Re: [PEN-L] Behind Turkey's Presidential Battle

hey, the Henry Jackson Society[1] have come out in favour of the AKP versus the army and secular middle class! http://zope06.v.servelocity.net/hjs/sections/greater_europe/struggle_democratic_turkey/document_view I think that this has a lot to do with the Kurdish Nationalist element of the Decen

Re: [PEN-L] Redwoods Suck Up Pollution

On 5/8/07, Michael Perelman <[EMAIL PROTECTED]> wrote: Bowman, Chris. 2007. "Redwood Tops At Sucking Up Exhaust." Sacramento Bee (8 May). "The California redwood, known for capturing much of its water supply from coastal fog, also appears to excel at scrubbing vehicle soot from the air, Great!

[PEN-L] Securitizations II

(This may be a duplicate of a prior post, which I did not receive.) Continuing with Commercial Law 101: The previous post discussed the difference between secured lending (the AR as collateral), and the "true sale" of the AR to the Purchaser. Each has its costs and benefits. (I should have pr

[PEN-L] Redwoods Suck Up Pollution

Bowman, Chris. 2007. "Redwood Tops At Sucking Up Exhaust." Sacramento Bee (8 May). "The California redwood, known for capturing much of its water supply from coastal fog, also appears to excel at scrubbing vehicle soot from the air, according to a University of California, Davis, scientist. Prelimi

Re: [PEN-L] More on Transition, Brenner, Allen, Productivity

We are faced with the necessity to explain 1) why the growth of trade and commerce did not itself uniformly lead to an end to feudalism Marx does not dwell on "trade and commerce". His emphasis is on primitive accumulation, which involved foisting opium on the Chinese, turning the Incas into si

Re: [PEN-L] More on Transition, Brenner, Allen, Productivity

We're repeating ourselves here.. but one last time.. elegant, impassioned, incisive, informed as Marx's chapters on the genesis of the industrial capitalist are, those paragraphs are describing what accompanies the transformation of mercantile and commercial capitalism into industrial-- and Marx g

[PEN-L] Securitizations II

Continuing with Commercial Law 101: The previous post discussed the difference between secured lending (the AR as collateral), and the "true sale" of the AR to the Purchaser. Each has its costs and benefits. (I should have previously mentioned the possiblity of unsecured lending (no collatera

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

Michael Perelman writes: >> David's explanation of Accounts Receivable might help some of the few people >> here >> unfamiliar with such matters. He could have gone back further with bills of >> exchange. >> >> I think that the more abstract form of >> capitalization, which is a prerequisite of

[PEN-L] Behind Turkey's Presidential Battle

Behind Turkey's Presidential Battle Gamze Çavdar May 7, 2007 (Gamze Çavdar is an assistant professor of political science at Colorado State University.) "This is a bullet fired at democracy," snapped Recep Tayyıp Erdoğan, Turkey's prime minister and ch

Re: [PEN-L] Ten Thousand Ukuleles

On May 8, 2007, at 3:39 PM, Doyle Saylor wrote: Cheney is a Hunting More ... Oil Oil Oil Too slick for modern music.

Re: [PEN-L] Ten Thousand Ukuleles

Greetings Economists, On May 8, 2007, at 3:49 PM, Doug Henwood wrote: What The Baffler boys used to call The Culture Trust need not worry about any threats Doyle; aww shucks tweren't nuttin. Doyle

Re: [PEN-L] Ten Thousand Ukuleles

On May 8, 2007, at 6:39 PM, Doyle Saylor wrote: Greetings Economists, On May 8, 2007, at 2:55 PM, Dan Scanlan wrote: I uploaded a video of The Strum Bums Ukulele Extravaganza Rescue and Relief Band performing Ten Thousand Ukuleles Can you score my next musical? Here are some ideas - hum bu

Re: [PEN-L] Ten Thousand Ukuleles

Greetings Economists, On May 8, 2007, at 2:55 PM, Dan Scanlan wrote: I uploaded a video of The Strum Bums Ukulele Extravaganza Rescue and Relief Band performing Ten Thousand Ukuleles Can you score my next musical? Here are some ideas - hum bum bum bum... Bush is tusch too much, Bu Him i

Re: [PEN-L] Ten Thousand Ukuleles

On May 8, 2007, at 5:55 PM, Dan Scanlan wrote: Ten Thousand Ukuleles I don't think I've ever heard of anything so terrifying. Doug Apparently you haven't yet heard the Orchestra of 1000 Kazoos

[PEN-L] Ten Thousand Ukuleles [Addendenum]

Saw players other than Tom Scribner. http://www.santacruzpl.org/history/people/scribner.shtml http://www.iww.org/unions/iu120/scribner/

Re: [PEN-L] Ten Thousand Ukuleles

On 5/8/07, Doug Henwood <[EMAIL PROTECTED]> wrote: On May 8, 2007, at 5:55 PM, Dan Scanlan wrote: > Ten Thousand Ukuleles I don't think I've ever heard of anything so terrifying. Doug Saw players are terrifying: http://www.youtube.com/watch?v=yLoY5YmfM4A

Re: [PEN-L] Ten Thousand Ukuleles

On May 8, 2007, at 5:55 PM, Dan Scanlan wrote: Ten Thousand Ukuleles I don't think I've ever heard of anything so terrifying. Doug

[PEN-L] Ten Thousand Ukuleles

I uploaded a video of The Strum Bums Ukulele Extravaganza Rescue and Relief Band performing Ten Thousand Ukuleles at the New York Ukulele Festival April 27, 2007 at http://www.youtube.com/watch?v=Xx043BJVCxs Dan Dan Scanlan [EMAIL PROTECTED] www.coolhanduke.com Electing is engineering. Impe

[PEN-L] Great Carbon Offset Project

All you need to do is to click in your car, how many miles your drive, a credit card, and voila you are carbon neutral. http://terrapass.com/ -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelm

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

On 5/8/07, Daniel Davies <[EMAIL PROTECTED]> wrote: Because they would have a higher yield, the cost of which would be paid for by divvying up a chunk of the income that P&G is saving from the taxman. I believe David is making the point that this transaction would be economically justifiable

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

David is broadly right here. The point is that if we say P&G wants to raise $1bn to finance something or other, then they have two choices: 1) borrow it in the normal way 2) come up with some sort of rinkydink brand licensing scheme. Assuming that the cashflows are the same, the shareholders are

Re: [PEN-L] Engels on Transition

raghu wrote: I take it then that you do not subscribe to the theory of sticky wages/prices? How do you explain the economic stimuli from the various Gold Rush episodes around the world? Sure, wages and many prices were sticky at the time of the price revolution after Columbus invaded America. B

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

> Doug Henwood asks: > > "Why should some chump buy bonds based on that intangible value > alone when you can buy P&G paper?" > Because they would have a higher yield, the cost of which would be paid for by divvying up a chunk of the income that P&G is saving from the taxman. best dd

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

On May 7, 2007, at 8:18 PM, David B. Shemano wrote: "So this trust becomes senior to other debt claims on P&G, which should annoy existing creditors?" More technically, it is not a debt claim on P&G and the assets no longer belong to P&G. Existing creditors may or may not care. They will proba

[PEN-L] Investment loses,trading wins

INVESTMENT LOSES, TRADING WINS THE GREATEST STOCK MARKET MANIA OF ALL TIME DATED MARCH 4, 2007 A SPECIAL REPORT BY ALAN M. NEWMAN, EDITOR CROSSCURRENTS This feature is now published on roughly a quarterly basis. Our next update will likely be published the sec

[PEN-L] Pillage ( Wall Street Journal ideology ?)

>From Bill Lear: >Does the Wall Street Journal have an economic ideology ? Pillage is good. ^^ http://www.prudentbear.com/randomwalk.asp Random Walk, by Rob Peebles It takes a pillage April 23, 2007 Why rob a company? Because that's where the money is. Paraphrase of famous Will

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

On 5/8/07, Michael Perelman <[EMAIL PROTECTED]> wrote: Suppose I "invest" in P&G's trademark. Now the company can calculate that since it does not reap the rewards -- why advertise. In the trade, we call this a principal-agent problem. After all, we have no principles Is this similar

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

David's explanation of Accounts Receivable might help some of the few people here unfamiliar with such matters. He could have gone back further with bills of exchange. I think that the more abstract form of capitalization, which is a prerequisite of securitization, began with the idea of goodwi

Re: [PEN-L] Engels on Transition

On 5/8/07, Jim Devine <[EMAIL PROTECTED]> wrote: One of Adam Smith's contributions was to get people away from putting too much emphasis on the role of money.[*] He was right. The fact is that while money plays a big role in the short-term dynamics of capitalism (as Keynes pointed out), over the

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

On 5/8/07, David B. Shemano <[EMAIL PROTECTED]> wrote: Charles Brown writes: >> CB: I'd like to discuss this seriously. What's the first thing we need to >> know ? >> >> Doesn't secured transaction mean an asset backs up a loan ? A mortgage is a >> secured transaction. The loan for the money fo

[PEN-L] US-owned Iraq ranks last in child survival

[from "Save the Children" at http://www.savethechildren.org/newsroom/2007/reducing-child-deaths-iraq-egypt.html ranking based on UNICEF's "State of the World's Children."] Egypt Makes the Most Progress and Iraq the Least In Reducing Child Deaths, Report Finds Millions of Children Still Dying Eac

[PEN-L] What's the matter with Kansas?

Reuters, Mon May 7, 2007 7:17PM EDT Iraq war hampers tornado recovery By Carey Gillam OVERLAND PARK, Kansas (Reuters) - A shortage of trucks, helicopters and other equipment -- all sent to the war in Iraq -- has hampered recovery in a U.S. town obliterated by a tornado, Kansas Gov. Kathleen Sebe

Re: [PEN-L] Private Equity, Intellectual Property, Tax Manipulation

Charles Brown writes: >> CB: I'd like to discuss this seriously. What's the first thing we need to >> know ? >> >> Doesn't secured transaction mean an asset backs up a loan ? A mortgage is a >> secured transaction. The loan for the money for the house is secured by the >> house. >> >> So, securit

Re: [PEN-L] Imperialism Today (was More on Transition, Brenner, Allen, Productivity)

sartesian wrote: > Certainly more than a few Marxists saw in Brenner's analysis a pretty > strong critique of current day "third worldism," and the battle was on. Yes, it's a critique of the view that the main problem (the "primary contradiction") was between the Core and the Periphery, with tr

Re: [PEN-L] Engels on Transition

From: sartesian Now this last distinction is key for Brenner, for Brenner is last, first, and foremost examining, analyzing, the conditions of labor, the social relations of property that encapsulate labor and either advance or inhibit its productivity. Charles Brown wrote: In this process, la

[PEN-L] The headline says it all

PRIVATE EQUITY SEEKS FARMLAND FOR PROFIT By Associated Press May 7, 2007 Michael Perelman

[PEN-L] From the Cuban Mission

REFLECTIONS BY THE COMMANDER IN CHIEF THE TRAGEDY THREATENING OUR SPECIES I cannot speak as an economist or a scientist. I simply speak as a politician who wishes to unravel the economists' and scientists' arguments one way or another. I also try to sense the motivations of each one of those who

[PEN-L] World Bank Panel Finds Wolfowitz at Fault; Aide Resigns

Go to Original World Bank Panel Finds Wolfowitz at Fault; Aide Resigns By Steven R. Weisman The New York Times Monday 07 May 2007 Washington - A committee of World

[PEN-L] Chavez dreams of nationalizing banking system

"Private banks have to give priority to financing the industrial sectors of Venezuela at low cost," Chavez said. "If banks don't agree with this, it's better that they go, that they turn over the banks to me, that we nationalize them and get all the banks to

[PEN-L] Liu to speak at meeting of the Committee for Monetary Research and Education

Liu to speak at meeting of the Committee for Monetary Research and Education http://www.gata.org/node/5021

Re: [PEN-L] More on Transition, Brenner, Allen, Productivity

S. Artesian wrote: What I find truly problematic is that others take these few paragraphs, latch unto "primitive accumulation," and then discount what Marx really wrote about, the organizaton and interpenetration of capital and wage-labor, the organization of the means of production as private p

Re: [PEN-L] More on Transition, Brenner, Allen, Productivity

- Original Message - From: "Louis Proyect" <[EMAIL PROTECTED]> To: Sent: Monday, May 07, 2007 10:31 PM Subject: Re: [PEN-L] More on Transition, Brenner, Allen, Productivity >> > There's only one problem. Marx never prioritized agriculture when it came to the question of the birth of capi