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5686 [lbo-talk] devolution -- rank: 1000

Bad news...this is just pissing the money away. > NEWS ALERT > from The Wall Street Journal > > > Jan. 4, 2009 > > President-elect Barack Obama and congressional Democrats are > crafting a plan to offer as much as $310 billion in tax cuts to > individuals and businesses, a move aimed at attracting Republican > support for an economic-stimulus package and prodding companies to > create jobs. > > The size of the proposed tax cuts -- which would account for ab ...

Document Size:	5528
Author:	Doug Henwood
Date:	Sun Jan 4 17:46:09 PST 2009

5687 [lbo-talk] End Game in Gaza? -- rank: 1000

On Jan 4, 2009, at 5:57 PM, Shane Taylor wrote: > Again, Sara Roy (with Augustus Richard Norton): > > <http://bostonuniversity.blogspot.com/2009/01/end-game-in-gaza-war.html > > Sara Roy will be on my radio show this Thursday. Doug

Document Size:	4813
Author:	Doug Henwood
Date:	Sun Jan 4 15:02:33 PST 2009

5688 [lbo-talk] Gaza -- rank: 1000

On Jan 4, 2009, at 4:10 PM, Chuck Grimes wrote: > Can anybody post links to news stories coming from inside Gaza? http://twitter.com/arnnr http://www.maannews.net/en/index.php

Document Size:	4596
Author:	Doug Henwood
Date:	Sun Jan 4 13:38:50 PST 2009

5689 [lbo-talk] Lynndie England -- rank: 1000

Guardian (London) - January 3, 2009 <http://www.guardian.co.uk/world/2009/jan/03/abu-ghraib-lynndie-england-interview > 'What happens in war happens' In 2004, photographs of abuses at Abu Ghraib shocked the world. Seven people were charged, but the face of the scandal will always be Lynndie England, the 21-year-old private grinning at the camera. Emma Brockes meets her Emma Brockes The road to Fort Ashby, West Virginia, runs through Mineral County, an area of freezing grey farmland and ...

Document Size:	25040
Author:	Doug Henwood
Date:	Sat Jan 3 18:17:21 PST 2009

5690 [lbo-talk] NYC on the government teat -- rank: 1000

On Jan 3, 2009, at 7:57 PM, James Heartfield wrote: > well, let's be realistic, there is going to be some considerable > contraction of the economy ('real' or otherwise). What's more, > financial services are going to contract, too. Of course. The recession is already deep and it's not over yet. And the finance boom is more than over. > The bailout just delays the inevitable, and at some cost. Better to > expose the banks to the full cost of their errors to force them to > ref ...

Document Size:	6950
Author:	Doug Henwood
Date:	Sat Jan 3 17:16:09 PST 2009

5691 [lbo-talk] NYC on the government teat (was credit crunch) -- rank: 1000

On Jan 3, 2009, at 7:55 AM, James Heartfield wrote: > Is it to bank-roll these failing, NY-based banks. Surely it would be > much better to let them go to the wall. Do you think that letting them "go to the wall" would have no effect on the real economy? > Doug was very critical of the purportedly over-subsidised denizens > of Alaska. So why subsidise New York? Was it all those years in Trotskyist party politics that taught you to distort people's arguments? I have no pro ...

Document Size:	5651
Author:	Doug Henwood
Date:	Sat Jan 3 13:39:04 PST 2009

5692 [lbo-talk] more WBAI gossip -- rank: 1000

I mentioned the other day that the management of WBAI hates board member Steve Brown. Brown made a lot of money in shlocky TV ads and direct mail. But he's got pretty good politics, and is very skilled at fundraising. Management has repeatedly spurned and/or ignored Brown's offer to pay for and design ads in the Nation and other progressive periodicals that could raise the insolvent station many scores of thousands of dollars. On December 22, program director Bernard White, who's also host ...

Document Size:	5502
Author:	Doug Henwood
Date:	Sat Jan 3 12:38:10 PST 2009

5693 [lbo-talk] credit crunch -- rank: 1000

On Jan 3, 2009, at 10:45 AM, Carrol Cox wrote: > Doug Henwood wrote: >> >> <http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1297337> >> >> [Chari, Chistiano and Kehoe (2008), cited in the quoted passage, is >> the Minneapolis Fed paper] >> >> Bank Lending During the Financial Crisis of 2008 > > An interesting summary of observed factual material, but it would be > more interesting to see some serious attempt to analyze the meaning of ...

Document Size:	5261
Author:	Doug Henwood
Date:	Sat Jan 3 11:42:10 PST 2009

5694 [lbo-talk] credit crunch -- rank: 1000

On Jan 3, 2009, at 6:38 AM, Julio Huato wrote: > I don't have access to NBER papers from my home computer, but after > reading the CCK paper, I'm mystified by their argument that spreads > shouldn't be taken as evidence of credit tightening during a crisis > *because of* the flight to quality. Hence, you should look at levels. No kidding. These guys look pretty right-wing, no? Is it some sort of weird compulsive anti-Keynesianism? Doug

Document Size:	4892
Author:	Doug Henwood
Date:	Sat Jan 3 10:59:40 PST 2009

5695 [lbo-talk] credit crunch -- rank: 1000

<http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1297337> [Chari, Chistiano and Kehoe (2008), cited in the quoted passage, is the Minneapolis Fed paper] Bank Lending During the Financial Crisis of 2008 Victoria Ivashina Harvard Business School David S. Scharfstein Harvard Business School; National Bureau of Economic Research (NBER) December 15, 2008 Abstract: This paper documents that new loans to large borrowers fell by 37% during the peak period of the financial crisis (September-No ...

Document Size:	7144
Author:	Doug Henwood
Date:	Fri Jan 2 18:31:55 PST 2009

5696 [lbo-talk] Krugman on the 40 year arc of the Repugnican Party -- rank: 1000

On Jan 2, 2009, at 3:12 PM, Michael Smith wrote: > Would it be fair to say that at best, they will press the attack > slightly less energetically? We'll see, but I don't get how that would be compatible with a huge stimulus and job creation program. You could argue that the Ds are better imperialists than the Rs, but it's hard to argue that they're as good at income polarization. The Rs are great for disinflation and the bond market. When W took office, the 10-year T-bond was yielding ...

Document Size:	5339
Author:	Doug Henwood
Date:	Fri Jan 2 18:12:16 PST 2009

5697 [lbo-talk] Krugman on the 40 year arc of the Repugnican Party -- rank: 1000

On Jan 2, 2009, at 3:42 PM, Michael Smith wrote: > Doug's point (I think) was a more specific one about > living standards and inequality, which *can* be quantified, > at least up to a point. Check out Bartels' stats on income growth by quintile and the gini. I was surprised, actually - I thought the Dems were worse than they have been. Doug

Document Size:	5136
Author:	Doug Henwood
Date:	Fri Jan 2 17:58:27 PST 2009

5698 [lbo-talk] Credit crunch a myth? -- rank: 1000

On Jan 1, 2009, at 11:08 PM, Joseph Catron wrote: > In practice, of course, it's better to actively pursue the interests > of > one's own class, rather than to passively divine them through the > preferences of others. Sounds like excellent advice to me. > "Hige sceal že heardra, heorte že cenre, mod sceal že mare, že ure > męgen > lytlaš." Eh?

Document Size:	4962
Author:	Doug Henwood
Date:	Fri Jan 2 11:56:26 PST 2009

5699 [lbo-talk] Krugman on the 40 year arc of the Repugnican Party -- rank: 1000

On Jan 2, 2009, at 11:36 AM, Carrol Cox wrote: > he present course of the U.S. government, murderous aggression abroad > and a systematic attack on the living standards of large proportions > of > the u.s. populace, is going to be intensified by the incoming > administration On imperial murder, the Dems more than hold their own in competition with the Reps. But it's an empirical fact - ask Larry Bartels - that income gains are more broadly distributed under D admins than R. And ...

Document Size:	5506
Author:	Doug Henwood
Date:	Fri Jan 2 11:37:48 PST 2009

5700 [lbo-talk] Chris Hedges comes out as socialist -- rank: 1000

On Jan 1, 2009, at 11:16 PM, Joseph Catron wrote: > On Thu, Jan 1, 2009 at 9:22 PM, Doug Henwood <dhenwood at panix.com> > wrote: > > There are very few people on the left who really understand how the > right >> thinks at all, or even takes the right seriously as thinkers. > > > And vice versa, no? Oh yeah. With a few exceptions.

Document Size:	5131
Author:	Doug Henwood
Date:	Fri Jan 2 06:05:14 PST 2009