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19861 [lbo-talk] A Disturbing Economic Trend in the USA -- rank: 1000

Wojtek Sokolowski wrote: >Doug: >> Still, your fundamental point is right - the share of the income pie >> earned by "ordinary" workers (what the BLS calls nonsupervisory or >> production workers, who are 81% of the private sector workforce) is >> shrinking. High-income workers, upper-middle and senior managers, >> whose pay conceptually includes a large portion that's a return to >> capital, are getting more. Since the economy bottomed in l ...

Document Size:	7154
Author:	Doug Henwood
Date:	Thu Aug 11 11:16:59 PDT 2005

19862 [lbo-talk] Alex Cockburn on India: wrong? (was, U.N. seeks aid...) -- rank: 1000

uvj at vsnl.com wrote: >Western Europe also had lot and lots of very poor people. From >Engels' Condition of the Working Class in England to other works >(e.g. Gareth Steadman-Jones' Outcaste London), it is obvious that >the mass of Europeans lived in apalling conditions over long >periods. Nobody believes that Europe is in a deep whole today. No, of course not. But relative income positions in the world haven't changed all that much over the last 100 years - and in a lot of cases ...

Document Size:	7286
Author:	Doug Henwood
Date:	Thu Aug 11 11:10:54 PDT 2005

19863 [lbo-talk] Alex Cockburn on India: wrong? (was, U.N. seeks aid...) -- rank: 1000

uvj at vsnl.com wrote: >Doug Henwood wrote: > >> uvj at vsnl.com wrote: >> >>> I am simply questioning the popular Leftwing idea that capitalist >>>development in the "Third World" is very difficult > >>> Well it is very difficult, isn't it? I agree that a lot of >>>leftists think the "Third World" is nothing but a hopeless case, >>>but despite the improvement in the Indian social indicators and >>> ...

Document Size:	6263
Author:	Doug Henwood
Date:	Thu Aug 11 09:11:12 PDT 2005

19864 [lbo-talk] martial law in US -- rank: 1000

Wojtek Sokolowski wrote: >The US >was routed in Vietnam and what happened? There's always the Chomsky and Ernest Mandel position: despite the appearance of "losing" in Vietnam, the US left the country an absolute wreck, and there was hardly another revolution in the so-called Third World afterwards. Doug

Document Size:	4772
Author:	Doug Henwood
Date:	Thu Aug 11 08:40:25 PDT 2005

19865 [lbo-talk] Colombia Unearthing Plight of Its 'Disappeared' -- rank: 1000

Cseniornyc at aol.com wrote: >Thanks for posting this article on the brutal class war that has >been raging in Colombia for the last thirty years, at least. But as >usual this kind of news doesn't attract much attention in this list, >despite that his is a US supported war under the Plan Colombia >approved by the Clinton Congress and in which the US has spent 4 >billion so far. So post stuff. Tell us what's important. It's always annoying when people say "I'm disappointed ...

Document Size:	5717
Author:	Doug Henwood
Date:	Thu Aug 11 08:38:30 PDT 2005

19866 [lbo-talk] Fred Phelps -- rank: 1000

I just got someething on another list pointing to the Wikipedia entry on Fred "God hates fags" Phelps. Wow, I hadn't heard some of this stuff before - spousal and child abuse, possible involvement in the death of his daughter-in-law, his support of Saddam Hussein, etc. Exciting reading: <http://en.wikipedia.org/wiki/Rev._Fred_Phelps>.

Document Size:	4890
Author:	Doug Henwood
Date:	Thu Aug 11 08:27:55 PDT 2005

19867 [lbo-talk] A Disturbing Economic Trend in the USA -- rank: 1000

Chuck wrote: >Fellow LBO'ers, > > I wanted to see what % of the national income (GDP) went to wages >over the last 40 years and surprise, surprise the trend is down >(data supplied by Commerce & BLS): > > Year Avg. Avg. Workers GDP %Pay/GDP > Hours Pay (000's) (Billion $) > > 1965 38.6 2.63 60963 719.1 45 > 1975 35.9 4.73 ...

Document Size:	7469
Author:	Doug Henwood
Date:	Thu Aug 11 08:23:15 PDT 2005

19868 [lbo-talk] A Disturbing Economic Trend in the USA -- rank: 1000

Wojtek Sokolowski wrote: >Not necessarily - the 133,000 employment figure reflects, I believe only >wage workers, and excluded self employed persons i.e. "independent" >contractors that are becoming an increasing share of the labor force. They're not, actually. The self-employed were almost 11% of total employment in the 1950s. That fell to around 7-8% in the 1960s-1980s, and it's now 6.7%. >Moreover, the term "wage" does not equal "labor cost" the latte ...

Document Size:	7529
Author:	Doug Henwood
Date:	Thu Aug 11 08:13:06 PDT 2005

19869 [lbo-talk] Alex Cockburn on India: wrong? (was, U.N. seeks aid...) -- rank: 1000

uvj at vsnl.com wrote: >I am simply questioning the popular Leftwing idea that capitalist >development in the "Third World" is very difficult Well it is very difficult, isn't it? I agree that a lot of leftists think the "Third World" is nothing but a hopeless case, but despite the improvement in the Indian social indicators and the 20-year average of near-6% growth, the country is still in a deep hole. Latin America is having a really bad time of it. And Africa is in di ...

Document Size:	5418
Author:	Doug Henwood
Date:	Thu Aug 11 07:33:43 PDT 2005

19870 [lbo-talk] stock valuation without dividends -- rank: 1000

Charles Brown wrote: >Are there any studies of what percentage of people playing the stock >market are able to sell their stock at a profit ? What is the ratio of >winners to losers in the stock market ? The old saw is that 80-90% of futures traders lose money. Dunno about stocks, but if people trade actively, rather than just buy & hold, they're lucky if they break even. (On average, that is - there are always lucky and/or skilled exceptions.) >Why is there such confidence that ...

Document Size:	5522
Author:	Doug Henwood
Date:	Wed Aug 10 09:13:14 PDT 2005

19871 [lbo-talk] Alex Cockburn on India: wrong? (was, U.N. seeks aid...) -- rank: 1000

Dwayne Monroe wrote: >Who dismissed Ulhas as "impressionistic"? At 4:21 AM -0400 8/10/05, Cseniornyc at aol.com wrote: >Apologies to Dwayne Monroe. I certainly need better reading glasses >. I was then referring to Ulhas' who does need to back up his claims >on India with solid empirical data ans stop being so impressionistic.

Document Size:	5218
Author:	Doug Henwood
Date:	Wed Aug 10 07:12:32 PDT 2005

19872 [lbo-talk] marketing hip-hop -- rank: 1000

[a passage from the NYT's excellent pop critic Kelefa Sanneh's review of the 50 Cent/Eminem Anger Management tour <http://www.nytimes.com/2005/08/10/arts/music/10eminem.html?>] For 50 Cent Madison Square Garden was a big dance club, and he shook the rafters with lithe tracks like "P.I.M.P." and "Disco Inferno," which are engineered to be irresistible. The idea is to address the female market segment (asking, gallantly, "You gonna back that thing up or should I push ...

Document Size:	5471
Author:	Doug Henwood
Date:	Wed Aug 10 05:47:26 PDT 2005

19873 [lbo-talk] re: stock valuation without dividends -- rank: 1000

Alex wrote: >I've heard the story about how earnings per share can >replace dividends, but it never made sense to me. >Stock owners never actually get non-dividend earnings. > They are simply informed of them on the quarterly >balance sheet before they are reinvested. Stock >holders are never actually given that money, so the >earnings only value to investors would be on the >assumption that the reinvestment will lead to greater >dividends in the future. The price m ...

Document Size:	6429
Author:	Doug Henwood
Date:	Tue Aug 9 17:58:51 PDT 2005

19874 [lbo-talk] Alex Cockburn on India: wrong? (was, U.N. seeks aid...) -- rank: 1000

Dwayne Monroe wrote: >But on the bright side I can, after a surprisingly long interval, >finally add a new item to the list I first compiled here -- > ><http://mailman.lbo-talk.org/2004/2004-September/020857.html> Hmm, does the length of the interval suggest we're getting more civil? Doug

Document Size:	5228
Author:	Doug Henwood
Date:	Tue Aug 9 17:38:44 PDT 2005

19875 [lbo-talk] stock valuation without dividends -- rank: 1000

Doug Henwood wrote: >Carrol Cox wrote: > >>Michael Pollak wrote: >>> >>> >>> In theory it seems to make sense. In the reality the basic valuations and >>> the P/E proportion that is considered reasonable both seem to be set by >>> crowd behavior. >> >>Isn't this what Marx said about interest rates (C III)? Unlike >>commodities (in Marx's TOV) the price of money is determined only by >>supply and demand, and can ...

Document Size:	5854
Author:	Doug Henwood
Date:	Tue Aug 9 17:09:35 PDT 2005