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39721 hotmail's hacked -- rank: 1000

[from nettime - it's true!] Date: Mon, 30 Aug 1999 15:21:30 +0200 From: francis <francis at hgb-leipzig.de> [it really works.] http://www.2038.com/hotmail/ webinterface - just insert a valid hotmail-username and you'll see his/her data francis # distributed via <nettime>: no commercial use without permission # <nettime> is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: majordomo at bbs.thing.net and ...

Document Size:	5255
Author:	Doug Henwood
Date:	Mon Aug 30 06:55:54 PDT 1999

39722 software & investment -- rank: 1000

Well it turns out the revisions of U.S. GDP to be published in October will include software as business investment (which does appear in GDP) and not an intermediate cost (which doesn't). This will have the effect of adding about 1.5 percentage points to GDP. They estimate the useful life of software at 3-5 years, which is how it will be depreciated. This, and other revisions, are explained in an article in the August issue of the Survey of Current Business <http://www.bea.doc.gov/bea/an1.ht ...

Document Size:	4912
Author:	Doug Henwood
Date:	Sun Aug 29 11:10:56 PDT 1999

39723 Waco and the Lesser of Two Evils -- rank: 1000

Thomas Waters wrote: >At 03:44 PM 8/28/99 -0400, Doug wrote: > > >When I saw Kovel last weekend at URPE summer camp, he said he's wants > >to get away from the concept of use value, which is too much like > >using-up, and replace it with the concept of usufruct. > >I think this is a mistake. If use-values were not *consumed* in order to >satisfy needs, their circulation could never have given rise to value. He's not talking about capitalism, he's talking about a ...

Document Size:	5164
Author:	Doug Henwood
Date:	Sun Aug 29 09:52:39 PDT 1999

39724 software as capital -- rank: 1000

Rakesh Bhandari wrote: >Castells argues that the slowdown of productivity has been concentrated in >the so called service sector. Then he notes > >*the difficulty of measuring productivity in so called services. According >tohe BLS productivity in banking has only improved by 2% a year. This seems >to be a fantastic underestimate. Seems, I know not seems! I love this argument, which I've heard from the likes of Juliet Schor as well as Castells & Kudlow. How do they know? Th ...

Document Size:	5648
Author:	Doug Henwood
Date:	Sun Aug 29 09:47:25 PDT 1999

39725 immigration & monetary policy -- rank: 1000

Barron's - August 30, 1999 WITH A DWINDLING LABOR SUPPLY IN THE U.S., ARGUMENTS ABOUND FOR EASING IMMIGRATION RULES By William Pesek Jr. Give me your tired, your poor, your ... unemployed. You won't find these exact words carved on the base of the Statue of Liberty, but they represent an idea for which economists, including Alan Greenspan, increasingly have endorsed. It's a concept that may just help keep alive this New Economy of ours. As we're all well aware, the New World is simply running ou ...

Document Size:	14370
Author:	Doug Henwood
Date:	Sun Aug 29 07:00:34 PDT 1999

39726 computer productivity -- rank: 1000

The Brynjolfsson/Yang paper "The Intangible Costs and Benefits of Computer Investments: Evidence from the Financial Markets" is at <http://ccs.mit.edu/erik/itq/> [HTML version] and <http://ccs.mit.edu/erik/itq.pdf> [Acrobat version]. Doug

Document Size:	4725
Author:	Doug Henwood
Date:	Sat Aug 28 16:20:28 PDT 1999

39727 Fwd: MT: The Journal of Ayn Rand Studies -- rank: 1000

Yoshie Furuhashi wrote: >On Lou's marxism list, I read James Farmelant's (or was it someone else's?) >deft explanation and critique of Sciabarra. He might do the same here. Sciabarra did his diss under Bertell Ollman, who thinks very highly of him, even if they don't see eye to eye. Doug

Document Size:	4874
Author:	Doug Henwood
Date:	Sat Aug 28 15:25:55 PDT 1999

39728 Fwd: Message Blocked - Content Block Failure. -- rank: 1000

[Get this censorship nonsense! The blocked digest included posts on Darwin, religion, and blasphemy. I can't find any conventional obscenities in there, but the word joke appears there a couple of times, once prefacing an actual joke.] X-From_: LONDON.MIMESWEEPER at flemings.com Sat Aug 28 17:17:22 1999 From: LONDON.MIMESWEEPER at flemings.com X-Lotus-FromDomain: FLEMINGS PRODUCTION To: RF.Intercepted.Mail at flemings.com, owner-lbo-talk-digest at lists.panix.com Date: Sat, 28 Aug 1999 22:14:57 ...

Document Size:	6605
Author:	Doug Henwood
Date:	Sat Aug 28 14:29:32 PDT 1999

39729 software as capital -- rank: 1000

Brynjolfsson's co-author Shinkyu Yang has a research statement at <http://web.mit.edu/skyang/www/rs.htm> claiming that a lot of the IT return comes from "intangibles," and that investment and GDP are understated by failure to account for these intangibles. I thought GDP, like capitalism, was about money; has money entered a new realm of intangibility? Doug

Document Size:	4757
Author:	Doug Henwood
Date:	Sat Aug 28 13:45:55 PDT 1999

39730 software as capital -- rank: 1000

Michael Perelman wrote: >Doug Henwood wrote: > > > Here's what Greenspan said the other day: > >Doug, can you give the exact web site. <http://www.bog.frb.fed.us/BoardDocs/Speeches/1999/19990827.htm>. >Paul Strassmann attacks Brynjolfsson. Why? What does he attack him for? Brynjolfsson's got a website full of papers, including one that claims a return to IS investments over 80%, at <http://ccs.mit.edu/erik/index99.html>. The paper that Greenspan cites isn't there ...

Document Size:	5062
Author:	Doug Henwood
Date:	Sat Aug 28 13:39:29 PDT 1999

39731 software as capital -- rank: 1000

Jordan Hayes wrote: >Last I checked, software was 3 year property? Here's what Greenspan said the other day: <quote> The key definitional question that must be confronted is, What is a capital outlay? Conversely, What is an expense that, by definition, is consumed in the process of production and deemed an intermediate product? This issue is most immediately evident in accounting for software outlays, but it is rapidly expanding to a much broader range of activities. Software that is em ...

Document Size:	6935
Author:	Doug Henwood
Date:	Sat Aug 28 12:51:50 PDT 1999

39732 Waco and the Lesser of Two Evils -- rank: 1000

Michael Perelman wrote: >I just saw the Waco video last night. Interesting/frightening. One of >the preachers that plays basketball with me at the gym, an ex-druggie >musician has a similar way of looking at the Bible as Koresh. Both are >smart, but go off in wierd directions. > >The video made a pretty convincing case that the government was (almost?) >entirely wrong. In the congressional hearings, the people who sounded >the most rational were Wacco Repugs, such as ...

Document Size:	5523
Author:	Doug Henwood
Date:	Sat Aug 28 12:44:07 PDT 1999

39733 Fwd: MT: The Journal of Ayn Rand Studies -- rank: 1000

[This is not a joke!] ANNOUNCING - THE FIRST ACADEMIC JOURNAL DEVOTED TO THE STUDY OF AYN RAND AND HER TIMES THE JOURNAL OF AYN RAND STUDIES is the first scholarly publication to examine Ayn Rand: her life, her work, her times. Welcoming essays from every discipline -- from literary theory and aesthetics to epistemology, ethics, politics, social theory, and intellectual history -- the journal is not aligned with any advocacy group, institute, or person. It is the first place where people working ...

Document Size:	8500
Author:	Doug Henwood
Date:	Sat Aug 28 12:24:01 PDT 1999

39734 Stratfor career paths -- rank: 1000

I forwarded Michael Pollak's question: >Oh, one last mystery -- does any know if the George Friedman that wrote >_The Intelligence Edge: How to Profit from the Information Age_ and _The >Future of War: Power, Technology and American World Dominance in the 21st >Century_ in the last two years is the same George Friedman that wrote _The >Political Philosophy of the Frankfurt School_ in 1981? Sounds like the >perfect intellectual trajectory for a liberal CIA analyst to me :o) to ...

Document Size:	5306
Author:	Doug Henwood
Date:	Sat Aug 28 10:16:39 PDT 1999

39735 software as capital -- rank: 1000

Greenspan, Kudlow, & others argue that it's wrong not to count software expenditures as depreciable investment rather than an expensed current cost, and that NIPA figures underestimate investment and growth. If investment is understated than profitability is overstated, even though Greenspan says it's probably understated, but let's forget about that for now. My impression is that if software is a capital expenditure - and why not, conceptually? - it depreciates very rapidly, at least by my ...

Document Size:	4948
Author:	Doug Henwood
Date:	Sat Aug 28 09:28:18 PDT 1999