Timesizing® Associates

dooms du jour, June/2000
[Commentary] ©2000 Phil Hyde, The Timesizing Wire, Box 117, Harvard Sq, Cambridge MA 02238 USA (617) 623-8080


6/30/2000 fri
16 more takeovers reported, totaling $1.08B + $??
+ 3 downsizing reports, totaling 460 + unspecified jobcuts:
• 3.7% staff cut (260 Spokane jobs) as Potlatch lumber mutilates itself for pretax savings, instead of trimming hours 3.7% for all (to 38.5 hrs/wk) & keeping everyone working-earning-shopping
• 3% workforce cut (200 San Diego jobs) as Qualcomm gets hysterical about slowing chip sales, instead of paring its workweek 3% (to 38.8 hrs/wk) & maintaining its skill set & morale
• 100% staff cut (unspecified Brooklyn jobs) as Pacific House home for mentally ill closes
+ 3 more corporate fines/settlements:
• Buy.com, Value America & Office Depot settle with FTC over free-PC ads
+ omens: • another safeguard against 1929 dismantled - bucket shops with
disaster-invitingly low margin reqts return as "single-stock futures"
vs. glimmers of hope:
• 1 UNtakeover - Enesco cancels $175m purchase of Precious Moments
• Senate busts open books of tax-exempt political groups
• IMF mulls ending ruinous loan conditions for 3rd world
+ Features: • "Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, and their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/29/2000 thu
16 takeovers reported, totaling $11.04B + $undisclosed
+ 3 downsizing reports (unspecified cuts by firms, 5400 by industry):
• unspecified Italian cuts as big state company founded by Mussolini finally founders
• unspecified N. America cuts as Mazda dims from 929 to c.575 outlets over next 3 yrs
• 5400 jobcuts in e-tailing since Dec.
+ 3 corporate fines/settlements:
• regulators make Providian reimburse $300m for misleading customers
• NYSE fines Bear Stearns $400k for improper acct supervision & margin reqt laxity
• NYSE fines analyst $75k for baseless rumor & employer $60k for not stopping him
+ omens - 2 'horsemen of the apocalypse':
• drought & bad winter in Mongolia kills 2.2m livestock, only 10 people so far
• plagues (AIDS, TB, malaria) 160 times worse than natural disasters, says Red Cross
vs. trio of glimmers:
• House adds drug coverage to Medicare for seniors & disabled
• Supreme Court rejects outlawing abortion type by type  • Elian flies home
+ Features: • "Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, and their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/28/2000 wed
1 downsizing reported, totaling 1,150 jobcuts:
• 1,150 jobs lost as Crown Cork & Seal cans reacts suicidally to 1/3 profit drop
in past year due to competition & slumping sales, instead of cutting hours & pay 1/3
(to 26.7 hrs/wk), maintaining skills & morale, & keeping everyone employed & 'fightin'
+ 1 corporate fine/settlement: • Raytheon settles gender discrimination suit for c.$870k
+ 11 takeovers reported, totaling $1.06B + $undisclosed
+ omens: • the "Internet revolution" that wasn't
vs. glimmers of hope:
• 1 UPsizing - unspecified new Ala. jobs at Calpine's planned $350m power plant
• 35-hr workweek now yields stronger consumer base in France
• Ken Chenault, black executive, takes over as Amex CEO
• Globe editors want "surplus" put into health insurance
• "good, but..." - House OK's food sales to Cuba but Miami cripples
+ Features: • "Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, and their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/27/2000 tue
10 takeovers reported, totaling $4.33B + $undisclosed
+ 2 more downsizings reported, totaling 3,250 jobcuts +unspecified:
• 100% staffcut (2,350 jobs lost) as First Union shuts down The Money Store
• 1.7% of Calif. workforce cut (900 jobs) as Boeing moves operations to Colo. & Ala., instead of a 1.7% Calif. workweek cut (to 39.3 hrs/wk) to keep everyone employed
+ omens: • UN says world poverty (<$1/day/person) up by 200m people since 1995
vs. glimmers of hope:
• 2 UPsizings - 6000 new jobs worldwide at Stream International, 700 new Conn. jobs at Pfizer
• why shift $$B from making a society worth protecting to a StarWars shield for a society not worth it?
+ Features: • "Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, and their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/25-26/2000
weekend roundup per NY Times & Boston Globe:
• 8 more downsizings this past week, costing over 1369 lost jobs
• 57 takeovers reported this past week, worth $68.69B + undisclosed
• 6 bankruptcy mentions - e.g., Japan's EIE, Texas' Transcoastal Marine, NYC's
1st Union REIT, Genesis Health eldercare, Portsmouth's Maurice the Pants Man
vs. 11 UPsizings reported! (6090+ new jobs) and 3 UNtakeovers ($??)
<< YTD:  262 dnsz (325,122+  jobcuts) +1149 takov ($1395.27B+) vs. 73 upsz (46,218+=14%) +83 untak ($109.33B+) >>
+ 2 weekend takeovers, totalling $24.7B:
• Philip Morris grabs Nabisco's food biz for $14.9B
• R. J. Reynolds Tobacco Co. grabs the rest for $9.8B
+ 2 Chicago hightech downsizings mentioned this weekend:
• 29 layoffs at Divine Interventures • unspecified layoffs at US at Work
+ weekend omens: • hospitals hit for using young doctors over 80 hrs/wk
• Radcliffe Institutes scholar slams declining ability to leave work behind
vs. glimmers of hope
: • Nader makes NY Times again as he gets Greens' prez nomination
+ Features:  • "Mr. Timesizing" challenges Kennedy name & $4m warchest in Y2K Senate race
campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/24/2000 sat (on fri biz)
2 downsizings reported, totaling 58 jobcuts + unspecified:
• 24% staffcut (58 jobs lost) as Pseudo Programs online TV raises $14m & lowers morale, instead of 24% hours&pay cut for all (to 30.4 hrs/wk - incl. execs) & everyone keeps working & spending
• unspecified cuts as Maurice, Portsmouth-based 'Pants Man,' closes most of its stores
+ 11 takeovers reported, totaling $6.69B + $undisclosed
+ 1 corporate fine/settlement: • US Army withholds $150m
payment from Raytheon-Lockheed for dud design & 1-yr delay
+ 1 bankruptcy mention: • Maurice The Pants Man may be folding
+ omens: • Amazon.com finally meets "de Judge" - shares drop 19%
vs. glimmers of hope:
• 1 UPsizing, 200 new Vt. jobs at Putnam Investments
• court upholds EPA plan to stem Midwest coal plants' smogmail to E Coast
+ Features: • "Mr. Timesizing" challenges Ted Kennedy & his $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, and their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/23/2000 fri
2 downsizings reported, totaling 26+unspecified jobcuts:
• 26 Troy NY jobs cut as Aventis moves research to Toronto
• unspecified NYC jobs lost as Wilner Advertising closes
+ 8 takeovers reported, totaling $2.34B +$undisclosed
+ 2 bankruptcy mentions: • specific: Genesis Health eldercare
• general: Japanese personal bankruptcies rise to all-time high
+ omens: • money laundering spreads  • 3 meat inspectors shot to death in
Calif., fuels gun control, eloquent reader agrees, but one thing to remember
+ 1 corporate fine/settlement: • court approves Cptr Assocs' $234m shareholder
settlement as 2 investors force 3 executives to pay back outrageous stock perks
vs. glimmers of hope:
• 1 UPsizing, 250 new Euro jobs - Lucent expands in Denmark
• 1 UNtakeover - Kroger backs off 74-store buy from Winn-Dixie
• Nader on frontpage again - will only hurt Gore? - we don't think so
• coalition sets up Dem&GOP parallel conventions to focus on issues
• lady judge in NY softens criminalization of drugs, mandates treatment
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/22/2000 thu
4 downsizings reported including 3 newly reported dot-coms, totaling 1,285 jobcuts:
• 50% workforce cut (1000 Ohio jobs) as US Enrichment squirms out of its deal with the Energy Dept to keep both the nation's uranium enrichment plants open until 2004, & of course, no thought of substituting a 50% workweek cut to keep everyone employed
• 200 cuts at DEN.com (100% of workforce)
• 13% staff cut (50 jobs) at Living.com, vs. 13% hours&pay cut to keep all 'living'
• 25% staff cut (35 lost jobs) at ThirdAge Media - a 25% hours&pay cut for all (to 30-hr workweek) would have kept company together & cushioned our consumer base
+ 11 takeovers reported, totaling $11.11B +$undisclosed
+ 1 corporate fine/settlement: • American General settles bias case for $215.5m
+ 3 bankruptcies mentioned: • EIE, Japan's 3rd-biggest this year ($4.5B owed)
• Transcoastal Marine Services in Texas • First Union REIT in NYC
vs. glimmers of hope:
• 3 UPsizings - new Nevada luxury resort, new GM-MarketTools joint venture, new mosque in Athens
• 1 UNtakeover - Ernst & Young spins off ESecurityOnline.com
• Teamsters push to include Nader & Buchanan in prez debates
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/21/2000 wed
again, no downsizings reported
but 14 downsizing-inducing takeovers reported, totaling $40.33B
vs. glimmers of hope:
• 2 UPsizings, new jobs totaling 340 Mass. & unspecified Euro = Tellabs & WorldCom
• finally, hard data on comparative national health - France #1 again, US 37th
• India zaps ozone-depleters like chlorofluorocarbons over next 10 years
• pressures against guns, cellfones, predatory lending - Brazil & US
• older workers supposedly finding jobs more easily
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/20/2000 tue
no downsizings reported
but 12 downsizing-inducing takeovers reported, totaling $8.22B +$undisclosed
+ 1 corporate fine/settlement: • Accord settles patent infringment with Ezenia for $6.5m
+ omens: • 1m parents lost Medicaid & health insurance in 'welfare reform'
vs. glimmers of hope:
• 4 UPsizings, totaling 5300 new US & Euro jobs: McKesson 2k, Nortel 2k, Intel 1k, Corning Cable 300
• 1 UNtakeover - Sara Lee to spin off Coach clothing & accessories
• Dutch move to legalize comfortable and dignified death
• German editor entrusts us with some vital feedback
• Globe reader slams straitjacket of 2-party system
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/18-19/2000
weekend roundup per NY Times & Boston Globe:
• 8 downsizings this past week, costing over 7,197 lost jobs
• 60 takeovers reported this past week, worth $17.55B + undisclosed
• 2 bankruptcy mentions - e.g., Safety-Kleen & 73 of its US units
vs. 2 UPsizings reported (2000+ new jobs) and 5 UNtakeovers ($450m+)
<< YTD:  254 dnsz (323,753+  jobcuts) +1092 takov ($1326.58B+) vs. 62 upsz (40,128+=12%) +80 untak ($109.33B+) >>
+ 1 weekend takeover, totalling $??:
• HMS Partners ad agency buys Workstate interactive, both in Ohio
+ weekend omens: • as Japan sinks from win/win to win/lose capitalism
& economy deterioriates, communism regains acceptance
• 2 futile battles - minimum wage in NY, seniority in Mass.
vs. glimmers of hope
: • windmills make a comeback in Massachusetts
• Ralph Nader challenges "presidential debates" - with only 2 candidates debating
+ Features:  • "Mr. Timesizing" challenges Kennedy name & $4m warchest in Y2K Senate race
campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
Newly edited - Popping the big question

6/17/2000 sat (re fri biz)
6 takeovers reported, totaling $1.49B +$undisclosed + 12 police!
+ 2 more downsizings reported, totaling 1,497 jobcuts +unspecified, + 1 overview:
• 4% workforce cut (1430 Brit jobs) as Corus steel worsens export losses instead of doing a 4% workweek cut for all & keeping everyone working & buoying steel orders
• 67 employee-reported cuts +?? as Wal-Mart roils employees to runup its stock
• overview - 71% of union members lost (6400 jobs) in 10 yrs at Lynn, Mass. GE plant
vs. glimmers of hope:
• Taiwan cuts blue-collar workweek from 48 to 42 hours against fierce employer opposition
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
New stuff at end of Popping the big question

6/16/2000 fri
12 takeovers reported, totaling $2.51B +$??
+ 2 downsizings reported, totaling 5300 jobcuts + 1 overview:
• 4800 jobs to go as C&A clothing closes all 113 of its stores in Britain
• 2.6% staff cut (500 jobs worldwide) as Meritor auto systems of Mich. cuts costs (& mkts) instead of doing a 2.6% hours & pay cut for all (including top execs) & keeping all employed, & buying autos
• overview - 36,400 textile-apparel jobs (56%) lost in Massachusetts 1980-1997
+ omens: • the return of the Dust Bowl?
• Times editors fret about Russia's plutocracy - they should look closer to home
vs. glimmers of hope:
• 2 UNtakeovers - News Corp. to spinoff satellite TV holdings & KCSI to spinoff Janus Capital
• heroic Dutch doctor outfits ship to bring reproductive choice to women round the world
• customer "tips" vibrant bartender with her own restaurant
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
New stuff at end of Popping the big question

6/15/2000 thu
11 takeovers reported, totaling $2.77B +??
+ 2 downsizings reported, totalling 400 + unspecified lost jobs:
• 400 "temporary" employees cut in Wash. state as Kaiser Aluminum abreacts to high power
costs by "temporarily" cutting plant capacity the disruptive way, instead of cutting hours
a little for all & preserving the corporate skill set for after the "temporary" capacity cut
• unspecified jobloss as Pacificare Health ends its managed care in Ohio & Kentucky
+ omens: • insulated US "Rep" has flush neighbors
vs. glimmers of hope: • 1 UPsizing - unspecified new jobs as P&G & 48 other firms form Transora.com as online mktplace where they can bring together suppliers, buyers & distributors
• 1 UNtakeover - Lucent to spin off microelectronics unit 
• Germany to phase out all 19 nukes over 32 yrs  • bland McDonalds unwelcome in Paris' Jewish quarter
• NYT letter slams Congress' corrupt subsidization of evermore wealth concentration
(& corollary curb on centrifugation & economic dynamism)
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
New stuff at end of Popping the big question

6/14/2000 wed
17 takeovers reported, totaling $7.15B+??
+ 1 downsizing reported: • unspecified firings
as Sykes Enterprises closes some offices & sells unit
+ omens: • imminent death of the American vacation?
• training by employers in US trails other democracies, highschools failing, colleges better
vs. glimmers of hope: • 1 UNtakeover - Ford to spin off Visteon parts unit 
• NYT columnist takes on wealth concentration - Krugman exonerates himself post freetrade cheerleading
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
New stuff at end of Popping the big question

6/13/2000 tue
12 takeovers reported, totaling $3.54B
+ 1 downsizing reported: • unspecified jobcuts as Hollywood Entertainment closes down its Reel.com online video store despite revenue & traffic growth after inability to raise sufficient financing to continue
+ 2 bankruptcies mentioned: • new - Safety-Kleen waste services & 73 of its US units ($1.6B owed)
• old - Time Warner Telecom cancels purchase of broke GST Telecomms
+ 1 suicide-conducing situation reported: • US Army suicides back up to 1970s levels
+ omens: • another depression condition - Fidelity seeks safety of cash after tech slide
vs. glimmers of hope: • 1 UPsizing - 2,000 Calif. jobs as McKesson forms Internet unit for doctors  • 1 UNtakeover - Time Warner Telecom cancels $450m purchase of GST  • parents try to stem crush of afterschool activities on kids (but where did kids learn it?!)  • mayors complain re too many high-skill jobs (should be grousing about too little private-sector training)
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/11-12/2000
weekend roundup per NY Times & Boston Globe:
• new feature - 11 corporate fines this week, totalling $150m
• 9 more downsizings this past week, costing over 1,623 lost jobs
• 44 takeovers reported this past week, worth $35.57B + undisclosed
• 3 bankruptcy mentions - 2 new: Burrage House asst'd living, SafeLite Auto Glass
vs. 5 UPsizings reported (45+ new jobs) and 2 more UNtakeovers ($??)
<< YTD:  246 dnsz (316,556+  jobcuts) +1032 takov ($1309.03B+) vs. 60 upsz (38,128+=12%) +75 untak ($108.88B+) >>
+ 2 weekend takeovers, totalling $93m:
• London agency buys NY agency from Dutch agency for $88m
• Massachusetts software firm buys California & NY firms for $5m
+ weekend omens: • problems of the rich (networth >$10m) with their kids
• harder investment predictability argues for later retirement (or lifelong employment)
vs. glimmers of hope
: • Times reader blasts American
quality of life à la health noncoverage, unpaid overtime & stingy vacation time
+ Features:  • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race  • campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/10/2000 sat (on fri news)
1 downsizing reported, totaling 187 jobcuts:
• 2% workforce cut (187 eastern US jobs) as Bon-Ton Dept. Stores reduces costs (& markets), instead of 2% workweek cut for all (48 mins/wk) & everyone stays employed & shopping
+ 5 takeovers reported, totaling $436m
+ 1 new bankruptcy reported: • SafeLite Glass
+ 3 corporate fines/settlements, totalling $41.06m:
• Raytheon reimburses Pentagon $1.06m for 1996 failure to test components
• MP3.com pays BMG $20m in copyright lawsuit • ditto pays Warner Music ditto
+ omens: • voluntary slavery getting more & more popular in high-tech America
vs. glimmers of hope: • NYT reader nails anti-reproductive rights activists as privacy invaders
• op ed nails Microsoft as having little innovative track record to protect - DOS from Seattle Cptr, Windows & Word from Xerox PARC (Windows via Apple Mac), Excel from Visicalc via Lotus, Explorer from U.Ill. via Netscape
+ Features: • Timesizing.com's Phil Hyde challenges Kennedy name & $4m warchest in Y2K Senate race 
• campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/09/2000 fri
3 downsizings reported, totaling 1148 jobcuts:
• 800 British jobs eliminated as Great Universal Stores mail-order cuts costs
(& markets), vs. trimming workweek for all & keeping everyone employed & shopping
• 21% staff cut (320 Canadian jobs) as Corel cuts $40m from annual expenses, instead of
21% hours cut for all (to 32-hr workweek) & everyone stays employed with 8 more hrs
to play with computer graphics - at least the CEO is foregoing his salary in this one
• 28 jobs vanish as toff Burrage House assisted living in Boston shuts down
+ 11 takeovers reported, totaling $5.88B + $undisclosed
+ 2 bankruptcy mentions: • 1 new - Burrage House assisted living in Boston
• 1 comment - NYT editorial slams darker drift of Congress' bankruptcy "fixes"
+ omens - courageous Latvian lays out chilling history of Russia vs. Chechnya & Latvia
vs. glimmers of hope:
• 2 UNtakeovers - spinoffs by Fluor & Adaptec
• the ideal obit - Dave Barry's of cartoonist, Jeff MacNelly, of 'Shoe'
• never mind Russia's, Times op ed recalls China's opposition to Star Wars
• McCain wins surprise victory as Senate steps toward campaign finance reform
• "good, but..." - Japan GDP up last month but no fundamental debugging behind it
+ Features: • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race  • campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/08/2000 thu
8 takeovers reported, totaling $665m + $undisclosed
+ 2 downsizings reported, totaling 38 jobcuts + unspecified:
• 25% workforce cut (25 NYC jobs) at CBS Internet division, instead of 25% workweek cut for all (to 30 hrs/wk) & everyone stays employed with 10 extra hours to surf the Web
• 9% staff cut (13 Calif. jobs) as Salon.com cuts costs (& markets), instead of 9% hours&pay cut for all (to 36.4-hr workweek) & everyone (including 2 of the executives' wives) stays employed with 3.6 more hrs/wk to surf the Web
+ 5 corporate fines, totalling $105m - EC nails 5 firms for price-fixing feed additive
+ 1 prison report - race analysis cites disparity in drug sentencing
vs. glimmers of hope:
• 2 UPsizings - Tiffany plans 4 new US stores/yr + ?? in Pacific rim, Lucent to expand Ma. facility
• Norway takes national long lunch on Wed. to ask what it's all for
+ Features: • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race  • campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/07/2000 wed
no downsizings reported
but 10 more downsizing-inducing takeovers reported, totaling $24.65B + $$undisclosed
+ 3 corporate fines/forfeits, totalling over $3.7m: • WorldCom $3.5m for slamming
• J.P. Morgan $200,000 for price nondisplay • Raytheon $?? for late missile delivery
vs. glimmers of hope:
• 1 UPsizing - Gillette opens factory in Russia's St. Petersburg
• citizens' initiatives praised in spite of columnist's dislike
• FBI investigates shilling on eBay
• US productivity up, but...
+ Features:  • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race  • campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/6/2000 tue
10 takeovers reported, totaling $3.94B + $$undisclosed
+ 3 downsizings reported, totaling 260 jobcuts + unspecified:
• 100% staff cut (140 NY jobs) as APBNews.com crime news runs out of money
due to dot-com downturn drying up timely 3d-round financing
• 40% workforce cut (120 jobs) as Insweb discontinues operations of its Benelytics unit, instead of 40% workweek cut (to 24-hr wk) & all stay employed & buying insurance
• unspecified Ma. jobcuts as Hemagen Diagnostics closes Waltham plant to cut expenses
(& markets) instead of trimming hours for all & keeping everyone employed & shopping
+ omens: • both major parties reach record levels of drowning democracy in mammon
• EEOC cites Morgan Stanley for discrimination against women
• "booming" economy forces Americans to postpone retirement
• Bentley e-prof lists hard lessons of dot-com shakeout
vs. glimmers of hope:
• 2 UPsizings - Ad Store opens .Comies (25 new jobs) + London's Deepend opens 2 US offices (20 jobs)
• Chirac proposes cutting French presidential term from 7 to 5 years
• Putin visits Vatican to sell Europe on substitute for Star Wars
• Ukraine consents to close Chernobyl this year
• Perot to sit out presidential race this time
• top court sticks it to Ken Starr
+ Features:  • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race  • campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/04-05/2000
weekend roundup per NY Times & Boston Globe:
• 47 takeovers reported this past week, worth $60.3B+
• 9 past-week downsizings, costing 1,467 lost jobs + unspecified
• 5 bankruptcy mentions - 4 new: Brandwise.com, RedRocket.com, Cybershop.com, Stage Stores
vs. 1 UPsizing reported (?? new jobs) and 2 UNtakeovers ($??)
<< YTD:  237 dnsz (314,933+  jobcuts) + 988 takov ($1273.46B+) vs. 55 upsz (38,063+=12%) + 73 untak ($108.88B+) >>
+ weekend omens: • USA behind almost every country in Europe in life expectancy
• Vanguard founder says investment business has deteriorated into marketing biz
vs. glimmers of hope
: • online voting en route  • Thoreau's simpler lifestyle goes online
• 10k expected to attend women's rights conference at UN this wk, Beijing followup
• Kuttner gives Ralph Nader an op ed in the Boston Globe + history of 3rd parties
+ Features:  • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.6m warchest in Y2K Senate race  • campaign central highlights Phil, Ted, and all challengers, & their websites
bibliography page • lost key to small government • website reactions
• embryonic legislation page  • 30-hour bill page  • opus errata
• New Feature: corporate fines

6/03/2000 sat (on fri news)
8 takeovers reported, totaling $1.09B
+ 2 downsizings reported, totaling 74 jobcuts + unspecified
- two Boston-area families abdicate their historic mission & cash out:
• Parks family tosses up its taxi business - 54 jobs lost in Brookline + unspecified in Boston
• Sage family throws-over its grocery business in Harvard Square - 20 jobs lost
+ omens: • Labor Dept. admits loss of 116,000 jobs in May, biggest in 8 yrs
as unemployment up to 4.1% = problems getting unmaskable?
• stock traders still rejoicing at their own unrecognized doom
+ 1 bankruptcy mention - Stage Stores (Bealls&Stage clothes)
vs. glimmers of hope: • 1 UNtakeover - FTC opposes Kroger's takeover of 74 Winn-Dixie stores
• "the gift of God, the gift to give us: to see ourselves as others see us" (Robbie Burns) -
Russia's most popular movie sends up *America*
+ Features: • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.7m warchest in Y2K Senate race • campaign central hilites Phil, Teddy & all challengers, & their websites & soon, issues
• embryonic legislation page • 30-hour bill page • "Dear Bill Gates" page

6/02/2000 fri
1 downsizing reported, totaling 70 jobcuts -
70% staff cut (70 Ark. jobs) as Terra Industries idles fertilizer plant due to rising supply prices
+ 15 takeovers reported, totaling $14.1B + $undisclosed
+ omens - new book takes long view of "irrational exuberance"
vs. glimmers of hope - Clinton gets some reality from German Chancellor Schroeder on 'star wars'
+ Features: • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.7m warchest in Y2K Senate race • campaign central hilites Phil, Teddy & all challengers, & their websites & soon, issues
• embryonic legislation page • 30-hour bill page • "Dear Bill Gates" page

6/01/2000 thu
3 more downsizings reported, totaling 103 jobcuts + unspecified:
• 4% workforce vanish (78 NYC, London & Boston jobs) as venerable Brown Brothers (since 1818), unable to match rivals' recent payhikes, bags its brokerage, instead of shaving 4% off company-wide workweek (to 38.4 hrs), adjusting workloads & keeping everyone working & shopping
• 25 jobs to go as Metro Information Services closes 8 of its 44 offices
• unspecified jobs lost as TandyCrafts closed Cal. frame plant & moves jobs to Mexico
+ 10 more takeovers reported, totaling $6.12B + $undisclosed
+ 1 prison report - federal crime data show high conviction rate
vs. glimmers of hope:
• 1 UNtakeover - AutoNation to spinoff car rental unit = Alamo, National....
• French unemployment falls below 10% for first time in 9 years - but God forbid
the newswire should grant a role to French worksharing (they cut the workweek from 39 to 35 in Feb.)
• Nader makes Boston Globe frontpage - issues take centerstage in Green campaign
+ Features: • Timesizing's hi tech candidate Phil Hyde challenges Kennedy name & $3.7m warchest in Y2K Senate race • campaign central hilites Phil, Teddy & all challengers, & their websites & soon, issues
• embryonic legislation page • 30-hour bill page • "Dear Bill Gates" page


Click here for dooms du jour in May/2000.
Click here for dooms du jour in Apr/2000.
Click here for dooms du jour in Mar/2000.
Click here for dooms du jour in Feb/2000.
Click here for dooms du jour in Jan/2000.
Click here for dooms du jour in Dec/99.
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Click here for dooms du jour in Aug-July/99.
Click here for dooms du jour in Jun-May/99.
Click here for dooms du jour in before Apr.30/99.


For more details, see our laypersons' guide Timesizing, Not Downsizing, which is available online from *Amazon.com and at bookstores in Harvard and Porter Squares, Cambridge, Mass.

Questions, comments, feedback? Phone 617-623-8080 (Boston) or email us.


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