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41626 Bell Atlantic -- rank: 1000

Maggie (or anyone else) - today's New York Times describes the Bell Atlantic contract as a great labor victory. Is this true? Doug

Document Size:	4483
Author:	Doug Henwood
Date:	Wed Aug 12 08:38:02 PDT 1998

41627 stox -- and the probability of resistance -- rank: 1000

Carl Remick wrote: >Re "one thing about the stock market crashing -- it would spell a death >knell to >privatization of social security." > >That's what I surmised the other day, but Doug said the always wily >establishment would force privatization on through to pump the market up >again. I have no doubt about the wiles of the powers that be, but I >think this would an impossibly tricky maneuver to pull off in the face >of a great panic -- which indeed just ...

Document Size:	5288
Author:	Doug Henwood
Date:	Tue Aug 11 21:41:09 PDT 1998

41628 buy signal? -- rank: 1000

Well, just after I typed the post saying that no reporters have called me about the stock selloff - calls I usually take as a buy signal - I got two calls. Adjust your trading strategies accordingly. Doug

Document Size:	4545
Author:	Doug Henwood
Date:	Tue Aug 11 21:39:35 PDT 1998

41629 stox -- and the probability of resistance -- rank: 1000

Carrol Cox wrote: >Query: Suppose the great mother of all stock crashes occurs - here, >Asia, Russia, Everywhere. The ruling class would still own all the means >of production, still control the state? Why should they be nervous? In the U.S., the stock market has been a great prop to market ideology. If it failed, the credibility of capitalism would take a blow. Not a death blow, for sure, but with some 20-30% of U.S. households into the stock market for the first time ever over the las ...

Document Size:	6217
Author:	Doug Henwood
Date:	Tue Aug 11 15:41:44 PDT 1998

41630 American assholes -- rank: 1000

Gar W. Lipow quoted from the LA Times: > [All caps added by me] RESCUE EFFORTS, CONDUCTED SEVERAL YARDS APART, >HAVE BEEN SEPARATED BY ARMED U.S. SOLDIERS. KENYAN POLICE HAVE NOT >BEEN ALLOWED TO SET FOOT ON EMBASSY PROPERTY. MANY OF THE EMBASSY'S >INJURED WERE FLOWN TO HOSPITALS IN SOUTH AFRICA, THE BEST ON THE >CONTINENT, WHILE ORDINARY KENYANS COMPETED FOR BEEDS IN CROWDED >NAIROBI HOSPITALS. FINANCIAL TIMES - MONDAY AUGUST 10 1998 KENYA: Rescue teams turn on US marines By M ...

Document Size:	9102
Author:	Doug Henwood
Date:	Tue Aug 11 13:41:55 PDT 1998

41631 microcredit -- rank: 1000

MScoleman at aol.com wrote: >1. By its very definition, 'micro' credit means that the Grameen bank (and >other similar institutions) have gendered the definition of how much money >women are capable of handling. Generally very small businesses never grow >into large businesses, so this is a way of isolating women into low capital, >small return businesses. > >2. I fail to see the difference between many of the businesses started with >micro loans and piece-rate-in-the- ...

Document Size:	9083
Author:	Doug Henwood
Date:	Tue Aug 11 13:30:50 PDT 1998

41632 stox -- rank: 1000

Michael Perelman wrote: >I just got a note from an intern at Goldman Sachs, asking me about the history >of deflation. Is that an indicator of something? That interns of GS are smart! There's a sizeable band of deflationists on Wall Street, though. Doug

Document Size:	4500
Author:	Doug Henwood
Date:	Tue Aug 11 12:46:30 PDT 1998

41633 stox -- rank: 1000

Jordan Hayes wrote: >Doug Henwood wrote: > >> I think the great U.S. bull market, which >> will celebrate its 16th birthday this Thursday, may well >> be on its last legs. > >Using my incredibly accurate sentiment indicator (DHBI - Doug >Henwood Bearishness Index), I'm long the market with both hands. Jordan, I haven't said anything terribly bearish since I learned my lesson after 1987. In fact, I've been very careful not to. I didn't panic during last October's ...

Document Size:	6080
Author:	Doug Henwood
Date:	Tue Aug 11 11:28:01 PDT 1998

41634 microcredit -- rank: 1000

Interesting news on the Grameen Bank front. The bank's founder, Muhammad Yunus, has reversed an extremely unpopular decision to cut a deal with Monsanto; the idea would have been to use microloans to women to buy ag chemicals. Gina Neff's articles on microcredit in LBO <http://www.panix.com/~dhenwood/Micro.html> attracted more nasty mail than anything LBO has published; the only thing that came close was my critique of the Melman thesis on the destructiveness of military spending. Nice to ...

Document Size:	8723
Author:	Doug Henwood
Date:	Tue Aug 11 11:12:45 PDT 1998

41635 stox -- rank: 1000

As I type this, 1:45 pm NYC time, the Dow is off 237 points, with a tick of -938. (The tick is the the number of stocks trading at a price higher than the previous price less the number trading at a price lower than the previous - i.e., the difference between upticks and downticks. -938 is a big negative number.) The proximate cause of the selloff can be gleaned from the following headlines, just grabbed from the Wall Street Journal's web site: >The Dow industrials tumbled more than 200 point ...

Document Size:	6602
Author:	Doug Henwood
Date:	Tue Aug 11 10:51:49 PDT 1998

41636 Chaos theory and economics. -- rank: 1000

Rosser Jr, John Barkley wrote: > Guess that depends on "what we knew before." There is >a lot of disagreement about that. Did "we know" about the >butterfly effect? "We" certainly knew (or should have >known, although lots of people pretended to forget) that >markets can change very suddenly and have a lot of local >instability. Chaos theory tells us that this local >instability is endogenous, not just the result of exogenous >shocks ...

Document Size:	5515
Author:	Doug Henwood
Date:	Mon Aug 10 17:15:07 PDT 1998

41637 Debord selling beer -- rank: 1000

>From the Cult Stud list. What might not be apparent at first glance is that this is the Dos Equiis site. >From: <ricardox at ix.netcom.com> >X-Sender: ricardox at popd.netcruiser (Unverified) >Mime-Version: 1.0 >Date: Mon, 10 Aug 1998 16:06:29 -0800 >To: cultstud-l at nosferatu.cas.usf.edu >Subject: Doble Crossed >Sender: owner-cultstud-l at nosferatu.cas.usf.edu >Precedence: bulk >Reply-To: cultstud-l at nosferatu.cas.usf.edu > >Regarding the appropri ...

Document Size:	5593
Author:	Doug Henwood
Date:	Mon Aug 10 17:10:33 PDT 1998

41638 Soft privatization -- rank: 1000

Max Sawicky wrote: >We're already got budget surpluses. >We're there. We don't have to wait. >Unfortunately, politicians in both >parties are in the process of redefining >deficits so that we will "have" them again. Well those surpluses are more than all the result of Soc Sec surpluses, which are supposed to be some preposterous kind of national piggy bank. The operating budget isn't going to go into the black until 2004 or so, right? Balancing the budget seems to have ...

Document Size:	5281
Author:	Doug Henwood
Date:	Mon Aug 10 13:30:32 PDT 1998

41639 Japanese electronics found to pollute groundwater -- rank: 1000

>Date: Mon, 10 Aug 1998 10:12:57 -0700 (PDT) >From: "Camp. for Responsible Technology" <svtc at igc.apc.org> >Mime-Version: 1.0 >Precedence: bulk >Sender: owner-crt-list at igc.org >Subject: Japanese electronics found to pollute groundwater >To: crt-list at igc.org >X-Sender: svtc at pop.igc.org > >The problem with groundwater pollution and the electronics industry is not >limited to the United States as reported in the July 25 issue of The >Ec ...

Document Size:	13696
Author:	Doug Henwood
Date:	Mon Aug 10 13:21:00 PDT 1998

41640 Chaos theory and economics. -- rank: 1000

Rosser Jr, John Barkley wrote: > 1) Leading candidates for true chaotic dynamics in >economics are financial markets, and certain micro markets, >especially such things as fisheries and ag commodities >where there are lags (leading to cobwebs). > 2) Linear plus noise is not much of a competito for >financial markets in particular. The only way to salvage >that dead horse at this point is to throw in switching >regimes, that is to posit periodic discontinuous shifts of ...

Document Size:	5229
Author:	Doug Henwood
Date:	Mon Aug 10 13:19:30 PDT 1998