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35656 Alexander Cockburn, foody -- rank: 1000

Carl Remick wrote: >[A sample of Alexander Cockburn's current column in NY Press. What >is it with all these epicurean pieces of his lately -- is AC bucking >for a job as a food critic?] He actually did a stint with House & Garden some years back. >Thank God for the extirpation of "unattractive" coffee cups. I >can't wait to read AC's next dispatch from Humboldt, emblematic of >America's world-historical rise as a Nation of Connoisseurs! Sorry, I'm with AC on th ...

Document Size:	5411
Author:	Doug Henwood
Date:	Wed Jan 5 09:53:55 PST 2000

35657 Fwd: Memo: Imagine, No Nativity -- rank: 1000

[for all you Buchanan fans out there] Polyconomics' Daily Memo on the Margin (commentary taken from http://www.polyconomics.com) January 5, 2000 Imagine, No Nativity Memo To: Pat Buchanan From: Jude Wanniski Re: Your Letter on Life Great letter to your supporter on her questions about your decision to leave the GOP and how that might undermine pro-life progress. Fits with the spirit of the New Millennium. Suppose Joseph did not have that dream, with the Angel assuring him that his wife was to ha ...

Document Size:	12390
Author:	Doug Henwood
Date:	Wed Jan 5 09:30:47 PST 2000

35658 gaming Seattle -- rank: 1000

Ian Murray found this hilarious game theoretic analysis of Seattle. This stuff is funnier than bourgeois economics: <http://william-king.www.drexel.edu/top/pol/Seattlef/Seattle.html>. Doug

Document Size:	4565
Author:	Doug Henwood
Date:	Wed Jan 5 08:56:57 PST 2000

35659 Fwd: Re: The Nazi Economy -- rank: 1000

[addressed to listowner rather than list] From: DANIEL.DAVIES at flemings.com Date: Wed, 5 Jan 2000 15:27:06 +0000 >So are you saying that the reason the monetary expansion didn't lead to >inflation is because it was completely financed by the default on debts? >Because I thought what Doug was getting at when he said this expansionary >monetary policy was politically sterilized by busting unions was that >without such measures, an expansionary policy would have strengthened >un ...

Document Size:	6629
Author:	Doug Henwood
Date:	Wed Jan 5 08:28:16 PST 2000

35660 thegreatcrash.com press release -- rank: 1000

Zack Exley wrote: >How much would they have to >pay in dividends to make your ownership of their stock profitable over, say, >a 40 year period? We don't believe in dividends anymore. They're so 20th century! So bulky and dull - not at all in tune with the weightless, free agent New Economy. I mean dividends were ok back when stocks were risky, but now that we know they're no riskier than Treasury bills, who needs a quarterly check? Doug

Document Size:	4917
Author:	Doug Henwood
Date:	Wed Jan 5 08:31:31 PST 2000

35661 China stimulating private sector -- rank: 1000

[from the World Bank's daily clipping service] CHINA GIVES BROAD REIN TO ECONOMY'S PRIVATE SECTOR. The Washington Post (p.A1) reports that China's announcement that it plans to scrap all obstacles to developing the economy's private sector gives one of its strongest endorsements ever to free enterprise in response to economic problems that the government said demand "urgent solutions." The announcement, made by State Development Planning Commission Chairman Zeng Peiyan, was a remarkabl ...

Document Size:	6658
Author:	Doug Henwood
Date:	Wed Jan 5 08:26:09 PST 2000

35662 Japan - more unequal -- rank: 1000

Financial Times - January 5, 2000 A MYTH MAY MASK THE REALITY OF LIFE IN JAPAN Recent studies appear to show that Japan has become far less egalitarian, a trend its government seems unwilling to face, writes Gillian Tett For many Japanese intellectuals, theirs is the world's last big socialist state. Although Japan has embraced many trappings of capitalism, its post-war system incorporated two features: heavy bureaucratic control over the economy, and a strong commitment to egalitarian ideals. T ...

Document Size:	10447
Author:	Doug Henwood
Date:	Wed Jan 5 08:04:08 PST 2000

35663 Mr. Byfield's C- Posts -- rank: 1000

Charles Brown wrote: >Interrogation, which is a postmod method, I believe. Damn, those postmodernists are guilty of so many crimes, it's hard to know where to start the bill of indictment. First they overemphasize subjectivity, then they kill the subject. Then they sow uncertainty, only to turn into cops. And then the minute they act like cops, they become stalkers. This postmodernism thing is so confusing. Bring back the old days when men were men and the Kremlin was full of godless commies! ...

Document Size:	4936
Author:	Doug Henwood
Date:	Wed Jan 5 08:07:06 PST 2000

35664 Naderites Craft "Fix It or Nix It" Campaign -- rank: 1000

rc-am wrote: >rakesh wrote: > > >and Angela as well (we have > >not yet discussed her complicated and nuanced analysis in the latest LBO, > >right?) > >all abuse and comments welcome. a prize to whoever can spot the 'pomo' >references. Uh-oh. Did I forget to edit those out? Doug

Document Size:	4971
Author:	Doug Henwood
Date:	Wed Jan 5 08:00:25 PST 2000

35665 WTO talks "delayed" -- rank: 1000

Reuters - January 4, 10:09 am Eastern Time World trade talks effort seen delayed for months By Robert Evans GENEVA, Jan 4 (Reuters) - World Trade Organisation (WTO) officials and diplomats return to work next week, but with little hope that the derailed effort to launch a new global round of liberalisation talks could be back on track soon. Following the collapse of a ministerial conference in Seattle in December called to kick off the negotiations, the general feeling is that little can really ...

Document Size:	8398
Author:	Doug Henwood
Date:	Tue Jan 4 22:15:56 PST 2000

35666 modeling beauty -- rank: 1000

Carrol Cox wrote: >Would it be correct to say that when economists say A varies >directly as B (or some similar proposition) they usually do not >have the slightest idea as to whether the correspondence is >significant or utterly trivial??? Or if it is significant, it is unknown Generally they let neoclassical theory guide them. Posit some relation from theory, and then farm the data to prove it. Doug

Document Size:	4744
Author:	Doug Henwood
Date:	Tue Jan 4 21:22:12 PST 2000

35667 US economy seen from Japan -- rank: 1000

Jean-Christophe Helary wrote: >POINT OF VIEW: Retrospective look sheds light on U.S. economy > >By SUSUMU SAITO > >Special to Asahi Evening News > >at http://www.asahi.com/english/enews/enews.html#enews_26910 Uh-oh: "The author is director of Trilateral Institute (Sankyoku Keizai Kenkyusho), a private economic think tank based in Tokyo." Trilateralists embrace K-waves now? Doug

Document Size:	4928
Author:	Doug Henwood
Date:	Tue Jan 4 19:20:57 PST 2000

35668 thegreatcrash.com press release -- rank: 1000

Jordan Hayes wrote: >Does a graph of the worldwide population signal a bubble to you? How would a graph of pop growth against its long-term trend look? Would it be 4 standard deviations away? Doug

Document Size:	4642
Author:	Doug Henwood
Date:	Tue Jan 4 19:18:16 PST 2000

35669 thegreatcrash.com press release -- rank: 1000

Zack Exley wrote: >Doug, I know there's no "musts", but is it at least true that this market is >one of the biggest bubbles in history? The graph I'm using on my site >compares today's total market cap to gdp to that of the 29. Almost any measure you want to use is at or near record levels. It's one of the great financial booms of all time, anywhere. If it's a bubble is for Jordan to decide. >Even if we can't say that a crash is definitely coming, at least we could >say ...

Document Size:	5354
Author:	Doug Henwood
Date:	Tue Jan 4 18:51:56 PST 2000

35670 thegreatcrash.com press release -- rank: 1000

Jordan Hayes wrote: >But "by my logic" we ought to see a bear market if a) there's a >huge upward change in the supply of stock The story for most of the last 20 years has been equity retirements, through takeovers & buybacks. Vast gobs of surplus value have been transferred to shareholders, who've done god knows what with it. > and b) there's a great >disincentive to give heaping gobs of cash to mutual fund managers >whose job it is to buy stocks. Yeah, people chan ...

Document Size:	5380
Author:	Doug Henwood
Date:	Tue Jan 4 18:47:43 PST 2000