>Gerald Levy wrote (of the Daily Labor Report):
>
>>seriously, Dave: stop it!
>
Why would anyone object to Dave Richardson's amazingly useful reports? I,
for one, don't have time to read every major paper every day and find lots
of interesting nuggets in the Daily Labor Reports. Please keep them
RE: The failure of "Keynesian" policies.
"But individual initiative will only be adequate when reasonable
calculation is supplemented by animal spirits, so that the though of
ultimate loss which often overtakes pioneers...is put aside
This means, unfortuantely, not only that slumps
At 02:05 PM 1/27/99 -0800, you wrote:
to
> The US is pushing for the Japanese to open her financial markets, a
>move that promises more benefit to the US economy that saving the welfare the
>American Steel workers. She also need the Japanese to continue buying US
>Treasuries.
Funny, this conven
I hate to interrupt these fascinating disquisitions on post-structural
subjectivities and what not, but I am REALLY CONFUSED and hope someone out
there (you listenin', Max?) can help.
Clinton's budget projects a $4.4t surplus over the next 15 years (yeah,
right!). Clinton proposes
I apologize for any criticism of Elaine Barnard and the Harvard Trade Union
Program that some may have inferred from my earlier post (meant
humorously!). Elaine Barnard is a terrific person, a wonderful speaker and
superb organizer.
My comment about the
In my comment that Harvard maintains the TUP to keep an eye on them, I was
paraphrasing Elaine Barnard (the TUP director) who made this observation in
a talk a few years ago, though I don't recall her exact words.
Ellen Frank
>HARVARD TRADE UNION PROGRA
>Ken Hanly wrote:
> Does this include Noam Chomsky?
MIT keeps on people like Chomsky for the same reason Harvard maintains a
trade union program -- to keep an eye on them. As Michael Corleone said,
"keep your friends close, and your enemies closer."
Ellen Frank
Some years back, some of you old-timers might recall, there was a
discussion on pen-l of the exchange of blood and reference was made to a
study (book?) tracing international exchange of blood from the poor to the
(relatively) rich. Does anyone recall the reference?
Thanks in adv
Guys! Guys! Guys! Alrightalready! Stop! Cease! Ferchristsake, you two
live in the same neighborhood, why not just take it outside?
Ellen Frank
At 11:00 AM 1/12/99 -0800, you wrote:
>While you are at it, any rebutal to Milton Friedman's Social Security
>Chimeras on the WSJ op-ed page (11/11/99)?
>
>Henry C.K. Liu
>
Friedman's editorial (in yesterday's NYT, by the way), points out,
correctly, that the SS trust funds and projected shortfall
I remember reading somewhere that the average unemployment rate in the US
in the latter half of the 1800s was probably around 20%. Anyone else seen
this figure? Any comparables for England?
Thanks, Ellen Frank
At 10:45 AM 1/7/99 -0500, you wrote:
>BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
>The prevailing view at the three-day meeting of the American Economic
>Association was that high stock prices probably reflect the economy's actual
>strength and not a speculative bubble that could burst. ... In t
At 01:58 PM 12/8/98 -0500, Max wrote:
> *If* the trust
>fund bonds are redeemed with general revenue, there
>is no long-run overuse of the payroll tax. I think
>there is little likelihood of any other outcome,
>as long as the institution of the trust fund is
>maintained and respected.
>
I'm trou
At 08:09 AM 12/8/98 -0800, you wrote:
With Ellen Frank's permission all Pen-l'ers should
>copy her short explanation and distribute it through every imaginable means.
>
>
Permission Granted -- Ellen Frank
In response to Bill Lear's question, I've attached a short piece I wrote on
SS for a local union publication.
Ellen Frank
Each year, American workers pay more into the Social Security (SS) system
than retirees take out. The difference, now about $90b per year, is
sav
At 12:18 PM 10/26/98 -0800, Colin wrote:
>This is a false dichotomy. You can argue that there are
>real forces acting on exchange rates without adopting
>an equilibrium model or asserting that markets are
>efficient. (Jim D makes a similar point.) I would strongly agree with
Ellen that
>equili
On October 26, Louis Proyect wrote:
>Aren't you the same Ellen Frank who had a sidebar in the Aug./Sept.
>"Dollars and Sense" in an article written by the NY manager for Camejo's
>Progressive Assets Management? I wasn't exactly sure where you stood, ...
>Louis Proyect
>
The very same Ellen Frank
At 08:25 AM 10/23/98 -Jim Devine wrote:
>right! trade issues only affect exchange rates in the long run (several
>years) via purchasing power parity -- or via speculator expectations. It's
>trading in assets that's crucial in the short run, not trading in goods and
>services. (BTW, this is the ba
I'm not sure what the origin of this line of discussion is, but it is now
pretty well accepted, even in mainstream international finance, that the
trading of currencies for the purposes of financing trade (yen for pounds
to buy British sweaters) is largely irrelevant in determining exchange
rates,
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