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39316 Clintonism, Monicagate and the budget -- rank: 1000

curtiss_leung at ibi.com wrote: > Exactly how would a debt paydown slow/shrink growth? Because it's fiscally contractionary, sucking up purchasing power - if you believe in Keynesianism - making growth slower that it would otherwise be. Keynes has a passage in the Treatise fantasizing about a lovely paradise that's spoiled by a thrift program. Doug

Document Size:	4889
Author:	Doug Henwood
Date:	Tue Feb 9 15:30:03 PST 1999

39317 chasing amy -- rank: 1000

Frances Bolton wrote: >NJ is hip. Right, Doug? Max? No, NJ isn't hip. It's one big suburb with some poor decayed cities mixed in. What is hip about it? Doug

Document Size:	4425
Author:	Doug Henwood
Date:	Tue Feb 9 15:27:09 PST 1999

39318 [Fwd: [BRC-ALL] CBS Evening News Attacks Us] -- rank: 1000

Marta Russell wrote: >It probably is more connected to keeping wages low and unions under >control. If workfare workers and prison labor are subsidized by the >government, they do the work for less than the "regular" worker (in some >cases threaten their jobs) and in turn this drives the wages down and >preserves social control, does it not? There's a fiscal angle too. In NYC, where we have around 100,000 people doing workfare, they've replaced unionized parks and sanit ...

Document Size:	5316
Author:	Doug Henwood
Date:	Tue Feb 9 15:13:39 PST 1999

39319 Clintonism, Monicagate and the budget -- rank: 1000

Brad De Long wrote: >How likely is it that we will get ourselves into a Japan-type situation? >*If* we manage to avoid a Japan-type situation, then the risk to growth is >small... Good thing the U.S. economy doesn't resemble a bubble in any way! Otherwise, the Japan scenario might be a threat. Doug

Document Size:	4846
Author:	Doug Henwood
Date:	Tue Feb 9 11:48:52 PST 1999

39320 Clintonism, Monicagate and the budget -- rank: 1000

Brad De Long wrote: >That's not the choice we have: our Speaker is not named Gephardt. Our >choice this year and next year is between tax cuts for the rich and debt >paydowns. How much risk to growth is there in a debt paydown? Do you think it could lead to stagnation or even a severe recession? Or will the U.S. be the Ireland of the 21st century, booming under a regime of fiscal austerity? Doug

Document Size:	4945
Author:	Doug Henwood
Date:	Tue Feb 9 10:33:24 PST 1999

39321 Clintonism, Monicagate and the budget -- rank: 1000

Picciotto, Sol wrote: > OK, what is Clinton's justification for this? Our >Blair government also shackled itself by its pre-election pledge which not >only >promised to tax increase (which could have been interpreted to mean no basic >income tax rate hike), but also a 2-year standstill on existing departmental >budgets. The Blairites claim that this was essential to make Labour electable, >as the taint of tax-and-spend was supposed to have torpedoed Kinnock in 1992. >Is t ...

Document Size:	6347
Author:	Doug Henwood
Date:	Tue Feb 9 08:51:40 PST 1999

39322 Hitchens' self-defense -- rank: 1000

Hitchypoo defends self in WashPost: <http://www.washingtonpost.com/wp-srv/WPlate/1999-02/09/022l-020999-idx.html>. A choice excerpt: "So, for the moment, I am putting myself under the protection of America's love of the ironic." How dare he take the name of irony in vain! Doug

Document Size:	4757
Author:	Doug Henwood
Date:	Tue Feb 9 08:21:52 PST 1999

39323 Fwd: [PEN-L:3070] BLS Daily Report -- rank: 1000

BLS DAILY REPORT, MONDAY, FEBRUARY 8, 1999 __The nation's economy kept humming along in January, adding 245,000 new jobs, seasonally adjusted, while the unemployment rate remained unchanged from December at 4.3 percent, according to a report from BLS. January's nonfarm payroll increase was on a par with the average job gains posted over the last 12 months, and the unemployment rate has remained in the 4.3 to 4.5 percent range since April 1998. Average hourly earnings of private sector producti ...

Document Size:	8900
Author:	Doug Henwood
Date:	Tue Feb 9 08:14:52 PST 1999

39324 MBAs v felons -- rank: 1000

Chronicle of Higher Education - web daily - Tuesday, February 9, 1999 Study Finds a Striking Similarity in Ethics of Inmates and MBA Students By KATHERINE S. MANGAN Companies looking for ethical employees might be better off interviewing in the local prison than the local business school, a new study concludes. It's not that M.B.A. students are sleazy -- it's just that convicted felons who are enrolled in college programs are more upstanding than one might expect, the authors found. Two marketin ...

Document Size:	6196
Author:	Doug Henwood
Date:	Tue Feb 9 08:10:40 PST 1999

39325 US FDI -- rank: 1000

[From today's Financial Times. The full report is at <http://www.dc.com/research/publications/trends.pdf>.] FINANCIAL TIMES - February 9 1999 US: Investors head for Europe By Shilpa Mohan in Washington Defying conventional economic wisdom, US manufacturers last year allocated 65 per cent of their foreign direct investment (FDI) to high-wage and mature labour markets in preference to low-wage developing countries. The finding, released in a research report by Deloitte Consulting, the intern ...

Document Size:	6542
Author:	Doug Henwood
Date:	Tue Feb 9 07:10:26 PST 1999

39326 progress in economics -- rank: 1000

[Clinical evidence indeed.] "The Stock Price Reaction to the Challenger Crash: Information Disclosure in an Efficient Market" BY: MICHAEL T. MALONEY Clemson University HAROLD MULHERIN Pennsylvania State University Document: Available from the SSRN Electronic Paper Collection: http://papers.ssrn.com/paper.taf?abstract_id=141971 Other Electronic Document Delivery: http://www.clemson.edu/~maloney/901/Challenger Crash.pdf SSRN only offers technical support for papers downloaded from the ...

Document Size:	6828
Author:	Doug Henwood
Date:	Mon Feb 8 18:47:24 PST 1999

39327 Mindspring censorship; abortion -- rank: 1000

Carl Remick wrote: >I've said this before, and I'll say it again -- what surprises me about >PR isn't how subtle or sophistical it is but how obvious the lies are. But Carl, people who don't spend money just for the hell of it - bigtime pig capitalists - spend money on PR. Surely they get something for it. What? Doug

Document Size:	4783
Author:	Doug Henwood
Date:	Mon Feb 8 17:52:01 PST 1999

39328 Poor, Helpless, Weak Japan -- rank: 1000

pms wrote: >Hey. Could a whole country run as a non-profit? Is that sort of what >Japan was doing in the '80's? If you have a lot of assets, maintain a good >life-style, and replace assets consumed, could you keep that going? Not as long as capitalists are running a country. Doug

Document Size:	4713
Author:	Doug Henwood
Date:	Mon Feb 8 17:49:09 PST 1999

39329 Mindspring censorship; abortion -- rank: 1000

Yoshie Furuhashi wrote: >Are corporations not 'dogmatic' about their need for a bigger profit >margin, a better return on investment, a business 'environment' freer from >unions and regulations to protect workers and the environment, and so on? Of course, but they're immensely clever about wrapping their goals in alluring disguise: profit maximization get repositioned as serving the customer, a lifetime of working to enrich the boss and the stockholders (if you're lucky enough to have a ...

Document Size:	5442
Author:	Doug Henwood
Date:	Mon Feb 8 14:07:43 PST 1999

39330 Mindspring censorship; abortion -- rank: 1000

Charles Brown wrote: >Millions are listening to the bourgeois ideologists who are as or more >dogmatic and rigid than Marxists, so I'm not sure it's dogmatism and >rigidity that stops millions from listening. There's a lot of fake >openmindedness and "democracy" in bourgeois culture, but really it is >extremely dogmatic and rigid, tight mind control. That it is. I'm thinking exactly this as I'm forcing my way through George Soros' tome to review it for LBO. Soros goes on ...

Document Size:	5616
Author:	Doug Henwood
Date:	Mon Feb 8 13:53:30 PST 1999