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36901 Marx on free trade -- rank: 1000

Max Sawicky wrote: >He said in the '96 campaign that he didn't want to discuss "gonadal" >politics. Phobic or not, at best that's cowardly horseshit. >D > >>> > >"Cowardly" assumes he thought it was the right thing to >do but shrank from the task. Maybe he does; I don't >know. "horseshit" is another matter. "Cowardly" means not saying what he thinks, no matter whether it's the right thing or wrong. "Horseshit" b ...

Document Size:	5007
Author:	Doug Henwood
Date:	Wed Sep 29 13:46:20 PDT 1999

36902 U.S. prospects -- rank: 1000

Michael Pollak wrote: >This guy Frank Veneroso also writes articles with Robert Wade for New Left >Review, no? Yup. > But he has a rep (even if as a maverick) on Wall Street? >Intriguing. Is he an investment advisor of some sort? Or does he publish >a newsletter? He's a partner, with Marshall Auerback, in a research boutique called Veneroso Associates. Auerback told me they have trouble selling their research on Wall Street because no one wants to hear what they have to say. Ji ...

Document Size:	5157
Author:	Doug Henwood
Date:	Wed Sep 29 13:03:35 PDT 1999

36903 Marx on free trade -- rank: 1000

Max Sawicky wrote: >Is Nader really homophobic, or does he merely take >a jaundiced view of "rights"-focused politics? He said in the '96 campaign that he didn't want to discuss "gonadal" politics. Phobic or not, at best that's cowardly horseshit. D

Document Size:	4632
Author:	Doug Henwood
Date:	Wed Sep 29 12:58:55 PDT 1999

36904 Pay no mind to the Alan behind the curtain... -- rank: 1000

DANIEL.DAVIES at flemings.com wrote: >Enrique Diaz-Alvarez wrote: > > >>What the hell is "banking productivity" anyway? > > > >Good question. No one really has any idea. > > > >Doug > >No, really, there is such a thing. Like if this year it only takes a call >centre and a smart system to run a credit card operation, whereas last year >it took 500 account managers. It is even possible to measure banking >productivity changes throug ...

Document Size:	5870
Author:	Doug Henwood
Date:	Wed Sep 29 10:07:09 PDT 1999

36905 the HiPC thing? -- rank: 1000

rc-am wrote: >hey listers, what's the deal with the HIPC (hiccup?) Hip-ick. Not to be confused with Clinton's early and short-lived proposal for "health insurance purchasing cooperatives," also HIPCs, which the focus groups said sounded too much like hiccups. > thing, is the threat >of reneging on debt so great, greater than the threat that wiping debt can >serve as a bad example to all those lazy do-nothing, want-a-handout types? >can i party now, or should i wait to re ...

Document Size:	5340
Author:	Doug Henwood
Date:	Wed Sep 29 08:42:24 PDT 1999

36906 Brezhnev for president! -- rank: 1000

[from Johnson's Russia List] Primakov says Russia's Soviet nostalgia logical MOSCOW, Sept 29 (Reuters) - Former Prime Minister Yevgeny Primakov said on Wednesday he was not surprised by a recent opinion poll which showed Russians would choose one of the late Soviet leaders as their next president if they could. According to the poll held by the Public Opinion Foundation in late August, Leonid Brezhnev and Yuri Andropov would get 12 percent each if they could take part in next year's presidential ...

Document Size:	6507
Author:	Doug Henwood
Date:	Wed Sep 29 08:15:30 PDT 1999

36907 reparations -- rank: 1000

Charles Brown wrote: >Jim: >Well, the obvious is often deceptive and wrong. > >Charles: But not most of the time. And in this case it is neither >deceptive nor wrong as usual. Charles, I'm shocked a Marxist like you would say such a thing. The "obvious" is often the most ideological thing of all. To take a nonrandom example, most people in the U.S. regard market exchange as a realm of freedom - the realm of liberty, equality, and Bentham, as the Old Guy put it. To a Marx ...

Document Size:	5125
Author:	Doug Henwood
Date:	Wed Sep 29 08:20:49 PDT 1999

36908 Pay no mind to the Alan behind the curtain... -- rank: 1000

Enrique Diaz-Alvarez wrote: >What the hell is "banking productivity" anyway? Good question. No one really has any idea. Doug

Document Size:	4691
Author:	Doug Henwood
Date:	Wed Sep 29 07:43:43 PDT 1999

36909 Fwd: Thought this might be interesting -- rank: 1000

[Can't find this on the Fed website yet.] Fed Study Sees Stock Prices Slumping Once Buybacks Wane By Joseph Rebello WASHINGTON (Dow Jones)--U.S. companies have been pumping up the price of their stocks by spending less on dividends and more to buy back shares, but the habit is becoming so costly that the spending is bound to slow, a Federal Reserve study has concluded. When it does, likely in the "near term," U.S. stock prices could fall as much as 38%, says the study, one of several t ...

Document Size:	9958
Author:	Doug Henwood
Date:	Wed Sep 29 06:54:41 PDT 1999

36910 crying Wolf -- rank: 1000

[from Martin Wolf's column in today's Financial Times <http://www.ft.com/hippocampus/q18494e.htm>] Above all, as Michael Mussa, the IMF's director of research, noted last week: "The US economy has supplied, over the past 18 months or so, roughly half of the total demand growth in the global economy." Year-on-year growth in US domestic demand rose, remarkably, from 3.6 per cent in 1996 to 4.2 per cent in 1997 and then 5.2 per cent in 1998. It remained at more than 5 per cent in th ...

Document Size:	6686
Author:	Doug Henwood
Date:	Wed Sep 29 06:28:28 PDT 1999

36911 wealth tax -- rank: 1000

"A Comprehensive Wealth Tax" BY: DAVID J. SHAKOW University of Pennsylvania Law School REED SHULDINER University of Pennsylvania Law School Document: Available from the SSRN Electronic Paper Collection: http://papers.ssrn.com/paper.taf?abstract_id=169728 Paper ID: University of Pennsylvania Law School, Institute for Law and Economics, Working Paper No. 266 Date: September 1998 Contact: DAVID J. SHAKOW Email: Mailto:dshakow at oyez.law.upenn.edu Postal: University of Pennsylvania ...

Document Size:	7253
Author:	Doug Henwood
Date:	Tue Sep 28 17:21:06 PDT 1999

36912 Marx on free trade -- rank: 1000

Michael Perelman wrote: >At least Max labeled me a Buchananite/Naderite. This is a decidedly >significant step down in my standing here. I don't know where here is, Michael, but you don't seem much like a Buchananite/Naderite to me. Ralph wouldn't approve of a book on the natural instability of markets, for example. Doug

Document Size:	4687
Author:	Doug Henwood
Date:	Tue Sep 28 12:48:59 PDT 1999

36913 U.S. prospects -- rank: 1000

J. Barkley Rosser, Jr. wrote: >I would be a bit more cautious about dinging >the twin deficits theory, if I were you. Certainly it >looks pretty empty today with humongous budget >surpluses and trade deficits coinciding. Hey, you take your targets of opportunity where you find 'em. Cheap opportunism aside, though, what's that law that Paul Davidson always cited, Thirlwell's? That a country growing faster than its trading partners should see a deterioration in its trade account? That ...

Document Size:	5719
Author:	Doug Henwood
Date:	Tue Sep 28 11:48:29 PDT 1999

36914 WSJ on US debt -- rank: 1000

Michael Pollak wrote: >Is this the same Frank Veneroso that publishes articles in New Left >Review? Yes, with Robert Wade. Doug

Document Size:	4469
Author:	Doug Henwood
Date:	Tue Sep 28 09:31:48 PDT 1999

36915 U.S. prospects -- rank: 1000

The 7% deficit figure refers, I think, to private nonfinancial borrowing of all kinds. Though I just looked at the latest flow of funds numbers, and the combined borrowing of households and nonfinancial business has averaged 8% of GDP so far this year - not a record, but on a par with the "reckless" 1980s. Doug

Document Size:	4674
Author:	Doug Henwood
Date:	Tue Sep 28 09:31:27 PDT 1999