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34846 bubble -- rank: 1000

Rakesh Bhandari wrote: >Aren't >they the ones getting hit hard by Greenspan's rate hikes that hurt Old >Economy companies? I don't get this. Why should rate hikes hurt Procter & Gamble? The entities most vulnerable to rate hikes are preposterously valued stocks of profitless companies. And without the endless stream of IPO cash, where will most of these net firms be? Doug

Document Size:	4651
Author:	Doug Henwood
Date:	Fri Mar 10 18:17:58 PST 2000

34847 bubble -- rank: 1000

Rakesh Bhandari wrote: >You breakdown theorists out there can all wait for a crash, I think the >question is how we are going to make the most out of the new vibrant >American technological capitalism, e.g. questions about genetic privacy, >the unemployment effects of automation, the Lessing questions about >architecture, the encouragement of R&D into and adoption of most eco sound >tech, etc. Hmm, there's a saying on Wall Street about when the last bear becomes a bull, th ...

Document Size:	4804
Author:	Doug Henwood
Date:	Fri Mar 10 17:21:15 PST 2000

34848 Fwd: (50 Years) Come to Washington &/or ENDORSE April Mobilization -- rank: 1000

From: wb50years at igc.org Date: Thu, 9 Mar 2000 18:33:03 -0500 Comrades in the Struggle for Global Justice, We write to update and or inform you about what promises to be the largest, most exciting demonstrations against the International Monetary Fund (IMF) and World Bank ever on U.S. soil. In the wake of the massive actions at the Seattle meeting of the World Trade Organization in November/December 1999, activists in North America have turned their attention to the other international institu ...

Document Size:	14880
Author:	Doug Henwood
Date:	Thu Mar 9 16:05:33 PST 2000

34849 wbai -- rank: 1000

kwalker2 at gte.net wrote: > >Folks in NYC (and if the link is working, anyone with RealPlayer 5.x >>and up who visits <http://www.wbaifree.org> can hear Welch talking > >I seem to recall hearing that wbai web broadcast rots. Is this still the >case? I tried to tune in and no go! Evidently it still rots. Sometimes it's very hard to defend actually existing Pacifica. Doug

Document Size:	4753
Author:	Doug Henwood
Date:	Thu Mar 9 15:52:31 PST 2000

34850 bubble -- rank: 1000

Enrique Diaz-Alvarez wrote: >Why? I mean, why now? How's a 390 PE any crazier than 200 or 100, or any >saner than, say, 1000? Do you think American households' credit lines >are about to be tapped out? "Rate rise likely as Greenspan issues stern warning." - headline in today's Financial Times And another unrelated headline in today's FT: "Californians put prisons before schools." Doug

Document Size:	4669
Author:	Doug Henwood
Date:	Thu Mar 9 15:42:57 PST 2000

34851 WFP response to NYP -- rank: 1000

[from this week's New York Press letters column] WFP ASS-CHEAP Andrey Slivka's account ("New York City," 2/23) of the Working Families Party and its recent event with Hillary Clinton was pretentious and insulting. As a young writer's attempt to show off how smug and cynical he is, it was a success, but that's about it. Slivka made no serious attempt to understand the Working Families Party's agenda for the reform of the political landscape of New York state. He asked no questions of an ...

Document Size:	7072
Author:	Doug Henwood
Date:	Thu Mar 9 15:48:14 PST 2000

34852 bubble -- rank: 1000

Jordan Hayes wrote: > > is there any precedent for this? > >Is there any precedent for the chart of world population? Uh, Jordan, the figure Brad quoted was relative to earnings. Until very recently, P/E's were essentially trendless oscillations around a mean. You could say the same for the index relative to its trend. The absolute level of the index isn't very interesting in itself. Doug

Document Size:	4646
Author:	Doug Henwood
Date:	Thu Mar 9 15:35:39 PST 2000

34853 bubble -- rank: 1000

Brad De Long wrote: >NASDAQ has closed over 5000... The trailing p/e of the NASDAQ index is 388.83 That is truly breathtaking. You're an economic historian, Brad; is there any precedent for this? Doug

Document Size:	4424
Author:	Doug Henwood
Date:	Thu Mar 9 13:20:36 PST 2000

34854 Meltzer report -- rank: 1000

The report of the Congressional commission on the IMF & World Bank is on the web at <http://phantom-x.gsia.cmu.edu/IFIAC/Report.html>. It's not easy to find; thanks to Carol Welch of Friends of the Earth for pointing me to it. Folks in NYC (and if the link is working, anyone with RealPlayer 5.x and up who visits <http://www.wbaifree.org> can hear Welch talking about that report on my radio show in about 40 minutes (5-6 PM, 99.5 FM). Also on the show: some of the Johns Hopkins stu ...

Document Size:	5118
Author:	Doug Henwood
Date:	Thu Mar 9 13:19:41 PST 2000

34855 smart kids -- rank: 1000

Michael Pugliese wrote: > "I was so much older then, I'm younger than that now, " Bob Dylan, >kissing off the Old Left Hey, the small band of Party of the Right folks <http://english-www.hss.cmu.edu/bs/36/henwood.html> who liked rock & roll thought that song was appropriable as a conservative anthem. Doug

Document Size:	4670
Author:	Doug Henwood
Date:	Thu Mar 9 13:13:32 PST 2000

34856 Mayday riot vs. global K'ism -- rank: 1000

[bounced bec of an attachment] From: "Chris Doss" <itschris13 at hotmail.com> Date: Thu, 09 Mar 2000 15:33:59 EST From: Lew <lew at higgins.org.uk> From today's UK newspaper, The Guardian: - Will Woodward Monday March 6, 2000 Police are getting ready for the possibility of rioting in London during a May Day protest against global capitalism that, according to activists, will be "quite different from anything that's gone before". A four-day gathering in London, par ...

Document Size:	7259
Author:	Doug Henwood
Date:	Thu Mar 9 13:04:27 PST 2000

34857 Burson Marsteller report on anti-corporate activists -- rank: 1000

Chuck0 wrote: >First of all, I'd like to thank the elves which dropped this in my email >box this morning. > >I'm not sure if this is legit or not, since the section on infoshop.org, >a website I work on with others, is pretty inaccurate. Still, we do >appreciate the positive review and hope to be moving up in the rankings >very soon. I just spoke with Gardner G. Peckham, the managing director who signed the cover letter for this compendium. I read him bits of the letter and ...

Document Size:	5567
Author:	Doug Henwood
Date:	Thu Mar 9 12:25:01 PST 2000

34858 Fwd: Memo: What the IMF is All About -- rank: 1000

[the irrepressible Jude W weighs in] Polyconomics' Daily Memo on the Margin (commentary taken from http://www.polyconomics.com) March 9, 2000 What the IMF is All About To: Editorial Page Editors From: Jude Wanniski Re: The Evil Empire With the International Monetary Fund now under fire from several directions for general incompetence, there are several points of view on why and how this has become an important topic for discussion. Most of them miss the point, including the just-issued report of ...

Document Size:	12026
Author:	Doug Henwood
Date:	Thu Mar 9 11:44:35 PST 2000

34859 Haacke Rudy=Hitler piece at Whitney -- rank: 1000

[the latest from Robert Lederman] Giuliani as Hitler Goes Mainstream in Whitney Museum by Robert Lederman In a phenomenally bold move for an institution whose board of directors includes many of Mayor Giuliani's top contributors, the Whitney Museum of American Art will show a work by German born artist Hans Haacke directly equating Giuliani with Adolf Hitler. The work titled, "Sanitation", will premiere on March 23rd, 2000 at the Whitney Biennial, one of the most important art shows in ...

Document Size:	24416
Author:	Doug Henwood
Date:	Thu Mar 9 11:36:31 PST 2000

34860 WB reacts to report; picks new chief economist -- rank: 1000

[from the World Bank's daily clipping service] US CONGRESS SPLIT OVER REPORT ON IMF, WORLD BANK REFORMS. The report of the US congressional advisory commission chaired by economist Allan Meltzer calling for a sharp contraction in the IMF and the World Bank unleashed a strong bipartisan reaction in Congress yesterday, reports the Financial Times (p.7). The report was released at a press conference on Capitol Hill yesterday, says the story, noting that two leading Republican congressmen-House spe ...

Document Size:	16292
Author:	Doug Henwood
Date:	Thu Mar 9 11:31:17 PST 2000