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40306 division -- rank: 1000

Michael Hoover wrote: >Margaret: >> Someone (wish i could remember who) said that academic >> infighting is so nasty because the stakes are so small. > >you've paraphrased a war criminal named Kissinger...Michael Hoover Actually, I think she was paraphrasing, though very inappropriately, Michel Foucault, in a quote about the "model of war" for intellectual dispute that I've posted here a couple of times. It is appropriate in some circumstances, but not these, since ...

Document Size:	5112
Author:	Doug Henwood
Date:	Mon Apr 5 08:45:25 PDT 1999

40307 1929 quotes/nationalism stuff -- rank: 1000

rc-am wrote: >>But, the bubble-ish aspects of the U.S. economy make me wonder if we've >>reached some bizarre extreme of the Pox Americana. > >do bubbles always burst? Can't think of one that hasn't, but Jordan assures us it's different this time. Doug

Document Size:	4737
Author:	Doug Henwood
Date:	Mon Apr 5 07:09:54 PDT 1999

40308 Opening Borders -- rank: 1000

Michael Pollak wrote: >On Sun, 4 Apr 1999 Rkmickey at aol.com wrote: > >> Evidently, "thousands of refugees" will be going to Turkey, Norway, >>Germany & >> even the USA. Who'd a' thunk it? > >I heard on the news today that we'll take 20,000, and Germany 10,000. When >there's 300,000 already on across the border, and supposedly 300,000 more >on the road, this seems cosmetic. ...and the U.S. refugees will be housed on Guam and Guantanamo, and not ...

Document Size:	5101
Author:	Doug Henwood
Date:	Mon Apr 5 07:05:38 PDT 1999

40309 Violation of Vienna Convention -- rank: 1000

Sam Pawlett wrote: >Is the Vienna Convention and the U.N. charter legally binding at all? It may >just be a gentlemen's agreement. Of course, law means nothing unless there is >a body to enforce it. In this case, the U.S. is no doubt the strongest >military power in the world and as such is free to act as it pleases without >fear of retribution. The rule of force not the rule of law is usually the >rule in international relations. Under U.S. law, a treaty is legally binding, n ...

Document Size:	5432
Author:	Doug Henwood
Date:	Mon Apr 5 07:02:58 PDT 1999

40310 Violation of Vienna Convention -- rank: 1000

Michael Pollak wrote: >Of all the violations of international law, the one I find the most >striking, and the least discussed, is the Vienna Convention on the Law of >Treaties that _The Nation_ mentioned in its editorial: "It is illegal >under international law to use force to compel any state to sign an >international agreement." Which means NATO was violating international >law even before we dropped the bombs by threatening to if Milo didn't >sign. The whole R ...

Document Size:	8102
Author:	Doug Henwood
Date:	Sun Apr 4 21:17:19 PDT 1999

40311 Opening Borders -- rank: 1000

Max Sawicky wrote: >Hard to say, but not necessarily. Collective aid from the NATO countries, >opening borders, etc. go against the grain of nationalism. Workers Vanguard says, and I usually trust them on these things, that U.S. policy, prodded by the Germans, has been to promote the breakup of Yugoslavia along ethnic lines. That would be quite in the grain of nationalism. >Junking all this, Jim, doesn't the logical extension of the strict >anti-intervention position to domestic mat ...

Document Size:	5253
Author:	Doug Henwood
Date:	Sun Apr 4 20:00:16 PDT 1999

40312 valuations -- rank: 1000

Jordan Hayes wrote: >Grant might just as well be saying things like: > > "In my day, we walked to school 10 miles in the snow" > "When I was a boy, we treated our parents with respect" > >and most tellingly: > > "Turn down that racket!" Things like valuation have a long historical precedent. Returns on capital have a long empirical record. AOL at 600 times earnings is not in line with either. You're making a "weight of the money ...

Document Size:	5070
Author:	Doug Henwood
Date:	Sun Apr 4 19:36:36 PDT 1999

40313 1929 quotes -- rank: 1000

Angela wrote: >there's a distinct sense of repetition there, Doug. but how about >adding in this: the 1929 depression signaled the beginning of the >economic collapse of Britain as the global power, WW2 ushered in the >handover the thee US. there too, the shift in debt was crucial, as >Dennis has been pointing out is the case here. Yes. But the U.S. boomed during the 1920s as the rest of the world slumped along - not unlike the 1990s. Japan isn't acting like the hegemon in chr ...

Document Size:	7006
Author:	Doug Henwood
Date:	Sun Apr 4 09:04:00 PDT 1999

40314 the new economy, a question -- rank: 1000

Anderson, Bob wrote: >How is it that unemployment can be at a 29 yr low while so many jobs are >being eliminated by the technological changes and movement overseas? Is it >more than just low wage secondary type jobs are being created? Is it that >a big part of the jobs created are actually in the high-tech fields here, >much as the invention of the airplane created a large new industry ? Long-term studies of U.S. labor markets show tremendous turbulence over the decades. Though t ...

Document Size:	6104
Author:	Doug Henwood
Date:	Sun Apr 4 08:35:34 PDT 1999

40315 valuations -- rank: 1000

[Quoting perma-bear James Grant makes me almost as queasy as evoking 1929, given how (engagingly) wrong he's been over the last 15 years. But this stuff is truly nuts.] LOST IN SPACE by James Grant [Grant's Interest Rate Observer, March 26, 1999] "To own a company like AOL," a portfolio manager recently advised The Wall Street Journal, "you had to throw out traditional measures of valuing companies. We had to say we have to own what we think is the dominant franchise in the Intern ...

Document Size:	10567
Author:	Doug Henwood
Date:	Sun Apr 4 08:19:53 PDT 1999

40316 virtues of inequality -- rank: 1000

[And now for something completely different...] New York Times - April 4, 1999 ECONOMIC VIEW Is the U.S. Income Gap Really a Big Problem? By SYLVIA NASAR In economics, the facts alone don't usually tell the whole story. Consider inequality, the trendy subject of dozens of books in the last few years. The facts are uncontroversial: By any hard measure -- wages, income, wealth -- the gap between rich and poor in America has been widening for decades. And while there are indications that the gap ma ...

Document Size:	9684
Author:	Doug Henwood
Date:	Sun Apr 4 06:29:50 PDT 1999

40317 Genocide in Kosovo -- rank: 1000

Chris Burford wrote: >Clearly this is a war by Serbian nationalists to annexe the province >of Kosovo by means of genocide. Minor point of law - Kosovo is a province of Yugoslavia, isn't it? So how precisely is it being annexed? And, while we're defining things, "ethnic cleansing" is a monstrous crime, but is it genocide actually? By any definition of genocide, the U.S. and Canada have committed it against their native populations - and still commit it; should we send a cruise in ...

Document Size:	4935
Author:	Doug Henwood
Date:	Sat Apr 3 15:21:31 PST 1999

40318 Fwd: MADRE's Talking Points on Yugoslav Crisis -- rank: 1000

Chris Burford wrote: >Clearly you have no concept of a united front against fascism. I think you need to turn down the temperature of your rhetoric several degrees. "Fascism" isn't the right word to use in this context. Bill Clinton and Tony Blair would be pleased, if they knew about us & cared, that you're using it. But we're not about pleasing them, are we? Together, Clinton and Blair and the governments they lead have more blood on their right pinkies than Milo & Co. coul ...

Document Size:	5149
Author:	Doug Henwood
Date:	Sat Apr 3 13:52:15 PST 1999

40319 Fwd: MADRE's Talking Points on Yugoslav Crisis -- rank: 1000

W. Kiernan wrote: >NM wrote: >> >> Chris, is a list for people who are fans of the LBO and who are >> generally leftist. Since you are obviously an unrepentant Nazi >> looking to finish the job the Croats started in World War II, you >> should unsub from this list and go on with your day job of kicking >> down doors and strangling Jewish infants. > >God damn it, I don't care how provoked you are, cut it out. This is >destroying what has been a go ...

Document Size:	5489
Author:	Doug Henwood
Date:	Sat Apr 3 11:38:38 PST 1999

40320 1929 quotes -- rank: 1000

[1929 comparisons always make me a bit queasy - esp with AMZN acting so amazing! - but here you go...] New York Times - April 3, 1999 All the King's Horses and All the Kings Men Were Still Optimistic Wall Street cheered this week as the Dow Jones industrial average finally closed above 10,000. Many analysts are counting on a continuing bull market. Who knows? They may be right. And then again, they may not. Stock market predictions are a tricky business, as you can see from a look back at what w ...

Document Size:	8530
Author:	Doug Henwood
Date:	Sat Apr 3 11:08:43 PST 1999