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40366 German election -- rank: 1000

Any ideas of who'd be good to talk about the German elections on the radio this Thursday? Doug

Document Size:	4403
Author:	Doug Henwood
Date:	Mon Sep 28 09:53:51 PDT 1998

40367 the downside of the Greens -- rank: 1000

Johannes Schneider wrote: > I wouldnt trust the Greens at all. On social issues (taxes, pensions, social > insurance) they are to the right of the SPD, because union influence is much > stronger on the SPD. The electorate of the Greens is the well-to-do liberal > middle class, even the 'lefts' within the Greens like Trittin have to take > this into account. Could you, or anyone else, say more on this? Some details on policy positions and the demographics of the Green support? Doug

Document Size:	4951
Author:	Doug Henwood
Date:	Mon Sep 28 09:42:55 PDT 1998

40368 LTCM -- rank: 1000

JayHecht at aol.com wrote: >Scholes & Co. averaged aboit a 50% return since 1995. You could have done that with the S&P on 50% margin, no? These guys were leveraged 80 to 1. Oh, yeah, but they were hedged! Doug

Document Size:	4496
Author:	Doug Henwood
Date:	Sun Sep 27 19:25:17 PDT 1998

40369 Monthly Review in Boston -- rank: 1000

lk wrote: >> a reliable source for the Monthly Review in Boston. > >How about The Trident Bookstore on Newbury St? Why not subscribe? It's not that expensive, and they could use the money up front. Doug

Document Size:	4613
Author:	Doug Henwood
Date:	Sun Sep 27 17:45:51 PDT 1998

40370 Deutschland -- rank: 1000

So Schroeder beat Kohl, contrary to Christopher Hitchens' wishes. Does this mean anything? Most importantly, how will the markets take it? As for the supposed Third Way International, I tripped over this line in the Reuters account: >Clinton, who all but campaigned for Kohl on a visit to east Germany in >May, congratulated Schroeder... Doug

Document Size:	4663
Author:	Doug Henwood
Date:	Sun Sep 27 17:44:56 PDT 1998

40371 LTCM -- rank: 1000

Joseph E. Moryl wrote: >This week's reading comes from the Old Testament and it's amazing how up to >date and relevant some of this stuff still is! > >"And if a man layeth with a woman who is not his wife, then he hath >committed adultery, and he shall be stoned to death. But if that same man >shall stand up and spilleth his seed on her raiment, then no man may call >him an adulterer. And he shall not be stoned to death and his deed shall >merely be deemed inappropri ...

Document Size:	5225
Author:	Doug Henwood
Date:	Sun Sep 27 17:22:47 PDT 1998

40372 Tom Ferguson and the Myth of the Median Voter -- rank: 1000

William S. Lear wrote: >I'm not sure what you mean by "neat and unidirectional". He does not, >as far as I know, claim that opinion polls reflect shifts in >investment, so your claim that in 1994 the shift in investment >followed the shift in the polls is not a valid criticism of his work. >He argues that party behavior is, in large part, determined by >investor behavior, but he does not, again to my recollection, anywhere >claim that poll shifts are not possible ...

Document Size:	5570
Author:	Doug Henwood
Date:	Sun Sep 27 10:35:14 PDT 1998

40373 Krugman in New Republic -- rank: 1000

Rakesh Bhandari wrote: >But Keynesianism does not steer clear of that truly dark neo mercantalism >of which List was an prophet. Keynesianism will help to bring that world >on along with indirect real wage cutting and immiseration through >inflation and complex monetary games. Speaking of which, does anyone here have that paragraph from Keynes's preface to the German edition of the General Theory, suppressed by the editors of his collected works, in which he flatters the Nazis? I use ...

Document Size:	4970
Author:	Doug Henwood
Date:	Sun Sep 27 09:32:15 PDT 1998

40374 putty knife!?! (Re: The Legend of Louis) -- rank: 1000

Frances Bolton (PHI) wrote: >On Sat, 26 Sep 1998, Doyle Saylor wrote: > >> Putty knife? That sounds kind of dull. You'd have to tie them down and >> get a good hold with a pair of vice grips, and then saw back and forth >> for several minutes. > >I think that's *exactly* why Paula chose the putty knife. Those interested in this line of inquiry might profit from a visit to <http://www.ownme.com/PenisCity.asp>. Doug

Document Size:	5111
Author:	Doug Henwood
Date:	Sat Sep 26 14:39:18 PDT 1998

40375 LTCM -- rank: 1000

[from Kathryn Welling's column in today's Barron's] >Quite evidently not, until the Fed banged their heads together. Then, >suddenly, the $300 million apiece that the Street's leading lights >tossed into the Long-Term Capital kitty looked like chump change >compared to equity hits that could have ranged in the billions, had they >been forced to write off the loans and other forms of credit they'd >extended to the hedge fund. Which they'd have been forced to do, had it >sough ...

Document Size:	6245
Author:	Doug Henwood
Date:	Sat Sep 26 09:26:12 PDT 1998

40376 who pays? -- rank: 1000

Greg Nowell wrote: >This points out the need for price controls on >blowjobs. Those ten bjs have got to be the most >expensive bjs in history. $250k to get her into the >White House, and on the rear end of the evnet millions >in lawyers fees and a possible impeachment. > >I think prices on bjs and oral sex generally should be >capped at $100/hr. But usually the recipient pays. In this case, the boyfriend of the giver's mother paid. And the recipient claimed that while t ...

Document Size:	5070
Author:	Doug Henwood
Date:	Fri Sep 25 15:06:14 PDT 1998

40377 Tom Ferguson and the Myth of the Median Voter -- rank: 1000

William S. Lear wrote: >>I think one could argue that this happened in 1994. The huge >>investment shift that drove the election occured in anticipation of a >>relative small, BUT SIGNIFICANT, voter shift, and after the dust cleared >>that's exactly what happened. ... > >Yes, one could argue this, if one had evidence. If you have some, >please share. This is one of my problems with Ferguson's work (aside from his bizarre Perot endorsement in 1992) - it's all ...

Document Size:	5904
Author:	Doug Henwood
Date:	Fri Sep 25 12:19:55 PDT 1998

40378 hurtin' Merton -- rank: 1000

[From the Harvard Business School web page describing the research of Robert Merton, partner in the busted hedge fund, Long-Term Capital Management. Proper risk control indeed. Would you trust your pension to this man?] <http://www.hbs.edu/research/summaries/rmerton.html> ------------------------------------------------------------------------ Robert C Merton Pension Plans of the Future Pressure on pension plans is mounting due to the aging of the population in a number of countries. At th ...

Document Size:	7493
Author:	Doug Henwood
Date:	Fri Sep 25 08:52:57 PDT 1998

40379 Krugman in New Republic -- rank: 1000

Rakesh Bhandari wrote: >In a recent New Republic Krugman blames the failure to implement Keynesian >policies of low interest rates/fiscal stimulus in the recession mired >third world on international speculators. I was wondering if one replaced >that scapegoat with international jewry, as Mahatir already has, whether >this analysis is any different than traditional fascism. Rakesh, just because List was a nationalist doesn't make him a Nazi; you could argue continuum, slippery slo ...

Document Size:	5229
Author:	Doug Henwood
Date:	Thu Sep 24 16:06:59 PDT 1998

40380 Camdessus: Asia crisis a blessing -- rank: 1000

The Wall Street Journal Interactive Edition -- September 24, 1998 IMF CHIEF SAYS ASIAN TURMOIL REMAINS A 'BLESSING IN DISGUISE' By BOB DAVIS Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- International Monetary Fund chief Michel Camdessus said he still believes the Asian financial crisis is a "blessing in disguise," but the payoff won't arrive until early next century. In November, when the depth of the global downturn wasn't yet obvious, Mr. Camdessus said he believed that tr ...

Document Size:	6827
Author:	Doug Henwood
Date:	Thu Sep 24 16:03:43 PDT 1998