> I hope you're not saying that "it's a Turkish thing; > you wouldn't understand it."
More like "it's a Turkish thing: you couldn't pronounce it." :-) I would confess to be unsure about what Sabri's point actually is, but then I realised that this gives me a wonderful opportunity to put words into his mouth and rely on the time zone to avoid being called on it. But I think that there is certainly a question of what we are trying to measure using the unemployment rate and whether it is the sort of thing that better statistics are going to help us with. If we're interested in the extent to which job insecurity is affecting peoples' lives, giving them erectile dysfunctions and shortening their lifespans, or it (to be a bit less resolutely grim) we care about the extent to which unemployment is restraining workers' militancy in demanding higher wages or for that matter provoking revolutionary sentiment, then it's not obvious to me that moving between the ILO, official US and adjusted US definitions is going to help us. Or to put it another way, I'm worried about my job and so is everybody else, so the very fact that the statistics are telling us that employment is holding up and remaining robust, suggests that there's something funny about that statistic, whether or not it is in fact describing the reality it purports to describe. ach, these are only tuesday morning thoughts, pre my first cigarette, and should be discounted as such. ___________________________________________________ Email Disclaimer This communication may contain confidential or privileged information and is for the attention of the named recipient only. It should not be passed on to any other person. Information relating to any company or security, is for information purposes only and should not be interpreted as a solicitation or offer to buy or sell any security. The information on which this communication is based has been obtained from sources we believe to be reliable, but we do not guarantee its accuracy or completeness. All expressions of opinion are subject to change without notice. All e-mail messages, and associated attachments, are subject to interception and monitoring for lawful business purposes. (c) 2002 Cazenove Service Company or affiliates. Cazenove & Co. Ltd and Cazenove Fund Management Limited provide independent advice and are regulated by the Financial Services Authority and members of the London Stock Exchange. Cazenove Fund Management Jersey is a branch of Cazenove Fund Management Limited and is regulated by the Jersey Financial Services Commission. Cazenove Investment Fund Management Limited, regulated by the Financial Services Authority and a member of IMA, promotes only its own products and services. ___________________________________________________
