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5851 [lbo-talk] A Glance At The Upcoming Eastern European Cataclysm -- rank: 1000

On Feb 10, 2009, at 7:40 PM, Chris Doss wrote: > I would take this more seriously if it did not describe Kazakhstan, > which is north of China, as being in Europe. Picky, picky. The economies of whatever region you want to call it are in a dive. Doug

Document Size:	5046
Author:	Doug Henwood
Date:	Tue Feb 10 16:52:11 PST 2009

5852 [lbo-talk] Geithner Plan -- rank: 1000

On Feb 10, 2009, at 5:16 PM, John Gulick wrote: > But even if this proposal were not utopian to begin with, the moment > has been squandered. Where was > the much-ballyhooed "pressure" on Obama that his "critical > supporters" kept on promising in early > November? Ha ha ha. How many divisions has Barbara Ehrenreich? Doug

Document Size:	4815
Author:	Doug Henwood
Date:	Tue Feb 10 14:23:31 PST 2009

5853 [lbo-talk] Geithner Plan -- rank: 1000

On Feb 10, 2009, at 4:48 PM, Shane Taylor wrote: > Sure, but I thought today was less about the long-term interests of > the US economy than about servicing Barry's base on Wall Street? Oh yeah, that it is. I'm just lamenting the awfulness of this.

Document Size:	4672
Author:	Doug Henwood
Date:	Tue Feb 10 13:59:17 PST 2009

5854 [lbo-talk] Geithner Plan -- rank: 1000

On Feb 10, 2009, at 4:28 PM, Shane Taylor wrote: > Doug Henwood wrote: > >> You could think of the Treasury as contributing equity and >> the Fed, debt. It seems a little loopy to me, in an era of >> deleveraging. > > It circumvents Congress, no It does, but I don't think the most urgent need for the U.S. economy right now is borrowing to finance fresh borrowing. It should be to promote an orderly deleveraging, a humane austerity program (meaning that it should f ...

Document Size:	5089
Author:	Doug Henwood
Date:	Tue Feb 10 13:38:51 PST 2009

5855 [lbo-talk] ha -- rank: 1000

Ha ha, Barry, Larry, and Timmy try to please the markets and look what they get! > MARKET ALERT > from The Wall Street Journal. > > > February 10, 2009 > > The Dow Jones Industrial Average plunged 385 points after Geithner's > remarks on the bank bailout plan didn't provide the level of detail > that some traders had been hoping to hear. Financial stocks led the > broad-based selloff, as an exchange-traded fund that tracks the S&P > 500's financial sector dr ...

Document Size:	5637
Author:	Doug Henwood
Date:	Tue Feb 10 13:17:47 PST 2009

5856 [lbo-talk] chart -- rank: 1000

Handy comparison of House and Senate stimulus bills: <http://www.propublica.org/special/the-stimulus-bills-house-vs.-senate>. Fun fact: the Senate knocked almost $15 billion off the energy component - despite *adding* almost $5 billion for fossil fuel R&D. Doug

Document Size:	4875
Author:	Doug Henwood
Date:	Tue Feb 10 12:34:33 PST 2009

5857 [lbo-talk] Geithner Plan -- rank: 1000

On Feb 10, 2009, at 1:10 PM, John Gulick wrote: > "...a $1 trillion program to supply new credit to consumers and > businesses." > > Could someone elaborate on this? The Fed and Treasury have jointly been running a program to buy up such loans, to provide liquidity and a security blanket. They're jacking it up so that the Treasury is supplying $100 billion (from TARP cash), which the Fed will leverage up to $1 billion. You could think of the Treasury as contributing equ ...

Document Size:	5446
Author:	Doug Henwood
Date:	Tue Feb 10 11:38:40 PST 2009

5858 [lbo-talk] postpartisanship, MCD, and SBUX -- rank: 1000

<http://pewresearch.org/pubs/1111/starbucks-versus-mcdonalds-choices-demographics > McDonald's and Starbucks: 43% Yin, 35% Yang by Paul Taylor, Pew Research Center February 10, 2009 McDonald's and Starbucks are the yin and yang of franchise food and drink. While both are iconic American brands, each appeals to different lifestyles, budgets and, yes, even political ideologies. How different? A Pew Research Center Social & Demographic Trends survey on where Americans would like to liv ...

Document Size:	10208
Author:	Doug Henwood
Date:	Tue Feb 10 11:19:24 PST 2009

5859 [lbo-talk] the new Pepsi logo: pinnacle of universe -- rank: 1000

[Amazing illustrations and link to full document at original.] <http://gawker.com/5150582/breathtaking-document-reveals-pepsis-logo-is-pinnacle-of-entire-universe > INTERNAL MEMOS 'Breathtaking' Document Reveals Pepsi's Logo is Pinnacle of Entire Universe By Hamilton Nolan, 12:49 PM on Tue Feb 10 2009, 3,786 views Last year Pepsi spent several hundred million dollars on a new logo. Everyone figured they had just ripped off the Obama logo. But now an internal document from the branding c ...

Document Size:	6170
Author:	Doug Henwood
Date:	Tue Feb 10 11:08:23 PST 2009

5860 [lbo-talk] views on stimulus: now vs. 1938 -- rank: 1000

On Feb 10, 2009, at 1:04 PM, Steven L. Robinson wrote: > Perhaps. But polling was much less of an exact science 70 years ago. > The leading poll during the 1936 Presidential election, taken by a > magazine called "Literary Digest" - if memory serves - had Landon > defeating FDR. Yeah but this is attributed to Gallup. The LD poll was of its readers, an unscientific sample that skewed upper income. Doug

Document Size:	5061
Author:	Doug Henwood
Date:	Tue Feb 10 10:32:17 PST 2009

5861 [lbo-talk] views on stimulus: now vs. 1938 -- rank: 1000

On Feb 10, 2009, at 10:55 AM, SA wrote: > http://www.cbsnews.com/htdocs/pdf/poll_020509.pdf > > The CBS News poll re-asked a question that Gallup posed in 1938: > Which is the best way to end the recession, tax cuts for business or > more government spending? > > > BEST WAY TO END RECESSION? > > Now 3/1938 (Gallup) > More government spending 22% 15% > Tax cuts for business 59 63 Amazing. T ...

Document Size:	5555
Author:	Doug Henwood
Date:	Tue Feb 10 09:56:50 PST 2009

5862 [lbo-talk] financial exchanges proportion ? -- rank: 1000

On Feb 10, 2009, at 11:43 AM, JC Helary wrote: > Where did I read that financial exchanges volumes were 10 times (or > something similar) more important than goods/services exchanges ? At least. But you have to be more precise - stock exchanges? Foreign exchange? Credit markets?

Document Size:	4892
Author:	Doug Henwood
Date:	Tue Feb 10 09:28:26 PST 2009

5863 [lbo-talk] a fresh rant on the bailout -- rank: 1000

<http://doughenwood.wordpress.com/2009/02/10/obama-to-coddle-bankers/> Obama to coddle bankers Emily Dickinson once advised: Tell all the Truth but tell it slant. Evidently the New York Times headline writers are taking advice from the enigmatic poet. The headline on the story on how the Obama administration will be going easy on banks and bankers getting bailout money blamed it all on the Treasury Secretary: Geithner Said to Have Prevailed on the Bailout. In internal administrat ...

Document Size:	7071
Author:	Doug Henwood
Date:	Tue Feb 10 07:31:08 PST 2009

5864 [lbo-talk] Zombie Banks Eat the Empire -- rank: 1000

On Feb 10, 2009, at 3:56 AM, dredmond at efn.org wrote: > Just tagging on Doug's blog post: Geithner's plan is jaw-droppingly > awful. > Here's the take-away from the NY Times: > > http://www.nytimes.com/2009/02/10/business/economy/10bailout.html?_r=1&ref=business > Geithner Said to Have Prevailed on Bailout > NY Times February 9, 2009 > By STEPHEN LABATON and EDMUND L. ANDREWS "Geithner said to have prevailed" = Obama agreed with him. "Obama moves to ...

Document Size:	5415
Author:	Doug Henwood
Date:	Tue Feb 10 07:06:00 PST 2009

5865 [lbo-talk] rant on TARP -- rank: 1000

On Feb 9, 2009, at 3:58 PM, John Gulick wrote: > Wow, something tells me that if what happens tomorrow is as horrible > as you report, we're in for a big dose > of splenetic right-wing populist outrage (of a far more scary sort > than that brought to bear on the "pork > barrel stimulus package," not in the least because the outrage will > seem notionally anti-capitalist). And firmly reality-based.

Document Size:	4977
Author:	Doug Henwood
Date:	Mon Feb 9 13:03:14 PST 2009