RE: The Globe and Mail on NMD system.

Apropos the conversation on the uselessness of "globalization" and the Bush Admin. obsession with deepening the militarization of space-time. So while we have governments, are we heading into a post-Westphalian political ecology of conflict via elite pessimism becoming ever more instantiated in t

RE: RE: RE: Al Goes Wacky

. . . jibe with M & B's latest S of WA? If not where's AG getting his data from? [sorry, haven't got my copy of it yet] mbs: Where are saying there is a contradiction? Remember, taxable income is a much narrower category than anything in GDP. *** I can't make out your fir

To pee or not to pee, safer not to pee...

The Arkansas Times January 12, 2001 Pee on your own time By Max Brantley The corporate community, not satisfied with cheap workers comp insurance (thanks to increasing legal obstacles to on-the-job injury claims) is turning the screws, with help from the governor and the state Workers Compensat

greenspan speech

I just looked at Greenspan speech for a few minutes. It doesn't make much sense, much as Max suggested. Greenspan worries that people holding thirty-year bonds won't want to cash them in. As a result, the government would have to buy private assets. If the economy is so healthy and vigorous, a

Re: Re: holy trinity/Yugoslavia in transition

Peter wrote: >The first two have to be altered simultaneously and fairly quickly; the >third, by its nature, takes more time. I think insufficient thought has >been given in most shock therapy programs to two major issues: what are >all the unemployed supposed to be doing when they lose their job

Re: Re: Stweart on Milken

>Nathan wrote: > >I just see Milken as the typical "big fish" that prosecutors were able to > >get because of his arrogance and careless disregard for the law. I wrote: >-or maybe he's a scapegoat, like William Calley of My Lai infamy. Nathan ripostes: >And do you or Doug have evidence of orde

RE: RE: Al Goes Wacky

. . . jibe with M & B's latest S of WA? If not where's AG getting his data from? [sorry, haven't got my copy of it yet] mbs: Where are saying there is a contradiction? Remember, taxable income is a much narrower category than anything in GDP. Can I get paid to say this crap, especially the seco

RE: Al Goes Wacky

Maxster, Does AG's claim of: "In contrast, the experience of the past five to seven years has been truly without recent precedent. The doubling of the growth rate of output per hour has caused individuals' real taxable income to grow nearly 2-1/2 times as fast as it did over the preceding ten y

Re: holy trinity/Yugoslavia in transition

I mostly (but not completely) agree with Barkley on this. For me, the main point of macroadjustment is an interconnected set of conditions: 1. There is massive disguised un- and underemployment on the rolls of SOE's. 2. This is financed through a combination of price controls and subsidies (and

Re: Re: Stweart on Milken

Nathan Newman wrote: >And do you or Doug have evidence of orders coming down from the high command >of Capital to create such a scapegoat? How about the SEC, the U.S. Attorney's Office in Manhattan, and the Federal Reserve? You know, the executive committee of the bourgeoisie. Doug

Re: Re: Re: Stweart on Milken

Nathan Newman wrote: >So why should you line up with the most union-busting element of capital in >defense of Milken? Because I'm a petit bourgeois apologist for imperialism. Next question? Doug

Re: holy trinity/Yugoslavia in transition

J. Barkley Rosser, Jr. wrote: >Let us consider Poland in particular, and what is involved in >"Polish shock therapy." First of all, everyone should be aware, >if they are not, that Poland has had by far the best macro >performance of any of the European transition economies. It >is probably the

Re: Stweart on Milken

- Original Message - From: "Jim Devine" <[EMAIL PROTECTED]> At 01:54 PM 1/25/01 -0500, you wrote: >I just see Milken as the typical "big fish" that prosecutors were able to >get because of his arrogance and careless disregard for the law. -or maybe he's a scapegoat, like William Calley

Al Goes Wacky

Greenspan's testimony today is a remarkable departure from his operational, hard-right conservative mode. It's like a mini-Ayn Rand burst out of his chest, a la Alien. I do not refer to his acquiesence to tax cuts. This was not unexpected, merely a sign of his political scruples. Boy, isn't it

Re: The Globe and Mail on NMD system.

>The Globe and Mail Monday, January 15, 2001 > >The final frontier > > There's more than meets the eye to the > controversial U.S. scheme, says scientist > John Valleau. Much, much more > > By John Valleau > > Incoming U.S. president George W.

Re: Re: Re: RE: Re: Free Mike!

The Wall St. Journal, Apr. 26, 1990, On What Milken Pleaded Do He Admits Cheating Clients And Plotting With Boesky To Assist a Posner Raid --- Teary Scene in the Courtroom By Laurie P. Cohen Staff Reporter of The Wall Street Journal NEW YORK -- He was almost at the end of a detailed confessio

Re: Re: Re: Re: Re: Stweart on Milken

At 01:54 PM 1/25/01 -0500, you wrote: >I just see Milken as the typical "big fish" that prosecutors were able to >get because of his arrogance and careless disregard for the law. or maybe he's a scapegoat, like William Calley of My Lai infamy. Jim Devine [EMAIL PROTECTED] & http://bellarmine.l

Re: Re: Stweart on Milken

- Original Message - From: "Doug Henwood" <[EMAIL PROTECTED]> Nathan Newman wrote: >But if Milken-hating is so good for upholding the legitimacy of the >financial system, why is there such a strong conservative defense of Milken? >You are acting like an apologia for Milken is some kind

holy trinity/Yugoslavia in transition

This will constitute a combined response to Jim D., Yoshie, and Paul P. Obviously I was at least being deliberately provocative, but not entirely so. The analysis of this must be done in a detailed way. Let me begin with Yoshie. I thank her for providing the info from the EBRD on wh

Milken again

Do investors really read the warnings in a prospectus? I bet Milken wishes that he had attorneys that were as persuasive as Doug and David. I had relied heavily on Stewart. I had not read his Clinton book, but I understand that it had considerable faults. So I will back off a bit on Milken. I

Re: Re: NMD:anti-imperialist proletarian internationalism

Ken Hanly>Is there much discussion of the NMD > system in the US by the > left? Not enough. The newest issue of The Nation has piece by Karl Grossman who has a forthcoming book on NMD. Check out the websites of the Federation of American Scientists, John Pike, has alot of useful info on military

Re: Re: Re: Re: Re: Re: Re: Stweart on Milken

Nathan Newman wrote: >But if Milken-hating is so good for upholding the legitimacy of the >financial system, why is there such a strong conservative defense of Milken? >You are acting like an apologia for Milken is some kind of transgressive >left challenge to capitalism, yet the idea that Milken

Re: Re: Re: Re: Re: Stweart on Milken

>>> [EMAIL PROTECTED] 01/25/01 02:08PM >>> > >How do you analyze these alignments (other than residual YAFism on your part >and residual liberalism on mine)? Like I said, Milken-hating implies that the rest of the financial racket is legitimate and upstanding, so if the bad apples are isolat

Re: Re: Re: Re: Re: Re: Stweart on Milken

- Original Message - From: "Doug Henwood" <[EMAIL PROTECTED]> >Why those are related is an interesting statement. Although it is true that >you line up with FORBES and NATIONAL REVIEW in vilifying Clinton to the >extreme while defending Milken. > >How do you analyze these alignments (othe

Cold and Energy Crisis in Sibera..

Seems that Russia is striving now to catch up to and surpass the US in buck=passing. Everything bad is the result of previous administrations...in the Russian case, the communists.. CHeers, Ken hanly Los Angeles Times January 20, 2001 It's Colder Than Siberia--Even in Siberia Russia: Blackouts a

Re: Re: RE: Clinton's Pardons...

http://www.ebar.com/ Not up yet on their website, but the copy of the Bay Area Reporter, a gay weekly in S.F., I just picked up this morning, on the top fold of the front pg. has a story on Linda Evans. Will fwd. once its up. A former housemate's girlfriend, in the early 90's was involved in PFOC

Re: Re: Re: Re: Re: Stweart on Milken

Nathan Newman wrote: > >It doesn't surprise me that cyberspace's best left defender of Bill >>Clinton is also Mike Milken's biggest enemy. > >Why those are related is an interesting statement. Although it is true that >you line up with FORBES and NATIONAL REVIEW in vilifying Clinton to the >ext

Re: Re: RE: Re: Free Mike!

Slobodan wrote: >I have a friend who is a rabbi and knows Milken. He is impressed with him >because he gives lots of money to various Jewish charities apparently, >some of which would probably not be approved of by many on this list >because of their links to Israel. But, I gather his charitab

BLS Daily Report

BLS DAILY REPORT, MONDAY, JANUARY 22, 2001 __Overall union membership fell last year, says the Bureau of Labor Statistics, but unions gained among black female workers. Their union membership rose to 15.4 percent from 14.4 percent in 1999 (Wall Street Journal's "Work Week" feature, page A1). __

BLS Daily Report

BLS DAILY REPORT, WEDNESDAY, JANUARY 24, 2001 Responding to growing interest in various stock plans offered as employee benefits, the Bureau of Labor Statistics incorporates questions on the incidence of stock options into its annual benefits survey, as it continues exploring options for measurin

Re: Re: Re: Re: Stweart on Milken

- Original Message - From: "Doug Henwood" <[EMAIL PROTECTED]> Nathan Newman wrote: >And why are prosecutors and other enemies of Milken, including large numbers >of union leaders as well, such bad sources of information? -Hmm, would you trust prosecutors as a source of information on un

Re: Re: Free Mike!

Jim Devine wrote: >I think this is looking at the issue with rose-colored glasses. A >lot of these junk bonds were issued by what others would see as >pirates. Every junk bond prospectus was full of legal language saying essentially that they were one step above radioactive waste - that they

Re: RE: Re: Free Mike!

I have a friend who is a rabbi and knows Milken. He is impressed with him because he gives lots of money to various Jewish charities apparently, some of which would probably not be approved of by many on this list because of their links to Israel. But, I gather his charitable giving extends w

Re: RE: Re: Free Mike!

I understand David's point about the importance of opening up finance, but the junk bond revolution was not a good way to do it. First, it has saddled firms with a higher level of debt, which has increased general financial fragility and also tends (ceteris paribus) to shorten firms' planning hor

Street terms

Mat wrote: >Speaking of drugs and crime, I found this link to be good for a chuckle or >two: > > > >Street terms for drugs and the drug trade from the white house. Even without >first hand knowledge, you can tell how 'off' some of this

Re: RE: Clinton's Pardons...

I have not seen any comments regarding the pardons of Linda Evans and Susan Rosenberg. I wonder Clinton pardoned them, and why he hasn't taken any heat for it. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]

Re: Free Mike!

David S. wrote: >In response to Jim Devine: > >Whether Milken was operating a Ponzi scheme is an empirical question. Exactly: I'll let Doug & others answer this in greater detail. >There is no evidence that he was. My point is that he may have been doing so without knowing it. >It wasn't like

RE: Stweart on Milken

Michael Perelman wrote: <<46: By 1977, Milken's operation controlled 25% of the market for high yield securities. It was the only firm maintaining a market in them. His clients trusted his research in them. They accepted his price quotations as legitimate.186: The trades typically involved

Free Mike!

Hey, if all the others who did the same thing as Miliken are put in prison if Miliken is left in prison, I say leave him in prison and round up the whole gang. We could just convert Wall Street into a prison down there in lower Manhattan. CB >>> [EMAIL PROTECTED] 01/24/01 08:54PM >>> Michael --

RE: Clinton's Pardons...

I haven't been able to follow this whole discussion, but what could the justification possibly have been for pardoning his own brother, who was arrested for trying to sell coke to a cop?? I mean is it just that accepted that people can use their office for personal purposes that this kind of thin

Re: RE: Re: Free Mike!

David Shemano wrote: >As part of the 1982 banking deregulation, the Congress in its infinite >wisdom permitted savings and loans to invest in whatever they wanted, and >at the same time increased deposit insurance to $100,000. As a result, >[some] depositors put their money wherever they got t

Partial translation from Portuguese

From: Nestor Miguel Gorojovsky Contribution of MIGUEL URBANO RODRIGUES (PORTUGAL) to the "Resistence against neoliberal globalization" seminar, integrated with the World Social Forum (Porto Alegre, January 26, 2001) We are not only meeting here at the Integrated Seminar of the World Social For

RE: Re: Free Mike!

In response to Jim Devine: Whether Milken was operating a Ponzi scheme is an empirical question. There is no evidence that he was. It wasn't like Milken was raising money to lend money to people lending money to people lending money ad infinitum. Milken was raising money for entrepeneurs who e

RE: Re: Free Mike!

Yoshie Furuhashi wrote: <> - You are onto something. As part of the 1982 banking deregulation, the Congress in its infinite wisdom permitted savings and loans to invest in whatever they wanted, and at the same time increased deposit insurance to $100,000. As a result,

Clinton's Pardons...

So Clinton pardons relations and shady business partners but doesnt pardon Peltier who was extradited from Canada on the basis of perjured testimony and whose trial had all sorts of irregularities...nor other shady characters on the wrong side of the elite fence apparently, such as Milken. So he c

Re: Re: the holy trinity

The London Times writes: > ...The new government needs to privatise inefficient public services > and industry, starved of capital and management. Privatisation will > be uniquely awkward, because Serbia's public sector is not owned > solely by the state. It shares ownership rights with tra

Re: RE: Bush vs. Smith

At 10:58 AM 1/25/01 -0500, you wrote: >I did a little paper in grad school on Smith & taxes for my HOT >course. Went thru WoN for all references to the public sector. > >I did not find much in the way of ideas for how to spend tax dollars. > >Smith did have a nice summary of basic principles for

RE: Bush vs. Smith

I did a little paper in grad school on Smith & taxes for my HOT course. Went thru WoN for all references to the public sector. I did not find much in the way of ideas for how to spend tax dollars. Smith did have a nice summary of basic principles for tax design. As to equity, he says taxes ou

universal laws of economics

Folks- I am looking for two quotes, one from Summers, another I think from Sachs, but possibly from Stiglitz or Krugman, one I think from a Scandanavian Journal, to the effect that the "laws" of economics are "universal" and apply to all countries around the world, independent of socio-political,

Re: Re: Free Mike!

At 09:47 PM 01/24/2001 -0800, you wrote: >Michael P. wrote: >>As a person, he [Milken] was probably no more evil than many people >>around Wall Street. I assume that was an important part of Doug's >>original point. But he did also help fraudulent deals in which pension >>money was scooped up

Bush vs. Smith

the lead letter to the editors of the Los Angeles TIMES, today [1/25/01]: * Sam Fleischacker's excellent piece on Adam Smith's view of taxes versus that of George W. Bush (Commentary, Jan. 22) didn't go far enough. It's true that Dubya's view that it's our money and we owe it to no one confl

Re: Re: Re: Stweart on Milken

Nathan Newman wrote: >And why are prosecutors and other enemies of Milken, including large numbers >of union leaders as well, such bad sources of information? Hmm, would you trust prosecutors as a source of information on union leaders? Prosecutors are one source of information, but they have t

Re: Re: Stweart on Milken

- Original Message - From: "Doug Henwood" <[EMAIL PROTECTED]> >Remember that Stewart's major sources were prosecutors and other >enemies of Milken. And why are prosecutors and other enemies of Milken, including large numbers of union leaders as well, such bad sources of information? It

Re: NMD:anti-imperialist proletarian internationalism

A slip...nonetheless worth telling. Anti-imperialist proletarian internationalism "We are unanimous on this point with China and with our comrades in the People's Liberation Army of China." - First Deputy Chief of the Russian General Staff Colonel-General Valeriy Manilov said about the

Re: Stweart on Milken

Remember that Stewart's major sources were prosecutors and other enemies of Milken. Doug