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38281 Farewell to Oskar -- rank: 1000

Brad De Long wrote: >For six years, now, U.S. policymakers like >Lawrence Summers have been lecturing European finance ministers and central >bankers on the desirability of demand expansion in Europe--and Oskar >Lafontaine is one of the few European politicians who openly agrees with >the U.S. There's an article in the spring Science & Society - the Frances Bolton issue - by Roger Burbach and William Robinson arguing that nation-states are passe and a global ruling class is fo ...

Document Size:	5072
Author:	Doug Henwood
Date:	Wed Mar 17 14:56:11 PST 1999

38282 market power -- rank: 1000

Tom Lehman wrote: >Are you going to let us in on the number of inquiries you get after the Nation >published your email address in the new issue.(3/29/99). About 5 so far. Doug

Document Size:	4498
Author:	Doug Henwood
Date:	Wed Mar 17 10:33:58 PST 1999

38283 market power -- rank: 1000

Mention of Elliott Currie's Crime & Punishment in America here the other day seems to have pushed it frin 100,561 on the Amazon.com bestseller list to 82,049. Doug

Document Size:	4433
Author:	Doug Henwood
Date:	Wed Mar 17 10:02:54 PST 1999

38284 School vouchers -- rank: 1000

Max Sawicky wrote: >I agree with you that more centralized revenue systems at the >state level would be helpful, though there is a difficult >governance/efficiency side of the issue which is usually >discounted on the left. Are you implying that thousands of local school boards and administrations are more efficient? Isn't there massive duplication of administrative effort? Last I looked, U.S. employment in government approached that of European countries with much higher levels of p ...

Document Size:	4983
Author:	Doug Henwood
Date:	Wed Mar 17 09:32:30 PST 1999

38285 school choice -- rank: 1000

david dorkin wrote: >Could someone explain to me just how,when and why Bowles and Gintis >started writing this garbage? People who know them better can answer the when, but I got into a flame war with Gintis a few years ago when he argued that advertising doesn't affect media content, and that the big media are just giving people what they want. The natural beauty of the market, you know. He also says his job as an economist should be more like a plumber's than an architecht's. Bowles seem ...

Document Size:	5073
Author:	Doug Henwood
Date:	Wed Mar 17 09:13:49 PST 1999

38286 Dow 36,000! -- rank: 1000

[If the risk premium for stockholding were to go to 0, then the return on stocks should approach that of a riskless asset like a Treasury bill, or 4.5%, rather than the historical 7-10% and the recent 20-25%. But let's not split hairs...] Wall Street Journal - March 17, 1999 Stock Prices Are Still Far Too Low By James K. Glassman and Kevin A. Hassett. Mr. Glassman is a fellow and Mr. Hassett a resident scholar at the American Enterprise Institute. Almost exactly a year ago, with the Dow Jones In ...

Document Size:	12425
Author:	Doug Henwood
Date:	Wed Mar 17 08:55:22 PST 1999

38287 Doug said it first. -- rank: 1000

Enrique Diaz-Alvarez wrote: >The stock market is a great place to buy a share of a corporation's >profits, but if you want your savings to go directly into productive >investments instead of straight into another investor's pocket, buy >a corporate bond. Hmm, not exactly - it's more likely to fund a takeover or a buyback. If you really want to channel your savings into productive investments, make a bank deposit. Unglamorous, but without old-fashioned working capital loans, the econo ...

Document Size:	4912
Author:	Doug Henwood
Date:	Wed Mar 17 08:24:25 PST 1999

38288 credit discrimination -- rank: 1000

"Discrimination in the Small Business Credit Market" BY: DAVID G. BLANCHFLOWER Dartmouth College National Bureau of Economic Research (NBER) PHILLIP B. LEVINE Wellesley College DAVID J. ZIMMERMAN Williams College Paper ID: NBER Working Paper No. 6840 Date: December 1998 Contact: DAVID G. BLANCHFLOWER Email: Mailto:blanchflower at dartmouth.edu Postal: Dartmouth College 6106 Rockefeller Hall Hanover, NH 03755 USA Phone: (603)646-2536 Fax: (603)646-2122 Co-Auth: PHILLIP B. LEVI ...

Document Size:	7806
Author:	Doug Henwood
Date:	Tue Mar 16 18:28:36 PST 1999

38289 Internet fund out of shares -- rank: 1000

[TheStreet.com - 03/16/99 03:38 PM ET] By Alison Moore Senior Writer The Internet fund's cupboard is bare. The wildly popular mutual fund has temporarily shut its doors to investors because it has run out of shares to sell "due to a prospectus limitation," according to a recording callers get when dialing the fund's 800 information line. The fund's advisers will ask shareholders March 29 to approve an increase, to 50 million from 10 million, in the number of shares the fund can issue, ...

Document Size:	7398
Author:	Doug Henwood
Date:	Tue Mar 16 17:34:15 PST 1999

38290 School vouchers -- rank: 1000

Seth Gordon wrote: >perl -le"for(@w=(q[dm='r 0rJaa,u0cksthe';dc=967150;dz=~s/d/substrdm,\ >(di+=dc%2?4:1)%=16,1ordi-2?'no':'Perl h'/e whiledc>>=1;printdz]))\ >{s/d/chr(36)/eg;eval;}#In Windows type this all on 1 line w/o '\'s" What in god's name does all that mean? Doug

Document Size:	4625
Author:	Doug Henwood
Date:	Tue Mar 16 13:52:50 PST 1999

38291 Bolton review -- rank: 1000

[Frances Bolton's review from the Spring 1999 Science & Society] Lifelines: Biology Beyond Determinism, by Steven Rose. New York: Oxford University Press, 1998. $30.00. Pp. xv, 335. Offering both a critique of reductionist ideological biologies and an alternative model that respects the complexity and freedom of organisms, Steven Rose's fine new book makes an important contribution to debates about biological determinism. Since Darwin first put forth his theory of natural selection, evolutio ...

Document Size:	10271
Author:	Doug Henwood
Date:	Tue Mar 16 13:47:18 PST 1999

38292 more data -- rank: 1000

Roger Odisio wrote: >Small question, Doug. Isn't "free cash flow" profits plus depreciation >minus capital expenditures, since cash flow is profits+depreciation? >Depreciation is merely a book calculation and capital expenditures come out >of cash flow, not just profits. Some part of the capital expenditures may >be replacement and some may be capacity expansion. Don't mean to be picky >if you were just using shorthand. You're right; I was just using shorthand. The ...

Document Size:	5418
Author:	Doug Henwood
Date:	Tue Mar 16 10:18:31 PST 1999

38293 private property - was Re: technology and other stuff -- rank: 1000

rc-am wrote: >now, clearly marx regards this as important from the perspective of a >transitional phase, of preparing the ground for the abolition of >capitalism as such. I am not so sure of this. however, marx does see >this as something which falls outside the definition of capitalism as >the reign of private property. that he regards this as a >"self-dissolving contradiction" would be to continue to define >capitalism as the reign of private property, such th ...

Document Size:	6755
Author:	Doug Henwood
Date:	Tue Mar 16 09:49:58 PST 1999

38294 more data -- rank: 1000

Jordan Hayes wrote: >And of course it's not just to boost the stock; it's often required to >cover options you've given your employees. Microsoft and Intel are two >prime examples of companies whose dealings in their own stock dominate >the market, especially in the options markets. > >By the way, this shrinkage in publically traded stock is my biggest >technical indicator for medium-term directionality of the market: up. It's one thing when you've got lots of "free ca ...

Document Size:	5094
Author:	Doug Henwood
Date:	Tue Mar 16 09:25:09 PST 1999

38295 more data -- rank: 1000

Charles Brown wrote: >So, by buying up a lot of their own stock, they cause the stock prices to >go up ? Does the debt impact the stock market prices too ? Is the debt in >the form of bonds ? Bonds first (accounting for bit over a third of the increase in debt since 1994), banks next. >Do banks benefit the most from more debt ? When the junk bond market collapsed in 1989, banks picked up a lot of the business. Firms generally prefer bonds because once creditors buy your paper they le ...

Document Size:	7005
Author:	Doug Henwood
Date:	Tue Mar 16 08:21:16 PST 1999