Re: [PEN-L] the Bank of Japan

I might add that Japan Post Office (still not privatized) hold nearly 3 trillion dollars (yes that's right) in savings and insurance funds from citizens. This is what I was told a few hours ago by the former Indian Ambassador to Japan, who is now an academic. His view, in a different

[PEN-L] India's losers

http://www.spiegel.de/international/0,1518,404191,00.html SPIEGEL ONLINE - March 8, 2006, 02:33 PM Forgotten in Bangalore Meet the Losers of Globalization By Thomas Schmitt in Bangalore, India Economists predict a rosy future for the Indian economy, with the stock market rising from one record

[PEN-L] US businesses support Viet Nam's WTO entry bid

News Online - Vietnam Economic Times http://www.vneconomy.com.vn/eng/ VN - WTO US businesses support Viet Nam's WTO entry bid http://www.vneconomy.com.vn/eng/index.php?param=articlecatid=0712id=bf656661367422 VNECONOMY updated: 02/03/2006 US businesses have voiced their support for Viet Nam's

[PEN-L] Fwd: Pakistan

On lbo-talk we recently had a discussion (of sorts) of the US invasion of Afghanistan, which some see as a good thing (in retrospect). If there is any good thing that's come out of the War On Terror (WOT?), I'd say that it was instead with respect to Pakistan. In that case, it wasn't an invasion,

Re: [PEN-L] dollar etc

Jim Devine wrote: don't rising interest rates in the US and falling US domestic demand help prop up the USD (all else constant)? Not necessarily - if strong US demand means we're growing faster than everyone else, that would tend to strengthen the dollar. Slower growth would weaken it. Doug

Re: [PEN-L] dollar etc

I don't think it's strong economic growth in the US that props up the dollar. Rather, it's high domestic profitability and high returns on equities. Of course, high US economic growth is currently associated with those two. I wrote: don't rising interest rates in the US and falling US domestic

Re: [PEN-L] dollar etc

Jim Devine wrote: I don't think it's strong economic growth in the US that props up the dollar. Rather, it's high domestic profitability and high returns on equities. Of course, high US economic growth is currently associated with those two. Well yeah. But the growth differential is a proxy

Re: [PEN-L] dollar etc

do arbs have to do split-second decisions about relative growth rates? after all, growth-rate data leaks out slowly (with a preliminary estimate, etc.) On 3/9/06, Doug Henwood [EMAIL PROTECTED] wrote: Jim Devine wrote: I don't think it's strong economic growth in the US that props up the

[PEN-L] Rolling Stones to perform in China

HindustanTimes.com http://www.hindustantimes.com/ Thursday, March 9, 2006 » Infotainment » Music » News Features Rolling Stones to perform in China http://www.hindustantimes.com/news/181_1638800,001100050003.htm Indo-Asian News Service London, March 1, 2006 Veteran British rockers The

[PEN-L] Microsoft's compensation strategy

[the doc was handed to the Washington Alliance of Technology Workers] http://blog.seattlepi.nwsource.com/microsoft/library/MSCompGu.jpg [context below] http://blog.seattlepi.nwsource.com/microsoft/archives/101869.asp

Re: [PEN-L] dollar etc

Actually, I was thinking in terms of rising rates which result in a housing downturn, the effect this would have on consumer spending and the stock market and bond prices, and the consequent foreign dumping of US securities and dollar decline which would flow from that. I should have been more

[PEN-L] sexist asshat

Please help googlebomb this asshat. http://blog.pulpculture.org/2006/03/09/grab-your-barf-bags-then-googlebomb-the-sexist-asshat/ A S. Dakota politician explains that he can imagine some cases in which an abortion may be provided to a rape victim. Now, this is a guy who really does seem to be

Re: [PEN-L] dollar etc

Marvin Gandall wrote: Actually, I was thinking in terms of rising rates which result in a housing downturn, the effect this would have on consumer spending and the stock market and bond prices, and the consequent foreign dumping of US securities and dollar decline which would flow from that. I

[PEN-L] Biofuel imperialism

http://www.i-sis.org.uk/NBR.php -- www.marxmail.org

Re: [PEN-L] Heather Boushey versus a clown from George Mason U. on inequality

On 3/9/06, Eubulides [EMAIL PROTECTED] wrote: http://online.wsj.com/public/article/SB114182443308492484.html Yes Russel Roberts really is a clown. His main contention seems to be Who cares about rising inequality. Even the poor are better off than the 1950's poor, they can buy DVD players. In

[PEN-L] Detroit's Other Super Bowl

Hi PEN-Lers, Had this piece in yesterday's Free Press.http://www.freepress.org/departments/display/20/2006/1844It's about that eminent dough-main.Best,Brian McKenna

[PEN-L] quote du jour

Google's quote du jour is A liberal is a person whose interests aren't at stake at the moment. -- Willis Player so what is a conservative? -- Jim Devine / There can be no real individual freedom in the presence of economic insecurity. -- Chester Bowles

Re: [PEN-L] quote du jour

Google's quote du jour is A liberal is a person whose interests aren't at stake at the moment. -- Willis Player so what is a conservative? Someone who believes that nonsense. By Player's definition, for example, all non-corrupt judges are liberals as they hand down decisions. (I'd say, even

[PEN-L] Militaries of India, China to interact more on border areas

HindustanTimes.com http://www.hindustantimes.com/ Wednesday, February 22, 2006 World » Rest of Asia Militaries of India, China to interact more on border areas http://www.hindustantimes.com/news/181_1632603,00050004.htm Press Trust of India Beijing, February 22, 2006 The militaries of India

Re: [PEN-L] Heather Boushey versus a clown from George Mason U. on inequality

he's a bozo, it's true, but I bet that the WSJ ed board thinks he won. I'm surprised he didn't cite the rising role of in-migration of the US as an example of increased social mobility... On 3/9/06, Eubulides [EMAIL PROTECTED] wrote: http://online.wsj.com/public/article/SB114182443308492484.html

[PEN-L] Racial hysteria in NYC

On February 25, the body of a white female graduate student named Imette St. Guillen showed up in a vacant lot in Brooklyn. There were signs that she had been tortured and raped. The fact that she was a criminology student studying forensic investigation at John Jay College of Criminal Justice

Re: [PEN-L] Heather Boushey versus a clown from George Mason U. on inequality

Jim Devine [EMAIL PROTECTED] wrote: In other words be glad that you have food to eat and a car to drive and stop comparing yourself with the rich. It is hard to argue with that kind of logic.Indeed it is. So why bother arguing? I am convinced there are ways of approaching the question that

[PEN-L] racism, nationalism and corporate governance

[If ever there was a final nail in the rhetoric/dogma of free trade, this deal gone Kafka in front of our eyes, even more than the CNOOC mishap, shows that the US' trade policy has gone completely berserk] http://www.washingtonpost.com/wp-dyn/content/article/2006/03/09/AR2006030901124.html Dubai

[PEN-L] my new book

I am still trying to clear out my backlog before I spend next week cleaning out my mother in law's apartment, so my internet time is still limited. My Railroading Economics: The Creation of the Free Market Mythology (Monthly Review) just came out a couple of days ago, thanks to Michael Yates.

[PEN-L] new frontiers in family values redux

http://www.nytimes.com/2006/03/10/politics/10poverty.html March 10, 2006 Federal Plan for Changes in Child Care Draws Protest By ERIK ECKHOLM A Bush administration plan to reorganize programs for low-income families has brought protests by service agencies around the country, which fear it

[PEN-L] nanotech sputters?

http://www.washingtonpost.com/wp-dyn/content/article/2006/03/09/AR2006030902115.html For Now, Nanotechnology Means Little More Than Better Golf Ball By Rick Weiss Washington Post Staff Writer Friday, March 10, 2006; A03 They promised robots the size of blood cells, able to crawl through the

Re: [PEN-L] Heather Boushey versus a clown from George Mason U. on inequality

Literally a clown. Remember the 100th birthday party of the AEA? He was the comedian. Couple of his jokes were not bad. he's a bozo, it's true, but I bet that the WSJ ed board thinks he won. I'm surprised he didn't cite the rising role of in-migration of the US as an example of increased social