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38386 why capital . . . -- rank: 1000

Dennis R Redmond wrote: >The EU banking system is the mightiest and best-managed on the >planet Is that why they've lost so many euros in Asia and Russia? Doug

Document Size:	4508
Author:	Doug Henwood
Date:	Mon Mar 8 14:42:47 PST 1999

38387 teaching social inequality / income -- rank: 1000

digloria at mindspring.com wrote: >Thought I would direct everyone to an article given to me by our >economist from the September-October 1996 issue of Challenge magazine >by Timothy Smeeding on America's Income Inequality: Where do we stand >which shows that of twenty five industrial nations, the US has the most >unequal distribution of any country except the Soviet Union. It was kind >of a show-stopper in our social problems class this morning. In the issue of The Nation tha ...

Document Size:	6497
Author:	Doug Henwood
Date:	Mon Mar 8 13:50:22 PST 1999

38388 incarceration unsustainable? -- rank: 1000

Fellows, Jeffrey wrote: >Mandatory minimums and three-strikes laws have no immediate effects on >incarceration rates, since the affected individuals are going to prison >anyway. Mandatory minimums insist that someone go to prison who might not have without them, so that directly influences what the statisticians blandly call "admissions." And mandatory minimums and three-strikes laws slow down the rate of release, which also swells the prison pop. I figured, though, that they ...

Document Size:	5110
Author:	Doug Henwood
Date:	Mon Mar 8 13:43:28 PST 1999

38389 Fwd: 1999-03-08 Vice President Calls for Measures to Ease Traffic Congestion -- rank: 1000

[Bold proposals from Al "Practical Idealism" Gore.] >Date: Mon, 8 Mar 1999 14:00 -0500 >From: The White House <Publications-Admin at Pub.Pub.WhiteHouse.Gov> >To: Public-Distribution at Pub.Pub.WhiteHouse.Gov >Subject: 1999-03-08 Vice President Calls for Measures to Ease Traffic >Congestion >Keywords: District-Of-Columbia, Economy, Federalism, Fiscal-Policy, >Government, > Infrastructure, Mid-Atlantic-Region, Report, Staff-Report, > Transportation >Do ...

Document Size:	14435
Author:	Doug Henwood
Date:	Mon Mar 8 12:21:39 PST 1999

38390 Issues in Marxian Theory of Money and Credit -- rank: 1000

rc-am wrote: >of course, credit has its other side, but only if payments are >demanded in full rather than continually rescheduled (as they seem to >be in a global sense), but - a specific question - is this >catastrophic for capital or just a crisis for a particular regime of >capital accumulation? Is what catastrophic? Rescheduling? If rescheduling makes the "unsustainable" sustainable, then it perpetuates the regime of capital accumulation rather than letting the cont ...

Document Size:	5197
Author:	Doug Henwood
Date:	Mon Mar 8 12:11:35 PST 1999

38391 math problem -- rank: 1000

Michael Pollak wrote: >> *Though, as LBO subscribers know, if you count the incarcerated population >> as unemployed - almost 8% of all black adult males - then the unemployment >> rate for black men would rise from the reported 6.7% (in December) to 16.5%. > >I'm so embarrassed to ask this question, because I know it will have a >simple answer and I'll look like a fool. But I can't help it, it's >bugging me. If 6.7% of black men are unemployed, and 8% are in pris ...

Document Size:	5951
Author:	Doug Henwood
Date:	Mon Mar 8 10:13:34 PST 1999

38392 Soros-Rohatyn -- rank: 1000

Carl Remick wrote: >Reading the current LBO's review of the Soros book, I was reminded of >the Soros-equivalent of a bygone era: our current ambassador to France, >Felix Rohatyn. A decade ago and before, Rohatyn was forever inveighing >against the evils of Capital in much -discussed op-eds, etc., while >raking it in as managing director at Lazard Freres and Company. >Rohatyn's best remembered, of course, as chairman of New York City's >Municipal Assistance Corporation 197 ...

Document Size:	5581
Author:	Doug Henwood
Date:	Mon Mar 8 09:43:02 PST 1999

38393 incarceration unsustainable? -- rank: 1000

I'm curious about the claim that incarceration rates are slowing. The latest Bureau of Justice Statistics numbers, which admittedly go only through the end of 1997, show no such slowdown. If there has been a slowdown, it's only happened in the last 14 months. What's the evidence? With mandatory minimums and three strikes laws (two strikes in some states, no?), it's going to take a lot to reverse the jail juggernaut. Our dear Gov Pataki, after having made some noises a few years ago about repeali ...

Document Size:	5046
Author:	Doug Henwood
Date:	Mon Mar 8 09:34:42 PST 1999

38394 Jiang criticizes Soros by name. -- rank: 1000

David Bailey wrote: >I think the reason Marxism has so little *new* to say about finance >capitalism is that Marxists lack strategies for (and often understanding >of) credit creation. Ahem. Doug

Document Size:	4654
Author:	Doug Henwood
Date:	Mon Mar 8 08:22:38 PST 1999

38395 WSJ on Mexican poverty -- rank: 1000

[Interesting as least as much for its place of publication - the front page of the Wall Street Journal - as for the info reported.] WALL STREET JOURNAL March 8, 1999 ------------------------------------------------------------------------ The Outlook MEXICO CITY Mexico is coming off one of its best years in a decade. The economy grew at a rate of 4.8% last year, adding 100,000 new manufacturing jobs. Production of television sets, auto parts and clothing set records. Tourist arrivals are strong, ...

Document Size:	10378
Author:	Doug Henwood
Date:	Mon Mar 8 08:13:46 PST 1999

38396 Less Crime, More Criminals (was Re: Damien) -- rank: 1000

Yoshie Furuhashi quoted, commenting: >...[T]he economy could hardly be better [sic] Short of profound institutional/political changes, this *is* about as good as the U.S. economy can be expected to get. The unemployment rate has been below 5% for 20 consecutive months, the longest such streak since the late 1960s; the lowest black unemployment rate since the current category (black, as opposed to "black and other") was first reported in 1972*; the lowest black poverty rate since fig ...

Document Size:	5497
Author:	Doug Henwood
Date:	Mon Mar 8 08:06:50 PST 1999

38397 polemic -- rank: 1000

Charles Brown wrote: >Ever noticed how e-mail threads that are polemical go more than others ? >Without struggle there is no progress. Contradiction underlies movement. It's debatable whether such longevity is a sign of progress, or just pleasure in the fight. Doug

Document Size:	4508
Author:	Doug Henwood
Date:	Sun Mar 7 15:25:25 PST 1999

38398 Euro to fall below dollar? -- rank: 1000

Henry C.K. Liu wrote: >In the short term, the dollar will rise for maybe another 2 weeks, but the >rise >will not extend into April. >For the medium term, in the next 12 months, the dollar will fall by perhaps >10%. >For the long term, 3 years, the dollar will be down 20-30%. > >My own money is behind this view and I can be wrong (hope not.) Why do you think this, Henry? Doug

Document Size:	4896
Author:	Doug Henwood
Date:	Sun Mar 7 10:19:54 PST 1999

38399 race & class -- rank: 1000

>From an article in today's New York Times on the "black upper class": <quote> "There are no black Rockefellers, Vanderbilts or Kennedys, families who have sustained great wealth for generations," said Sam Fulwood III, a Los Angeles Times reporter who writes on race relations and is the author of "Waking From the Dream: My Life in the Black Middle Class" (Anchor, 1996). "Members of the Boule, the Links, and Jack and Jill represent such a small piece of ...

Document Size:	5209
Author:	Doug Henwood
Date:	Sun Mar 7 08:19:55 PST 1999

38400 Euro to fall below dollar? -- rank: 1000

Chris Burford wrote: >Are these analyses to be believed? Chris, forecasts from "City analysts" are generally worthless. If they were systematically wrong, they might be useful (just reverse everything they say), but they're not even that good. Forecasts usually reflect market sentiment, which is usually a product of the last 5 trading hours (5 days for the really long-termers). Try to remember the end of December - the euro was going to have a strong debut, no? Doug

Document Size:	4900
Author:	Doug Henwood
Date:	Sun Mar 7 08:01:23 PST 1999