Monday, March 15, 2004


Turn, turn, turn

In the early 1990s, corporations "re-engineered" by reducing jobs; as a rule, their stocks went up in response. AT&T management watched this, perhaps for too long, and eventually made a highly publicized 40,000 job cut in 1996. It was too late. Times had changed. The backlash set in. AT&T became a poster boy for corporate insensitivity, the stock slid and curtains closed on Chairman Bob Allen's regime.

Compare today's news on Spain with reactions to earlier bombings.

I grieve for the innocent victims of Spain's train bombings. And for recent civilian victims of bombs in Iraq, Israel & Palestine, Russia, Pakistan, Iran . . . not to mention the United States . . . have we reached a tipping point?

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