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39976 back to 1835! -- rank: 1000

Max Sawicky wrote: >If you think public debt benefits rich bondholders, >you might like to answer the question of why the >Administration is going ass-over-teakettle to >eliminate public debt, with the tacit approval >of a lot of Republicans. Don't feel bad if >you don't know the answer. Nobody on PEN-L >does either, including me. Wall Street loves underwriting, trading, and repackaging Treasury paper. There was a little chat on CNBC earlier today about how the government ...

Document Size:	5638
Author:	Doug Henwood
Date:	Tue Aug 3 15:22:58 PDT 1999

39977 interest rate arithmetic -- rank: 1000

jf noonan wrote: >I thought the price of bonds went up when interest rates >went up. No the price of bonds moves in the opposite direction of interest rates. See <http://www.panix.com/~dhenwood/Bond_supplement.html> for why. Doug

Document Size:	4949
Author:	Doug Henwood
Date:	Tue Aug 3 15:07:18 PDT 1999

39978 back to 1835 -- rank: 1000

paula wrote: >Could anyone clue in this uneducated rube-what happened in 1835, and did it >lead to depression? There was a great boom in the early and mid-1830s. States borrowed heavily on domestic and international markets to build canals and roads. The federal government was running a big surplus which it turned over to the states. It was widely thought there would be wondrous results from improved communications. There was wild speculation in land and stocks. And then the bubble burst i ...

Document Size:	4894
Author:	Doug Henwood
Date:	Tue Aug 3 13:43:33 PDT 1999

39979 back to 1835! -- rank: 1000

Carl Remick wrote: >Nathan's point seems well taken. Given that we're living in a fool's >paradise and there is no appreciable demand for spending on job creation >and social services, what *is* the objection to paying off on the debt >until the (ever nearing!) recession hits? Wouldn't this mitigate any >adverse inflationary impact of deficit spending when the recession does >occur? 1) The surpluses are coming from Social Security taxes, which are flat-to-regresive. The princ ...

Document Size:	5437
Author:	Doug Henwood
Date:	Tue Aug 3 13:28:07 PDT 1999

39980 Stupid Windows/Word Problem -- rank: 1000

Wojtek Sokolowski wrote: >Doug, I know darn well that Pentium -schmentium has a bigger disk - but you >see, it is not the size of the instrument but the quality of the experience >I am talking about. How many of those 75Mb of fonts do you really need to >effectively communicate your ideas? Call me an aesthete, but I like lots of fonts. I think they're beautiful, if you use them right. If I had the artistic talent, I could bang out a lovely graphic in an hour that it would have taken ...

Document Size:	5317
Author:	Doug Henwood
Date:	Tue Aug 3 13:21:39 PDT 1999

39981 Wages and Panic Buttons (http://www.nytimes.com/yr/mo/day/oped/03tyso.html) (fwd) -- rank: 1000

Laura Tyson wrote: >there is no need for the Fed to slam on the breaks Gosh, from a Berkeley professor writing in the newspaper of record! Standards have just gone all to hell. Unless there's some unconscious subtext here we should be analyzing - is something vulnerable about to shatter into pieces? Doug

Document Size:	5003
Author:	Doug Henwood
Date:	Tue Aug 3 13:24:24 PDT 1999

39982 back to 1835! -- rank: 1000

Date: Tue, 3 Aug 1999 13:52 -0400 From: The White House <Publications-Admin at Pub.Pub.WhiteHouse.Gov> URL: <http://www.pub.whitehouse.gov/uri-res/I2R?urn:pdi://oma.eop.gov.us/19 99/8/3/6.text.1> THE WHITE HOUSE Office of the Press Secretary ________________________________________________________________________ For Immediate Release August 2, 1999 STATEMENT BY THE PRESIDENT Today, my administration announced that the U.S. government will pay down ...

Document Size:	6964
Author:	Doug Henwood
Date:	Tue Aug 3 11:58:36 PDT 1999

39983 Windows/software -- rank: 1000

Juliana Shearer wrote: >This is a good explanation, and why it's a good idea to wipe your hard >drive every once in a while and start over. However, I have also found >that the amount of these registry errors mysteriously decreases in some >sort of inverse or exponential proportion to the amount of junk on your >computer as compared to how much RAM and other memory you have. The less >space you have to store stuff the more Windows or W-based programs >crash. > >Sometim ...

Document Size:	5332
Author:	Doug Henwood
Date:	Tue Aug 3 10:40:48 PDT 1999

39984 Krugman: A dollar crisis? -- rank: 1000

Rakesh Bhandari wrote: >Really now I just >think American imperial power/economic hegemony should not be >underestimated at this point; the major feature of the global economy is >the power of American capital to relieve its own supply side constraints >on profitability and export global depression through unequal terms of >trade on the basis of a strong dollar as reserve currency. I've been with you on that, Rakesh. All the wind-up Trot-bots have been denouncing me for years ...

Document Size:	6375
Author:	Doug Henwood
Date:	Tue Aug 3 10:32:37 PDT 1999

39985 Online Labor Conference -- rank: 1000

Nathan Newman wrote: >What was the taboo word? Do you have a Class Struggle Net Nanny software >operating to filter out trade union bureacrat social fascism? Obviously not! TUBSFs are free to post here. The taboo is words like s*bscribe and uns*bscribe. Doug

Document Size:	4701
Author:	Doug Henwood
Date:	Tue Aug 3 09:53:38 PDT 1999

39986 LBO #90 -- rank: 1000

Max Sawicky wrote: >The Wash. Post has a vile front-page article this a.m., >welfare reform is now a proven triumph. The basis for >this claim is evidence that the economy is not responsible >for most of the drop in the rolls (nearly half now). Zero >data in the article on the well-being of children, nor on >the level of earnings of those who have left the rolls and >have jobs, least of all to the difference between the number >of 'leavers' who work now, and the number t ...

Document Size:	7377
Author:	Doug Henwood
Date:	Tue Aug 3 09:44:01 PDT 1999

39987 Krugman calls top on dollar -- rank: 1000

DANIEL.DAVIES at flemings.com wrote: ><<The fiscal and monetary squeeze in Europe is pure madness. No it's >not madness; it's class war against the welfare state and high wages>> > >In Germany and UK, for sure. Could someone explain what's going on with the British economy? I read about weak GDP, weaker manufacturing, a housing boom.... What's the story? Doug

Document Size:	5006
Author:	Doug Henwood
Date:	Tue Aug 3 08:53:39 PDT 1999

39988 Online Labor Conference -- rank: 1000

[this bounced bec of a taboo word] From: "rc-am" <rcollins at netlink.com.au> Date: Tue, 3 Aug 1999 14:09:59 +1000 | ANNOUNCEMENT | | Juan Somavia and Bill Jordan to open online Conference on Organized | Labour in the 21st Century. | | Juan Somavia, the Director General of the ILO, and Bill Jordan, General | Secretary of the ICFTU, will launch a debate in an online Conference | "Organized Labour in the 21st Century". The Conference will be run by | the International Ins ...

Document Size:	7132
Author:	Doug Henwood
Date:	Tue Aug 3 08:50:27 PDT 1999

39989 Heresy: why I support school vouchers -- rank: 1000

Rkmickey at aol.com wrote: >If, as Perez claims is the case in Atlanta, the state monopoly is the only >existing "choice" and is providing a bad system then trying a "market" >alternative strikes me as being reasonable in "actually existing American >capitalism." It seems unlikely that the Atlanta school authorities are >going to be changing their ways anytime soon and certainly have no motivation >to help the very families who need it most, espe ...

Document Size:	6211
Author:	Doug Henwood
Date:	Tue Aug 3 08:46:19 PDT 1999

39990 Asian portents -- rank: 1000

[This looks like an effort to blame Asia rather than international capital markets for the crisis, but it's intriguing, following Krugman's analysis, how well the last sentence of the abstract applies to the U.S. today. Dunno why the indexers are just getting around to a Dec 98 paper, but who's counting?] "What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview" BY: GIANCARLO CORSETTI Yale University, Grad. School of Arts & Sciences Department of Econ ...

Document Size:	7749
Author:	Doug Henwood
Date:	Tue Aug 3 08:24:45 PDT 1999