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36916 U.S. prospects -- rank: 1000

Rakesh Bhandari wrote: >My problem with this kind of analysis of the relation between CAD, fiscal >surplus and currency value is that it is akin to the search for an inverse >square law that applies universally to all countries. You're right. But what else can you do in this economics game, but look for analogies and precedent. There are no reagents, as the man said. >So the US prints dollars or allows its currency to fall, and the debt is >restructured. Big deal? Wow, this is qui ...

Document Size:	6745
Author:	Doug Henwood
Date:	Tue Sep 28 08:46:52 PDT 1999

36917 Marx on free trade -- rank: 1000

Carl Remick wrote: >OK, eagle eyes, where is the line located today? This whole flap >over genetically modified foods, for instance -- do you think >Europe's opposition to US GM crops and hormone-laden beef reflects >legitimate scientific worries or sheer protectionism? I'm not eagle eyes, but... While I'm a lot more wary about biotech than Comrade Heartfield, I think there's also a very interesting psycho-emotional component to the anxiety too: an anxiety about purity and outsiderh ...

Document Size:	5132
Author:	Doug Henwood
Date:	Tue Sep 28 07:52:22 PDT 1999

36918 Littleton: it's Adorno's fault -- rank: 1000

[This hardly seems like the aphorism of a sexual troglodyte.] Minima Moralia, #59 Since I set eyes on him.[1] - The feminine character, and the ideal of femininity on which it is modelled, are products of masculine society. The image of undistorted nature arises only in distortion, as its opposite. Where it claims to be humane, masculine society imperiously breeds in woman its own corrective, and shows itself through this limitation implacably the master. The feminine character is a negative imp ...

Document Size:	7307
Author:	Doug Henwood
Date:	Tue Sep 28 07:24:24 PDT 1999

36919 Snideness, and Marx on free trade -- rank: 1000

Oiboy27 at aol.com wrote: >My concern is with the assembly of >popular support for a sensible progressive political base. By "sensible" I >also mean realistic. Does this make sense? Or will I receive another snide >reply? I'm all for a realistic and popular radical politics. I'm all against slurs against the "counterculture," and claims that "cultural" politics is a distraction from "real" politics. That point is in this list's manifesto, even. ...

Document Size:	5115
Author:	Doug Henwood
Date:	Tue Sep 28 07:06:27 PDT 1999

36920 Marx on free trade -- rank: 1000

Carl Remick wrote: >It's amazing how capitalism can alienate even those who do quite >well by it, such as American doctors, who have an average net income >of over $160,000 a year. A front-page article in today's Wall >Street Journal reports that U.S. doctors increasingly identify >themselves as Democrats rather than Republicans because of the loss >of autonomy they've experienced under managed care. > >What impressed me was the type of language used by one physician > ...

Document Size:	5593
Author:	Doug Henwood
Date:	Tue Sep 28 06:53:30 PDT 1999

36921 Marx on free trade -- rank: 1000

Max Sawicky wrote: > > . . . > > Well, "we" have lost pretty much every regulatory battle in every > > corner of the world over the last 20 years. Now at least we can blame > > the WTO! > > Doug > > >That's a tad overstated. Ok, a tad. Name some victories for the good guys, though, Max. It's late, and I'm feeling gloomy. Doug

Document Size:	4799
Author:	Doug Henwood
Date:	Mon Sep 27 20:23:42 PDT 1999

36922 Sweatshop Video -- rank: 1000

Beth Goldstein wrote: >I'm teaching a business ethics course (better me than some Milton Friedman >type, right?). I'm looking for a good, one hour video on corporate abuse >of human rights (a la Nike, Walt Disney, Exxon). Any suggestions? The latest ish of Against the Current positively reviews "Sweating for a T-Shirt," a video by global exchange. $25 for individuals, $100 for institutions. Contact <info at globalexchange.org> for more info. Doug

Document Size:	4879
Author:	Doug Henwood
Date:	Mon Sep 27 20:14:16 PDT 1999

36923 sign of the times? -- rank: 1000

From the Nikkei Net news service (Japan): <quote> Announcement: The feature entitled "Japan's Recession" has been renamed "Road to Recovery." All articles previously published under the old title are available in the new section. </quote>

Document Size:	4580
Author:	Doug Henwood
Date:	Mon Sep 27 20:06:13 PDT 1999

36924 perceptions -- rank: 1000

[from Gallup's weekly update] BUSINESS & THE ECONOMY Poll Shows Widespread Public Perceptions of Personal Economic Progress But lower-income Americans least likely to report improvement Almost two-thirds of all Americans -- 64% -- say that over the past three years, their personal financial situation has gotten better, while just 18% say it has gotten worse. But this assessment of upward mobility is not universal across all segments of American society; it varies substantially by how much pe ...

Document Size:	5448
Author:	Doug Henwood
Date:	Mon Sep 27 19:46:22 PDT 1999

36925 Marx on free trade -- rank: 1000

Michael Perelman wrote: >Doug, while you have a point here -- Certainly JfJ was a landmark >success -- the >real threat of NAFTA et al is not lowering of tariffs (i.e., conventional free >trade) but the supranational bodies that can take actions overriding national >law. I suspect that these powers represent the real threat of trade >agreements. Well, "we" have lost pretty much every regulatory battle in every corner of the world over the last 20 years. Now at least ...

Document Size:	4930
Author:	Doug Henwood
Date:	Mon Sep 27 19:24:26 PDT 1999

36926 Malcolm X on paying dues -- rank: 1000

A friend writes: >Somewhere Malcolm X wrote something about how dues should be high >enough that people notice paying them, because it makes membership >more meaningful. I don't suppose you know where he wrote that? I >wouldn't know where to begin looking. Any ideas? Doug

Document Size:	4705
Author:	Doug Henwood
Date:	Mon Sep 27 12:40:27 PDT 1999

36927 U.S. prospects -- rank: 1000

[Two Wall Street mavericks - so out of it that they're in New Hampshire - Marshall Auerback and Frank Veneroso of Veneroso Associates, caught wind of my U.S. foreign debt chart and sent me some of their stuff. I get uncomfortable amidst all this scaremongering, but here's an excerpt from one of their reports. The lead-in to this talked about how standard thinking in the 1980s was that the trade deficit was a function of the budget deficit, which it turned out not to be. The Long Beach data at th ...

Document Size:	9922
Author:	Doug Henwood
Date:	Mon Sep 27 15:12:27 PDT 1999

36928 Fwd: cato: stop imf bailouts -- rank: 1000

[from Rob Weissman, editor of Multinational Monitor] The latest broadside from the Cato Institute on the IMF. This is an executive summary of a briefing paper. The full text is available from: http://www.cato.org/pubs/fpbriefs/fpb-054es.html Cato Foreign Policy Briefing No. 54 September 27, 1999 Repairing the Lender-Borrower Relationship in International Finance by Ian Vasquez Ian Vasquez is director of the Project on Global Economic Liberty at the Cato Institute and coeditor of Perpetuating Pov ...

Document Size:	7199
Author:	Doug Henwood
Date:	Mon Sep 27 13:55:19 PDT 1999

36929 Malcolm X on paying dues -- rank: 1000

A friend writes: >Somewhere Malcolm X wrote something about how dues should be high >enough that people notice paying them, because it makes membership >more meaningful. I don't suppose you know where he wrote that? I >wouldn't know where to begin looking. Any ideas? Doug

Document Size:	4340
Author:	Doug Henwood
Date:	Mon Sep 27 12:40:27 PDT 1999

36930 U.S. foreign debt -- rank: 1000

Rakesh Bhandari wrote: >So I agree with Doug and Fred >Moseley in his published writings (Capital and Class, Monthly Review, >Historical Materialism)that a cut off of credit and correction in the >asset market could indeed plunge the real US economy into at least deep >recession. It just seems to me that the US has much greater power to >finance very large current account deficits than either is >recognizing--even if the dollar remains devalued. You know I'm no doom & ...

Document Size:	5169
Author:	Doug Henwood
Date:	Mon Sep 27 11:48:11 PDT 1999