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32446 CNNdn -- rank: 1000

Looks like Zack Exley - of GWBush.com and TheGreatCrash.com - is at it again: <http://cnndn.com/>. Doug

Document Size:	4559
Author:	Doug Henwood
Date:	Sat Jan 13 08:01:58 PST 2001

32447 On the Defense of Parasitic Finance -- rank: 1000

Max Sawicky wrote: >To take an example, there is ample evidence for a >critique of finance in regard to denying capital >to urban, minority communities for housing and >business formation. This does not require one to >celebrate the management practices of the businesses >that might be financed under alternative policies. What alternative policies? I like Leo Panitch's idea of replacing the Community Reinvestment Act with a tax on all financial institutions, the proceeds used ...

Document Size:	5700
Author:	Doug Henwood
Date:	Fri Jan 12 16:11:38 PST 2001

32448 2001-01-12 Statement by Baily on 2001 ERP -- rank: 1000

Seth Ackerman wrote: >According to the Wall Street Journal, this statement is supposed to be based >on a forthcoming paper by Robert Z. Laurence that uses new data to argue, >contra Robert Gordon, that productivity improvements have been seen in >industries that use info tech -- not just those that manufacture it. > >Do you know anything about this, Doug? Sounds like it may be a chapter in the Economic Report of the President, which I'm just downloading in the background. <h ...

Document Size:	5141
Author:	Doug Henwood
Date:	Fri Jan 12 15:59:36 PST 2001

32449 Parasites and Geography in the Political Imagination -- rank: 1000

[Bounced bec from a non-sub'd address. Leo, have you joined the Panix club? This for some reason was also a formatting nightmare, with bad line breaks and =20s scattered throughout.] From: LeoCasey at dont.panix.com Message-ID: <b6.fc78899.2790ceeb at UNKNOWN> Date: Fri, 12 Jan 2001 16:19:39 EST I find two of the recent threads interesting, and somewhat parallel in their themes. It has been a staple of anti-Semitic discourse over the past two centuries to connect Jews to finance capital, a ...

Document Size:	9580
Author:	Doug Henwood
Date:	Fri Jan 12 16:04:46 PST 2001

32450 On the Defense of Parasitic Finance -- rank: 1000

Max Sawicky wrote: >DH: >"Most plant and equipment investment is financed internally." > >mbs: Quite so. It is *financed.* Through profits, that is, no external creditor is involved. >mbs: Your connotation of "separate" is murky to me. >Clearly production can take place without finance, or >with drastically reformed finance, but finance without >production is meaningless. How can capitalist production take place without the involvement of money? How ...

Document Size:	7053
Author:	Doug Henwood
Date:	Fri Jan 12 15:53:22 PST 2001

32451 On the Defense of Parasitic Finance -- rank: 1000

Max Sawicky wrote: >I wouldn't try to make such a distinction in a >comprehensive fashion for analytical purposes. > >I would name financial persons for propaganda purposes. >It's the apparatus and what it does that matters. One >could also name those, manufacturing or financial types, >who deserve credit for some kind of good, if exceptional >and uncharacteristic, behavior. So you're saying that the entire system of outside ownership of corporations should be the target? ...

Document Size:	5216
Author:	Doug Henwood
Date:	Fri Jan 12 13:16:35 PST 2001

32452 Fwd: 2001-01-12 Statement by Baily on 2001 ERP -- rank: 1000

THE WHITE HOUSE Office of the Press Secretary ________________________________________________________________________ For Immediate Release January 12, 2001 STATEMENT BY MARTIN N. BAILY CHAIRMAN, COUNCIL OF ECONOMIC ADVISERS Over the last eight years, the U.S. economy has enjoyed the emergence of a "New Economy," during which the country achieved a remarkable record of broad and inclusive growth that has provided some of the largest gains to those at ...

Document Size:	8803
Author:	Doug Henwood
Date:	Fri Jan 12 12:56:13 PST 2001

32453 bay guardian interview Bursting bubbles Doug Henwood says mean things about the new economy. -- rank: 1000

Carl Remick wrote: >That was actually addressed to whom it may concern. Maybe Verso's >dragging its feet here. They're innocent. I haven't quite finished the damn thing yet. I view it as a dance on the grave of the New Economy. But the partisans are now gathering to pronounce the thing still alive and breathing. Doug

Document Size:	5384
Author:	Doug Henwood
Date:	Fri Jan 12 12:35:59 PST 2001

32454 On the Defense of Parasitic Finance -- rank: 1000

Max Sawicky wrote: >1. The financial system is the medium through >which small-C capital (plant and equipment) >is allocated. Most plant and equipment investment is financed internally. >2. Capital allocation -- the withholding of >capital to an area, region, industry, or enterprise -- >is a weapon wielded against the working class >and other small producers, including through >the filter of race, gender, and other prejudices. > >3. To swallow finance -- capital ...

Document Size:	7003
Author:	Doug Henwood
Date:	Fri Jan 12 12:03:08 PST 2001

32455 Ashcroft Appearance on Schlafly's 1997 Conspiracist Video -- rank: 1000

Chip Berlet wrote: >John Ashcroft appeared in a 1997 video from Phyllis Schlafly’s Eagle >Forum that >portrayed the feminist movement, multiculturalism, reproductive rights, gay >rights, environmental concerns, global cooperation, and even chemical weapons >treaties as part of a secret conspiracy to promote a socialist One World >Government and New World Order. You mean they're not? I'm so disappointed! Doug

Document Size:	5238
Author:	Doug Henwood
Date:	Fri Jan 12 11:51:21 PST 2001

32456 the tragedy of sex -- rank: 1000

The latest installment of my favorite feature of Workers Vanguard, the p. 2 box anchored by photos of Trotsky and Lenin and usually containing a quote from one of those two sages, has unusually a quote from Isaac Deutscher's "On Socialist Man": "May I remind you that Trotsky, for instance, speaks of three basic tragedies - hunger, sex, and death - besetting man." Sex? Doug

Document Size:	4697
Author:	Doug Henwood
Date:	Thu Jan 11 20:57:49 PST 2001

32457 pursuit -- rank: 1000

Oh yes, the Deutscher quote concludes: "Yes, socialist man will still be pursued by sex and death, but we are convinced that he will be better equipped than we are to cope even with these." Doug

Document Size:	4423
Author:	Doug Henwood
Date:	Thu Jan 11 20:59:20 PST 2001

32458 credit cards -- rank: 1000

Just rediscovered this old quote from Ross Johnson, CEO of RJR in the 1980s, on "the three rules of Wall Street": "Never play by the rules. Never pay in cash. And never tell the truth." Originally in Barbarians @ the Gate, it's quoted in Credit Card nation: The Conseqauences of America's Addiction To Credit." I didn't read it thourougly, just did a radio read to interview the author Robert Manning this afternoon. Looks good, even if he did spend too much time on the leve ...

Document Size:	5188
Author:	Doug Henwood
Date:	Thu Jan 11 20:24:03 PST 2001

32459 "closure" at No Gun Ri -- rank: 1000

THE WHITE HOUSE Office of the Press Secretary (Dover, New Hampshire) ________________________________________________________________________ For Immediate Release January 11, 2001 STATEMENT BY THE PRESIDENT On behalf of the United States of America, I deeply regret that Korean civilians lost their lives at No Gun Ri in late July, 1950. The intensive, yearlong investigation into this incident has served as a painful reminder of the tragedies of war and the scar ...

Document Size:	6468
Author:	Doug Henwood
Date:	Thu Jan 11 12:03:39 PST 2001

32460 Norton on civil war -- rank: 1000

Washington Post - January 11, 2001 A Battle Cry From Interior Nominee By John Mintz Washington Post Staff Writer In a 1996 speech to a conservative group, Interior Secretary-designate Gale A. Norton likened her struggle to preserve states' rights to the cause of the Confederacy, saying, "We lost too much" when the South was defeated in the Civil War. Norton, then Colorado's attorney general, described slavery as the kind of "bad facts" that can undermine an otherwise powerful ...

Document Size:	11183
Author:	Doug Henwood
Date:	Thu Jan 11 11:14:23 PST 2001