The article that Steve sent reminds me about how much I would like to see us to changing nature of risk. I already mentioned in an earlier note the importance of how workers are absorbing more of the risk of economic fluctuations. Corporations, including financial corporations, are getting more sophisticated in fobbing risk off on to others, including relatively unsophisticated public agencies.
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]