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5176 [lbo-talk] it's over - now the destruction really begins -- rank: 1000

On Mar 10, 2009, at 2:37 PM, Patrick Bond wrote: > I agree with you. But the most severe ever, as far as I know, was in > Venezuela in early 1989, in which more than 700 rioters from the > barrios were killed. The incident radicalised a certain young army > officer. Let's hope there's more of that ahead of us.

Document Size:	5083
Author:	Doug Henwood
Date:	Tue Mar 10 11:47:50 PDT 2009

5177 [lbo-talk] Roubini's unemployment call now up to "well above 10 percent into next year" -- rank: 1000

On Mar 10, 2009, at 1:25 PM, SA wrote: > "We are in the 15th month of a recession," said Nouriel Roubini, a > professor at New York University's Stern School of Business, told > CNBC in a live interview. "Growth is going to be close to zero..." See, he's still an optimist! > [I recall some talk about his previous 9% call being not so bad.] I believe that was me, among others. A 9% unemployment rate is nasty, but it's not consistent with the intense gloom associ ...

Document Size:	5969
Author:	Doug Henwood
Date:	Tue Mar 10 11:06:41 PDT 2009

5178 [lbo-talk] it's over - now the destruction really begins -- rank: 1000

On Mar 10, 2009, at 10:53 AM, Wojtek Sokolowski wrote: > Where did you get that from? Have you actually read anything I've > written on this? > > [WS:] From: > To the ruling class, > riots are just the downtrodden blowing off steam. The cops can take > care of them. If they lead to systemic instability, or worse, > revolution, that's another thing. But riots come and go. > > Doug > > > I dot think that fascist movements that sprung in the aftermath of > ...

Document Size:	5768
Author:	Doug Henwood
Date:	Tue Mar 10 08:45:03 PDT 2009

5179 [lbo-talk] the hidden underside of the right -- rank: 1000

http://doughenwood.wordpress.com/2009/03/10/the-anguish-of-the-right-wing-intellectual/ The anguish of the right-wing intellectual A few postscripts to yesterday s post about the intellectual devolution on the right. I should have noted that several conservative intellectuals have expressed some anguish about the situation. For example, David Frum (is he an intellectual? for these purposes, I suppose so) filed a cri de coeur ( Why Rush is Wrong ) with Newsweek, of all places, expressing wor ...

Document Size:	5650
Author:	Doug Henwood
Date:	Tue Mar 10 08:42:45 PDT 2009

5180 [lbo-talk] it's over - now the destruction really begins -- rank: 1000

On Mar 10, 2009, at 8:01 AM, Wojtek Sokolowski wrote: > I think cde. Henwood may be too optimistic claiming that this is > business as usual and the current crisis being a mountain giving > birth to a mouse. Where did you get that from? Have you actually read anything I've written on this? Doug

Document Size:	5057
Author:	Doug Henwood
Date:	Tue Mar 10 07:31:34 PDT 2009

5181 [lbo-talk] it's over - now the destruction really begins -- rank: 1000

This conversation made me look up the economic stats to see how the major powers fared during the 1930s. Here are the changes in GDP (total, not annualized) for some major players, from the 1929 peak to the crash low followed by the recovery/expansion into 1939: Germany Italy Japan UK US 1929 to low -23.5% -3.1% -7.3% -5.8% -28.5% year of low 1932 1933 1930 1931 1933 low to 1939 +79.1% +27.3% +71.5% +26.9% +43.2% So, t ...

Document Size:	5562
Author:	Doug Henwood
Date:	Tue Mar 10 07:29:50 PDT 2009

5182 [lbo-talk] something's changing re: Israel -- rank: 1000

[Pointed to by Lou Proyect on Marxmail. If Cohen's saying this stuff, something's changing in elite U.S. attitudes towards Israel.] <http://www.nybooks.com/articles/22495> Volume 56, Number 5 · March 26, 2009 'Eyeless in Gaza': An Exchange By David A. Harris, Reply by Roger Cohen In response to Eyeless in Gaza (February 12, 2009) To the Editors: Roger Cohen is morally anguished by recent events in Gaza and in Israel ["Eyeless in Gaza," NYR, February 12]. So am I. The bulk of hi ...

Document Size:	13641
Author:	Doug Henwood
Date:	Mon Mar 9 18:16:40 PDT 2009

5183 [lbo-talk] Goldman: a road map to stabilization -- rank: 1000

[GOLDMAN SACHS ECONOMICS Daily U.S. commentary] A Road Map to Stabilization in the US Economy (Ed McKelvey) · Our US economic outlook calls for stabilization in real GDP by about mid-year. Today's comment provides a "road map" for key indicators to help gauge whether this stabilization is in fact occurring. · In the area of consumer spending, we look for (1) an end to the drop in vehicle sales, with the sales rate hopefully, but not necessarily, slightly above February's 9.1-millio ...

Document Size:	7269
Author:	Doug Henwood
Date:	Mon Mar 9 18:04:44 PDT 2009

5184 [lbo-talk] the right's devolution -- rank: 1000

On Mar 9, 2009, at 5:08 PM, SA wrote: > The thing about that Kristol quote is that Kristol himself solved > that problem in the 1970's to a great extent. I think the quote is > meant to express frustration with an older style of conservatism > that he himself helped to supplant. But he said it in 2000. I think he's disappointed by what he had a big hand in creating - a hegemonic conservatism. The moral view of laissez faire got replaced by businesspeople gunning for the maximum buc ...

Document Size:	5090
Author:	Doug Henwood
Date:	Mon Mar 9 14:23:38 PDT 2009

5185 [lbo-talk] uh-oh -- rank: 1000

Christina Romer, chair of Obama's CEA, earlier today: "I think people are perhaps seeing some light at the end of the tunnel." <http://ehistory.osu.edu/vietnam/books/aiv/0028.cfm> In November [1967], as their plans gelled, General Westmoreland embarked on a whirlwind tour of the U.S. to testify before Congress and drum up support for the Johnson Administration. "With 1968," he said, speaking before the National Press Club in Washington, "a new phase is startin ...

Document Size:	5291
Author:	Doug Henwood
Date:	Mon Mar 9 13:35:11 PDT 2009

5186 [lbo-talk] the right's devolution -- rank: 1000

On Mar 9, 2009, at 4:21 PM, SA wrote: > Speaking of braindead right-wingers, Jonah Goldberg once actually > said something that was pretty plausible on this score. He said > conservatives all have a common corpus of Great Classic Works of > conservative political philosophy, like the ones you mention above, > whereas liberals or "progressives" have nothing like that. Who is > the great thinker of American liberalism? I mean that contemporary > liberals actually rec ...

Document Size:	5590
Author:	Doug Henwood
Date:	Mon Mar 9 13:30:50 PDT 2009

5187 [lbo-talk] the right's devolution -- rank: 1000

<http://doughenwood.wordpress.com/2009/03/09/the-rights-intellectual-devolution/ > The right s intellectual devolution I ve been reading the accounts of the 14-year-old conservative Wunderkind, Jonathan Krohn, who wowed them at last week s Conservative Political Action Conference in DC. Krohn s speech, which consisted of little more than asserting that conservatism was a principle-based ideology that s all about protecting The People, would have been unremarkable had it been delivered ...

Document Size:	5357
Author:	Doug Henwood
Date:	Mon Mar 9 12:49:50 PDT 2009

5188 [lbo-talk] ethnography of wall street -- rank: 1000

On Mar 9, 2009, at 2:30 PM, Sean Andrews wrote: > [reminds me of a Behind the News guest from last year, something about > The Pits. -s] > > http://www.startribune.com/templates/Print_This_Story?sid=40863002 You're probably thinking of Caitlin Zaloom <http://www.nyu.edu/gsas/dept/amerstu/zaloom.html>. Her book is Out of the Pits. My interview with her was a little longer ago than last year: <http://www.leftbusinessobserver.com/Radio.html#061109>. Doug

Document Size:	5264
Author:	Doug Henwood
Date:	Mon Mar 9 11:46:00 PDT 2009

5189 [lbo-talk] it's over - now the destruction really begins -- rank: 1000

On Mar 9, 2009, at 2:07 PM, Carrol Cox wrote: > And neither she nor you have ever given this failure of an aphorism > any > concrete content. It merely provides an excuse for crude > simplification > under the heading of being super-sopohisticated. It means don't think you've got everything figured out, smarty-pants. Of course, you personally have everything figured out, so it doesn't apply to you. Otherwise, I might think you're just a prick. Doug

Document Size:	5244
Author:	Doug Henwood
Date:	Mon Mar 9 11:14:04 PDT 2009

5190 [lbo-talk] David Frum rants -- rank: 1000

[excerpt from a rant by David Frum, who is being denounced as not a real conservative by real conservatives] <http://www.newsweek.com/id/188279> Here's the duel that Obama and Limbaugh are jointly arranging: On the one side, the president of the United States: soft-spoken and conciliatory, never angry, always invoking the recession and its victims. This president invokes the language of "responsibility," and in his own life seems to epitomize that ideal: He is physically hone ...

Document Size:	5823
Author:	Doug Henwood
Date:	Mon Mar 9 10:06:35 PDT 2009