Boom benefits wealthy few instead of masses The biggest...


January 09, 2000

Boom benefits wealthy few instead of masses

The biggest threat to continued economic well being in 2000 is not the Y2K bug, but Alan Greenspan and the Fed. In an economic world that he does not comprehend, Mr. Greenspan will continue to raise interest rates until recession follows. All this so he can return to an economic model he understands.

Inflation is low, wage demands small, and productivity is up. Medical expenses are soaring, energy prices are sky rocketing, and interest rates are ever rising. Every indicator shows a strong and robust economy.

It is a self-fulfilling prophecy that wages will have to eventually rise to meet these Greenspan-induced cost-of-living increases.

Why work for 4-percent wage increases when expenses and interest rates quickly take your minor reward? Where is the promise that as deficits decreased, Americans would see interest rates decrease as well? Greenspan and his cohorts are out of touch and we will soon pay dearly for their miscalculations.

When Mr. Greenspan finally succeeds in creating his recession, the destruction of the middle-class in America will be complete.

Their debt service will bankrupt them and make them permanent members of the working poor.

It will then be easier for corporate America to exploit workers with low wages, terrible benefits, and substandard working conditions when employment options vanish.

Alan Greenspan will help usher in the new world order of "haves" like him vs. everyone else. I hope he enjoys his legacy.

Alan McAllister

Severna Park

Be smart about recycling

I am writing concerning Laura Sullivan's article in The Sun's Jan. 2 Anne Arundel section ("Paper trash goes to waste." )

I try to be very conscientious about following the rules of recycling. We are to put our paper for recycling in paper bags or tie them securely with string.

I notice many people put their paper out in plastic bags and once, when I had nothing else available, I used a plastic bag.

The recycling employee servicing my house just put the whole bag of paper in my trash can. I was dumbfounded.

Had he left it in the recycling bin, I would have put it out the following week in a paper bag. I was so disgusted, I just left it there.

So, perhaps the recycling company (BFI) is somewhat at fault for the amount of recycling put in the trash and, therefore, going to the landfills.

I doubt that I am the only one who has had this happen. How many people would even notice it?

Bernadette Simon


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