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18151 [lbo-talk] Fraser's Every Man A Speculator ( was Wall$treet) -- rank: 1000

Charles Brown wrote: > We wish you wouldn't be so modest. Put "author of _Wall$treet_" ! Too old! Gotta flog the newer product, which is coming out in paper in a couple of months. Doug

Document Size:	4924
Author:	Doug Henwood
Date:	Mon Mar 14 06:45:40 PST 2005

18152 [lbo-talk] Narnia, China, Letters of Credit -- rank: 1000

Daniel Davies wrote: >On China, I really think we need to step on the Nouriel Roubini et al argument >that China has to do this that or the other because of the danger of >a "capital >loss equal to 9% of GDP" on their US dollar holdings. This would be a purely >notional mark-to-market loss. The Chinese US investments, post a devaluation, >would buy roughly the same amount of US assets, goods and services that they >would have bought before. They would buy fewer ...

Document Size:	6305
Author:	Doug Henwood
Date:	Mon Mar 14 06:42:23 PST 2005

18153 [lbo-talk] what? me worry? -- rank: 1000

Robert D. Day wrote: >It seems as though Bush's adventures are not being financed at all >-- hence federal budget deficits and crippling state budget crises. >Is there a level of abstraction I'm missing here? "Being financed" means where the money comes from - in this case, it's borrowed. Doug

Document Size:	4763
Author:	Doug Henwood
Date:	Mon Mar 14 06:36:37 PST 2005

18154 [lbo-talk] what? me worry? -- rank: 1000

[The more I read stuff like this the more I think the bubble didn't really burst in 2000.] New York Times Magazine - March 13, 2005 THE WAY WE LIVE NOW Our Currency, Your Problem By NIALL FERGUSON Every congressman knows that the United States currently runs large ''twin deficits'' on its budget and current accounts. Deficit 1, as we well know, is just the difference between federal tax revenues and expenditures. Deficit 2 is generally less well understood: it's the difference between all that A ...

Document Size:	13240
Author:	Doug Henwood
Date:	Sun Mar 13 13:53:44 PST 2005

18155 [lbo-talk] Paris shut down -- rank: 1000

Nathan Newman wrote: >I may share some of Doug's trepidations about bringing the Olympics to NYC, >but why shouldn't one of the most diverse cities in the world be a good >site for the olympics. I thought the NYC slogan, the "world's second >home" and posters trumpeting the fact that teams from around the world >would have a home team crowd at every event was pretty compelling. The physical layout of NYC would make holding the Olympics here really difficult. Aside from ...

Document Size:	5249
Author:	Doug Henwood
Date:	Sun Mar 13 10:25:16 PST 2005

18156 [lbo-talk] Gun-totin', God-fearin' US -- rank: 1000

Jordan Hayes wrote: > >> the gunman stopped to reload at one point and then >>> resumed shooting. "There was one gentleman that told him >>> to please stop and think about it," she said > >Of course, Wisconsin has no provision for the lawful carry of a >concealed weapon, so that's about all anyone could do: ask politely. Yes, worshippers should always go 'round packin'. Doug

Document Size:	5009
Author:	Doug Henwood
Date:	Sun Mar 13 10:19:15 PST 2005

18157 [lbo-talk] Workplace Project -- rank: 1000

Newsday - March 13, 2005 TALKING WITH JENNIFER GORDON FOUNDER OF THE WORKPLACE PROJECT The battle for immigrant workers BY LIZA FEATHERSTONE At 39, Jennifer Gordon already has embraced challenges ranging from Harvard Law School to Long Island's cruel underground economy to writing and raising small children at home in Brooklyn. Now a MacArthur Fellow and a Fordham University law professor, she's the author of "Suburban Sweatshops: The Fight for Immigrant Rights" (Belknap/Harvard, $27.9 ...

Document Size:	10921
Author:	Doug Henwood
Date:	Sun Mar 13 09:06:39 PST 2005

18158 [lbo-talk] Fraser's Every Man A Speculator -- rank: 1000

Newsday - March 13, 2005 Street of dreams BY DOUG HENWOOD EVERY MAN A SPECULATOR: A History of Wall Street in American Life, by Steve Fraser. HarperCollins, 721 pp., $29.95. Wall Street occupies a strange place in American life. It's thought to be central to our economy - one 1980s text described it as the "hub" of capitalism - but economists are strangely silent on the exact nature of that centrality. And outside economics, Wall Street has long occupied a central role in American poli ...

Document Size:	11190
Author:	Doug Henwood
Date:	Sun Mar 13 09:04:02 PST 2005

18159 [lbo-talk] Paris shut down -- rank: 1000

I think this was all happening as the Olympics auditioning commmittee was visiting Paris. I was a bit annoyed to hear that, because I badly want New York to lose - enough of turning this city into a theme park! Now Paris is going to look bad, damn. Doug

Document Size:	4650
Author:	Doug Henwood
Date:	Sat Mar 12 08:27:01 PST 2005

18160 [lbo-talk] Wall Street Book -- rank: 1000

Charles Brown wrote: >CB: So, the contribution to polarization of wealth in or represented by Wall >Street-activity goes in zig-zags, not a straightline. > >The rich don't lose out to the working class in market crashes , do they ? The bad markets of the 1970s were in part a reflection of the working class's strength, US and worldwide (and there were all sorts of anti-imperialist movements around). The defeat of all that led to the bull markets of the 1980s and 1990s. But in the 1930 ...

Document Size:	5023
Author:	Doug Henwood
Date:	Fri Mar 11 17:05:09 PST 2005

18161 [lbo-talk] Wall Street Book -- rank: 1000

Jordan Hayes wrote: >I guess you're just talking about the broad stock market, but since the >last time we had a nice long sideways patch global investing has grown >up quite a bit. Even just in mutual funds, an individual has a vast >array of product to choose from, and plenty of sectors are 'going up' as >we speak. > >Say you bought this for a New Year's Resolution: > >http://finance.yahoo.com/q/bc?s=ENPIX&t=3m&l=on&z=m&q=l&c=%5EGSPC Well, yeah, ...

Document Size:	5969
Author:	Doug Henwood
Date:	Fri Mar 11 13:38:57 PST 2005

18162 [lbo-talk] Wall Street Book -- rank: 1000

Charles Brown wrote: > Even when the stock market goes nowhere, do many rich people still make >money on it as a secular trend, by and large ? It's not irrelevant in the >distributing of wealth , is it ? Some pros can make money in a sideways market, but it's not good for the rich as a whole. The strong markets of the 1980s and 1990s contributed a lot to the growth in wealth inequality. Doug

Document Size:	4852
Author:	Doug Henwood
Date:	Fri Mar 11 12:01:10 PST 2005

18163 [lbo-talk] formatting stuff (was: Gorby is a wanker) -- rank: 1000

Chris Doss wrote: > Contemporary Russia doesn't value Mikhail >Gorbachev >and the >perestroika he initiated. Judging by opinion polls, >attempts to >teach Russian citizens about democratic liberties and >the >values of >Western civilization have repelled most of them. The >latest poll >done by the National Public Opinion Research Center >(VTsIOM) shows >that most respondents (61%) take a negative view of >perestroika. >Similar findings are repor ...

Document Size:	7405
Author:	Doug Henwood
Date:	Fri Mar 11 09:16:44 PST 2005

18164 [lbo-talk] Verso's surplus value extraction [was Re: U.S. Reports Accelerating Job Growth] -- rank: 1000

Chuck0 wrote: >One of my goals in life is to become a publisher that aspires to the >amazing stuff that Verso puts out. > >Now if I can just get over my procrastination and capitalization problems. Acquire inherited wealth, preferably from landholdings. Doug

Document Size:	5246
Author:	Doug Henwood
Date:	Fri Mar 11 07:12:53 PST 2005

18165 [lbo-talk] bankruptcy -- rank: 1000

Dennis Redmond wrote: >Doug wrote: > >> If you've got a credit card problem (and live in the USA), think very >> seriously about filing - NOW. > >Right now? As in... next week? When do these things kick in? Dunno, but there's no reason to delay. See a lawyer tomorrow. Doug

Document Size:	4742
Author:	Doug Henwood
Date:	Thu Mar 10 21:11:09 PST 2005