We should not forget Kissinger's reminder to the Bildeburgers that the US was
an imperial core which didn't really know how to do imperialising. I'm
reminded of the story about Tony Lake bringing news of the resumption of the
Rwandan genocide to the Clinton cabinet (we must not forget there was
[NYT]
SEP 06, 2001
Debating Politics of the Surplus
By RICHARD W. STEVENSON
WASHINGTON, Sept. 5 - For all the partisan fighting over the
disappearing federal budget surplus, Republicans and Democrats are in
lock step on one issue: the desirability of sticking to their promises
not to use any
G'day all,
Excerpted from:
http://www.prudentbear.com/economic.htm
This morning, productivity growth was revised down to
2.1% from 2.7%. We have long argued that the increase in productivity has been
due to cyclical forces and convenient accounting rather than a secular
THE AGE Source: AFP|Published: Thursday September 6, 3:26 PM
SUVA - Deposed Fijian prime minister Mahendra Chaudhry today refused to
concede defeat in the Pacific island nations's general elections and alleged
there had been widespread vote-rigging.
I suspect that there has been a
The political criticisms of this statement are
obvious enough. I am interested in any responses
to the *factual* statements that people can offer,
if they were at the conference or if they have
spoken to someone who was there.
Please spare me the 'hasn't Israel done much
worse shit' routine. I
_
The Progressive
September 2001
Greenspan's True Colors
At a House Financial Services Committee hearing on July 18, Federal
Reserve Board Chairman Alan Greenspan said he was in favor of eliminating the
minimum wage. Under direct questioning from Bernie Sanders, the socialist
and
My mother will be proud! In response to my recently-published letter to the
editors of the L.A. TIMES (saying that the US government isn't anywhere
close to bankruptcy), I got my first hate-mail.
A fellow from Oceanside, CA (south of Orange County) writes:
After reading your letter I presumed
David S.'s reply to Charles:
I am still trying to think this through. There are two concepts here.
First, we have the concept of poverty, or the absence of the basic
necessities of life. However, as I think you agree, even this concept is
relative. Is a stone-age man impoverished? Is a
From SLATE --
... USA [TODAY] leads with word that the Federal Reserve is considering
buying corporate bonds for the first time ever, because of the increasing
scarcity of the Treasury bonds it usually invests in. The paper reports
that the Fed might seek congressional approval to do this in
I know that you folks probably don't read USA TODAY, the McNewspaper, so
here's important news showing the state of US politics these days:
A USAT insider reports that a Georgia state legislator said in
a speech during a House session that she has achieved psychic
contact with Chandra Levy.
Disappearing surplus my ass. Here's the latest
CBO projections for the surplus NOT COUNTING
Social Security, AFTER the tax cut:
2001-9 (i.e., deficit not counting SS)
2002 2
2003 -18
2004 - 3
200521 (hello)
200647
200778
2008 106
2009 147
2010 184
2011 283
Take
AN APPEAL TO PROGRESSIVE CALIFORNIANS
from Noam Chomsky, Juan Gonzalez, Gerald Horne, Manning Marable, Michael
Parenti, Howard Zinn and many more (see below)
We, the undersigned, urge you to join with us and ACT NOW to support the
ballot status of a reinvigorated left voice ? the Peace and
In a recent NY TIMES column (August 26, 2001), Paul Krugman likened the
Gorish lock box for US Social Security system to a sinking fund. If I
remember correctly, he favored such a fund because it would raise
confidence in the SS system. (I can't afford to pay for a copy of his
opinion.)
Jim Devine quoted Slate,
A USAT insider reports that a Georgia state legislator said in
a speech during a House session that she has achieved psychic
contact with Chandra Levy.
I say it's hearsay.
Tom Walker
Bowen Island, BC
604 947 2213
Don't hold out on us. Where is Chandra Levy?
Jim Devine wrote:
I know that you folks probably don't read USA TODAY, the McNewspaper, so
here's important news showing the state of US politics these days:
A USAT insider reports that a Georgia state legislator said in
a speech during a House
Chandra Who?
Steve
On Thu, 6 Sep 2001, Eugene Coyle wrote:
Don't hold out on us. Where is Chandra Levy?
Jim Devine wrote:
I know that you folks probably don't read USA TODAY, the McNewspaper, so
here's important news showing the state of US politics these days:
A USAT insider
Talk about a headline writer with an ax to grind! This story reports on how
the 35-hour week brings to a head an already existing problem with the
organization and staffing of French hospitals. It fails to mention that the
same problems are endemic in North America, where the 35-hour week plays
Economics Reporting Review
September 6, 2001
By Dean Baker
You can sign up to receive ERR every week by
sending a subscribe ERR
email request with your address in the body of the
email to
[EMAIL PROTECTED] You can find the latest ERR at
http://www.tompaine.com/news/2000/10/02/index.html
.
At 12:34 PM 9/6/01 -0400, you wrote:
Right
now, as far as I can see, the only ones
supporting the Dem's fiscal policy stance
are PK and the DLC.
Is it really true that most macroeconomists in Washington are now rejecting
the fiscal austerity of PK and the DLC? (PK the DLC sounds like a rock
Jim Devine wrote:
Is it really true that most macroeconomists in Washington are now
rejecting the fiscal austerity of PK and the DLC? (PK the DLC
sounds like a rock group.)
Dunno about Washington, but Wall Street is. Goldman Sachs is talking
about the need to forget the surplus for now and
Don't hold out on us. Where is Chandra Levy?
In Isreal!
http://aztlan.net/levyop.htm
http://aztlan.net/index.html
Not!
Michael Pugliese
Why is it that the economic orthodoxy (including PK) disses fiscal policy
favors monetary policy?
For example, in his analyses of Japan, PK ignores issues of how an economy
might be unresponsive to monetary policy, while exaggerating the
difficulties of fiscal policy. I'd say that the main
. . . Is it really true that most macroeconomists in Washington are now
rejecting
the fiscal austerity of PK and the DLC? (PK the DLC sounds like a rock
group.)
mbs: My source for this is a front-page article in the
WSJ last week (I think). Based on a round of
interviews, incl Blinder and
The first pillar of fiscal rectitude to
crumble will be any resistance to the cyclical
argument. Even PK acknowledges it. The real
key is the position on the longer-term.
mbs
Jim Devine wrote:
Is it really true that most macroeconomists in Washington are now
rejecting the fiscal austerity
- Original Message -
From: Jim Devine [EMAIL PROTECTED]
One reason why there's antagonism toward fiscal policy (versus
monetary
policy) might be an antagonism toward democracy. After all, the Fed
and the
Bank of Japan are not subject to very many democratic controls and
is thus
run
To: portside [EMAIL PROTECTED]
From: portsideMod [EMAIL PROTECTED]
Date: Wed, 5 Sep 2001 21:33:36 -0700 (PDT)
Subject: Italian Directors Plan Film on Genoa G8 Protest
Italian Directors Plan Film on Genoa G8 Protest
Sunday September 2, 2001
VENICE, Italy (Reuters) - A group of 25 Italian
http://user.tninet.se/~lto357q/framse1/iraq1.htm
CENTRAL COMMITTEE
IRAQI COMMUNIST PARTY Shaqlawa 15-11-2000
Solidarity Flights to Baghdad:
Propaganda Exercise for Dictatorial Regime
There have been many civilian flights to Baghdad in recent weeks, carrying
all
BUREAU OF LABOR STATISTICS, DAILY REPORT, THURSDAY, SEPTEMBER 6, 2001:
Nonfarm business productivity was revised down to a growth rate of 2.1
percent in the fourth quarter as revisions to output data showed
production was slower than the government had originally estimated, the
Bureau of
Thursday September 6 1:04 PM ET
'Green' Farm Payments May Run Afoul of WTO
By Charles Abbott
WASHINGTON (Reuters) - The ``green'' payments touted as the new path
for U.S. agricultural supports could run afoul of world trade rules,
the same peril facing the billions of dollars in new crop
Also, the story says Treasury bonds are getting
scarcer because current projections say the national
debt will be virtually retired by 2010, but doesn't
explain how this can be on the new, new, disappearing
surplus current projections. ...
Believe it or not but I hate the idea that the US
NY Times, September 2, 2001
MARKET WATCH
Take Away the Window Dressing, and Who Will Buy?
By GRETCHEN MORGENSON
With the global economy in a stall, corporate spending at a
standstill and layoffs threatening to subvert consumer spending, it
is no surprise that the United States stock market
is anyone following the 'patacon' phenomenon in Argentina? In the face
of budget balancing requirements, Buenos Aires has issued a different
currency, the patacon (singular; plural is patacones) so that they can
can pay workers wages and meet other commitments. an important part of
promoting
- Original Message -
From: Charles Brown [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, September 06, 2001 1:55 PM
Subject: [PEN-L:16805] More on corporate book cooking
NY Times, September 2, 2001
MARKET WATCH
Take Away the Window Dressing, and Who Will Buy?
By GRETCHEN
*** FUTILITY OF ALLIANCES IN GLOBAL JUSTICE MOVEMENTS ***
By Patrick Bond
(Editor's Note: The following contribution by Patrick Bond is excerpted
from a longer FPIF discussion paper entitled, Strategy and Self-Activity
in Global Justice Movements. It represents the start of a new effort by
FPIF
The Party has called for distinguishing between our people and the rulers;
i.e. between the victim and the criminal. Accordingly, we continue to call
for tightening the political and diplomatic isolation of the dictatorship,
and maintaining military sanctions. UN control over the oil
Well, to keep the Fed from picking winners and losers, the Fed could hire
Michael Millken to do the picking. Or does that just shift the picking back a
level? Maybe split it between Millihen and Charles Keating? \
Or maybe the Fed should rely on the method I use to pick winners --
Heh, Macdonald, then the ANC and SACP called for sanctions against
apartheid South Africa, was that , rank opportunism, too?
Sanctions regime has killed half a million, yes, but, if you look at
scholarship on Iraq, like the works of the exiled Iraqi ex-Trotskyist Samir
al-Khalil aka Kenan
From FPIF, the joint project of Tom Barry and Martha Honey (y'all
remember her from the LaPenca bombing and the case of the Christic Institute
against the Iran-Contra crew).
Direct your comments about the Radio Free Iraq cite to FPIF, they publish
letters.
Michael Pugliese
Zunes writes for Z frequently.
Michael Pugliese
http://fpif.org/briefs/vol6/v6n01iraq.html
Iraq: 10 Years After Gulf War
Volume 6, Number 1
January 2001
Written by Stephen Zunes, Middle East EditorForeign Policy In Focus
Editors: Tom Barry (IRC) and Martha Honey (IPS)
Key Points
The
http://www.ireland.com/newspaper/finance/2001/0905/fin18.htm
Wednesday, September 5, 2001
US economist expounds
on great euro mistake
ON WALL STREET/Conor O'Clery
The launch of the euro coinage last week brought yet another warning
from Prof Milton Friedman that the whole thing is a great
http://user.tninet.se/~lto357q/framse1/
Saddams Call for Dialogue with Kurdish Forces: A Worn-out Manoeuvre A
spokesman of the Politburo of the Kurdistan Communist Party - Iraq
http://user.tninet.se/~lto357q/framse1/723kurde.htm
Interview with Iraqi Communist Party Leader Hamid Majeed
One forgotten aspect of the Charles Keating story was that when wasn't
robbing Grandmother's, he was an anti-porn crusader.
http://www.google.com/search?q=Charles+Keating+Anti-Porn
http://www.sexuality.org/l/davids/cn55.html
(Larry Flynt Meets Albert Brooks: Some Thoughts on Sex, Class, Age,
Michael Pugliese wrote:
One forgotten aspect of the Charles Keating story was that when wasn't
robbing Grandmother's, he was an anti-porn crusader.
http://www.google.com/search?q=Charles+Keating+Anti-Porn
http://www.sexuality.org/l/davids/cn55.html
(Larry Flynt Meets Albert Brooks: Some
BANKING
What India Could Learn From East Asia
http://www.feer.com
India's relative insulation from the global economic downturn provides
it with an invaluable opportunity to revamp its financial system. As
East Asia discovered so painfully, the health of the banking system
underpins that of
...In addition to all this, the regime's oppressive apparatus is
terrorising the native population by savagely attacking them and demolishing
and burning their homes...
http://user.tninet.se/~lto357q/framse4/kurdicp7.htm
http://www.fdic.gov/bank/historical/sl/slbib9.html
Charles Keating and Lincoln Savings and Loan
Adams, James R., The Big Fix: Inside the SL Scandal: How an Unholy Alliance
of Politics and Money Destroyed America's Banking System, New York: John
Wiley Sons, Inc., 1990.
Binstein, Michael and
Right on. The same problems exist in Manitoba and no doubt Ontario where
there are plans afoot to legislate flexibility by the Harris govt. I think
that is code for a sixty hour work week.
Cheers, Ken Hanly
- Original Message -
From: Tom Walker [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
In his book on the SL disaster, Martin Mayer reproduces the letter
Alan Greenspan wrote on Keating's behalf, praising him as a fine
upstanding character. He was reportedly paid $20,000 for the task.
Doug
=
Isn't the SL crisis the origins of the term 'corporate welfare'?
Ian
The draft declarations coming out of the racism
conference mentions no country other than Israel,
and alludes to no others but Serbia (once). There are
a number of references to Palestine, but nothing
beyond generalities for everything else (i.e.,
statements against racism pertaining to Asians,
No. Bob Reich started it in 1993. Unfortunately.
mbs
-Original Message-
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Ian Murray
Sent: Thursday, September 06, 2001 8:38 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:16823] Re: Re: Re: Re: financial news
In his book on
http://www.google.com/search?q=Corporate+welfare+btnG=Google+Search
http://directory.google.com/Top/Society/Issues/Business/Corporate_Welfare/
Recently, the SF Chronicle started carrying this libertoon, Malkin, for
balance. Yuck.
Michelle Malkin's Porkwatch.com - http://www.porkwatch.com/
A
- Original Message -
From: Max Sawicky [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, September 06, 2001 5:52 PM
Subject: [PEN-L:16825] RE: Re: Re: Re: Re: financial news
No. Bob Reich started it in 1993. Unfortunately.
mbs
Author Kallen, Laurence H
Japanese Report Adds to Global Economic Fears
By Paul Blustein and Akiko Kashiwagi
Washington Post Staff Writers
Friday, September 7, 2001; Page A01
The global economic outlook darkened this morning as Japan announced
that its economy shrank sharply in the second quarter, a day after
stock
At 04:53 PM 09/06/2001 -0500, you wrote:
is anyone following the 'patacon' phenomenon in Argentina? In the face
of budget balancing requirements, Buenos Aires has issued a different
currency, the patacon (singular; plural is patacones) so that they can
can pay workers wages and meet other
COMMUNICATIONS STAFF
From Very Senior To Entry Level
The Service Employees International Union (SEIU) is the largest and
fastest-growing union in North America and in California, with 1.4
million members in health care, building services and public services.
SEIU is the nation's largest health
The term is much older than that. Tom Haydens run for the Senate, used
the term Corporate Welfare . (also Crime in the Suites.)
Max Sawicky wrote:
No. Bob Reich started it in 1993. Unfortunately.
mbs
-Original Message-
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On
The draft declarations coming out of the racism
conference mentions no country other than Israel,
and alludes to no others but Serbia (once). There are
a number of references to Palestine, but nothing
beyond generalities for everything else (i.e.,
statements against racism pertaining to Asians,
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