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37696 Glass-Steagall -- rank: 1000

Brad De Long wrote: >There is a question: did the NY Fed implicitly give promises of >future regulatory *forbearance* if the investment banks cooperated, >or did it implicitly threaten to drop the regulatory hammer on banks >that did not cooperate? > >I don't know. The people who do know don't tell. Probably it was as >vague as "we hope that you all will be helpful..." The Fed doesn't have to say things like that, does it? Isn't that part of where its head-knocking ...

Document Size:	5546
Author:	Doug Henwood
Date:	Tue Nov 9 09:14:27 PST 1999

37697 corruption again -- rank: 1000

Tom Lehman wrote: >Doug, this is hot stuff! Where on the World Bank website is this >story located or >is it from one of their e-mail newsletters. It's not on their public website - it's part of a secret, password-protected subset for recognized, ha ha, journalists. But it's based on a WSJ story, which follows. Doug ---- Wall Street Journal - November 9, 1999 Bribery, Corruption Are Rampant In Eastern Europe, Survey Finds By JOHN REED and ERIK PORTANGER Staff Reporters of THE WALL STRE ...

Document Size:	8407
Author:	Doug Henwood
Date:	Tue Nov 9 08:25:25 PST 1999

37698 corruption again -- rank: 1000

[from the World Bank's daily clipping service] BRIBERY FILLS EAST EUROPEAN COMMERCE: EBRD, WORLD BANK. A survey of more than 3,000 East European companies paints a sobering picture of endemic corruption, favored lobbies, and continuing state influence over business 10 years after the collapse of communism, reports the Wall Street Journal (p.A21) and the Wall Street Journal Europe. The survey by the World Bank and the EBRD, published yesterday as part of the EBRD's annual Transition Report, con ...

Document Size:	8077
Author:	Doug Henwood
Date:	Tue Nov 9 06:53:39 PST 1999

37699 contra-Blair -- rank: 1000

Agence France Presse - November 8, 1999 WORLD SOCIALIST LEADERS MULL GLOBALISATION, REBUFF BLAIR'S "THIRD WAY" Socialist leaders from more than 140 nations, gathered to mull a joint response to the challenges of globalisation, were opting Monday for traditional values of social justice rather than the liberal approach touted by Britain's Tony Blair and Germany's Gerhard Schroeder. And even Blair and Schroeder, among a bevy of heads of state and government attending the last Socialist I ...

Document Size:	8327
Author:	Doug Henwood
Date:	Tue Nov 9 05:57:30 PST 1999

37700 Trahison des jerks -- rank: 1000

C. G. Estabrook wrote: > The British Prime Minister privately suggested to French Socialist leaders > that it should be renamed the Centre-Left International. What an awful name. You'd think Blair would have a better marketing sense than that at least. How's this playing with domestic audiences in Britain? Doug

Document Size:	4710
Author:	Doug Henwood
Date:	Tue Nov 9 05:24:32 PST 1999

37701 keiretsu unwinding -- rank: 1000

Financial Times - November 9 1999 Nissan, IBJ, Fuji dispose of stakes By Alexandra Harney and Gillian Tett in Tokyo Nissan Motor and its two main banks, the Industrial Bank of Japan and Fuji Bank, are to sell their large holdings of shares in each other, in a landmark example of the trend to unwind long-term corporate relationships in Japan. The move is part of Nissan's ¥1,000bn (E9bn) restructuring plan designed by Carlos Ghosn, the chief operating officer seconded from the troubled carmaker's ...

Document Size:	6825
Author:	Doug Henwood
Date:	Tue Nov 9 04:43:16 PST 1999

37702 Glass-Steagall -- rank: 1000

bill fancher wrote: >Are you saying that allowing a possible financial collapse would have >been better Some days, I think so, but that's irresponsible of me. > and the Fed should have kept hands off, or that the public >should have financed the bail-out, or what? I think the fuckers should be regulated sufficiently that it never becomes an issue, but that if public money is required, the public should get something for it. Doug

Document Size:	4887
Author:	Doug Henwood
Date:	Mon Nov 8 13:02:08 PST 1999

37703 Fwd: Interactive Death Row -- rank: 1000

[pointed out by Jeff St Clair - sorry, Max, but his head doesn't explode - the guy I got to execute was convicted of killing Bono (U2's, not Sonny, who's already dead), which I didn't realize was a capital crime] "Welcome to Deathrow Online. Nowadays almost everything can be done online! You can turn on a tablelamp or stop a train. But Deathrow Online goes beyond that! It's the only place on the Net where you can be the executioner. How does it work? If you agree to volunteer to operate the ...

Document Size:	5437
Author:	Doug Henwood
Date:	Mon Nov 8 11:04:40 PST 1999

37704 Workfare for the HIV+ -- rank: 1000

[The latest from Rudy the Disciplinarian, from City Limits weekly update.] WORKFARE'S CLEAN SWEEP Fresh from their plan to make shelter residents work for their beds, the city has found another downtrodden subgroup to push into work programs: people with HIV. Last week, Human Resources Administration reps introduced their new plan to put victims of domestic violence, refugees and other sub-populations of welfare recipients, including the HIV positive, into street--sweeping and paper--filing work ...

Document Size:	6665
Author:	Doug Henwood
Date:	Mon Nov 8 10:48:31 PST 1999

37705 Glass-Steagall -- rank: 1000

bill fancher wrote: >But Greenspan, along with New York Fed President William McDonough, >stressed that LTCM's rescue was not a government bailout because public >funds were not involved in the effort. > "The Federal Reserve Bank of New York's efforts were designed solely to >enhance the probability of an orderly private-sector adjustment," >Greenspan said. "No Federal Reserve funds were put at risk, no promises >were made by the Federal Reserve and no indivi ...

Document Size:	5063
Author:	Doug Henwood
Date:	Mon Nov 8 10:45:07 PST 1999

37706 students for social investing -- rank: 1000

Chronicle of Higher Education - web daily - November 8, 1999 U.S. STUDENTS RALLY AT YALE TO DEMAND RESPONSIBLE INVESTMENT BY COLLEGES By Peter Schmidt And Martin Van Der Werf Student activists from more than 100 colleges gathered at Yale University over the weekend to form a new coalition aimed at pressuring colleges not to invest in businesses that its members view as socially irresponsible. "We have the power on our campuses to influence how universities invest, and, in turn, university i ...

Document Size:	7765
Author:	Doug Henwood
Date:	Mon Nov 8 07:42:16 PST 1999

37707 Despair & Utopia (was Re: "Post-Modernism") -- rank: 1000

Mr P.A. Van Heusden wrote: >What does an anti-capitalist politics in a society where most people have >a car, a job and a fucking big TV look like? I've got some ideas, but they >look almost as little like 'traditional working class politics' as they >look like a page out of Baudrillard. Do tell... Doug

Document Size:	5019
Author:	Doug Henwood
Date:	Mon Nov 8 07:35:29 PST 1999

37708 Stratfor: France and India Contemplate Strategic Alliance -- rank: 1000

Ulhas Joglekar forwarded: >Russia, China, France, and India all share the view that U.S. global >hegemony must be counterbalanced. Blocs are being established along >Russia-China-France and Russia-India-France lines. Hmm, interesting. Where's the rest of the EU here (aside from Britain, which, as Tariq Ali says, is the U.S. Trojan horse inside Europe)? Doug

Document Size:	5104
Author:	Doug Henwood
Date:	Sun Nov 7 18:58:42 PST 1999

37709 Glass-Steagall -- rank: 1000

Enrique Diaz-Alvarez wrote: >What I had in mind was Bank One merging with Goldman Sachs, say, then >the ball falling on red when GS has bet the house on black, thus >activating an FDIC bailout of the whole structure. We already effectively have that. The Fed thought it important to bail out Long-Term Capital Management, meaning that the safety net extends even to hedge funds. Doug

Document Size:	4713
Author:	Doug Henwood
Date:	Sun Nov 7 09:14:51 PST 1999

37710 neutron jack welch -- rank: 1000

[another address alias thing] Date: Sun, 7 Nov 1999 10:54:36 -0600 From: t-frank-3 at alumni.uchicago.edu (T. C. Frank) LBO-talkers: Please tell me what you know about the career and accomplishments of the celebrated Jack Welch of GE, America's greatest CEO and the management theorists' favorite. Is he as beloved of his working-class employees as he is of his stockholders? What are his proudest moments? tcf

Document Size:	4862
Author:	Doug Henwood
Date:	Sun Nov 7 09:06:17 PST 1999