Michael,
In bankruptcy management can run the business and engage in ordinary course
transactions but they now have to shift their fiduciary duty to include
creditors, not just shareholders. Certain transactions require the approval
of the bankruptcy judge. The management has 180 days to
Wishful thinking
by Justin Schwartz
11 February 2002 18:12 UTC
Charles' headline implies that I wish that Marxism were dead, and that is
why I hold this false belief. In fact I regret that it is dead. so if the
belief is false, my adherence to it must have another explanation. Charles
says
The Times of India
MONDAY, FEBRUARY 11, 2002
KFC outlets total 600 in China
PTI
BEIJING: The US-based fast food giant, Kentucky Fried Chicken (KFC), which
has opened 600 outlets in China, plans to open 120 more branches this year,
a senior company executive has said.
KFC opened for business
In the heyday of Keynesian, Hayek was a _young_ fossil; when he was an
old
fossil, he triumphed.
jks
Over Keynes? I think not. An Austrian critique of Soviet-style central
planning is much more defensible than an Austrian critique of Keynesian
demand management. I was not aware that
2/Triumph of the method of Marx
General Overview part 1
Melvin P.
The triumph of what is fundamentally an intellectual movement proceeding from
the assumptions and conclusions of Karl Marx and Frederick Engels is so
absolute in its resounding victory that no one in modern society can
2/Triumph of the method of Marx
General Overview part 2
Melvin P.
The place of antagonism in contradiction or rather the development of
contradiction as movement in antagonism has been the cliff from which man
Marxist theorist leaped to their theoretical death. Under our current
conditions
A Future for Marxism? (Was: Wishful thinking)
by Justin Schwartz
12 February 2002 04:30 UTC
The argument is historical, and is available to anyone who has eyes in his
head. In the era of 2nd International, Marxism was a powerful force among
Western European workers. It bounced back, some,
CB: No, no, Justin, I'm the one wishing in this thread. I'm putting forth a
utopian socialism. Engels has turned into his opposite.
Charles, I didn't know you had it in you.
But seriously, I only meant that because Marxism is true, it has a tendency
to fulfill itself. But there can be
The New York Review of Books
February 28, 2002
Feature
The Betrayal of Capitalism
By Felix G. Rohatyn
During my nearly four years as ambassador to France I frequently gave a
speech I called Popular Capitalism in America to audiences throughout
France. This is a subject of intense interest to
Adding Bush's diminishing appointment of women to policy decision making
governmental positions (article follows) to an all white, male agenda
setting elite constant like, say, the Senate and House committee chairs
-- Hollings, Byrd, Baucus, Tauzin, Thomas, Sensenbrenner, Stump, to name a
few
The Washington Post story refers to Brookings as a progressive Washington think tank.
Next they'll be calling Heritage and CATO middle of the road think tanks.
snip
Of the 402 Bush nominees so far whose positions require Senate
confirmation, 102 are women, or about 25 percent, reports
Steve, thanks for your answer. I knew that it was expected to produce
revenue. My question is why the revenue went to Enron rather than the
creditors. Why would they approve such an arrangement? Am I missing
something.
--
Michael Perelman
Economics Department
California State University
Remember that the creditors do not necessarily want their principal back if
there is a way to generate cash flow sufficient to meet interest payments.
Of course, if the company is really going down the drain then a
reorganization becomes necessary and creditors may be forced to accept new
lower
I had raised an objection to Fred's theory in 21987 and 99. I have
found that Samuel Hollander makes a similar criticism of Marx in his
classical Economics:
The curve relating the profit rate and accumulation--whatever its
slope--is continually shifting outward because of an increase in the
BUREAU OF LABOR STATISTICS, DAILY REPORT, TUESDAY, FEBRUARY 12, 2002:
U.S. chain store sales rose in the week that ended Saturday, a possible sign
that the economy is edging its way out of recession, according to two
reports out Tuesday. U.S. chain store sales rose 2.1 percent during the
week
http://www.counterpunch.org/
February 11, 2002
Oil, Sharon and the Axis of Evil
The Great Game
By Uri Avnery
Some weeks ago, something curious happened: Israel discovered that Iran is
the Great Satan.
It happened quite suddenly. There was no prior sensational news, no new
discovery. As if
It's important to note that Justin is referring below to issues of Marxism
as influencing social movements. Though there's nothing wrong with
Marxism-as-a-method as far as I can find, what really matters is the social
movement.
Justin writes: The argument [about the demise of Marxism] is
This makes great listening. It is part of an initiative by the AFL-CIO to
get Enron directors off the boards of other companies.
http://www.qualcomm.com/IR/ir36.html
Stephen F. Diamond
School of Law
Santa Clara University
[EMAIL PROTECTED]
It's important to note that Justin is referring below to issues of Marxism
as influencing social movements. Though there's nothing wrong with
Marxism-as-a-method as far as I can find, what really matters is the social
movement.
I'd put it slightly differently: when I speak of the demise of
--- Original Message ---
From: michael pugliese [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Date: 2/12/02 2:38:36 PM
Like Thomas, I'm wondering why Iran was included in the State
of the Union speech as composing one of the three axes. Can only
surmise the influence of AIPAC (like this website
A Future for Marxism? (Was: Wishful thinking)
by Justin Schwartz
12 February 2002 04:30 UTC
The argument is historical, and is available to anyone who has eyes in his
head. In the era of 2nd International, Marxism was a powerful force among
Western European workers. It bounced back, some,
In a message dated 2/12/2002 2:18:34 PM Central Standard Time, [EMAIL PROTECTED] writes:
I had raised an objection to Fred's theory in 21987 and 99. I have
found that Samuel Hollander makes a similar criticism of Marx in his
classical Economics:
"The curve relating the profit rate and
Ken Hanly is right. Google in the hands of Pugliese can find any damn
thing.
Michael Pugliese
Zoroastrian and Parsis in Science Fiction
... Kim Stanley Robinson, Red Mars. New York: Bantam (1993) (Nebula
award), 2059, Pg. 418: No wonder Marxism is dead. ...
www.adherents.com/lit/sf_zor.html
America's imperial war
The liberals who backed the Afghan bombing are now lined up with rampant US
militarism
George Monbiot
Tuesday February 12, 2002
The Guardian [UK]
Never was victory so bitter. Those liberals who supported the war in
Afghanistan, and so confidently declared that their
This crucial story in the LA Times explains the link between the California
energy crisis and the collapse of Enron. As the excerpt below indicates,
Enron needed huge amounts of cash to act as a market maker in energy
futures. The company then assumed that its early profit margins in this
Steven,
thank you for your many illuminating posts.
This marking to market seems similar to the false revenue recognition
by software firms which were seem to have thumbing their noses at SEC
standards which differ for software and hardware firms. Aren't there
a whole bunch of lawsuits
Rakesh wrote:
I know VC firms are sitting on a $100bn or so, but I wouldn't
think they'd like to see it go to covering enormous legal costs
of their start ups. But hell what else are they going to do
with
it--create another NASDAQ bubble though led this time by
biotech
and medical equipment
[I thought economists didn't believe in the soul? Oh, and Fritz Hollings can redeem
himself by
telling CSpan viewers that, yes, FedEx workers need and have the right to a union
just like UPS!,
senile bastard pile of frog crap.]
Gloom as Kenneth Lay slips off the hook
Enron man 'adds years' to
From the Guardian article Jim sent:
Yet still the armchair warriors who supported
their bombing of Afghanistan cannot understand
that these people now present a threat not just
to terrorism but to the world.
Below is an article by someone who identifies himself as a member
of the war party.
Michael Pugliese wrote:
One other piece making the rounds from Uri Avnery in the latest
Counterpunch, seems way too reductionist to me. Hint; It's All Oil!
Michael is right. Avnery's piece looks like a fallacy of misplaced
concreteness. At the same time, if oil is not under discussion in a
I was glad to see on the website of the Review of Radical Political Economics
http://www.urpe.org/rrpehome.html
the Editorial Board has removed the sanction denying Dr. Kliman the right
to submit articles to RRPE for publication
It also clarifies what it describes as a misunderstanding, and I
At 12/02/02 16:42 -0800, you wrote:
Ken Hanly is right. Google in the hands of Pugliese can find any damn
thing.
Michael Pugliese
Yes I try to learn from this technique. It is rather like free association
in a very large group. You do not always know whether your association is
the
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