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29131 cop confesses to planting Genoa G8 evidence -- rank: 1000

[via nettime - lead in Italian follows - can anyone translate?] Difficult to understand why the followup about Genoa was not followed on Nettime All those interested in globalization issues, please note todays news that explosive bottles - that were part of evidence to justify the night attack on school that headquartered G8 protesters - were planted by a cop, under direct order of his superior who is now in big trouble. Confesssion is published today http://www.repubblica.it/online/politica/g ...

Document Size:	6496
Author:	Doug Henwood
Date:	Sun Jul 28 16:37:40 PDT 2002

29132 What are futures, derivates, etc? -- rank: 1000

Jordan Hayes wrote: > > To be a real derivatives expert, you've got to have >> an advanced math degree. I'm just an amateur. > >Bah to both claims. You're too kind. But thanks nonetheless. Doug

Document Size:	4742
Author:	Doug Henwood
Date:	Sun Jul 28 16:34:19 PDT 2002

29133 What are futures, derivates, etc? -- rank: 1000

Justin Schwartz wrote: >>Blade Blade wrote: >> >>>What are futures, derivates, etc.? >> >> >>I devote many pages of Wall Street to more detailed explanations - >>probably more than you'd ever want to know. >> >>Doug > >Because you are actually an expert on this stuff. Shortly I probably >will be too, or will be starting to learn to be. jks To be a real derivatives expert, you've got to have an advanced math degree. I'm just an ama ...

Document Size:	5130
Author:	Doug Henwood
Date:	Sun Jul 28 15:49:02 PDT 2002

29134 The Dow Congress -- rank: 1000

Jacob Segal wrote: >James K. Glassman As Brad DeLong asked the other day, what is this guy doing walking around? He's the one who said the risk premium on stocks was preposterously high, since they're as sound as T-bills, so the righteous price on the Dow was 36,000 in 1999. Immediately, not in a few years or decades, like the more reasonable authors of Dow 40,000 and Dow 100,000. Now the idiot is blaming Congress for what his beloved stock market did. For soem people, four walls *are* three ...

Document Size:	4844
Author:	Doug Henwood
Date:	Sat Jul 27 14:56:59 PDT 2002

29135 lbo-talk-digest V1 #6480 - CS Monitor, Coulter, etc. -- rank: 1000

Willy Greenfields wrote: >Doug, I believe, offered up the lovely Ms. Coulter as >proof of the poverty of rightwing punditry. And I >agree. The point I took from the CSM piece was that a >leftist equivalent of Coulter is an impossibility. >Someone firing from the left so zanily and with such >little information would find themselves unemployed >and unemployable. Ever listen to a certain listener-supported radio network with outlets in New York, Washington, Houston, SF, and LA ...

Document Size:	5178
Author:	Doug Henwood
Date:	Sat Jul 27 11:54:48 PDT 2002

29136 styles -- rank: 1000

[via nettime] TEXT MESSAGES COULD REVEAL CAREER APTITUDE A survey conducted on behalf of Woolworths in the UK indicates that the style people use to type text messages on their mobile phones reveals categories that relate to specific vocations. Researchers divided the messaging styles into four groups -- creatives, jugglers, controllers and facilitators. Creatives (actors, designers, advertising execs and landscape gardeners) used the latest text abbreviations and slang, mixed upper and lower ca ...

Document Size:	6175
Author:	Doug Henwood
Date:	Sat Jul 27 10:49:23 PDT 2002

29137 What are futures, derivates, etc? -- rank: 1000

Blade Blade wrote: >What are futures, derivates, etc.? Deritatives, that is. Derivatives are the broad category to which futures, options, and other exotic instruments belong. They're called derivatives because their price depends directly on the movement in other prices: the price of a futures contract rises or falls with the rise or fall in the price of the underlying commodity (pork bellies or T-bonds). I devote many pages of Wall Street to more detailed explanations - probably more than y ...

Document Size:	5034
Author:	Doug Henwood
Date:	Sat Jul 27 10:36:16 PDT 2002

29138 Tanzim intended to stop terrorism -- rank: 1000

Carrol Cox wrote: >It is just so fucking easy to sit and dream up what "we" (whoever we is) >should say or call for. It is so fucking hard to find and/or build a >responsive audience willing to listen and capable of acting powerfully. > >And don't say (as Doug has frequently said in response to posts like >this), "Well then, should we just sit around and do nothing?" That is >pointless because "calling" for this or that is just a disguised way o ...

Document Size:	5939
Author:	Doug Henwood
Date:	Sat Jul 27 10:25:26 PDT 2002

29139 Bankruptcy Bill - stalled for the moment -- rank: 1000

Gar Lipow wrote: >July 27 -- WASHINGTON (Reuters) - A bankruptcy bill before the U.S. >House of Representatives that would make it harder for individuals >to walk away from their debts ran aground over an abortion >related-provision early on Saturday, congressional aides said. The >bill will now have to wait until after Congress returns from its >summer recess, they added.... Wow. This is great news. Fascinating that the Reps will yield to their loony fundie base in the face of ...

Document Size:	5625
Author:	Doug Henwood
Date:	Sat Jul 27 08:12:31 PDT 2002

29140 lbo-talk-digest V1 #6480 -- rank: 1000

Willy Greenfields wrote: >The Nation has its wealthy patrons and is itself >usually pretty good. But it stands alone, while The >Weekly Standard enjoys the company of National Review >and others. There's a whole network of allied >right-wing rags where conservative writers can throw >bombs and explode fireworks. I wouldn't get carried away with this - a lot of conservative writing is demented, frightening, and/or moralizing stuff. For every Chris Caldwell there's a Poddy (Elder ...

Document Size:	5351
Author:	Doug Henwood
Date:	Fri Jul 26 13:22:45 PDT 2002

29141 Tanzim intended to stop terrorism -- rank: 1000

Ian Murray wrote: >About as likely as free traders stopping farm subsidies..... Well, shit. Not much of anything most members of this list believe in is imminently "likely," is it? So should we just give up? I think I'm too old to contemplate a new career doing starlet profiles, so I'm kind of stuck. Doug

Document Size:	4806
Author:	Doug Henwood
Date:	Fri Jul 26 12:36:56 PDT 2002

29142 Tanzim intended to stop terrorism -- rank: 1000

Brad DeLong wrote: >No. I think most Americans are horrified. But they have no clue what >can be done to make the situation better... Well to start with, it was a Washington-subsidized F-16 that did the work. Cutting the supply of subsidies and arms might be a start. Doug

Document Size:	4775
Author:	Doug Henwood
Date:	Fri Jul 26 11:56:08 PDT 2002

29143 Debt Deflation -- rank: 1000

Jeff Downing wrote: >I can't recall if you covered this in Wall Street or not, >but I was wondering if history provides examples of >corresponding Market and Real Estate bubbles and the timing >of these events. More attention has been given lately to >the American housing market and its febrile spike in >valuation: following Fisher's logic, wouldn't one expect to >soon see a glut of sellers looking to liquidate their >biggest asset, especially if their nest eggs had rece ...

Document Size:	5431
Author:	Doug Henwood
Date:	Fri Jul 26 11:53:44 PDT 2002

29144 Is this the "debt deflation" the PIMCO guy fears? -- rank: 1000

Here's my little summary of Fisher's debt deflation process, from p. 157 of Wall Street: >In a classic paper, Irving Fisher (1933) argued that financial >involvement made all the difference between routine downturns (not >yet called recessions) and big-time collapses like 1873 and 1929. >Typically, such a collapse followed upon a credit-powered boom, >which left businesses excessively debt-burdened, unable to cope with >an economic slowdown. The process, which he labeled a debt ...

Document Size:	6942
Author:	Doug Henwood
Date:	Fri Jul 26 09:17:28 PDT 2002

29145 Marx on greens -- rank: 1000

James Heartfield wrote: >This was what >Marx had to say against the 'true socialist' doctrine of a harmony >between man and nature proposed by Daumer: > >'We see here that the superficiality and ingnorance of the speculating >founder of a new religion is transformed into very pronounced cowardice. >Herr Daumer flees the historic tragedy that is threatening him too >closely to alleged nature, ie to mere rustic idyll, and preaches the >cult of the female to cloak his own ...

Document Size:	6981
Author:	Doug Henwood
Date:	Fri Jul 26 09:05:29 PDT 2002