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Thursday, April 25, 1996

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  • U.S. Layoffs

    U.S. firms that announced layoffs of 3000 or more in 1995. The study found that CEOs of these corporations receive higher compensation than executives at companies that don’t slash their workforce, that Wall Street rewards downsizing, and that the CEO make big bucks by cutting their labor force because the value of their stock options skyrocket.

  • Economy and the Clinton Campaign

    Meanwhile, this week, President Clinton’s Council of Economic Advisors released a report showing that the economic picture is actually better than Americans believe, that the effects of downsizing have been overstated. The report presents Clinton with a dilemma: should his campaign focus on this rosy news or appeal to voters real concerns about the economy? JOSEPH STIGLITZ, Chairman of the Council of Economic Advisors. AFL-CIO’S ELECTION STRATEGY. Pacifica National Affairs Correspondent Larry Bensky caught up with Steve Rosenthal, the Political Director of the AFL-CIO to talk about the labor federation’s big plans in the 1996 elections.

  • Luddites United!

    Last week, several hundred Luddites held a national convention. Luddites are people who reject technology, who believe that technological modernization is detrimental to the environment and our way of life.