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                 BARRON'S                                                                   October 7, 2003

MARKET      WATCH

A Sampling of Advisory Opinion

Press Clipping

               Benson's Economic & Market Trends

                "The Cruel Economic Recovery"

Oct 7    Now that Levi Strauss will no longer be making blue jeans in the United States, I can't help but recall the old days when our exports of blue jeans, rock and roll, and Hollywood movies helped American culture to make the world a better place.  Now, sadly, blue jeans are an import, while music, films and computer software are copied for free in Asia.  In addition, this week U.S. auto manufacturers have signed labor contracts permitting them to shut down 10 auto and parts plans (remember when Stalin was afraid of Detroit because of what it could produce?).  The U.S. now only produces 45% of the manufactured goods it consumes.  In September, manufacturing jobs declined for the 38th month in a row, and weekly earnings dropped for the first time in 14 years.  Other facts also show that this economic recovery is both "cruel and unusual:"….Personal bankruptcies remain above 30,000 a week…The poverty rate has been rising significantly, as well as the number of people who can not afford health-care coverage…..                                      - RICHARD BENSON