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39931 Y2K mania -- rank: 1000

Peter Kilander wrote: >Doug, what did you find delightful about the Wall Street angle? The possibility of Y2K mania and day trader mania combining to produce a total megamaniacal disaster. Doug

Document Size:	4447
Author:	Doug Henwood
Date:	Mon Aug 9 08:48:09 PDT 1999

39932 Paleoconservatism -- rank: 1000

Dennis R Redmond wrote: >But mass-culture in Adorno's >day, all the way until the Sixties, really, was a dreadfully oppressive, >racist, mind-bendingly patriarchal and stupefying affair; what we see >nowadays -- the occasional black and white film, for example -- is just >the high-quality stuff which survived. The counter-culture was the >prison-break from this particular form of mass-culture, but Adorno died >before he had a chance to reflect seriously on this. So Dennis, ...

Document Size:	5061
Author:	Doug Henwood
Date:	Sun Aug 8 19:42:14 PDT 1999

39933 Paleoconservatism -- rank: 1000

Michael Pollak wrote: >On Sat, 7 Aug 1999, Doug Henwood wrote: > > > > > Telos is at least semi-close to Le Pen & the Lombard League too, no? > > > >Really? That's not just canard? Things might have changed, lord knows, >but I knew them as recently as the early 90's, and they were more cranky >than conservative. They were conservative like Chris Lasch and Adorno are >conservative. I haven't been reading Telos, but Dan Lazare has, and Dan tells me it' ...

Document Size:	5084
Author:	Doug Henwood
Date:	Sun Aug 8 08:14:18 PDT 1999

39934 Keynes and the Bastards -- rank: 1000

Michael Perelman wrote: >Yes, he was explicit that his socialized investment would be directed by elite >people such as himself. He said about as little as Marx did about his future society, though, didn't he? As I remember, this excerpt - which appears in vol. 14 of his collected works, as part of the jottings collected in "The General Theory and After: Defense and Development" - is one of the more detailed expositions of his "somewhat comprehensive socialization of investm ...

Document Size:	5641
Author:	Doug Henwood
Date:	Sun Aug 8 08:10:49 PDT 1999

39935 Schmidt on psychopathic traders -- rank: 1000

Sunday August 1 1:10 PM ET Schmidt: 'Psychopaths' Fuel U.S. Prices FRANKFURT, Germany (Reuters) - Former German Chancellor Helmut Schmidt said in remarks published Sunday that U.S. share prices were being driven to unsustainable heights by ''psychopaths'' on Wall Street and that a slump was inevitable. Schmidt told Welt am Sonntag newspaper that the United States, despite being presented as a shining economic example to Germany, had a private savings ratio below zero and was creating an undercla ...

Document Size:	6012
Author:	Doug Henwood
Date:	Sat Aug 7 20:43:26 PDT 1999

39936 Paleoconservatism -- rank: 1000

Michael Pollak wrote: >But now I see, in the >newest New Left Review, that Dan Lazare (in his reply to Michael Lind) >refers to a school of thought calling itself paleoconservatism, as if were >simply a term of self-description. He said it is > ><quote> > >associated with the magazine Chronicles, published in Rockford, Illinois, >which, month after month, flails away at global capitalism, international >democracy and modernist revolutionaries from Oliver Cromw ...

Document Size:	7871
Author:	Doug Henwood
Date:	Sat Aug 7 18:56:12 PDT 1999

39937 Y2K mania -- rank: 1000

For a semi-alarmist view of Y2K coming out of the U.S. Naval War College, check out <http://www.geocities.com/ResearchTriangle/Thinktank/6926/y2ksite.htm> . The Wall Street angle is pretty delightful. Doug

Document Size:	4552
Author:	Doug Henwood
Date:	Sat Aug 7 17:15:18 PDT 1999

39938 Wages and Panic Buttons -- rank: 1000

Seth Ackerman wrote: > Doug wrote: > > > This is related to the argument Michael Perelman makes in his book on > > Keynes: the softening of competition allowed by the (bastard) > > Keynesian state gave rise to a sloppiness among capitalists. > > > > > Can someone explain to me the salient differences between Bastard >Keynesianism and the more "authentic" versions? do these differences have >any real policy implications? Several others have a ...

Document Size:	7118
Author:	Doug Henwood
Date:	Sat Aug 7 09:43:11 PDT 1999

39939 Nietzsche a realist? What are you smoking? -- rank: 1000

Miles Jackson wrote: >The more I read Fred, the more I question the >originality of most of the recent pomo literature (e.g., >Zizek, Butler). But you're reading him backwards, through them. Doug

Document Size:	4772
Author:	Doug Henwood
Date:	Sat Aug 7 00:06:44 PDT 1999

39940 Virus Alert -- rank: 1000

bill fancher wrote: >This is a hoax. See ><http://www.Europe.DataFellows.com/hoaxes/wobbhoax.htm> > >About par for Counterpunch. What the hell is that supposed to mean? Doug

Document Size:	4590
Author:	Doug Henwood
Date:	Fri Aug 6 22:06:41 PDT 1999

39941 Wages and Panic Buttons -- rank: 1000

Jim heartfield wrote: >As I remember it there was a big row between orthodox Marxists (David >Yaffe) and 'profit-squeeze' theorists like John Harrison and Tony Cliff >over wages and inflation in the seventies. The latter saw wages as >cutting into profits, and repeated the conventional wisdom that >inflation was the effect of the contest over the social product between >capital and labour. > >The orthodox marxists rejected the argument that wage rises could >account fo ...

Document Size:	5913
Author:	Doug Henwood
Date:	Fri Aug 6 15:09:36 PDT 1999

39942 Brown Stuff -- rank: 1000

Nathan Newman wrote: >ummm...open borders is not exactly adaption nor is it any form of indentured >servitude. Why Doug thinks maintaining the INS at the border is progressive >is beyond me. You said admit Third World peasants to farm in South Dakota, which sounded a lot more restrictive than open borders. I'm no fan of the INS. >The love of underpopulated farmland powered by cheap oil, eroding topsoil >and poisonous pesticides is much more of an "adaption." I never sai ...

Document Size:	4943
Author:	Doug Henwood
Date:	Fri Aug 6 13:43:41 PDT 1999

39943 slay trader -- rank: 1000

[Today's Suck.] Trade Rage America's latest mass murderer Mark O. Barton was a day trader, and the only question is: What took so long? Everybody knows that testosterone-addled, foul-mouthed, money-blind stock speculators are ticking bombs. Weirdly, the only news outlet to unashamedly trumpet the day-trading angle was Rupert Murdoch's New York Post, where Barton is known as the "<http://www.nypost.com/news/9315.htmSlay> Trader." Elsewhere, the proximate cause of Barton's spree ...

Document Size:	11174
Author:	Doug Henwood
Date:	Fri Aug 6 10:29:02 PDT 1999

39944 Brown Stuff -- rank: 1000

Michael Perelman wrote: >Then Doug asked: > > > Why can't they get that technology at home? > >In many cases, it is because their land was stolen from them. Land reform in >East Asia (including Japan) was very successful. Many of the people >who worked >the land were old and had no other employment prospects. So, in a >crass economic >sense, their labor was a "free good." Yes, that and lack of capital and lack of access to technology, and the world's ...

Document Size:	5083
Author:	Doug Henwood
Date:	Fri Aug 6 10:31:38 PDT 1999

39945 Fwd: BULLETIN! TIGER HEDGE FUND PROBLEMS MUCH BIGGER THAN WE THOUGHT!!!!!!! -- rank: 1000

[This may be true, or it may be a phantasm of the fevered fringe. Murphy is the Gold Antitrust Action <http://www.gata.org> founder. The WSJ did run a story today on the extremes in swap spreads, which is a symptom of credit market anxiety and/or stress.] X-Sent: 6 Aug 1999 16:56:37 GMT From: LePatron at LeMetropoleCafe.com To: dhenwood at panix.com Subject: BULLETIN! TIGER HEDGE FUND PROBLEMS MUCH BIGGER THAN WE THOUGHT!!!!!!! Date: Fri, 6 Aug 1999 12:34:20 -0400 Le Metropole members, We ...

Document Size:	8159
Author:	Doug Henwood
Date:	Fri Aug 6 10:13:02 PDT 1999