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41086 Consumer debt crunch and division by two -- rank: 1000

Rakesh Bhandari wrote: >In the Florentine woolen industry of the 17th century, the wage earner was >tied to his employer by debts and a whole set of laws was introduced in >order to compel him to do overtime. With our culture of minimal math >skills, many of us took on more and more consumer debt, even as the >interest rate rose from 7 to 15% and beyond. Now in order to hold back the >powers of compound interest, workers are finding themselves in no position >to look for bet ...

Document Size:	6530
Author:	Doug Henwood
Date:	Mon Jun 8 07:54:55 PDT 1998

41087 Basic Facts about Wealth and Poverty -- rank: 1000

Rob Schaap wrote: >If half the top 500 US companies are declaring declining profits and you >have a persistent current account deficit problem that ain't gonna improve >under this strong a greenback, and if Japan's Yen is obviously not gonna >play a positive part in rejuvenating SE Asia - well, exactly where are >these 'strong fundamentals' we're always hearing about? A balanced budget, 1.4% inflation, 4.3% unemployment, 296,000 new jobs in May, 3% year-to-year real wage increases ...

Document Size:	5080
Author:	Doug Henwood
Date:	Sun Jun 7 14:15:12 PDT 1998

41088 Consumer debt crunch and division by two -- rank: 1000

Les Schaffer wrote: >Doug: > >on page 32 of the working paper by Kennickell and Woodburn you >mentioned on your web page, it says: > >"The consistent weights show a statistically significant increase in >the share of household net worth held by the wealthiest 1/2 percent of >households from 1992 to 1995, driven in large part by a rise in their >share of personal businesses. However, looking more broadly over time, >the standard error of the 1989 estimate is so ...

Document Size:	6360
Author:	Doug Henwood
Date:	Sun Jun 7 14:09:31 PDT 1998

41089 Organized Labor and Bilingual Education: Any Cooperation? -- rank: 1000

Yoshie Furuhashi wrote: >Were there any coordinated efforts between those who were fighting Prop 226 >(re: the use of union dues for political activities) and those who were >battling Prop 227 (re: bilingual education)? The People's Weekly World had a piece that quoted some union guy as saying that fighting 227 was at the core of labor's new political strategy. Unfortunately, I've thrown away that issue, so I can't provide more details. PWW also tends towards the optimistic, so I don't ...

Document Size:	5272
Author:	Doug Henwood
Date:	Sun Jun 7 13:56:24 PDT 1998

41090 We are all Keynesians now -- rank: 1000

Dennis R Redmond wrote: >But Japan's elites have spent close to $750 billion over the >past five years, in various mongo bailouts/tax cuts ("bribes" would be a >more accurate term, but we'll let that pass) to the business sector. But these expenditures were poorly targeted and not enough, so we shouldn't let that pass. They desperately need to socialize the financial system's losses so people can go back to borrowing & lending like normal postmodern capitaalists, just like ...

Document Size:	7359
Author:	Doug Henwood
Date:	Sun Jun 7 13:51:11 PDT 1998

41091 Consumer debt crunch and division by two -- rank: 1000

Shelvers at aol.com wrote: >Business Week (Jan 1, 1998, pg 34) has a small article entitled "The Poor Get >Deeper in Debt", which gives slight details on a study by Peter Yoo, an >economist at the Federal Reserve Bank of St. Louis. Oh yes, Yoo's full article is at <http://www.stls.frb.org/research/review/yoo.pdf>. Doug

Document Size:	5016
Author:	Doug Henwood
Date:	Sat Jun 6 10:56:09 PDT 1998

41092 Consumer debt crunch and division by two -- rank: 1000

Shelvers at aol.com wrote: >My question is this: Does anyone know how to obtain a copy of this Survey of >Consumer Finances or the data therein? My feeble research-surfing attempts >have failed. You can lots of info on the SCF from the Fed's web site, at <http://www.bog.frb.fed.us/pubs/oss/oss2/scfindex.html>. I think you can even get the data, but unless you're a data whiz, there's not much you can do with it. There are lots of working papers and things you can download from th ...

Document Size:	5465
Author:	Doug Henwood
Date:	Sat Jun 6 10:52:59 PDT 1998

41093 PEN-L -- rank: 1000

Michael Perelman asked me to explain to those of you who also subscribe to PEN-L that their server's down for the weekend. Doug

Document Size:	4392
Author:	Doug Henwood
Date:	Sat Jun 6 10:40:34 PDT 1998

41094 Dems, mass struggle and California politics (Re: Alterman and Rorty -- rank: 1000

Nathan Newman wrote: >Otherwise, we are left in the US with the unsatisfying strategic >maneuvering within the Democratic Party to make it as progressive as >possible. One unfortunate fact, despite everyone's claim that "this has >already been tried" is that there is no national organization in existence >fighting specifically to push the Dems to the left, no equivalent of the >conservative Democratic Leadership Council. Lots of organizations like >unions interve ...

Document Size:	6241
Author:	Doug Henwood
Date:	Sat Jun 6 10:39:33 PDT 1998

41095 religion -- rank: 1000

[Sorry, make that two bounces from Max; one was a dupe.] Date: Fri, 05 Jun 1998 10:06:10 -0400 From: "Max B. Sawicky" <maxsaw at cpcug.org> Reply-To: maxsaw at cpcug.org X-Mailer: Mozilla 4.03 [en] (Win95; I) MIME-Version: 1.0 To: lbo-talk at lists.panix.com Subject: Re: Religion and the left References: <Pine.SUN.3.91.980603114549.21264C-100000 at cio.cba.bgsu.edu> Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Kevin Quinn wrote: > On Wed, 3 ...

Document Size:	7738
Author:	Doug Henwood
Date:	Sat Jun 6 10:25:40 PDT 1998

41096 Sawicky bounces -- rank: 1000

The next three posts bounced to me because Max Sawicky seems to have changed his address, and posted these from the old one. Doug ---- Date: Thu, 04 Jun 1998 19:08:14 -0400 From: "Max B. Sawicky" <maxsaw at cpcug.org> Reply-To: maxsaw at cpcug.org X-Mailer: Mozilla 4.03 [en] (Win95; I) MIME-Version: 1.0 To: lbo-talk at lists.panix.com Subject: Re: Invention of the white race References: <792223f8.35743fd8 at aol.com> Content-Type: text/plain; charset=us-ascii Content-Transf ...

Document Size:	9638
Author:	Doug Henwood
Date:	Sat Jun 6 10:23:39 PDT 1998

41097 We are all Keynesians now -- rank: 1000

Rakesh Bhandari wrote: >Sometime this week there was a story in the WSJ about Krugman's >recommendation that Japan should print yen madly. What would the class or >distributional consequences be of the resultant inflation? Would such a >strike against deflation and reduction in real interest rates indeed yield >that elusive investment boom? The last thing Japan has to worry about now is inflation. Their latest CPI is -0.4% year on year (April), and the PPI is -2.7% and acceleratin ...

Document Size:	7623
Author:	Doug Henwood
Date:	Sat Jun 6 10:16:32 PDT 1998

41098 Teddy, Max, and Walter -- rank: 1000

Someone on the Spoons frankfurt-school list disagrees with Joel Kovel's account of Adorno & Horkheimer's editing of Benjamin: >X-Authentication-Warning: lists.village.Virginia.EDU: domo set sender to >owner-frankfurt-school at localhost using -f >Date: Fri, 05 Jun 1998 16:42:54 -0400 >From: "Warren S. Goldstein" <wsg1 at is6.nyu.edu> >MIME-Version: 1.0 >To: frankfurt-school at lists.village.Virginia.EDU >Subject: Re: Benjamin text >Sender: owner-frankf ...

Document Size:	6671
Author:	Doug Henwood
Date:	Fri Jun 5 16:40:35 PDT 1998

41099 Calif turnout? -- rank: 1000

Does anyone know what kind of voter turnout there was in California on Tuesday? Doug

Document Size:	4388
Author:	Doug Henwood
Date:	Fri Jun 5 16:38:11 PDT 1998

41100 Joel Kovel on the Frankfurt School -- rank: 1000

Louis Proyect wrote: >(Please excuse me if you've received this already on PEN-L or the Marxism >list. I am doing a little electioneering and want to make sure that I've >buttonholed everybody.) I'm a big fan of Joel Kovel's, so let me participate in the electioneering by bringing the ad up to the top, in the unlikely event that someone hasn't read to the end of Lou's report. >Showing his >willingness to put his beliefs on the line, Joel has agreed to run for >Senator against A ...

Document Size:	5565
Author:	Doug Henwood
Date:	Fri Jun 5 11:17:46 PDT 1998