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38446 The Presence of Absence -- rank: 1000

pms wrote: >First, the effect of Japan repatriating cash, and being absent from bond >offerings, which I imagine has SOMETHING to do with bonds being trashed. Looks that way, doesn't it? But we won't know for sure for months. Doug

Document Size:	4629
Author:	Doug Henwood
Date:	Tue Mar 2 06:42:24 PST 1999

38447 003944.html -- rank: 1000

pms wrote: >Would these numbers imply a crisis for state and local guvs, if we have a >long, deep bear market? They're potentially on the hook for lots of $. Most private plans have shifted all the risk to the worker. Doug

Document Size:	4428
Author:	Doug Henwood
Date:	Mon Mar 1 18:30:59 PST 1999

38448 cynical slippages and meta-narratives... -- rank: 1000

Michael Pollak wrote: >On Mon, 1 Mar 1999, Doug Henwood wrote: > >> Or, as Horkheimer said, cynicism is the worst kind of conformity. You >> pretend to know better, but play along. > >Do you remember offhand where he said that? Nope, wish I did. Probably The Eclipse of Reason, but not sure. Doug

Document Size:	4866
Author:	Doug Henwood
Date:	Mon Mar 1 15:04:17 PST 1999

38449 Postmodernism -- rank: 1000

DICKENS, EDWIN (973)-408-3024 wrote: >Doug writes: > >>We live in the United States in 1999, an economic and imperial giant >>whose citizens (and residents) are atomized, mediatized, and alienated... > >This is what Discipline and Punish theorizes! And that's *all* you have to say, Tom - you who heard the master lecture in person on two continents? Doug

Document Size:	4816
Author:	Doug Henwood
Date:	Mon Mar 1 14:59:43 PST 1999

38450 why the boom in stock prices, 1995-1998? -- rank: 1000

Barbara Laurence wrote: >Does anyone know or know where to find any study of the importance of US >company stock buybacks, plus the importance of global money fleeing Asia >and "emerging countries" generally, on the rise in stock prices? In the >form, let's say, of a percentage rise in stock prices due to these factors >active on the demand side of the market? I should say, stock buybacks >affect both the demand and supply side, increasing the former and reducing > ...

Document Size:	6642
Author:	Doug Henwood
Date:	Mon Mar 1 14:41:36 PST 1999

38451 Brenner on dollar devaluation -- rank: 1000

Rakesh Bhandari quoted: >the conventional GNP model would attribute 57 percent of the >increase in exports to dollar depreciation and 33 percent to world GNP >growth, while 10 percent would be left unexplained. In contrast, the >investment model would attribute less of the increase to dollar >depreciation (48 percent) and more to world investment demand (54 percent), >leaving less unexplained (-2 percent). 48% is still pretty significant, isn't it? And it's not *that* much less ...

Document Size:	5638
Author:	Doug Henwood
Date:	Mon Mar 1 13:58:39 PST 1999

38452 Genetically Modified (GM) Food -- rank: 1000

Chuck Grimes wrote: >The way out of this quagmire is to destroy the copyright and patent >laws that form the legal foundation for this corporate exploitation. As someone who earns a living of sorts as a writer, I'm not too enthusiastic about junking copyright law. Is there any way to undermine Monsanto without undoing us humble scribblers? Doug

Document Size:	4914
Author:	Doug Henwood
Date:	Mon Mar 1 07:56:56 PST 1999

38453 Bourdieu's birth -- rank: 1000

Catherine Driscoll, did you ever get your answer on Bourdieu's date/place of birth? Hinrich Kuhls - who sometimes lurks here - said it's 1930, Denguin, Béarn (France). Doug

Document Size:	4599
Author:	Doug Henwood
Date:	Mon Mar 1 07:53:06 PST 1999

38454 cynical slippages and meta-narratives... -- rank: 1000

rc-am wrote: >like reagan's wink; or goldblum's grin; or even the spice girl's >campiness, it not only performs a detachment - cynically - from the >narratives and objectives of reaganism or a racist film or a commodity >frenzy which allows those who would otherwise resist the narrative to >say 'well, they don't take it seriously, so if I vote for/enjoy/buy, >then I'm not really getting sucked in, because we're just sharing a >joke'. Or, as Horkheimer said, cynicism is the w ...

Document Size:	5142
Author:	Doug Henwood
Date:	Mon Mar 1 07:40:52 PST 1999

38455 Fed Up -- rank: 1000

Max B. Sawicky wrote: >The main point is that tight labor markets bring a >plethora of benefits and negligible or zero costs. Max, obviously you've never had an experience of how hard it is to find good help these days. So do you think Kalecki was all wet on the politics of full employment? Doug

Document Size:	4604
Author:	Doug Henwood
Date:	Wed Jun 30 12:40:01 PDT 1999

38456 Paying the Federal Debt -- rank: 1000

bill fancher wrote: >The administration wants to pay off the federal debt by 2015. > >This seems like a great idea to me. Why should we be giving > 10% of >Federal revenues each year to wealthy holders of U.S. debt? > >I've heard claims that it would be a bad thing, since it would soak up >money that could otherwise be used for social investment. It strikes me >that this is a short-term (and possibly short-sighted) objection. > >I was floored when I heard the ann ...

Document Size:	7452
Author:	Doug Henwood
Date:	Wed Jun 30 11:37:07 PDT 1999

38457 Fed tightens -- rank: 1000

So the Fed tightened, pushing their fed funds target up a modest quarter point. But they shifted to a neutral bias ("no predilection about near-term policy action"), meaning no leaning towards further tightening before the next FOMC meeting in six weeks. That almost looks like a license to speculate, and the bond and stock markets immediately rallied on the news. If Greenspan was trying to deflate asset prices gently, it sure doesn't look like the right policy to do that. Doug ---- < ...

Document Size:	6077
Author:	Doug Henwood
Date:	Wed Jun 30 11:30:53 PDT 1999

38458 Fwd: 1999-06-28 Spielvogel Named US Ambassador to the Slovak Republic -- rank: 1000

[The adman as ambassador!] Date: Wed, 30 Jun 1999 08:53 -0400 From: The White House <Publications-Admin at Pub.Pub.WhiteHouse.Gov> To: Public-Distribution at Pub.Pub.WhiteHouse.Gov Subject: 1999-06-28 Spielvogel Named US Ambassador to the Slovak Republic Keywords: Eastern-Europe, Executive-Act, Foreign, Government, Mid-Atlantic-Region, New-York, Nomination, Personnel Document-ID: pdi://oma.eop.gov.us/1999/6/30/1.text.1 URL: http://www.pub.whitehouse.gov/uri-res/I2R?urn:pdi://oma.eop.gov.us ...

Document Size:	7151
Author:	Doug Henwood
Date:	Wed Jun 30 09:33:10 PDT 1999

38459 A Square Peg into a Round Hole -- rank: 1000

Carl Remick wrote: >I've followed Prince Charles' opposition to GM food with interest. It's weird to see people using this dim reactionary as an authority figure. Barry Commoner, who made his scientific name by dethroning the fundamental dogma of molecular biology (that, following a model of the cell based on the capitalist factory, influence only went from gene to protein synthesis; Commoner argued instead that the process was very complex, with the cellular environment influencing gene expr ...

Document Size:	5188
Author:	Doug Henwood
Date:	Wed Jun 30 09:29:34 PDT 1999

38460 SA opposes gold sale -- rank: 1000

[from the World Bank's daily development press clipping service] SOUTH AFRICA CRITICIZES PLANNED G7 GOLD SELL-OFF South African Finance Minister Trevor Manuel yesterday criticized a decision by the G7 nations to sell off gold reserves to fund Third World debt relief, reports Agence France-Presse. Manuel said South Africa had supported the idea in principle when the IMF first mooted a more limited sell-off in 1996-of five million ounces-which would not have a major impact on the gold price. How ...

Document Size:	6081
Author:	Doug Henwood
Date:	Wed Jun 30 09:19:45 PDT 1999