Search LBO-Talk Archives

37876 US stock market & balance of payments -- rank: 1000

Henry C.K. Liu wrote: >With an US annual trade deficit falling around $250 billion, only half of >the $1 >trillion deterioration is caused by trade. The other half is domestic >consumption on credit. Yup, exactly - especially if you include buying stocks a form of consumption here! Doug

Document Size:	4885
Author:	Doug Henwood
Date:	Mon May 24 17:54:13 PDT 1999

37877 Zizek speaks -- rank: 1000

Slavoj Zizek will read from his new Verso book, The Ticklish Subject: The Absent Centre of Political Ontology, at Posman Books, 1 University Pl, New York (just north of Washington Sq Park), Thursday, May 27, 7 PM. Doug

Document Size:	4488
Author:	Doug Henwood
Date:	Mon May 24 17:21:26 PDT 1999

37878 US stock market & balance of payments -- rank: 1000

Barbara Laurence wrote: >Any Henwoodians out there with data on the importance of foreign money in >the US stock market today? It seems that relatively low US interest rates >and inflation are the result of a strong dollar and an important cause of >the growth of stock mkt prices hence US GDP growth. And that US GDP growth, >with a strong dollar, increases balance of payments on current account >deficit. Foreign money inflows seem to keep the dollar relatively strong. >But g ...

Document Size:	8743
Author:	Doug Henwood
Date:	Mon May 24 17:18:16 PDT 1999

37879 Fwd: Re: wicked projects -- rank: 1000

From: "Cronbach, Nicholas" <Nicholas.Cronbach2 at westgroup.com> To: "'dhenwood at panix.com'" <dhenwood at panix.com> Subject: Re: wicked projects Date: Mon, 24 May 1999 15:23:27 -0500 MIME-Version: 1.0 (Doug, could you please send this to lbo-talk? I'm having problems with my mailbox.) Kelley: >the relentless critique crowd >never seems to have anything else to offer, accept some vague claim that >it'll be all better once we get rid of capitalism. E.P. ...

Document Size:	8440
Author:	Doug Henwood
Date:	Mon May 24 15:31:59 PDT 1999

37880 indulgent central banks -- rank: 1000

I just subscribed to Briefing.com, and poking around their global interest rate pages I ran across a table of policy changes by the world's major central banks, with easings highlighed in green - and tightenings in red, I assume, but there were none. Anyway, there have been 41 easing actions over the last year. They're trying hard! Doug

Document Size:	4707
Author:	Doug Henwood
Date:	Mon May 24 15:18:53 PDT 1999

37881 Havel: NATO doing God's work -- rank: 1000

Havel has a piece in the New York Review of Books arguing that the nation-state must yield to internationally enforced human rights claims (rights that come from God, of course), and NATO is that instrument in Yugoslavia. It's the most cynical piece of antistatism in the service of imperial power I've ever seen. You can get it on the NYRB website, broken into 8 parts <http://www.nybooks.com/nyrev/WWWfeatdisplay.cgi?19990610004F> or in one part on the LBO website <http://www.panix.com/~d ...

Document Size:	7722
Author:	Doug Henwood
Date:	Mon May 24 12:45:48 PDT 1999

37882 The Labor Party -- rank: 1000

Tom Lehman wrote: >Is the Labor Party planning on running any candidates? Anywhere for >anything? No, not yet, though dissidents are yearning to. Mazzocchi is adamantly against the idea. Doug

Document Size:	4515
Author:	Doug Henwood
Date:	Mon May 24 12:10:48 PDT 1999

37883 Arbour on Nato War Crimes -- rank: 1000

Isn't targeting civilian electricity and water supplies a war crime? Doug

Document Size:	4452
Author:	Doug Henwood
Date:	Mon May 24 11:56:23 PDT 1999

37884 wicked projects -- rank: 1000

Margaret wrote: >Perhaps the place to begin is with a practical, leftist >vision of how things might be? You seem to think that that's straightforward, almost self-evident. It's not. Lots of very smart and dedicated people have spent their lives trying to figure it out, and how to do something about it. We're going up against very formidable institutionalized power, power that works in some large part because it's programmed into our heads. Practical types like to make fun of theorists, an ...

Document Size:	4959
Author:	Doug Henwood
Date:	Mon May 24 09:43:48 PDT 1999

37885 wicked projects -- rank: 1000

rc-am wrote: >very few people in Australia have read the Australian constitution, much less >take it seriously. there are downsides to this, of course. but the reason >it's not taught in schools, fawned over in speeches, regarded as constitutive >of 'the Australian people', is that it's actually a sub-section of a statute >of the British parliament. how distressing this has been for Australian >patriots. And do Australian (republican) patriots dream of writing their own Con ...

Document Size:	4932
Author:	Doug Henwood
Date:	Mon May 24 09:32:20 PDT 1999

37886 Sullivan in Nigeria -- rank: 1000

[From the fellow who tried to divert the anti-apartheid divestment movement with his "principles".... self-help for oil-ravaged Nigerians, with the help of those neighborly folks at Chevron.] <http://www.enn.com/news/enn-stories/1999/05/052499/chevron_in_nigeria_3345.asp> Environmental News Network - May 21, 1999 CHEVRON COMMITS $5 MILLION TO NIGERIA Winner of the Presidential Medal of Freedom and author of the Global Sullivan Principles, the Reverend Leon Sullivan is a Philadel ...

Document Size:	8848
Author:	Doug Henwood
Date:	Mon May 24 09:27:49 PDT 1999

37887 Fwd: <nettime> Environmental impact of the war in Yugoslavia -- rank: 1000

[from nettime] The environment in the Balkan region may seem to be of 'secondary' importance in a time of so much immediate human tragedy. We should however realise that the environmental damage caused by the Kosovo war could continue to cause human suffering in the region far beyond the immediate armed confict. This is of course not an exclusive 'feature' of this particular war, but a consequence of every major modern armed conflict. The following short report on the environmental impact of the ...

Document Size:	19635
Author:	Doug Henwood
Date:	Mon May 24 09:16:20 PDT 1999

37888 wicked projects -- rank: 1000

kelley wrote: >why do you approve of the working class CS model? and why so you say we >lack this as an options? I'm all for the idea of autonomous working class political and cultural institutions - real democratic unions, schools, presses, TV stations, whatever. The main reason it's not a live option in the U.S. right now is that everything seems so fucking grim, you know? Where do you even begin? Doug

Document Size:	4727
Author:	Doug Henwood
Date:	Mon May 24 09:02:39 PDT 1999

37889 wicked projects -- rank: 1000

Kelly wrote: >the relentless critique crowd >never seems to have anything else to offer, accept some vague claim that >it'll be all better once we get rid of capitalism. You're the one blaming "capitalism" for our political torpor, not me. You could easily criticize me for being timid, bourgeois even, for paying so much attention to legal structures. Margaret wrote: >Perfection-or-nothing positions may warm the cockles >(and mussels) of our self-satisfaction, but they do ...

Document Size:	5607
Author:	Doug Henwood
Date:	Sun May 23 20:19:29 PDT 1999

37890 busted for feeding poor -- rank: 1000

<http://www.sacbee.com/news/news/local07_19990523.html> Sacramento Bee - May 23, 1999 COUPLE CITED FOR GIVING OUT FOOD: CITY SAYS THEY NEED PERMIT By Marcos Bretón Bee Staff Writer Four years ago, at the suggestion of their children, Frank and Monica Victorio began feeding homeless and needy people on their block, a working-class neighborhood on 32nd Avenue off Franklin Boulevard. "We wanted to feed our neighbors, because there is a lot of need here," said Frank Victorio, a 48-ye ...

Document Size:	8133
Author:	Doug Henwood
Date:	Sun May 23 19:15:18 PDT 1999