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Notes From the Global Recession.(Brief Article)

Newsweek International

| September 10, 2001 | COPYRIGHT 2001 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Whither the global economy? No one's quite sure, but it's getting messy. With neither rhyme nor reason, PERI offers the week's offbeat Recession Watch.

PLEASE HOLD: Nigeria's telecommunications giant, NITEL, cut off all police hot lines in Lagos. (But it was ever so nice of them to leave the extreme-emergency number 991 connected.) It appears the boys in blue--and a few other government departments--owe NITEL nearly $80 million in phone bills.

DRUG BUST: The U.S. State Department delayed plans to expand its South American drug war, after Ayres Corp. (the manufacturer that supplies spraying planes used over Colombia) shut down its assembly lines.

PAPER JAM: At Xerox's annual meeting, shareholders were ...

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Source: HighBeam Research, Notes From the Global Recession.(Brief Article)

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