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8911 [lbo-talk] T-bill yields go negative -- rank: 1000

<http://www.marketwatch.com/news/story/us-stocks-finish-sharply-lower/story.aspx?guid=%7BDB0F401A%2DCD0D%2D437C%2DA19F%2DF6AE9FE29B47%7D&siteid=bnbt > NEW YORK (MarketWatch) -- Treasurys headed higher Tuesday, helped by a strong bill auction that showed investors purely wanted assurance that they would get their principal back. The market reached the highs of the day after the Treasury Department sold $32 billion in four-week bills at a yield of 0%. --- <http://blogs.wsj.com/mark ...

Document Size:	6824
Author:	Doug Henwood
Date:	Tue Dec 9 13:10:24 PST 2008

8912 [lbo-talk] Yeah...about that Illinois Governor... -- rank: 1000

On Dec 9, 2008, at 11:47 AM, Nick Robinson quoted: > SEIU Official Hmm, wonder who'd be involved in high-level discussions like this? Doug

Document Size:	4859
Author:	Doug Henwood
Date:	Tue Dec 9 09:02:40 PST 2008

8913 [lbo-talk] Obama defends Republic workers -- rank: 1000

On Dec 9, 2008, at 11:16 AM, Jordan Hayes wrote: >> Is there some combination with bankruptcy that would get around this? >> I mean, if your credit is fucked anyway... And I don't mean making >> the tax bill go away, I mean preventing it. > > Yes, if you file for bankrupcy as part of getting foreclosed, the > tax bill is discharged. Really? I thought you couldn't discharge mortgage or tax debt. Doug

Document Size:	5027
Author:	Doug Henwood
Date:	Tue Dec 9 08:37:25 PST 2008

8914 [lbo-talk] the death of newspapers (cont.) -- rank: 1000

On Dec 9, 2008, at 10:36 AM, 1618.cliff at gmail.com wrote: > Can any LBO talker make sense of this for me and others? How can one > finance the purchase of an entire company with (apparently) not much > more than the future value of the company's pension plan assets? And > aren't those assets really obligations in any case? How can one own > a majority stake in a company and not own any shares? It's enough to > make my head explode... I can only imagine how Tribune employees & ...

Document Size:	5681
Author:	Doug Henwood
Date:	Tue Dec 9 08:33:26 PST 2008

8915 [lbo-talk] Obama defends Republic workers -- rank: 1000

On Dec 8, 2008, at 3:20 PM, John Thornton wrote: > I don't get this logic. > It is way expensive to walk away from a house. > You'll not only get shit on your credit report but also a huge tax > bill. Yeah, but the anecdotage says people are doing it. No real stats, but that's what they say. Doug

Document Size:	4924
Author:	Doug Henwood
Date:	Mon Dec 8 12:27:42 PST 2008

8916 [lbo-talk] Heartfield vs. overaccumulation -- rank: 1000

[Thanks to Lou Proyect for pointing this out.] <http://www.platypus1917.org/archive/article135/> Living Marxism James Hartfield December 2008 ... For more than a decade, the capitalist class in the West has been working with an outlook that is hostile to industry. In Britain, as in the US and elsewhere, capitalists found it easier making money by breaking up industries than building them up. There always was a kind of disgust at the real business of industry from the capitalists. They ...

Document Size:	8927
Author:	Doug Henwood
Date:	Mon Dec 8 11:58:47 PST 2008

8917 [lbo-talk] Obama defends Republic workers -- rank: 1000

On Dec 8, 2008, at 2:14 PM, Nick Robinson wrote: > http://pics4.city-data.com/ctrends/ctr1864.png > > See above for a graph of housing prices in the city where I live, > Merced, > CA Interesting that sales volume has roughly doubled over the last year or so, while prices have fallen by half. Guess that's what it takes.

Document Size:	5026
Author:	Doug Henwood
Date:	Mon Dec 8 11:26:03 PST 2008

8918 [lbo-talk] the death of newspapers (cont.) -- rank: 1000

NEWS ALERT from The Wall Street Journal Dec. 8, 2008 Tribune filed for bankruptcy-court protection, in a sign of worsening trouble for the newspaper industry. Tribune has been on wobbly footing since last December, when real- estate mogul Samuel Zell led a debt-backed deal to take the company private. Tribune owns eight major daily newspapers, including the Los Angeles Times, Chicago Tribune and Baltimore Sun, plus a string of local TV stations. http://online.wsj.com?mod=djemalertNEWS

Document Size:	5154
Author:	Doug Henwood
Date:	Mon Dec 8 11:09:14 PST 2008

8919 [lbo-talk] thanks, W! -- rank: 1000

<http://www.thankyoupresidentgeorgewbush.com/> Dear President Bush, Thank you for all you have done to protect me from danger. It has been seven years since my country was attacked and some of my friends have been killed. Words cannot express my appreciation for the way you have handled one of the largest crises my country has ever faced. I know that you are not working alone to keep me safe, but as commander-in-chief, I could not have felt more secure with anyone other than you a ...

Document Size:	5254
Author:	Doug Henwood
Date:	Mon Dec 8 09:54:08 PST 2008

8920 [lbo-talk] Obama defends Republic workers -- rank: 1000

On Dec 8, 2008, at 11:58 AM, Miles Jackson wrote: > I have to echo JC: I don't follow. My house has dropped in value > about $40,000 in the past two years. Because it's where I plan to > live for many years, I could care less about the market value. In > fact, I've seen a bit of a drop in my property taxes, so my escrow > payments are actually lower this year. I don't get how this is > lowering my willingness to make my mortgage payments. Because it feels like pouring money ...

Document Size:	5431
Author:	Doug Henwood
Date:	Mon Dec 8 09:15:21 PST 2008

8921 [lbo-talk] Biden, friend of labor -- rank: 1000

<http://www.bloomberg.com/apps/news?pid=20601070&sid=a5Tw77jVWTpU> Biden Shows He Will Be Labor s Advocate in Obama Administration By Heidi Przybyla Dec. 6 (Bloomberg) -- Joe Biden was selected as Barack Obama s running mate in part to fill out the Democratic ticket s foreign-policy credentials. The vice president-elect s actual portfolio may be much closer to home as he takes on the role of labor s advocate within the administration. Biden has a record of supporting labor during h ...

Document Size:	10317
Author:	Doug Henwood
Date:	Mon Dec 8 08:29:25 PST 2008

8922 [lbo-talk] Happy 80th Birthday, Noam Chomsky -- rank: 1000

On Dec 8, 2008, at 3:52 AM, Tayssir John Gabbour wrote: > The > advantage of LBO-talk's structure is that not only is it distributed > to people by default, but also the community's more cohesive, so > recovering all the posts (for a few years at least) shouldn't be a > real problem. It's all archived (and fully searchable) at a URL listed in the header of every post: <http://mailman.lbo-talk.org/pipermail/lbo-talk>. Doug

Document Size:	5170
Author:	Doug Henwood
Date:	Mon Dec 8 08:22:28 PST 2008

8923 [lbo-talk] Happy 80th Birthday, Noam Chomsky -- rank: 1000

On Dec 8, 2008, at 12:08 AM, Dennis Perrin wrote: > Noam and Doug -- though D isn't quite 80, yet. No. Just 56. Also sharing the birthday: Willa Cather, Pietro Mascagni, Tom Waits, and Ted Knight.

Document Size:	4814
Author:	Doug Henwood
Date:	Mon Dec 8 08:20:54 PST 2008

8924 [lbo-talk] Obama defends Republic workers -- rank: 1000

On Dec 7, 2008, at 11:14 PM, Joseph Catron wrote: > What does the depreciation > of a home's value have to do with its owner's ability to continue > mortgage payments? It lowers the willingness, not the ability.

Document Size:	4817
Author:	Doug Henwood
Date:	Mon Dec 8 04:25:04 PST 2008

8925 [lbo-talk] Where's Stiglitz? -- rank: 1000

On Dec 6, 2008, at 2:15 PM, 1618.cliff at gmail.com wrote: > Scott Horton and Michael Hirsh want to know: Where's Stiglitz? Summers had him fired from the World Bank, for one. For two, he's perceived as "too liberal." Doug

Document Size:	4834
Author:	Doug Henwood
Date:	Sat Dec 6 12:15:58 PST 2008