2001-10-01

2001-10-01
_Contrary Investor_/_SafeHaven_
Market Observations with graphs

2001-10-01
Elizabeth Blakey _CNN_/_eCommerce Times_/_CIO Today_/_NewsFactor_
Dot-Com Job Cuts Reach 15-Month Low
Tech World News
"September's 2,986 dot-com job cuts brings the 2001 total to 90,781.   The 2001 running total is more than double the year-end total in 2000...   Dot-com job cuts fell to 2,986 in September, the lowest level since 2000 July -- the month that marked the beginning of the dot-com job-cutting spree that has claimed more than 125K jobs in 15 months -- according to a report released Monday by executive placement firm Challenger, Gray & Christmas (CGC).
  September job cuts decreased 39% from the 4,899 in August, CGC said, and were lower by 38% compared to 2000 September, when 4,805 dot-com cuts were announced...   2000 July, which saw 2,194 jobs lost, is the month when the dot-com job cuts really started to mount, according to CGC.   From 2000 July to 2001 September, 126,898 job cuts were announced by dot-coms.   September's 2,986 figure brings the 2001 total to 90,781 - with 3 months to go before year-end.
  The 2001 running total is 119% more than the year-end total from 2000, when 41,515 dot-com jobs were eliminated.   The total through 2001 September is also 457% more than the 9-month total in 2000 of 16,289."

2001-10-02

2001-10-03

2001-10-04

2001-10-04
_USA Today_/_Reuters_
Lay-off plans hit high for year

2001-10-04
_CNN financial network_
Job cut plans soar: report

2001-10-04
Jane Black _Business Week_
Don't Make Privacy the Next Victim of Terror: The clamor for national ID cards ignores a simple fact: Such a system would have done nothing to foil the 2001 September 11 attacks
"On [2001] September 21, no less than Oracle CEO Larry Ellison entered the fray, calling for the creation of a national ID system, even offering to donate the software to make it possible.   'The privacy you're concerned about is largely an illusion.   All you have to give up is your illusions, not any of your privacy.   Right now, you can go onto the Internet & get a credit report about your neighbor & find out where your neighbor works & how much they earn.',Ellison told TV station KPIX in San Francisco."
Privacy links

2001-10-04
Mike Boyer _Cincinnati Enquirer_
GE Aircraft Engines to slash 4K jobs: 800 in tri-state
"The planned cuts come as a result of the slow-down in commercial aviation following the Sept. 11 attacks on the World Trade Center and the Pentagon.   The cuts will take effect starting next month and will continue into early next year.   They represent about 13% of GEAE's worldwide employment of 30K and about 10% of the 8K the company employs in Greater Cincinnati."
 

2001-10-05

2001-10-05
James J. Puplava _Financial Sense_/_USA Gold Gilded Opinion_
Pedal to the Metal
"Total announced job cuts totaled 248,332 in September, up 77% from the previous month.   Job lay-offs numbered 140,019 in August according to out-placement firm Challenger, Gray & Christmas.   Over 81% of those job cut announcements took place after the attacks on the Trade Center and the Pentagon on September 11."

2001-10-05
Lynne Cheney _History Place_
teaching our children about the USA

2001-10-06

2001-10-07

2001-10-08

2001-10-09

2001-10-10

2001-10-10 13:06PST (16:06EST) (21:06GMT)
Lisa Baertlein _Reuters_
Oracle CEO Security Plan Spawns Criticism
"Larry Ellison, who has long campaigned for corporate America to unite its key financial data on his software, now has a more ambitious dream: a national data-base running Oracle Corp. software that takes in every man, woman & child in the United States."
Privacy links

2001-10-10
Kent Milholland _Darwin Magazine_
Lay-Offs Have Been a Problem Long Before 2001 September 11
" If you lay off employees because the company had more employees that it needs (which is often the case), that is appropriate.   But if you lay off employees to make stock prices go up for the next few quarters, then that is wrong.   When you do that, you lay off employees that you should keep, and your goods or services decrease in value (quality, service, price... doesn't matter)   And that has too often been the case lately.   The Compaq/HP merger is exactly that.   That move is actually bad for stock-holders, employees, and customers, but it will make money in the short term for the high level executives.   They are not providing any 'value', they are simply extracting more money than they are worth from the companies at the expense of everyone else."

2001-10-11

2001-10-11
_USA Today_
"The Labor Department reported Thursday that for the work week ending October 6, new jobless claims fell a seasonally adjusted 67K to 468K, a level that economists say suggests a weak jobs market."
graphs

2001-10-12

2001-10-13

2001-10-13
_San Jose Mercury News_
Well-meaning Congress putting liberties at risk
Privacy links

2001-10-13
_NY Times_
Fear National ID Cards
Privacy links

2001-10-14

2001-10-15

2001-10-15
Ron Paul _Ron Paul Library_
Effective and Practical Counter-Terrorism Measures
"my belief is that the most effective steps we can take do not infringe upon the civil liberties of American citizens. In fact, I believe only a free society can ever be truly secure. The goal should be to make terrorists feel threatened, not the American people."

2001-10-16

2001-10-16
_BLS_
BLS Strategic Plan
"There is continued concern that employment relationships are becoming less secure.   The temporary help industry has grown more rapidly than many other sectors of the economy.   Further, in 1997, 6M workers viewed their main job as contingent, believing that they lacked a commitment for ongoing employment in that job.   In addition, millions of workers are displaced from their jobs each year because of structural changes in the economy."
goals

2001-10-17

2002-10-17 _Poli Tech Bot_
EPIC dares Larry Ellison to debate; more on national ID cards
Privacy links

2001-10-17
_USA Today_
Tech-Visa Workers Feel Heat

2001-10-18

2001-10-19

2001-10-20

2001-10-20
Marshall Masters _Your Own World USA_
The Beast Has Awoken – Part 1: Ellison's National ID Data-Base
"There is an old saying, 'In chaos is opportunity'...   The Minions of the Beast...   For those like Larry Ellison, Chairman & CEO of Oracle Corporation & SUN Microsystems CEO Scott McNealy, the answer is to pave a new path to the future of national security using the Internet, & it could be in place within months...
  The Orwellian homeland security apparatus will never [openly] demand that you carry a national ID card, but every institution & government agency that reports to that apparatus will give you a simple choice: No national ID card – no deal...   This 'solution' will eventually prove to be the greatest threat to our Constitutional liberties ever imagined, but it's a threat that pales in significance when compared to the amount of money to be made by satiating our new and urgent concern for security.
  Further, when we see who openly favors Ellison's scheme, the reason for us to be terrified of this new internal threat is beyond question...   Even though the Senator holds a permit to carry a concealed weapon, and is well skilled in the use of that weapon, she has helped to make it virtually impossible for other women in California to enjoy the same level of personal security."
Privacy links

2001-10-21

2001-10-22

2001-10-23

2001-10-24

2001-10-25

2001-10-25
_The Daily_/_Statistics Canada_
After the Lay-Off
"Three-quarters of those who were laid off from a full-time job from 1993 to 1997 found a new job within a year, according to a new study.   However, almost one-half took a pay cut and, for some, the success was short-lived.   During this 5-year period, a total of just over 1M individuals were laid off from jobs in which they had at least one year of tenure.   On average, 74% of them found a new job within 12 months...
  The unemployment rate, one year after their lay-off, averaged 23% for workers laid off from 1993 to 1997.   This was more than double the unemployment rate for the total labour force, which averaged 10% during this five-year period.   As the economy improved, joblessness declined.   The rate for laid-off workers ranged from 33% in 1993 to a low of 19% in 1996...
  Men under 35 and women under 25 had the best chance of finding a new job after a lay-off.   The chances of finding a new job dropped for each successively higher age group.   Women's chances of finding a new job were in all cases worse than men's in the corresponding age group-men 55 and over had a 66% lower chance of finding a job compared with men aged 16 to 24, whereas women 55 and over had a 77% lower chance...
  Having been laid off from a long-duration job (one of at least 5 years) also decreased the chances of a finding a new job."

2001-10-25

Privacy Villain of the Week: senator Dianne Feinstein
Privacy links

2001-10-26

2001-10-27

2001-10-26 19:17EDT (2001-10-26 21:17CDT) (2001-10-27 01:17GMT)
David Ivanovich _Houston Chronicle_
Recession evidence grows: Worsening economic news whip-saws a nervous nation
NBER says recession that troughed in 2001 April ended 2001 November.   The stock market crashed 2000-03-10.   The STEM job markets were already diving by 2000 September, and general job markets in mid-2001.   STEM product sales were tanking all through 2001 and 2002.   Job markets still had not fully recovered by the end of 2016.

2001-10-27 02:00PDT (05:00EDT) (09:00GMT)
_Wired_
The Oracle of National ID Cards
"After Ellison ignored an invitation to a privacy confab in Washington, the event's organizers went ahead & played an audio clip of Ellison promoting national ID cards during a recent speech to employees.   A photo of Ellison even graced the podium.   In his speech, Ellison said Americans have been so busy worrying about government snooping, that 'we've made it impossible for the government to protect us'.   An article Ellison wrote for The Wall Street Journal is more blunt: 'The government could phase in digital ID cards to replace existing Social Security cards & driver's licenses.   These new IDs should be based on a uniform standard such as credit card technology, which is harder to counterfeit than existing government IDs...'."
Privacy links

2001-10-28

2001-10-29

2001-10-29
Anna Maria Virzi & Rory J. Thompson _BaseLine_
Cheaper by the Rupee

2001-10-30

2001-10-30 (5762 Mar-Cheshvan 13)
James K. Glassman _Jewish World Review_/_News & Opinion_
A National ID KKKard?
"Is [Larry Ellison] a man to trust with the software for tens of millions of identification cards?...   Ellison proposes bringing information from 'myriad government data-bases [such as Social Security and law-enforcement records] together in a single national file...   A national database combined with biometrics, thumbprints, hand prints, iris scans, or other new technology could detect false identities.', he wrote.   'Gaining entry to an airport or other secure locations would require people to present a photo ID, put their thumb on a finger-print scanner and tell the guard their Social Security number.   This information would be cross-checked with the data-base.'...   The Ellison proposal has won the approval of, among others, senator Dianne Feinstein... 'If you have an I.D. card,' says former representative Tom Campbell (R-CA), now a law professor at Stanford, 'it is solely for the purpose of allowing the government to compel you to produce it.   This would essentially give the government the power to demand that we show our papers.   It is a very dangerous thing.'"
Privacy links

2001-10-30
_IT World_
Privacy Advocates Warn of Security Implications
"ID cards only work if they have a single purpose that is clearly identified & protected, said Robert Ellis Smith, editor of Privacy Journal, who referred to such cards as domestic passports.   If the cards carry multiple pieces of information -- name, address, workplace, & Social Security number, for example -- then an official who checks an individual's identification to, say, allow entrance to the work-place, will have access to more information than is needed for admittance."
Privacy links

2001-10-31

2001 October
Trish Nicholson _AARP Bulletin_
50+ Workers Hit by CutBacks
"AARP Foundation lawyer Laurie McCann... notes that 16K age bias complaints were filed with the U.S. Equal Employment Opportunity Commission last year, up 2K from 1999. That may help explain why it takes unemployed older workers longer than their younger colleagues to find new jobs.   In August the BLS clocked the median duration of unemployment at 10.6 weeks for those ages 55 to 64, compared to 6.5 weeks for those 25 to 34."

2001 October
Richard Ream _Info Today_
How to Recession-Proof Your Career
"Chicago-based out-placement firm Challenger, Gray & Christmas tells us that since 1993 there have been only 6 months during which job cuts exceeded 100K in the U.S.   4 of those have occurred since 2000 December...   Silicon Valley Business, Inc. states that 406,806 jobs disappeared nationwide in the first quarter of this year.   This compares to approximately 650K jobs lost nationwide in all of 2000.   According to several surveys of hiring managers, the majority now believes that the economic down-turn will end within 12 months (28%) or in more than 1 year (23%). 35K resumes are posted daily to Monster.com..."

2001 October
John Dreijmanis _Monthly Labor Review_
Universities' employment
"Although the book [_The Academic Market-Place_ by Theodore Caplow and Reece J. McGee] does not deal specifically with the academic labor market as such, it is set in the 1950s when there was a seller's market and fears of faculty shortages.   Since the 1970s, there is a buyer's market in many disciplines with more qualified applicants than available positions, and the consequently large numbers of unemployed and under-employed academics (educational qualifications exceeding employment requirements).   Moreover, in an increasing number of disciplines the academic labor market is now global.   Also, colleges and universities now have far higher proportions of temporary and part-time positions."

2001 October
Molly Joss _ComputerUser_
Ageism in IT rears its ugly head: How to avoid being on the wrong side of IT age discrimination
"The fact that managers prefer younger applicants is almost taken for granted in IT.   Proving this with statistics is almost impossible, because IT managers would never admit to anything that might bring liability to themselves or their companies.   But supposing that we can believe the hundreds of anecdotal claims ComputerUser has received over the last 2 years, what should older workers do to protect themselves?...   In 1967, Congress passed the Age Discrimination in Employment Act (ADEA); the act makes it illegal for an employer to refuse to hire or to deliberately fire someone 40 years old or older simply on the basis of age.   The act also makes it illegal to discriminate against someone 40 or older with respect to his or her compensation, terms, conditions, or privileges of employment -- or to advertise for employment indicating any preference or specification based on age.   Many states also have laws banning job-related discrimination based on age; some states have a lower age threshold than the ADEA."

2001 October
Trish Nicholson _AARP Bulletin_
50+ Workers Hit by Cut-Backs
"With the economy sagging and lay-offs mounting, more American workers age 50 and older are losing their jobs -- and even more may be unemployed before the year ends...   U.S. companies announced 1.2M lay-offs from January through August, exceeding the year-end total for 2000 by 83%, Challenger says."

_BigCharts.com_ S&P Retail Index
Note the signs of weakness shown in the dip from 1998 July through November, relatively flat 1999, and the drop all through 2000.

AAA southern California fuel prices
AAA national fuel prices
AAA state by state

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