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28966 God-ness this stuff gives me a headache. -- rank: 1000

Randy Steindorf wrote: >>pms wrote: >> >>>So slower growth makes money tighter? >> >>No, tighter money makes growth slower. But the effect of a higher >>currency is very similar to that of higher interest rates - a >>financial factor dragging down the real sector. >> >>Doug > >I read Marx as saying the opposite, especially in Volume III, where >he discussed the rise and fall of rate of interest as being >unrelated to the rise a ...

Document Size:	7293
Author:	Doug Henwood
Date:	Mon Jun 17 15:24:56 PDT 2002

28967 Alterman on Chomsky -- rank: 1000

michael pugliese wrote: >And, another aside. E.P. Thompson, in, "The Poverty of Theory, >" his brilliant and funny polemic against Althusserianism mentions >that Pol Pot studied marxism in Paris in the 50's. Zizek writes in Tarrying With the Negative: >There is more than a contingent idiosyncrasy in the >fact that, in both cases, the leader of the movement is an intellectual >well skilled in the subtleties of Western culture. (Prior to becoming a >revolutionary, Po ...

Document Size:	5351
Author:	Doug Henwood
Date:	Mon Jun 17 15:21:50 PDT 2002

28968 Alterman on Chomsky -- rank: 1000

michael pugliese wrote: > Just an aside. The website, AARGH, that reprinted the Hitchens >article from Grand Street on Noam C. is far right Holocaust Revisionist. Did they alter the text? Doug

Document Size:	4562
Author:	Doug Henwood
Date:	Mon Jun 17 15:19:14 PDT 2002

28969 Alterman on Chomsky -- rank: 1000

Noam isn't perfect. Gosh, what a revelation. But the main reason people dredge up his imperfections is to discredit him (meaning his critique of U.S. imperialism). There's no other good reason to harp on what he did or said about Faurisson or the Khmer Rouge. As Christopher Hitchens himself once argued (and quite well). Doug

Document Size:	4657
Author:	Doug Henwood
Date:	Mon Jun 17 15:18:31 PDT 2002

28970 FW: The anti-imperialism of fools -- rank: 1000

michael pugliese wrote: > >--- Original Message --- >>From: "KENT, Gary" <kentg at parliament.uk> >>To: "'DemocraticLeft at yahoogroups.com'" <DemocraticLeft at yahoogroups.com> >>Date: 6/17/02 10:38:09 AM >> > >>By Mick Hume >> >>Western leftists find themselves in strange company when it >comes to the >>Middle East. Are they really happy to line up with neo-Nazis >and Islamic Again, we could have do ...

Document Size:	5398
Author:	Doug Henwood
Date:	Mon Jun 17 11:55:19 PDT 2002

28971 Alterman on Chomsky -- rank: 1000

Max Sawicky wrote: >Didn't Hitchens put together a detailed debunking of the >Khmer Rouge rap on Chomsky? Or was it the Faurisson >affair, or both? Would appreciate links to references. There's <http://abbc.com/aaargh/fran/chomsky/cassandra.html>. Doug

Document Size:	4706
Author:	Doug Henwood
Date:	Mon Jun 17 11:33:01 PDT 2002

28972 God-ness this stuff gives me a headache. -- rank: 1000

pms wrote: >So slower growth makes money tighter? No, tighter money makes growth slower. But the effect of a higher currency is very similar to that of higher interest rates - a financial factor dragging down the real sector. Doug

Document Size:	4766
Author:	Doug Henwood
Date:	Mon Jun 17 11:30:27 PDT 2002

28973 Zany Paul -- rank: 1000

pms wrote: >U.S. Treasury Secretary Paul O'Neill repeated his usual strong-dollar >statement on Saturday, to which the market showed muted reaction. Because the real question is - what does Bono think? Doug

Document Size:	4527
Author:	Doug Henwood
Date:	Mon Jun 17 10:18:41 PDT 2002

28974 God-ness this stuff gives me a headache. -- rank: 1000

pms wrote: >What does he mean that the 5% rise in the Euro adds .50 tightening? From the European point of view higher euro = more expensive (and therefore lower) exports = slower growth. Add to that higher euro = cheaper (and therefore more) imports) and you also have slower growth, since imports are a subtraction from GDP. [GDP = consumption + investment + government + net exports, where net exports = exports - imports]. Doug

Document Size:	4998
Author:	Doug Henwood
Date:	Mon Jun 17 10:00:20 PDT 2002

28975 telecoms -- rank: 1000

The disaster in the telecoms industry has gotten a lot less attention than Enron, though the sums lost (and jobs too) are far larger. Ex-investment banker Nomi Prins, who will be my guest on the radio this Thursday and who will write up a precis on the debacle for LBO, writes about it in this week's Fortune: <http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=208320>. Doug

Document Size:	4930
Author:	Doug Henwood
Date:	Mon Jun 17 09:52:52 PDT 2002

28976 Alterman on Chomsky -- rank: 1000

Michael Pugliese wrote: > http://www.msnbc.com/news/752664.asp > Nope, the Noamster and Ed Herman (along with Cambodia scholars on the Left >like David Chandler, Serge Thion [cf. his role in the Faurrison >affair] and Ben >Kiernan, were agnostic on the Khmer Rouge.. Kiernan and Chandler have long ago >recanted. >Michael Pugliese This bounced the first time because it was too long (>25k). Breaking it into two parts can get past the length limits, for sure, but the re ...

Document Size:	5113
Author:	Doug Henwood
Date:	Mon Jun 17 07:33:06 PDT 2002

28977 W @ Ohio State -- rank: 1000

[Yoshie, was this the way you saw it? What happened?] Date: Sun, 16 Jun 2002 14:44:52 -0700 (PDT) From: MichaelP <papadop at peak.org> Subject: Bushmen Threaten Ohio Graduates with Expulsion, Arrest Ohio State fascism - What happened today ON Jun-14-02 AT 03:59 PM (ET) As I sit here before you, I must admit I am truly exhausted from a full day. I've read the thread about Ohio State on LBN, and I am here to tell you it is true...and then some. I'll try to hit all the details. And what happe ...

Document Size:	10273
Author:	Doug Henwood
Date:	Mon Jun 17 07:20:57 PDT 2002

28978 Munich conference -- rank: 1000

If by some chance you find yourself in Munich next week (June 20-22), I'll be speaking at a conference on "Cultures of Economy - Economics of Cultures," sponsored by the Bavarian American Academy. The program is at <http://www.lrz-muenchen.de/~BAA/veranst/wirtschaftskulturen.htm>. Also on the bill, Tom Frank and Jackson Lears. Doug

Document Size:	4749
Author:	Doug Henwood
Date:	Sat Jun 15 15:48:17 PDT 2002

28979 "One Big-Tent-ism" -- rank: 1000

Michael Pugliese wrote: > Myself, I like Ben Seattle's http://www.leninism.org/pof/ >label for Klo, "Klueless." >http://www.leninism.org/pof/pof6-reply-cc.htm >On 6-17-97 Carrol Cox wrote:.. >Michael Pugliese > >http://www22.brinkster.com/harikumar/ISML/AllOpenLetterMLL2000.htm >http://www.google.com/search?q=Hari+Kumar+pen-l >>...Members of the "Maoist Documentation Project" (MDP) had correctly >recognized that the moderators exercised a ...

Document Size:	5607
Author:	Doug Henwood
Date:	Sat Jun 15 12:12:33 PDT 2002

28980 more dollar bearishness -- rank: 1000

pms wrote: > > A section headline in Goldman Sachs' weekly economic letter: >> >> >The Dollar: Next Step in Deflating the US Bubble? >> >Did you get to read how they answered the question? The Dollar: Next Step in Deflating the US Bubble? The investment boom pushed up the dollar by incre asing the demand among foreign investors for dollar-denominated assets. Now that the investment boom has ended, return expectations for such assets are declining. As a consequence ...

Document Size:	14286
Author:	Doug Henwood
Date:	Sat Jun 15 12:00:49 PDT 2002