-Caveat Lector-
And the kings of the earth, who have committed
fornication and lived deliciously with her, shall
bewail her, and lament for her, when they shall see
the smoke of her burning, 10 Standing afar off for the
fear of her torment, saying, Alas, alas, that great
city Babylon, that mighty city! for in one hour is thy
judgment come. 11 And the merchants of the earth shall
weep and mourn over her; for no man buyeth their
merchandise any more: 12 The merchandise of gold, and
silver, and precious stones, and of pearls, and fine
linen, and purple, and silk, and scarlet, and all
thyine F29 wood, and all manner vessels of ivory, and
all manner vessels of most precious wood, and of
brass, and iron, and marble, 13 And cinnamon, and
odours, and ointments, and frankincense, and wine, and
oil, and fine flour, and wheat, and beasts, and sheep,
and horses, and chariots, and slaves, F30 and souls of
men. 14 And the fruits that thy soul lusted after are
departed from thee, and all things which were dainty
and goodly are departed from thee, and thou shalt find
them no more at all. 15 The merchants of these things,
which were made rich by her, shall stand afar off for
the fear of her torment, weeping and wailing, 16 And
saying, Alas, alas, that great city, that was clothed
in fine linen, and purple, and scarlet, and decked
with gold, and precious stones, and pearls! 17 For in
one hour so great riches is come to nought. And every
shipmaster, and all the company in ships, and sailors,
and as many as trade by sea, stood afar off, 18 And
cried when they saw the smoke of her burning, saying,
What city is like unto this great city! 19 And they
cast dust on their heads, and cried, weeping and
wailing, saying, Alas, alas, that great city, wherein
were made rich all that had ships in the sea by reason
of her costliness! for in one hour is she made
desolate.
hmmmmmmm....
agentprovocateurus ;oD
<>< <>< <>< <>< <>< <>< <>< <>< <>< <><
--- flw <[EMAIL PROTECTED]> wrote:
> -Caveat Lector-
>
> Let see.
> Japan; Germany (Europe); South America (Argentina,
> Venz. Mexcio)
> all going bad...but the good ole USA to stay
> healthy?
>
> I don't think so.
>
> The bubble is slowly bursting.
> flw
>
> Downturn in Economy Deepens Across Mexico
> Layoffs hit virtually all sectors and imperil social
> reforms promised by Fox
>
http://www.latimes.com/news/nation/updates2/lat_mexecon010701.htm
>
> By CHRIS KRAUL, Times Staff Writer
>
> Mexican yam wholesaler Mayer Zaga has cut prices on
> his products. "This is a crisis, whether we
> understand it
> or not," he says.
> CHRIS KRAUL / Los Angeles Times
>
> SAN ANDRES OCOTLAN, Mexico--From farms and
> automotive plants on the outskirts of Mexico City to
> the
> industrial heartland of Monterrey and the wineries
> and electronics firms in Tijuana and Guadalajara,
> signs are
> that this nation's recession is becoming more
> entrenched.
> Every day, another big company or industry is
> hit by layoffs, the most recent being the pivotal
> steel
> industry, where hundreds last week received pink
> slips. Even the maquiladoras--the factories on the
> border
> with the U.S. that have been jewels of Mexican
> economic development--are feeling pain as never
> before.
> Tenant farmer or textile magnate, there is no
> shortage of victims who could be overwhelmed by the
> spreading recession. The hard times increase fears
> of social unrest as well as the prospect of illegal
> immigration, which could lead to more people dying
> in risky border crossings. With the U.S. facing its
> own
> economic troubles, more economic refugees won't be
> greeted with open arms.
> The most prominent victim may be President
> Vicente Fox, whose ambitious plans to transform
> Mexican
> society require a good economy. A reform candidate
> whose election last year ended the 71-year rule of
> the
> Institutional Revolutionary Party, Fox swept to
> power by promising to boost prosperity, add 1.3
> million new
> jobs in his first year and create more social
> programs to address grinding poverty and inequality.
> Although still enormously popular, Fox has
> reason to be concerned. A failure to deliver new
> jobs and
> prosperity will weaken him politically and hinder
> efforts to carry out a bold slate of reforms ranging
> from
> boosting the rights of indigenous peoples to
> overhauling the judicial and tax systems.
> The worsening times have farmers such as
> Rodolfo Hernandez in a bind. Corn, carrot and lima
> bean prices
> are sinking while the costs of diesel fuel and
> fertilizer are rising. All he expects to harvest
> from his
> 25-acre farm here 40 miles southwest of Mexico City
> are headaches and big losses.
> "In the past, at least there was movement,
> equilibrium. Now, there are no buyers at all," said
> Hernandez,
> 40.
> Times have become so brutal, he said, that his
> younger brother Antonio, an out-of-work tailor,
> illegally
> emigrated to Washington state, where he quickly
> landed a job in construction. Rodolfo said he may
> follow if
> things don't turn around soon. Antonio "knows the
> risks, but in spite of all that he went with seven
> others
> from the town."
> Also alarmed is businessman Mayer Zaga, who has
> lowered prices by an average 17% on the fabrics,
> threads
> and apparel produced by his company, Zagis SA. He
> said his goal is to avoid having to lay off any of
> the 3,000
> workers at his multimillion-dollar firm, the
> country's largest yarn wholesaler.
> "This is a crisis, whether we understand it or
> not," Zaga said as he surveyed the gray-and-green
> ranks of
> looms on the floor of his factory in Tepeji del Rio
> in Hidalgo state, 50 miles north of the capital.
> Mexico dipped into recession late last year,
> and figures are likely to show the nation having
> continued
> to be mired in one at least through the second
> quarter of this year, which ended Saturday,
> according to
> Ciemex/Wefa economic consultants of Philadelphia.
> Mauricio Gonzalez, a director at GEA business
> consultants in Mexico City, said disappointment
> could run
> deep because of heightened expectations after Fox's
> election.
> "Everyone was going to be happy and
> entertained. Now there is no party," he said.
> "People are now
> realizing it's not going to be as good as they
> thought and that maybe [the recession] will affect
> them
> personally."
> Fox had counted on a recipe of free trade and
> his own businesslike efficiency to rev up Mexico's
> economic
> performance, generating enough income to help the
> government carry out sweeping new initiatives in
> health
> coverage and education. But tax collections have
> declined along with the economy, dropping an
> alarming 7% in
> May from the same month last year. The Finance
> Ministry is expected to soon announce a second round
> of
> spending cuts.
> Instead of all the new jobs he had promised
> during the grueling election campaign, Fox has seen
> the loss
> of 200,000 jobs so far this year--and will be lucky
> to end the year with as many workers as he started
> with in
> January. Economist Rogelio Ramirez de la O of
> Ecanal, a Mexico City consulting firm, thinks that
> the job base
> could shrink by as much as 700,000. That would leave
> Fox 2 million jobs short of his promised 1.3 million
> new
> jobs.
> "Fox will be under pressure in the coming
> months as the economy deteriorates and as people
> present him
> with his promises," said Raul Feliz, a
> macroeconomist at the independent Center for
> Economic Research and
> Teaching in Mexico City.
> Feliz predicts "net zero to negative" growth in
> new jobs and sees serious political problems ahead.
> "Lower economic development makes everything more
> difficult," he said.
>
> Duration of Downturn Out of Fox's Control
> It was bad news like this that finally forced
> Fox in mid-June to admit for the first time that
> Mexico was
> in a recession and that he would probably miss his
> economic targets.
> "We need to go to the Basilica and pray to the
> Virgin of Guadalupe" for a speedy economic recovery,
> Fox
> joked to reporters. But it was a rare moment of
> levity. He is said by associates to be extremely
> worried about
> the political fallout if the recession drags on.
> That the recession's duration and severity are
> out of his hands is adding to Fox's frustration. The
> duration of the U.S. slowdown is the determining
> factor because a quarter of all Mexican goods and
> services is
> sold in the United States.
> Since the U.S. recovery is an open question, so
> is Mexico's. The reliance on the U.S. economy, which
> a
> few years ago shielded Mexico's economy from foreign
> contagion, is now a handicap.
> "Mexico was not that deeply affected by the
> 1997 Asian crisis because of its U.S. exports.
> Today,
> however, the alliance with the U.S. economy is
> playing the other way and Mexico has to hang on,"
> said Carlos
> Janada, a Wall Street economist specializing in
> Latin America.
> U.S. immigration officials also have reason to
> worry. If historical patterns hold up, a prolonged
> Mexican
> recession will generate more illegal immigration at
> a time when jobs are increasingly scarce on the
> other side
>
=== message truncated ===
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