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35836 bull market reasoning -- rank: 1000

Shane Mage wrote: >From a Marxist standpoint, there is nothing at all wrong with Lev's >argument. Capital is the mass of socially necessary labor time >accumulated to serve as the basis for production of surplus value. >The capital of each firm is subject to what Marx called "moral wear >and tear," which we nowadays call "obsolescence." But the obsolescence >of one firm's capital is produced by a technological advance that >provides a profitable [tempor ...

Document Size:	6555
Author:	Doug Henwood
Date:	Mon Feb 21 11:54:03 PST 2000

35837 Haider -- rank: 1000

Los Angeles Times - Monday, February 21, 2000 The Pots Are Calling the Kettle Names Europe: Much of Haider's anti-foreigner rhetoric is not that different from the positions held by some EU member states. By DOUGLAS KLUSMEYER In reacting so strongly to the Freedom Party's admission into the Austrian government, European Union political leaders are jumping at their own shadows. Do they truly find the Freedom Party's anti-immigrant stance so morally reprehensible that Austria must now be punished ...

Document Size:	9190
Author:	Doug Henwood
Date:	Mon Feb 21 08:57:57 PST 2000

35838 stox -- rank: 1000

christian11 at mindspring.com wrote: > >No, he didn't. He said: "Other things equal, this condition will > >involve equity discount factors high enough to bring the rise in > >asset values into line with that of household incomes, thereby > >stemming the impetus to consumption relative to income that has come > >from rising wealth." > >Questions: What's the "this condition" that he's talking about? > >What are the equity discount ...

Document Size:	6825
Author:	Doug Henwood
Date:	Mon Feb 21 08:36:42 PST 2000

35839 bull market reasoning -- rank: 1000

[I'd rather not say where this comes from, other than to say a market newsletter, but it's a perfect example of New Economy reasoning, coming from someone who used to be very skeptical in temperament. Lev said these things in an interview with the ridiculous biz mag Fast Company. What's amazing to me is that "value" is defined entirely by the stock market - the actual production of profits, the long-standing raison d'etre for capitalist enterprise, isn't merely secondary, it's a hindra ...

Document Size:	7748
Author:	Doug Henwood
Date:	Mon Feb 21 07:47:30 PST 2000

35840 Fwd: Lennon funded terrorists and Trotskyists [Free Republic] -- rank: 1000

Russell Grinker wrote: >The old RCP (no GB appended) Sorry. I appended it to distinguish it from Avakian's Revolutionary Communist Party. You wouldn't want to be confused with them, would you? Doug

Document Size:	4854
Author:	Doug Henwood
Date:	Mon Feb 21 06:42:25 PST 2000

35841 Fwd: RALPH NADER ANNOUNCES CAMPAIGN FOR PRESIDENT -- rank: 1000

X-From_: sjs at nets.com Mon Feb 21 09:09:40 2000 X-Sender: sjs at mail.cybermesa.com Date: Mon, 21 Feb 2000 06:53:36 -0700 To: (Grn Media List) From: StevenJSchmidt <sjs at nets.com> Subject: RALPH NADER ANNOUNCES CAMPAIGN FOR PRESIDENT Mime-Version: 1.0 [from the Madison Hotel, Washington DC, Presidents Day 2000] ***** PRESS RELEASE THE GREEN PARTY Contact: Tom Sevigny, Co-Chair 303-554-1575 / 860-693-8344 National Office of the Association of State Green Parties http://www.greenparties ...

Document Size:	8110
Author:	Doug Henwood
Date:	Mon Feb 21 06:19:20 PST 2000

35842 an Austrian on SV homelessness -- rank: 1000

[There's a devout and not very bright Hayekian named Pat Gunning on the International Political Economy list, who's been arguing that people are homeless by choice - it has nothing to do with a capitalist economic system. Here's his reaction to the NYT story on Silicon Valley homelessness. It's such a beaut that I had to forward it.] Sounds like a cheap shot, John. The NYT story that I read described several people who chose to live in Silicon Valley and it suggested that the conditions in many ...

Document Size:	7613
Author:	Doug Henwood
Date:	Mon Feb 21 06:18:29 PST 2000

35843 stox -- rank: 1000

Brad De Long wrote: >If earnings are a constant share of household incomes, then all he is >saying is that price/earnings ratios shouldn't go up any more. > >At least he didn't say that they had to go down immediately... No, he didn't. He said: "Other things equal, this condition will involve equity discount factors high enough to bring the rise in asset values into line with that of household incomes, thereby stemming the impetus to consumption relative to income that has come ...

Document Size:	5263
Author:	Doug Henwood
Date:	Mon Feb 21 05:33:04 PST 2000

35844 CNN on CPUSA -- rank: 1000

Chuck0 wrote: >Has the CPUSA endorsed Gore yet? I bet they don't endorse him, but they'll say, defeat the fascist right! Which, in their lingo, means vote for Gore. Doug

Document Size:	4452
Author:	Doug Henwood
Date:	Sun Feb 20 21:52:11 PST 2000

35845 Fwd: Lennon funded terrorists and Trotskyists [Free Republic] -- rank: 1000

Michael Pugliese wrote: >International Marxist Group was Tariq's group if I >recall. Lots of the New Left Review people came out of the IMG. Verso editor Colin Robinson recalls James Heartfield's group, the RCP-GB, vigorously trying to poach the IMG's membership. Doug

Document Size:	5029
Author:	Doug Henwood
Date:	Sun Feb 20 21:46:40 PST 2000

35846 Beethoven: the bourgeoisie at its peak -- rank: 1000

Speaking of Beethoven, have I afflicted this list with this long quote from Fred Jameson's Marxism and Form on Adorno and Beethoven? Doug ---- >So it is that for Adorno the work of Beethoven stands as a kind of >fixed point against which earlier or later moments of musical >history will be judged. It is, of course, not a question of degrees >of genius, but rather of the inner logic of historical development >itself, and of a kind of accumulation of formal possibilities of >whic ...

Document Size:	16654
Author:	Doug Henwood
Date:	Sun Feb 20 21:41:04 PST 2000

35847 [Fwd: Homeless on $50,000 a Year] -- rank: 1000

New York Times - February 20, 2000 Homeless on $50,000 a Year in Luxuriant Silicon Valley By EVELYN NIEVES SAN JOSE, Calif., Feb. 15 -- It is long past midnight as the No. 22 bus lumbers down the spine of Silicon Valley carrying 12 passengers with nowhere to go. The bus rolls past $1 million, three-bedroom ranches on quarter-acre lots, driveways where Range Rovers are the second car, towns where millionaires are minted every day. The passengers keep their eyes shut, or on the floor. They have tw ...

Document Size:	13486
Author:	Doug Henwood
Date:	Sun Feb 20 21:25:21 PST 2000

35848 stox -- rank: 1000

[The mungedomain bug in majordomo has been fixed by the always-helpful Malgosia, who, when she's not a member of the Spoons collective, is a programmer at Panix. So we shouldn't be seeing more of these.] Date: Sun, 20 Feb 2000 12:00:55 -0500 From: Enrique Diaz-Alvarez <enrique at ee.cornell.edu> Reply-To: enrique at ee.cornell.edu X-Mailer: Mozilla 4.61 [en] (Win95; I) X-Accept-Language: en MIME-Version: 1.0 To: lbo-talk at lists.panix.com Subject: Re: stox References: <Pine.PMDF.3.96.1 ...

Document Size:	6476
Author:	Doug Henwood
Date:	Sun Feb 20 21:21:10 PST 2000

35849 Henwood Being Considered for Cabinet Post! (in Socialist Party of course) -- rank: 1000

Nathan Newman wrote: >A forwarded post from David McReynolds, Presidential candidate of the >Socialist Party USA. Note Doug's name on list to be considered :) -- NN I admire McReynolds, but gawd, the pain of following Todd Gitlin on a list like that! I may need posttraumatic stress counseling. Doug

Document Size:	5211
Author:	Doug Henwood
Date:	Sun Feb 20 21:16:36 PST 2000

35850 Fwd: Lennon funded terrorists and Trotskyists [Free Republic] -- rank: 1000

James Farmelant wrote: >So what is the big deal concerning these revelations? Anybody >who knows anything about John Lennon knows that he was >oppenly supportive of Irish republicanism and of leftist politics. >Ali Tariq was a friend of his who published a famous interview >with Lennon in the early 1970s on political matters. I guess the >only revelation here is the British government's reluctance to >release classified information concerning Lennon most of which >is pr ...

Document Size:	5426
Author:	Doug Henwood
Date:	Sun Feb 20 21:13:17 PST 2000