Items of interest

dms dmschanoes at earthlink.net
Sat Jul 5 15:13:03 MDT 2003


>From Financail Times and WSJ (web access requires fee, I have hard copy
subs).

WSJ  6/30: Manufacturing productivity in US grew at 2-3x the rate of the
overall economy 1973-2000.  90% of all US patents, 1963-2000, were granted
in manufacturing processes.



FT 7/1: Mexico, despite 20 fold growth in Mexico exports to US since 1980,
half the population still in poverty.  Since 2001, maquilladora employment
is down by 250,000.

WSJ 7/1: Since EU moratorium on genetically modified foods in 1996, US
exports of soybeans to EU have declined by half, corn exports down more than
90%.

Since 1999 major US air carriers have doubled balance sheet debt to 56
billion.  If equipment leases and rental contracts included, debt increased
from 86 billion to 125 billion.  In 2 years (2001,2002) airlines recorded 16
billion in losses. Only steel carrries higher debt+pension burden.






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