TIP: Click on subject to list as thread! ANSI
echo: horses
to: VICKI NICHOLS
from: BOB KOHL
date: 1996-12-16 04:10:00
subject: Re: Test?

> Don't know why.  Maybe it's the fact that Allied-Signal has about
> 12,000 employees here and they have MANY government contracts.  And they
> contract out a LOT of their machine work any more.  It used to be called
> AiResearch, then Garrett Corp.; maybe you know who they are.  And I am
> SURE that much of the work is because Allied Signal pays very well and it
> is cheaper to contract it out than to hire new people.  My dad worked
> there as a CNC machinest (years ago he ran a J&L Combi) and left my mom
> pretty well off in terms of land and money in the bank.  (He trusted no
> other investments but land and CD's....the money kind.) And they sent us
> girls to college for at least four years each; my sister has a doctorate.
 
At the same time the Ca economy is in trouble due to the diownsizing of the 
defense budget and the consolidation of the defense industries.. we've lost 
Lockheed, Hugh's, North American and several others. Northrup is downsizing 
due to lost contracts.. and Boing and M-D is merging.. more loses for Ca.
 
A big part of Ca's economy was defense..  
So while you've seen stability.. we've seen the worst of it.
 
 
                                   BK 
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