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34906 US & K-W: fearing the worst? -- rank: 1000

Michael Perelman wrote: >What is "last October's rude awakening,"? I think it refers to a spike in gold prices that caught all the shorts off guard. Doug

Document Size:	4624
Author:	Doug Henwood
Date:	Mon Mar 6 07:14:49 PST 2000

34907 US & K-W: fearing the worst? -- rank: 1000

[This may be just pure speculation, or it may be based on good leaks. Who knows?] WHY THE U.S. BLOCKS GERMANY'S IMF PLANS By Rodney Smith British Broadcasting Co. Friday, March 3, 2000, 16:01 GMT http://news2.thls.bbc.co.uk/hi/english/business/newsid%5F665000/665315.stm Whether he stays or he goes, there is one very good reason why the United States is rejecting Caio Koch- Weser to head the International Monetary Fund. There is some personal animosity. U.S. Treasury Secretary Larry Summers and W ...

Document Size:	9467
Author:	Doug Henwood
Date:	Mon Mar 6 05:47:08 PST 2000

34908 A16 rehearsal in Joisey -- rank: 1000

Date: Sun, 05 Mar 2000 23:59:42 -0400 From: Christopher Whalen <clw12xu at earthlink.net> To: "A16-International-Planning at egroups.com" <A16-International-Planning at egroups.com> Call For Action March 30-April 1 - Florham Park NJ Vigil and Protest On March 30 through April 1 the World Bank and IMF will be holding their Second Annual Financial Markets and Development Conference at the Hamilton Park Conference Center in Florham Park NJ to discuss "emerging markets in ...

Document Size:	6361
Author:	Doug Henwood
Date:	Mon Mar 6 05:59:51 PST 2000

34909 K-W out or in? -- rank: 1000

Agence France Presse - March 5, 2000 Germany's candidate to head the International Monetary Fund (IMF), Caio Koch-Weser, insisted Sunday he would not withdraw and accused the United States of putting pressure on countries to vote against him. The finance ministry secretary of state insisted Sunday that he remained a candidate to become the next IMF managing director, despite reports that the German government may withdraw his name. And Koch-Weser hit back at the United States, which has publicly ...

Document Size:	8204
Author:	Doug Henwood
Date:	Sun Mar 5 14:50:25 PST 2000

34910 Seasonal adjustments -- rank: 1000

Michael Perelman wrote: >Seasonal adjustments are necessary, but their reliability is often >questionable, >making comparisons of monthly data quite treacherous. True enough, but the annualized 3-month change in seasonally adjusted energy prices for January was 12.1%; the year-to-year change in unadjusted energy prices wsa 14.7%. Again, these are not small numbers, so it's hard to figure out what the hell Crude(le) was talking about. Energy has less than a 7% weight in the CPI, so even ...

Document Size:	6129
Author:	Doug Henwood
Date:	Sun Mar 5 14:30:33 PST 2000

34911 Peter Singer & Vegetarian Dogs (was Re: The Heiress and theAnarchists) -- rank: 1000

Michael Pugliese wrote: >according to >Alexander Cockburn's book 'Whiteout: CIA, Drugs, and the Press' (Verso, >1998). Correction: Alexander Cockburn was, oh, assisted in writing that book by his co-author Jeffrey St. Clair, whose name even appears on the cover. Doug

Document Size:	5170
Author:	Doug Henwood
Date:	Sun Mar 5 14:22:50 PST 2000

34912 New economy, one way or the other -- rank: 1000

Enrique Diaz-Alvarez wrote: >Cool! There's no inflation! And if anything goes up then we call it a >"sharp movement" and it doesn't count. > >http://nypostonline.com/business/25545.htm > >Doug, are things really *this* bad at the BLS? This Crudele guy tends to >exaggerate;is it true that without those "ex-anything that goes up" >adjustments inflation would have been an annualized 12% last month? Sorry to take so long to respond to this, but I'm a bit b ...

Document Size:	9497
Author:	Doug Henwood
Date:	Sun Mar 5 13:13:23 PST 2000

34913 Crudele -- rank: 1000

Oh yes, Crudele's piece says: >Buried deep in a footnote in the CPI report, under a section about >seasonal adjustments, is this statement.... "Buried deep" sounds sinister, but in the electronic version, the footnote appears about 20% of the way into the document, between the end of the introductory text and table 1. That doesn't strike me as "buried deep." It seems like exactly where you'd put such a note. Maybe Crudele should just drop the last two letters of his sur ...

Document Size:	4805
Author:	Doug Henwood
Date:	Sun Mar 5 13:18:40 PST 2000

34914 Bacon on international solidarity -- rank: 1000

[This bounced because it was too long - 41k, vs. length limit of 35k. Here's the beginning; I'll forward the rest to anyone who asks - offlist please.] Sat, 4 Mar 2000 10:34:08 -1000 From: Stephen E Philion <philion at hawaii.edu> This is an outstanding article, one which takes the labor movement where it is and, given that, where it might be able to go. Steve WORLD LABOR NEEDS INDEPENDENCE AND SOLIDARITY By David Bacon March 4, 2000 Within weeks of the Seattle demonstrations against the W ...

Document Size:	7914
Author:	Doug Henwood
Date:	Sat Mar 4 13:50:31 PST 2000

34915 GM (was Calling James O'Connor!) -- rank: 1000

Ken Hanly wrote: >You may think that Heartfield slunk off. I can think of other reasons he >might have left. Said he was going "on holiday." Doug

Document Size:	4646
Author:	Doug Henwood
Date:	Sat Mar 4 13:39:00 PST 2000

34916 What is the current value of £75M from 1948 -- rank: 1000

Aaron James wrote: >I am doing research on colonial patterns of trade and dependency of Burma >after the WWII on Britain. What would the current equivalent value of £75M >in 1948? My oldest copy of the IMF's International Financial Statistics starts with 1950, when £1=$2.80. Doug

Document Size:	4975
Author:	Doug Henwood
Date:	Sat Mar 4 12:43:09 PST 2000

34917 student activism -- rank: 1000

[From Sam Smith's Progressive Review. I was on a panel last night at Judson Church in NYC on the WB/IMF. The room was packed, mostly with young people. When one of the other panelists, Andrew Kliman, said something about smashing capitalism, there was a big round of applause. Something's happening here, and it's pretty wonderful.] ON CAMPUS HARVARD CRIMSON: In one of the largest anti-sweatshop demonstrations to date, about 300 to 400 Yale University students rallied Tuesday to demand that their ...

Document Size:	7807
Author:	Doug Henwood
Date:	Sat Mar 4 12:24:05 PST 2000

34918 Fwd: {FP} from Mike Davis -- rank: 1000

Date: Fri, 03 Mar 2000 09:38:56 -0800 From: mike davis <amoctezuma at earthlink.net> 2 March 2000 Dear Mike Alcalay, I am one of the signatories to the petition circulated by Saul Landau. I am now convinced that the petition, far from helping heal wounds at Pacifica, simply provides `Left’ legitimacy to the management’s brutal attempt to restructure community-based broadcasting and peripheralize the progressive community. I am writing to apologize to you personally, a friend and comrade ...

Document Size:	5883
Author:	Doug Henwood
Date:	Sat Mar 4 11:57:04 PST 2000

34919 K-W update -- rank: 1000

[from the World Bank's daily clipping service] SCHRÖDER HAILS IMF BALLOT, CLINTON URGES NEW EU CANDIDATE. Germany said today that it would discuss with its EU partners what to do next after its candidate to head the IMF, Caio Koch-Weser, failed to secure a majority in an straw poll yesterday, Reuters reports. In a statement published late yesterday, German chancellor Gerhard Schröder said the informal vote by the IMF executive board could pave the way for a "consensus result with the US and ...

Document Size:	12084
Author:	Doug Henwood
Date:	Fri Mar 3 07:43:09 PST 2000

34920 German power games on IMF -- rank: 1000

Hinrich Kuhls wrote: > >[I talked with a German journalist living in NYC yesterday who said >>that Schroder & Co. are much more aggressive about asserting German - >>not European - power against U.S. "hegemony," which is the word they >>use, than the Christian Democrats ever were or are now.] > >Where there's a will, there's a way? Or pride goes before a fall? Dunno. What do you think, Hinrich? Doug

Document Size:	4899
Author:	Doug Henwood
Date:	Thu Mar 2 16:17:50 PST 2000