Timesizing® Associates - Homepage

hopes/dooms du jour,
July 1-30, 2004

[Commentary] ©2004 Phil Hyde, The Timesizing Wire, Box 117, Harvard Sq, Cambridge MA 02238 USA (617) 623-8080 - HOMEPAGE


    7/30/2004 friday -
    pls. excuse delays while we grab some vacation = Boston to the Grand Canyon by train

    - we have 718 textfiles: # visitors yesterday 7/29/thu: 729 (7/31/2003/thu: 785)

    strategic hope = TIMEsizing news in yesterday's GoogleNews (click here for DETAILS):
    1. like dumb parasites, Siemens & DaimlerChrysler CEOs, by relengthening the workweek to 1970 levels, are killing their hosts, the employee-consumers who support them with work & with markets
    2. plus 3 other premature obits for progress due to workweek re-raising motions in Germany & France: Christian Science Monitor, The Economist & the Journal News
    + random glimmers of hope indexed to today's (j) Wall St Journal or (t) NYTimes (archives):
    1. NY Gov. Pataki vetoes bill to increase minimum wage in state (t.C13) - but there will be no economic benefit unless he proposes a bill to decrease maximum workweek in state - to raise wages the continuous and flexible way by centrifuging the technologically vanishing employment & wages and re-activating all NY's downsizing-deactivated consumers
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now

    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework, creating unspecified new ‘jobs’ (archives):

    1. Northrop Grumman's Q2 profit increases 44% with Pentagon business ranging from combat ships to unmanned spy planes to missile defense; expects sales of $29B - rival Raytheon posts stronger-than-expected growth from operations but posts loss due to lawsuit settlement (j.A8)
    2. White House to allow $2 billion in 9/11 aid to be used for rail link from WTC site to Kennedy Airport & Long Is. RR (j.A1>B1)
    3. Yankees plan new stadium, and will pay for it - except for $100 million city & state will probably have to spend to offset loss of parkland to the neighborhood & to build new train stop (t.A1)
    4. Halliburton hearings - Halliburton assigned 'naive' Army chaplain, Rev. Marie DeYoung, to scrutinize all of Kuwait's KBR subcontracts & purchase orders & report whether legitimate competition took place in 5000 procurement transactions - she found that 100s of subcontract files had little or no documentation to demonstrate cost controls & now recommends that Justice Dept. expand investigation of Halliburton (t.A14)
    5. the Manchurian candidate - in this smart remake of 1962 classic, brainwashing gets modern spin & paranoia still runs wild - updated to Gulf War - film could just as easily have been called 'the Halliburton candidate' (boston globe.C1>8)

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  1. CEOs simulate UPsizing thru takeovers = appetizers for downsizing - (mega & banking archives):
  2. Target to sell its Mervyn's department-store chain to a group of private-investment firms for $1.65B (j.A1>B3, t.C1>6)
    •    after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 850 +?? jobcuts, made it into j (WSJ) or t (NYT):
    1. 850 jobcuts over next year as Washington Mutual Inc., largest US thrift, plans to close its commercial banking centers & end its loan program to real estate developers in further retrenchment on top of 7/23/2004 bloodbath (j.A1>2)
    2. unspecified cuts by BT Group PLC telecoms (j.B5)
    3. unspecified cuts as Payless ShoeSource Inc. of Topeka plans to exit its 181 Parade shoestores by end of fiscal year in Jan. (t.C3)
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
      online today: work in progress - drug trials are becoming targets for outsourcing (j.A1)
  • CEOs DOWNsize everyone else’s retirement (archives):
      United Airlines union sues 3 company executives for halting contributions to pension plans during bankruptcy process (t.C1>2, j.A8)
  • & lastly, headlines from HELL in (Wall St. Journal) j & (New York Times) t & (Bos.Globe) g (archives):
    1. Florida Republicans sent fliers urging their voters to demand absentee ballots to ensure a paper record, which touchscreen machines don't provide (j.A1) - this either means that not even the Republicans are in control of the crazy new voting machines in Florida, or that they're trying to give this impression
    2. triumph of the trivial - what you don't learn from TV news: Krugman (t.A15) - lotsa stuff
    3. Bush's FBI told senators that a translator's (Sibel Edmunds') reporting of security lapses on terrorist warnings indeed played a partial role in her dismissal in 2002 (j.A1) - with the madmen running the asylum, no good deed goes unpunished
    4. Bush's EPA does not have to consult other agencies on threats to endangered species before approving pesticides, according to new Bush rules (j.A1) - never mind the scientists, what do the robber-barons say?!

    7/29/2004 thursday - ‘hope isn't a plan’, but we have a plan
    - we have 718 textfiles: # visitors yesterday 7/28/wed: 425 [sys fail] (7/30/2003/wed: 823)

    strategic hope = TIMEsizing news in yesterday's GoogleNews (click here for DETAILS):

    1. long NYT article today celebrating greater leisure in Europe
    2. French PM continues 'conservative' assault on 35-hour workweek
    3. nurses in Southwest Florida fear loss of overtime pay due to Bush's assault on overtime rules
    4. New Mexico's Socorro County puts sheriff's deputies on 36-hour week to save money
    + random glimmers of hope indexed to today's (j) Wall St Journal or (t) NYTimes (archives):
    1. PBS and cable won viewers from rivals on a night when every major broadcast network declined to cover even one minute of Dem National Convention - PBS pulled unexpected horde of viewers on Tues., 3 million, up from 2.5m on Mon. & about 1m more than its usual audience for the 3 hours of prime-time convention coverage (t.P13)
    2. Director Steven Spielberg aids film version of Kerry's life (t.P13)
    3. Colorado, the holdout state - in their delegation, Kucinich had 14 of state's 63 delegates & all but one refused to switch their votes (t.P3) - Dems don't have to completely turn into Repub-type robopaths to fight fire with fire

    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework vs. sharework, creating unspecified new ‘jobs’ (archives):

    1. military sales help Boeing swing to $607m profit, topping estimate for 2nd quarter - also helped by better outlook for commercial-aircraft deliveries & a tax refund (j.A1>3, t.C4)
    2. the $500B food pyramid - food industry lobbies frantically as gov't revises dietary guidelines - lobbyists fight to defend sugar, potatoes & bread in recommended US diet (j.A1>B1) - why is gov't messing around in this area at all?

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers = appetizers for downsizing - (mega & banking archives):
    1. SBC Communications sells stake in yellow-pages business in Illinois & northwest Indiana to R.H. Donnelley for $1.45B (t.C4)
    2. Cooper Cos. surgical instruments to buy Ocular Sciences for $1.2B (j.A1>5, t.C4)
    3. Blackstone Grp's Graham Pkg unit to buy Owens-Illinois' plastic container unit for $1.2B (t.C4)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 3386 +?? jobcuts, made it into j (WSJ) or t (NYT):
    1. 2000 cuts instead of 3000 previously planned as IBM trims offshore outsourcing (j.A1>B1)
    2. 7% workforce cut (1200 jobs lost) as Wella hair products gets taken over by Procter & Gamble, instead of just trimming 7% of its workweek (½-hour a day for everyone, including top execs), re-investing overtime savings in overtime-targeted training&hiring and keeping everyone together working, earning and buying at least 93% as much bakeware as before (t.C4)
    3. 186 jobcuts as Charles Schwab Corp. to close 53 branches (t.C4, j.C3)
    4. unspecified cuts as JDS Uniphase closes dozens of plants & slashes workforce after demand for optical components plummets (t.C4)
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
      online today: work in progress - drug trials are becoming targets for outsourcing (j.A1)
  • CEOs DOWNsize everyone else’s retirement (archives):
    1. a UAL director, Pres. Randy Canale of machinists' union, skips board meeting to protest pension abandonment (j.A2)
    2. Italy approves overhaul of state pension plan that aims to cut state spending (j.A11)
  • & lastly, headlines from HELL in (Wall St. Journal) j & (New York Times) t & (Bos.Globe) g (archives):
    1. oil prices reach 21-year high on Yukos woes (j.C1) - maybe even Saudi Bushbuds won't be able to pull a last-minute save on this front
    2. IRS says Americans' income shrank for 2 consecutive years - the last time reported incomes fell for even one year was in 1953 (t.C1)
    3. meant well, messed up - only 96 days remain to take back our country from the most secretive, hypocritical and dangerous band of ideologues in our gov't history: Ted Sorenson (t.A27)
    4. whistle-blowing said to be factor in FBI firing - investigation classified - translator Sibel Edmonds alleged FBI had poorly translated terror documents (t.A1) - set things up for Bushies to hear whatever they wanted, eg: change 9/11 into 'Pearl Harbor incident' for invading Iraq
    5. 'be very afraid': editorial - WSJ continues campaign to distract from White House's treasonous outing of CIA agent Valerie Plame - hints it was OK now that they've framed husband Ambassador Joe Wilson as 'bad guy' (j.A12)
    6. the Kerry conundrum: editorial - can he pass the commander-in-chief test? (j.C1) - well Bush sure can't! - ongoing $1 billion a week of our tax money on 9/11-irrelevant invasion & quagmire?!

    7/28/2004 wed. - ‘hope isn't a plan’, but we have a plan
    - we have 718 textfiles: # visitors yesterday 7/27/tue: 255 [sys fail] (7/29/2003/tue: 874)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. Australian town tries jobsharing between town councillors
    2. author tees off vs. globalization & hours-lengthening effects thereof
    3. and 8 more stories
          •      click here for details
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. Halliburton units set to emerge from bankruptcy protection - a step closer to resolving mountains of asbestos lawsuits (j.B2) - soon, 'Cheney rides again!'
    2. L-3 Communications Holdings' quarterly profit surged 65% or $88m on military, security spending compared to $53m last year (j.C14) - which Bushie is this porker linked to?

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs are DOWNsizing the workforce - today's total, 1200 jobcuts, made it into j (WSJ) or t (NYT):
    1. 1000 jobcuts in Mid Atlantic region over next 2½ years as State Farm Insurance consolidates Md. & Va. operations & closes 25 claims offices (t.C3)
    2. 9% workforce cut (200 jobs lost) as World Kitchen Inc. plans to close 75-yr-old bakeware-mfg plant in Massillon OH & transfers production to Asian supplier, instead of just trimming 9% of its workweek (43 minutes a day for everyone, including top executives), re-investing overtime savings in overtime-targeted training&hiring and keeping everyone together working, earning and buying at least 91% as much bakeware as before (t.C3)
  • CEOs DOWNsize everyone else’s retirement (archives):
    1. Enron tries to block $85m insurance payout to 20,000 current & former employees who lost $100m's when the Enron stock in their 401k plan evaporated as the company slid into bankruptcy in late 2001 (j.C5)
    2. Italy calls for confidence vote on pension plan 'reform' which would raise retirement age (j.A11)
  • and finally, general headlines from hell, noted in (Wall St. Journal) j & (New York Times) t & (Boston Globe) g (archives):
    1. lost record of vote in '02 Florida race raises '04 concern (t.A1)
    2. delinquencies on loans for industrial properties jumped sharply in Q2 (j.B4)
    3. ID theft battle - new federal law increases penalties for perps but some say law will deter few (j.D1>2)
    4. World Bank challenged - are the poor really helped? (t.A4) - 3 guesses

    7/27/2004 tuesday - ‘hope isn't a plan’, but we have a plan
    - we have 718 textfiles: # visitors yesterday 7/26/mon: 875 (7/28/2003/mon: 819)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. 'regular guy' CEO of Siemens cajoled & wore down union leaders into giving up on their one key handle on power, workweek reduction
    2. Dept. of Labor corrals Boca Grande of Cambridge MA back from working employees at different locations & skipping overtime by keeping separate their weekly hours at each location
    3. new issue of Time mag looks wistfully back at Blue Laws
          •      click here for details
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
      U.S. seeks to provide more jobs and speed rebuilding of Iraq - a focus on large projects has been criticized as wasteful (t.A7)

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs are DOWNsizing the workforce - today's total, 400 jobcuts, made it into j (WSJ) or t (NYT):
      all 400 employees, who had still been getting paid tho doing community service, were finally laid off after union rejected restart plan for lack of free healthcare at Alcoa's Wenatchee WA aluminum smelter, closed 3 yrs ago when power too costly (t.C3) - how stupid does union have to be to stomp on such thin ice?
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
    1. few new businesses need to hire many workers (j.B3)
    2. fewer grants force younger scientists to leave academia (j.B1)
  • CEOs DOWNsize everyone else’s retirement (archives):
    1. U.S. says firms with Medicare aid can't cut corners - Bush stung by charges that new Medicare law would let employers collect govt subsidies even if they just offer their retirees limited Rx-drug coverage (j.A2)
    2. United Air Lines' plan to end pension funding concerns PBGC, nation's pension-insurer (j.A2) - federal govt says UAL acted illegally (t.C1)
  • DOWNsizing results = more prisons (archives):
      after doing time, work and trust are hard to find (t.A15)
  • and finally, general headlines from hell, noted in (Wall St. Journal) j & (New York Times) t & (Boston Globe) g (archives):
    1. high [50%] major-accident risk is seen in atomic waste project over 28-yr lifetime per independent govt audit = Energy Dept. plant under construction in Hanford WA to deal with highly radioactive tank leakage (t.A13)
    2. Krugman warns re Republican preparations to steal Nov. election, especially in Fla. (t.A19) - hey, what do today's Republicans care about the Constitution?
    3. whose convention is it: reporters outnumber delegates 6 to 1 at DNC in Boston (t.B1) - and still the Democrats are not attacking Bush's govt secrecy & information stonewalling
    4. strange bedfellows - a probusiness group, Partnership for NYC, takes a surprising stand in favor of raising minimum wage from current $5.15 (higher in only 12 states + DC) - says increases help small firms retain workers, compete (j.B1>3) - and hinder would-be (re)entrants into the job market by widening gap at bottom of wage continuum - real problem is at top, not bottom, and first 'top' to address is not hyperconcentration of money but concentration skills & employment = need reduce maximum workweek, not raise minimum wage
    5. the Sudan horror: a time to act (t.A18) - question for those with fantasies of omnipotent America: how many cans of worms do you want to open at once?


    7/24-26/2004 sat-mon (re fri biz)
    - keep hope-vs-doom comin' with $5/mon. check to Timesizing.com, Box 622, Cambridge Ma 02140 -
    - #visitors to any of our 718 files, F Sa Su: 716,527,535 - wk's daily avg: 736
    -

    TIMEsizing awareness = strategic glimmers of hope in weekend's GoogleNews:

    1. Finnish economists are skeptical of current media blitz against shorter hours in France & Germany
    2. plus 17 additional stories of timesizing and worktime debate
          •      click here for details
    + random glimmers of hope indexing (j) Wall St.Journal, (t) NYTimes or (g) Bos.Globe (archives):
    1. UPsizings - unspecified new jobs as King Muhammad VI of Morocco builds 20 new mosques in poor areas of large cities to counter radical Islamic messages at 100s of illegal mosques that popped up over last 20 years (7/24 t.A5)
    2. getting intelligence right: Ron Asher II of Burlington VT - re "tiny agencies' Iraq analyses better than big rivals," turns out Bureau of Intell.& Research and Dept. of Energy got it right more often than CIA & Defense Intelligence Agency - common factor? both operate independently of White House & Pentagon, ergo uncorrupted by pressure to conform to expectations of Bush regime (7/26 t.A18)
    3. foreigners seem to be souring on US assets - slowdown in buying of securities reverses trend & may make it harder to finance trade deficit (7/26 j.C1) = the hopefully corrective feedback on Bush's isolationism & contempt-for-the-world begins
    • Boston-area readers who want real news - try "Radio Free America for Americans" dba *Democracy Now on 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday
    + clouded hope = makework = PUFFsizings, creating unspecified new ‘jobs’ (archives):
      Cheney's Halliburton Co. posted a loss as revenue from gov't work in Iraq began to ebb & $809m in charges hurt profits (7/26 j.A1>B3) - how clueless & corrupt do you have to be to post a loss when you've got your siphon into US taxpayers' tank?

    vs. doom du jour tm for lack of timesizing, in j, t, & g (Boston Globe):
  • DOWNsizing appetizers = takeovers (archives):
    1. Banco Santander Central Hispano to buy Abbey National of Britain for over (£8.5B) $15.6B (7/26 j.A1, t.C1)
    2. Mylan Laboratories to buy rival King Pharmaceuticals for $4B (7/26 j.A1>3, t.C1)
    3. on the good side: a California insurance regulator refused to approve Anthem's $16B purchase of WellPoint Health Networks, making court battle likely (7/26 j.A1>3)
  • DOWNsizing results = eroding-retirement noted in (j) WSJ or (t) NYT or (g) Boston Globe (archives):
    1. United Airlines to quit paying into pension plans while in Chap.11, raising possibility it might end the plans (7/24 t.A1, 7/26 j.A1>2)
    2. federal retirement crisis - it's not just airtraffic controllers but entire federal govt that faces potentially disastrous retirement crunch: CEO Max Stier of Partnership for Public Service (7/26 t.A18)
  • DOWNsizing results = prison news (archives):
    1. U.S. 'correctional population' hits new high - number of Americans under the control of the criminal justice system reached nearly 7 million (3.2% of US adult population) without counting staff (7/26 t.A10) = more 'laurels' for George 'Wrongdirection' Bush's Land of the Free? - see fuller story
    2. Abu Ghraib, whitewashed - new 300-page report from Army's inspector general finds no 'systemic' problem despite 94 documented cases of prisoner abuse, including 40 deaths, 20 of them murders (7/24 t.A26)
  • headlines from hell (tm) from (j) Wall Street Journal or (t) NY Times or (g) Boston Globe (archives):
    1. Dow drops below 10,000 in a continuing slump - 5-week sinking spell has hurt Nasdaq, too (7/24 t.A1>B1, 7/26 j.C1) - & Bush wants to tout the economy? - hel-lo-o
    2. rich are optimistic [or so they say] but spending slows (7/26 j.A2) = the marginal utility of capital: the more money you funnel to those who already have faaar more than they can spend, the less spending there is in the overall economy - why are economists acting so surprised?
    3. libraries ordered by federal Printing Office to destroy 5 US pamphlets with how-to instructions on prosecuting asset forfeiture cases (7/24 g.A1) - what's up with this???

    weekend roll-up -

    5 issues/wk - wk's avg homepage hits/issue: 49
    hope of the weektm from the WSJ & the NYT:
    65 TIMEsizing items   • 1 UPsizing (?? new jobs) 
    + bogus hope: • 13 makework items (?? new 'jobs')

    vs. doom of the weektm from the WSJ & the NYT:
    • 11 DOWNsizings, over 18846 jobcuts   • 1 bankruptcy   • 4 eroding-retirement stories   • 5 prison stories  

    {{ytd: 657 timsizngs (1636+ new or sav'd jobs) + 88 upsizngs (91581+ new jobs) + 243 makwrk (36803+ 'jobs') =
    tot: 130020 = 39% of cuts, VS. 278 dnsz (333878+ cuts) + 113 bnkrp ($416m+) +28 homlss +103 jail +18 deth }}


    7/23/2004 friday - ‘hope isn't a plan’, but we have a plan
    - we have 718 textfiles: # visitors yesterday 7/22/thu: 796 (7/24/2003/thu: 767)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. Webco metal tubing in Texas works 36-hr workweek: three 12-hr days, then 4-day weekend
    2. Australian recommends workweek reduction to offset layoffs
    3. plus 11 other articles
          •      click here for details
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. Raytheon got $123m Army contract to produce more than 2700 of antitank missiles used on Humvees & Bradley Fighting Vehicles in Iraq (t.C5)
    2. obscure provision bars Pentagon, until some time next spring, from tightening its investment rules on misleading tactics to sell insurance & other financial products, ill-suited to their needs, to young recruits on military bases = small rider in defense appropriations bill passed by Congress last night (t.5, & see 7/22 #2) - you mean they're not real proud of that bill?
    3. Haliburton defends KBR unit's record in Iraq on Capitol Hill (j.A2, t.A8) - its ties to Cheney make it indefensible

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs are DOWNsizing the workforce - today's total, 8246 +?? jobcuts, made it into j (WSJ) or t (NYT):
    1. 13% workforce cut (6446+1800= 8246 jobs lost) as Washington Mutual mtg shrinks, now to close 100 offices, instead of just trimming 13% of its workweek (to five 7-hour days for everyone, including top executives), re-investing overtime savings in overtime-targeted training&hiring and keeping everyone together working, earning and (re)financing at least 87% as much as before (j.A2)
    2. unspecified cuts as Guidant Corp. loses mkt share in defibs & stents (t.C5)
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
      who's getting the new jobs? troubling news in the nation's employment data = all the growth in employed population over past few years is due to recent immigrants: N/E Univ.'s Ctr for Labor Studies (t.A23) - followup: the sacred cow of immigration, an arena dominated by PC liberals & conservatives promoting cheap labor, both oblivious to the impact that the yearly 1m legal & illegal immigrants have on the opportunities & wages of those already here: Ronald Bleier of NYC (7/26 t.A16)
  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
    1. corporate pay case in Duesseldorf ends in acquittal of 6 defendants - Mannesmann's board (including Deutsche Bank's CEO Josef Ackermann) supposedly did not betray shareholder interests in granting huge ($70m) bonuses to ex-CEO Klaus Esser & colleagues (t.W1, j.A1) - 'owners' shafted again
    2. vindication of my name: $50m to charity (j.A13) = Dick Grasso thinks charity can paper over his extortionate 'compensation' from NYSE
  • and finally, general headlines from hell, noted in (Wall St. Journal) j & (New York Times) t & (Boston Globe) g (archives):
    1. when politicians write accounting rules, reality can be forgotten - eg: U.S. House voted to overrule FASB's attempt to stop companies from ignoring the value of options they give out, and in Europe, the EC is expected to block parts of the IASB rule on derivatives (t.C1)
    2. Microsoft is dead, long live Microsoft - the $32B in dividends is a sign of surrender - shows MS has not found attractive way to invest its cash reserves (t.A23) = another signal of Depression-era lack of sustainable let-alone lucrative investments due to the hyperconcentration of income & wealth (and work & skills) - & giving it out to wealthy stockholders isn't going to help cuz they're already spending all they care to
    3. House backs bill to limit power of judges (to block their recognition of gay marriages) - questions are raised about separation of powers (t.A19) - hey, what do today's Republicans care about the Constitution? they've UNseparated church & state, & now they're UNseparating the govt's executive, legislative & judicial branches - so much for 'balance of powers' - compare: Bush may bypass Congress, fill FTC posts during recess (j.A4)
    4. Congress stalls on Bush taxcut for middle class (j.A4) - bad cop, good cop: Bush just wants to appear to back it till the election - both he & Republican Congress don't give a damn about taxcuts for anyone who ain't rich


    7/22/2004 thursday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 717 textfiles: # visitors yesterday 7/21/wed: 832 (7/23/2003/wed: 855)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. Morgan Stanley's Steve Roach captions economy without worksharing
    2. plus 12 other articles
          •      click here for details
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. US Army recruiting faces deep shortfall as it taps troop pool due to early call-ups (j.A3) - Army to call up recruits earlier - using next year's troops to meet this year's goals (t.A1)
    2. sales of ill-suited investments to GI's under scrutiny in Washington - First Command Financial Planning of Fort Worth, Texass, promotes archaic type of mutual fund that vanished from civilian mkt 20 yrs ago, that make investors pay half their first yr's contributions in sales charges (t.C1) - the sewage rises
    3. 'defense' firms face global obstacles...especially missile defense, alias Star Wars (j.A4) - obstacles to Star Wars? good!
    4. one fighter, 11 nations & building problems - a collaborative effort on a $200B program encounters turmoil = Joint Strike Fighter or F-35 program is largest military contract ever (t.C1)

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers = appetizers for downsizing - (mega & banking archives):
    1. Adolph Coors & Molson expected to announce a $6B merger today (t.C2) = bad news - they don't call Coors 'Adolph' for nothing & Molson is Canada's biggest brewery
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 7200 +?? jobcuts, made it into j (WSJ) or t (NYT):
    1. 4000 (2700+1300) jobcuts by Kodak despite 38% profit jump (j.A3, t.C4) = destroying (employment &) markets & recovery with absolutely no necessity - Kodak's behavior puts it in the 'corporate terrorist' box
    2. 1400 call-center jobcuts, mostly in Fla., by Capital One Financial Corp. (j.B7)
    3. 1200 jobcuts by Mitsubishi Motors Corp. at its only US plant as part of plan to slice 11,000 jobs in 3 yrs (j.C12)
    4. 600 jobcuts by Norsk Hydro's Hydro Aluminium Motorcast unit in Leeds, England (t.W1)
    5. unspecified cuts as biggest remaining coal mine in England (unnamed) closes in North (t.W1)
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
    1. Greenspan says more spending & hiring will help economy [nooo kidding] - told House Financial Services Committee that companies were behaving far differently in this 'recovery' [our quotes] than in the past = unusual reluctance to spend & hire (t.C7) - hey, isn't this the same thing American pundits are criticizing France & Germany for? (j.A11)
    2. amid aging smokestacks, 'job creation' [our quotes] - Britain lost 750,000 manufacturing jobs since 1997 while in Leeds, small-focus initiatives have helped create 10,000 jobs since 1995 (j.W1) - only (750k-10k=) 740,000 jobs to go
  • CEOs DOWNsize everyone else’s retirement (archives):
      why UK stock market is so dreary - regulators press insurers, pension funds to shift out of stocks (j.C14) - actually this is good news for a change
  • DOWNsizing results = more prisons (archives):
      Colorado: hundreds riot at medium-security prison, leaving sections of Crowley County Correctional Facility in Olney Springs damaged or destroyed by fire & about 12 prisoners injured (t.A16)

    7/21/2004 wed. - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 717 textfiles: # visitors yesterday 7/20/tue: 847 (7/22/2003/tue: 902)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. Australian Greens are fighting for a 35-hour workweek
    2. job-sharing in Singapore has almost doubled in the last 2 years from 3.7% to 6.4% of companies
    3. plus 8 other articles
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. the healthcare system is badly in need of an overhaul, including universal coverage, a panel led by Bush Sr., Carter & Ford says (j.A1>D2)
    2. Bush Jr.'s funding advantage looks gone (j.A1>4)
    3. Iran dismissed suggestions it had a hand in Sept.11 just because hijackers transited its territory, saying unlike the U.S., it never granted them visas (j.A1)
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs are DOWNsizing the workforce - today's total, 1400 +?? jobcuts, made it into j (WSJ) or t (NYT):
    1. 1400 jobcuts as Eckerd Corp., drugstore chain, prepares to be sold to CVS & Jean Coutu (t.C3) - again the toxic takeover-downsizing connection
    2. unspecified cuts as Dresden, the capital of the E.German state of Saxony closes 43 schools (t.A11)
    3. unspecified cuts as LG-Caltex Oil Corp. closes S.Korean refinery in response to strike (t.W1) = cutting off their nose to spite their face?
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
      mining boom leaves vein of resentment in W.Australian towns - jobs go to transient workers as companies cut costs (j.A1)
  • CEOs DOWNsize everyone else’s retirement (archives):
      Wall Street targets retiring boomers - Fidelity, Merrill, others launch services aimed at managing funds rolled over from 401Ks (j.D1) - anything Wall St targets should beware
  • DOWNsizing results = bankruptcies (archives):
      GEO Specialty Chemicals Inc. & Ltd. file Chapter 11 jointly (j.B10)
  • DOWNsizing results = more prison inmates (archives):
    1. online today - work in progress: US prisons break into the call-center game (j.A1)
    2. receivership threat for Calif's prisons - federal judge Thelton Henderson threatened to take over prison system after warning that new contract with guards' union CCPOA with its pattern of lax discipline & interfering with investigations would weaken inmate protections & harm efforts to root out corruption & prisoner abuse (t.A15)
  • and finally, general headlines from hell, noted in (Wall St. Journal) j & (New York Times) t & (Boston Globe) g (archives):
    1. Bush pledged his re?election would make the U.S. safer (j.A1) - if he makes it any "safer" than he did during his first term, better make sure our last will&testament is in order
    2. worldwatch - briefly - number of Chinese surviving on less than 21 US cents a day rose by 800,000 in 2003, first such increase [doubtful!] since China began loosening state controls on economy in early 80s (j.A9)

    7/20/2004 tuesday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 716 textfiles: # visitors yesterday 7/19/mon: 899 (7/21/2003/mon: 824)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. shorter hours are unnecessary for the simplicity movement, since longer hours are delivering too little pay to enable robust consumption - also, at this point the simplicity movement is an impediment to the shorter hours movement (although automatic worksharing, once implemented, can & will deliver for the simplicity movement)
    2. damage from Reagan's petty vendetta vs. airtraffic controllers (he fired 11,350 = 3/4 of them) rolls on in terms of forced overtime of 2-8 hrs/wk, instead of just easing arbitrary retirement age of 56
    3. plus 9 other articles
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. why I'm voting for John Kerry - America must return to bipartisanship at home & diplomacy abroad: Felix Rohatyn, investment banker (j.A10) - case in point...
    2. Nevada: Linda Ronstadt dedicated a song to Michael Moore & Fahrenheit 9/11 at Vegas' Aladdin Casino - some Bushies went ape, spilled drinks, tore down posters, demanded money back - guess who casino officials escorted out (t.A12) - Linda Ronstadt joins the pantheon of 'free speech' martyrs under the Bush-Cheney regime: Dixie Chicks, Howard Stern, Valerie Plame & Joe Wilson, France...
    3. the Communists had Pravda - the Republicans have Fox 'News' = full-page ad by *MoveOn.org (t.A15) - & 'Clear' Channel, & WSJ, & NYT, &... - compare: 'liberals step up political assault on Fox News (j.B1)
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. 'big 4' GOP governors (CA, NY, TX, FL) working together to lobby Congress - agenda runs gamut from job creation to keeping post-9/11 aid flowing to NY (t.A20) - more 'small' government from Republicans?
    2. small governors (Ore., Id., Va., Tenn., Wa., Ia., Alas...) tell of Iraq war's impact on local needs - staff shortages at home in guarding prisoners, fighting wildfires, preparing for hurricanes & floods, policing streets (t.A1) - hey maybe the war is working after all, creating labor shortages that will force pay raises & centrifuge the national income out to the people who spend it immediately & induce solid 'wartime prosperity' - but cutting the workweek is much less wasteful
    3. Bush-Cheney Justice Dept. enters 'probe' into whether Halliburton unit violated ban on trade with Iran (j.A1>2) - grand jury issued subpoena on unit's work in Iran (t.C4) - this will probably get as far as the investigation into who in the White House illegally outed the CIA agent, now being whitewashed in WSJ editorial: Mr. Wilson's defense - why the Plame special prosecutor should close up shop (j.A10)
    4. EU harvests satellite images of farms to make sure they don't claim subsidies for fictional crops (j.A1>9)
    5. EU approves import of genetically altered corn (j.A9) = frankencorn gets foot in door?

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers = appetizers for downsizing - (mega & banking archives):
    1. Bayer to buy Roche OTC consumer drug unit for E2.38B or $2.96B (j.B7, t.C1)
    2. as financial services consolidate, trust managers come under fire (j.A1)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 2000 jobcuts, made it into j (WSJ) or t (NYT):
      2000 jobcuts expected from merger of 2 recording giants, units of Sony & Bertelsmann, now cleared by EU (t.C1) - again the toxic takeover-downsizing connection
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
    1. computer-outsourcing deals under negotiation are rebounding, with 18-20 cases valued at $1B or more being considered (j.A1>2)
    2. older executives find job losses often mean having to retire early (j.B1)
  • and finally, general headlines from hell, noted in (Wall St. Journal) j & (New York Times) t & (Boston Globe) g (archives):
    1. the Arabian candidate - who's really helping the terrorists? (t.A23) - Bush is soft on Saudis, soft on N.Korea, soft on bin Laden family, soft on Osama, soft on anthrax mailer, soft on White House CIA outer, soft on torture, soft on looters, soft on Chalabi, soft on Baathists, soft on new police state, soft on Israeli hardliners, soft on Homeland Defense; hard on Iraqi freedom of the press, hard on Palestinians, hard on veterans, hard on Reserves, hard on National Guard, hard on photos of coffins... & soft on gun dealers...
    2. review of gun dealers falls short of goals - Bureau of Alcohol Tobacco Firearms & Explosives inspects only 4.5% of nation's federally licensed gun dealers each year (t.A12)

    7/17-19/2004 sat-mon (re fri biz)
    - keep hope-vs-doom comin' with $5/mon. check to Timesizing.com, Box 622, Cambridge Ma 02140 -
    - #visitors to any of our 717 files, F Sa Su: 759,487,539 - wk's daily avg: 741
    -

    TIMEsizing awareness = strategic glimmers of hope in weekend's GoogleNews:

    1. hourly pay in the US is falling behind inflation & will continue to do so until hours are adjusted downward enough to hire all able-bodied adults
    2. plus 44(!) additional stories of timesizing and worktime debate
          •      click here for details
    + random glimmers of hope indexing (j) Wall St.Journal, (t) NYTimes or (g) Bos.Globe (archives):
    1. Kerry is building legal network for anticipated fights over votes (7/19 t.A1) - here's hoping the Dem contender keeps fighting this time, & assembles overwhelming creativity in the effort
    2. 9/11 Commission's report on al Qaeda's pre-9/11 contacts with Iran, not Iraq, may raise pressure on Bush (7/19 j.A3) - here's hopin'
    • Boston-area readers who want real news - try "Radio Free America for Americans" dba *Democracy Now on 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday

    vs. doom du jour tm for lack of timesizing, in j, t, & g (Boston Globe):
  • DOWNsizing appetizers = takeovers (archives):
      PNC Financial Services to acquire Riggs National Corp. for $779m (7/17 t.B1)
  • DOWNsizings, totaling 3500 lost jobs reported in Wall Street Journal (j) or NY Times (t):
    1. 3000 lost jobs as Brown & Williamson closes cigarette plant in Macon GA - will have ripple effect of 9000-14000 more lost jobs in region (7/17 t.A7)
    2. 300 jobs gone as Carnival Corp.'s Cunard Line unit moves HQ from Miami to Santa Clarita CA (7/19 j.B4)
    3. est. 200 jobs to vanish as Mitsubishi Motors plans output cut at its US plant (7/19 j.B4)
    4. unspecified cuts to its high-wage US hourly workforce as Delphi Corp. commits suicide with cuts despite sales growth (7/19 j.B4)
  • DOWNsizing results = 1 homelessness story (archives): 
      NYC gambles on an old program to cut homelessness by 2/3, per Mayor Bloomberg's pledge last month = combination of new housing & intensive social services, called 'supportive housing' (7/19 t.A18)
  • headlines from hell (tm) from (j) Wall Street Journal or (t) NY Times or (g) Boston Globe (archives):
    1. Bush cuts off financing of UN population agency for 3rd year (7/17 t.A6) - a suicidally shortsighted administration
    2. Senate Intelligence report clouds CIA ID-leak investigation - sparring over veracity of CIA operative's husband, former-ambassador Joseph Wilson, could delay indictments past election (7/19 j.A4) - oh goody! just what Bushies want!

    weekend roll-up -

    5 issues/wk - wk's avg homepage hits/issue: 51
    hope of the weektm from the WSJ & the NYT:
    88 TIMEsizing items   • 1 UPsizing (??+ new jobs) 
    + bogus hope: • 3 makework items (?? new 'jobs')

    vs. doom of the weektm from the WSJ & the NYT:
    • 7 DOWNsizings, over 3724 jobcuts   • 4 bankruptcies  
    • 6 eroding-retirement stories   • 1 homelessness story   • 1 workplace-death story

    {{ytd: 592 timsizngs (1636+ new or sav'd jobs) + 87 upsizngs (91581+ new jobs) + 230 makwrk (36803+ 'jobs') =
    tot: 130020 = 41% of cuts, VS. 267 dnsz (315032+ cuts) + 112 bnkrp ($416m+) +28 homlss +98 jail +18 deth }}


    7/16/2004 friday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 716 textfiles: # visitors yesterday 7/15/thu: 819 (7/17/2003/thu: 814)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. 4-hour reduction of workweek to 40 hours in S.Korea is boosting travel industry
    2. some S.Korean hospitals have improved medical workers' working conditions by implementing new 5-day workweek
    3. plus 9 other articles
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. cracks showing in Vlucans' vision - Bush's war cabinet dreamed of transforming Iraq into Israel-friendly democracy in heart of Mid East that could lead entire region away from dictators & kings with whom US had for too long made devil's bargain in name of stability (boston globe.A15) - set'em up, knock'em down
    2. *vote to impeach Bush, Cheney, Rumsfeld, Ashcroft & Powell for violations of the Constitution in their attempt to commit war crimes with impunity, including violations of Americans' civil rights (t.A13) - compare: "British 'Labor Party' is battered in 2 votes" - Blair's public ratings have plunged since he dragged Britain into joining Bush in invading Iraq (t.A12)
    3. Kerry addresses NAACP, attacking Bush for not doing so (t.A16)
    4. citing Falwell's endorsement of Bush, Americans for Separation of Church & State challenges Falwell's tax-exempt status (t.A16)
    5. around the world, markets are the dullest in years - is that good news? (t.C1) - yes - recall Chinese curse: 'may you live in interesting times'
    6. banks operating in Mexico to pay for 1990s bailout - units of 3 global lenders to reimburse gov't in an $826m accord (j.A8) - let's make them do that here - how much did taxpayers lose in the S&L scandal? - how much in the LTCM bailout?
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. Thomas H. Lee Partners buys Nortek Holdings for $1.75B (j.A10, t.C3)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 24 jobcuts, made it into j (WSJ) or t (NYT):
      24 layoffs as GE- & Vivendi-owned Universal Studios acknowledges delays on theme park in Shanghai (j.A6)
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
    1. the "recovery's" knotty underside: being forced to move for your job (j.D1)
    2. Britain: official jobless rate is '4.8%' in Feb-Mar fiscal third (t.W1)
  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
      Ken Lay's 'vision' helped create the mess - what tenet of free-market capitalism justifies paying CEO such treasure for leadership that was at best incompetent & at worse, criminal? - he transformed it from a boring but reliable pipeline operator into a glitzy commodities trader that used hype & a soaring stock market to hide fact it's real business was a mess: Venkates Swaminathan of Oakland (j.A11) = there's a lot to be said for 'boring'
  • CEOs DOWNsize everyone else’s retirement (archives):
    1. real estate portfolio acquired by Fortress Investment Group of U.S. from German govt's retirement agency - analysts said the sale would give only passing relief to Germany's pension system - in Nov., the gov't passed legislation to freeze pension payments in 2004 in a bid to cap labor costs & plug holes in funding (j.A6) = more suicidal gov't "eating its seed corn" = sacrifice of long-term sustainability to short-term convenience
    2. as Japan ages, concerns shift to retirees, debt - questioned in June re failing to pay premiums into national pension system 40 yrs ago even tho law didn't force him to, Koizumi said, 'Takes all sorts; why do I have to apologize?' - so now voters rebuke him at the polls (j.A10)
  • DOWNsizing results = bankruptcies (archives):
      Jillian's Entertainment Holdings Inc. et al. file Chapter 11 jointly (j.C11)
  • and finally, general headlines from hell, noted in (Wall St. Journal) j & (New York Times) t & (Boston Globe) g (archives):
    1. the Tom DeLay inquiry needs an independent counsel because 4 of 5 'ethics panel' Republicans got money from his PAC, watchdog groups said (j.A1)
    2. Iraq's Allawi proposed an elite security unit to 'annihilate' insurgents (j.A1) - now we're back to Saddam-era secret police
    3. in Iraq, the most coveted item now is a passport (t.A1) - 'I want to get out; I want my children to live in a peaceful place': Zeinab Heart, seeking a passport to leave Iraq (t.A2)

    7/15/2004 thursday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 715 textfiles: # visitors yesterday 7/14/wed: 827 (7/16/2003/wed: 830)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. 32% of surveyed US employers offer jobsharing arrangements
    2. concentration of income in top brackets becomes so intense as to suction markets away from its own current & potential investments - market-oriented solution is to dynamize training, decrement workweek, spread work around till all potential consumers are activated
    3. to dynamize training, use automatic overtime-to-training conversion
    4. plus 12 other articles
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. UPsizing, totaling unspecified new jobs, as Exxon Mobil plans $7B fuel plant in Qatar (t.W1)
    2. more & more Republicans are increasingly nervous about Nov. - the fundamentals don't look good for Geo.W.Bush: Albert Hunt (j.A11)
    3. bipartisan opposition sank the gay marriage-banning Constitutional amendment Bush sought, dimming Republican hopes for a politically adantageous cultural wedge - advocates failed to get even a majority (51%) for a Senate vote, let alone the required 2/3 (j.A1, t.A1) - NOW can we get on with the real & HUGE problems of this country & quit trying to ram a uniform lifestyle down everyone's throat??!
    4. adopting tough rules, by choice - even as some publicly traded small businesses are going private to escape the tough acctg & governance standards stipulated by Sarbanes-Oxley, some privately held companies are moving in the opposite direction, e.g., Jeff Westphal of Vertex tax software & services decided to look for outsiders to expand his board (t.C1>8)
    5. new acting intelligence chief John McLaughlin takes aim at Senate Intelligence Committee report & insists agencies aren't at fault in war debate (t.A8) - & this would never come up if we had a grownup, accountable president who actually took some responsibility instead of "the 'don't blame me' president" (g.A10) - 'swear to thine own hurt and keep it'!
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. House-Senate conferees agreed on $418B Pentagon budget with $25B in war funds (j.A1>2)
    2. Ireland's government wants Irish to be 21st official language of EU, allowing it to be spoken in Euro Parliament - 50-year revival helped by dedicated TV & radio broadcasts & laws to promote use in daily life - Ireland chose English as its working language when it joined EU in 1973 but Irish enshrined as 1st language in its Constitution & 41% of 4m population can now speak it (t.A13) - would be only Celtic tongue in EU

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. two more high rollers to merge - Harrah's Entertainment to buy casino rival Caesars Entertainment for (5.28+3.97debt=) $9.25B (j.A1, t.C1)
    2. Affiliated Managers Group to buy Fremont Investment Advisors' mutual fund biz for $?? (t.C4)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 100 jobcuts, made it into j (WSJ) or t (NYT):
      3.3% workforce cut (100 jobs lost) as Applera Corp.'s Applied Biosystems Group quadrisects itself (& pares its customers' customers), instead of just trimming 3.3% of its workweek (16 minutes a day for everyone, including top executives), re-investing overtime savings in overtime-targeted training&hiring and keeping everyone together working, earning and shopping at least 96.7% as much as before (j.B2)
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
    1. the "recovery's" knotty underside: being forced to move for your job (j.D1)
    2. Britain: official jobless rate is '4.8%' in Feb-Mar fiscal third (t.W1)
  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
      Ken Lay's "vision" helped create the mess - what tenet of free-market capitalism justifies paying CEO such treasure for leadership that was at best incompetent & at worse, criminal? - he transformed it from a boring but reliable pipeline operator into a glitzy commodities trader that used hype & a soaring stock market to hide fact it's real business was a mess: Venkates Swaminathan of Oakland (j.A11) = there's a lot to be said for 'boring'
  • CEOs DOWNsize everyone else’s retirement (archives):
    1. United Airlines (UAL) delays $72.4m in payments to its employee pension funds (j.B2, t.C1)
    2. retirees from Qwest Communications Int'l are suing Bush's Labor Dept. to get audit details of Qwest pension fund that had $6B in losses over 3-year period (j.B6)
  • DOWNsizing results = bankruptcies (archives):
    1. Breuners Home Furnishings in Lancaster PA, owner of Huffman Koos and Good's Furniture, files for liquidation (t.C4)
    2. Japan: corporate bankruptcies decline from 6/03 19.5% to 1,126 cases in 6/04, 18th consecutive month of decline (t.W1) - so either things are a bit better or there's no more firms left to file
  • and finally, general headlines from hell, noted in (Wall St. Journal) j & (New York Times) t & (Boston Globe) g (archives):
    1. workers' pay hikes still small - 'improving' economy not yet reflected in paychecks (g.E1) - don't hold your breath
    2. retail sales fell a larger-than-expected 1.1% in June 'as high energy prices & bad weather curbed consumer spending' (j.A1) - how about cumulative downsizing & the hyper-concentration of the national income?
    3. Bush's science record faces challenge from scientists - administration is criticized for bending research to his own political purposes (j.A4) = lying about data, again, all over the place - 'attitude is no substitute for judgment & a cheerleader is not always a leader' (g.A11)

    7/14/2004 wed. - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 715 textfiles: # visitors yesterday 7/13/tue: 883 (7/15/2003/tue: 896)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. South Koreans fretting over possible pay penalties need to start fighting for an automatic adjustment of the workweek vs. unemployment
    2. Kerzner International cuts middle managers from 6- to 5-day week at same pay
    3. national 'tsunami'-scale shortage of air traffic controllers, traceable to Reagan's 1981 meddling, has already brought 6-day workweeks in Vegas & calls for hiring
    4. plus 4 other articles
          •      click here for details
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
      the EU is set to approve a rescue loan of about $500m for Italian airline Alitalia (j.A1)

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. Bank of America to acquire National Processing Inc. in $1.4B in cash deal (j.C4)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
      online today, work in progress - an Indian outsourcing firm that gets 1,500 job applications a day, and more in our Web log (j.A1)
  • CEOs DOWNsize everyone else’s retirement (archives):
      new Bush Medicare drug law is seen leading to cuts in retiree plans - employers are expected to reduce or eliminate Rx benefits for 3.8m retirees in '06 (t.A1)
  • DOWNsizing results = bankruptcies (archives):
      Safescript Pharmacies Inc. et al. (j.C13)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. Bush & CIA won't release prewar paper - senators seeking only ONE-page summary (t.A1) - spread of secret gov't in America - USA replaces USSR as 'evil empire'
    2. onward GOP soldiers - Bush-Cheney campaign is buttonholing Christian churches nationwide to serve as virtual party precincts in Repub re-election drive (t.A26) - more UNseparation of church & state
    3. no Kerry news on campaign pages (t.A18-19) despite Bush campaign story on frontpage: 'in Bush's war room, the gloves are always off' (t.A1)

    7/13/2004 tuesday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 715 textfiles: # visitors yesterday 7/12/mon: 872 (7/14/2003/mon: 881)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. 10 articles
          •      click here for details

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
      buyout firms wheel & deal in small world - inexpensive borrowings finance a raft of serial acquisitions (j.C1)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 100 jobcuts, made it into j (WSJ) or t (NYT):
      17% workforce cut (100 Israeli jobs lost) as TTI Team Telecom International Ltd. pares employment & markets, instead of just trimming 17% of its workweek (to five 6hr-38min days for everyone, including top executives), re-investing overtime savings in overtime-targeted training&hiring and keeping everyone together working, earning and buying at least 83% as much telecom industry software as before (j.B2)
  • CEOs DOWNsize everyone else’s retirement (archives):
      the Foster affair - if subverting informed decision-making were illegal, Thomas Scully, Bush's former top Medicare official, would be in trouble - Scully threatened Foster's job if he disclosed to Congress that Medicare bill would cost as much as 50% more than Bush had let on (t.A18)
  • DOWNsizing results = more suicides - lack of work-life balance kills (archives):
      Equal Employment Opportunity Commission finds fault in Lockheed actions at '03 shooting site - allowed a 'racially charged atmosphere' - Doug Williams harassed black workers from Dec/2001 to July 8, 2003 when he shot 14, 12 were black & 6 died, whereupon he shot himself (j.B9)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. machine at work - if Tom DeLay's brand of conservatism is so unpopular it must be closeted during the GOP convention, how can he really run the GOP? A: DeLay is the 'chief enforcer of company contributions to Republicans' (t.A19)
    2. report finds ethical conflicts in journals - 4 medical & scientific journals recently published studies that failed to disclose the authors' financial conflicts of interest (t.A16)

    7/10-12/2004 sat-mon (re fri biz)
    - keep hope-vs-doom comin' with $5/mon. check to Timesizing.com, Box 622, Cambridge Ma 02140 -
    - #visitors to any of our 714 files, F Sa Su: 727,535,524 - wk's daily avg: 690
    -

    TIMEsizing awareness = strategic glimmers of hope in weekend's GoogleNews:

    1. East Cleveland OH implements four-day 32-hour workweek in budget crunch
    2. South Korea starts its new, shorter 40-hour workweek
    3. and immediately sees benefits in the travel industry
    4. some places are going backward, like the 12-hour shifts in the aluminum industry in Canada
    5. or the pressure to go back from 35 hours to 40 in German engineering
    6. plus seven more stories of timesizing and worktime debate
          •      click here for details
    + random glimmers of hope indexing (j) Wall St.Journal, (t) NYTimes or (g) Bos.Globe (archives):
    1. UPsizings - ?? new jobs as Goodyear Tire & Rubber plans $50m expansion at its Cali, Colombia, mfg plant (7/12 j.A14)
    2. Fahrenheit 9/11 has recruited unlikely audience: US soldiers e.g. from Ft. Bragg in NC (7/12 j.A4)
    3. Senators assail CIA judgments on Iraq's arms as deeply flawed - panel unanimous - 'group think' backed prewar assumptions, report concludes - policy, politics and pressure (7/10 t.A1) - the Senate report is condemnation of how this administration has squandered the public trust it may sorely need for a real threat to national security (7/10 t.A28) - since his longed-for 'Pearl Harbor incident' on 9/11, Bush has been one big cry of 'wolf'
    4. Kerry, Edwards seek to make campaign issue of Enron case (7/12 j.A4) - with Kenny Lay an old Dubya buddy, that shouldn't be too hard
    5. British opponents of Blair's Iraq war look to US Senate Intelligence Committee's report as evidence (7/10 t.A8) - ex-agents attack Blair on Iraq 'intelligence' (7/11 g.A10)
    6. major portion of Israeli fence is ruled illegal by World Court - Palestinians hail verdict on West Bank wall (7/10 t.A1)
    • Boston-area readers who want real news - try "Radio Free America for Americans" dba *Democracy Now on 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday

    vs. doom du jour tm for lack of timesizing, in j, t, & g (Boston Globe):
  • DOWNsizing appetizers = takeovers (archives):
    1. Cypress Group to acquire Automotive Aftermarket Group from Dana Corp. for $1.1B (7/12 j.A14)
    2. Japan's watchdog trade agency to issue warning vs. Microsoft for antimonopoly violations (7/12 j.A14) - good news for a change but 'largely symbolic' only
  • DOWNsizings, totaling 1755 lost jobs reported in Wall Street Journal (j) or NY Times (t):
    1. 1600 jobcuts as Mitsubishi Motors plans closure of Okazaki plant (7/12 j.A14)
    2. 155 (190-35) net jobcuts as Corus Group prepares to shut Sankey Laminations electric-steel factory in Bilston, England by March 2005 (7/10 t.B3)
  • DOWNsizing overviews noted in (j) WSJ or (t) NYT or (g) Boston Globe (archives):
      Canada added 24,700 jobs in June but official unemployment went up 0.1% to 7.3% because 39,100 people restarted jobhunt (7/10 t.B3)
  • DOWNsizing results = dysfunctional executive pay:
    1. Ken Lay's defense: call me ignorant - give Lay a choice: take responsibility or give up all the salary, bonuses, perks & stock options he received for shouldering the responsibility he now wants to shed: David Hawkins of Brooklyn (7/10 t.A28)
    2. MCI sues ex-CEO over loans (7/12 j.B2)
  • DOWNsizing results = 1 new bankruptcy (archives) in WSJ (j) and/or NYT (t):
      Cognistar Corp. in Chapter 11 (7/12 j.B6)
  • DOWNsizing results = prison news (archives):
      prison scandal burdens Army recruiters - efforts to enlist soldiers in 372d Military Police hampered by Iraq war (7/11 g.A10)
  • headlines from hell (tm) from (j) Wall Street Journal or (t) NY Times or (g) Boston Globe (archives):
    1. a 'recovery' trying to keep its legs suddenly feels woozy - So far this month, 32 technology companies have issued warnings about their earnings (7/12 t.C1>4)
    2. is administration crying wolf? - constant false alarms from Bush to distract from Kerry news are disservice to actual national security: David White-Lief of Westwood MA (7/10 g.A10)
    3. Bush was right that Cheney was ready to take over on Day One, and he did, and he has been ever since: Kerry in Cleveland (7/10 g.A11)
    4. CIA deleted large sections, 20%, of Senate's intelligence report (7/10 t.A9) - compare key sections of Bush's military records 'accidentally' destroyed
    5. admitting intelligence flaws, Bush stands by need for Iraq war (7/10 t.A8) = his own holy Oil War, regardless of ties to 9/11 or WNDs - what else can he say after 1000 Americans killed & 10,000s of Iraqis for nothing?
    6. Doonesbury (7/11 g.cartoons 3) -
      • when Geo.W.Bush first ran for president, he promised to be a uniter, not a divider
      • 3 short years later, he's delivered! today, Muslims everywhere stand united in their anger toward America!
      • by invading Iraq, Bush has created an incubator for a whole generation of holy warriors!
      • moveover, by so carelessly squandering America's moral authority ... he's done incalculable damage to her standing and interests around the world for years to come!
      • may he be re-elected, Allah willing!
      • I'm Osama bin Laden, and I approve this message
    7. Los Alamos missing secret data (7/10 t.A13) - again? - with 'homeland security' like this, who needs Al Qaeda?
    8. Bush to skip national convention of 500,000-member National Assoc. for Advancement of Colored People (NAACP), largest civil-rights group in nation (7/10 t.A15) - first president since Hoover to diss NAACP like this in first term - that plus Jeb's exclusion of 1000s of black voters in Fla. in 2000 adds up to a Bush family feud against black Americans, Colin & Condi notwithstanding - oh yeah, AND gays ...
    9. Bush urges passage of gay marriage ban (7/11 g.A1)
    10. Fla. list for purge of voters is [still!] flawed (7/10 t.A12)
    11. Vatican now focus in clergy sex abuse - 2 former monks Richard Sipe & Patrick Wall + Rev. Thomas Doyle compiled 300-page document asserting Vatican officials have known about sex abuse by priests back to 4th Century but have consistently hushed it up (7/12 g.A14)

    weekend roll-up -

    5 issues/wk - wk's avg homepage hits/issue: 55
    hope of the weektm from the WSJ & the NYT:
    36 TIMEsizing items   • 3 UPsizings (250+ new jobs) 
    + bogus hope: • 4 makework items (?? new 'jobs')

    vs. doom of the weektm from the WSJ & the NYT:
    • 6 DOWNsizings, over 4407 jobcuts   • 2 bankruptcies   • 1 homelessness story   • 4 prison stories  

    {{ytd: 506 timsizngs (1636+ new or sav'd jobs) + 86 upsizngs (91581+ new jobs) + 227 makwrk (36803+ 'jobs') =
    tot: 130020 = 42% of cuts, VS. 260 dnsz (311308+ cuts) + 108 bnkrp ($416m+) +27 homlss +98 jail +17 deth }}


    7/09/2004 friday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 713 textfiles: # visitors yesterday 7/08/thu: 823 (7/10/2003/thu: 784)

    TIMEsizing awareness in yesterday's GoogleNews:

    1. Molly Ivins saw it too - GOP pollster Frank Luntz on Bill Moyers' NOW on July 2 saying that the key swing voters are women & biggest issue is lack of free time - so far totally unaddressed in US politics except by the Timesizing.com Party of Massachusetts
    2. Dixie State College in Utah recently cut to 4-day workweek for the summer due to A/C costs
    3. Fulton County Administrator Vond Hall in Illinois has proposed 35-hour workweek due to budget crunch
    4. growth-curbing underconsumption in South Korea can be expected to improve as large companies hire to replace lost 4 hours/week as they cut from 44- to 40-hour workweek
    5. Santa Fe needs to replace its elaborate living-wage rules with elaborate worksharing rules
    6. more media blitz against European shorter workweeks & 9 other articles
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. loans [bad] and income [good but funneled] rise; jobless claims fall, but total too low because fewer auto factories than forecast shut down to retool - nonmortgage consumer debt rose to $2.03T in May (t.C3)
    2. Kerry gets backing of 5 businessmen despite US Chamber of Commerce vow to oppose ticket with Edwards (j.A6):
      1. Barry Diller of InterActive Corp.
      2. Warren Spector of Bearn Stearns
      3. Daniel Rosensweig of Yahoo
      4. Peter Chernin of News Corp.
      5. John Thompson of Symantec
    3. US 'recovery' [our quotes] in manufacturing gains momentum (j.A2) - but so what when "retail sales are below expectations - June's gain of 2.9% breaks robust run, brings worry; luxury stores [of course] buck trend" (j.A2)
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
    1. an ousted CEO and his money aren't soon parted - e.g., Enron creditors' suit to regain $70m from Ken Lay still pending, Stephen Hilbert owes Conseco $240m, Bernie Ebbers owes WorldCom-MCI $408m... (j.B2<1)
    2. by European standards, he is Mr. Greedy: Sainbury's Peter Davis & his $4.4m stock award (t.C1)
  • DOWNsizing results = more prison inmates (archives):
      the US disowned 3 American terrorist hunters arrested in the Afghan capital at a jail where officials found captives hanging by their feet (j.A1)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. Ridge drowned out campaigning with an election terror warning, offering no specifics & declining to raise alert level (j.A1) - Bushies desperately cry 'wolf', again & again
    2. meddling screw-up, Rupert Murdoch - said to be source of NY Post's now infamously inaccurate 'exclusive' that Gephardt would be Kerry's running mate (t.C1>A14) - 'power corrupts'
    3. effort to curb scope of antiterrorism law falls short - House narrowly (210-210) upholds Bush 'Justice' Dept.'s right to get library & bookdealer records - just to get to that point, Repubs had to keep tally open extra 20 minutes to 'educate' members as Dems chanted 'shame' - independent Rep. Barnie Sanders had sponsored amendment to stop neo-cons from walking into our libraries without probable cause & monitor people's reading habits (t.A16, j.A2) - Bush makes progress in his goal of turning America into a police state
    4. Enron's former CEO, Ken Lay, in unusual press conference, blamed ex-CFO Fastow (j.A1) - with Reagan & Bush as examples, today's CEOs have no responsibility, become expert finger-pointers - forget Dem Pres. Truman's "buck stops here"

    7/08/2004 thursday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 713 textfiles: # visitors yesterday 7/7/wed: 817 (7/09/2003/wed: 814)

    TIMEsizing awareness from GoogleNews:

    1. avg. Canadian workyear shrank from 1785 hours in 1979 to 1718 hours in 2003
    2. job-sharing in the Silicon Valley - at Zoomerang
    3. WSJ tries to twist OECD data into pre-technology formula of longer hours, more money, never mind productivity
    4. more chatter about 50-hour workweeks in Germany, regardless of employment concentration & less money for people who buy the output
    5. Germany tries to force people off long-term unemployment by cutting it, without bothering to share the vanishing employment
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. UPsizings, totaling 250 +?? new jobs - 250 as Dell plans customer contact center in Oklahoma City (t.C4)
      - east European city, Timisoara, Romania, wins unspecified jobs thru others' outsourcing - & looks over its shoulder lest 'what goes around, comes around' (j.A1)
    2. Kenneth Lay is indicted in fraud case as Enron inquiry reaches the top - former CEO faces charges he conspired to manipulate energy concern's finances (j.A1, t.A1) - AT LAST they're getting him - hopefully the mud will spatter Bush & Cheney - compare: once a corporate predator, Enron is now just leftovers (t.W1)
    3. US soldiers seek refuge in Canada - Jeremy Hinzman & Brandon Hughey want no part of "illegal war" in Iraq (t.A11) - tell it like it is, guys! - compare: US Reserves have been pushed to breaking point, House leaders from both parties said after taking testimony of officers - recruiting is down (j.A1) - & for what? Illawi is turning into another Saddam
    4. the House, 281-137, dealt a double blow to Bush by rejecting his small-business loan subsidies & making deeper cuts in his request for a nonprofit corporation supporting politically sensitive programs in Islamic nations (j.A4)
    5. the House, 221-194, spurned Bush's curbs on gift parcels that Americans can send to family in Cuba (j.A1>4)
    6. Kerry & Edwards get back on target = "it's the economy, stupid!" (t.A16)
    7. Wall St. Journal columnist praises Edwards (j.A15)
    8. Forest Service proposes off-road-vehicle (O.R.V.) limits in the 155 national parks (t.A1>12)
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. EU OK's French-led bailout of Alstom (j.D5) - EU could require govts seeking approval for corporate bailouts to open their protected sectors to competition (j.A1)
    2. EU puts more limits on bailouts of companies - could require govts seeking bailout approval to open their protected sectors to competition (t.W1, j.A1>12)

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. Brookline Bancorp to acquire Mystic Financial for $65.1m (t.C4)
    2. Yahoo's quarterly earnings double but disappoint investors because merely due to series of acquisitions (t.C5) = bogus growth
    3. Kohlberg Kravis readies the loss-laced banale finale to greatest leverage buyout on Wall St, that of RJR Nabisco in 1989 for $25B - deal goes down in history as showing how hard it is to get out of huge deal that goes badly, & perils of putting too many egg$ in one basket (t.C7)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 220 +?? jobcuts, in j (WSJ) or t (NYT):
    1. 220 jobcuts as Providian Financial closes a San Antonio customer-service site (t.C4)
    2. unspecified cuts as Royal Dutch/Shell closes Calif. refinery (T.C4, j.A1>3)
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
      still made in the USA - as rivals move production to Asia, Hutchinson Technology Inc. stays competitive in Hutchinson, Minn. (j.B1) - the exception that proves the rule, & there's another little problem: 'extensive automation has held down cost of labor [& jobs] at Hutchinson (j.B4) - still say 'technology creates more jobs than it takes over'?
  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
      as CEOs miss bonus goals, goalposts move closer - companies adjust target levels, keeping their executives happy [& their stockholders & employees unhappy] - IRS pay-curb incentives ignored (j.C1) - it's pretty hard to discipline management with anything but market forces, & that takes a perceived labor shortage - Timesizing is the smart way to get one, especially compared to current methods like war & AIDS
  • DOWNsizing results = more homelessness in (j) WSJ or (t) NYT (archives):
      as Ridgewood Reservoir on Brooklyn-Queens border becomes a park, permanent camper Luis Rodriguez gets eviction notice (t.A23)
  • DOWNsizing results = more prison inmates (archives):
    1. British lawyers contend 8 terror suspects should be freed because arrests may have been based on evidence elecited by torture at US jails (j.A1)
    2. 15,000 US children with psychiatric disorders were improperly incarcerated last year because no mental health services were available (t.A18)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. shades of the old Iraq - 2 weeks after US installed Iyad Illawi as interim PM heading unelected caretaker gov't in Iraq, his methods smell like Saddam's = drew up decree to give himself authority to exercise martial law powers anywhere he wants = not encouraging way to start guiding Iraq toward free elections in Jan. (t.A24)
    2. Senate Iraq report, tho highly critical of prewar intelligence, sidesteps issue of how Bushies misused data to push for invasion (t.A1)
    3. dollar declines on weak outlook for US growth (j.C4) - compare: fund skipper Robert Rodriguez sees a winner: cash (j.D9) - ah, wouldn't that indicate depression? - compare: technology spending has a hiccup - profit warnings suggest recovery may be sputtering in business-software sector (j.A2) - compare: auto makers offer more incentives - with consumer demand for SUVs, pickups waning, new discounts are planned - car makers tried to pull back from rebates, but have little to show for it (j.D5) - more symptoms of depression amid hyped 'recovery'
    4. Vietnam, China accuse US of protectionism (j.A12) - more Bush 'free trade' hypocrisy - but good cuz it's a 'rape me' sign anyway - compare: Europe to alter tariffs to help poor countries (t.W7) = 'free-trade tariffs'? - so can we stop the empty babble about 'free' trade now?!
    5. another Bushie attack on fragile Arctic environment - administration targets unique Teshekpuk Lake in Alaska for oil & as development, regardless of Alaska Natives' hunting & fishing needs & rights (t.A25)

    7/7/2004 wednesday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 713 textfiles: # visitors yesterday 7/06/tue: 850 (7/08/2003/tue: 815)

    TIMEsizing awareness from GoogleNews:

    1. British Dept. of Trade & Industry to offer masterclasses on how corporations can lose their long-hours culture
    2. US study links nurse errors with long working hours
    3. WSJ slips, hints that leisure is no longer 'sinister & impractical concept for most Americans'
    4. more on current race to roll back worktime-reduction advances in Europe before cavemen get voted out of office
    5. some European economists call for a return to 50-hour workweeks, which would violate their own EU Working Time Directive's 48-hour maximum
    6. South African business rag tries to hustle notion that eurozone must scrap 35-hour workweek (& join their race to the bottom)
          •      click here for details

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. Canadian Liberals press ahead with plans to issue guidelines on bank mergers (j.A8) = some good news for a change
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 2432 +?? jobcuts, in j (WSJ) or t (NYT):
    1. 2% workforce cut (2432 jobs lost) as French retail bank Credit Lyonnais undergoes the toxic takeover-downsizing connection, instead of just trimming 2% of its workweek (8 minutes a day for everyone, including top executives), re-investing overtime savings in overtime-targeted training&hiring and keeping everyone together working, earning and banking at least 98% as much as before (j.B8)
    2. unspecified cuts of London staff by investment bank Lazard (j.C5)
  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
      as CEOs miss bonus goals, goalposts move closer - companies adjust target levels, keeping their executives happy [& their stockholders & employees unhappy] - IRS pay-curb incentives ignored (j.C1) - it's pretty hard to discipline management with anything but market forces, & that takes a perceived labor shortage - Timesizing is the smart way to get one, especially compared to current methods like war & AIDS
  • DOWNsizing results = bankruptcies (archives):
      Archdiocese of Portland, Ore., became first Roman Catholic diocese in US to file for Chapter 11 in response to mounting claims by victims of sexually abusive priests (t.A1>12)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. Bush accuses Vietnam & China of dumping shrimp on US market (t.C1) = more Bush trade hypocrisy - what does he care? he's supposed to be a 'free trader' & the whole rationale is to 'benefit consumers' - under Timesizing, there would be so much overtime-targeted on-the-job training that we could surf such dumping, but we'd probably want to design & implement an automatic trade-deficit rebalancing system anyway
    2. the administration worked assiduously to keep from Congress high estimates of the Medicare bill's cost, but broke no laws (j.A1>4) - grrreat! = dishonest but not illegal - quick, let's have 4 more years of this oh-so-moral administration!
    3. an Air Force pilot was given a reprimand & docked a month's pay for a bombing mistake [AND procedure breach] in 2002 that killed 4 Canadian troops in Afghanistan (j.A1) - step right up! bag 4 Canucks for 1 month's pay & a wrist slap!

    7/06/2004 tuesday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 712 textfiles: # visitors yesterday 7/05/mon: 556 (7/7/2003/mon: 803)

    TIMEsizing awareness from GoogleNews:

    1. WSJ writer argues for national health insurance on Japan model & grounds of efficiency - would clear big obstacle from path of shorter worktime per person
    2. decline in working hours, which should be seen as a positive tribute to advancing technology & human freedom (based on free time) is still seen by mainstream economists as negative
    3. another run at explaining recent fiddling with overtime which still leaves basic flaws: doesn't include everyone and doesn't demotivate overtime by the merely money-motivated or harness others' overtime for OT-targeted training&hiring
    4. an example of runaway money-motivated overtime in US regardless of unemployment or impact on taxpayers = L.A. firefighters
    5. European voters fed up with non-representation, whether right or 'left', one of each rolling back gains in shorter hours in France & Germany
    6. European trapped-in-the-box thinkers are blaming the solution, shorter hours, for all their problems - stay tuned for problems worsening
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. 'NAIRU' jacket - Andy Kessler on WSJ editorial page slams idea of controlling inflation by fostering unemployment = 'non-accelerating inflation rate of unemployment' (j.A22)
    2. supply & demand gauge one's wage, the worth of one's skills - Itzhak Sharav on WSJ letters page cuts against myth that wage is determined by productivity or hours to say wage (labor price) is determined like the price of any other commodity (j.A23)
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. Pa.'s governor authorized the placement of 61,000 slot machines at 14 sites, including horse tracks, to fund a property-tax cut of $1B (j.A1) - they'll be saaawr-ry
    2. EU executive body, the EC, at meeting tomorrow will approve French-led (E4B = $4.9B) bailout of Alstom SA (j.C6) - followup: EU expected to unveil rules that will curb state-sponsored corporate bailouts & require firms to repay part of aid (7/7/04 j.A1>8)

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. Allianz AG's Allianz Capital Partners GmbH to buy UK nursing-home operator Four Seasons Group for (£775m) $1.41B (j.C6)
    2. British insurer Friends Provident PLC will merge Isis Asset Management PLC, in which it has controlling interest, with F&C, the asset-mgmt arm of Dutch insurer Eureko NV, in deal worth (£750m) $1.38B (j.A10)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs end up DOWNsizing own consumer markets via own employees - overviews (archives):
      the economy created 112,000 jobs in June, less than half of the 250,000 [cheerleaders, oops] economists had forecast - the shortfall fueled debate over whether the Labor Dept. report signaled a [permanent] cooling of the economy [YES] or a temporary setback [NO] or a statistical blip [NO] (j.A1>3)
  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
      investment bank is no more, but lawsuit has life of its own - Robertson Stephens legacy: arbitration claim by 42 Robertson bankers grows, big paydays revealed - bankers disclosed they had received $130 million in bonuses alone over 3-year period before the demise (no wonder it 'demised'!), with the largest single annual bonus totaling $7.3 million (j.C5)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. business elite, US Chamber of Commerce, vows to take on Kerry if he taps Edwards (j.A4) - obviously 'business elite' has become too insulated & isolated to recognize true conservativism when they see it
    2. CIA held back Iraqi arms data, US officials say - pResident not informed that relatives of Iraqi scientists told CIA before the war that Iraq's illicit unconventional weapons programs had been abandoned (t.A1) - or did he & Cheney just not want to hear it?
    3. more find health plans too costly - coverage from employer goes untaken - adding to nation's population of 37m uninsured (boston globe.A1) - huh? where'd they get that figure, from Bush? - it was 43m four years ago & now it's at least 46m uninsured - see 7/01 below - in view of this, later headline seems unlikely: 'facing productivity drop, employers seek family-friendly solutions' (7/11 bg.A21)

    7/03-05/2004 sat-mon (re fri biz)
    - keep hope-vs-doom comin' with $5/mon. check to Timesizing.com, Box 622, Cambridge Ma 02140 -
    - #visitors to any of our 710 files, F Sa Su: 668,469,451 - wk's daily avg: 673
    -

    TIMEsizing awareness = strategic glimmers of hope in weekend's GoogleNews:

    1. more on South Korea's 4-hour cut to 40 a week
    2. more on US medical trainees' 40-hour cut to 80 a week
    3. more puzzlement about Americans' non-vacation
    4. an odd little fuss about taking Sat. or Sun. off in Virginia
    5. more on French neanderthals trying to lose French gold medal for the shortest national workweek in the world (35 hours)
    6. more on German neanderthals trying to lose German silver medal for 35-hour workweek in unionized sector of west Germany
          •      click here for details
    + random glimmers of hope indexing (j) Wall St.Journal, (t) NYTimes or (g) Bos.Globe (archives):
    1. "if I knew then what I know now about what kind of situation we would be in, I would have opposed the war": conservative Wm. F. Buckley (7/03 g.A11) - hey, lotsa people figured it out, Bill, looong beforehand, including us - guess the great Wm.F.Buckley aintso smart after all = "don't confuse me with facts, my mind's made up"?
    2. a former Italian journalist lets her politics show - Lilli Gruber, Italy's iconic TV anchor & war correspondent, decided she could no longer put her face on something so biassed & was done with 'news' anchoring, increasingly under the thrall of Italy's billionaire PM, Silvio Berlusconi, whose family owns 3 of the 7 national commercial TV channels (7/03 t.A4) - the dangers of unlimited income & wealth per person intensify
    • Boston-area readers who want real news - try "Radio Free America for Americans" dba *Democracy Now on 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday

    vs. doom du jour tm for lack of timesizing, in j, t, & g (Boston Globe):
  • DOWNsizings, totaling 370 +?? lost jobs reported in Wall Street Journal (j) or NY Times (t):
    1. 370 net jobcuts as Quebecor World Inc. of Montreal cuts & adds jobs around the U.S & 'may' close Stockholm plant with 200 jobs (7/03 t.B4)
    2. unspecified jobs lost as the Judson Grill in teh Equitable Ctr in Midtown Manhattan closes after 10 years in business (7/03 t.A16)
  • DOWNsizing overviews noted in (j) WSJ or (t) NYT or (g) Boston Globe (archives):
    1. US job growth for June of 112,000 shows steep slowdown - recent pace cut in half - below the 150,000 threshold needed for employment to keep pace with population growth & well below the 250,000 forecast - official unemployment stayed at 5.6% (7/03 t.A1) - jobs report puts Bush on defensive (7/03 t.B1)
    2. the sluggish wage recovery - this 'expansion' is not raising wages as much as American families need - impressive productivity growth will make it hard to cut unemployment (7/03 t.A30) = another blow to "technology (+/- followed by downsizing) creates more jobs than it destroys"
    3. bad news everywhere Bush looks - et tu, Lou? Lou Dobbs, oracle of business on CNN, is publicly slamming exporting of American jobs - posts list of corporate culprits on his website - took on head of US Chamber of Commerce, saying outsourcing was inexcusable & bad for country (7/03 g.A11)
    4. disquiet on an American trail - along Lewis & Clark's route, pride in nation mixed with anxiety - union activist G.E. Pierce Jr. believes working-class Americans have been sidetracked by irrelevant noneconomic morality issues pushed by Repubs such as gay marriage, gun control, or abortion - 'never mind if Dems are going to take your guns away, another 4 years of Bush & you can kiss your health insurance & your job security goodbye (7/04 g.A1>23)
  • DOWNsizing results = dysfunctional executive pay:
    1. Disney's chairman, George Mitchell, to receive retainer of $500,000 in stock - fees paid to other board members were raised 44% from $45k to $65k (7/03 t.B4)
    2. how rich is NYC Mayor Bloomberg? so rich he paid his household servants over $250k last year, so rich his city tax bill alone topped $500k, so rich he gave $135.6m to charity (7/03 t.A16)
  • work-linked suicide stories (archives):
      angry 21-year-old worker whose job was recently terminated (1st-name Elijah) strode into cafeteria of ConAgra Foods meatpacking plant in Kansas City, Kan., with 2 handguns yesterday afternoon, shot 4 to death, wounded 3, then killed self as police moved in (7/03 t.A10)
  • headlines from hell (tm) from (j) Wall Street Journal or (t) NY Times or (g) Boston Globe (archives):
    1. expendable women - uglier aspect of Bush's assault on women's reproductive rights is his undermining of UN Population Fund based on false charge it supports forced abortions in China (7/05 t.A18)
    2. a new respect for Reagan? - his secret, illegal sale of weapons to Iran & illegal transfer of profits to Nicaraguan contras - his visit to Bitburg, burial place of Hitler's storm troopers - his harm to our environment, poor stewardship of our national parks, efforts to destroy unions including airtraffic controllers', avoidance of AIDS crisis, & worst, his monstrous national debt: Lois Erwin of Waldwick NJ (7/05 t.A18) - but not as bad as Bush...
    3. Wm.F. Buckley's, & Bush's, radical conservatism = individual freedom (unless you want an abortion or to marry same sex), danger of too-powerful gov't (unless you believe in new internal attack on civil liberties or external attack on sovereign nations), free market (unless you're wealthy & want taxbreak), fighting communism (McCarthyism & Vietnam again?), religious faith (even if you want to unseparate church & state): Edward Adelman of Acton MA (7/05 g.A10)
    4. Ben Robbins of L.A. questions Paul Krugman's reference to current 'crisis of American democracy' (7/05 t.A18) - wake up, Ben: former FBI translator Sibel Edmonds is fighting retroactive classification of information, which has all the same legal dangers as the spectral evidence of the Salem witch trials & can be used to gag or 'vanish' anybody - already our 'courageous' congressmen are avoiding talking about the details for fear of overstepping 'legal' bounds (7/05 g.A1>5) - click for details

    weekend roll-up -

    5 issues/wk - wk's avg homepage hits/issue: 65
    hope of the weektm from the WSJ & the NYT:
    22 TIMEsizing items   • 3 UPsizings (150+ new jobs) 
    + bogus hope: • 10 makework items (?? new 'jobs')

    vs. doom of the weektm from the WSJ & the NYT:
    • 8 DOWNsizings, over 1208 jobcuts   • 2 bankruptcies  
    • 4 eroding-retirement stories   • 1 homelessness story   • 4 prison stories   • 1 workplace-death story

    ytd = 6-mon roll-up, jan-jul.5/2004, based on WSJ & NYT:
    470 timsizngs (1636+ new or sav'd jobs) + 83 upsizngs (91331+ new jobs) + 223 makwrk (36803+ 'jobs') =
    tot: 129770 = 42% of cuts, VS. 254 dnsz (306901+ cuts) + 106 bnkrp ($416m+) +26 homlss +94 jail +17 deth

    + 6-mon roll-up, jul-dec/2003, based on WSJ & NYT:
    600 timsizngs (8065+ new or sav'd jobs) + 59 upsizngs (71072+ new jobs) + 146 makwrk (246543+ new 'jobs')
    total 325680 = 45% of cuts VERSUS 302 dnsz (727704+ cuts) + 177 bnkrp ($2.5B+) + 15 homlss + 61 prisn + 24 kills

    fiscal-year roll-ups
    = 12-mon roll-up, based on NYT & WSJ, jul/2003-jul.5/2004, our 5th year of tracking:
    1070 timsizngs (9701+ new or sav'd jobs) + 142 upsizngs (162403+ new jobs) + 369 makwrk (283346+ 'jobs')
    total 455450 = 44% of cuts VERSUS 556 dnsz (1034605+ cuts) + 283 bkrp ($2.9B+) + 41 homlss + 155 prisn + 41 kills

    cf. 12-mon roll-up, based on NYT & WSJ, jul/2002-jun/2003, our 4th year of tracking:
    500 timsizngs (95320+ new or sav'd jobs) + 113 upsizngs (84494+ new jobs) + 30 makwrk (242400+ 'jobs')
    total 422214 = 38% of cuts VERSUS 829 dnsz (1104731+ cuts) + 271 bkrp ($76.3B+) + 52 homlss + 74 prisn + 51 kills

    cf. 12-mon roll-up, based on NYT & BG, jul/2001-jun/2002, our 3rd year of tracking:
    512 timsizngs (440+ new or sav'd jobs) + 171 upsizngs (197440+ new jobs) + 8 makwrk (?? 'jobs')
    total 197880 = 11% of cuts VERSUS 1112 dnsz (1720954+ cuts) + 160 bkrp ($43.3B+) + 62 homlss + 68 prisn + 27 kills

    cf. 12-mon roll-up, based on NYT & BG, jul/2000-jul.1/2001, our 2nd year of tracking:
    172 timsizngs + 131 upsizngs (68125+ new jobs) + 7 makwrk (100,000 new 'jobs'), total 168125 = 15% of cuts
    VERSUS 1061 dnsz (1098218+ cuts) + 1835 takovr ($1377B) + 257 bkrp + 19 homlss + 51 prisn + 22 suic

    cf. 12-mon roll-up, based on NYT & BG, jul/1999-jul.2/2000, our 1st year of tracking:
    12 timsizngs(?? new or sav'd jobs) +133 upsizngs(104944+ new jobs) +152 untak(>$110B), total 104944 = 14% of cuts
    VERSUS 559 dnsz (733534+ jobcuts) + 2524 takv ($2616B) + 136 bkrp + 7 homlss + 24 prisn + 11 suic

    7/02/2004 friday - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 712 textfiles: # visitors yesterday 7/01/thu: 710 (7/03/2003/thu: 795)

    TIMEsizing awareness, but three setbacks from GoogleNews:

    1. J.P. Morgan Chase raises its workweek from 35-37½ hours to 40 to align with recently taken-over troglodyte, Bank One
    2. France's center-right government led by Finance Minister Nicolas "Sarcophagus" Sarkozy steps up pressure to push 35-hour workweek back up
    3. more huge overblown media frenzy for the one small case of workweek expansion in Germany by Siemens
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. UPsizings, totaling 150 +?? new jobs -
      • 150 new jobs as Fleetwood Enterprises opens motor-home plant in Ga. in Aug. (t.C3)
      • unspecified new temp jobs at polls - election aides see teens as capable in languages, technology (j.A4)
    2. Europe's central bank declines to follow US Federal Reserve (t.W1) - & why on earth should it?
    3. Washington wire: new WSJ/NBC News poll (j.A4) -
      • 60% of voters say the Iraq war increased Middle East violence
      • 55% believe US military leaders in Iraq or officials in Washington played a role in Abu Ghraib abuse & torture
      • a plurality disapproves of Bush's economic stewardship - Kerry's 'middle-class being squeezed' outpolls Bush's 'economy is getting stronger' by 65% to 35%
      • Cheney's approval falls slightly to 40% after he curses Dem critic on Senate floor
      • 52% of moderates oppose constitutional amendment barring same-sex marriage
      • rating of Nancy Reagan's support for stemcell research vs. Bush jumped to 70%
      • 54% of ages 50-64 disapprove of GOP Congress' performance
      • women want Dems to control Congress next year by 48% to 38% (men only 40% to 47%)
      • only 33% of moderates think Bush 'compassionate enuf to understand average people'
    4. Michael Moore's public service = presents true stories that people should have heard from 'respectable' media, which haven't been doing their job - pundits who uncritically swallowed Bush's use of association & innuendo now criticize Moore's use of same devices (t.A19)
    • Boston-area readers who want real news - try 90.3 FM 12-1pm Mon-Sat and 6-10am Sunday for "Radio Free America for Americans" dba *Democracy Now
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
    1. Hussein, in jail, reportedly said little of value in 7 months of questioning except to describe Kuwait attack as effort to keep army busy (t.A1) = makework for military
    2. landlocked Mongolia's seafaring tradition - worldwide shippers buy lax regulation - not a drop of salt water touches Mongolia, but many ships fly its flag of convenience (t.W1) - & should be banned from all safety & security-conscious ports

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. Centrica PLC is selling its Automobile Assoc. unit to CVC Capital Partners & Permira Advisers for (£1¾B) $3.18B (j.B4)
    2. Charles River Laboratories International Inc. buys Inveresk Research Inc. for $1.5B (t.C3)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 500 jobcuts, made it into j (WSJ) or t (NYT):
      400-500 jobcuts countrywide as Maxtor Corp. hard disks over-reacts to $20-30m Q2 loss instead of just trimming its corporate workweek & keeping its skill set, morale & markets intact (t.C5)
  • CEOs constantly UPsize their own pay, perks & pensions, to economy-starving levels:
    1. Greenspan's wealth barely changed in '03 - salary is $171,900 a year - portfolio value is between $3m & 6.4m - investment income (unearned) is between $43k & 102k (j.B2)
    2. UK supermkt chain J. Sainsbury PLC's chairman Peter Davis quits after receiving heavy criticism from investors over his £2.4m ($4.4m) bonus award in May shortly after firm scrapped Xmas bonus arrangement for all employees in response to poor results (j.B4, t.W1) - insulated, isolated, no common sense
  • CEOs DOWNsize everyone else’s retirement (archives):
    1. United Airline's pensions are on increasingly shaky ground - who will draw the short straw? (t.C1) - employees, of course
    2. a mixed decision for Connecticut on pension loss - jury found in favor of state's pension fund in its suit against Forstmann Little buyout firm which invested $125m of state pension fund money in 2 telecom firms that failed, but jury refused to award the state any damages (t.C1)
  • DOWNsizing results = bankruptcies (archives):
      Cornerstone Propane LP et al. in Chapter 11 jointly (j.B6)
  • DOWNsizing results = more prison inmates (archives):
    1. US Army report criticizes training & practices at detention centers - jailers in Afghanistan & Iraq found to be ill-prepared (t.A9)
    2. treatment of prisoners - abuse of Iraqis pales in comparison with how we abuse our own incarcerated citizens, with regular occurrence of rapes, assaults & deaths - our $40B 'correction' system is badly broken & failing us at an enormous cost in tax money & danger to society: Geraldine Green of Toms River NJ (t.A18) - think she's exaggerating? check out the following...
    3. lawyers sue over tapes with detainees - say secret recordings are unconstitutional - in fall 2001, Legal Aid lawyers were alarmed to see video cameras on walls of room where they met with clients in federal detention center in Brooklyn NY - prison officials assured them the cameras were turned off, but the cameras were running, in violation of federal law & prison policy (t.C11)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. online today - macro investor: two new report suggest deficit growth will outpace projections by trillions, & Steve Liesman urges debate on fiscal prudence (j.A1)
    2. Bush appeal to churches for re-election help raises hornets' nest - Bush is trying to draft evangelicals into turning their churches into campaign HQs without violating campaign finance laws or risking tax-exempt status - wants church directories sent to Bush campaign & parties held for Bush (t.A15) - this is nonpartisan? - compare: Bush camp's outreach hit by church groups - "I'm appalled that the Bush-Cheney campaign would intrude on a local congregation in this way": Richard Land, president of Southern Baptists' Ethics Commission (7/03 boston globe.A2)
    3. economic justification of free trade = by lowering prices, it increases people's ability to consume: Prof. Donald Boudreaux of Geo.Mason U. Economics (j.A11) = pretty partitioned thinking, when free trade is converting higher-paid jobs into lower-paid jobs, funneling national income to top brackets in developed economies & thus decreasing people's ability to consume

    7/01/2004 canada day - ‘hope isn't a plan’, but we have a plan
    - want the Timesizing ‘take’ on some issue or event? email us -
    - we have 712 textfiles: # visitors yesterday 6/30/wed: 838 (7/02/2003/wed: 788)

    TIMEsizing awareness = strategic sharework (vs.makework) from GoogleNews:

    1. South Korea today begins phased implementation of 4-hour reduction in workweek from 44 to 40 hours with companies of 1000 or more employees
    2. video game programmer sues Vivendi Universal Games in L.A. Superior Court on Monday for regularly forcing himself & colleagues to work extra hours without overtime pay = one of many similar suits filed in Calif. in recent months
    3. 20% of UK employers work 14 hours a week of unpaid overtime
    4. yet still they dont' have the sense to get behind the EU's 48-hour workweek limit
    5. so the UK is still fiddling around instead of sharing the vanishing work & rebuilding its weakening consumer base
          •      click here for details
    + random glimmers of hope prioritizing today's (j) Wall St Journal or (t) NYTimes (archives):
    1. even a wartime president must obey the law: Lawrence Tribe (j.A14) - torture violates our American principles (j.A15) - Albert Hunt takes on the failed Iraq policy which increased public mistrust of the pResident (j.A14)
    2. new WSJ/NBC poll puts Bush down to 45% job approval matching Gerry Ford's in 1976 - only survivor of rating that low was Truman in 1948 - months of setbacks [ie: ideologically driven, unnuanced errors] erode support (j.A4)
    + clouded hope: UPsizing gov't (and private-sector) inefficiency = makework (archives) vs. sharework, creating unspecified new ‘jobs’:
      independent auditor BDO Seidman LLP resigns, cites accounting weaknesses at Harken Energy Corp. - 'inability to determine appropriate accounting for nonroutine securities transactions' (j.C16) = money-laundering at Bush Jr.'s old company?

    vs. doom du jour tm for lack of TIMEsizing - in WSJ (j) and NYT (t) -

  • CEOs simulate UPsizing thru takeovers on a diversity-choking scale - (mega & banking archives):
    1. Kohlberg Kravis Roberts & Co. bought German car-part retailer Auto-Teile-Unger Holding AG for $1.75B (j.C16)
    2. First Republic Bank buys private asset mgmt division of Janus Capital's Bay Isle Financial unit for $8m (j.B3)
          •      after takeovers, usual next step (cumulatively lethal) = downsizing
  • CEOs are DOWNsizing the workforce - today's total, 165 +?? jobcuts, made it into j (WSJ) or t (NYT):
    1. 95 technical & commercial jobcuts by Lubrizol Corp. of Wickliffe OH (t.C4)
    2. 70 jobcuts at Grand Rapids MI plant by Leica Geosystems of Heerbrugg, Switzerland (t.C4)
    3. unspecified cuts as Caraustar Industries Inc. of Austell GA closes folding-carton plant in Charlotte NC & plastics plant in Georgetown KY (t.C4)
  • and finally, general headlines from hell, noted in j (Wall St. Journal) & t (New York Times) (archives):
    1. program trading on Big Board sets records = purchase or sale in single transaction of group of 15 or more stocks valued at $1m or more = 50.2% of total NYSE volume 4/01-6/18, compare 43% in Q1 & 40% in all of last year (j.C16)
    2. mental ills rise among soldiers back from Iraq (j.B1) - strains shown in 17% of US combat forces (boston globe.A1)
    3. health coverage in US slips in total - percentage of working-age Americans ages 18 to 64 without health insurance rose from 19.1% in 2002 to 20.1% in 2003 = about 46 million uninsured now officially acknowledged, after using 43m figure since 11/20/2000! (j.D4)


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    For more details on the work-sharing approach, see our layman's guide Timesizing, Not Downsizing which is available at bookstores in Harvard Square, Cambridge, Mass. or from *Amazon.com online.

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


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