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37306 Gitlin's 'Yes' Echoed Among Leftists -- rank: 1000

Yoshie Furuhashi wrote: > Though I admire Said's work in many respects (both his >scholarship & activism), I think that his culturalist framework of >political analysis -- Orientalism -- didn't serve him well in this case, in >that it may have inclined him to believe (contrary to facts) that 'a poor >nation of Muslims has been unfairly denied military aid from outside due to >their (real or imagined) religion' or something like that. The way I remember the stance of Landy a ...

Document Size:	5314
Author:	Doug Henwood
Date:	Sun Oct 17 10:51:42 PDT 1999

37307 Gitlin's 'Yes' Echoed Among Leftists -- rank: 1000

Stephen E Philion wrote: >I'm surprised to find Said's name on this list, since he ended up writing >some fine anti-NATO pieces during the bombing of Yugoslavian, Albanian, >and Chinese civilians a few months back. Any explanation? I don't see how a call to lift the arms embargo equates with or implies support for NATO. While there are some unpleasant names on the list - Toady the Git prominent among them - Joanne Landy and the Jacobsons are no friends of U.S. imperialism. Perhaps Yoshi ...

Document Size:	5083
Author:	Doug Henwood
Date:	Sun Oct 17 10:05:52 PDT 1999

37308 NYT on '29 -- rank: 1000

As we approach the 70th anniversary of the 1929 stock market crash... The NYT has a retrospective, including its own coverage of the event, at <http://www.nytimes.com/library/financial/index-1929-crash.html>. Doug

Document Size:	4597
Author:	Doug Henwood
Date:	Sun Oct 17 09:38:22 PDT 1999

37309 BW on UAW deal -- rank: 1000

BUSINESSWEEK ONLINE : OCTOBER 25, 1999 ISSUE THE WORKPLACE Commentary: The Auto Talks: Who Really Won It looked like a clear case of highway robbery. The United Auto Workers reached into the pockets of Detroit's Big Three carmakers during recently completed national contract talks and drove off with the richest terms in two decades. By the time the new pacts expire four years from now, the 370,000 UAW members at the Big Three will be raking in $25 an hour, up 25% from today--plus a nice bonus an ...

Document Size:	12299
Author:	Doug Henwood
Date:	Sun Oct 17 09:23:32 PDT 1999

37310 Hate crimes -- rank: 1000

Charles Brown wrote: >It is not I who construes Marxism as a dogma. Who is it then? Doug

Document Size:	4407
Author:	Doug Henwood
Date:	Sat Oct 16 12:58:40 PDT 1999

37311 Che -- rank: 1000

A friend of mine is assembling quotes from people whose images were later used in advertising or other commercial applications. Any idea(s) for a good quote from Che, whom Swatch made into a watch? Doug

Document Size:	4403
Author:	Doug Henwood
Date:	Sat Oct 16 11:40:13 PDT 1999

37312 sobriety & usury -- rank: 1000

Carrol Cox wrote: >What is the "theory of adverse selection"? And where in Smith is it >explained? High interest rates chase away good borrowers, leaving only the reckless and/or criminal in the market. Smith says in book II, chapter 4 of the Wealth Of Nations (part of a passage urging legal ceilings on interest rates): "If the legal rate of interest in Great Britain, for example, was fixed so high as eight or ten percent, the greater part of the money which was to be lent w ...

Document Size:	5339
Author:	Doug Henwood
Date:	Sat Oct 16 10:13:59 PDT 1999

37313 Eagleton on Spivak -- rank: 1000

michael perelman wrote: >It was Adam Smith. But Ricardo also said: "To the question, 'who would lend money to farmers, manufacturers, and merchants, at 5 per cent. per annum, when another borrower, having little credit would give 7 or 8?' I reply, that every prudent or reasonable man would. Because the rate of interest is 7 or 8 per cent. there where the lender runs extraordinary risk is this any reason that it should be equally high in those places where they are secured from such risks ...

Document Size:	4863
Author:	Doug Henwood
Date:	Sat Oct 16 08:46:53 PDT 1999

37314 ursine rumblings -- rank: 1000

[This is from a perma-bear, portfolio manager David Tice, and so should be read with a grain or two of salt. Still, he's got a point.] We continue to have a serious problem with Greenspan's claim that bubbles are "incontrovertibly evident only in retrospect." History will not be kind to this analysis. After all, the signs of bubble excess have been obvious for some time. All one has to do is look at excesses that have become endemic to both our financial system and economy. And while t ...

Document Size:	8837
Author:	Doug Henwood
Date:	Sat Oct 16 08:42:38 PDT 1999

37315 Eagleton on Spivak -- rank: 1000

Rob Schaap wrote: >Well, the likes of Krugman and Stiglitz in America and Gittins and (when he >wants to) Walsh in Australia manage to say their mainstream economics >pieces so I, sans any economics background at all, can confidently >disagree. Rob, did you ever read any of Stiglitz' academic work? It's almost all math. As far as I can tell, though the math is impenetrable to me, he's not saying much that couldn't be said in ordinary prose, but you can't be sanctified as a theorist i ...

Document Size:	5203
Author:	Doug Henwood
Date:	Sat Oct 16 08:34:23 PDT 1999

37316 Postmodern Cover for Gitlin's 'Yes' -- rank: 1000

Yoshie Furuhashi wrote: >postmodern cover for Todd Gitlin As the one who supposedly thinks "postmodernism" so new, I'm really confused about what this means. Gitlin's piece sounds like old-fashioned liberal imperialism to me, right out of the Dissent playbook. And isn't he the guy who's killed so many trees and heated so much air denouncing "identity" politics over the years in the name of the old verities? Doug

Document Size:	5037
Author:	Doug Henwood
Date:	Sat Oct 16 08:29:22 PDT 1999

37317 Hate crimes -- rank: 1000

Charles Brown wrote: >LIBERtarians have the same roots as LIBERals :>). This LIBERty thing >is tricky. Well, Charles, what do you make of this from a fellow named Karl Marx, which Angela posted here in June? Was this just a youthful indiscretion? There's a lot more of this at the Marx archive. Doug ---- Marx, FIFTH ARTICLE IN SERIES, _Rheinische Zeitung_, No. 135, Supplement May 15 1842 "WE HAVE shown how the press law expresses a right and the censorship law a wrong. The censorsh ...

Document Size:	21950
Author:	Doug Henwood
Date:	Sat Oct 16 08:12:25 PDT 1999

37318 Laffer on Mundell -- rank: 1000

[From the Wall Street Journal editorial page, which, as Michael Thomas says, they run in lieu of comics. Laffer, besides writing this masterpiece, was the author of Jerry Brown's 1992 tax plan.] Wall Street Journal - October 15, 1999 ECONOMIST OF THE CENTURY By Arthur B. Laffer, chairman of Laffer Associates, financial consultants in San Diego. The first word that came to mind when I heard that Robert A. Mundell had just won the Nobel Prize in economics was vindication. Back in the 1960s Mr. Mun ...

Document Size:	11283
Author:	Doug Henwood
Date:	Sat Oct 16 07:23:45 PDT 1999

37319 Tariq Ali editorial on Pakistan coup -- rank: 1000

[Russell, <sniff> why didn't you think of us?] Date: Fri, 15 Oct 1999 16:06:54 +0200 From: Russell Grinker <grinker at mweb.co.za> Nation Magazine, November 1, 1999 Pakistan: No Way Out For the third time in Pakistan's traumatic history, the army has seized power--this time, apparently, against the advice of the United States. The country is under martial law. Prime Minister Nawaz Sharif, his brother Shahbaz and Gen. Mohammad Ziauddin of Inter Services Intelligence (ISI) are under ho ...

Document Size:	9078
Author:	Doug Henwood
Date:	Fri Oct 15 17:56:02 PDT 1999

37320 Greenspan scares 'em -- rank: 1000

rc-am wrote: > >Greenspan urges banks to prepare for a fall< > >why? Because there's a good chance the exuberance is about to come to a close. Greenspan's style has long been to warn markets of his intentions, and he seems to be warning of a sustained tightening. This will take a lot of gas out of the U.S. bubble. Greenspan has also said - not in these exact words, but this was what he was telegraphing - that he thinks that unlike Japan, the U.S. can take a bubble-deflation becaus ...

Document Size:	4980
Author:	Doug Henwood
Date:	Fri Oct 15 17:08:34 PDT 1999