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34636 US credit markets -- rank: 1000

DANIEL.DAVIES at flemings.com wrote: >As 1998 proved, certain parts of the bond market (asset backed >securities, mortgage bonds, junk) are really prone to crunch. And when they crunch, all the normal pricing relationships are thrown out of whack, and some derivatives, which are structured assuming normal pricing relationships, can go very sour. Last time that happened, we had LTCM, so the Fed never really let the process run its course. You say: >I personally am sceptical of whether cr ...

Document Size:	5396
Author:	Doug Henwood
Date:	Thu Mar 30 06:09:41 PST 2000

34637 Fwd: LM NEWS: The end of LM magazine -- rank: 1000

James Farmelant wrote: >Which goes to show that "liberals" and "social democrats" can be just >as deadly enemies of freedom of the press and freedom of speech as >Tories or Republicans, nay even more dangerous since they can >cloak their repesssiveness with a progressive-sounding veneer. Who are you talking about? I don't know of any social democrats or American liberals who approve of British libel law. Most of the "free speech" fanatics you're likely t ...

Document Size:	5122
Author:	Doug Henwood
Date:	Wed Mar 29 20:49:08 PST 2000

34638 Fwd: [right-left] Whose Gramsci? -- rank: 1000

[speaking of Gramsci & the nonstate realm...] Date: Wed, 29 Mar 2000 21:26:23 +0300 From: Alain Kessi <kessi at kein.org> Here comes another icon of the left that we should probably start having a critical look at - Gramsci. I've been tempted (and still am) to quote Gramsci in a fundamental critique I'm planning to write of the current discourse on "civil society" (another right-left topic) with which the New Center would like to make us believe that their powerful attack aga ...

Document Size:	24577
Author:	Doug Henwood
Date:	Wed Mar 29 10:48:45 PST 2000

34639 don't trust the census -- rank: 1000

I'm a major consumer of Census data, so I find it disturbing when people talk about not responding. One of the enduring mysteries of American life is how well the statistical apparatus documents just how awful things can be - like inequality and poverty, deprivation and violence - and how open and dedidcated the statisticians are about their work. When I was doing my State of the USA Atlas, the British editor was stunned that I could call up Census people and get unpublished data or talk to them ...

Document Size:	5062
Author:	Doug Henwood
Date:	Wed Mar 29 10:04:25 PST 2000

34640 Kohler on IMF reform -- rank: 1000

[from the WB's daily clipping service] IMF MUST FOCUS ON SHORT-TERM LENDING, NOT RADICAL REFORM: KÖHLER. Newly appointed IMF Managing Director Horst Köhler said yesterday the Fund should refocus its efforts on short-term lending, but was not in need of radical reform, the Financial Times (p.16) reports. Köhler, who will take over at the IMF in May, said he would reassess the Fund's role, but that there was no need for "a new grand design" for the IMF. "There is no need to turn ...

Document Size:	9544
Author:	Doug Henwood
Date:	Wed Mar 29 09:56:23 PST 2000

34641 immodest proposal -- rank: 1000

March 23, 2000 WOMEN'S COMMITTEE OF 100/PROJECT 2002 AN IMMODEST PROPOSAL: REWARDING WOMEN'S WORK TO END POVERTY In 2002 the Personal Responsibility and Work Opportunity Restoration Act (PRWORA) will expire, and Temporary Assistance to Needy Families (TANF), the policy it authorizes, will come up for abolition, renewal, or replacement. In anticipation of the debate that will ensue, the Women's Committee of 100/Project 2002 calls for a broadened perspective on women's poverty, including attention ...

Document Size:	15605
Author:	Doug Henwood
Date:	Wed Mar 29 09:35:06 PST 2000

34642 net revenues overstated? -- rank: 1000

Industry Standard - March 27, 2000 Are Net Ad Firms Overstating Revenues? The Financial Accounting Standards Board is considering a change that could force DoubleClick (DCLK) , 24/7 Media (TFSM) and other companies to drastically cut reported revenues. Wall Street isn't going to like it. Revenues have become the litmus test for valuing Internet stocks. While other stocks are valued based on multiples of earnings, Net stocks are often valued on multiples of revenue. And as demonstrated last week ...

Document Size:	9719
Author:	Doug Henwood
Date:	Wed Mar 29 06:18:30 PST 2000

34643 Germany's new identity - a nation of immigrants -- rank: 1000

Date: Tue, 28 Mar 2000 22:20:11 -0800 To: Recipient List Suppressed: ; From: David Bacon <dbacon at igc.org> GERMANY'S NEW IDENTITY - A NATION OF IMMIGRANTS By David Bacon FRANKFURT, GERMANY ( 3/28/00) - Twenty-six years ago, a young theology student, Manuel Campos, fled Portugal one step ahead of the secret police. As the Salazar, and then Caetano, dictatorships crumbled, he and other student activists were swept up in a broad movement of religious leaders, unionists, political militant ...

Document Size:	21402
Author:	Doug Henwood
Date:	Wed Mar 29 06:00:06 PST 2000

34644 Fwd: possibly big news in costa rica -- rank: 1000

X-From_: brad.hatch at mciworld.com Wed Mar 29 00:25:18 2000 Date: Tue, 28 Mar 2000 22:32:03 -0800 From: "brad.hatch" <brad.hatch at mciworld.com> Subject: possibly big news in costa rica To: dhenwood at panix.com MIME-version: 1.0 X-Accept-Language: en Doug, perhaps you could put this on lbo-talk. There was a report on KGNU Boulder about recent events in Costa Rica. As you may have heard, the government is trying to privatise it's utilities. A reporter named Dave was on the pho ...

Document Size:	6096
Author:	Doug Henwood
Date:	Wed Mar 29 05:57:26 PST 2000

34645 globalization poll -- rank: 1000

The globalization poll discussed in that AP story is at <http://www.pipa.org/OnlineReports/Globalization/contents.html>. Doug

Document Size:	4636
Author:	Doug Henwood
Date:	Wed Mar 29 05:52:04 PST 2000

34646 Americans "pro-globalization" (whatever that means) -- rank: 1000

AP - March 28 7:16 PM ET Study Finds Americans Pro-Global By DAVID BRISCOE, Associated Press Writer WASHINGTON (AP) - A study says a large majority of Americans have surprisingly positive attitudes toward a growing globalization trend attacked from both the right and left. While conservatives complain of a shift from American to global values, and labor and environmental groups protest the growing power of global economic institutions, the Program for International Policy Attitudes concludes th ...

Document Size:	7983
Author:	Doug Henwood
Date:	Wed Mar 29 05:46:00 PST 2000

34647 RM 2000 -- rank: 1000

RETHINKING MARXISM announces its fourth International Gala Conference MARXISM 2000 21-24 September (Thursday-Sunday) 2000 University of Massachusetts at Amherst JOIN WITH Jack Amariglio, Enid Arvidson, Margot Backus, Carole Biewener, Joseph Buttigieg, Antonio Callari, John Cammett, S. Charusheela, Stephen Cullenberg, Angela Davis, Mike Davis, Gerard Dumenil, Gregory Elliot, Susan Feiner, Benedetto Fontana, John Foster, Harriet Fraad, Rob Garnett, Norman Geras, Katherine Gibson, Julie Graham, Mic ...

Document Size:	14191
Author:	Doug Henwood
Date:	Wed Mar 29 05:38:36 PST 2000

34648 Fwd: LM NEWS: The end of LM magazine -- rank: 1000

[I sure had my disagreements with these folks, but British libel laws are a total disgrace, and I'm sorry to see this happen.] Date: Wed, 29 Mar 2000 13:24:29 +0100 To: "LM-commentary" <LM-commentary at mail.informinc.co.uk> From: LM <lm at informinc.co.uk> Subject: LM NEWS: The end of LM magazine THE END OF LM MAGAZINE Statement by Mick Hume, editor On Tuesday 14 March, the High Court ordered the connections of LM magazine to pay ITN and two of its journalists a total of £ ...

Document Size:	6620
Author:	Doug Henwood
Date:	Wed Mar 29 05:29:13 PST 2000

34649 BW: Down & Out in Silicon Valley; Q&A with Amy Dean -- rank: 1000

[via Michael Eisenscher] BusinessWeek, 3/27/00 SOCIAL ISSUES Down and Out in Silicon Valley Plenty are left behind by the greatest wealth machine in history Don't talk to Fawnda Stewart about the economic miracle of Silicon Valley. The 24-year-old high-school graduate moved to the fabled Valley in early 1999 from her native Bellingham, Wash., after her marriage of three years ended in divorce. She had heard that jobs were plentiful, and sure enough, Stewart found work packing software for Oracle ...

Document Size:	30627
Author:	Doug Henwood
Date:	Tue Mar 28 13:47:02 PST 2000

34650 what to do -- rank: 1000

Carrol Cox wrote: > Doug, when did you join the Progressive Labor Party? They're >the only ones I know whose slogan is Communism Now! My god, what are you talking about? What is so utopian about worker-run inspection teams? I first got the idea from Joel Rogers, of all people, and I think it's a good one. For all your claims to activism, it seems you're always looking for every excuse why things can't be done. Doug

Document Size:	4741
Author:	Doug Henwood
Date:	Tue Mar 28 11:54:48 PST 2000