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34396 The China Deal: If You Can't Sell It, Buy It -- rank: 1000

Michael Perelman wrote: >Interesting. You said that employment as not decreased all that much, >so then value added per manufacturing worker has not been increasing >much. Is that correct? Flattish employment plus a 32% increase in real value-added seems a bit more than "not much." Here are some more numbers. value- full-time VA/ added equiv wkrs FTE 1992$mill (thous) 1992$ 1987 1,041,675 18,594 56,022 1988 1,111,013 ...

Document Size:	6093
Author:	Doug Henwood
Date:	Sun May 21 15:14:48 PDT 2000

34397 The China Deal: If You Can't Sell It, Buy It -- rank: 1000

Michael Perelman wrote: >Does that measure value added or final products? Final product. For value added, see <http://www.bea.doc.gov/bea/dn2/gpo.htm>. In 1987, manfuacturing accounted for 19% of total value-added; in 1997, 17%. In real terms, v-a was up 32%. Durable goods were up 48%. Finance was up just 27%! Doug

Document Size:	4998
Author:	Doug Henwood
Date:	Sun May 21 14:41:19 PDT 2000

34398 The China Deal: If You Can't Sell It, Buy It -- rank: 1000

Tom Lehman wrote: >Doug---How long can you hollow out the goods producing sector of the >economy? That's the situation that will prove itself to be >unsustainable---the question is how much longer can this trend be pushed, >and, at what economic, political and social cost? The Fed's index of manufacturing production is up 49% since NAFTA took effect. How does that qualify as a "hollow[ing] out of the goods-producing sector"? Doug

Document Size:	5108
Author:	Doug Henwood
Date:	Sun May 21 14:11:11 PDT 2000

34399 covert war against rock & roll -- rank: 1000

Someone on another list mentioned Alex Constantine's The Covert War Against Rock'n'Roll. The argument, it seems, is that "everyone w/the slightest bit of political gumption" was "tracked & tormented" during the Nixon years. Anyone know anything about this? Doug

Document Size:	4780
Author:	Doug Henwood
Date:	Sun May 21 13:19:47 PDT 2000

34400 The China Deal: If You Can't Sell It, Buy It -- rank: 1000

Tom Lehman wrote: >Doug---You raise the same question that John Boy raised a few weeks ago. >"Your on unemployment or welfare, but hey, things are cheaper?" > >The question is who long can this situation be sustained? What situation? The unemployment rate hasn't been this low since January 1970, and then 58% of the adult population was employed, vs. 65% now. The unemployment rate in the midwest is 3.3%. And who's "John Boy"? Doug

Document Size:	5121
Author:	Doug Henwood
Date:	Sun May 21 12:48:04 PDT 2000

34401 The China Deal: If You Can't Sell It, Buy It -- rank: 1000

[and I respond to Mark Weisbrot] >I'm not sure what your argument is. The standard argument you see in >the business press is that the lower import prices "allowed" the Fed >to refrain from raising interest rates, and therefore let the >economy grow faster than it otherwise would have. But this takes Fed >policy as fixed and necessary; I can't believe this is what you are >saying. It is in part. But what I really want to challenge is the idea, common on the left, that ...

Document Size:	8163
Author:	Doug Henwood
Date:	Sun May 21 11:47:59 PDT 2000

34402 Fwd: Re: The China Deal: If You Can't Sell It, Buy It -- rank: 1000

[Mark Weisbrot responds...] Date: Sat, 20 May 2000 19:52:23 -0400 From: Mark Weisbrot <weisbrot at cepr.net> Subject: Re: The China Deal: If You Can't Sell It, Buy It Doug, I'm not sure what your argument is. The standard argument you see in the business press is that the lower import prices "allowed" the Fed to refrain from raising interest rates, and therefore let the economy grow faster than it otherwise would have. But this takes Fed policy as fixed and necessary; I can't bel ...

Document Size:	8460
Author:	Doug Henwood
Date:	Sun May 21 11:29:56 PDT 2000

34403 The China Deal: If You Can't Sell It, Buy It -- rank: 1000

Mark Weisbrot wrote in his latest column: > Let's get one thing straight: a widening trade deficit cannot >create growth or jobs. One can argue, under certain assumptions, >that exports create jobs. But by the exact same logic, imports take >them away. So when imports exceed exports-- as they do now by a >record amount-- it means that trade can only have a negative >impact on employment and growth. As with the EPI argument, I think this is way too simple; it assumes th ...

Document Size:	6147
Author:	Doug Henwood
Date:	Sat May 20 15:26:37 PDT 2000

34404 Dolan responds to his critics -- rank: 1000

[from another list - Mike Dolan responds to those who've criticized him for buddying up to assorted creeps like Buchanan] From: "Michael Dolan" <mdolan at citizen.org> Date sent: Wed, 17 May 2000 15:30:21 -0400 Enough already! This is an important piece of writing. Reasonable minds will come to different conclusions about implied prospective strategies in our shared struggle against corporate globalization. But I must object to the continued mischaracterization of my r ...

Document Size:	6321
Author:	Doug Henwood
Date:	Sat May 20 14:11:40 PDT 2000

34405 Fwd: Why Not Capitalism -- rank: 1000

[via Michael Eisenscher; Marta, you should have told us!] If you pass this comment along to others, please include an explanation that Commentaries are a premium sent to Sustainer Donors of Z/ZNet and that to learn more about the project folks can consult ZNet (http://www.zmag.org) and specifically the Sustainer Pages (http://www.zmag.org/Commentaries/donorform.htm. And here is today's ZNet Commentary Delivery from Marta Russell. ============ Why not Capitalism? By Marta Russell Society still pe ...

Document Size:	16309
Author:	Doug Henwood
Date:	Sat May 20 14:04:15 PDT 2000

34406 NYC wages -- rank: 1000

Michael Pollak wrote: > >On Fri, 19 May 2000, Doug Henwood wrote: > >> A few more bits of info on NYC wages, courtesy of Heather Boushey: > >Out of curiousity, do you have handy the NYC median annual income for >people with a a four year college diploma? Could that be the backround >image that makes college educated people think average wages are so much >higher than they actually are? Heather's going to ship me more numbers next week for NYC, but here are the nat ...

Document Size:	7365
Author:	Doug Henwood
Date:	Sat May 20 13:53:19 PDT 2000

34407 Courtney Love on Napster -- rank: 1000

[from Sam Smith's Progressive Review] COURTNEY LOVE, DIGITAL HOLLYWOOD CONFERENCE: It's become quite fashionable lately for artists to express outrage at music piracy, and I'm a fashionable gal. Stealing artists' music without paying for it fairly is absolutely piracy, and I'm talking about major-label recording contracts, not Napster. Stealing our copyright provisions in the dead of night when no one is looking is piracy. It's not piracy when kids swap music over the Internet using Napster. The ...

Document Size:	5138
Author:	Doug Henwood
Date:	Fri May 19 16:41:38 PDT 2000

34408 New York Times News Alerts Bulletin -- rank: 1000

Max B. Sawicky wrote: >I've been hearing William Weld is a possible >replacement. Yes, that was the buzz, but my guru Jude Wanniski said it's too late for him. Doug

Document Size:	4689
Author:	Doug Henwood
Date:	Fri May 19 14:42:30 PDT 2000

34409 How to Hack a Bank -- rank: 1000

Charles Brown wrote: >'Breaking the Bank' packs the house > >By Terrie Albano > >"Breaking the Bank: A Challenge to the IMF/World Bank," produced by >the Independent Media Center - DC, shows the people's side of the >April demonstrations against the International Monetary Fund and the >World Bank. Gotta admire the new CPUSA - nothing if not up with the latest trends! Doug

Document Size:	4811
Author:	Doug Henwood
Date:	Fri May 19 14:06:43 PDT 2000

34410 Fwd: New York Times News Alerts Bulletin -- rank: 1000

NEWS ALERT The New York Times on the Web Friday, May 19, 2000 -------------------------------------------------- Giuliani Pulls Out of Senate Race New York Mayor Rudolph Giuliani announced during a Friday afternoon press conference that he is ending his Senate campaign against Hillary Rodham Clinton. Full story: http://www.nytimes.com/yr/mo/day/late/19cnd-giuliani.html?na0519 For news updated throughout the day, visit www.nytimes.com

Document Size:	5039
Author:	Doug Henwood
Date:	Fri May 19 13:17:43 PDT 2000