Rohter in Buenos Aires.

The SEC takes on "shareholder democracy" (Monday, 7/7/03)
The Securities and Exchange Commission would like to see the elections for corporate boards of directors look less like Soviet elections. Kevin Drawbaugh tells how they intend to implement changes in order to reduce the power of management in choosing their bosses.

How do credit card companies differ from loan sharks? (Monday, 7/7/03)
Well, they aren't likely to break your knees. Nonetheless, using credit cards is one of the more expensive ways you can rent somebody else's money. The Houston Chronicle tells why credit card interest rates aren't likely to go down even though the Fed has made its 13th cut in the past 2 1/2 years.

What do you do when you've run out of friends and relatives? (Monday, 7/7/03)
The Washington Post's Margaret Webb Pressler tells about how the growing practice of mixing personal relationships with selling creates awkward situations.

Today's NewWork News Web Tip: Employment Characteristics of Families (Monday, 7/7/03)
Here's a Bureau of Labor Statistics report on the employment characteristics of American families by race, marital status, presence of children in the family and other variables.

Volkswagen cuts back in Mexico (Sunday, 7/6/03)
Volkswagen intends to reduce production at its Puebla, Mexico plant by 23 percent because of sagging overseas demand for its products, particularly in the U.S. That will mean as many as 2,000 layoffs...or pay cuts. Union workers have agreed to negotiate the pay cuts in order to preserve jobs.

Mao as venture capitalist? (Sunday, 7/6/03)
It's hard to imagine. However, as the Washington Post's Peter Goodman reports from Chengdu, China, the current Chinese government is doing its best to facilitate its historic transition from a centralized communist economy to a market-driven economy by funding entrepreneurs to help them get started.

Can you stand more good news? (Sunday, 7/6/03)
Workplace drug use in the United States seems to have declined over the past 15 years, even though it remains a major problem. Here's more from today's New York Times.

Importing temporary problems (Sunday, 7/6/03)
Most employers don't like to import problems; they feel that they can produce all they need on the premises. However, the new economy has become increasingly dependent on labor flexibility, which, among other things, means more reliance on temporary workers. But, as Amy Joyce reports, temporary workers sometimes are problem workers. So, what to do? Ms. Joyce tells about current efforts to put the quality in temporary.

Something new for boomers (Sunday, 7/6/03)
Long Island's Newsday reports that searching for job is a new experience for many members of the huge American baby boomer generation.

The difficulty of paying attention to just one thing (Sunday, 7/6/03)
Much has been written about "information overload," given constant access to hundreds of TV channels, an almost infinite number of web sites, cellular phones, Wi-Fi laptop connections, plus thousands of ads each day which try to cut through the clutter and compete for the attention of people who constantly are trying to tune things out. However, Matt Richtel reports that there are other people who seem to require constant stimulation through multiple channels, even during business meetings. Some are again misusing the term "addiction" to explain this phenomenon, while it may really be yet another example of obsessive-compulsive disorder.

Today's NewWork News Web Tip: The "New Economy" and Its Impact on Exemptions to the Fair Labor Standards Act (Sunday, 7/6/03)
The U.S. Department of Labor's Bureau of Labor Statistics teamed up with researchers at the University of Tennessee in order to study how the "new economy" influences executive, administrative and professional exemptions to the Fair Labor Standards Act.

A "just-in-time" approach holds down job growth (Saturday, 7/5/03)
The new economy rewards flexibility, so many organizations have become increasingly dependent on contract, temp, or part-time workers. Research conducted by the Kansas City Federal Reserve shows that a significant consequence of this trend has been to make job growth even more of a "lagging characteristic" when coming out of recessions.

Will the jobs come back? (Saturday, 7/5/03)
Things are looking up for the American economy, but job growth seems stalled, although the rate at which workers are being laid off seems to have slowed as well. Nonetheless, the U.S. unemployment rate has reached 6.4 percent, a nine-year high. Marilyn Geewax wonders why, if the economy is improving, unemployment is still on the increase. One reason, of course, is that, as things begin to look better, people who had given up start looking for work again, and, once again, are reflected in the unemployment statistics. Only those who are actively seeking employment are counted among the "unemployed." When you give up looking, you're among those "not in the labor force."

Another instance in which terrorism isn't economically helpful (Saturday, 7/5/03)
The 9-11 attack on New York City and Washington, D. C. had profound economic consequences that are still reverberating throughout the American and global economies almost two years later. The suicide attack on a Shi'ite mosque in Pakistan will have a similar impact on that country's economy, according to Pakistan President Musharraf.

First things first: get deflation under control (Saturday, 7/5/03)
Adam Posen, an economist with the Institute for International Economics is among those advising the United States government on its economic relations with Japan. He spoke at a symposium in Tokyo recently and told attendees that Japan must first conquer its deflation problem before carrying out structural reforms. The once "miraculous" Japanese economy has been in the doldrums for more than a decade.

The continuing growth of telecommuting (Saturday, 7/5/03)
One of the principal attributes of the new information economy is that some kinds of work can be done virtually anywhere. This is a concern for the American economy because of exportation of many "knowledge jobs," as SUNY Professor William Raynor examines in his BNWW article, "Globalization and the Offshore Outsourcing of White-Collar Jobs." However, the same technological capabilities have been contributing to domestic economic flexibility and efficiencies. Here's more on the tremendous growth of "telecommuting" from Christine Romero of the Arizona Republic.

More on bloody merger (Saturday, 7/5/03)
Jennifer Files of the San Jose Mercury News examines "the fake economy" and Alec Klein's new book, Stealing Time, which tells the amazing story of AOL's purchase of Time Warner. When you first heard about the merger, if you were astonished to learn that AOL was buying Time Warner, rather than the other way around, you probably noticed what was wrong with that picture.

Graduation from homelessness to work (Saturday, 7/5/03)
Success can breed success, and it's easy to underestimate the importance of even a small start in creating something big for people who have known no previous success. Amanda Paulson tells about a program that helps people make the critical transition from homelessness to work.

Once a lawyer, but... (Saturday, 7/5/03)
The Washington Post tells about a lawyer who lost his job several months before 9-11 and has had little but trouble ever since. He is a dramatic representative of the 9 million Americans who are either unemployed or underemployed and looking for work.

Do tax-deferred retirement accounts still make sense? (Saturday, 7/5/03)
Albert Crenshaw examines the wisdom of investing in IRAs or 401(k)s in light of the new tax-cut legislation.

Today's NewWork News Web Tip: UCLA Center for Health Policy Research (Saturday, 7/5/03)
The UCLA Center for Health Policy Research has been the principal source of health policy information for the state of California since 1994 and has a staff of approximately 60 persons.

Why the latest tax cut may not provide much immediate stimulus (Friday, 7/4/03)
Wealthy Americans aren't likely to run down to Wal-Mart with the money they save on taxes, and a new poll suggests that many Americans of more modest means may not spend it either. Thomas Fogarty of USA Today reports that far more Americans say they're likely to pay off debts rather than spend the extra money.

While the money will work its way through the private sector eventually--and economic conservatives tend to like anything that reduces the relative size of government--the Administration has been hoping for an immediate boost from consumer spending. Debt-ridden Americans may not make that happen. While no Democratic candidate in his/her right mind would ever say so, anything that is bad for the economy over the next several months may be good for the Democrats' chances of recapturing the White House. The increasing unholy mess in Iraq serves Democratic campaign aims too, but you'll never hear them say so.

And, oh yes--speaking of Wal-Mart, you may be seeing union organizers in a lot of their stores following yesterday's action by the Arkansas Supreme Court.

A good month for services (Friday, 7/4/03)
The services sector expanded more rapidly than expected in June. Here's more on the new report from the Institute for Supply Management.

Japan gets smaller (Friday, 7/4/03)
Most Americans who visit Japan are impressed with the great population densities, particularly in Tokyo, where people are employed as "pushers" during rush periods to get as many as possible on the subways. However, Japan is undergoing a population decline, and some regions are trying to attract residents from others. Here's more from Asahi Shimbun's Takuju Tsuruoka.

Oil workers join strike (Friday, 7/4/03)
Nigerian oil workers have joined a four-day nationwide general strike over fuel prices.

Not all cheap labor is located overseas (Friday, 7/4/03)
Dell Computer Corporation found quite a lot of it behind bars, but has decided to stop using it because of a growing public relations problem.

Russia and its bomb (Friday, 7/4/03)
In this case, it's a time bomb, and it involves Russia's pensions. Here's more from Business Week's Jason Bush in Moscow.

Nation's largest union targets Bush (Friday, 7/4/03)
The National Education Association is meeting in New Orleans. Republicans often complain that the Democratic Party is under the sway of the teachers' unions and the trial lawyers. If this is true, they may be talking mostly about the NEA, which is not only the largest teachers' union, but also the largest union of any kind in the United States. However, the American Federation of Teachers is politically influential as well, and both appear to be opposed to President Bush's re-election. The NEA hasn't endorsed any particular Democratic candidate yet, a decision which is complicated by the fact that no single aspirant has pulled out far ahead of the pack at this increasingly late date. As we reported yesterday, Howard Dean has achieved sufficient prominence to make the others take him seriously, but, at this point, he's really just the tallest dwarf among dwarfs.

If you're planning to live forever, change your plans (Friday, 7/4/03)
Thane Peterson discusses the general topic of aging and mortality, including questions about why people in some affluent, industrial countries live longer than those in other affluent, industrial countries. He finds Jay Olshansky and Bruce Carnes' new book, The Quest for Immortality: Science at the Frontiers of Aging instructive. Meanwhile, what about the great majority of the world's people who do not live in advanced, wealthy societies? Christopher Farrell discusses the new global economy and how it has been associated with dramatic declines in poverty in the world's two largest nations. Can we expect a worldwide increase in life expectancy, as well?

Telecommuters and unemployment benefits (Friday, 7/4/03)
In the old economy, employees usually had to be located close to their employers. However, in the new information economy, some work can be done nearly anyplace. You can do work for others without being in the same building, same state, or even on the same continent. Some things have been changing with lightning speed, but institutions lag and change direction like a battle ship...very slowly. New York's high court has ruled that a woman cannot collect unemployment benefits in that state after doing work for a New York employer because she has been working from Florida. Millions of American telecommuters may be affected.

If you're breathing, you're qualified? (Friday, 7/4/03)
Well, maybe not EVERYBODY is cut out to be in charge, but a new study conducted by a Northeastern University psychologist suggests that being a good subordinate is something for which more people are unsuited. The report will appear in the October edition of the Journal of Personality. Incidentally, it's probably a good idea not to generalize these findings too much. The press typically focuses on individual research studies that they feel may attract public interest, but isolating one study from the hundreds of others that more adequately represent the "big picture" can be highly misleading.

The vanishing lunch break (Friday, 7/4/03)
Workers in Britain want it back. Here's more from Marilyn Gardner of the Christian Science Monitor.

Today's NewWork News Web Tip: Government and Labour Law and Administration (Friday, 7/4/03)
Government and Labour Law and Administration (GLLAD) is part of the International Labour Organization, which itself is an agency of the United Nations. The GLLAD site is intended to encourage and facilitate governmental labour ministries in engaging in social dialogue.

U.S. unemployment hits 6.4 percent (Thursday, 7/3/03)
The unemployment rate in the United States hits its highest level in nine years in June. Here's more from Leigh Strope in Washington. Here's even more from Kenneth Gilpin of the New York Times.

No kidding (Thursday, 7/3/03)
The White House reports that President Bush is concerned about the rise in unemployment, which shouldn't be any surprise. Millions of jobs have been lost so far during his first administration, and the time remaining for turning things around before the next election is getting short. At the moment, it's looking as though his administration may share the distinction of presiding over impressive net job lossess with the Hoover administration, which not only isn't good for the many displaced workers directly affected, it isn't very pleasing to voters, some of whom are the same people. If it weren't for the lingering feeling of insecurity because of the threat of terrorism, which many Democrats agree continues to be a problem, President Bush might be packing his saddlebags right now for his return to Texas.

But, if he needs a little extra help in his re-election campaign, many Democrats, who have proven so effective in setting up circular firing squads, may be able to provide it. Suddenly, former long-time Vermont governor, Howard Dean, has moved from a marginal annoyance to other Democratic hopefuls to the head of the pack, given his success at raising money and the enthusiasm of his supporters. Governor Dean is smart, tough, and, in addition to the money, has a credible strategy for gaining the Democratic nomination.

However, many influential Democrats are afraid that it could be 1972 all over again. George McGovern was a war hero and a sober, reasonable man. However, at the time, some aspects of his ideology and many of his most vociferous supporters scared the hell out of many Americans. The result was that McGovern carried only Massachusetts and the District of Columbia, and America got Nixon. Despite everything, including the job losses, Bush II strategist Karl Rove may have reason to smell a landslide.

The world begins to gang up on the U.S. (Thursday, 7/3/03)
Given traditional criteria, the United States, now the world's only military superpower, which will soon be spending more on armaments than all of the other countries in the world combined, is also the world's economic Goliath, spreading its popular culture and its "4th of July" ideas over the globe. However, in a very new world, traditional criteria may not mean much, and being a superpower doesn't mean America can have everything its way. The President of the United States is the most powerful individual in the world too, but, while this means that he can schedule a state dinner on command, he may not be able to make more important things happen when he wants to. Have you noticed?

Despite its power, the U.S. contains slightly less than 5 percent of the world's population. No single country can challenge it on much of anything, but there can be strength in numbers, nonetheless. Recent Western-European resistance to the war in Iraq was partly about Iraq, but mostly about containing U.S. power and sticking a finger in Uncle Sam's eye. Economically, similar things are happening. For instance, Kim Housego reports from Colombia on efforts to form a South American coalition to pressure the U.S. to grant trade concessions.

Job-creation in China (Thursday, 7/3/03)
Despite everything, including SARS, all indications are that China's economy remains the fastest-growing in the world. But, as United Press International's business correspondent Christian Wade reports from Shanghai, there still aren't enough jobs for the expanded supply of new college graduates.

Alaska prepares for a downturn, or should (Thursday, 7/3/03)
David Reaume writes in the Anchorage Daily News about the optimism of Alaskans, as well as why the state's economy is ready to slump.

What can we expect to happen as pay increases? (Thursday, 7/3/03)
Supply-side economic theory assumes that people will work more if their take-home pay increases, but Alan Krueger says that this may not be the case. Among the reasons: the "income effect" and "substitution effect" may largely cancel each other out.

More Europeans worry about outliving their incomes (Thursday, 7/3/03)
European economies, which for many years have tended to be very generous in the social service area, are trying to cut back on government-funded benefits in order to leave more money in hands of consumers and the private sector with the hope of stimulating growth. Richard Bernstein tells why this is causing alarm among many older persons as Europe ages. Meanwhile, David McHugh writes from Frankfurt in the Seattle Post-Intelligencerabout how the failure of the recent strike in the former East German region may help advance to effort to provide the kinds of reforms that the German economy, Europe's largest, the world's third-largest, needs in order to rise from its persistent slumber.

What does Google have to do with foreign affairs? (Thursday, 7/3/03)
Any sentence with "Google" in it may sounds like an Eddie Cantor song from 70 years ago, but, nowadays, is more likely to refer to the search engine that is helping to connect nearly everything to nearly everything else throughout the world. Three-time Pulitzer-Prize winner Thomas Friedman of the New York Times makes the connection between the increasingly ubiquitous Internet and how the world is likely to function from now on, including new kinds of dangers.

Today's NewWork News Web Tip: World Bank Photo Library (Thursday, 7/3/03)
Enter "guest" as your user name and "browse" as your password in order to examine the World Bank's online photo library, which includes hundreds of images of development from throughout the world.

Three dead in Missouri workplace violence (Wednesday, 7/2/03)
Three people are dead and four more have been wounded in a shooting incident in a Jefferson City, Missouri manufacturing plant.

Factory orders up (Wednesday, 7/2/03)
Factory orders increased by 0.4 percent in May, according to the Commerce Department.

Wal-Mart broadens anti-discrimination policy (Wednesday, 7/2/03)
Gay and lesbian workers are now included in Wal-Mart's anti-discrimination policy. Here's more from USA Today.

German officials are worrying less about deflation (Wednesday, 7/2/03)
David McHugh reports from Frankfurt that the German government is most concerned with getting the nation's economy out of neutral, and its plans for accelerating tax cuts are intended as a big help. There is less concern about deflation now. Meanwhile, the world's central bankers don't expect a rapid global recovery. Here's more from Basel, Switzerland.

Why the corporate world is generally pleased with the Supreme Court ruling (Wednesday, 7/2/03)
The Washington Post's Amy Joyce tells how the Court's affirmative action decision will affect the American workplace, and why corporate officials are happy about how it came out.

Time bomb? (Wednesday, 7/2/03)
The legislation passed through Congress recently has been billed as the biggest change to Medicare since its inception, but is it something to celebrate? This op/ed piece from USA Today suggests that many seniors won't like it when they read the fine print. The Administration may be hoping that will take a while, such as until after the next election.

The good news and bad news of increased efficiencies (Wednesday, 7/2/03)
For a long time, despite huge tech expenditures, there were no increases in productivity. However, we were saying all along that it was primarily a people problem, not a technology problem. Once we learned how to get more out of our technology, the productivity increases would come, and they did. Caroline Humer and Nichola Groom say that we're experiencing another round now. Corporations have learned how to get more out of the technology they already have, which is good for overall labor productivity, but not so good for the tech sector, which would like to sell more of the latest stuff. It would help the economy get going if they could do that.

What the new interest rate cut WON'T mean to you (Wednesday, 7/2/03)
You may save on home equity lines of credit, but don't expect zero-percent auto financing to go lower, according to the San Francisco Chronicle's Kelly Zito. Mortgage rates aren't likely to benefit either, and, in fact, are beginning to inch higher.

Today's NewWork News Web Tip: Money 101 Glossary (Wednesday, 7/2/03)
Money, money, money, and thousands of other words are defined and explained in the Money 101 Glossary.

New economic data disappoint (Tuesday, 7/1/03)
New reports show the manufacturing and construction sectors weakening, and Wall Street displays its displeasure with the news, even though stocks had a very strong second quarter, which ended yesterday. Here's more about that from today's Washington Post.

Job cuts slow (Tuesday, 7/1/03)
The number of jobs sliced from the economy during June was the smallest in 31 months, according to a new report from Challenger Gray & Christmas. While that's encouraging news overall, 3,100 flight attendants at American Airlines are getting the bad news, following a federal judge's ruling. Finally, this story from the Houston Chronicle tells what it's like for a two-paycheck family to become a no-paycheck family.

The world's second-most-rotten job? (Tuesday, 7/1/03)
Being president of Bolivia has been no fun at all during the past year, and the nation's economics has had something to do with it.

What's the first-most-rotten job? Possibly being governor of California, although there's a lot of competition. It could be that "buyer's remorse" will result in the recall of Governor Gray Davis, whose popularity has plummeted only a few months after his re-election. If it happens, voters will be asked if they want the current Governor tossed out, followed by a second question which will ask them to choose one from a list of possibilities. If enough people vote for Davis' outster, the person with the most votes becomes governor IMMEDIATELY.

Movie star and California real estate mogul Arnold Swartzenegger is said to see this as a possible opportunity to grab the governorship if it falls off a truck, because such a vote will be mostly determined by how recognizable the people on the list are, and who's more recognizable than "The Terminator" himself? The only individual who would likely defeat Arnold under such circumstances is U.S. Senator Diane Feinstein,but she says she's not interested. Wise Senator. California's budget problems are soooooo bad, it's hard to see who would want the job except somebody who really knows how to fix the problem, and who is that? If Arnold wants to become wildly unpopular, this may be the way to do it.

However, Arnold is an interesting kind of Republican, because he seems to agree with his Kennedy-clan Democratic wife on a number of social issues. He's mostly a free-market, entrepreneurial, capitalist Republican, but highly domesticated. Not the Darwinian, anarchistic type that might secretly prefer to replace the Constitution with the Articles of Confederation or no government at all, and not the kind who, as Mark Shields has said, would like to criminalize the Victoria's Secrets catalog. Unlike President Bush, who may or may not really be a "compassionate conservative," Mr. Swartzenegger seems more like former football hero and onetime presidential candidate Jack Kemp--a "bleeding heart conservative."

On his national Saturday night radio program recently, Garrison Keillor has been keeping a running gag going about how he has become a Republican. It may not be so much of a joke for those who are sincerely committed to some of the traditional Democratic issues. Now that the party has been acting like the gang that can't shoot straight in recent years, doing its best to make it easy for Republican opponents to demonize the term "liberal," it may be easier to serve those issues effectively from now on by joining the Republican Party and bringing about changes from the inside. The party of the "neo-cons" or of Newt is not the party of Teddy Roosevelt, let alone the party of Lincoln, although it could be again, and, for the moment, at least, it seems to be capable of holding public confidence and winning elections.

Congratulations, you're the new EU president. Now, you'd better duck (Tuesday, 7/1/03)
Italy's PM Silvio Berlusconi became head of the European Union yesterday, an, so far, his tenure has been a rough one.

A slight turn of mind in Japan (Tuesday, 7/1/03)
For a long time, surveys of Japanese business leaders have shown strong skepticism about Japan's long-suffering economy's ablity to make an imminent comeback. However, a new survey finds considerable optimism. Meanwhile, another major industial economy located nearby to Japan's west is experiencing bumps in various sectors. For instance, unrest persists in its rail industry as workers end their strike.

The Chairman had to do it...? (Tuesday, 7/1/03)
Rich Miller of Business Week explains why he thinks that Alan Greenspan had to go ahead and cut interest rates again.

Multitudes prepare to turn in their chalk (Tuesday, 7/1/03)
There were a number of years during the '60s, or thereabouts, when many small universities became huge universities and a new community college was opening about once per week in the United States. The boomer generation had hit the colleges, and that meant a tremendous number of new professors entered the nation's higher ed classrooms. People finishing their grad degrees were being chased as if they were rock stars or NFL prospects, and the job market for academics hasn't been quite so good since. However, maybe it will be again, because many of those once-new professors are approaching retirement at the same time. Here's more from Eric Ferreri, Angela Forest, and Kimberly Sweet of the Durham Heald Sun.

Today's NewWork News Web Tip: EconDash (Tuesday, 7/1/03)
If your car's dashboard has meters, this will be a familiar metaphor. EconDash includes meters representing various economic statistics.

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