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8041 [lbo-talk] URPE Summer Conference -- Aug 15-18 -- REGISTER NOW! ORGANIZE A PANEL! -- rank: 1000

On Jul 14, 2008, at 11:13 AM, Julio Huato wrote: > How can we get larger groups of young people with the heart in the > right place (that is, with a strong, passionate commitment to the > interest of working people, discontent with the status quo, for social > change), to seriously and critically study math and modern economics? > How can we help them in their pursuit? Who studies that stuff without wanting to go into academia or finance? Sure, some can go work for unions, but th ...

Document Size:	5737
Author:	Doug Henwood
Date:	Mon Jul 14 08:25:50 PDT 2008

8042 [lbo-talk] cultural quiz -- rank: 1000

[via Mike Allen] A quiz from the August issue of DETAILS -- 'Are you THAT GUY?' --You initiate fist bumps. --You order foreign dishes in an accent. --You shave your head at the first sign of balding. --You use any word Stephen Colbert invented. --You have an elaborate bedtime ritual on planes-with neck pillow, sleep mask, and noise-canceling headphones. --You have a downloaded ring tone. --You wave someone along even though they have the right of way. --You say the name of the town where your I ...

Document Size:	7405
Author:	Doug Henwood
Date:	Mon Jul 14 06:49:07 PDT 2008

8043 [lbo-talk] great moments in live TV -- rank: 1000

[from The Note] "Yeah. I mean, for instance, take you know -- take, for instance, the issue of -- of -- I'm drawing a blank, and I hate it when I do that, particularly on television." -- Gov. Mark Sanford, R-S.C., asked by CNN's Wolf Blitzer to identify areas where McCain has different views on the economy than President Bush. (He eventually identified earmarks as a difference.)

Document Size:	4928
Author:	Doug Henwood
Date:	Mon Jul 14 06:31:58 PDT 2008

8044 [lbo-talk] glen ford should receive a weekly sunday hummer -- rank: 1000

On Jul 13, 2008, at 4:20 PM, Dwayne Monroe wrote: > I'm not sure what your criticism is. Carrol's crankbot is on autopilot these days. Doug

Document Size:	4889
Author:	Doug Henwood
Date:	Sun Jul 13 17:35:30 PDT 2008

8045 [lbo-talk] Nicolas Stern's What Is To Be Done on climate change -- rank: 1000

On Jul 12, 2008, at 6:39 PM, Carrol Cox wrote: > This whole continuing discussion of what "we," technologically, > need to > do re global warming seems in cloud-cuckoo land. "We" are simply NOT > going to do it. The political obstacles are insuperable. So should we just kill ourselves? Doug

Document Size:	5162
Author:	Doug Henwood
Date:	Sat Jul 12 19:20:10 PDT 2008

8046 [lbo-talk] Roubini: a haircut not a bailout -- rank: 1000

On Jul 12, 2008, at 12:56 PM, Jordan Hayes wrote: >> The price of credit default swaps for U.S. Treasuries rose >> yesterday, by the way. I had no idea such a thing existed. > > Traders will bet on anything :) That was my thought when list alum Enrique Diaz-Alvarez, now a trader at a HF, sent me the quotes yesterday.

Document Size:	5053
Author:	Doug Henwood
Date:	Sat Jul 12 10:27:01 PDT 2008

8047 [lbo-talk] Roubini: a haircut not a bailout -- rank: 1000

On Jul 12, 2008, at 12:37 PM, Jordan Hayes wrote: > Doug writes: > >> A problem with this is that, as he concedes, the GSEs' bonds were >> perceived as essentially obligations of the U.S. Treasury. > > It is a sticky situation, but there's always been a premium; and a > GSE holder knows the difference between Freddie and Momma. It'll > never happen, but it's fun to think about. The price of credit default swaps for U.S. Treasuries rose yesterday, by the way. I had ...

Document Size:	5227
Author:	Doug Henwood
Date:	Sat Jul 12 09:46:05 PDT 2008

8048 [lbo-talk] boilerplate -- rank: 1000

On Jul 12, 2008, at 12:27 PM, Carrol Cox wrote: > So? Buttons on your underwear.

Document Size:	4474
Author:	Doug Henwood
Date:	Sat Jul 12 09:36:04 PDT 2008

8049 [lbo-talk] Roubini: a haircut not a bailout -- rank: 1000

On Jul 12, 2008, at 10:52 AM, Shane Taylor wrote: > Nouriel Roubini argues that as Fannie Mae and Freddie > Mac would be insolvent as private institutions, they > should be forced into the equivalent of Chapter 11 > bankruptcy. Force a haircut from bondholders, not a > bailout from taxpayers. The creditors are paid a > rising risk premium, so they deserve to bear the risk. A problem with this is that, as he concedes, the GSEs' bonds were perceived as essentially obligations of ...

Document Size:	5435
Author:	Doug Henwood
Date:	Sat Jul 12 08:55:43 PDT 2008

8050 [lbo-talk] URPE Summer Conference -- Aug 15-18 -- REGISTER NOW!ORGANIZE A PANEL! -- rank: 1000

On Jul 12, 2008, at 7:20 AM, Carrol Cox wrote: > This too is incoherent. It is theory that determines what data is > data. > > According to my coputer, the current temperature outside is 70. Is > that > data relevant to efficient market theory. I say it is. Prove me wrong. > > You will have to articulate a theory to prove that that data isn't > data. > > That in a way is what the Theory people (who Doug is so anxious to > defend) are all about: the overthrow o ...

Document Size:	10279
Author:	Doug Henwood
Date:	Sat Jul 12 05:45:00 PDT 2008

8051 [lbo-talk] URPE Summer Conference -- Aug 15-18 -- REGISTER NOW! ORGANIZE A PANEL! -- rank: 1000

On Jul 11, 2008, at 8:55 PM, Jim Farmelant wrote: > And many philosophers of science would agree with > Laibman on that point. I'm not sure economics is a science, but that might be a quibble. Why do you have to prove a successor truth when you think something is untrue? Doug

Document Size:	5283
Author:	Doug Henwood
Date:	Fri Jul 11 19:28:24 PDT 2008

8052 [lbo-talk] democracy in action -- rank: 1000

On Jul 11, 2008, at 7:45 PM, Dwayne Monroe wrote: > Jensen's rhetoric got so heated -- without provocation -- that the > host called a bit of a time out. The book is nuts. I was going to do a joint review of it with Susie Bright, but in the end I just didn't see the point of giving all that warmed-over 70s crap any attention. But this Presby angle makes me wish we'd done it. Doug

Document Size:	4952
Author:	Doug Henwood
Date:	Fri Jul 11 17:14:09 PDT 2008

8053 [lbo-talk] democracy in action -- rank: 1000

On Jul 11, 2008, at 7:30 PM, Dennis Claxton wrote: >> Please dish more dirt on Jensen! > > > He's a Presbyterian. This talk is on the web: > >> This past year, after decades of steadfastly avoiding churches of >> all kinds, I returned to church. Ironically, and completely by >> coincidence, I returned to a Presbyterian church, the denomination >> in which I was raised and to which I swore -- in both senses of >> the term -- I would never return. ...

Document Size:	5488
Author:	Doug Henwood
Date:	Fri Jul 11 17:10:47 PDT 2008

8054 [lbo-talk] flashback to the 80s -- rank: 1000

NEWS ALERT from The Wall Street Journal July 11, 2008 IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators in one of the largest bank failures in U.S. history. The thrift was one of the largest savings and loans in the country, with about $32 billion in assets. It now joins an infamous list of collapsed banks, topped by Continental Illinois National Bank and Trust Co., which failed in 1984 with $40 billion of assets. The b ...

Document Size:	5057
Author:	Doug Henwood
Date:	Fri Jul 11 15:45:05 PDT 2008

8055 [lbo-talk] democracy in action -- rank: 1000

On Jul 11, 2008, at 5:00 PM, Eric wrote: > Speaking of which, the Netroots Nation confab is being held at the > Austin convention center next weekend. I can't imagine a more > dismal place to be, or a more insulting demand than paying $450 > ($450!) to rub elbows with Kos, Pandagon, Pelosi, and Dean. > > I'm trying get as far away as possible. Anybody have a place on > Paradise Bay or the Sea of Tranquility I can house-sit? Picket them! $450 for the netroots? Really?

Document Size:	5037
Author:	Doug Henwood
Date:	Fri Jul 11 14:06:07 PDT 2008