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37951 Neo-liberalism -- rank: 1000

Bert Davis wrote: >I am at times puzzled, confused, dismayed and outraged by the uses of the term >Neo-liberalism. >In my youth Liberal Democrats believed in unions, safety nets and progressive >taxation. Conservative Republicans were against unions, safety nets and >wanted >none or regressive taxation. >To label today's corporate drive for world domination as Neo-liberalism is >like >saying that black is white. >Please enlighten me as to the origin, history, meani ...

Document Size:	5222
Author:	Doug Henwood
Date:	Tue May 18 13:11:33 PDT 1999

37952 Where's BB King and Pol Pot? -- rank: 1000

Charles Brown wrote: >And even in the thinking you describe is mixed in a profound ignorance in >today's U.S. population of what a serious danger Hitler was. Charles, I think you're wrong here. Almost everyone in the U.S. hates Hitler, probably even more than Stalin. In fact it's almost too easy to hate Hitler - you can avoid all responsibility for less extreme forms of racism by doing so. Hey, what's a little cop violence or realtor discrimination - at least we don't have death camps! Do ...

Document Size:	4956
Author:	Doug Henwood
Date:	Tue May 18 11:56:06 PDT 1999

37953 Foreign Affairs on KLA -- rank: 1000

J. Barkley Rosser, Jr. wrote: > Actually there were two questions, one specifically >on bombing and one on general support for Clinton's policy. >Both showed slight declines in support and more noticeable >increases in opposition. Note how Gallup acknowledged it introduced a new option - now it's not just are you for or against the bombing, but also how do you feel about a cease fire? Hegemony means selecting the questions, choosing the binaries. Nathan knows the usefulness of t ...

Document Size:	4988
Author:	Doug Henwood
Date:	Tue May 18 11:49:02 PDT 1999

37954 The Bubblemeister panicking? -- rank: 1000

J. Barkley Rosser, Jr. wrote: > I don't know what the current policy is, but the >Fed certainly has intervened in the past at different >points of the yield curve. What comes to my mind is >the famous "twist" policy during the Kennedy administration >when for some period of time the Fed was selling short >term securities to raise short term rates in an effort to >support the dollar against speculative attacks while >buying long term securities to push down ...

Document Size:	6699
Author:	Doug Henwood
Date:	Tue May 18 10:16:43 PDT 1999

37955 Foreign Affairs on KLA -- rank: 1000

J. Barkley Rosser, Jr. wrote: > With regard to public opinion in the US, you are >right that intense opposition is not widespread. But >the tide has clearly begun to turn against the war in that >arena. Although declared support remains above 50%, >it has begun to slip. And opposition has been rising >sharply in the last two weeks from around 30% to around >40%, with most of that coming from the "don't knows." > It may take awhile for the support to dr ...

Document Size:	10372
Author:	Doug Henwood
Date:	Tue May 18 09:55:48 PDT 1999

37956 Rugova Calls for Continuation of NATO airstrikes -- rank: 1000

Nathan Newman wrote: >But those who have argued that the intervention has accomplished nothing for >the Kosovars and that, in the name of the Kosovars, the intervention should >end - well, they might take the desires of Rugova and the whole range of >Kosovar leadership that apparently think the intervention is effective >enough on their behalf that it should not end. How are you convinced that Rugova's latest statements are unforced and "genuine"? Maybe they are, maybe t ...

Document Size:	5250
Author:	Doug Henwood
Date:	Tue May 18 09:27:32 PDT 1999

37957 Saskia Sassen - A NEW GEOGRAPHY OF POWER? -- rank: 1000

Angela, quoting Saskia Sassen: Sassen suffers from Castells Disease - a breathless torrent of assertions supported by not much in the way of evidence. >In my reading, the impact of globalization on state authority or sovereignty >has been significant in creating operational and conceptual openings for >other actors and subjects (See Sassen 1997). At the limit this means that >the state is no longer the only site for sovereignty and the normativity >that comes with it, and further, ...

Document Size:	9295
Author:	Doug Henwood
Date:	Tue May 18 09:11:22 PDT 1999

37958 more Fed chatter -- rank: 1000

[From TheStreet.com. I love it when people predict things less than 24 hours in advance.] MARKET LOOKS FOR TIGHTENING BIAS TO REAFFIRM FED'S CRED By David A. Gaffen Staff Reporter 5/17/99 5:51 PM ET This was supposed to be a no-brainer. Before Friday's Consumer Price Index report, predicting the outcome of tomorrow's Federal Open Market Committee looked easy. There were a few outliers, but the bulk of the market wasn't expecting any action from the committee. Now it's a crapshoot. Many now belie ...

Document Size:	9918
Author:	Doug Henwood
Date:	Mon May 17 21:45:11 PDT 1999

37959 The Bubblemeister panicking? -- rank: 1000

Enrique Diaz-Alvarez wrote: > >http://www.briefing.com/intro/tour/bonds/glossary/ball1.htm > >has a full description of the Fed open market operations. It says that >coupon passes occur about eight times a year. If so, ten coupon passes >in less than a month is a very significant deviation from standard >practice, and absent any other explanation does seem to give off a whiff >of panic. Or am I missing something? If they were panicking, this wouldn't be in Tuesday's Finan ...

Document Size:	8425
Author:	Doug Henwood
Date:	Mon May 17 21:36:00 PDT 1999

37960 richies thrive -- rank: 1000

MERRILL LYNCH SAYS WEALTH OF WORLD'S HIGH NET WORTH INDIVIDUALS (HNWIS) TO Grow More Than 50% by 2003 Wealth of HNWIs Grew by 12% in 1998 Despite Global Financial Turmoil Technology Revolutionising Global Private Banking, Research by Gemini Consulting Indicates HNWIs Will Rely More Than Ever on Financial Advisors to Negotiate Increased Range of Choice LONDON, May 17 /PRNewswire/ -- Merrill Lynch expects the wealth of the world's high net worth individuals ('HNWIs') with financial assets exceedin ...

Document Size:	12692
Author:	Doug Henwood
Date:	Mon May 17 21:05:29 PDT 1999

37961 rich get richer -- rank: 1000

Financial Times - May 17, 1999 WORLD'S RICHEST 6M GET RICHER By George Graham, Banking Editor The world's estimated 6m millionaires have shrugged off the effects of last year's financial turmoil and are getting richer by the day. New research by Merrill Lynch, the investment bank, with Gemini Consulting, a management consultancy, found the wealth held by high net worth individuals with more than $1m of financial assets grew last year by 12 per cent to $21,600bn. The World Wealth Report produced ...

Document Size:	6745
Author:	Doug Henwood
Date:	Mon May 17 16:28:05 PDT 1999

37962 The Bubblemeister panicking? -- rank: 1000

Enrique Diaz-Alvarez wrote: >Sorry, I misspoke. I meant 'physical' in the sense of 'fundamental'. So, >you are saying that such limits have never been tested before? That the >Fed has never been forced before to stop printing money against its will >by more-or-less immediate and unavoidable events brought on by the >printing itself? Interesting. Their most heroic modern intervention was after the 1987 stock market crash. They & their colleagues pumped furiously for weeks. I ca ...

Document Size:	5088
Author:	Doug Henwood
Date:	Mon May 17 16:27:07 PDT 1999

37963 The Bubblemeister panicking? -- rank: 1000

Enrique Diaz-Alvarez wrote: >How often does the Fed normally conduct coupon passes, and for what >amount? Sorry, ain't got those numbers right at hand, but the according to table 1.17 in the April 1999 Federal Reserve Bulletin, the system bought $20 billion U.S. government securities in 1996, $41 billion in 1997, and $28 billion in 1998. As of Jan 31, 1999, the Fed had $525 billion in assets, mostly U.S. Treasury paper. Their major liability is U.S. currency, $480 billion. >In theory, ...

Document Size:	6159
Author:	Doug Henwood
Date:	Mon May 17 15:42:34 PDT 1999

37964 The Bubblemeister panicking? -- rank: 1000

Enrique Diaz-Alvarez wrote: >Interst rates have been rising fairly relentlessly for the last few >weeks. This means that the basic support for the US bubble, the orgy of >borrowing by households and businesses, may be in trouble. > >In response, it appears that the Fed has been making coupon passes >(outright buying of Treasuries, essentially printing of money) at an >unprecedented rate: ten since 4/19, including two today for a total of >$1.6 billion. A couple of questio ...

Document Size:	5900
Author:	Doug Henwood
Date:	Mon May 17 13:58:23 PDT 1999

37965 China should apologize to the US -- rank: 1000

Wojtek Sokolowski wrote: >At 12:22 PM 5/17/99 -0400, Henry C.K. Liu wrote: >>It is views like Safire's and Buckley's that justify Chinese anger. >>And such views are not in the minority in America at this moment. >>If the right wing thinks it's to America's interest to make China an >>enemy, they will success and may not live to regret it, along with the >>rest of us. > > >henry, I think you take these two clowns too seriously. What they say >should ...

Document Size:	5977
Author:	Doug Henwood
Date:	Mon May 17 13:03:30 PDT 1999