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38566 GDP per worker -- rank: 1000

Seth Ackerman wrote: >Were those figures converted into dollars using PPP's or market exchange >rates? Market, according to the World Bank technique, which uses three-year averages of exchange rates. Doug

Document Size:	4522
Author:	Doug Henwood
Date:	Mon Jun 21 15:16:14 PDT 1999

38567 Fwd: Giuliani Fundraiser 6/23/99 6 PM [Anti-G Strike Force] -- rank: 1000

[Any cops on this list, ignore this.] From: ARTISTpres at aol.com Date: Mon, 21 Jun 1999 14:38:32 EDT Subject: Giuliani Fundraiser 6/23/99 6 PM [Anti-G Strike Force] MIME-Version: 1.0 To: undisclosed-recipients:; Status: O X-Status: The Anti-Giuliani Strike Force announces its first event and invites you to attend. An excellent opportunity to confront, expose and embarrass Mayor Giuliani is at hand. This event has not so far been publicized and is unlikely to be widely known to the media. Due to ...

Document Size:	9233
Author:	Doug Henwood
Date:	Mon Jun 21 15:07:32 PDT 1999

38568 Fwd: THE RED CRITIQUE -- rank: 1000

Those hilarious folks from upstate New York - the Syracuse/Orange crowd - have a new journal coming! Clicking on their <http://redcritique.org> link actually takes you to a geocities website where you're bombarded with those annoying floating ads - how revolutionary! They have their side of their polemic with me and others from the old Spoons Marxism list posted at <http://www.geocities.com/CapitolHill/Lobby/2072/AOVol5-2PanicLeft.html>. Enjoy! Doug >ANNOUNCING THE PUBLICATION OF ...

Document Size:	9781
Author:	Doug Henwood
Date:	Mon Jun 21 14:56:14 PDT 1999

38569 Left and Right converge on Economic Nationalism -- rank: 1000

Henry C.K. Liu wrote: >BTW, your observation about "Buchanan constantly uses "Goldman Sachs" as his >synecdoche for Wall Street," is curious. He mentioned only Bob Rubin who >together >with Greenspan have personified US globalization. He mentions Goldman Sachs in speeches and columns all the time. Just like he asked a crowd of hecklers a year or two ago if they were "from Brandeis." >If you mean to suggest that as >an example of Buchanan racism, i ...

Document Size:	6143
Author:	Doug Henwood
Date:	Mon Jun 21 10:03:39 PDT 1999

38570 "Why Willy Loman lives" -- rank: 1000

Max Sawicky wrote: >Third, to the reporter's credit, he tracked down two indicators that show >rising insecurity in the last few years (lay-off data from Challenger, Gray >& Christmas, up in 1999 versus 1998; an unnamed poll of 500,000 workers >showing job anxiety three times higher in 1998 than in the 1980-81 >recession -- I am a big skeptic of the new economy, but I find this second >piece of evidence very hard to believe, actually). Gallup does an irregular poll on the r ...

Document Size:	5642
Author:	Doug Henwood
Date:	Mon Jun 21 09:50:36 PDT 1999

38571 Making the rich richer -- rank: 1000

Marta Russell wrote: >The LA Times (Sunday) Business section ran a column by James Flanigan >stating that the Congress intends to eliminate the estate tax. Jon Kyl >(R-Ariz) and Bob Kerrey(D-Neb) have proposed a bill to repeal the tax >(now at 37% of inheritances over $650,000). > >Someone interviewed for the article points out that abolishing the tax >would further encourage maldistribution of income and wealth, but >Flanigan argues that the current U.S. tax is too littl ...

Document Size:	5838
Author:	Doug Henwood
Date:	Mon Jun 21 09:33:47 PDT 1999

38572 home computer use down -- rank: 1000

<http://www.arbitron.com/article4.htm> PC Home Ownership Doubles While Home Usage Stagnates Reveals Pathfinder Study Increased home PC access does not result in increased use. NEW YORK, June 21, 1999 - Despite a nearly doubling of home PC access in the last four years, the percentage of the U.S. population who actually use PCs has stagnated according to the latest Pathfinder Study just released from Arbitron NewMedia. According to the study, computers have become as popular as many home ap ...

Document Size:	8138
Author:	Doug Henwood
Date:	Mon Jun 21 09:14:49 PDT 1999

38573 Greenspan's change of heart -- rank: 1000

[A piece by my pal John Liscio from this week's Barron's. John has an uncanny ability to sniff economic trends.] The shift in the zeitgeist at the Fed has been nothing short of dramatic. Back on May 6th, Fed chairman Alan Greenspan brought down the curtain - at least temporarily - on the new economic paradigm he had been more than casually endorsing. At the end of a week that saw nearly every voting member of the Fed's policy-making panel tossing dovish garlands in the air, Greenspan abruptly fl ...

Document Size:	10332
Author:	Doug Henwood
Date:	Mon Jun 21 09:03:01 PDT 1999

38574 laws of capitalism (jim o'connor) -- rank: 1000

Rakesh Bhandari wrote: >Oh...you have alerted us many times to the importance of exports. Whose exports? From Gretchen Morgenson's column in the Sunday New York Times biz section: <quote> EVERYBODY knows that the American consumer has been the high-octane fuel behind the nation's decadelong economic boom. Retail spending, after all, accounts for two-thirds of the output of the United States. But it is becoming increasingly apparent that American shoppers are also fueling the recoveries ...

Document Size:	6060
Author:	Doug Henwood
Date:	Mon Jun 21 08:22:47 PDT 1999

38575 Left and Right converge on Economic Nationalism -- rank: 1000

Henry C.K. Liu wrote: >If we remove the names of the authors, would the statements read differently? >The pertinent question is: are these ideas themselves fascist, or are they >otherwise sensible ideas that are exploited by fascists for political >objectives that the left also opposes. First of all, it's no accident, as the vulgar Marxists used to say, that Buchanan constantly uses "Goldman Sachs" as his synecdoche for Wall Street. Sure, GS is big and important and the for ...

Document Size:	6021
Author:	Doug Henwood
Date:	Mon Jun 21 08:06:48 PDT 1999

38576 De Long on network economy -- rank: 1000

[Hey, Brad - did Murray get this right? and where can we get a copy of the original paper?] Wall Street Journal - June 21, 1999 THE OUTLOOK If Adam Smith were to visit the U.S. at the millennium's end, he would like what he saw. For most of this century, corporate concentration and government intervention inflicted arthritis on the "invisible hand" that Smith said guided selfish individuals in a market economy to achieve greater collective wealth. But today, the invisible hand is more ...

Document Size:	10058
Author:	Doug Henwood
Date:	Mon Jun 21 07:13:48 PDT 1999

38577 ooohhh, scary -- rank: 1000

DANIEL.DAVIES at flemings.com wrote: >Americans are now beginning to consume out of capital gains in earnest. I believe it was you who said recently that you can't have a real bubble without a real estate bubble, and that the U.S. didn't have one of those. The more I hear, the more I disagree. The NYC residential real estate market has been insane for some time now, with 1-br apartments in formerly marginal neighborhoods of Brooklyn now going for $1,700/mo, thanks to young Wall Street thruste ...

Document Size:	11727
Author:	Doug Henwood
Date:	Mon Jun 21 07:10:36 PDT 1999

38578 a central banker's worry -- rank: 1000

>From the speech by Bank for International Settlements president Urban Bäckström at the annual meeting, Basel, June 7 <http://www.bis.org/press/p990607b.htm>: "If many unexpected problems have surfaced over the last few years, many expected problems have failed to materialise. Whether this means the fears were not justified in the first place, or rather that problems have continued to build under the surface, remains to be seen. Perhaps the greatest of the unrealised fears has been ...

Document Size:	5766
Author:	Doug Henwood
Date:	Sun Jun 20 20:31:01 PDT 1999

38579 Y/E -- rank: 1000

Brad De Long wrote: >Their unemployment rate *is* disturbingly high... and I at least am worried >about the long-term consequences--fearing that high unemployment will lead >to too many people whose idea of a good time is to throw Molotov cocktails >through the windows of apartment buildings in which guestworkers live... Would that they threw Molotovs into the windows of central bankers instead! Doug

Document Size:	4646
Author:	Doug Henwood
Date:	Sun Jun 20 20:10:17 PDT 1999

38580 Unemployment 4.2% -- rank: 1000

Seth Ackerman wrote: >That's why I wrote that "changes in unemployment" can be >measured this way. Cross-country comparisons of the level of working-age >non-employment are different. Besides: "non-employment" in the States is >much worse than "non-employment" in Europe. If you mean it's worse to be unemployed in the U.S. than Western Europe, yes. But if you mean the levels of nonemployment in the U.S. are higher, than that's not true. Doug

Document Size:	4851
Author:	Doug Henwood
Date:	Sun Jun 20 08:51:05 PDT 1999