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34351 Social Security Econometric Help Needed -- rank: 1000

John K. Taber wrote: >Is this saying that the historical GDP growth has been adjusted >for the new CPI? And that the effect is to make the historical >GDP growth higher? Yup. Here's a comparison of the 5-year average growth rates in the old series, based on 1992 dollars, and the revision, based on 1996 dollars with the new techniques: new (96$) old (92$) 1950-55 4.48% 4.43% 1955-60 2.34% 2.49% 1960-65 4.96% 4.95% 1965-70 3. ...

Document Size:	5422
Author:	Doug Henwood
Date:	Thu May 25 09:50:35 PDT 2000

34352 WB and IMF -- rank: 1000

J. Barkley Rosser, Jr wrote: > I am curious. Please give some examples of >nasty adjustment loans the WB has been involved in. >I am seriously curious. It may be that the Metzler >Commission is right about this aspect: make the WB >go back to its original function. Read their annual reports. There's a summary of adjustment lending at <http://www.worldbank.org/html/extpb/annrep/sum9.htm>; an overview of the lending mix at <http://www.worldbank.org/html/extpb/annrep/ ...

Document Size:	6895
Author:	Doug Henwood
Date:	Thu May 25 09:31:35 PDT 2000

34353 Fwd: China Issues -- rank: 1000

X-From_: LeoCasey at aol.com Wed May 24 22:05:03 2000 From: LeoCasey at aol.com Date: Wed, 24 May 2000 22:04:47 EDT Subject: China Issues To: Doug Henwood <dhenwood at panix.com> MIME-Version: 1.0 Doug: The response to my post on Chinese education, which was reproduced on your list, has been brought to my attention. A correction should be noted. >> The Yuan and US dollar equivalent amounts in this article are thoroughly wrong. Or the Yuan has undergone massive revaluations in multi ...

Document Size:	5970
Author:	Doug Henwood
Date:	Thu May 25 09:38:18 PDT 2000

34354 virus message from Flemmings ????? -- rank: 1000

michael at ecst.csuchico.edu wrote: >I am getting virus warning message from the Flemmings mail server, each >time I send a message to LBO. Is it me or does everyone get one? No. Just get the occasional "message censored because of obscenity or joke" report from their Minesweeper. Doug

Document Size:	4870
Author:	Doug Henwood
Date:	Thu May 25 09:36:19 PDT 2000

34355 Run on the Bank -- rank: 1000

J. Barkley Rosser, Jr wrote: > What damage has the "Whirled Bank" done? >Please be precise, no general mumbling about >"globalization" or "world capitalism," please. I try not to use the word "globalization," but why not "world capitalism"? The WB is one of the primary institutions that work to incorporate countries into the global economic hierarchy. "Oh, need hard currency do you? Here, take a loan. Reform your agricultural s ...

Document Size:	5570
Author:	Doug Henwood
Date:	Thu May 25 09:20:43 PDT 2000

34356 China -- rank: 1000

Well, PTNR passed. What next? Doug

Document Size:	4251
Author:	Doug Henwood
Date:	Wed May 24 15:10:52 PDT 2000

34357 Run on the Bank -- rank: 1000

Brad De Long wrote: >If you aren't going to fund your economic development by borrowing >from the industrial core, then you do not need a hard-currency >crisis lender like the IMF or a hard-currency infrastructure lender >like the World Bank. > >But acquiring the resources from domestic savings alone is such a >hard slog. And once one starts drawing on foreign capital, then you >do need a hard-currency crisis lender like the IMF--both for those >times when the internat ...

Document Size:	6176
Author:	Doug Henwood
Date:	Wed May 24 14:50:31 PDT 2000

34358 Soviet nostalgia -- rank: 1000

All you suffering from nostalgia for the USSR: <http://www.funet.fi/pub/culture/russian/html_pages/soviet.html>. Doug

Document Size:	4533
Author:	Doug Henwood
Date:	Wed May 24 14:22:20 PDT 2000

34359 quoting -- rank: 1000

An exasperated listmember writes: >Doug, is there any chance that you >could ask that people refrain from >excessive quoting? I've been printing out and >reading LBO digest for the past week, and >people blithely quote pages of material, >throwing in one or two lines of their own. See, I'm not the only one. Please be sparing with the quotes. Doug

Document Size:	4864
Author:	Doug Henwood
Date:	Wed May 24 13:30:07 PDT 2000

34360 Cooper on SUVs -- rank: 1000

Brett Knowlton wrote: >I read this book a few years ago called _The Maximum Wage_, which argued >for a maximum wage equal to 10 times the minimum. > >In the chapter that argued for why the 10 times rule was decided upon (as >opposed to a 100x rule or a 2x rule), the author presented a graph of >income on the y-axis and %tile on the x-axis, with 0% at the origin. >Basically it was one more way of looking at income inequality, but it was >instructive for this purpose. > ...

Document Size:	5361
Author:	Doug Henwood
Date:	Wed May 24 13:24:04 PDT 2000

34361 WB and IMF -- rank: 1000

J. Barkley Rosser, Jr wrote: > Just got your latest lbo. Found the lead article to >rather confusingly move from discussions of the World >Bank (WB) to the International Monetary Fund (IMF) and >back, although I realize that you understand the difference >between the two. Hmm, I could swear I defined their original roles and said that the differences between the two had blurred considerably since the 1980s debt crisis, with the WB getting into conditionality and structural ...

Document Size:	9849
Author:	Doug Henwood
Date:	Wed May 24 13:18:24 PDT 2000

34362 stock ownership -- rank: 1000

alex lantsberg wrote: >Is Wall Street Now Main Street? >http://www.policy.com/news/dbrief/dbriefarc657.asp >May 17, 2000 -- This year's presidential election will >be the first in which both major-party candidates >recognize that stock owners constitute a majority of >Americans who vote and may soon be a majority of the >general public. The increase in the number of American >investors has had a ripple effect on American politics, >shifting the strategies and rhetoric ...

Document Size:	6333
Author:	Doug Henwood
Date:	Wed May 24 12:43:24 PDT 2000

34363 Kim Jong Il Thinks He's a God-King: Why Ignore It? -- rank: 1000

Brad and Tim, I'm all for discussing the nature of the NK regime, but could we do it without epithets? Yours truly, ListMom

Document Size:	4776
Author:	Doug Henwood
Date:	Wed May 24 11:15:54 PDT 2000

34364 US male doesn't deliver -- rank: 1000

New York Post - May 23, 2000 U.S. MALE DOESN'T DELIVER By BILL HOFFMANN American men may think they're studs - but a new survey suggests they're duds. The June issue of Men's Health says the average American guy has sex only 79 times a year. That's 11/2 times a week, only half as often as men in many other countries. Even more embarrassing is the revelation that American men masturbate almost as often as they make love. The magazine reveals that the average man engages in solo sex about once a w ...

Document Size:	6972
Author:	Doug Henwood
Date:	Wed May 24 11:11:33 PDT 2000

34365 Cooper on SUVs -- rank: 1000

Carrol Cox wrote: >Brad De Long wrote: > >> Wow. That people claim that "those with $100,000 annual incomes... >> are not themselves rich" shows how astonishingly wealthy this society >> has become... and how weird our perceptions are... > >Not at all. Consider the Swineherd in the *Odyssey* -- a slave. But >his position (his relative wealth) was not far from that of someone >making $100,000.00 today. Moreover, his present was pretty much >his ...

Document Size:	6034
Author:	Doug Henwood
Date:	Wed May 24 11:07:57 PDT 2000