Layoffs will continue.In a speech at the House Committee on Financial Services, FED President Alan Greenspan said Wednesday the US needs to acquire sustainable development in a low inflation environment in the upcoming months adding that this can be possible with gradual increase of interests. Acknowledging that the country has a potential for strong growth in the next period as well Greenspan said there are some ambiguities in the economy that should be taken seriously such as the increase in energy prices, the pressure of the increase in workers' salaries and the possible movements in the long-term interests' threatening the real estate sector.
WorldCom crooks' sentencing delayedEven as Kodak speeds down the digital-photo highway, the picture-taking pioneer is struggling to cope with a sharper-than-anticipated drop in demand for conventional film - its cash cow for the last century. Its solution: Dump 10,000 more employees.
And Ken Lay is still a free man.Federal judge Barbara Jones delayed the sentencings of five former WorldCom execs and accountants who pleaded guilty in the record $11 billion fraud at the company.
The sentencings, originally set for dates between July 25 and Aug. 4, were rescheduled for between Aug. 5 and Aug. 11. There was no immediate explanation for the change.
The five cooperated with the government in its case against ex-CEO Bernie Ebbers, who was sentenced last week to 25 years in prison for overseeing the fraud.
....but hey, do what you want....you will anyway.
No comments:
Post a Comment
Comments are moderated. There may be some delay before your comment is published. It all depends on how much time M has in the day. But please comment!