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41101 We are all Keynesians now -- rank: 1000

michael wrote: >By the way, Reagan was perhaps the most Keynesian president we have ever had. Supply siders would have your head for this! They said that their tax cuts were supposed to alter incentives, not pump up aggregate demand. Of course, it did pump up aggregate demand, and tax changes don't really seem to have much effect on economic behavior, but still, in the interests of doctrinal purity, the essential distinctions must be preserved! Doug

Document Size:	4872
Author:	Doug Henwood
Date:	Fri Jun 5 11:15:44 PDT 1998

41102 Questions -- rank: 1000

Jordan Hayes wrote: >Apparently not everyone was going for the "sure thing" since >it was undersubscribed; a decent showing (good enuf to be called >a 'moderate success' ...?), but certainly no slam-dunk. Hmm, yesterday's FT described the new Russian bond as "popular with investors" - so popular that they sold older Russian bonds to buy into the new one. The offering apparently took everyone by surprise. The offering was lead managed by the US Treasury, I mean, Goldm ...

Document Size:	5054
Author:	Doug Henwood
Date:	Fri Jun 5 09:03:00 PDT 1998

41103 Calif. election & bilingual education -- rank: 1000

Rakesh Bhandari wrote: >There are severe class divisions among Indo Americans; you'll find quite a >few medical doctors and senior engineers who have all the prejudices of >their class (among whom I count my Silicon Valley parents); they don't >fraternize at all with the South Asian motel owners and, even more so, the >cabbie wage laborers. And if they employ other South Asians to work in >their restaurants or in their homes, the elite Indians are capable of >degrading thei ...

Document Size:	6015
Author:	Doug Henwood
Date:	Fri Jun 5 08:29:03 PDT 1998

41104 Questions -- rank: 1000

Peter Kilander wrote: >Even though the Russian Bond sale went well 650 basis points over U.S. Treasuries for the Eurobond issue, twice the premium on their last issue - and with an implied IMF guarantee! Who could resist? Doug

Document Size:	4547
Author:	Doug Henwood
Date:	Fri Jun 5 07:59:48 PDT 1998

41105 Calif. election & bilingual education -- rank: 1000

Rakesh Bhandari wrote: >In >third grade, I was sentenced in humiliating fashion to a remedial class due >to my accent and supposed cursive problems along with problem white kids >and "other" Mexican kids--this was before the myth of the Asian model >minority had been invented. Do Indians qualify as model Asians? I thought the "model minority" was mainly about East Asians, and that South Asians were often regarded as little better than Africans. The taxi battle ...

Document Size:	5386
Author:	Doug Henwood
Date:	Fri Jun 5 07:41:29 PDT 1998

41106 each year 11m Third World children under age 5 die* -- rank: 1000

Les Schaffer wrote: >how exactly does this happen? if the IMF comes in and pumps a ton of >money into the system, i take it that the IMF then imposes a specific >payback schedule on the loans. when they pump money into a place like >mozambique, does the economy GROW by some significant fraction that in >'theory' ('practice') should (does) allow mozambique to cover the debt >without diggin into other pockets, or are the IMF debt schedules >CLEARLY SET UP in such a way that th ...

Document Size:	8045
Author:	Doug Henwood
Date:	Thu Jun 4 09:13:25 PDT 1998

41107 Make the Connections -- rank: 1000

hoov wrote: >my bad, above (with reply) was supposed to go to Frances...I accidentally >hit the send button...what to do in such instances Doug?...ignore >mistake, send short clarification/apology...please advise, Michael H Say three Hail Marys and an Act of Contrition and resolve never to do it again. Clarification/apology is probably best, so people know something of general interest wasn't mangled in the missend. Doug

Document Size:	4820
Author:	Doug Henwood
Date:	Thu Jun 4 08:50:55 PDT 1998

41108 suggestion -- rank: 1000

Jim Lane wrote: >or you could also configure this list so as to allow people to subscribe >in "digest" form. that's an option some lists have whereby you get >an entire day's traffic as 1 e-mail. >just thought i add that in case i'm the only computer nerd in the group. There is a digest option. For details, send the message "intro lbo-talk" to <majordomo at panix.com>.

Document Size:	4807
Author:	Doug Henwood
Date:	Thu Jun 4 08:47:55 PDT 1998

41109 But what does the Left have to say? -- rank: 1000

Dennis R Redmond wrote: >The Frankfurt School did. Adorno pointed out as early as the Fifties that >the East was but the pale ontological shadow of the West, right down to >hideous industrialism and exchange-value-mad elites lording it over their >serf-workers. One set worshipped at the altar of Diamat, the other at >Daimler-Benz, but the content was drearily similar. > >Heiner Mueller, the late, great, magnificent, epoch-shattering East German >playwright, also predicted ...

Document Size:	5605
Author:	Doug Henwood
Date:	Thu Jun 4 08:35:58 PDT 1998

41110 progress in economics (cont.) -- rank: 1000

Who says "Marxists" can be as silly as neoclassicals? Doug ---- "A Note on the Transfer of Power from Parties to Candidates" BY: JOHN E. ROEMER University of California at Davis Paper ID: UC Davis Working Paper #97-23 Date: September 1997 Contact: Donna Wills Raymond E-Mail: MAILTO:dwraymond at ucdavis.edu Postal: University of California at Davis, Department of Economics, One Shields Drive, Davis, California 95616-8578 USA Phone: (916) 752-9240 Fax: (916) 75 ...

Document Size:	7003
Author:	Doug Henwood
Date:	Thu Jun 4 08:22:28 PDT 1998

41111 a week's postings -- rank: 1000

Ok, folks, here's some quick & dirty accounting for the seven days ending Tuesday. Columns show number of posts, percent of total posts, kilobytes and percent of total kilobytes, and daily averages for posts and kilobytes. Note the totals - over the last week, we've averaged 76 posts a day and 199K. For lots of folks, this is just too much traffic. Please exercise some self-restraint. Otherwise I might have to pick up a whip & become a list disciplinarian. Doug POSTINGS TO LBO TALK, MAY ...

Document Size:	10696
Author:	Doug Henwood
Date:	Wed Jun 3 11:39:08 PDT 1998

41112 Taken for Granted or Left Out (To Katha Pollitt) -- rank: 1000

Yoshie Furuhashi wrote: >But they normally don't show up for demonstrations and other kinds of >actions, do they? Certainly not here in Columbus. > >I'm not against the 'let's talk to them' line of argument, in so far as >those who propose it actually practice it and bring them to OUR side. > >Yoshie > >P.S. Sorry for a two-liner here, but I'm truly pissed off. No, they don't show up for demos. Lefties, though, seem to know next to nothing about the ideology or sociolo ...

Document Size:	5696
Author:	Doug Henwood
Date:	Wed Jun 3 10:01:34 PDT 1998

41113 Tobin tax etc. -- rank: 1000

Rakesh Bhandari wrote: >Many of us read Doug to make sense of the dizzying world of capital >movements, an example of which below is what the Tobin Tax (I suppose) is >meant to curb. Here is an interesting excerpt from Capital Cannibalism, >Currency Chaos and the IMF (ranjit sau, economic and political weekly >3/7/98): > >Hedging a foreign investment can in effect erase cross border capital >flows. to illustrate, suppose and American pernsion funds buys one million >do ...

Document Size:	6654
Author:	Doug Henwood
Date:	Wed Jun 3 09:49:45 PDT 1998

41114 Taken for Granted or Left Out (To Katha Pollitt) -- rank: 1000

Yoshie Furuhashi wrote: >They are very >very welcome as long as they oppose American Imperialism. Go ahead. Make my >day. Actually, a good bit of the libertarian right - noncorporate libertarian, that is - is highly anti-imperialist. They believe that the U.S. empire undermined all the pre-imperial democratic traditions (overlooking the fact that in those halcyon days, only white guys could vote and own property). One of the strongest denunciations of the Gulf War I read came from Lou R ...

Document Size:	5345
Author:	Doug Henwood
Date:	Wed Jun 3 09:37:18 PDT 1998

41115 List volume; one-liners -- rank: 1000

Louis Proyect wrote: >More bytes = more costs for >Doug. It also equals a lot of superfluous verbiage. I'm going to post some housekeeping notes later today - I've figured out a way to kludge a posting count using Excel - but Lou's right on this. One liners that quote a 10k posting are extremely irritating. Remember too that lots of people, especially outside the U.S., have to pay for their access by the minute. Another thing: please don't attach any files to list postings. If you have som ...

Document Size:	5037
Author:	Doug Henwood
Date:	Wed Jun 3 09:09:28 PDT 1998