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40666 Labor and the IMF -- rank: 1000

Michael Cohen wrote: >Does Labor in the US have enough clout to call for the resignation of >Fischer at the IMF. Getting rid of the American Leadership would >be the best first step outside Japanese involvment in improving the >situation. The AFL-CIO is completely behind the IMF; they'd never lobby for Fischer's dismissal. I'm sure this disturbs lots of the honorable people who work there, but that's the leadership's position. I also read in today's WSJ that the AFL-CIO will work wi ...

Document Size:	4932
Author:	Doug Henwood
Date:	Tue Oct 6 20:00:50 PDT 1998

40667 Monthly Review Press -- rank: 1000

Michael Cohen wrote: >Just to aid the cause of a few weeks ago I decided to send Monthly >Reviews >$100.00 contribution. I would have to see such a substantial and >interesting historic Journal go under. I haven't read it over the >years >but I enjoyed David McNally's article. Speaking of which, MR really needs the money to keep the press going. If they don't raise $150,000, the press (not the journal) will probably not survive 1999. A bit of good news - subs to the magazine ...

Document Size:	5060
Author:	Doug Henwood
Date:	Tue Oct 6 17:08:24 PDT 1998

40668 The role of the state -- rank: 1000

Brett Knowlton wrote: >This got me wondering - what do you think is the ideal role of the state? >Where do you think it should be involved, etc.? Maybe this is too much of >an open question, but I'll ask it anyway. Heavens. You know, to expropriate the expropriators and all. The rest is beyond me now. Doug

Document Size:	4723
Author:	Doug Henwood
Date:	Tue Oct 6 12:42:59 PDT 1998

40669 Japanese Stimulus Package -- rank: 1000

Michael Cohen wrote: >Does anybody know the details of the Japanese stimulus package. Financial Times - Tuesday October 6 1998 JAPAN'S ANTIDOTE TO DEPRESSION By Paul Abrahams in Tokyo Milton Friedman would be amused. The Nobel prize winning economist, who once joked that the fastest way to boost money supply was to throw dollar bills out of helicopters, may soon see a variant of this idea put to the test. The Japanese government said yesterday it was considering plans to hand out ¥30,000 (£13 ...

Document Size:	9509
Author:	Doug Henwood
Date:	Tue Oct 6 10:45:21 PDT 1998

40670 Avoid the Passive Voice -- rank: 1000

Brad De Long wrote: >You can call this political complexion whatever you want. You can even >ignore that it exists. But it *is* a kissing cousin to Action Francaise, >Benito Mussolini, Francisco Franco, and the National Socialist German >Workers' Party. It isn't full-blown fascism. But it is proto- or >pseudo-fascism. Brad, this is demented, and I'm stunned you're saying these things. Noam Chomsky is an anarchist, which makes him about as far from a fascist as you can get. In fact ...

Document Size:	5260
Author:	Doug Henwood
Date:	Tue Oct 6 09:26:17 PDT 1998

40671 Social and Economic Well-Being by Race and Hispanic Origin -- rank: 1000

Michael Pollak wrote: >There is an excellant review article on the subject of how health is >affected by economic inequality by Helen Epstein in the July 16, 1998 _New >York Review of Each Other's Books_, p. 26-30. Which is on the web at <http://www.nybooks.com/nyrev/WWWfeatdisplay.cgi?1998071626F>, broken, irritatingly, into 10 parts. If I'm remembering right, the irrepressible James Heartfield has a review criticizing these books in LM, né(e) Living Marxism. Doug

Document Size:	5258
Author:	Doug Henwood
Date:	Tue Oct 6 08:55:54 PDT 1998

40672 fwd: Another Nazi Myth Bites the Dust -- rank: 1000

michael at ecst.csuchico.edu wrote: >Maybe I am missing something. How does saying that Hitler's civilian jobs >program was fairly successful, in anyway justify the reprehensible actions >of the Nazis. I have read the book. Neither the author nor Lynn showed >any great love for the Nazis. Fascism can tolerate full employment because of the repression of labor (not to mention racial and sexual minorities, etc.). You can't just look at the full employment policies in isolation, as L ...

Document Size:	5300
Author:	Doug Henwood
Date:	Tue Oct 6 08:06:17 PDT 1998

40673 FRBNY on The Crisis -- rank: 1000

"I believe that we are in the most serious financial crisis since World War II, and one that has a propensity to get worse rather than better." -- William McDonough, president of the Federal Reserve Bank of New York (quoted in the Financial Times, October 6, 1998)

Document Size:	4622
Author:	Doug Henwood
Date:	Tue Oct 6 07:37:09 PDT 1998

40674 Marshall Plan & K flight -- rank: 1000

William S. Lear wrote, as did Brad De Long: >Goldman Sachs So an occasional poster on this list I saw in Washington this weekend happened to sit next to Joe Stiglitz on a flight from Ottawa to DC. He said Stiglitz said that (while at the CEA) he'd proposed to Clinton making a matrix of winners and losers (workers, industry groups, etc.) from administration policies. Clinton said it sounded good, but he should run it past Treasury. Treasury nixed it because, as Stiglitz put it, Goldman Sachs w ...

Document Size:	4970
Author:	Doug Henwood
Date:	Mon Oct 5 14:11:22 PDT 1998

40675 central punters -- rank: 1000

Charles Brown wrote: >Charles: So actually, all of those innocent >people were taking the risk with the >rich person, and they should have been >compensated for taking risk too, no ? I'm not talking about LTCM partners or investors or lenders, but about the risk that the entire financial system might implode, including your pension as a public employee. >But my question is somewhat >rhetorical. I didn't mean that you, >Doug Henwood, should have >to justify Greenspan's sta ...

Document Size:	5421
Author:	Doug Henwood
Date:	Mon Oct 5 12:33:15 PDT 1998

40676 Another Nazi Myth Bites the Dust -- rank: 1000

Rosser Jr, John Barkley wrote [quoting Lynn Turgeon]: >The early years >represented considerable continuity with the Bruning policy, particularly the >Fritz Todt plans for motorization and the famous autobahns, one of the >positive >legacies of Hitler. >Generally speaking, >Hitler was the more successful >The Russian economy today would seem to have more to learn from the >German experience after 7 lean years of deflationary monetarist policy under >Yeltsin than fro ...

Document Size:	5474
Author:	Doug Henwood
Date:	Mon Oct 5 12:13:43 PDT 1998

40677 Social and Economic Well-Being by Race and Hispanic Origin -- rank: 1000

It was an article by Gregory Pappas et al, which I used in my State of the USA Atlas, but unfortunately I mangled the reference and the full cite is missing in the notes. The excerpt I used in the graphic was: DEATHS OF PEOPLE AGED 24-65 BY INCOME AND RACE income <$9,000 -------------- black men 19.5 white men 16.0 black women 7.6 white women 6.5 income >$25,000 --------------- black men 3.6 white men 2.4 black women 2.3 white women 1.6 Doug michael at ecst.csuchico.edu wrote ...

Document Size:	7116
Author:	Doug Henwood
Date:	Mon Oct 5 09:19:00 PDT 1998

40678 Republican Party Advances in California... -- rank: 1000

Brad De Long wrote: >Nothing's wrong with it, if you think that there was no difference between: > >John F. Kennedy and Richard Nixon Missile gap and supply-side tax cuts vs. food stamps, guaranteed minimum income, and EPA. >Lyndon Johnson and Barry Goldwater Peace candidate who killed 1-2 million Indochinese. Doug

Document Size:	4938
Author:	Doug Henwood
Date:	Mon Oct 5 09:13:10 PDT 1998

40679 Social and Economic Well-Being by Race and Hispanic Origin -- rank: 1000

Fellows, Jeffrey wrote: >Doug, thanks for the post. From what I have seen of the research on >socioeconomic status and health (including violence-related morbidity and >mortality), the race/ethnicity dimension of health disappears as a >statistically significant relationship once SES is controlled for. So a >report on the social and economic well-being by social class would have been >much more accurate. Of course, I am preaching to the congregation here. There isn't much data ...

Document Size:	5638
Author:	Doug Henwood
Date:	Mon Oct 5 08:38:42 PDT 1998

40680 Brazil update -- rank: 1000

[from TheStreet.com] Weekend Report: Brazil's Bailout on the Way; G7 Issues Communique By Justin Lahart Senior Writer The early market reaction to this weekend's International Monetary Fund/World Bank and Group of Seven meetings is less than overjoyed, if Tokyo's open is any indication. The Nikkei 225 zoomed lower from the 8 p.m. EDT start of trading, lately off 149.43, or 1.1%, to 13,074.26. The benchmark Japanese index is on pace for yet another 12-year low, although it has bounced from being ...

Document Size:	8057
Author:	Doug Henwood
Date:	Sun Oct 4 20:04:12 PDT 1998