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32491 musical question -- rank: 1000

In her splendid song "Music," Madonna sings something like "Music makes the bourgeoisie into rebels," or "Music mixes bourgeoisie with the rebels." Anyone know what the line is? Doug

Document Size:	4538
Author:	Doug Henwood
Date:	Sat Jan 6 17:48:47 PST 2001

32492 Ex Cathedra Announcements From Houston -- rank: 1000

Now now comrades, let's not throw around all these nasty words. Doug

Document Size:	4558
Author:	Doug Henwood
Date:	Sat Jan 6 17:26:17 PST 2001

32493 Fwd: RE: Weisbrot: the Long Haul -- rank: 1000

Michael Pollak wrote: >On Sat, 6 Jan 2001, Doug Henwood wrote: > >> >Interesting. So if we extrapolate from this, whether there was a surplus >> >or deficit never entered into Greespan's thinking when he made this >> >crucial decision to loosen? So the association of looser policy and >> >surpluses is completely accidental? >> >> I wouldn't say completely accidental; no doubt they were a >> contributing factor. But his fear of d ...

Document Size:	5635
Author:	Doug Henwood
Date:	Sat Jan 6 12:48:21 PST 2001

32494 Fwd: RE: Weisbrot: the Long Haul -- rank: 1000

Michael Pollak wrote: >Interesting. So if we extrapolate from this, whether there was a surplus >or deficit never entered into Greespan's thinking when he made this >crucial decision to loosen? So the association of looser policy and >surpluses is completely accidental? I wouldn't say completely accidental; no doubt they were a contributing factor. But his fear of deflation is what pushed him to dump NAIRU. Doug

Document Size:	4939
Author:	Doug Henwood
Date:	Sat Jan 6 11:49:59 PST 2001

32495 Fwd: RE: Weisbrot: the Long Haul -- rank: 1000

Michael Pollak wrote: >On Sat, 6 Jan 2001, Doug Henwood wrote: > >> We'd be even better off - in human if not macroeconomic terms - if we >> had a national health insurance system, publicly funded childcare, >> free tuition K-PhD, environmental reconstruction, rebuilt slums, etc. >> Can't do that if your primary fiscal goal is paying down debt. > >Completely agreed. But given the balancing out link between deficits and >monetary policy that's been on s ...

Document Size:	5641
Author:	Doug Henwood
Date:	Sat Jan 6 11:46:11 PST 2001

32496 Atlas Flinched -- rank: 1000

Patrick Bond wrote: >Actually, it's not merely "wasted" per se, it reflected a shift of >investment trends towards fundamentally speculative -- not >immediately (or even realistically medium-term) value-extractive -- >activities... simply because that's where short-term-oriented >investors felt they could realise a higher capital gains (until >March 2000 they were right). Actually I don't know where the real investment went over the last few years. Do you? > >&g ...

Document Size:	14459
Author:	Doug Henwood
Date:	Sat Jan 6 11:43:02 PST 2001

32497 Fwd: RE: Weisbrot: the Long Haul -- rank: 1000

Christian Gregory wrote: >But was Fed policy consistently tight over this period? I thought the Fed >started easing rates in 95, after the Mexican bailout. The easing pattern >continued, didn't it, even through the cuts of 1998 in the face of the Asian >crisis? This pattern of cuts--three consecutive cuts beginning in Jan. of >95--started quite a bit before we were showing surpluses. > >That would not negate the importance of AG's suspicion of NAIRU in helping >the bubble ...

Document Size:	5749
Author:	Doug Henwood
Date:	Sat Jan 6 11:03:48 PST 2001

32498 (no subject) -- rank: 1000

LeoCasey at aol.com wrote: >Say Doug, since you are still broadcasting on WBAI as of yesterday [hell, I >have to admit that your on air voice is kinda sexy], Why thanks. > do you want to offer >your take on the latest turn of events there? Is Utrice Leid the second >coming of Benedict Arnold? Has Amy Goodman gone off the deep end? Or is it >all a tempest in a tea pot? I don't know what to make of it all. I think the hardcore Savepacifica types are way overdramatizing, but on t ...

Document Size:	6189
Author:	Doug Henwood
Date:	Sat Jan 6 10:47:20 PST 2001

32499 Fwd: RE: Weisbrot: the Long Haul -- rank: 1000

Michael Pollak wrote: >On Fri, 5 Jan 2001, Mark Weisbrot wrote: > >> If I had to explain the current expansion in a few sentences, I would >> attribute it to (1) the stock market bubble which generated some >> trillions of dollars of wealth and therefore hundreds of billions in >> demand from those enriched and (2) major change in Fed policy 5 and a >> half years ago, when they abandoned the 6 percent NAIRU and allowed >> the unemployment rate to f ...

Document Size:	5965
Author:	Doug Henwood
Date:	Sat Jan 6 10:32:45 PST 2001

32500 Fwd: RE: Weisbrot: the Long Haul -- rank: 1000

Date: Fri, 05 Jan 2001 18:46:06 -0500 To: Doug Henwood <dhenwood at panix.com> From: Mark Weisbrot <weisbrot at cepr.net> Running budget surpluses is a drag on the economy-- the reasoning is included in the basic Keynesian, Econ 101 model. If I had to explain the current expansion in a few sentences, I would attribute it to (1) the stock market bubble which generated some trillions of dollars of wealth and therefore hundreds of billions in demand from those enriched and (2) major cha ...

Document Size:	7182
Author:	Doug Henwood
Date:	Fri Jan 5 15:51:26 PST 2001

32501 FWD: How Many Nader Supporters Does It Take... -- rank: 1000

LeoCasey at aol.com wrote: >Q: How many Nader supporters does it take to change a light bulb? Gosh, that was funny. Q: How many Teamsters does it take to change a light bulb? A: Thirteen. You got a problem with that? Doug

Document Size:	4857
Author:	Doug Henwood
Date:	Fri Jan 5 15:56:26 PST 2001

32502 Ashcroft & Race -- rank: 1000

Wojtek Sokolowski wrote: >Doug, this is precisely the kind of reasoning thak makes good headlines but >poor science. Income disparity has been relatively well studied. It >naturally yields itself to regression that allows the separation of the >effects of different variables. These studies were able to seprate the >effects of industry, qualifications, position, or seniority from those of >sex or race. It turned out that the effect of sex and race were not as >strong as th ...

Document Size:	6009
Author:	Doug Henwood
Date:	Fri Jan 5 13:11:22 PST 2001

32503 Annoying Question -- rank: 1000

matt hogan wrote: > How much information should one gather before rendering a decision? Keep gathering until the cost of getting new information equals its potential benefit (appropriately discounted, of course). Gosh, isn't economics useful? Doug

Document Size:	4572
Author:	Doug Henwood
Date:	Fri Jan 5 12:45:24 PST 2001

32504 silence -- rank: 1000

Those of you trading stocks, here's the reading from my telphone indicator (i.e., when I get calls from mainstream reporters about a stock market slide, it's getting close to the bottom): no calls yet. Doug

Document Size:	4413
Author:	Doug Henwood
Date:	Fri Jan 5 12:17:53 PST 2001

32505 Atlas Flinched -- rank: 1000

Michael Pugliese wrote: >Finally wanted to include some choice bits from the statements of >Comissioners of the Ca. PUC yesterday, but, their website does not seem to >have a transcript of the meeting yesterday.The long story last night on >KPFA, the Berkeley Pacifica station, had the most remarkable condemnations >of the free market and deregulation, some from self-confessed Reaganites >like Richard Bilas. My second-favorite rightwing nut economist, Larry Kudlow, was ventilati ...

Document Size:	4958
Author:	Doug Henwood
Date:	Fri Jan 5 11:30:08 PST 2001