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34726 privatizing water -- rank: 1000

Michael Perelman wrote: >Regarding the last sentence about competition: Water suppliers are >generally a >monopoly unless you imagine the monopoly supplier in South Africa >competing against >the monopoly supplier in India. Or am I missing something. Well there's Evian vs. Perrier vs. San Pellegrino - that's a kind of competition. Make the stuff more expensive than gasoline, and the supply issues will take care of themselves, not to mention energy and transportation policy. Doug

Document Size:	4885
Author:	Doug Henwood
Date:	Wed Mar 22 14:04:54 PST 2000

34727 Fed ineffectual so far... -- rank: 1000

Christian A. Gregory wrote: >It was a really interesting discussion. A question I had then, but forgot to >ask: What's the "float"? Float is the number of shares out & publicly available for trading. Doug

Document Size:	4621
Author:	Doug Henwood
Date:	Wed Mar 22 11:55:03 PST 2000

34728 Nathan on open source -- rank: 1000

Everyone's favorite humanitarian imperialist, Nathan Newman, has an article in the current American Prospect on open-source software and its threat to Microsoft <http://www.prospect.org/archives/V11-10/newman-n.html>. Nathan, you shoulda told us! Doug

Document Size:	4762
Author:	Doug Henwood
Date:	Wed Mar 22 11:50:18 PST 2000

34729 Constitution & guns -- rank: 1000

[Dan Lazare just sent me this delight. How exciting it must be to make enemies like this!] I just came across on the net some comments made by NRA chieftain Wayne LaPierre last Constitution Day (September 17, 1999) at the Hyatt Regency in Long Beach, CA. Thought you might enjoy them. "Thank you. I really appreciate the chance to be here with you today, and all the good work that the Claremont Institute does.... "Anyway, I was reading in the new issue of Harper's Magazine that's on the ...

Document Size:	9441
Author:	Doug Henwood
Date:	Wed Mar 22 12:20:45 PST 2000

34730 [Fwd: THE TEARS OF THE MIGHTY] -- rank: 1000

Charles Brown wrote: >This is a general "advantage" in arguments for those who take no >definite positions. They can criticize everybody else, but can't be >criticized themselves because they have no definite position to >criticize. So keep criticizing my indefiniteness! Doug PS: Apologies for double-posting the perverse/orthodox comment; in an odd mailing glitch, it somehow got stuck to Jude Wanniski's memo to Pat.

Document Size:	4914
Author:	Doug Henwood
Date:	Wed Mar 22 12:12:26 PST 2000

34731 Jude loses patience with Pat -- rank: 1000

Polyconomics' Daily Memo on the Margin (commentary taken from http://www.polyconomics.com) March 22, 2000 Those Buchanan Thunderbolts To: Pat Buchanan From: Jude Wanniski Re: You Are Scaring Me After six months of trying to persuade you privately that your understanding of international trade and economics is a bit eccentric -- and will prevent you from getting out of single digits in your presidential bid -- it is time to go public. As much as I admire your views on a host of public policy issu ...

Document Size:	10352
Author:	Doug Henwood
Date:	Wed Mar 22 12:07:14 PST 2000

34732 perversion -- rank: 1000

Charles Brown wrote: >My speech is never perverse. So that is not to your credit. You're right, it's never perverse; it's always quite orthodox in fact. Can't imagine what I was thinking. Sorry. Doug

Document Size:	4515
Author:	Doug Henwood
Date:	Wed Mar 22 12:06:50 PST 2000

34733 Fwd: NATO loves Russia -- rank: 1000

[Elena asked if it was ok to post this; I reformatted it & did. Originally from Johnson's Russia List. What about the "conspiracy" to destroy Russia economically to plunder its natural resources for a song, while snuffing a potential rival?] From: IRASTRAUS at aol.com (Ira Straus) Subject: Re: the capitalist conspiracy, and the real motivations of the West Dan Cisek (JRL 4187) has, by comparison with the cases of Poland and Ukraine, amply disproved the "capitalist conspiracy&q ...

Document Size:	12778
Author:	Doug Henwood
Date:	Wed Mar 22 11:59:17 PST 2000

34734 privatizing water -- rank: 1000

[Serageldin's denial in the last paragraph should evoke Claud Cockburn's great law: never believe anything until it's been officially denied. When they talk about targeting subsidies to the poorest, that's a backdoor way of saying something should be commodified.] WORLD BANK SAYS 'COMMUNITY ACTION' BETTER FOR PROVIDING WATER. Governments should be enablers and regulators of community action for the efficient delivery of water, not water service providers, reports Businessworld (the Philippines). ...

Document Size:	7014
Author:	Doug Henwood
Date:	Wed Mar 22 09:33:59 PST 2000

34735 IPO lockups -- rank: 1000

[lots of lockups are starting to expire...] "The Expiration of IPO Share Lockups" BY: LAURA CASARES FIELD Penn State University GORDON HANKA Penn State University Document: Available from the SSRN Electronic Paper Collection: http://papers.ssrn.com/paper.taf?abstract_id=205011 Date: January 14, 2000 Contact: LAURA CASARES FIELD Email: Mailto:lcf4 at psu.edu Postal: Penn State University Smeal College of Business 609D BAB I University Park, PA 16802 USA Phone: (818)865-1483 Fax: ...

Document Size:	6202
Author:	Doug Henwood
Date:	Wed Mar 22 09:28:35 PST 2000

34736 Fed ineffectual so far... -- rank: 1000

Enrique Diaz-Alvarez wrote: >A little man on a little suit. On the other hand, it seems that the >deluge of IPO scams is starting to have an effect: > >http://www.ntrs.com/rd/rd35/rd35fr.html > >(Click on March 20th economic comementary) He's got a point, but more stock was still retired than issued last quarter, and credit conditions aren't yet hostile enough. Though things are probably tending in a more hostile direction on both scores. Another negative: free cash flow for no ...

Document Size:	5302
Author:	Doug Henwood
Date:	Wed Mar 22 09:22:44 PST 2000

34737 [Fwd: THE TEARS OF THE MIGHTY] -- rank: 1000

Charles Brown wrote: >My speech is never perverse. So that is not to your credit. You're right, it's never perverse; it's always quite orthodox in fact. Can't imagine what I was thinking. Sorry. Doug

Document Size:	4706
Author:	Doug Henwood
Date:	Wed Mar 22 09:14:00 PST 2000

34738 SK GDP +13% -- rank: 1000

Wall Street Journal - March 22, 2000 South Korea's Economy Grew 13% In 4th Quarter, Meeting Forecasts Dow Jones Newswires SEOUL, South Korea -- South Korea's gross domestic product grew 13% on year during the fourth quarter of 1999, compared with a contraction of 5.9% during the same quarter a year before, the Bank of Korea said Wednesday. For the full-year 1999, GDP grew 10.7%, compared with a contraction of 6.7% in 1998, the central bank said in its preliminary report. The latest figures were ...

Document Size:	8164
Author:	Doug Henwood
Date:	Wed Mar 22 06:18:52 PST 2000

34739 Fed ineffectual so far... -- rank: 1000

[Borrowing to fund stock buybacks; gotta love the New Economy.] Wall Street Journal - March 22, 2000 Big Borrowers Are Unfazed By Federal Reserve's Moves By PAUL M. SHERER and GREGORY ZUCKERMAN Staff Reporters of THE WALL STREET JOURNAL It isn't only the stock market that is defying the Federal Reserve. So are (get ready for a big list) the bond market, the mortgage market, the corporate-loan market. In short, a lot of what has to do with borrowing. "The miracle is that mortgage rates have ...

Document Size:	12425
Author:	Doug Henwood
Date:	Wed Mar 22 06:14:32 PST 2000

34740 [Fwd: THE TEARS OF THE MIGHTY] -- rank: 1000

Charles Brown wrote: >Put it down in your diary. Doug took a definite position on something. > >This is not a Marxist list, but it is definitely for state >protection of Nazi and KKK speech. ...and if I had an investment in developing some sort of purified Marxism, I'd say that this position of yours isn't even Marxist; I'd point to Marx's articles on freedom of the press that Angela posted here long ago. I might have even done that a year or two ago. Doug

Document Size:	4974
Author:	Doug Henwood
Date:	Wed Mar 22 05:52:30 PST 2000