economics query about indebtedness in US

Does anyone have recent estimates of the total debt structure of the United States ? My approximate estimates were as follows: Total debt held by households about $32 trillion Total debt held by business about $4.7 trillion Total debt held by state and local government about $1.5 trillion Total de

Democratic Party?

Democratic Party? by Don Fitz February 25, 2004 THIRD PARTY Discussions of the 2004 presidential race often leave out the very important question of whether it is in the best interest of progressive movements for the Democratic Party to run someone for president. I believe that the Democratic Par

Blaming Nader

THE DEMOCRATS: OPEN UP OR SHUT UP SAM SMITH For the past four years, the only thing the Democrats and their media enablers have had to say about Ralph Nader is that he was to blame for their troubles. It was an utter lie that ignored, among other things, the lack of correlation between Nader and

McScience

NY Review of Books Volume 51, Number 4 · March 11, 2004 Review The Dawn of McScience By Richard Horton Science in the Private Interest: Has the Lure of Profits Corrupted Biomedical Research? by Sheldon Krimsky Rowman and Littlefield, 247 pp., $27.95 One of the most striking aspects of John Paul I

Re: Democratic Party?

Interesting, however, "Reason No. 1. The Democratic Party was responsible for the election of George W. Bush in the 2000 election." George W. Bush was not elected in 2000. Gore was. Bush took the presidency using his family friends in the Supreme Court. "Democratic candidates pretend to be less pr

Democrats nominate Hitler

Democrats nominate Hitler by Ran Prieur Wednesday, February 18, 2004 http://ranprieur.pitas.com/ BOSTON. After switching their allegiance from anarcho-communist Howard Dean to ultra-liberal John Kerry, and then to liberal John Edwards, on the final day of their convention Democrats switched one la

Winning with Nader

Counterpunch, February 25, 2004 Campaign Diary Winning with Ralph Nader By ALEXANDER COCKBURN and JEFFREY ST. CLAIR Listening to Democrats screaming about Ralph Nader's entry into the presidential race we finally understand the mindset of those Communist dictatorships that used to take such troubl

less support for free trade

I got this from the right wing Marginal Revolution web site. High-income Americans have lost much of their enthusiasm for free trade as they perceive their own jobs threatened by white-collar workers in China, India and otonal trade. The poll shows that among Americans making more than $100,000 a

Post-election, Korea?

Today’s Financial Times says the Bush administration is going through the motions of negotiating with North Korea, and will push for economic sanctions which could lead to war after the US election. FT reporter Andrew Ward says the US needs to bring the Chinese and South Koreans onboard, but “both

Re: Winning with Nader

Where was all this talk before Nader entered the race? Did I miss it? At 11:00 25/02/04 -0500, you wrote: Counterpunch, February 25, 2004 Campaign Diary Winning with Ralph Nader By ALEXANDER COCKBURN and JEFFREY ST. CLAIR Listening to Democrats screaming about Ralph Nader's entry into the preside

Facing South

F A C I N G S O U T H A progressive Southern news report February 6, 2004 - Issue 71 _ INSTITUTE INDEX - Bowl Barings Seconds that Janet Jackson's breast was exposed during Super Bowl halftime show: 2 Rank of "Janet Jackson boob" among most-searched words in internet history: 1 Value of "pe

Facing South Too

F A C I N G S O U T H A progressive Southern news report February 17, 2004 - Issue 72 INSTITUTE INDEX - To Our Health Percent of U.S. residents who rank health care as one of their "top issues": 82 Number of people in U.S. without health insurance, in millions: 43.6 Percent of personal bankruptc

Re: less support for free trade

Michael Perelman writes: >> I got this from the right wing Marginal Revolution web site. >> >> High-income Americans have lost much of their enthusiasm for free trade as they >> perceive their own jobs threatened by white-collar workers in China, India and >> otonal >> trade. Why is this surpris

Re: demo fervor

>>> [EMAIL PROTECTED] 02/23/04 09:20PM >>> Maybe I was not clear. If the Repubs. were clear about what they were, no working class people would vote for them. In fact, many do, including union workers. Michael Perelman <> although union members are more likely to identify themselves as de

Treacherous bastards

Counterpunch, February 25, 2004 Treacherous Bastards The Greens and the Dems and Nader By BRUCE ANDERSON We have one national political figure in this country of undoubted integrity and what does he get from this nation of ingrates? Accusations of spoiler and ego-maniac. Naturally the Greens joine

Re: FW: Things you don't want to know

God, this is SO American! Life is dirty. Enjoy! Joanna

Norman Solomon versus Peter Camejo

Jon Flanders posted a link to a debate between Norman Solomon and Peter Camejo about the 2004 elections. Unfortunately it didn't point to the correct page. If you go to http://leftcoastradio.org/, you will find the proper link. -- The Marxism list: www.marxmail.org

Mel Gibson and Opus Dei

Title: Message Here are some links on Gibson's relationship with Opus Dei an ultra-rightist cult inside the Catholic Church--Skull and Bones of the Catholic Church. At one prominent Opus Day church in Virginia, the membership included Scalia, Thomas, Louis Freeh and Robert Hanssen (the FBI m

Re: FW: Things you don't want to know

Title: Message Israel Closes Investigation into Rachel Corrie's Death Call for Independent U.S. Investigation into American's Death   The Issue On March 16, 2003, American Rachel Corrie was killed by an Israeli bulldozer as she was attempting to stop the destruction of a Palestinian home

Re: demo fervor

Here's a note from a friend of mine. Cheers, Mike B) * The Bush economic team is apparently at a loss on how to stop the erosion of US manufacturing jobs. (I think every monthly employment report for more than 40 consecutive months has sho

Re: demo fervor

Mike Ballard wrote: (I think every monthly employment report for more than 40 consecutive months has shown declining manufacturing employment.) 42, actually. Doug

Re: Democratic Party?

Please tell me how either Bush moved to the left to win a nomination and then moved left again to win an election, ignoring for the moment, the self-contradiction between your first paragraph "Bush was not elected," and your description of how both Bush's won their elections. dms - Original

Re: demo fervor

But the trend since 1980 has been pretty consistenly down. And the trend is your friend. - Original Message - From: "Michael Hoover" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> > although union members are more likely to identify themselves as dems > than reps and labor organizations ar

Re: demo fervor

dms: > But the trend since 1980 has been pretty > consistenly down. And the trend is your > friend. But that data are clearly heteroskedastic. You cannot reach a conclusion like that about the trend since 1980 just by eyeballing. Best, Sabri

Re: demo fervor

Sabri Oncu wrote: > > heteroskedastic. WHAT??? Carrol

Greenspan on Social Security

Is Greenspan working for the Dems.? Make the tax cuts permanent, cut social security to make the economy grow faster. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu

Our leaders are really smart

Some times we think of your leaders as being stupid. Some people have even questioned our president's intelligence. Look how smart senators are even though economists believed that it was impossible to beat the market. Senators' Stocks Beat the Market by 12 Percent By FT.COM Published: February

Re: the free trade/protectionism debate - let's not dumb down

In order for the argument that "American jobs are taken away by foreigners" to be at all credible, it must first be proved: (1) the same jobs producing the same output, which were previously performed by Americans, are now being done by foreign workers offshore, in the same proportion; (2) that A

Re: demo fervor

1. Heteroskedastic? What is that? Not in my concise OED. 2. If we can't reach a conclusion about a trend since 1980 then we can't reacch any conclusion period about the degree, the change in the degreee, of union household affinity for the Republican Party, and the whole discussion is pointless

Re: Greenspan on Social Security

All you need to know about Greenspan is that he's the guy who wrote a letter of recommendation to the Federal Home Loan Banking Board (remember them? regulated the S&Ls pre Reconstruction Finance Fiasco) to get Charles Keating the charter for Lincoln Savings and Loan. Guy's got the integrity and s

Re: Greenspan on Social Security

Seems like it. Greenspan said the USA can't afford the retirement benefits promised to baby boomers and urged Congress to trim them. This is a "cohort" theory of perpetuating capitalism, according to which "what you deserve" depends on your age, and if by a ceryain age you haven't got the cash toge

Re: demo fervor

Since you are talking about union member affinity for the Republican party, how about considering the fact that a growing percentage of present day union members are actually government employees. I am willing to bet that they skew significantly more Democratic than the union members working in

Re: Our leaders are really smart

"...members of the Senate trade > with a substantial informational advantage over ordinary investors," I don't know whether this tale of a senator is known to others. I remember meeting the Tennessee populist Senator Estes Kefauver on a downtown Minneapolis street corner during his run for the pre

Re: demo fervor

> Since you are talking about union member affinity for the Republican party, how about considering the fact that a growing percentage of present day union members are actually government employees. I am willing to bet that they skew significantly more Democratic than the union members working in

Re: Greenspan on Social Security

Get a grip Jurriaan, not everything has to do with whoring. Joanna Jurriaan Bendien wrote: Seems like it. Greenspan said the USA can't afford the retirement benefits promised to baby boomers and urged Congress to trim them. This is a "cohort" theory of perpetuating capitalism, according to which

Republican vs. Democratic styles

Some interesting comments at: http://www.jofreeman.com/polparties/polculture.htm J.

Re: Greenspan on Social Security

> Get a grip Jurriaan, not everything has to do with whoring. More than you think anyway. J.

Re: demo fervor

>Sabri Oncu wrote: >> >> heteroskedastic. > >WHAT??? > >Carrol Heteroskedastic means non-constant variance. If you look at the way the data varies with time, the fluctuations are larger initially and the fluctuations attenuate as the time progresses, although they appear to get larger again

Britain in Iraq: still no contracts

White House rebuffs UK contracts bid Terry Macalister Thursday February 26, 2004 The Guardian Top-level lobbying by British ministers on a trip to Washington on behalf of UK companies trying to win work in Iraq has been rebuffed by White House officials. The trade minister, Mike O'Brien, insiste

Re: Republican vs. Democratic styles

The deepest insight is that power flows down the hierarchy with the Repugs; upward with the Dems. On Thu, Feb 26, 2004 at 05:05:58AM +0100, Jurriaan Bendien wrote: > Some interesting comments at: > > http://www.jofreeman.com/polparties/polculture.htm > > J. -- Michael Perelman Economics Departmen

Getting Our Money's Worth

"Organized labor gave $85 million to the Democrats during the 2000 election cycle, but the Democrats still lost the White House and, even with another $90 million of labor money in 2002, are the minority party on Capitol Hill" ("Labor: Background,"

Re: demo fervor

Sabri Oncu wrote: Since "in the long run we are all dead", we have no means of collecting enough data If I'm remembering the literature correctly, there's not enough data to prove with statistical certainty that stock returns are positive over the long term. Doug

Re: demo fervor

Doug: > If I'm remembering the literature correctly, > there's not enough data to prove with statistical > certainty that stock returns are positive > over the long term. Well! It depends on what is meant by the long term but I don't think there exists such a concept as "statistical certainty".

Re: demo fervor

Sabri Oncu wrote: "What is the rationale behind forcing these Structural Adjustment Programs down the throats of countries like mine based on such a highly dubious model?" Making sure the investors make their profits? Joanna