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40471 Russian capital flight -- rank: 1000

[from Johnson's Russia List] From: fweir at rex.iasnet.ru Date: Thu, 10 Sep 1998 Subject: Capital Flight By Fred Weir MOSCOW (CP) -- Capital has hemorrhaged out of post-Soviet Russia on a scale unseen anywhere else in the world, leaving the country without needed resources to rebuild its economy, a joint Canadian-Russian report says. The 18-month study, sponsored by Russia's official Institute of Economics and the University of Western Ontario's Centre for the Study of International Economic Rel ...

Document Size:	8554
Author:	Doug Henwood
Date:	Fri Sep 11 09:32:25 PDT 1998

40472 Two Down, Approx 400 to Go -- rank: 1000

Max Sawicky wrote: >The personal indiscretions of two >Republican Members of Congress have >now been revealed in the past week: >Dan Burton and now the militia lady, >Helen Chenoweth (had affair with >married man). Chenoweth said shortly after her election that she was disappointed the South didn't win the Civil War. Apparently that's not considered terribly scandalous by the people who count. Doug

Document Size:	4907
Author:	Doug Henwood
Date:	Thu Sep 10 15:55:50 PDT 1998

40473 Grant sez.. -- rank: 1000

Patrick Bond wrote: >But Doug, gold doesn't only do well in inflationary times does it? >Haven't the last few days of gold market upswing reflected the >generalised panic about safe havens, after Wall Street became so >volatile? That's what our Jo'burg gold watchers say, anyhow. Just riffing on Grant's record. No more complex economic analysis than that. Doug

Document Size:	4684
Author:	Doug Henwood
Date:	Thu Sep 10 12:37:54 PDT 1998

40474 The Long Wave Revisited -- rank: 1000

Mark Jones wrote: >But as Rakesh's truly marvellous writings on Grossman and Brenner show >or imply (thanks, Rakesh, we are all in your debt) the Bretton Woods >system could only have served to promote the unrestrained development >(or rather, development without the usual cyclical vents and interrupts) >of the contradictions 'within the abode of production' which was the >reality of the postwar long boom: ie the stoking of the furnace of class >struggle. The idea that liber ...

Document Size:	6581
Author:	Doug Henwood
Date:	Thu Sep 10 11:59:31 PDT 1998

40475 Grant sez.. -- rank: 1000

Sometime in early 1997, I think, Jim Grant, editor of Grant's Interest Rate Observer, tired of being labeled as the permabear he was, and resolved to include at least one bullish recommendation in each issue of his newsletter. What did he recommend? Asian and Russian stocks. After Asia cracked, he confessed that his recommendations actually did worse than the averages. Just got the latest issue of Grant's, and he's high on gold now. Deflation anyone? Doug

Document Size:	4728
Author:	Doug Henwood
Date:	Thu Sep 10 10:53:52 PDT 1998

40476 The Long Wave Revisited -- rank: 1000

Carl Remick wrote: >Thought this was an interesting quote from today's Wall Street Journal >article, "Many Economists Think Japan Is in a 'Liquidity Trap,' And >Breaking Out Will Require More Than Cutting Rates": "One reason the >world has gone so long without a liquidity trap, says [Berkeley economic >historian Barry] Eichengreen, is the tight financial regulation that >followed the Great Depression, controls that have since been eased >around the world. 'T ...

Document Size:	18295
Author:	Doug Henwood
Date:	Thu Sep 10 08:22:15 PDT 1998

40477 a day without the Pentagon -- rank: 1000

[forwarded from David McReynolds <DavidMcR at aol.com>] Dear friend, This is going to lots of people, batch by patient batch, to make sure you have information on the Day Without The Pentagon. Some of you living in countries far from the United States may wonder why you are getting a post about a demonstration in Washington D.C. on October 19th. It is because you may take heart to know there is strong opposition to American militarism here, in America. You may want to send a message of ...

Document Size:	12465
Author:	Doug Henwood
Date:	Thu Sep 10 06:40:38 PDT 1998

40478 parecon, part 2 -- rank: 1000

[part 2 from Gar Lipow] Community Economic Development Projects: Many poverty stricken areas in the United States have community economic development projects. When employers, banks and developers withdraw from areas they consider ess rofitable than other alternatives, abandoned communities are left without jobs, adequate housing, or a tax base sufficient to provide basic social services. According to the logic of capitalism, people should not waste time whining about their fates, but get with ...

Document Size:	21178
Author:	Doug Henwood
Date:	Wed Sep 9 19:54:16 PDT 1998

40479 parecon, part 1 -- rank: 1000

[this post from Gar Lipow bounced for excessive length (>30k) - here it is in two parts] Date: Wed, 09 Sep 1998 19:28:26 -0700 From: "Gar W. Lipow" <lipowg at sprintmail.com> Reply-To: lipowg at freetrain.org Organization: FreedomTrain X-Mailer: Mozilla 4.05 [en] (Win95; I) MIME-Version: 1.0 To: DSA Net <dsanet at quantum.sdsu.edu>, LBO talk <LBO-talk at lists.panix.com>, Pen-l <pen-l at galaxy.csuchico.edu> Subject: Fwd:Winning Socialism Content-Type: text/p ...

Document Size:	23488
Author:	Doug Henwood
Date:	Wed Sep 9 19:53:45 PDT 1998

40480 tariff rates -- rank: 1000

A few posts ago I wondered how relevant just a few pennies tariff differential was to the project of admitting Chile to NAFTA. Actually it's less than a penny on a dollar. Here are the effective tariff rates for the top 40 U.S. trading partners, computed from data on the US International Trade Commission web site <http://www.usitc.gov/>; the stat report is in spreadsheet form at <ftp://ftp.usitc.gov/pub/reports/studies/TRADSTAT.EXE>. In 1996, the duty on imports from Mexico was 0.65% ...

Document Size:	6948
Author:	Doug Henwood
Date:	Wed Sep 9 09:42:08 PDT 1998

40481 Fast Track Authority -- rank: 1000

Brad De Long wrote: >Why is anyone opposed to concluding a free-trade agreement with Chile? > >It's a country that has had a miserable time over the past thirty >years--made much more miserable by Henry Kissinger's ideas about how to run >foreign policy. It's ten million people seven thousand miles away who might >actually benefit from better access to the U.S. market... What meaningful obstruction is there in the way of Chilean goods entering the U.S. market? A few pennies tar ...

Document Size:	5175
Author:	Doug Henwood
Date:	Wed Sep 9 08:05:38 PDT 1998

40482 Fast Track Authority -- rank: 1000

Tom Lehman wrote: >According to Congressmen Bonior, Brown and union political analysts, >President Clinton and the Republicans plan to bring NAFTA Fast Track >Authority back up for another vote in mid-September. Anyone seen >anything of this development? This came through last night on the Citizens Trade Watch list. Info on joining the list is at the end of the post. Doug ---- TO Selected Fair Trade Activists FR Mike Dolan and Lori Wallach DT 9/8/98 RE The Ides of September This won ...

Document Size:	17776
Author:	Doug Henwood
Date:	Wed Sep 9 07:43:36 PDT 1998

40483 Riley on turbulence -- rank: 1000

[An argument that the U.S. is heading for a crunch.] FINANCIAL TIMES - WEDNESDAY SEPTEMBER 9 1998 High-flyer hits turbulence by Barry Riley The US dollar could only go higher, according to the consensus earlier this year. Indeed, its strength threatened to create a new Asian upset involving a Chinese devaluation. When Robert Rubin, US Treasury secretary, ordered the sale of dollars to support the yen on June 17 the rate was 143, already down from 146 because the intervention had been rumoured. T ...

Document Size:	8381
Author:	Doug Henwood
Date:	Wed Sep 9 07:20:26 PDT 1998

40484 nouveau Nowell notions -- rank: 1000

James Devine wrote: >Nader's clean, but he blew his >chances to have an impact (a marginal one) by not taking the whole >enterprise seriously. Nader isn't persoanlly corrupt, of course; quite the contrary, he's creepily righteous. But one reason he didn't actually campaign for the presidency was almost certainly that he didn't want to reveal the sources of his funding, notably trial lawyers, who aren't the most popular people around. An alum of the Nader orbit told me that he's got a fo ...

Document Size:	5006
Author:	Doug Henwood
Date:	Tue Sep 8 20:12:06 PDT 1998

40485 Clinton blowjobs; Nowell qua reactionary; capital accumulation; Sawicky query -- rank: 1000

Greg Nowell wrote: >But I can't >help but think that the right has scored a tremendous >victory in turning all political discourse into the >politics of blowjobs. Ok, come clean, Greg. Are you for or against blowjobs? Doug

Document Size:	5075
Author:	Doug Henwood
Date:	Tue Sep 8 20:01:27 PDT 1998