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36856 options thread -- rank: 1000

Rakesh Bhandari wrote: > > >> The numbers I was citing are based on the market averages, so they're >> not per capita. > >Doug, just want to focus on the surreal aspect of the stock market you >emphasize--that it's an institution that retires more stock than it >offers. So if there is enough buy back, then earnings growth on remaining >shares can race ahead of GDP growth, right? Don't hesitate to tell me >if I am way off. > >Investors don't want high ...

Document Size:	7908
Author:	Doug Henwood
Date:	Wed Apr 5 14:02:08 PDT 2000

36857 Fwd: Leading Scientists Debate the Merits of Biotechnology -- rank: 1000

X-From_: list-errors.700000824.0.701532680 at boing.topica.com Wed Apr 5 15:13:59 2000 To: fianusa-news at igc.topica.com From: Anuradha Mittal <amittal at foodfirst.org> Subject: Leading Scientists Debate the Merits of Biotechnology Date: Wed, 05 Apr 2000 12:13:07 -0700 Reply-To: amittal at foodfirst.org X-Loop: 700000824 Sender: list-errors.700000824.0.701532680 at boing.topica.com April 5, 2000 Leading Scientists Debate the Merits of Biotechnology Read the debate on transgenic crops pu ...

Document Size:	7094
Author:	Doug Henwood
Date:	Wed Apr 5 12:23:13 PDT 2000

36858 options thread -- rank: 1000

Rakesh Bhandari wrote: >Only if ever continously declining percentage of population people is >enjoying 6% increase of earnings, would it be possible for a >higher earnings growth rate not to outstrip the GDP if latter is growing >at slower rate, no? So is the Pollak paradox only another name >for the tendency towards the centralization of wealth? At any >rate, profits, as conventionally measured, are fairly stable as perentage >of GDP, as conventionally measured, no? But t ...

Document Size:	5404
Author:	Doug Henwood
Date:	Wed Apr 5 11:57:16 PDT 2000

36859 Is This a Parody of Pomo... -- rank: 1000

Michael Hoover wrote: >while I've come to accept that I principally exist as 'virtual' non-person >on lbo, Come now Michael, you're not a nonperson, virtually or in reality. > check of archives will indicate that I was first to answer >correctly... Yes: Date: Wed, 5 Apr 2000 01:51:24 -0400 (EDT) ahead of John Mage's: Date: Wed, 5 Apr 2000 10:11:57 -0500 John, is your computer adjused for daylight savings time? Sort the prizegiving out among yourselves. DOug

Document Size:	4931
Author:	Doug Henwood
Date:	Wed Apr 5 12:00:13 PDT 2000

36860 executive options -- rank: 1000

Christian A. Gregory wrote: >Maybe I'm missing something here. Where did the assumption that stock >returns are proportional to profits come in? I know that they are assumed to >have something to do with one another in the long run. But wouldn't the >contradictory motives and assumptions of investors (i.e. that the short run >matters most for the market--ie. the expectations about expectations over >the long run) have something to do with the "abnormal" rate of stock ...

Document Size:	5442
Author:	Doug Henwood
Date:	Wed Apr 5 11:55:28 PDT 2000

36861 executive options -- rank: 1000

Enrique Diaz-Alvarez wrote: >1) Enormous friction costs of financial middlemen (was it 50% of net >investment ending up in the pockets of the finance industry, Doug?). More like 25%, I think, but I actually don't have a copy of Wall Street in my posh new office. Doug

Document Size:	4605
Author:	Doug Henwood
Date:	Wed Apr 5 11:48:25 PDT 2000

36862 executive options -- rank: 1000

Michael Pollak wrote: >But if stock market returns are proportional to profits, and profits can >only grow over the long run at the same rate as GDP growth (because if >they outsripped it consistently, eventually they would outstrip GDP), that >seems to mean it's impossible for the stock market to generate an >historical average return that's greater than GDP growth over the long >run. But hasn't it done just that, by historically returning 6%? Under >this assumption, shou ...

Document Size:	5276
Author:	Doug Henwood
Date:	Wed Apr 5 11:29:51 PDT 2000

36863 Communism's surprising appeal to a new generation -- rank: 1000

Charles Brown wrote: >It is sort of the converse of the boy who cried wolf. And then one >day, the wolf really came. So is the CP really growing this time? You left the Party, didn't you? Doug

Document Size:	4778
Author:	Doug Henwood
Date:	Wed Apr 5 11:23:55 PDT 2000

36864 Klein -- rank: 1000

>Date: Wed, 5 Apr 2000 08:53:01 -0400 (EDT) >From: jesse hirsh <jesse at tao.ca> >To: lbo-talk at lists.panix.com >Subject: Re: Canada's anti-corporate crusader > > >although i'm real late in chiming in on this thread (and since i read >lbo-talk via the tao.ca newsgroups this email will bounce to doug first) i >just wanted to make the effort to say that both the nytimes and ken >hanly's depiction of our comrade naomi klein is just plain false. naomi is >far ...

Document Size:	6217
Author:	Doug Henwood
Date:	Wed Apr 5 06:24:55 PDT 2000

36865 Canada's anti-corporate crusader -- rank: 1000

Carrol Cox wrote: >If you want "catch" people just for that magic 45 seconds in the voting >booth, fine. If you want to create a bureaucratic social democratic >or pseudo leninist party, in which the masses passively support leaders >who will do good things for them, fine. If you want a mass >movement, then ....... ...then what? Doug

Document Size:	4867
Author:	Doug Henwood
Date:	Tue Apr 4 23:22:42 PDT 2000

36866 Dolan -- rank: 1000

[posted from non-sub'd address] From: "Ingham, Hep (Contractor)" <Hingham at Hovensa.com> To: "'lbo'" <lbo-talk at lists.panix.com> Subject: FW: More on your buddy Dolan Date: Tue, 4 Apr 2000 21:22:23 -0400 When Dolan was in Houston towards the end of Jan. he took credit for Seattle and gave a speech peppered with references to Julie Chirstie, Colin Hines, Tom Hayden etc. Here is Buzzanco's take on Dolan: -----Original Message----- From: buzzanco [mailto:buzz at U ...

Document Size:	6547
Author:	Doug Henwood
Date:	Tue Apr 4 21:21:22 PDT 2000

36867 panel -- rank: 1000

Apologies for the New York content: I'm the token male on a panel on labor & "globalization" this Friday, 6:30-8:30, at the Judson Church, Washington Sq S, NYC, part of the NYU sweatshop conference. Other panelists are Naomi Klein (the not-left-enough-for-some author), Thea Lee of the AFL-CIO (who makes the anti-China case very strongly), Anuradha Mittal of Food First (who's very hostile to the anti-China stance). Moderated by The Nation's Betsy Reed. Doug

Document Size:	4699
Author:	Doug Henwood
Date:	Tue Apr 4 15:47:19 PDT 2000

36868 Amazon.com: pure brand -- rank: 1000

[Speaking of Naomi Klein.... Gotta love the dateline on this piece.] Financial Times - April 3, 2000 Amazon wants to focus on brand By Andrew Edgecliffe-Johnson in Las Vegas Amazon.com, the leading online retailer, could spin off its fixed assets to focus purely on managing its brand, Jeff Bezos, chief executive, said on Monday. Although he was cautious about pursuing such a strategy too soon, Mr Bezos said he was "very excited" about the idea of becoming "the Coca-Cola of the web ...

Document Size:	6690
Author:	Doug Henwood
Date:	Tue Apr 4 15:28:56 PDT 2000

36869 executive options -- rank: 1000

Rakesh Bhandari wrote: >Doug, >I am confused by all this talk about how present valuations are based on a >rate of profit growth (15%) that means in so many years profits would eat >up all of GDP , if it continues to grow at its current rate (3%). >1. Why and how are present valuations dependent on that kind of >extended profit growth? Couldn't I buy at present values expecting no >more than say a 7% profit growth rate as long as I think buying on the >Nikkei poses grea ...

Document Size:	6836
Author:	Doug Henwood
Date:	Tue Apr 4 15:26:11 PDT 2000

36870 stock market indicator -- rank: 1000

By my old rule of thumb - when I get calls from mainstream news organizations, it's time to buy - I did indirectly get a call from CNN this afternoon. I can't do it tonight, but the slide may be near its end. Doug

Document Size:	4596
Author:	Doug Henwood
Date:	Tue Apr 4 14:20:22 PDT 2000