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29296 PIMCO quotes Minsky -- rank: 1000

Bradford DeLong wrote: >But this is low Keynesianism: the paradox of thrift; the fallacy of >composition; et cetera, et cetera, et cetera... Actaully, how often is Minsky cited in the AER? JEP? Journal of Finance? Doug

Document Size:	4586
Author:	Doug Henwood
Date:	Mon Jul 8 15:59:00 PDT 2002

29297 PIMCO quotes Minsky -- rank: 1000

Bradford DeLong wrote: >>Jeffrey Fisher wrote: >> >>>i just finally read (most of) this article . . . >>> >>>am i the only one reminded of the LTCM bailout? i'm thinking of his >>>suggestion of ordering banks to lend . . . >> >>This is more systemic than LTCM. LTCM was a potential break in the >>payments change; he's talking about the solvency of nonfinancial >>corporations, and how what's rational for one (balance-sheet > ...

Document Size:	5329
Author:	Doug Henwood
Date:	Mon Jul 8 15:57:59 PDT 2002

29298 PIMCO quotes Minsky -- rank: 1000

Jeffrey Fisher wrote: >i just finally read (most of) this article . . . > >am i the only one reminded of the LTCM bailout? i'm thinking of his >suggestion of ordering banks to lend . . . This is more systemic than LTCM. LTCM was a potential break in the payments change; he's talking about the solvency of nonfinancial corporations, and how what's rational for one (balance-sheet rebuilding) could be ruinous collectively. This is out of the box stuff for bourgeois thought. Doug

Document Size:	4878
Author:	Doug Henwood
Date:	Mon Jul 8 14:09:09 PDT 2002

29299 Prestowiz confronts anti-Americanism -- rank: 1000

[Prestowitz is a big economic nationalist, so this is kind of funny coming from him.] Washington Post - July 7, 2002 Why Don't We Listen Anymore? By Clyde Prestowitz "The way things are going, it will soon be the United States against the world." That comment, by a top political leader in Kuala Lumpur, was just one of hundreds of expressions of a new and disturbing alienation from America that I heard during a recent swing through 14 Asian, European and Latin American capitals. What a ...

Document Size:	16437
Author:	Doug Henwood
Date:	Mon Jul 8 13:03:21 PDT 2002

29300 Globalization study: Less poverty, more equality -- rank: 1000

Kevin Robert Dean wrote: >Fair enough--so what do you think the apologists mean >when they say "Globalization"? I'm sure they simply >mean some sort of trade liberalization--if that's the >case, can we talk about any specific date that it >happened and work our way from there? Hard to date it. Trade liberalization began right after WW II. Trade antiliberalization helped grease the skids for depression and war in the 1930s. European social democracies have very high leve ...

Document Size:	5363
Author:	Doug Henwood
Date:	Mon Jul 8 12:40:01 PDT 2002

29301 PIMCO quotes Minsky -- rank: 1000

pms wrote: >You mean the famous PIMCO bond guy, what's his nose? Bill..........? Bill Gross. Not him. Their resident Fed-watcher. Doug

Document Size:	4488
Author:	Doug Henwood
Date:	Mon Jul 8 12:04:52 PDT 2002

29302 Globalization study: Less poverty, more equality -- rank: 1000

Kevin Robert Dean wrote: > >--- pms <laflame at aaahawk.com> wrote: >> Sunday July 7, 7:36 pm Eastern Time >> Reuters Business Report >> Globalization Has Helped Poor, Study Says > >> The study uses 1992 data -- the latest that was >> available -- to make some of >> its key points, but one of its authors, Anthony >> Venables of the London >> School of Economics, said more recent >> post-publication research supported & ...

Document Size:	5819
Author:	Doug Henwood
Date:	Mon Jul 8 12:00:56 PDT 2002

29303 Kosov@ / NATO: Economy of the War and of Communication -- rank: 1000

Michael Pugliese wrote: >http://www.amsterdam.nettime.org/Lists-Archives/nettime-l- >9912/msg00200.html > > Server down? > Here is another copy. >http://amsterdam.nettime.org/Lists-Archives/nettime-l- >9912/msg00200.html > >Kosov@ / NATO: Economy of the War and of Communication > >by Alain Kessi Michael, this was 17k. I'm trying to be patient with this, but it's getting harder. Doug

Document Size:	5446
Author:	Doug Henwood
Date:	Mon Jul 8 10:59:41 PDT 2002

29304 PIMCO quotes Minsky -- rank: 1000

It's really dire - the PIMCO guy is quoting Hyman Minsky. And telling Greenspan that "the Fed must be willing to use all its powers to save capitalism from itself." Doug

Document Size:	4514
Author:	Doug Henwood
Date:	Mon Jul 8 08:58:57 PDT 2002

29305 man bites dog -- rank: 1000

Just saw Paul McCulley of Pacific Investment Management (PIMCO), the world's largest bonds, on CNBC. He's worried about "a crisis in capitalism" - hunkering down, the disappearance of animal spirits, excessive corporate debt levels, the threat of sliding "into a Japan-type situation." His advice is that the Fed must junk its "pre-emptive tightening" policy (under which it had said it would tighten even before inflation picked up, just to prevent its emergence) and c ...

Document Size:	4967
Author:	Doug Henwood
Date:	Mon Jul 8 08:54:17 PDT 2002

29306 source -- rank: 1000

The PIMCO commentary is at <http://www.pimco.com/bonds_commentary_fed_focus_0702.htm>. Doug

Document Size:	4385
Author:	Doug Henwood
Date:	Mon Jul 8 08:55:18 PDT 2002

29307 Madonna's 300,000-year heritage -- rank: 1000

Speaking of the McGuire sisters and their ecofeminism, one of the more thoughtful observations from their website <http://eve.enviroweb.org/perspectives/issues/sexualit.html>: "[I]n the context of 300,000 years of female sexuality, Madonna's limitations are unmasked."

Document Size:	4802
Author:	Doug Henwood
Date:	Sun Jul 7 12:15:47 PDT 2002

29308 Blood and Soil (Nazi "Greens") -- rank: 1000

Jeffrey Fisher wrote: >>how do radical animal >>rights activists think most animals survive? > >mostly they eat plants. Ever watch a cat toy with a mouse? Many of the "cute" things cats do, like batting around bottlecaps, is just a rehearsal for murder, which they seem to take considerable pleasure in. >>Aside from eating plants, >>do not most animals kill other animals? > >you want to go hunt for your food? cheetahs don't build big barns to >rais ...

Document Size:	5868
Author:	Doug Henwood
Date:	Sun Jul 7 12:04:55 PDT 2002

29309 Gray: Calpers won't dump Israeli stocks -- rank: 1000

July 5, 4:55 pm Eastern Time Reuters Company News Calif gov says Calpers won't dump Israeli holdings By Gina Keating LOS ANGELES, July 5 (Reuters) - California Gov. Gray Davis assured Israeli officials on Friday that he would not yield to any political pressure to divest the state's pension fund of its Israeli holdings. ADVERTISEMENT Speaking on the day after an Egyptian gunman fatally shot two Israelis at the El Al ticket counter at Los Angeles International Airport, Davis pledged the state's o ...

Document Size:	8684
Author:	Doug Henwood
Date:	Sat Jul 6 17:43:24 PDT 2002

29310 Afghanistan, where dried intestines hang in the trees -- rank: 1000

Financial Times - July 6, 2002 ASIA-PACIFIC: Afghan night of terror leaves anger in its wake By Charles Clover and Deh Rahwut A stain on the floor of Tor Agha's courtyard in Kakrak, Afghanistan, is a grisly reminder of the terror he lived through on Sunday night. "Here we found half the body of a child," he says, and then points to another stain on the opposite wall. "The rest was over there." Crossing the compound he points to a step: "And the head, here." The bloo ...

Document Size:	9545
Author:	Doug Henwood
Date:	Sat Jul 6 13:36:36 PDT 2002