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30091 Grubby's "sincerely held thesis" -- rank: 1000

[improbably this is dated Aug 16 - maybe that means it's in tomrrow's WSJ - "I always wrote what I believe and base my opinions on a long and sincerely held investment thesis." Which is now worth, what, 2 cents on the dollar?] Embattled Grubman Resigns In 'Mutual' Pact With Salomon By CHARLES GASPARINO Staff Reporter of THE WALL STREET JOURNAL Jack Grubman, the once high-profile telecommunications analyst at Salomon Smith Barney has resigned from the firm by "mutual agreement,&qu ...

Document Size:	6980
Author:	Doug Henwood
Date:	Thu Aug 15 16:44:04 PDT 2002

30092 SS privatization -- rank: 1000

Think the bear market has killed Social Security privatization? Fox News reports on a recent poll: >Sixty-eight percent of respondents favored private accounts, a >margin of well more than two-to-one. Respondents aged 30-49 rang in >favor of private accounts at 76 percent, ages 18-29 at 82 percent. >Democrats favored them 56 to 40 percent. Independents at 67-31 >percent. White, black, Hispanic, union, conservative, moderate, even >self-described liberals -- all favored private ...

Document Size:	5573
Author:	Doug Henwood
Date:	Thu Aug 15 16:19:30 PDT 2002

30093 Stiglitz news: LBO world exclusive! -- rank: 1000

Well, Stiglitz showed up - early! - and the interview will be up on the web tomorrow. The big news item came right at the end, which left little time for elucidation, but he said he's coming around to believing the IMF is unreformable and should be scrapped. You heard it here first. Doug

Document Size:	4706
Author:	Doug Henwood
Date:	Thu Aug 15 16:16:28 PDT 2002

30094 Grubman resigns! -- rank: 1000

[next: breakin' rocks in the hot sun?] Salomon's Grubman resigns By Shawn Langlois, CBS.MarketWatch.com Last Update: 6:37 PM ET Aug. 15, 2002 NEW YORK (CBS.MW) - Salomon Smith Barney's telecom analyst Jack Grubman resigned Thursday, according to Susan Thomson, a spokeswoman for Citigroup (C: news, chart, profile). Grubman is currently under investigation by government agencies for potential conflicts of interest for stock recommendations on various companies whose share prices have since collaps ...

Document Size:	5043
Author:	Doug Henwood
Date:	Thu Aug 15 16:09:52 PDT 2002

30095 RES: Three cheers for Brazil -- rank: 1000

Alexandre Fenelon wrote: >The Economic Times > >Wednesday, August 14, 2002 > >Three cheers for Brazil > >Joseph Stiglitz > >World markets seem to be turning up their nose at Brazil right now. They may >be as mistaken about Brazil as world football experts were earlier this >summer. > >When the World Cup began, you will recall, the Brazilian team was deemed >talented but flawed. Yet somehow Brazil again became the World Cup champion. >The country, too, ...

Document Size:	6159
Author:	Doug Henwood
Date:	Thu Aug 15 12:06:23 PDT 2002

30096 Cooper on Iraq -- rank: 1000

[this one's for all you Marc Cooper haters out there] L.A. Weekly - AUGUST 16 - 22, 2002 Dissonance Move Over, Mike Dukakis Democrats clamber onto the tank on Iraq by Marc Cooper DURING MY LAST VISIT TO BAGHDAD, ON THE eve of last decade's Gulf War, I sat for three long hours in the middle of the night arguing with one of Saddam Hussein's top strategists. I thought both he and his mustachioed boss, whose smirking visage shone from his wristwatch, were truly miserable putzes. Najib Al-Hadithi, bu ...

Document Size:	11046
Author:	Doug Henwood
Date:	Thu Aug 15 11:33:48 PDT 2002

30097 unions -- rank: 1000

eric dorkin wrote: >I would say this Doug: what is consistent and >necessary across the board in all of those >transactions is the same "market" for stocks. To the >extent that the value of the stock on the "market" is >driven by concerns antithetical to the worker (e.g., >layoffs = profits), then any particpant providing >liquidity to the market is complicit. That does not >mean they are all capitalists, but that they all >benefit from the subjug ...

Document Size:	5128
Author:	Doug Henwood
Date:	Thu Aug 15 11:29:30 PDT 2002

30098 unions -- rank: 1000

Lew Higgins wrote: >A fair question for which I have no easy answer. But I suggest that for a >start it helps to be clear about what is "here" and what the change to >"there" means. Exactly my point(s). Thank you. Doug

Document Size:	4494
Author:	Doug Henwood
Date:	Thu Aug 15 11:21:26 PDT 2002

30099 Ashcroft's detention camps -- rank: 1000

Los Angeles Times - August 14, 2002 COMMENTARY Camps for Citizens: Ashcroft's Hellish Vision By JONATHAN TURLEY, Jonathan Turley is a professor of constitutional law at George Washington University. Atty. Gen. John Ashcroft's announced desire for camps for U.S. citizens he deems to be "enemy combatants" has moved him from merely being a political embarrassment to being a constitutional menace. Ashcroft's plan, disclosed last week but little publicized, would allow him to order the inde ...

Document Size:	9766
Author:	Doug Henwood
Date:	Thu Aug 15 09:15:13 PDT 2002

30100 unions -- rank: 1000

billbartlett at dodo.com.au wrote: >They've figured it out, its the people who want to be capitalists >that are trying to figure it out. Which audience was your book aimed >at Anyone who can read at the 12th grade level or better. > and how much money did you make out of it? That's a pretty fucking charming question. > >Really? By buying already-existing shares of stock? Do tell how. > >I should have thought this was elementary. Indulge me. I'm thick. > They contrib ...

Document Size:	6694
Author:	Doug Henwood
Date:	Thu Aug 15 09:08:34 PDT 2002

30101 Abstraction & Sophomoric Irony -- rank: 1000

billbartlett at dodo.com.au wrote: >According to my analysis and definition of class, small shopkeepers >are objectively working class. Even though they have no employer, may be employers themselves, live off the profits of enterprise, and tend to vote for conservative parties? Doug

Document Size:	4856
Author:	Doug Henwood
Date:	Thu Aug 15 08:55:13 PDT 2002

30102 "Anarchy Reigns in Social Production" re: unions -- rank: 1000

Yoshie Furuhashi wrote: >Engels's answer still holds true Isn't that reassuring? Of course, Engels didn't live in a world in which the joint-stock company was the principal economic form - one owned by external shareholders and run by professional managers. In some sense, these give the system more visible structure and coherence than it had in the 19th century, but it also makes the pathways of exploitation and SV distribution more obscure. A mineworker can't point to the guy up the hill who ...

Document Size:	5439
Author:	Doug Henwood
Date:	Thu Aug 15 08:51:57 PDT 2002

30103 unions -- rank: 1000

Tahir Wood wrote: >The "knowing the enemy" bit is great, but what can "socialising >capital" even mean? I thought that capital was anti-social >"essentially". Maybe you mean something shorter term, like put the >"commanding heights in the hands of the people" or something like >that. Hmmm.... But in the longer term, money in all its forms must >surely go, no? That's the dream, isn't it? I quote Negri too often saying "Money has but o ...

Document Size:	5195
Author:	Doug Henwood
Date:	Thu Aug 15 08:32:50 PDT 2002

30104 unions -- rank: 1000

Lew Higgins wrote: > > -----Original Message----- >> From: Doug Henwood > >> Subject: re: unions > >> When Marxists talk about socializing >> capital, just what is the target (banks? pension funds? MNCs? the >> corner drycleaners?), and what would be done with them? > >I'm not sure which Marxists you may be referring to but Marx and most >Marxists talk about socializing the ownership of the means of production >(i.e. land, factories, ra ...

Document Size:	5869
Author:	Doug Henwood
Date:	Thu Aug 15 08:26:28 PDT 2002

30105 the return of anti-americanism -- rank: 1000

Ian Murray wrote: >Global warmth for U.S. after 9/11 turns to frost > >By Ellen Hale, USA TODAY Damn, this must be serious if it gets to USAT! Doug

Document Size:	4667
Author:	Doug Henwood
Date:	Thu Aug 15 08:11:15 PDT 2002