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35476 WSJ on wealth -- rank: 1000

[Bounced bec of an address oddity. The answer is that the ramifications of a bankruptcy filing are often not as severe as people think. Best consult a laywer, though; practices vary from state to state.] Date: Wed, 19 Jan 2000 18:21:24 -0600 (CST) From: Jayson P Harsin <jph419 at casbah.acns.nwu.edu> What are the everyday ramifications of filing for bankruptcy? Is it difficult, say, to get an apartment (talking modest here) after that? What else? Curious. Jayson On Wed, 19 Jan 2000, Doug H ...

Document Size:	5595
Author:	Doug Henwood
Date:	Wed Jan 19 16:27:24 PST 2000

35477 hatecore -- rank: 1000

[Better late than never. Anyone heard any of this stuff?] Washington Post - January 12, 2000 The Pied Piper of Racism William Pierce Wants Young People to March To His Hate Records By David Segal Washington Post Staff Writer HILLSBORO, W.Va.-In a secluded mountaintop compound at the end of a mile-long dirt road, workers hammer together a cavernous warehouse of concrete and steel. Cold weather has slowed construction, but by next month, the building will be packed to its arched roof with compact ...

Document Size:	19731
Author:	Doug Henwood
Date:	Wed Jan 19 16:01:18 PST 2000

35478 Fwd: [mayday2k] Invitation to join new list: bordermayday -- rank: 1000

[Be sure to re-taboo the word "s*bscribe" with a "u".] From: Alain Kessi <kessi at bitex.com> Hi there, we have just set up a new list for discussing in more detail existing ideas for pulling off anti-border actions in the context of the global action day on Mayday 2000. If you are interested in organizing and coordinating such actions, either at borders themselves or against border regime and migration control wherever else it manifests itself, please join the list by ...

Document Size:	6598
Author:	Doug Henwood
Date:	Wed Jan 19 15:33:34 PST 2000

35479 WSJ on wealth -- rank: 1000

Seth Ackerman wrote: >But you were just saying that debt has risen because people are >borrowing against the value of their stock. That debt represents >consumption, doesn't it? So how can there not be a "wealth effect" that >shows up as higher consumption? I was responding to Jordan's example. How common it is no one really knows. The record for a strong stock market influence on consumption (or investment) is mixed at best - mostly because stock ownership is so concentrat ...

Document Size:	5118
Author:	Doug Henwood
Date:	Wed Jan 19 15:30:06 PST 2000

35480 end of the cycle? -- rank: 1000

[Zarnowitz is a major guru of the bizcycle.] "Theory and History Behind Business Cycles: Are the 1990s the Onset of a Golden Age?" BY: VICTOR ZARNOWITZ FIBER, Inc. Paper ID: NBER Working Paper No. 7010 Date: March 1999 Contact: VICTOR ZARNOWITZ Email: Mailto:victor.zarnowitz at gsb.uchicago.edu Postal: FIBER, Inc. 122 East 42nd Street Suite 1512 New York, NY 10168 USA Phone: (212)983-2222 Fax: (212)972-0567 Paper Requests: Full-Text Availability at http://www.nber.org/wwp.html ...

Document Size:	7360
Author:	Doug Henwood
Date:	Wed Jan 19 15:12:15 PST 2000

35481 WSJ on wealth -- rank: 1000

Carl Remick wrote: >Let's not forget the recent words of The Man Himself, as cited on >the World Socialist Web Site: "In the course of a speech to the >Economic Club in New York City January 13, warning about the >possible consequences of a soaring stock market, Greenspan noted >that fully one-fourth of annual economic growth in the US since 1996 >— about one percentage point of the 4 percent growth rate — has come >from the 'wealth effect' of well-heeled consumers spe ...

Document Size:	6877
Author:	Doug Henwood
Date:	Wed Jan 19 14:54:37 PST 2000

35482 uncanny parallels, revisited -- rank: 1000

>Date: Fri, 14 Jan 2000 17:58:03 -0500 >To: lbo-talk at lists.panix.com >From: Doug Henwood <dhenwood at panix.com> >Subject: email cures poverty > >More proof that computers can work miracles. Bill Clinton said this >yesterday to a group of bigwigs collected by Jesse Jackson and his >Wall Street Project at the Sheraton Towers Hotel in NYC: > >>I went to Hudson County, New Jersey, which has a lot of >>first-generation immigrants, in a school that had ...

Document Size:	7261
Author:	Doug Henwood
Date:	Wed Jan 19 14:46:51 PST 2000

35483 O'Connor on Seattle -- rank: 1000

Sid Shniad forwarded a 37k piece by Jim O'Connor on the battle of Seattle. Too long to post here, but I'll send it to anyone who asks. Jim, why didn't you tell us!??!?! Doug

Document Size:	4611
Author:	Doug Henwood
Date:	Wed Jan 19 14:38:32 PST 2000

35484 WSJ on wealth -- rank: 1000

Jordan Hayes wrote: >The biggest reason I can think of off the top of my head is that >far more people today have debt *because they can* as compared to >1929. Longer mortgages, smaller down-payment requirements, and >not-insignificant legal work against instutionalized racism in the >banking means that a big component of "more debt" is really just >an artifact of 1929's _debt restrictions_. > >So there's "more debt" ... so what? > >Another item ...

Document Size:	6843
Author:	Doug Henwood
Date:	Wed Jan 19 14:31:35 PST 2000

35485 Fwd: 2000-01-19 Press Briefing by Administration on Health Care Initiative -- rank: 1000

[can anyone make sense of this?] THE WHITE HOUSE Office of the Press Secretary ______________________________________________________________________ __ For Immediate Release January 19, 2000 PRESS BRIEFING BY SENIOR ADMINISTRATION OFFICIALS ON HEALTH CARE INITIATIVE The Briefing Room 12:24 P.M. EST MR. SIEWERT: Here to brief on the President's new health care initiative are two senior administration officials who should be familiar to all of you. I'll let the ...

Document Size:	29697
Author:	Doug Henwood
Date:	Wed Jan 19 14:23:06 PST 2000

35486 WSJ on wealth -- rank: 1000

Jordan Hayes wrote: >The role of debt in the US today is different (enough to make the >above comparison invalid for anything other than cocktail party >chatter) than either of those other two times/places. I'll buy this about US-Japan comparisons, but why is it invalid to compare debt levels in the U.S. today vs. earlier times? Doug

Document Size:	4713
Author:	Doug Henwood
Date:	Wed Jan 19 12:27:55 PST 2000

35487 WSJ on wealth -- rank: 1000

Pahtoo at aol.com wrote: >In a message dated 1/19/00 11:08:54 AM Pacific Standard Time, chuck at tao.ca >writes: > ><< I hear that credit card companies are pissed because many people have > been paying down their card debts. >> > >I paid off my VISA card and my reward from VISA was that they lowered my >credit limit! What's up with that? You are what's known in the trade as a "deadbeat" - i.e., you pay off the balance. Not good for profit maximizat ...

Document Size:	5011
Author:	Doug Henwood
Date:	Wed Jan 19 11:36:59 PST 2000

35488 WSJ on wealth -- rank: 1000

Chuck0 wrote: >Don't send me advice about how to escape from this rate. I've tried all >the options. They have me like a stuck pig. This iw why I tell all of my >friends who are younger than 25 to avoid credit cards like they are >coated with the Ebola Virus. Run up your cards and then file for bankruptcy, while you still can. If you already have big credit card debt, consider filing soon, before they change the law. Doug

Document Size:	4760
Author:	Doug Henwood
Date:	Wed Jan 19 11:30:49 PST 2000

35489 Nader attack: your posting -- rank: 1000

Seth Ackerman wrote: >If you thought Nader might actually lose the primary, would you >still support Kovel? I'm a big fan of Joel Kovel's. I'd vote for him under any circumstances. Doug

Document Size:	4615
Author:	Doug Henwood
Date:	Wed Jan 19 11:28:43 PST 2000

35490 Fwd: Nader attack: your posting -- rank: 1000

Carrol Cox wrote: >(1) Who in the hell is Lorna Salzman? A Green "activist" in New York, with a well-deserved reputation for crankiness. Doug

Document Size:	4620
Author:	Doug Henwood
Date:	Wed Jan 19 11:27:55 PST 2000