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40546 Home Ownership This High? -- rank: 1000

Brad De Long wrote: >How much, if any, of this increase in *incomes* is an increase in *material >welfare* is a hard question. But it does mean that households have more >cash income with which to pay their mortgages. And bigger mortgages, too. Here are the equity and loan-to-value ratios for owner-occupiers, from the Fed's flow of funds' household balance sheets <http://www.bog.frb.fed.us/releases/z1/Disk/btabs.zip>. owners' mortgage/ equity value 1945 86.3% 13.7% 195 ...

Document Size:	5479
Author:	Doug Henwood
Date:	Mon Oct 26 14:06:50 PST 1998

40547 Home Ownewship This High? -- rank: 1000

Maria Gilmore wrote: >How can that be, given the rising cost of buying a >home and the stagnant state of real >income for most people? Or am I mistaken about >that too? Debt. Or credit, if you prefer. Doug

Document Size:	4683
Author:	Doug Henwood
Date:	Mon Oct 26 13:49:21 PST 1998

40548 Home Ownewship This High? -- rank: 1000

Michael Pollak wrote: >The figures suggest something dramatic happened in the third quarter to >make the record possible. The historic figures are remarkably stable over >time -- they've varied between 63 and 66 percent for 30 years. >Homeownership reached 66 percent in the second quarter of this years, but >it's reach that several times before, and as early as 1977. But between >the 2nd and 3rd quarter of this year the homeownership rate jumped 0.8% -- >which I think, from ...

Document Size:	6175
Author:	Doug Henwood
Date:	Sun Oct 25 08:59:53 PST 1998

40549 Going public -- rank: 1000

I'm all for discussing the relations between Marxism & indigenism, free speech & holocaust denial, but when people start acusing each other of being agents, cops, and crypto-Nazis, it's a sign that debate has devolved into competitive pissing. I feel like ListMom saying this, but can we be more constructive? Doug

Document Size:	4654
Author:	Doug Henwood
Date:	Sun Oct 25 08:42:04 PST 1998

40550 Lind on Galbraith -- rank: 1000

Dennis R Redmond wrote: >Just despicable. Let me guess -- Lind considers himself a "progressive", >right? Yes, and he's been embraced by "progressive" mags like Harper's, The Nation, and Mother Jones. Doug

Document Size:	4622
Author:	Doug Henwood
Date:	Sun Oct 25 08:23:26 PST 1998

40551 Sterilization of incoming capital flows -- rank: 1000

Michael Pollak wrote : >On Doug's WBAI program a couple of weeks ago, he interviewed a very >interesting Brazilian economist (whose name Doug pronounced so >authentically I couldn't make it out :-) Hardly. I mangled it, I'm sure. Luiz Gonzaga Belluzzo is his name. He spoke in passing about the >"sterilization" of incoming capital flows, and I'd like very much to >understand how it this works, since it seems to contain the most concise >and damning indictment of submer ...

Document Size:	9492
Author:	Doug Henwood
Date:	Sat Oct 24 15:26:16 PDT 1998

40552 Sterilization of incoming capital flows -- rank: 1000

Enrique Diaz-Alvarez wrote: >But then, sterilization, per se, has nothing to do with the problem, >does it? The problem is caused by the twin deficits, no? Well, yes, if the domestic and foreign investors stopped buying Brazilian debt, there'd be no fiscal or current account deficit. But then you've got to ask what causes those - from fiscal crisis of the state pressures on the budget to deindustrialization (which necessitates more imports) to the overvalued exchange rate (which makes impo ...

Document Size:	5093
Author:	Doug Henwood
Date:	Sat Oct 24 15:16:36 PDT 1998

40553 MERCOSUR of Terror: Pinochet and Bolivia -- rank: 1000

[More from Tom Kruse at his cibercafe] >Date: Fri, 09 Oct 1998 01:12:47 -0400 >To: lbo-talk at lists.panix.com >From: Tom Kruse <cibercaf at mara.scr.entelnet.bo> >Subject: MERCOSUR of Terror: Pinochet and Bolivia >Cc: pen-l at galaxy.csuchico.edu, ttricot at agata.ecored.cl >Mime-Version: 1.0 >Content-Type: text/plain; charset="us-ascii" > >The Pinochet affair is taking on very interesting aspects here in Bolivia. >As I noted in other missives, Gen. ...

Document Size:	10642
Author:	Doug Henwood
Date:	Sat Oct 24 15:12:36 PDT 1998

40554 Sterilization of incoming capital flows -- rank: 1000

Enrique Diaz-Alvarez wrote: >Me too. This may be a stupid question, but where is the money that the >Brazilian government got in return for those short-term bonds? Why isn't >it available to repay those bonds that can't be rolled over? Some went into reserves, some went to finance the budget deficit, and some went to finance the giant current account deficit. Without that inflow, the deficits (both of them) can't be sustained. Doug

Document Size:	5008
Author:	Doug Henwood
Date:	Sat Oct 24 13:35:44 PDT 1998

40555 Lind on Galbraith -- rank: 1000

Taking off on the Lind/nationalism thread, here's the end of Michael Lind's review of Jamie Galbraith's new book, Created Unequal. At the beginning of the excerpt, Lind seems to be arguing that you need ethnic purity to have social democracy, but by the end is arguing against multiculturalism in the interests of an "egalitarian nationalism." Is his argument really with "mutlculturalism," or ethnic diversity itself? If whites won't pay for a redistribution that would dispropor ...

Document Size:	9318
Author:	Doug Henwood
Date:	Sat Oct 24 12:42:02 PDT 1998

40556 Good News: A View From Chile -- rank: 1000

[This bounced because it was from a cybercafe.] Date: Thu, 08 Oct 1998 22:56:14 -0400 To: lbo-talk at lists.panix.com From: Tom Kruse <cibercaf at mara.scr.entelnet.bo> Subject: Good News: A View From Chile Cc: pen-l at galaxy.csuchico.edu Mime-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit X-MIME-Autoconverted: from quoted-printable to 8bit by dont.panix.com id OAA21588 Dear Friends of various lists: Yesterday I was in Potosi with a g ...

Document Size:	14575
Author:	Doug Henwood
Date:	Sat Oct 24 12:02:23 PDT 1998

40557 Stiglitz: hedge funds are crony capitalism -- rank: 1000

Date: Fri, 23 Oct 1998 19:42:04 -0400 (EDT) Reply-To: rob at essential.org Originator: stop-imf at essential.org Sender: stop-imf at essential.org Precedence: bulk From: Robert Weissman <rob at essential.org> To: Multiple recipients of list STOP-IMF <stop-imf at essential.org> Subject: Stiglitz: hedge funds are crony capitalism MIME-Version: 1.0 X-Comment: To unsubscribe from this list, send the one line message "unsubscribe stop-imf" to "listproc at essential.org" ...

Document Size:	8004
Author:	Doug Henwood
Date:	Sat Oct 24 09:02:08 PDT 1998

40558 "fuck-" -- rank: 1000

[The other day, someone here praised the richness of "fuck" & its variants. Along those lines, there's this from the November Harper's. I don't see why "fuckerware" is "bizarre."] [Lexicography] REVISING THE F-WORD <ital>From an essay by Jesse Sheidlower in the Fall issue of "Verbatim," a newsletter about the English language. Sheidlower is the project editor of the Random House Historical Dictionary of American Slang. He is the author of The F-W ...

Document Size:	11710
Author:	Doug Henwood
Date:	Sat Oct 24 08:54:28 PDT 1998

40559 good news? (late follow up) -- rank: 1000

Carl Remick wrote: >Yes, it would seem that Baroness Thatcher's tea companion will be going >home, after all. Following is from today's Guardian: > >Straw signals Chile deal >Pinochet may be sent home after Carey plea for mercy > >By Ewen MacAskill, David Pallister and Ian Black >Friday October 23, 1998 > >The Home Secretary, Jack Straw, hinted yesterday that the former Chilean >dictator, General Augusto Pinochet, could be sent home on compassionate >grounds ...

Document Size:	5346
Author:	Doug Henwood
Date:	Fri Oct 23 09:24:28 PDT 1998

40560 Borders President Rich Flanagan on unions, history, and living wages -- rank: 1000

Borders wrote: >For example, some say a union would help provide a "living wage." While the >concept is romantically appealling, it ignores the practicalities and >realities of our business environment. That's one of the most beautiful formulations I've read all month. It's right there, in glowing pixels: Capitalist Competition Inconsistent With Living Wage, Exec Says. Doug

Document Size:	5167
Author:	Doug Henwood
Date:	Fri Oct 23 09:11:27 PDT 1998