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12301 [lbo-talk] new radio product -- rank: 1000

BEHIND THE NEWS with Doug Henwood podcast: <http://shout.lbo-talk.org/lbo/radio-feed.php> iTunes: <http://phobos.apple.com/WebObjects/MZStore.woa/wa/ viewPodcast?id=73801817> "Best Music on an Economics & Politics Radio Show" Village Voice Best of NYC 2005 Just added to my radio archive <http://www.leftbusinessobserver.com/ Radio.html>: August 16, 2007 SUNGUR SAVRAN on Turkey * DEAN BAKER on the housing bust August 9, 2007 PETER SPIEGELMAN, editor of Wall Street N ...

Document Size:	11793
Author:	Doug Henwood
Date:	Wed Aug 22 11:29:40 PDT 2007

12302 [lbo-talk] borrowing as a public service -- rank: 1000

[This is a little odd: we're borrowing from the discount window to show it's ok? Not because we're strapped for cash and don't want to say that lest we scare the hell out of everyone? According to the FT, Deutsche Bank did a similar thing last Friday, and for similar reasons.] NEWS ALERT from The Wall Street Journal Aug. 22, 2007 Four major U.S. banks said they have each borrowed $500 million from the Federal Reserve's discount window, becoming the first to say they have taken advantage of ...

Document Size:	5856
Author:	Doug Henwood
Date:	Wed Aug 22 10:21:42 PDT 2007

12303 [lbo-talk] wanna feel old? -- rank: 1000

<http://blogs.wsj.com/informedreader/2007/08/21/the-world-that-18- year-olds-inhabit/> August 21, 2007, 6:07 pm The World That 18-Year-Olds Inhabit Each year, Beloit College in Wisconsin prepares a list to help teachers understand the mindset of incoming freshman. The list offers a surprisingly precise measure of the generation gap by demonstrating how the changes and events that defined the lives of a generation might barely have registered with their children or grandchildren. Some ...

Document Size:	10308
Author:	Doug Henwood
Date:	Wed Aug 22 08:08:57 PDT 2007

12304 [lbo-talk] Cornel explains it all -- rank: 1000

<http://www.villagevoice.com/music/0734,selah,77552,22.html> Ebony and Imus Cornel West hangs with Prince and challenges not denounces hip-hop by Makkada B. Selah August 21st, 2007 12:53 PM "There's a white brother named Paul Woodruff singing he sounds better than Robin Thicke!" Princeton University professor Cornel West says excitedly, referring to "Still Here," a single on his new spoken-word CD, Never Forget: A Journey of Revelations. West, the public intellectua ...

Document Size:	12582
Author:	Doug Henwood
Date:	Wed Aug 22 07:56:04 PDT 2007

12305 [lbo-talk] more on house prices -- rank: 1000

On Aug 22, 2007, at 9:43 AM, Jordan Hayes wrote: > Doug and Joanna each live in rent-controlled apartments and love it. > Great for them! I would encourage everyone to find ways to live in > one > of the few places in the US that have rent-control (hey, no one has > piped up from Santa Monica; here's your chance, lucky renter!) and > simply opt out of the market system and get a great deal for > yourselves. > Then when you've got your sweet setup, please tell everyone el ...

Document Size:	5506
Author:	Doug Henwood
Date:	Wed Aug 22 07:47:26 PDT 2007

12306 [lbo-talk] Dems agree, surge working -- rank: 1000

[Amazing that the Petraeus report is likely to come on Sept 11.] <http://www.abcnews.go.com/Politics/TheNote/Story?id=3105288&page=1> August was supposed to be the month that crystallized Democratic opposition to the Iraq war, in time for a fall bipartisan push by Congress. Yet nowhere is the political tentativeness more on display than on the war -- with members of Congress sharing impressions that something is working. "Staking out positions that could complicate efforts to ...

Document Size:	7259
Author:	Doug Henwood
Date:	Tue Aug 21 21:09:16 PDT 2007

12307 [lbo-talk] "Save subprime borrowers, not bloated bankers" by Dean Baker -- rank: 1000

On Aug 21, 2007, at 3:38 PM, ravi wrote: > Was it on your show (about women earning greater than men in NYC, for > certain age groups) that I heard this statistic (about Ivy League > women "opting out"): the median income of families living in > Manhattan is ~ $250,000? Is this true? If so, HOLY CRAP! 50% of > Manhattanites make 5 times what 50% of the rest of the USers make?! No, I think it was the median income of families with toddlers living in Manh is $300k. Ivan i ...

Document Size:	5524
Author:	Doug Henwood
Date:	Tue Aug 21 20:17:17 PDT 2007

12308 [lbo-talk] LBO article on PE -- rank: 1000

Just posted to the LBO website... Private wads: a look at the private equity racket, with an emphasis on Blackstone's uncannily well-timed IPO <http://www.leftbusinessobserver.com/PrivateWads.html> Other recent stuff, accessible from the front page: <http://www.leftbusinessobserver.com> Reflections on the current crisis: the housing bubble bursts now what? Frothing at the house: a view of the housing bubble from summer 2005 LBO turns 20: reflections on what it all means Doug Hen ...

Document Size:	6211
Author:	Doug Henwood
Date:	Tue Aug 21 16:38:17 PDT 2007

12309 [lbo-talk] note from a foreclosure counselor -- rank: 1000

[just got this note from a radio listener] I've been a long time listener to Behind The News - which I love - but needed to say an extra thanks for all of the coverage on housing. I'm a HUD approved foreclosure counselor up in ______________ and over the past 2 years that part of my job has become quite the hell on earth. I have looked forward to Thursday's drive home for some validation that things ain't so great out there! Unfortunately it's getting worse. Used to be I could feel com ...

Document Size:	6433
Author:	Doug Henwood
Date:	Tue Aug 21 14:59:09 PDT 2007

12310 [lbo-talk] MTV poll: the kids are alright -- rank: 1000

On Aug 21, 2007, at 5:00 PM, Dennis Claxton wrote: > Earlier this year a friend of 20 years was over and we were drinking > wine. My daughter, who is 8, out of the blue said "alcohol makes you > lose friends." We both looked at her, glasses in hand, and said > we've been friends for 20 years and we're drinking. She said, "well, > that's what they told us at school." Maybe they'll rebel against this crap. Among Ivan's earliest words were "beer" and ...

Document Size:	5163
Author:	Doug Henwood
Date:	Tue Aug 21 14:10:40 PDT 2007

12311 [lbo-talk] reflections on the current crisis -- rank: 1000

On Aug 21, 2007, at 4:51 PM, Carl Remick wrote: > Now *I'm* confused. I'd read this comment as expressing Naderite > sympathy toward socialism -- i.e., that the state is forever > saddled with the loser's role of "lemon socialism," cleaning up the > operational and financial wreckage of harebrained schemes concocted > by the destructive creators of the private sector. Everything else in Ralph's record suggests that he loves small-scale competitive capitalism, from that ...

Document Size:	5266
Author:	Doug Henwood
Date:	Tue Aug 21 14:05:32 PDT 2007

12312 [lbo-talk] Americans gripped by sudden attack of gloom -- rank: 1000

ABC NEWS/WASHINGTON POST CONSUMER INDEX 8/19/07 EMBARGOED FOR RELEASE AFTER 5 p.m. Tuesday, Aug. 21, 2007 Consumer Confidence Tanks in Sharpest Drop in 20 Years Consumer confidence sustained its steepest one-week drop in more than 20 years of ongoing polls this week, falling to its lowest level since the aftermath of Hurricane Katrina in late October 2005. The ABC News/Washington Post Consumer Comfort Index lost an extraordinary nine points to -20 on its scale of +100 to -100, down from -1 ...

Document Size:	5828
Author:	Doug Henwood
Date:	Tue Aug 21 14:00:42 PDT 2007

12313 [lbo-talk] sketching an "anti-economist" -- rank: 1000

On Aug 21, 2007, at 4:16 PM, Jordan Hayes wrote: > So for a $10M/yr business, having a < 10% deficit sounds pretty good. > They are a survivor: yes, they've accumulated nearly $100M of losses, > but if they are down to < $1M/year, they can hang around for quite > some > time. I don't get why they just can't edge into the black if it's not that far. Is it because Hambrecht keeps writing them checks? Doug

Document Size:	5118
Author:	Doug Henwood
Date:	Tue Aug 21 13:24:34 PDT 2007

12314 [lbo-talk] reflections on the current crisis -- rank: 1000

On Aug 21, 2007, at 4:05 PM, Carl Remick wrote: > Yes, and it was great to catch up with that linked masterpiece of > stygian gloom "LBO at 20," an unbeatable tour d'horizon of reasons > why despair should be any thinking person's default mode. I wish, > though, that you'd give the old heave-ho to Noam Chomsky's > whistling-past-the-graveyard mantra that the US is "incomparably > more civilized" than it was in the early 1960s. Ah, but the uncrushable optimi ...

Document Size:	6027
Author:	Doug Henwood
Date:	Tue Aug 21 13:21:44 PDT 2007

12315 [lbo-talk] Salon 2.0 -- rank: 1000

Yikes, Salon trades on the bulletin board! No one can figure this shit out. Here's Salon's attempt at going 2.0 in order to keep its nose above water: <http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx? dcn=0001266454-07-000305&Type=HTML> > Develop Web 2.0 site and additional interactive functionality to > increase reader participation > > As previously mentioned, Salon has plans to build out a user > generated site, to be called OpenSalon. This site will be ...

Document Size:	6363
Author:	Doug Henwood
Date:	Tue Aug 21 12:54:36 PDT 2007