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36751 Valorizing China [was RE: WSJ on A16] -- rank: 1000

Lisa & Ian Murray wrote: >Rakesh Rakesh had to unsub for a bit for personal reasons, so any comments addressed to him will go unnoticed. Doug

Document Size:	4633
Author:	Doug Henwood
Date:	Thu Apr 13 08:03:27 PDT 2000

36752 World Bank bond boycott launched -- rank: 1000

World Bank Bonds Boycott 137 San Fidel Road NW, Albuquerque, NM, 87107 * (505) 342-1164 (202) 822-1180 x208 * <bankboycott at cepr.net> * <econjustice at preamble.org> * <www.worldbankboycott.org> FOR IMMEDIATE RELEASE CONTACT: Neil Watkins (202-822-1180 x208, cell: 210-3241) April 10, 2000 Neil Tangri (202-387-8030, cell: 301-602-7653) ACTIVISTS AIM FOR WORLD BANK'S ACHILLES' HEEL: BOND BOYCOTT LAUNCHED Washington, D.C. -- As the World Bank braces for mass protests in the stre ...

Document Size:	8551
Author:	Doug Henwood
Date:	Thu Apr 13 08:02:53 PDT 2000

36753 WB on itself & its neighbor -- rank: 1000

["Who, us?" From the World Bank's daily clipping service.] WORLD BANK, IMF CONFRONT THEIR CRITICS. World Bank President James Wolfensohn yesterday defended the institution as a force for social justice, reports Agence France-Presse. At the IMF, likewise condemned by academics, NGOs, and street protesters, research director Michael Mussa said their wrath should be directed at the US Congress. Wolfensohn and Mussa in separate news conferences in Washington were reacting to reports that ...

Document Size:	11962
Author:	Doug Henwood
Date:	Thu Apr 13 06:25:06 PDT 2000

36754 Fwd: Powell's Books Local 5 Update 4-12-00 -- rank: 1000

[via Michael Eisenscher, with quirky Windows characters ASCII'ized] Dear Community Supporter, After more than six stuck months, contract talks at Powell's Books are starting to inch forward - thanks to escalating displays of determination and concern by workers and community members. Powell's workers, represented by International Longshore and Warehouse Union Local 5, have donned pins and stickers, passed out leaflets, attended negotiations en masse and walked off the job a half dozen times so f ...

Document Size:	8524
Author:	Doug Henwood
Date:	Wed Apr 12 14:23:49 PDT 2000

36755 Fwd: Buchanan Rallies Teamsters on Capitol Hill; US Labor Offensive Against China -- rank: 1000

[via Michael Eisenscher - grist for Rakesh's mill, and it's pretty revolting grist] Washington Post online - April 12, 2000 Buchanan Rallies Teamsters on Capitol Hill By Linda Wheeler Washington Post Staff Writer Reform Party presidential candidate Patrick J. Buchanan and a half dozen members of Congress spoke at a spirited Teamsters rally near the Capitol this morning, all criticizing the North American Free Trade Agreement and the proposed permanent trade agreement with China. Several thousand ...

Document Size:	7764
Author:	Doug Henwood
Date:	Wed Apr 12 14:20:16 PDT 2000

36756 A not Unminor problem -- rank: 1000

H Curtis Leung wrote: >To which I have to ask: if we did, I thought a major theme of Doug's book >is that financial markets aren't even efficient. Have I gotten something >wrong? They're efficient in the sense of incorporating all available information (almost) instantaneously, which is practically a tautology. But the financial economist's sense of "efficient" has little to do with an ecologist's, engineer's, or anyone else's. Doug

Document Size:	4969
Author:	Doug Henwood
Date:	Wed Apr 12 14:15:14 PDT 2000

36757 Fwd: U.S. MARKETS: Nasdaq Sinks 7% Into Bear Market -- rank: 1000

>U.S. MARKET NEWS >from The Wall Street Journal at WSJ.com. > > >April 12, 2000 > >Nasdaq Sinks 7% Into Bear Market as Techs Stumble > >By David Runk >Interactive Edition > >The Nasdaq Composite Index plummeted 7.1% Wednesday as the sell-off in >technology stocks intensified, leaving the index deeply in bear market >territory. Blue-chip stocks were also swept up in the selling. > >Technology shares remained under pressure throughout the day in the ...

Document Size:	13966
Author:	Doug Henwood
Date:	Wed Apr 12 13:55:41 PDT 2000

36758 PEs -- rank: 1000

Wall Street Journal - April 12, 2000 Heard on the Street P/Es of Cisco, Others Lead To Stretching of Yardsticks By SUSAN PULLIAM Staff Reporter of THE WALL STREET JOURNAL Analysts are scrambling to find new yardsticks to justify the galloping share prices of technology giants. Just ask Morgan Stanley analyst George Kelly, who has followed Cisco Systems since it went public in 1990. He has put out a blizzard of research reports during the rapid rise in Cisco's stock, ratcheting up his price targe ...

Document Size:	12691
Author:	Doug Henwood
Date:	Wed Apr 12 13:33:57 PDT 2000

36759 campus news -- rank: 1000

[from Sam Smith's Progressive Review] TOM STRUNK, LOYOLA: School of the Americas Watch has started a national fast, which began Thursday. The fast will go for fourteen days, with participants fasting for as long as they feel comfortable. I myself am going to be fasting for at least six days. It is a juice fast. Each day of the two weeks will focus on a different country in Latin America. The idea is to bring the message home to communities throughout the United States, rather than just doing ci ...

Document Size:	8021
Author:	Doug Henwood
Date:	Wed Apr 12 13:20:31 PDT 2000

36760 MOre boring crap on money creation -- rank: 1000

DANIEL.DAVIES at flemings.com wrote: >I think there are cross purposes here. I never read Enrique as saying that >the MMMFs were immune to a Fed tightening; I thought he was saying that the >MMMFs were a secondary, uninsured banking system, and that money and credit >figures which didn't take account of this sector were therefore flawed. At 6:38 PM -0400 4/8/00, Enrique Diaz-Alvarez wrote: >If Noland is right, and his argument does sound more persuasive, the Fed >has effective ...

Document Size:	5171
Author:	Doug Henwood
Date:	Wed Apr 12 12:55:21 PDT 2000

36761 Fwd: The Onion does the NASDAQ -- rank: 1000

A friend writes... >So this is what it's come to...sending links to the Onion... > ><http://theonion.com/onion3613/wdyt_3613.html>

Document Size:	4627
Author:	Doug Henwood
Date:	Wed Apr 12 12:51:09 PDT 2000

36762 Speaking of no weak s... -- rank: 1000

Rakesh Bhandari wrote: >Prove that I am wrong: With exception of a few groupings which may be >inspired by Patrick Bond or Walden Bello, most of the organizations do not >really have well thought out or valid reasons for why they are opposed to >whatever they are protesting. So engage with them. Talk with them. Tell them what you think and listen to what they think. Denouncing them as bigots and/or ignoramuses won't accomplish much. Doug

Document Size:	4863
Author:	Doug Henwood
Date:	Wed Apr 12 12:44:59 PDT 2000

36763 Fwd: website on Water War -- rank: 1000

Date: Wed, 12 Apr 2000 09:56:22 -0400 From: Thomas Kruse <tkruse at albatros.cnb.net> Subject: website on Water War Could you please post this? Many thanks! Tom =========== Dear Friends: A web site is now up and running with information, images and analysis of the "Water War" in Cochabamba, Bolivia. Massive popular struggle have just ousted the Bechtel affiliate that had bought the water system, in a privatization program pushed by the World Bank and corruply implemtend by the B ...

Document Size:	5591
Author:	Doug Henwood
Date:	Wed Apr 12 11:20:15 PDT 2000

36764 Speaking of no weak s... -- rank: 1000

Rakesh Bhandari wrote: > >Pat's a horror, so I'd like to leave him out of this > >How convenient. Pat wants to shut down the IMF, he's against a bigger >quota for Cambodia, he doesn't want PNTR. Pat talks a lot about American >wages being competed down by all those countries in which Millikan does not >operate. Milliken is a nationalist capitalist. Buchanan is a nationalist capitalist politician. Most of the people I know who are going to A16 are neither of those creatures ...

Document Size:	5190
Author:	Doug Henwood
Date:	Wed Apr 12 11:14:35 PDT 2000

36765 no bubble -- rank: 1000

JW Mason wrote: >Right. But my point is, dividends should properly include net stock >purchases as >well. In recent years, those have run at 50-100% of dividends. But dividends are meant to be a recurring feature, more stable than earnings, and a sustainable minority of earnings at that. The recent level of buybacks is almost by definition not a predictably recurrent feature. Doug

Document Size:	4666
Author:	Doug Henwood
Date:	Wed Apr 12 11:09:51 PDT 2000