[PEN-L:310] Churchill "Planned Third World War

The Folloiwng is taken from russia today (www.russiatoday.com) Thu., Oct. 01, 1998 at: NY 7:14 a.m. 3:14 p.m. Churchill "Planned Third World War

[PEN-L:311] BLS Daily Report

This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. -- =_NextPart_000_01BDED3C.5262B9A0 charset="iso-8859-1" BLS DAILY REPORT, WEDNESDAY, SEPTEMBER 30, 1998 RELEASED TODAY: In August, 227 metropolit

[PEN-L:315] Dig up those rubles!

When picking up that oldie-but-goodie about Churchill and likely other war dogs who just couldn't stop scratching, Frank overlooked this zonker. valis Russia Today - A Service of the European Internet Network RussiaC

[PEN-L:318] "I am not a crook"

As the tail wags -- 10:00 MCDONOUGH: MARKETS MIGHT HAVE CEASED TO FUNCTION IF LONG-TERM CAP HAD FAILED. 10:00 GREENSPAN: BANNING HEDGE FUNDS WOULDN'T WORK, WOULD COST TOO MUCH. 10:00 GREENSPAN, MCDONOUGH: DEFEND FED ROLE IN LONG-TERM CAP RESCUE. 10:00 GREENSPAN: SAW 'SUBSTANTIAL DAMAGE

[PEN-L:314] Re: World financial calamity

Rob Schaap wrote, >Time to go out on a limb. I'm with you, Rob. And Y'know this here limb seem a lot sturdier than that there tree. >Greenspan has shot his bolt and it didn't make a scratch. "Twenty-five basis points" joins the rarified company of Waterloo and Tet. Reminds me of Nixon's image

[PEN-L:316] "signs of a real downward spiral"

October 1, 1998 Asian Crisis Hits Home in the Pacific Northwest By SAM HOWE VERHOVEK KAHLOTUS, Wash. -- The huge piles of golden grain that rise like sand dunes along the banks of the Columbia and Snake Rivers are a beautiful sight, but to the wheat farmers of the Pacific Northwest, they are r

[PEN-L:319] Churchill "Planned Third World War

This is a repeat of a message I sent some 20 minutes ago which for some reason came out jagged and difficult to read. Soory Frank Russia Today Thu., Oct. 01, 1998 at: NY 7:14 a.m. Lon 12:14 p.m. Pra 1:14 p.m. Mos 3:14 p.m. Churc

[PEN-L:320] [Fwd: [Fwd: University of Redlands position announcement]]

This is a multi-part message in MIME format. --AC6D47A4F91A14B29A473B7A Chris Niggle wrote: > This position announcement will appear in the October JOE. > > > > Subject: University of Redlands position annou

[PEN-L:321] Roshomon Vibrations from Krugman

here's Krugman's interesting column on Long-Term Capital Management from SLATE: Rashomon in Connecticut: What really happened to Long-Term Capital Management? By Paul Krugman (posted Thursday, Oct. 1, 1998) Rarely in the course of human events have so few people lost so much money

[PEN-L:324] Re: Re: One quarter of one point

James, This is most definitely not a ceteris paribus situation. In particular, the Fed's rate cut has clearly triggered expectations of further rate cuts. This raises the possibility of capital appreciation in bonds (as the inimitable boddhi notes) and may lead to a "perverse" forex ef

[PEN-L:312] Re: One quarter of one point

There seems to be a great deal of enthusiasm in Europe this morning for Greenspan's bold interest rate cut. The funny thing is, the U.S. federal reserve faces a genuine dilemma. If they cut rates sharply enough to head off global deflation, they would simply fuel a speculative boom in share prices

[PEN-L:326] Re: Brazil stock market crash

Louis Proyect wrote, >As of 3:25pm, NYC time, the Brazilian stock market is 7.56% off from >yesterday. By comparison, the Dow-Jones average, which has fallen by 240 >points since the opening this morning, is off by only 3%. The bourgeois >press is fairly unanimous on the threat posed to the US ec

[PEN-L:313] Re: World financial calamity

G'day Penners, Time to go out on a limb. If I were one of those 'bargain hunters' who have hitherto responded to 3% drops with 2% rises the next day, I wouldn't get out of bed today. 'Sentiment' today ain't what it was last week. You wouldn't find a bull in Pamplona today. Greenspan has shot h

[PEN-L:328] Cyber-Sawicky, I

Did a column on the Federal budget for "Intellectual Capital," an e-zine. For any interested parties, it's at: http://www.intellectualcapital.com/issues/98/1001/icpro.asp All comments appreciated. MBS

[PEN-L:330] Re: Cyber-Sawicky, I

Max, you write: >The story goes that the trust fund is nothing but "IOUs." The IOUs in >question are government bonds. Professionals who believe them to be >quite real trade billions of these every day. The fact is that a >capitalist economy runs on IOUs: government bonds, corporate bonds, >stock

[PEN-L:329] Re: Roshomon Vibrations from Krugman

It is reassuring to know that Krugman makes up all the answers to all the questions that he makes up. Any analogy here to neoclassical methodology? I found it predictably pretentious, but boring rather than interesting. Should pen-l get over Krugman's "brilliance"? The

[PEN-L:327] Quote of the week from http://www.users.dircon.co.uk/~netking/finan.htm

Testimony of Chairman Alan Greenspan The crisis in emerging market economies Before the Committee on the Budget, U.S. Senate September 23, 1998 "This heightened sensitivity of exchange rates of emerging economies under stress would be of less concern if banks and other financial institutions in th

[PEN-L:322] Re: Re: One quarter of one point

At 06:16 AM 10/1/98 -0700, you wrote: >There seems to be a great deal of enthusiasm in Europe this morning for >Greenspan's bold interest rate cut. The funny thing is, the U.S. federal >reserve faces a genuine dilemma. If they cut rates sharply enough to head >off global deflation, they would simp

[PEN-L:331] Ideological origins of Indian residential schools in theUnited States

David Wallace Adams, "Education for Extinction: American Indians and the Boarding School Experience 1875-1928", pp.12 -21: The word was civilization. European and American societies were civilized; Indians, on the other hand, were savages. The idea functioned at several levels, or rather, served

[PEN-L:323] [Fwd: TIAA-CREF Tobacco Divestment]

I beg pardon for useless or otherwise crosslisting this. A mass mailing seemed efficient. As I am writing about accountability in the apparel business as we speak, so to say, if I have inconvenienced or offended you, fire away. It is, I note, six years, three months, 24 days since my last puff.

[PEN-L:332] Part 2 "The Enemy of my Enemy"

--- Forwarded Message Follows --- From: "James Michael Craven" <[EMAIL PROTECTED]> Organization: Clark College, Vancouver WA, USA To:[EMAIL PROTECTED] (Raphael Seliger), [EMAIL PROTECTED], [EMAIL PROTECTED] Date: Thu, 1 Oct 1998 18:54:43 PST8PDT Subject:

[PEN-L:333] Threat to Free Speech in Copyright Law

"The bill, which would overturn 200+ years of Copyright law without the benefit of even a single Senate hearing, creates a new form of intellectual property for databasesThe bill would impact myriad databases, ranging from a list of 100 chemical compounds in an experimental drug or the 5

[PEN-L:325] Brazil stock market crash

As of 3:25pm, NYC time, the Brazilian stock market is 7.56% off from yesterday. By comparison, the Dow-Jones average, which has fallen by 240 points since the opening this morning, is off by only 3%. The bourgeois press is fairly unanimous on the threat posed to the US economy if Brazil goes down.