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5086 [lbo-talk] Looking for statistics on Speculative versus Real Stock investment (?) -- rank: 1000

On Mar 23, 2009, at 3:09 PM, moose at riseup.net wrote: > So over the years I've heard from various secondhand sources the > "fact" > that the majority of all that volume traded on wall street is merely > speculative, rather than real wealth (i.e., wealth that is immediately > used to build capacity, buy machines, build factories, etc). I haven't updated my stats in a few years, but between 1970 and 2006, proceeds of initial public stock offerings totaled 2.3% of nonre ...

Document Size:	5939
Author:	Doug Henwood
Date:	Mon Mar 23 12:42:06 PDT 2009

5087 [lbo-talk] Geithner clarifies -- rank: 1000

On Mar 23, 2009, at 2:37 PM, B. wrote: > 40 years ago the US govt couldn't do anything remotely progressive > because "THIS IS AMERICA! NOT COMMUNIST RUSSIA!" > > Now it is because "We are not Sweden!"??? That is pretty pathetic, > seems like evidence of some sort of decline or something. And these are the "progressives"!

Document Size:	4970
Author:	Doug Henwood
Date:	Mon Mar 23 11:52:25 PDT 2009

5088 [lbo-talk] Is Obama Running Interference to ProtectBankers' Pay? -- rank: 1000

On Mar 23, 2009, at 2:30 PM, Miles Jackson wrote: > As demonstrated by the civil rights movement in the fifties, we > didn't need all the white people in the South to agree with > desegregation before that social change could occur; we needed a > social movement (supported by the minority of the population in the > South!) to make it happen. So you're with Carrol? Movements just happen, and there's nothing we can do to promote them? If so, I'm regretting not having sold out 20 y ...

Document Size:	5365
Author:	Doug Henwood
Date:	Mon Mar 23 11:36:06 PDT 2009

5089 [lbo-talk] Is Obama Running Interference to ProtectBankers' Pay? -- rank: 1000

On Mar 23, 2009, at 2:02 PM, Miles Jackson wrote: > Look at this from a practical point of view: what is important is > the social transformation that social movements can generate, not > the mental state of the people involved. --Thought experiment: > imagine that all the civil rights leaders in the 1950s were robots, > and they were programmed to do all the things they did. The social > results of the movement would have been the same, even though none > of the leaders w ...

Document Size:	5743
Author:	Doug Henwood
Date:	Mon Mar 23 11:13:46 PDT 2009

5090 [lbo-talk] My little cowtown radio show starts at 5 PM CST, 6 PM EST -- rank: 1000

On Mar 20, 2009, at 4:43 PM, B. wrote: > What I have learned is: Live radio is scarier than podcasting, which > is how I started. Podcasting, if I screwed up a band's song title, > etc., I would go back and re-record it. The way 95.9 FM have it set > up in Austin, it is live on-air. So if I screw up, it is archived > for all eternity. And I have screwed up. So I dunno how Doug does it. I've been doing it for more than 10 years. It was pretty scary at first - though my mind went t ...

Document Size:	5690
Author:	Doug Henwood
Date:	Mon Mar 23 10:46:57 PDT 2009

5091 [lbo-talk] Geithner Plan Mark II -- rank: 1000

On Mar 23, 2009, at 12:43 PM, John Gulick wrote: > Not that it would have made any difference in policy outcomes, > but in my cut-rate opinion, the liberal-progressive-left has focused > entirely too much on executive compensation and bonuses, and even > (to a much lesser degree) too much on good Sweden model versus > bad Japan model. I could be wrong but it seems to me there has been > scant attention paid to radically curbing bank liability-to-asset > ratios and > radic ...

Document Size:	6259
Author:	Doug Henwood
Date:	Mon Mar 23 09:57:00 PDT 2009

5092 [lbo-talk] Is Obama Running Interference to ProtectBankers' Pay? -- rank: 1000

On Mar 22, 2009, at 11:43 PM, Mike Beggs wrote: > It seems to me that people are arguing at cross-purposes here... the > Doss-Henwood position is that of course we make value-judgements all > the > time. But the Cox-Eubulides-Jackson argument is not so much about > value > judgements regarding states of affairs, but against 'moralising' in > the > sense of reducing these states of affairs to bad/evil/immoral > _individuals_. I can agree with this. We live in a society ...

Document Size:	5943
Author:	Doug Henwood
Date:	Mon Mar 23 08:49:24 PDT 2009

5093 [lbo-talk] Geithner clarifies -- rank: 1000

[Bloomberg headline] GEITHNER SAYS `WE ARE THE UNITED STATES,' `NOT SWEDEN'

Document Size:	4808
Author:	Doug Henwood
Date:	Mon Mar 23 08:45:34 PDT 2009

5094 [lbo-talk] Chossudovsky: "2010 budget will entail the most drastic curtailment in public spending in American history" -- rank: 1000

On Mar 23, 2009, at 9:19 AM, double bluff wrote: > from a "Guns and Butter" interview with economist and author, > Michel Chossudovsky on KPFA (Berkeley, CA USA; March 2, 2009) > > For access, see the note at the bottom. > > ============ ========= ========= ====== > Synopsis: > ============ ========= ========= ====== > > The administration' s 2010 budget will entail the most drastic > curtailment in public spending in American history, leading to > s ...

Document Size:	6406
Author:	Doug Henwood
Date:	Mon Mar 23 08:39:07 PDT 2009

5095 [lbo-talk] Geithner Plan Mark II -- rank: 1000

On Mar 23, 2009, at 10:01 AM, John Gulick wrote: > No comments on Geithner Plan Mark II? It's awful. Heads I win, tails you lose for the hedge fund/private equity guys. Squat for the public. And Summers just said that he can't wait to get the public sector out of the markets. These guys are living in the past. Doug

Document Size:	4816
Author:	Doug Henwood
Date:	Mon Mar 23 08:31:27 PDT 2009

5096 [lbo-talk] Is Obama Running Interference to ProtectBankers' Pay? -- rank: 1000

On Mar 23, 2009, at 12:07 AM, Miles Jackson wrote: > From this perspective, speculations about the morals of people > supporting or resisting social change are irrelevant. We know that > moral systems will shift when historical transformations occur, so > the important thing is political action to transform society. The > moral beliefs that justify and reinforce the new social conditions > will follow. So why bother with trying to change things according to a set of principl ...

Document Size:	5514
Author:	Doug Henwood
Date:	Sun Mar 22 20:36:38 PDT 2009

5097 [lbo-talk] idiotic asshole of the day -- rank: 1000

From: "Lauren Searl" <Lauren at keybridge.biz> Date: March 22, 2009 10:17:35 PM EDT To: dhenwood at panix.com Subject: Did the Canadian healthcare system contribute to Natasha Richardson's death? Reply-To: "lauren Searl" <Lauren at keybridge.biz> Hi Doug, With the sudden, tragic death of actress Natasha Richardson, now many are questioning whether a medical helicopter could have saved her life. AP http://www.google.com/hostednews/ap/article/ALeqM5hcohqsUsBHiy1_ ...

Document Size:	6016
Author:	Doug Henwood
Date:	Sun Mar 22 19:19:26 PDT 2009

5098 [lbo-talk] Is Obama Running Interference to ProtectBankers' Pay? -- rank: 1000

On Mar 22, 2009, at 10:08 PM, Eubulides wrote: > No, it's everyone's problem/issue and there needs to be more > discussion regarding whether deploying concepts historically > identified as *moral discourse* are effective tools of persuasion in > helping people deal with creating viable alternatives to the ongoing > *tragedy* of contemporary capitalism. Tragedy is a literary/aesthetic category. How dare you? We should be scientific. No, it's not science exactly, but it's something ...

Document Size:	5445
Author:	Doug Henwood
Date:	Sun Mar 22 19:18:21 PDT 2009

5099 [lbo-talk] US 2009 = USSR 1990 -- rank: 1000

On Mar 22, 2009, at 9:13 PM, dredmond at efn.org wrote: > Here's the deal: Asiazilla, Bearzilla, and Eurozilla are > ready and willing to finance a bailout. Dennis, Russia's economy is in recession. Ditto the EU. Much of Asia as well. You seem to think that the U.S. is the only one in trouble. Doug

Document Size:	4933
Author:	Doug Henwood
Date:	Sun Mar 22 18:23:38 PDT 2009

5100 [lbo-talk] Is Obama Running Interference to Protect Bankers' Pay? -- rank: 1000

On Mar 22, 2009, at 8:15 PM, Carrol Cox wrote: > Is there some asshole on the list still under the idiotic impression > that the only basis for condemnatio is moral? Really, why do you have to be such a prick?

Document Size:	5038
Author:	Doug Henwood
Date:	Sun Mar 22 18:17:50 PDT 2009