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37726 Double Bubble Trouble -- rank: 1000

Jordan Hayes wrote: >Plus, unemployment in the US was announced to be at a 29 year low >(and jobs growth resumed), so the US bond market rallied and NASDAQ >pushes to new heights on heavy volume. But average hourly earnings were barely up, and the jobs number came in a bit weaker than feared. Nirvana has been given at least another month's lease on life. Doug

Document Size:	4762
Author:	Doug Henwood
Date:	Fri Nov 5 09:33:34 PST 1999

37727 glass steagall -- rank: 1000

T. C. Frank wrote: >I was out of the country for a few weeks and now I understand Glass >Steagall has finally been repealed. Was there much debate on this or was >it the usual 100% financial industry consensus, good riddance to a >"depression era" relic? Was FDIC also abolished? Other countries have no equivalent of Glass-Steagall; they have large, universal banks. And many of those other countries have more egalitarian distributions of income and fewer financial crises tha ...

Document Size:	5005
Author:	Doug Henwood
Date:	Fri Nov 5 09:25:32 PST 1999

37728 red meat for conspiracy theorists -- rank: 1000

[This is too long to forward, but the audience and topic are too rich to pass over. The full text is at <http://www.pub.whitehouse.gov/uri-res/I2R?urn:pdi://oma.eop.gov.us/19 99/11/5/3.text.1>.] THE WHITE HOUSE Office of the Press Secretary (Hartford, Connecticut) ________________________________________________________________________ For Immediate Release November 4, 1999 As Prepared for Delivery SAMUEL R. BERGER NATIONAL SECURITY ADVISOR REMARKS TO THE ...

Document Size:	7240
Author:	Doug Henwood
Date:	Fri Nov 5 08:47:57 PST 1999

37729 coffee is E Timor's salvation -- rank: 1000

[from the World Bank's daily clipping service] EAST TIMOR SEEKS ESPRESSO ROUTE TO ECONOMIC PICK-ME-UP. Newly independent East Timor, its financial sector as devastated as its villages, will have to survive on its natural resources as it rebuilds, Reuters reports the World Bank said yesterday. World Bank East Timor mission chief Klaus Rohland said the territory's high quality coffee, its major export, could be the first business sector to take off and Bank officials were looking at getting expor ...

Document Size:	6328
Author:	Doug Henwood
Date:	Fri Nov 5 08:34:59 PST 1999

37730 Daewoo's $73-bn debt -- rank: 1000

Mr P.A. Van Heusden wrote: >The Financial Times today (or maybe yesterdays - forgot to check the date) Front page of today's U.S. edition. >reports that Daewoo is $73-bn in debt. It seems that the South Korean >government is going to intervene to cover these debts. Daewoo will be >'restructured', probably with substantial foreign intervention (foreign >lenders have refused to reschedule their share - $7.7bn - of debt). > >Any comments? What's up with the South Korean 'bounce ...

Document Size:	5693
Author:	Doug Henwood
Date:	Fri Nov 5 08:40:17 PST 1999

37731 Keynes / 'jouissance' -- rank: 1000

Jim heartfield wrote: >I realise it is taboo here, but it was Masud Zavarzadeh and Donald >Morton that wrote the first sceptical stuff about the so-called 'ludic >theory'. Come now, James, there are no taboos here. I'll even put up with people calling me a "liberal" for my attachment to free speech. Doug

Document Size:	4723
Author:	Doug Henwood
Date:	Fri Nov 5 08:29:12 PST 1999

37732 Keynes / Foucault: Retrofitting "Henwood before Butler" -- rank: 1000

Yoshie Furuhashi wrote: >Excellent. Now, ready for another dizzying experience of retrofitting? > >Keynes/Foucault, queer 'renegades,' the 'foundation' and limits -- >(dis)solution -- of social democracy: > >***** from Henwood, _Wall Street_ > >[Keynes] thought the _General Theory_ had solved "the" economic problem, in >both theory and practice. With that single shot, he claimed, he'd killed >both Ricardo _and_ Marx. To Keynes, both belonged to the &qu ...

Document Size:	6325
Author:	Doug Henwood
Date:	Fri Nov 5 08:24:19 PST 1999

37733 Request for texts and Response to Washington Post WTO article -- rank: 1000

Lisa & Ian Murray wrote: >Could anyone on these lists point me to any good/excellent left >texts/webpages on institutional [re]design as in a "Rethinking Int'l >Institutions" type stuff? I want to find some nice, relatively >self-contained essay/chapters I can both read and make Xeroxes of for people >in town and those coming from wherever for the WTO meeting. I/we would >greatly appreciate it. > >Also, here's the response I wrote to Anne Swardson regardin ...

Document Size:	5678
Author:	Doug Henwood
Date:	Fri Nov 5 08:21:37 PST 1999

37734 Keynes / 'jouissance' -- rank: 1000

Yoshie Furuhashi wrote: >retrofitting continues, Don't forget my longish side-trip on the psychoanalysis of money, which replaces the classic anal/gold theory with a narcissistic/oral view of pure credit money, and ties the Minsky paradox to the decline of patriarchy. Enough to annoy or amuse any anti-Freudian! Doug

Document Size:	4755
Author:	Doug Henwood
Date:	Fri Nov 5 08:19:37 PST 1999

37735 No subject -- rank: 1000

[from Johnson's Russia List] Independent (London) - November 5, 1999 FIRST SIGNS OF UNEASE OVER PLIGHT OF REFUGEES Initial jingoism gives way to creeping doubts about the human cost of the conflict, but Putin continues to ride wave of popularity By Patrick Cockburn in Moscow As exhausted and terrified refugees pour out of Chechnya, the attitude of the Russian media, hitherto wholly supportive of the military campaign, has begun to change. Viktor Baranets, an army colonel turned journalist, says: ...

Document Size:	8375
Author:	Doug Henwood
Date:	Fri Nov 5 08:14:28 PST 1999

37736 Morris website -- rank: 1000

Toe-sucker Dick Morris has a new website <http://www.vote.com>, where you can read his commentaries and vote on the burning issues of the moment. Current topics include: >Should Congress Ban ATM Surcharges? > >Should the Police Use Racial Profiling in Traffic Stops? > >Should New York City fund the Brooklyn Museum's Virgin Mary exhibit? > >Is the FAA Doing Enough for Air Safety? > >Protect Gays from Hate Crimes? > >Ban Handgun Sales to Kids Under 21? The ta ...

Document Size:	5016
Author:	Doug Henwood
Date:	Fri Nov 5 08:10:17 PST 1999

37737 Postmodernism Explained -- rank: 1000

Dennis R Redmond wrote: >Duisenberg: I don't know. The surprise in April was a surprise not so much >about the fact of moving, but about the size. The fact that we were moving >in April was already widely discounted in the markets. The size may have >been a surprise. And I would like to repeat that it is not our policy to >catch markets by surprise. We do want to be predictable. We do want to be >credible which doesn't rule out that, on some occasion in the future, we >may b ...

Document Size:	5775
Author:	Doug Henwood
Date:	Fri Nov 5 06:59:35 PST 1999

37738 This is the Way the World Ends (RE: Bill Parrish vs. Microsoft (and something about clarinet player'sability to run the world) -- rank: 1000

Nathan Newman wrote: > > -----Original Message----- > > From: owner-lbo-talk at lists.panix.com > > [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Jim Westrich > > > > http://www.billparish.com/msftfraudfacts.html > > > >Apparently Bill Parrish does not like Microsoft and > > seems to have recently discovered the realities of modern corporate > > accounting. > >The abuse of stock options and their non-reporting in finan ...

Document Size:	6279
Author:	Doug Henwood
Date:	Thu Nov 4 16:07:39 PST 1999

37739 Double Bubble Trouble -- rank: 1000

Dennis R Redmond wrote: >This isn't likely to slow down >the EU much, since EU inflation plus real growth is around 4.5% (meaning, >monetary policy is fairly easy), but things could get very, *very* ugly on >Wall Street over the next few weeks. The Washington Post's John Berry, a regular recipient of leaks from Greenspan, had a piece in today's paper <http://www.washingtonpost.com/wp-srv/business/feed/a20281-1999nov4.ht m> saying that the Fed is unlikely to raise rates for the ...

Document Size:	5213
Author:	Doug Henwood
Date:	Thu Nov 4 17:22:17 PST 1999

37740 Retrofitting "Henwood before Butler" (was Re: Force & Truth...) -- rank: 1000

Catherine Driscoll wrote: >I don't like this use of 'postmodernism', I don't either, which is why I put it in quotes. ASCII can't handle an erasure font. > >I think Jameson is wrong in his essay on culture & finance capital > >when he takes the apparent immateriality of finance capital at face > >value; I'm not sure what the implications are for the cultural side > >of his analysis, but I would emphasize that behind the apparent > >immateriality of fin K ...

Document Size:	5718
Author:	Doug Henwood
Date:	Thu Nov 4 16:29:14 PST 1999