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16666 [lbo-talk] Fed kicks it up another quarter -- rank: 1000

Charles Brown wrote: >CB: This wouldn't be a reason they would raise , but don't higher interest >rates make the impact of current account deficit worse ? Foreign lenders get >higher returns on U.S. notes ? Or not ? Higher rates can attract foreign money but it makes the new debts more expensive to service. This is why people love economists - it's always "on the other hand." >(Then there's the old "don't higher interest rates make more money for >creditors in the U ...

Document Size:	5526
Author:	Doug Henwood
Date:	Tue Sep 20 13:48:32 PDT 2005

16667 [lbo-talk] Fed kicks it up another quarter -- rank: 1000

Mark S wrote: >Some analysts think that the Fed has its eye on potential labor >market tightening and concomitant wage gains in 2006 and 2007. >Given the final sentence above, this opinion makes sense to me. I half think they're using "inflation" as a cover for bursting the housing bubble. Doug

Document Size:	4912
Author:	Doug Henwood
Date:	Tue Sep 20 12:19:13 PDT 2005

16668 [lbo-talk] Fed kicks it up another quarter -- rank: 1000

[The tone of this is a little on the hawkish side. For some inexplicable reason, some market types had thought the Fed would pause. They're wrong.] <http://www.federalreserve.gov/BoardDocs/Press/monetary/2005/20050920/default.htm> September 20, 2005 For immediate release The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3-3/4 percent. Output appeared poised to continue growing at a good pace before the tragic toll of Hurric ...

Document Size:	7334
Author:	Doug Henwood
Date:	Tue Sep 20 11:37:04 PDT 2005

16669 [lbo-talk] white Americans think Kanye West is wrong -- rank: 1000

Wojtek Sokolowski wrote: >In my personal experience, ethnicity does not matter that much (if at all) >as class. I have a better communication with, say, a black professional >than with a white redneck, or with an Indian sociologist than a Polish >peasant. More uncharacteristic individualism! It's not about personal relations, it's about how people get sorted into their social roles. Black people are less likely to be doctors and more likely to be sanitation workers than white people ...

Document Size:	5326
Author:	Doug Henwood
Date:	Tue Sep 20 10:42:43 PDT 2005

16670 [lbo-talk] NO oral histories -- rank: 1000

Steve Perry, editor of City Pages (Minneapolis) just pointed me to an excellent set of oral histories from NO survivors: <http://citypages.com/neworleans>. Doug

Document Size:	4698
Author:	Doug Henwood
Date:	Tue Sep 20 10:00:47 PDT 2005

16671 [lbo-talk] HELP! MOM!! THERE ARE LIBERALS UNDER MY BED!!! -- rank: 1000

Wojtek Sokolowski wrote: >Katha Pollit in her column in the last issue of the Nation argues that the >fundies are actually doing a service by reducing the supply of professional >jobs and thus reducing competition. She does have a point. The more US >morons studies bible verses and kindred hogwash instead of science the >better the chance for everyone else toland on good professional jobs. And >it does not matter that much what hogwash people who sweep the streets or >pum ...

Document Size:	5797
Author:	Doug Henwood
Date:	Tue Sep 20 09:09:58 PDT 2005

16672 [lbo-talk] German election: the markets won't like this -- rank: 1000

Michael Pugliese wrote: >One of the most left-wing Greens in Germany, former International >Marxist Group member Like much of the Verso/NLR crowd! Doug

Document Size:	4872
Author:	Doug Henwood
Date:	Tue Sep 20 09:06:41 PDT 2005

16673 [lbo-talk] Brookheiser remembers Jude -- rank: 1000

National Review - September 26, 2005 The Way Jude Worked Richard Brookhiser JUDE WANNISKI (1936-2005) was the indefatigable cheerleader of supply-side economics. Arthur Laffer and Robert Mundell invented the theory, and Robert Bartley, Irving Kristol, and Robert Novak championed it. But Wanniski had the most brio. I got in on the ground floor of the supply-side revolution about as early as someone who was not a colleague of Wanniski's at the Wall Street Journal could. In 1978 a friend of mine fr ...

Document Size:	12004
Author:	Doug Henwood
Date:	Tue Sep 20 08:51:29 PDT 2005

16674 [lbo-talk] German election: the markets won't like this -- rank: 1000

Michael Pollak wrote: >Most people in Germany seem to consider the Greens to the right of >the SPD when it comes to neoliberalism. That's what today's FT says: "Ronald Pofalla, deputy CDU parliamentary leader, said the CDU and Greens were 'not that far apart' on central economic issues." Doug

Document Size:	5034
Author:	Doug Henwood
Date:	Tue Sep 20 08:40:40 PDT 2005

16675 [lbo-talk] HELP! MOM!! THERE ARE LIBERALS UNDER MY BED!!! -- rank: 1000

Wendy Lyon wrote: >On 9/20/05, John Lacny <jlacny at earthlink.net> wrote: > >> My own parents, who >> were raised as Catholics, talked about how they were instructed not to say >> the Lord's Prayer in school, since it ended with that "For the kingdom and >> the power . . . " stuff, which was a Protestant add-on. > >Really? I was raised Catholic, and I can remember singing a musical >version of the Lord's Prayer with that add-on. I was s ...

Document Size:	5481
Author:	Doug Henwood
Date:	Tue Sep 20 07:40:28 PDT 2005

16676 [lbo-talk] the state of play, according to The Note -- rank: 1000

<http://abcnews.go.com/Politics/TheNote/story?id=156238> NEWS SUMMARY There are two fundamental political realities that we have hinted at for several days that are known to everyone in the know in the inner circle of American politics (a/k/a: the Gang of 500) and we feel you should know them too. The first one involves the Republican Party and precisely stated, it goes like this: The potential for the political interests of the White House and congressional Republicans to diverge is great ...

Document Size:	9819
Author:	Doug Henwood
Date:	Tue Sep 20 07:08:53 PDT 2005

16677 [lbo-talk] Galloway responds to Palast -- rank: 1000

Reply to Greg Palast George Galloway Until a couple of days ago I hadn't heard of Greg Palast in years, the man who claims to have been pursuing me with questions for two months. He has never phoned, written, emailed or made any other contact with me, which is curiously reminiscent of the behavior of the US Senate committee. Having now forced myself to look at his pernicious writing, it seems like the deranged ramblings you might expect to find pushed out from under the door of a locked ward. He ...

Document Size:	9543
Author:	Doug Henwood
Date:	Tue Sep 20 07:02:45 PDT 2005

16678 [lbo-talk] Jon Stewart defies the odds -- rank: 1000

<http://www.cnn.com/2005/SHOWBIZ/TV/09/18/emmy.night/> [...] The Emmys also smiled on "The Daily Show with Jon Stewart," which won two major awards during the broadcast: best variety/musical/comedy series and best writing for a best variety/musical/comedy series. "When I said that I wanted to put together a writing staff that would only be 80 percent Ivy League-educated Jews, they said it couldn't be done," said "Daily Show" host Stewart in accepting one honor ...

Document Size:	5146
Author:	Doug Henwood
Date:	Tue Sep 20 06:58:48 PDT 2005

16679 [lbo-talk] prescriptions -- rank: 1000

Speaking of prescribing how women should behave, here's the Hooter's employee manual: <http://www.thesmokinggun.com/archive/0915051hooters1.html>. No more than two earings per ear, no tats, no midriff - a camera-ready look at all times! And SMILE!! Doug

Document Size:	4767
Author:	Doug Henwood
Date:	Tue Sep 20 06:38:31 PDT 2005

16680 [lbo-talk] HELP! MOM!! THERE ARE LIBERALS UNDER MY BED!!! -- rank: 1000

ANTI-LIBERAL CHILDREN'S BOOK RELEASE SEPT. 20/ Interview Pitch HELP! MOM! THERE ARE LIBERALS UNDER MY BED hits bookstores on Tuesday, Sept 20, but it's already a lightning rod for controversy. Alan Colmes calls it "brainwashing" and other prominent liberals liken it to Nazi propaganda. The book's conservative author (a mother of three) laughs off the allegations. Liberals all over the country are up in arms over a new children's book that portrays cartoon versions of left-wing icons Hi ...

Document Size:	10997
Author:	Doug Henwood
Date:	Mon Sep 19 20:40:46 PDT 2005