Search LBO-Talk Archives

8191 [lbo-talk] let's all pray for a depression -- rank: 1000

On Jan 23, 2008, at 7:04 PM, Julio Huato wrote: > The BRICs have been growing fast > and that has inertia. Yes, on the downside, they've proved to be very > volatile -- great years followed by lousy ones. But the question is, > Can the BRICs keep up the pace by re-orienting their economies inwards > by the sheer force of public investment? I think they can. You may be right - though the Russian economy is still heavily driven by oil prices, and if oil prices continue to come o ...

Document Size:	5555
Author:	Doug Henwood
Date:	Wed Jan 23 19:31:02 PST 2008

8192 [lbo-talk] daisy chain: clinton on obama on reagan -- rank: 1000

On Jan 23, 2008, at 5:45 PM, C. G. Estabrook wrote: > In his book, The Mendacity of Hope, he writes "...perhaps the > biggest casualty > of [the Vietnam] war was the bond of trust between the American > people and their > government and between American themselves ... Increasingly, many > on the left > voiced opposition not only to the Vietnam War but also to the > broader aims of > American foreign policy. In their view, President Johnson, General > Westmor ...

Document Size:	5794
Author:	Doug Henwood
Date:	Wed Jan 23 14:56:02 PST 2008

8193 [lbo-talk] Dow turns -300 to +300 in an afternoon -- rank: 1000

On Jan 23, 2008, at 5:22 PM, B. wrote: > Wasn't this called "whipsawing" in the past ("the > market is whipsawing"), or is that term for longer > periods of this kind of bipolar/blowin' hot and > cold-type activity...? That term is still around. The conspiracists will no doubt attribute the recovery to the "plunge protection team," a group of government traders operating from a desk in a safe house at an undisclosed location....

Document Size:	5193
Author:	Doug Henwood
Date:	Wed Jan 23 14:30:37 PST 2008

8194 [lbo-talk] new radio product -- rank: 1000

BEHIND THE NEWS with Doug Henwood podcast: <http://shout.lbo-talk.org/lbo/radio-feed.php> iTunes: <http://phobos.apple.com/WebObjects/MZStore.woa/wa/ viewPodcast?id=73801817> or <http://tinyurl.com/3bsaqb> now also broadcast on KPFA, Berkeley! (details below) "Best Music on an Economics & Politics Radio Show" Village Voice Best of NYC 2005 Newly posted to my radio archive <http://www.leftbusinessobserver.com/Radio.html>: January 17, 2008 Thomas Schaller, aut ...

Document Size:	11645
Author:	Doug Henwood
Date:	Wed Jan 23 14:09:36 PST 2008

8195 [lbo-talk] Dow turns -300 to +300 in an afternoon -- rank: 1000

MARKET ALERT from The Wall Street Journal. Jan. 23, 2008 Stocks staged a dramatic intraday turnaround Wednesday, with the Dow Jones Industrial Average rising more than 600 points from its session nadir to end the day with an advance of 300 points, as financial shares rallied. Word in the afternoon that regulators at the New York Insurance Department met Wednesday with banks that are parties to contracts with bond insurers to discuss ways of stabilizing the business and bringing in addition ...

Document Size:	5700
Author:	Doug Henwood
Date:	Wed Jan 23 13:18:16 PST 2008

8196 [lbo-talk] let's all pray for a depression -- rank: 1000

On Jan 23, 2008, at 2:54 PM, Julio Huato wrote: > Doug wrote: > >> The U.S. stock market is now trying to find its >> footing, though the rest of the world had a >> seizure while our markets were closed yesterday. >> Watching that, I though - so much for decoupling. > > As I understand it, the idea of "decoupling" is not about the > financial markets, but about the business cycle. To Wall Street, the two are inseparable. But the selloff in world ...

Document Size:	5346
Author:	Doug Henwood
Date:	Wed Jan 23 12:26:33 PST 2008

8197 [lbo-talk] Pacifica release on BtN on KPFA -- rank: 1000

<http://pacificaradio.wordpress.com/2008/01/23/kpfa-radio-to-air-new- weekend-programs-on-current-affairs-and-economics/> KPFA RADIO TO AIR NEW WEEKEND PROGRAMS ON CURRENT AFFAIRS AND ECONOMICS 23 January 2008, 2:08 pm Filed under: Pacifica, Programming Berkeley, CA - January 23, 2008 This Saturday, January 26th, KPFA Radio will introduce to its airwaves two new programs from the Pacifica Network. Behind the News is a radical program of economics and politics hosted by Doug Henwood, a ...

Document Size:	7308
Author:	Doug Henwood
Date:	Wed Jan 23 11:30:54 PST 2008

8198 [lbo-talk] Davos Man not happy -- rank: 1000

Financial Times - January 23, 2008 <http://www.ft.com/cms/s/fb791544-c9b1-11dc-b5dc-000077b07658.html> Davos 2008 FED'S CUT TRIGGERS HARSH WORDS FROM DAVOS Reactions to the US Federal Reserve's dramatic 0.75 percentage point cut in interest rates ranged from hostile to lukewarm as policymakers, businessmen and economists gathered at the World Economic Forum on Wednesday. Economists at the meeting warned that the monetary easing announced on Tuesday would not succeed in boosting a sickl ...

Document Size:	7789
Author:	Doug Henwood
Date:	Wed Jan 23 11:16:39 PST 2008

8199 [lbo-talk] Obama & the slumlord -- rank: 1000

[from The Note] None of these are stories Obamaland wanted out there in the crucial weeks of the nomination fight: "A plainly embarrassed Obama has been sending the campaign money to charity in an effort to distance himself from the Chicago businessman, including $41,000 over the weekend," the AP's Mike Robinson writes in recapping the case. "The former state legislator and first-term U.S. senator seemingly missed plentiful warning signs that Rezko was headed for trouble with ...

Document Size:	6113
Author:	Doug Henwood
Date:	Wed Jan 23 10:39:49 PST 2008

8200 [lbo-talk] the future Premiere Dame of France? -- rank: 1000

NSFW: <http://fleshbot.com/347997/carla-brunis-naked-history>

Document Size:	4697
Author:	Doug Henwood
Date:	Wed Jan 23 10:32:47 PST 2008

8201 [lbo-talk] who is Walter Benn Michaels? -- rank: 1000

On Jan 23, 2008, at 11:51 AM, shag at cleandraws.com wrote: > but that said, who is this guy? I've barely heard of him and he makes > $175k in Chicago? as a professor of English? at a public university? Rumor has it that Fish used affirmative action money to boost Michaels' salary. > WBM is a good friend of Adolph Reed's, who thinks highly of him and the book. Since I think the world of Adolph, this is a strong endorsement, but I haven't read his book. Doug

Document Size:	5134
Author:	Doug Henwood
Date:	Wed Jan 23 09:14:29 PST 2008

8202 [lbo-talk] Hillary nixes Vogue; fear of looking "too feminine"; Wintour distressed -- rank: 1000

On Jan 23, 2008, at 11:48 AM, Colin Brace wrote: > Ségolène Royal -- now there is female politician with style. And look what it did for her!

Document Size:	5079
Author:	Doug Henwood
Date:	Wed Jan 23 09:11:37 PST 2008

8203 [lbo-talk] BtN coming to KPFA -- rank: 1000

I'm very happy to announce that my radio show, Behind the News, which has been running on WBAI since 1995 (and on the web since 2002), will now also be broadcast on KPFA, Berkeley, starting this Saturday at 10. The coming show will be about The Current Crisis, of course. Doug

Document Size:	4863
Author:	Doug Henwood
Date:	Wed Jan 23 07:34:13 PST 2008

8204 [lbo-talk] jottings on the current conjuncture... -- rank: 1000

On Jan 22, 2008, at 11:33 PM, 3.3.3. wrote: > Isnt the AMBAC/MBIA/muni bond insurer aspect of the bubble-burst > significant? I thought that failures here were one of the next "big > indicators" to look at? Yes, that's a big deal. If they go bust, things could get ugly. Which is why it's very likely that the Fed would knock heads together to organize some sort of bailout. Doug

Document Size:	5070
Author:	Doug Henwood
Date:	Wed Jan 23 05:08:30 PST 2008

8205 [lbo-talk] Hillary nixes Vogue; fear of looking "too feminine"; Wintour distressed -- rank: 1000

[from Mike Allen's Politico Playbook] Women's Wear Daily reports: 'Clinton was to appear in Vogue as the presidential race reached high gear, but backed out late last fall before a photo shoot was scheduled for fear of appearing too alluring. ... A Vogue spokesman confirmed: 'We were told by Ms. Clinton's camp that they were concerned if Clinton appeared in Vogue that she would appear too feminine.' In her February editor's letter, [Editor in Chief Anna] Wintour takes Clinton to task for b ...

Document Size:	5922
Author:	Doug Henwood
Date:	Wed Jan 23 05:04:23 PST 2008