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38971 Beyond The Politics of Cancer Alone -- rank: 1000

Paul Henry Rosenberg wrote: >First, "Chemicals Called Main Cause of Parkinson's Disease," which >points up the fact that cancer is not the only disease corporate >polluters are responsible for. Yeah, corps emit the toxins, but ordinary folks like you & me are the ones who use Saran Wrap, drive cars, run the a/c, etc. It's too easy just to blame the corps for the schmutz - it's the way we live our lives. Doug

Document Size:	4954
Author:	Doug Henwood
Date:	Wed Jan 27 12:26:44 PST 1999

38972 Specters of ...}}}}} -- rank: 1000

rc&am wrote: > anyone remember where in 'theories of surplus value' marx talks about >teaching >and whether or not the teacher is a productive labourer? There's a lot along these lines in TSV vol. 1, but in paging through it now I couldn't find anything about the teacher. The teacher is mentioned in the appendix to Capital vol. 1, in a passage very similar to one in TSV, though the TSV version stops just short of the teacher example (i.e., just after the singer example in the excerp ...

Document Size:	14432
Author:	Doug Henwood
Date:	Wed Jan 27 12:25:05 PST 1999

38973 how's this possible? -- rank: 1000

Prashanth Mundkur wrote: >On p.77 of Wall St., it says FIRE profits and salaries, as % of gross >investment, hit 228% in 1932 -- meaning that allocators earned over >twice as much as the investment funds they were allocating. > >How do the allocators get paid? I thought they skimmed off a >slice of the funds they allocated. Fees and interest mainly. Investment collapsed far more than FIRE did. Of course, as I argue throughout the book, FIRE does a lot more than channel savings ...

Document Size:	5307
Author:	Doug Henwood
Date:	Wed Jan 27 09:55:16 PST 1999

38974 Fwd: [PEN-L:2649] BLS Daily Report -- rank: 1000

BLS DAILY REPORT, TUESDAY, JANUARY 26, 1999 __The AFL-CIO, pointing to new statistics from BLS that show membership in unions increased by more than 100,000 in 1998, says the organizing strategy laid out by the federation's leadership more than three years ago is working. At the same time, the Organizing Director noted that the labor movement is not growing enough to keep up with the economy's rate of job growth, which was 2.2 million new jobs created in 1998. According to the BLS statistics, ...

Document Size:	8649
Author:	Doug Henwood
Date:	Wed Jan 27 09:25:23 PST 1999

38975 Fwd: IMF Notification Service: As issued notification -- rank: 1000

My god. Yesterday the IMF was talking capital controls - today it's "human dimensions." Are they going soft? Or is it just their new PR firm? Doug >From: contentservice at imf.org >To: dhenwood at panix.com >Reply-To: contentservice at imf.org >Subject: IMF Notification Service: As issued notification >Date: 27 Jan 1999 09:54:26 -0500 > >New on the IMF Website > > Human Dimensions of the Asian Economic Crisis by Peter S. Heller >http://www.imf.org/externa ...

Document Size:	5794
Author:	Doug Henwood
Date:	Wed Jan 27 09:19:08 PST 1999

38976 Stocks and GDP -- rank: 1000

Roger Odisio wrote: >When you say "what matters is profits", Doug, do you mean for valuation >purposes, i.e., to investors of capital? Yes. >Then shouldn't we be looking at >the profit *rate* on investment, not share, which is just a share of >revenue? I'm talking profits as a percentage of GDP. >Investors maximize rate of return capital advanced, not share of >revenue. And it is profit rates that must be analyzed to understand >economic growth. > >If you ...

Document Size:	8275
Author:	Doug Henwood
Date:	Wed Jan 27 08:46:43 PST 1999

38977 Butler and bad writing -- rank: 1000

rc&am wrote: >anyone have a sure, unalterable grasp on what money is? Heavens no. It's the strangest stuff, isn't it? Gold, the representation of gold, then pure credit money backed by the state, and all those strange and furtive social bonds.... Doug

Document Size:	4634
Author:	Doug Henwood
Date:	Tue Jan 26 19:59:00 PST 1999

38978 IMF on K control -- rank: 1000

[Capital controls to promote investment? The IMF is entering strange territory.] "Can Short-Term Capital Controls Promote Capital Inflows?" BY: TITO CORDELLA International Monetary Fund (IMF) Universitat Pompeu Fabra Document: Available from the SSRN Electronic Paper Collection: http://papers.ssrn.com/paper.taf?abstract_id=139633 Paper ID: IMF Working Paper No. 98/131 Date: September 1998 Contact: TITO CORDELLA Email: Mailto:tcordella at imf.org Postal: International Monetary Fu ...

Document Size:	6115
Author:	Doug Henwood
Date:	Tue Jan 26 18:32:35 PST 1999

38979 Discussion of stock values -- rank: 1000

Tom Lehman wrote: >The S&P 500 Composite Price Index was only created in 1957 and indexed >back to a base period of 1941-1943. There's a comparable Cowles Commission Index that goes back to 1871. Goetzmann's got numbers going back to 1820. Doug

Document Size:	4680
Author:	Doug Henwood
Date:	Tue Jan 26 17:20:22 PST 1999

38980 Castro & Co. on TV -- rank: 1000

ADVISORY/Cuba's Fidel Castro Speaks Out On BET Tonight With Tavis Smiley Castro with Tavis Smiley, host of BET's news-talk show: BET Tonight with Tavis Smiley. GUESTS: Danny Glover, Actor Randall Robinson, Executive Director of TransAfrica Johnnetta B. Cole, Ph.D., Emory University WHAT: Special message from Castro to African Americans Impact of economic embargo on Afro-Cubans - Cuban perspectives on Cuban-American foreign relations WHEN: Thursday, January 28, 1999 11:00 - 12:00 a.m. (ET) 8: ...

Document Size:	5911
Author:	Doug Henwood
Date:	Tue Jan 26 16:34:03 PST 1999

38981 Discussion of stock values -- rank: 1000

Greg Nowell wrote: >I think one of the problems is that Doug is assuming an >"ergodic" relationship between stock prices and GNP >growth (and total returns traditionally include prices >with the assumption of dividends reinvested in the same >stock index, but before taxes and not counting >transaction fees). Doug may roll his eyes. But >really, asset valuation is not necessarily an >inherently logical process. Uh-oh, I detect the influence of Paul Davidson her ...

Document Size:	5555
Author:	Doug Henwood
Date:	Tue Jan 26 15:45:01 PST 1999

38982 GDP and Stocks -- rank: 1000

Michael Brun wrote: >Do you mean US profit share of US GDP or of world profit share of "Gross >World Product"? The first. >Or in general, whose profits as a share of what? As long >as money from outside the US is invested in US stock markets, it seems to >me it's not just US profits and US GDP that counts. Consider, by way of >example, a highly profitable Singapore firm deciding to "park" a certain >proportion of its earnings in a portfolio made entirel ...

Document Size:	5850
Author:	Doug Henwood
Date:	Tue Jan 26 15:27:00 PST 1999

38983 Kalecki cite request -- rank: 1000

Marta Russell wrote: >As pointed on on this list in an earlier post, Kalecki's theory is that >labor must be kept weak to preserve profits and the class dictatorship >of capital. >Could one of you economists (or learned souls) point me to a cite for >this, I'd like to use it. I've scanned the text of this classic article; I'll forward it to anyone who emails me (offlist, please). Doug

Document Size:	4797
Author:	Doug Henwood
Date:	Tue Jan 26 14:08:37 PST 1999

38984 organizing McDonald's -- rank: 1000

As promised, Liza Featherstone's fine article on efforts to organize McDonald's workers into unions is now up on the LBO website <http://www.panix.com/~dhenwood/McDonalds.html>. Doug -- Doug Henwood Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax email: <mailto:dhenwood at panix.com> web: <http://www.panix.com/~dhenwood/LBO_home.html>

Document Size:	4905
Author:	Doug Henwood
Date:	Tue Jan 26 13:50:23 PST 1999

38985 Well, now Doug... -- rank: 1000

Rosser Jr, John Barkley wrote: > This emphasis on the 30-year time horizon is very >misleading and selective. Thirty years is a long time, too >long for a lot of people alive today, including many who >are not so old and may not realize it. Barkley, the 30-year period is meant to simulate something like an average worker's life as a saver. I'm assuming that very few people start saving in their 20s - standard life-cycle consumption stuff. You know, you borrow a lot to set up hou ...

Document Size:	5261
Author:	Doug Henwood
Date:	Tue Jan 26 13:49:03 PST 1999