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12346 [lbo-talk] Reading Arendt in Caracas -- rank: 1000

Anyone annoyed or outraged by that Nation piece on Chavez <http://www.thenation.com/doc/20070827/young_bruehl>) please send 'em a letter. There's a form on the website to send a "web letter" - or use the URL below: <http://www.thenation.com/contact/letw/20070827/young_bruehl>. or write a conventional Letter to the Editor: <http://www.thenation.com/contact/lett>. Doug

Document Size:	5116
Author:	Doug Henwood
Date:	Sun Aug 19 18:50:22 PDT 2007

12347 [lbo-talk] the U.S. economy: a view from Tehran -- rank: 1000

International Herald Tribune - August 17, 2007 <http://www.iht.com/articles/2007/08/17/opinion/edvarzi.php?page=1> A debt culture gone awry By Hamid Varzi TEHRAN: The U.S. economy, once the envy of the world, is now viewed across the globe with suspicion. America has become shackled by an immovable mountain of debt that endangers its prosperity and threatens to bring the rest of the world economy crashing down with it. The ongoing sub-prime mortgage crisis, a result of irresponsible le ...

Document Size:	10505
Author:	Doug Henwood
Date:	Sun Aug 19 15:18:58 PDT 2007

12348 [lbo-talk] Pew's political typology of the US population -- rank: 1000

On Aug 19, 2007, at 8:05 AM, Marvin Gandall wrote: > The other groups described in the survey are pro-Republican > "enterprisers" > (ie. libertarians), "social conservatives", and so-called "pro- > government > conservatives", whose distinct identity apart from the other two > Republican > groups was not clear to me . Pro-government conservatives support welfare state measures *and* want immoral books removed from libraries. Social conservative ...

Document Size:	5490
Author:	Doug Henwood
Date:	Sun Aug 19 06:55:32 PDT 2007

12349 [lbo-talk] the housing bubble: a view from 2005 -- rank: 1000

I just posted this 2005 LBO piece on the housing mania: <http://www.leftbusinessobserver.com/Housing.html>. One of the better calls I've made. "Reflections on the current crisis" to be posted tomorrow or Monday. Doug

Document Size:	5072
Author:	Doug Henwood
Date:	Sat Aug 18 18:35:40 PDT 2007

12350 [lbo-talk] "Opening the discount window" & "the fundamentalsare sound" = ???? -- rank: 1000

On Aug 18, 2007, at 6:01 PM, B. wrote: > Anyway, Brolin and wife Margot Kidder buy a three > story house, which has a boat house way out back, a > dock & pier, a large cellar, a big attic, and a > massive yard that ends at a nice, scenic river > embankment -- for $80,000. This is 1976, I think. Hey, that's twice the median price of an existing house in 1976! Doug

Document Size:	5568
Author:	Doug Henwood
Date:	Sat Aug 18 15:27:03 PDT 2007

12351 [lbo-talk] "Opening the discount window" & "the fundamentalsare sound" = ???? -- rank: 1000

On Aug 18, 2007, at 2:53 PM, Eubulides wrote: > [So the wealthy are kind of screwing each other and yet another > disposition of > trickle-down econ. policy does the rest.........] > > http://www.nytimes.com/2007/08/18/business/18fed.html > Fed policy makers and Treasury officials said that in cutting the > discount rate, > the Fed's principal goal was to shore up the market for > creditworthy mortgages, > including those for more expensive homes. > > While th ...

Document Size:	6658
Author:	Doug Henwood
Date:	Sat Aug 18 12:27:29 PDT 2007

12352 [lbo-talk] Merrill considers its bullishness -- rank: 1000

[from Merrill Lynch chief economist David Rosenberg, who's been among Wall Street's leading gloomsters over the last couple of years] Gearing up for the down cycle We have a well developed and heartily enforced ethic about being bullish on America. We embrace the history. But, at the same time, we need to preserve the Merrill Lynch edge, if at all possible. We want to make sure that our clients' interests are always well served and at times this has meant telling people "stuff" t ...

Document Size:	5161
Author:	Doug Henwood
Date:	Sat Aug 18 10:31:42 PDT 2007

12353 [lbo-talk] Fed to banks: pump it up! -- rank: 1000

NY Fed chief encourages banks to borrow after rate move Fri Aug 17, 2007 6:26PM EDT By John Parry and Richard Leong NEW YORK, Aug 17 (Reuters) - Shortly after the Federal Reserve surprised markets on Friday with a half-point cut in the rate it charges on loans to banks, the New York Fed president called top bankers to encourage them to borrow money from the central bank. The New York Fed confirmed that President Timothy Geithner made the morning telephone call to top-level executives at a nu ...

Document Size:	7787
Author:	Doug Henwood
Date:	Sat Aug 18 10:29:49 PDT 2007

12354 [lbo-talk] Reading Arendt in Caracas -- rank: 1000

On Aug 18, 2007, at 11:58 AM, Yoshie Furuhashi wrote: > Reuven Kaminer says that Arendt's worst writings -- about the > faulty concept of "totalitarianism" -- have been lauded while her best > ones -- skepticism about Zionism -- have been ignored: > <http://mrzine.monthlyreview.org/kaminer150807.html>. Congrats on the timely publication of that piece, which was really refreshing to read. Doug

Document Size:	5056
Author:	Doug Henwood
Date:	Sat Aug 18 10:23:26 PDT 2007

12355 [lbo-talk] NYers living longer than other Americans - who knew? -- rank: 1000

On Aug 18, 2007, at 11:23 AM, Andy F wrote: > I'm pretty sure that it's been measured that city dwellers get a lot > more walking in than suburbanites, and that shouldn't be too hard to > believe. Yeah, that was discussed in the article, funnily enough. Doug

Document Size:	5089
Author:	Doug Henwood
Date:	Sat Aug 18 10:15:49 PDT 2007

12356 [lbo-talk] Reading Arendt in Caracas -- rank: 1000

On Aug 18, 2007, at 11:58 AM, Yoshie Furuhashi wrote: > The Nation again shows its true class colors. > > Elisabeth Young-Bruehl article in The Nation online (17 August 2007, > <http://www.thenation.com/doc/20070827/young_bruehl>), "Reading Arendt > in Caracas,"* is very much in line with The Nation's previous > anti-Chavez article: Joaquín Villalobos, " Revolution in Venezuela?" Yuck. Time to file a complaint. Doug

Document Size:	5121
Author:	Doug Henwood
Date:	Sat Aug 18 10:14:24 PDT 2007

12357 [lbo-talk] Left alternative to The Economist? An Anti-Economist? -- rank: 1000

On Aug 18, 2007, at 11:38 AM, Carrol Cox wrote: > There is a self-destructive tendency in too many leftists to be > obsessed with not appearing naive or vulgar -- probably this is one of > the results of the overwhelming power of bourgeois ideology ("common > sense") in current capitalism. My image for it has always been the > stereotypical Victorian Matron who raises her chin and draws in her > skirts to show that _she_ isn't like _those women_. Doug in particular & ...

Document Size:	5655
Author:	Doug Henwood
Date:	Sat Aug 18 10:11:38 PDT 2007

12358 [lbo-talk] "Opening the discount window" & "the fundamentals are sound" = ???? -- rank: 1000

On Aug 18, 2007, at 12:14 PM, B. wrote: > Okay, so what are "the fundamentals," and when or why > would they not be "sound"? Any examples of when the > fundamentals weren't sound? What are they -- the > fundamentals, that is?" Fundamentals = what Wall Street calls the "real sector" (as opposed to their own, unreal sector): employment, income, production, etc. Weirdly, when they say this they act as if their business has no connection to the real ...

Document Size:	6177
Author:	Doug Henwood
Date:	Sat Aug 18 10:10:26 PDT 2007

12359 [lbo-talk] NYers living longer than other Americans - who knew? -- rank: 1000

On Aug 18, 2007, at 10:24 AM, jrdavis wrote: > If you have alot of retirees moving out of the city for cheaper > digs, then this will skew the death by cardiac/stroke/cancer > because these folks will be dying elsewhere. How many times do I have to point out that the over-65 share of the NYC pop is virtually identical to the rest of the U.S.? Why the intense desire to disbelieve these results? Doug

Document Size:	5240
Author:	Doug Henwood
Date:	Sat Aug 18 07:37:28 PDT 2007

12360 [lbo-talk] NYers living longer than other Americans - who knew? -- rank: 1000

On Aug 18, 2007, at 10:02 AM, Yoshie Furuhashi wrote: > Check out NYC's age structure. > > <http://osc.state.ny.us/press/releases/apr03/nyceconrep2-03.pdf> > Recent Trends in the New York City Economy > April 2003 > > Alan G. Hevesi > State Comptroller > Office of the State Deputy Comptroller for the City of New York > Report 1-2004 > > . . . . . . . . . . . . . . . . . . . > > Demographic data provided from the supplementary survey show the > C ...

Document Size:	6234
Author:	Doug Henwood
Date:	Sat Aug 18 07:29:56 PDT 2007