CONTACTS 

SUBJECTS
Recession Reduced Earnings Stock Prices Decimated
Steepest Decline for 3rd Quarter Since 1991
Recession Steepest Fall Since 1991
Jobs Losses Worst in 2 Decades

3406 -    ..
3407 - Summary/Objective
3408 -
340801 - Follow up ref SDS A8 0000, ref SDS A6 0000.
340802 -
340803 - Reuters reported today the United States shed a staggering 415,000
340804 - jobs in October, the most in two decades, ref OF 10 0001, as the
340805 - attacks on 010911 ripped into an economy. ref SDS A7 0001
340806 -
340807 - Unemployment shot up half a percentage point to 5.4 percent in October
340808 - from 4.9 percent in September -- the highest in nearly five years
340809 - since a matching 5.4 percent rate in December 1996. ref OF 10 5Y6I
340810 -
340811 - "We clearly are now in the throes of nasty recession," said economist
340812 - Bill Cheney of John Hancock Financial Services Inc. in Boston.
340813 - "Nothing dampens consumer confidence and spending like job losses,
340814 - even if you aren't the one losing your job." ref OF 10 4I7N
340815 -
340816 - President Bush said shortly after the data came out that there was
340817 - rising urgency for lawmakers to approve broadbased measures to boost
340818 - activity. A package is currently working its way through Congress but
340819 - progress has been slow amid partisan bickering. ref OF 10 5K8L
340820 -
340821 - Increases worry economy is in a recession, following prior reports....
340822 -
340823 -    Too many people having too many problems...001207, ref SDS 89 V54M
340824 -    Productivity falls 1st time in 5 years.....010509, ref SDS 99 0001
340825 -    Labor cost rise steepest in 6 yeas.........010605, ref SDS A0 0001
340826 -    Stock prices fall poor earnings............010705, ref SDS A4 0001
340827 -    Economy steepest decline since 1991........011031, ref SDS A8 0001
340828 -
340829 - Reflects implosion of management described in NWO. ref OF 5 TQ4O and
340830 - ref OF 5 7501
340831 -
340832 - Andy Grove reports in his book Only the Paranoid Survive improving
340833 - management is like walking through the valley of death, reviewed on
340834 - 980307. ref SDS 57 1660
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