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38296 Post Oskar Scenario -- rank: 1000

Carl Remick wrote: >I don't get this at all. When did opposition to corporate taxation >become a pro-environmental position? So have all those things people have said about the Greens representing a petit bourgeois/upper middle class milieu turned out to be true? Doug

Document Size:	4628
Author:	Doug Henwood
Date:	Tue Mar 16 08:05:26 PST 1999

38297 Dow 10,000 -- rank: 1000

The Dow just crossed 10,000, and quickly fell back below. Truly these are glorious times. Doug

Document Size:	4336
Author:	Doug Henwood
Date:	Tue Mar 16 06:58:23 PST 1999

38298 Irony, or, the Importance of Being Earnest -- rank: 1000

Yoshie Furuhashi wrote: >a Letterman-like jibe against "suburban dorks" But Letterman himself *is* a suburban dork. Are you implying some auto-critique? Doug

Document Size:	4833
Author:	Doug Henwood
Date:	Tue Mar 16 06:43:41 PST 1999

38299 more data -- rank: 1000

It confirms the thesis that the stock market doesn't have a lot to do with financing capital expenditures, that's for sure. It also goes a long way towards explaining the bull market, at least its most recent phase: corporate America is speculating in its own stock on margin. Doug Charles Brown wrote: >Is this a paradox ? Does this confirm theses of _Wallstreet_ ? > > >Charles Brown > >>>> Doug Henwood <dhenwood at panix.com> 03/15/99 05:56PM >>> >Mo ...

Document Size:	5258
Author:	Doug Henwood
Date:	Tue Mar 16 06:32:57 PST 1999

38300 profit rate falling! -- rank: 1000

Apsken at aol.com wrote: >Doug wrote, > ><< Of course, this could just be a cyclical squiggle, and the profit rate (by >these disgracefully bourgeois measures, I admit) will burst to new highs on a >millennial upswing. >> > >Or, alternatively, the 21st century may vindicate Karl Marx's projection of >capitalism's outer limit. Or both events may occur -- first the upswing, then >the crash. What do you predict, Doug? Remember, I'm still heavily influenced by ...

Document Size:	6093
Author:	Doug Henwood
Date:	Tue Mar 16 06:13:33 PST 1999

38301 profit rate falling! -- rank: 1000

More bulletins from the data front.... Profit rates (pretax profits divided by the value of fixed capital, both from the flow of funds accounts) for U.S. nonfinancial corporations, which recovered from their early 1980s lows (3-4%) and risen steadily into the mid-1990s, peaked in 1996 at 8.3%, and have fallen back to 7.5% in 1998. The recovered rate is/was no match for 1950s and early 1960s rates of 10-12%, but a doubling is nothing to be sneezed at. On a chart, the last few years look like the ...

Document Size:	5202
Author:	Doug Henwood
Date:	Mon Mar 15 16:31:46 PST 1999

38302 more data -- rank: 1000

More data updates... In 1998, U.S. nonfinancial firms retired $263 billion in equity (through takeovers & buybacks) and added $343 billion in debt. Since 1982, they've retired $1.1 trillion in equity and added $2.6 trillion in debt. This has been very good for stock prices! Doug

Document Size:	4580
Author:	Doug Henwood
Date:	Mon Mar 15 14:56:28 PST 1999

38303 technology (Re: Horowitz's center) -- rank: 1000

Rakesh Bhandari quoted Mattick Sr: >It remains an >intellectual exercise, which may excite mathematically inclined economists >but is no substitute for economic analysis in which mathematics may serve >for some purposes, as an aid to understanding, but never as a replica of >real economic processes. Keynes, in a letter to Harrod: "But it is of the essence of a model that one does not fill in real values for the variable functions. To do so would make it useless as a model. Fo ...

Document Size:	5107
Author:	Doug Henwood
Date:	Mon Mar 15 14:39:53 PST 1999

38304 expansiveness -- rank: 1000

With the final 1998 GDP and flow of funds numbers in, I've been playing with spreadsheets, and found this: the U.S. has consumed 108% of after-tax income growth since 1991, the highest marginal propensity to consume of any of the last eight expansions. The growth in consumer credit has equaled 27% of the growth in consumption, at the high end of the eight, but not a record. change in nominal --------------------------------- disposable personal consumer financed marginal personal cons ...

Document Size:	5712
Author:	Doug Henwood
Date:	Mon Mar 15 14:30:15 PST 1999

38305 housing shortage -- rank: 1000

[from City Limits magazine's weekly update] CITY LIMITS WEEKLY March 15, 1999 Number 167 Kathleen McGowan, editor. Kim Nauer, executive director. City Limits Weekly is a free news and resource guide for New Yorkers. The fax and e-mail weekly is published every Monday by City Limits magazine. To be added to our distribution list or to subscribe to our magazine ($25/year), e-mail us at CitLim at aol.com, call us at (212) 479-3348, or fax us at (212) 344-6457. ====================================== ...

Document Size:	7705
Author:	Doug Henwood
Date:	Mon Mar 15 13:13:45 PST 1999

38306 Mitch -- rank: 1000

>For Immediate Release 15 March 1999 > >SPECIAL REPORT: HURRICANE MITCH IN NICARAGUA >Environmental Degradation, Deforestation Exacerbated Tragedy > >>From October 25 to November 2, 1998, Central America suffered a full scale >disaster with Hurricane Mitch. Action for Community and Ecology in the >Rainforests of Central America (ACERCA) called for and organized an >environmental justice fact-finding research delegation to the region ...

Document Size:	7105
Author:	Doug Henwood
Date:	Mon Mar 15 12:23:23 PST 1999

38307 technology (Re: Horowitz's center) -- rank: 1000

Rakesh Bhandari wrote: >Now Doug, don't turn student on me here. Why not? You know a lot more of this value literature than I do. Doug

Document Size:	4612
Author:	Doug Henwood
Date:	Mon Mar 15 12:21:24 PST 1999

38308 life in the New Economy -- rank: 1000

Interesting article on working for the groovy Amazon.com: <http://www.seattleweekly.com/features/9828/features-howard.shtml>. Doug

Document Size:	4604
Author:	Doug Henwood
Date:	Mon Mar 15 09:49:54 PST 1999

38309 incarceration -- rank: 1000

Jay Marvin wrote: >Does it say how many people are behind bars due to drugs? Last I had heard it >was something like 63%. Here's the NYT article on the report. It says drug offenses account for 29% of the increase in the incarcerated population. Concerning a thread here a week or two ago, the article quotes estimates that "40 percent of the growth [in prison populations] was attributable to increases in the number of people actually sent to prison per arrest and 60 percent to longer t ...

Document Size:	9592
Author:	Doug Henwood
Date:	Mon Mar 15 09:45:46 PST 1999

38310 technology and other stuff -- rank: 1000

rc-am wrote: >the aim of the captialsit mode of production is >the production of capital. true, there is a circularity, the >appearance of self-referentiality here I once heard that Henry Ford said he wasn't in business to make cars, but to make money, Does anyone know if he really said this, and if so, where? Doug

Document Size:	4785
Author:	Doug Henwood
Date:	Mon Mar 15 09:07:36 PST 1999