Re: [PEN-L] NYT's Dream Hit List

In a strange case of dark dreaming, the NYT seems to delight in the following scenarios built by Georgetown's neo-con Daniel Byman in an article in FP. (See also his latest piece at Foreign Affairs: "Do Targeted Killings Work? " Observe how Byman considers Chavez' anti-Americanism 'gratuitou

[PEN-L] New Chinese Socialist Wisdom

In an interesting piece on Chinese ideological tensions, the NYT  reports that  "Zhou Ruijing, a retired newspaper editor associated with the pro-market camp, captured the sentiment in a January magazine essay. "A widening gap between rich and poor is not the fault of market reforms," he wro

Re: [PEN-L] Colombia

In a message dated 3/14/2006 1:03:16 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes: Does anybody know why Uribe is doing well?  Why is Colombia differentfrom the rest of Latin America The best analogy  about Colombia is that of Russian dolls: doll inside doll. Country inside count

Re: [PEN-L] Thought on Economic Development?

In a message dated 3/16/2006 6:33:55 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes: In light of our discussion about Venezuela, I wonder if we could give consider the situation of economies without such a rich resource base, such as Venezuela's oil economy .Perhaps, a Bolivia or an Ecuad

Re: [PEN-L] Thought on Economic Development?

In a message dated 3/16/2006 10:53:02 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes: The theory of import substitution was not ignored, but was treated as a ridiculous superstition by people who did not understand the wisdom of the market. Comment: Well it was dismissed without much seri

[PEN-L] From Open Democracy:Colombia's Exepcionalism

Colombia’s elections: the regional exception Ana Carrigan 10 - 3 - 2006 Latin America is swinging to the left – but structural violence and civic fear may prevent Colombia from following the trend, says Ana Carrigan. They were dancing in the streets in Chile on 15 January 2006, the night

Re: [PEN-L] In Venezuela, Oil Sows Emancipation

In a message dated 3/17/2006 7:05:58 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes: Yes -- Chavez, or rather the Venezuelans, MUST think ahead to the future, when oil prices are going to fall and the "free ride" provided by oil scarcity rents will disappear Comment: The oil prices are go

Re: [PEN-L] In Venezuela, Oil Sows Emancipation

In a message dated 3/17/2006 9:09:26 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes: Maybe I'm tired, but I'm little sick of being insulted on lbo-talktoday. But don't worry, I don't take it personally. The use of insultsusually means an effort to patch up weaknesses in reasoni

[PEN-L] French/American Working Class Distinctions

While the French  working class mobilizes in mass and without delay in opposing anti-labor neo-liberal legislation, a seemingly dormant conscious less American working class watches passively as a Republican Congress and President further nicks away at their rights. Query: Why this huge diff

[PEN-L] TASS:Cuba/Russia in Oil Joint Venture

MOSCOW, March 21 (Itar-Tass) -- Cuba believes Russia could participate in prospecting for oil and in the subsequent development of oil deposits in the Cuban economic zone in the Gulf of Mexico, Emilio Cabaliero, the Cuban deputy foreign minister told. He said, “Investment situation in Cuba

[PEN-L] Bernanke: Fall in Dollar Won't Matter To Economy

Economy could withstand sharp dollar drop: BernankeTue Mar 21, 2006 11:21 PM ETBy Tim AhmannWASHINGTON (Reuters) - The chronic U.S. trade gap need not fuel a "precipitous" decline in the dollar, but the economy may be able to shrug it off if it did, Federal Reserve Chairman Ben Bernanke said

Re: [PEN-L] Stephen Roach on China-bashing

In a message dated 3/22/2006 7:09:10 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes: I am not sure I understand his criticism. Why is it impossible that"tariffs can boost savings". One possible chain of events is tariffs-> increase in prices -> lower consumption -> higher savings

[PEN-L] Bernanke: Global Savings Glut Causes US Trade Deficit

Bernanke: Global 'saving glut' possible Fed chief says nothing has disproven his belief that U.S. trade deficit may be partly driven by excessive savings. March 24, 2006: 6:39 AM EST(CNN Money) WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said in a letter released Thursday nothin

[PEN-L] The Economics of Sex/Unfaithfulness/Happiness

Money, Sex, Happiness Come to the Bank of England: Mark Gilbert March 24 (Bloomberg) -- It's not often the words ``sex'' and ``Bank of England'' inhabit the same sentence. David Blanchflower's appointment to the central bank may change that. Blanchflower is an economics professor at Dartmouth

[PEN-L] Huge LA Anti-Immigration Law Protests

These protests may forecast serious racial/ethnic confrontations as the right wing shows its ugly face .Even some in the left are in favor of the proposed laws a la Paul Craig Roberts and Counterpunch. >From the Los Angeles Times THE STATE 500,000 Pack Streets to Protest Immigration Bills

Re: [PEN-L] pk on immigration reform

In a message dated 3/27/2006 1:08:56 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes: Does anybody know what sort of studies he has in mind? Were they written by Tom Tancredo Krugman does mention its source: "The most authoritative recent study of this effect, by George Borjas and Lawrenc

Re: [PEN-L] pk on immigration reform

In a message dated 3/27/2006 6:26:56 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes:Krugman did not just say that low income workers were harmed, but that the economy did not benefit much from the immigrants"Comment:Ok, on  this topic Krugman does not show evidence at all. Casual empiri

[PEN-L] Larrry Summers Wants IMF To Behave like Hedge Fund

Why just help the hedges funds? Better to become one and enjoy the advantages of the dealing house. Summers Wants IMF to Run $500 Bln Hedge Fund: Andy Mukherjee March 28 (Bloomberg) -- Larry Summers has a radical idea. The way I interpret it, the former U.S. treasury secretary and the outgoin

[PEN-L] New Job Opportunity: Opposition Research VP

Wal-Mart Begins Quest for Generals in P.R. War By MICHAEL BARBARO (NYT) Wanted: two people to help defend the nation's largest retailer against critics. Requirements: plenty of experience managing a crisis. Wal-Mart Stores has begun circulating two senior-level job postings — both in public

[PEN-L] Capital Sans Frontieres: A Global Ruling Classs?

Invest Globally, Stagnate Locally By DANIEL GROSS NYT-Sunday IN the United States and Europe, there has been a curious disconnect in recent years between the performance of the corporate sector and the performance of the overall economy. For example, median incomes for American workers h

[PEN-L] Global Capital Boom Is Just Beggining.Will Last 20 Years. Buffett Bets $14bn

To the chagrin of Chicken Littles: Global markets rise to record heights· Economic strength and takeovers spur investors · Buffett bets $14bn on upturn lasting 20 years Nils Pratley, Angela Balakrishnan and Ashley Seager Tuesday April 4, 2006 Guardian Stock markets around the world made big a

[PEN-L] Silence in Class:The New US McCartism/Fascism In Academia

Silence in class. University professors denounced for anti-Americanism; schoolteachers suspended for their politics; students encouraged to report on their tutors. Are US campuses in the grip of a witch-hunt of progressives, or is academic life just too liberal? By Gary Younge Gary Younge

[PEN-L] US Worried About Chinese Influence in Brazil

"Brazil should analyze why China grows so much and Brazil so little." China] has achieved the greatest victory in the history of human rights... It has removed 400m Chinese people from poverty ." In Sao Paulo, Chinese language classes are packed. Not only are students taught how to speak Mandari

[PEN-L] Marx's Reserve Army of Labor About To Go Global

Marx's reserve army of labour is about to go globalThe eruption of the Indian and Chinese economies could shift the balance of power sharply in favour of capital in the rich world Andrew Glyn Wednesday April 5, 2006 Guardian Apiece of conventional wisdom about the world dear to economists

[PEN-L] The End Of Fordism In US Economy

April 5, 2006 David Leonhardt NYT The Economics of Henry Ford May Be Passé HENRY FORD was 50 years old, and not all that different from a lot of other successful businessmen, when he summoned the Detroit press corps to his company's offices on Jan. 5, 1914. What he did that day made him a h

Re: [PEN-L] Chinese gunpowder, W. European guns [was: How the West won the wo...

In a message dated 4/6/2006 6:48:03 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: My impression is that the Chinese didn't use gunpower to make gunsbecause they really didn't need to. The empire ruled the roost withpredominant power and there was little need to develop new wea

Re: [PEN-L] Capricious growth in Peru

In a message dated 4/7/2006 4:51:56 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: But Humala's political background is of extreme ultra-nationalism and racialism Comment: In a continent submitted to systematic pillage by Spanish and Anglo-Saxon powers why would it be a case of

Re: [PEN-L] Chinese gunpowder, W. European guns [was: How the West won the wo...

In a message dated 4/7/2006 12:06:43 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: I don't think that Confucianism, Taoism, and Buddhism are against violence _in practice_ (and it's practice that matters in the end, not theory). Comment:I was referring to "practice" by the common people

Re: [PEN-L] Capricious growth in Peru

You made some good points in your post but it is unfortunate that you ended it up in a hypersensitive subjective note when you state: <> Your comment is unfair because 1-I wasn't trying to be 'personal" in the sense of an individual snide or the presumption of motives. 2- Because it is logicall

Re: [PEN-L] Chinese gunpowder, W. European guns [was: How the West won thewo...

In a message dated 4/8/2006 10:12:43 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: & Y gives no assurance of Y _because_ of X. There is no a priorireason for believing the _because_ in the sentence above, and you giveno historical analysis to even hint that it was this relat

Re: [PEN-L] Capricious growth in Peru

Sorry, I was referring to PAUL's reply. C. Senior

Re: [PEN-L] Philology Confused with Citing Authority, was Re: Chinese gunpowd...

In a message dated 4/9/2006 2:20:16 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Cox] I give no such analysis because I'm not trying to establish anything, just pointing out that you have neither established a proposition NOR (even) given one a sufficient basis for further consideratio

[PEN-L] First Result of Iran Rumors: Oil is Up to Record

Oil Climbs to Record in London on Concern About Iran Conflict April 10 (Bloomberg) -- Crude oil surged, touching a record in London, after reports that the U.S. is planning for military strikes against Iran, the world's fourth-biggest producer. The U.S. may be using the threat of attacks to pu

Re: [PEN-L] Capricious growth in Peru

Two questions: 1-What is a "nationalist model of growth" and when did  this take place? 2- How being "nationalist" would lead to debt accumulation? i.e. what would the mechanism of transmission be? And finally what kind of dependency? Is there any truly "independent" economy? Are the US or Ch

Re: [PEN-L] maybe we won't bomb Iran

In a message dated 4/12/2006 3:25:41 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: after all that and other specific logixtics related to this they they will bomb. for now ignoratnt iranian mullahs will play with the fate of humanity by putting narrow sectarian inetrets first and as res

[PEN-L] Corporate Hyjack of India's Water

Contrary to some rosy reports on neo-lib India,the vast majority of the rural population suffers.. Water as Commodity and Weapon The Corporate Hijack of India's Water By P. SAINATH 2001: The old man shuffled his feet, acutely embarrassed. No matter which part of India you're in, the first th

[PEN-L] Nationalism,Growth And Debt

In a message dated 4/12/2006 6:35:29 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: The "nationalist model of growth" refers to process in which a country aims to promote balanced growth primarily based on its own resources and its own domestic markets, with a nationalistic ideology to b

Re: [PEN-L] Nationalism,Growth And Debt

In a message dated 4/13/2006 7:33:43 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: no disagreement here Comment: I don't see it as a matter of disagreement. i see these discussion lists as a vehicle for the exchange and analysis of different views. Then Jdevine adds: "By the way, I'd ap

Re: [PEN-L] Nationalism,Growth And Debt

OK, I'll restrict my participation to  a minimum so that I don't have a chance to bruise any of the delicate egos of the members of this rather clubbish list and have to be accused of being "unfriendly" and "abrasive" out of nothing. CS

Re: [PEN-L] Nationalism,Growth And Debt

Your name should be Apoplectic not the other silly one.. Also , what it is "adolescent" is not too offer evidence for stupid claims like yours, Your comments are typical of the members of this claustrophobic, hermetic ,unbearably clubbish list.You can have it all to yourself.   Cristobal Senio

Re: [PEN-L] Capricious growth in Peru

The problem with your analysis and which makes it very weak, is that it ignores the actions from the North, actually a Tsunami in reverse, in the form: 1-imperial imposition of "reform" in the SA economies via the UST dept and the IMF. 2-The utilization of Wall St Investment Banks of the "ref

Re: [PEN-L] Nationalism,Growth And Debt

In a message dated 4/14/2006 8:40:36 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Do you really think that people who've had to put up with youradolescent rudeness on and off list can't see through the utterdisingenuousness of your claims Let me clarify to all, that Mr Apopl

Re: [PEN-L] Nationalism,Growth And Debt

In a message dated 4/15/2006 2:13:38 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: <> Comment: Just to show evidence of your unbelievable hypocrisy and cynicism, I reproduce here, sic, a copy of the last intruding e mail you sent to my mail box on 3/23/06 at 8:56:31 AM,EST.: "go stick

Re: [PEN-L] Nationalism,Growth And Debt

In a message dated 4/15/2006 3:55:03 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: hear that CS wants to start a hedge fund. He's just practicing hissocial skills, so we should excuse him.Doug I guess you are talking of social skills such as the graceful penmanship shown by Apo

Re: [PEN-L] Nationalism,Growth And Debt

In a message dated 4/15/2006 7:15:11 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Louis & I have made peace, and I'm glad we have. And I've given up on flamewars; I'm a happier, saner person than I used to be, and don't see the point of fighting with people who are more or less my alli

[PEN-L] Hedge Fund's and Quants

In a message dated 4/15/2006 8:36:41 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: It has never been possible to invest large amounts of money on a purely algorithmic basis and IMO never will be; if it was, LTCM would have had a very different Comment: This certainly would come as shoc

[PEN-L] Fidel And The Queen

The future of the revolution in the hands of teenage pump attendants Like the Queen, Fidel Castro is in his 80th year, but he knows the legacy of his rule depends on its constant reinvention Richard Gott Tuesday April 18, 2006 Guardian At a petrol station outside the provincial Cuban town of

[PEN-L] More On Services- Service Science

April 18, 2006-NYT Academia Dissects the Service Sector, but Is It a Science? By STEVE LOHR On his Asian trip last month, President Bush urged Americans not to fear the rise toward prosperity of emerging economies like India. Education, Mr. Bush said, was the best response to globalization,

[PEN-L] Chavez Quits US Controlled Andean Trade Group

Venezuela quits Andean trade bloc Venezuela's President Hugo Chavez says his country is withdrawing from the South American trade bloc, the Andean Community of Nations. He told a summit in Paraguay that Venezuela was leaving because recent trade deals between Peru, Colombia and the US had killed

Re: [PEN-L] IMF steps up pressure for dollar depreciation

In a message dated 4/20/2006 1:43:10 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: if the dollar depreciates, but the yuan stays (relatively) fixed tothe dollar, doesn't that mean yuan devaluation relative to all othercurrencies not fixed to the dollar? Comment: The Yuan, or

[PEN-L] US Trade Deficit: Dark Matter Works Both Ways (Krugman)

CSI: Trade Deficit By PAUL KRUGMAN Forensics are in. If you turn on the TV during prime time, you're likely to find yourself watching people sorting through clues from a crime scene, trying to figure out what really happened. That's more or less what's going on right now among internationa

[PEN-L] NYT: US Ain't Democracy But An Oligarchic Electocracy

Amazing for some in Ny Times staff to be so candid about the real state of US democracy. April 23, 2006 The Way We Live Now Export This? By JIM HOLT NY Times Democracy is a wonderful thing. We Americans have been enjoying it for over two centuries. Gradually, fitfully, much of the rest of

Re: [PEN-L] US Trade Deficit: Dark Matter Works Both Ways (Krugman)

In a message dated 4/24/2006 10:47:28 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: The question then is which companies are most crooked: the US or the offshorecorporations. But the question also applies to foreign companies whose intangible brand values might be undercounted

[PEN-L] Nepal: A True Revolution. No Orange Here (Tariq Ali)

This is no rah-rah revolt Nepalese have lost their fear of repression and are making a genuine, old-fashioned revolution Tariq Ali Tuesday April 25, 2006 Guardian There is something refreshingly old-fashioned taking place in the Himalayan kingdom of Nepal: a genuine revolution. In recognitio

[PEN-L] Marx's House :Favorite Chinese Tourist Place In Europe.

As a caption to a lead photo ,the author states self-assuredly: " As China departs sufficiently from the economic constraints of Marxism to enable many of its people to visit Europe, the house has become a major attraction." Question: What are "the economic constraints of Marxism"? Where can

[PEN-L] Increasing US Wealth/Income Inequality Leading To Right Wing Populism (M Wolf)

Martin Wolf: A new gilded age >By Martin Wolf >Published: April 25 2006 19:54 | Last updated: April 25 2006 19:54 >>Between 1997 and 2001, the top 10 per cent of US earners received 49 per cent of the growth in aggregate real wages and salaries, while the top 1 per cent received an astonishin

Re: [PEN-L] interesting quote

In a message dated 5/2/2006 5:34:40 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Nowadays, prices may or may not rise with money wages, but capitalists have much more control over prices than under the gold standard. Currently, it's import and export competition (along with the dollar

Re: [PEN-L] interesting quote

In a message dated 5/3/2006 3:09:41 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: After such a rise in wages, prices might go up, they might go down, they might not change. A larger context was determining, not a simple two-body relationship between prices and wages. What is this "larg

Re: [PEN-L] interesting quote

In a message dated 5/3/2006 2:32:55 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: when raising prices, a company in the US has to worry about cheaper products being imported. It also has to realize that other countries' businesses are vying for the same world markets OK. My point here i

Re: [PEN-L] interesting quote

In a message dated 5/3/2006 2:32:55 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: You're absolutely right about the disconnect between the growth of M1 or M2 and standard measures of inflation. (BTW, they've stopped reporting M3.) MF's idea that "inflation is always and everywhere a mon

Re: [PEN-L] Samir Amin

In a message dated 5/3/2006 11:31:43 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: But his 'delinking' arguments in favour of autonomous development strategies, import substitution, regionalism, disempowerment of neoliberal multilateral institutions and revitalised state planning are ve

Re: [PEN-L] interesting quote

In a message dated 5/4/2006 7:22:40 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: While M3 is largely endogenous, it is possible for the Fed to control it. This might be indirectly, as with imposing larger margin requirements on the stock market. Most of M 3 is not really related to th

[PEN-L] Weisbrot :Chickem Littles Are Out on Bolivia

A flurry of ominous gloom and doom articles have been churned out by the mainstream global press led of course by the FT, the Economist, t the WSJ, the NYT , etc. Even the Guardian fell for it yesterday in one of its leaders. In the interview with Ray Suarez , Mark weisbrot dismisses them as Ch

[PEN-L] Bush Paradox: Goverment Spending is Engine of Growth

Incomes up in most energy states Updated 5/4/2006 11:31 AM ETBy Dennis Cauchon, USA TODAY Americans' personal income is growing dramatically in states that produce energy or have strong ties to the expanding federal government. The five states enjoying fastest per-capita income growth since 2

Re: [PEN-L] interesting quote

In a message dated 5/5/2006 2:24:11 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Are hedge funds bigholders of MBSes? Foreign central banks?If there is a massive housing bubble burst, with large numbers offoreclosures, who gets hurt the most (obviously all of the aboveplayers

Re: [PEN-L] interesting quote

In a message dated 5/5/2006 4:48:14 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: believe that many foreign CBs treat Fannie as being backed by the Federal government. But Fannie Mae's debt i.e. bonds (so-called "agency securities"?) are one thing and MBSes are something else I believe

Re: [PEN-L] Is Krugman right here?

I think Krugman is totally right. On the other hand it is hard to understand your point, since you don't define "cost structure" and specify its connection with knowledge and growth.What is it? Cristobaal Senior

Re: [PEN-L] Is Krugman right here?

Well I was thinking of the proposition that increasing returns inevitably,technologically and economically, lead to monopolization of production contradicting the invisible hand perfect competition assumption. A proposition Marx also agreed with. On the other hand , Krugman's point that the

Re: [PEN-L] deep question

In a message dated 5/8/2006 1:29:40 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: The most plausible explanation that I have read for the lack of refinery expansion is this:  The majors expect continued "high" crude prices -- though not so high as now.  As a result they expect

Re: [PEN-L] new goldner article

In a message dated 5/8/2006 2:48:53 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes:an excellent article in most ways!What an interesting comment because I thought it is a horrible article in most ways:Mr Goldner (who is he, by the way?)  exhibits an unbelievable melange of muddled 19th 

Re: [PEN-L] deep question

In a message dated 5/8/2006 9:43:57 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: The most plausible explanation that I have read for the lack of refinery expansion is this: The majors expect continued "high" crude prices -- though not so high as now. As a result they expect slower lo

Re: [PEN-L] deep question

In a message dated 5/8/2006 10:35:22 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Plausibility does not necessarily imply proof.On Mon, May 08, 2006 at 10:25:42PM -0400, C Ruiz wrote:> In a message dated 5/8/2006 9:43:57 P.M. Eastern  Daylight Time,> [EMAIL PROTECTED]

[PEN-L] The Conservative Nanny State

ECONOMIST'S NEW BOOK UNCOVERS "THE CONSERVATIVE NANNY STATE" For Immediate Release: May 11, 2006 Contact: Lynn Erskine, 202-293-5380 x115 Washington, DC: In his new book, "The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer," well-known economist Dean Ba

Re: [PEN-L] gold and malaise

In a message dated 5/11/2006 7:23:41 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Perhaps I should restate my question. I'm actually wondering to what extent these substantial commodity price movements might be foreshadowing dramatic events in financial markets more generally Why this

Re: [PEN-L] gold and malaise

In a message dated 5/11/2006 7:40:32 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: foreign exchange imbalances, that are being "contained" by state intervention, to commodity prices and then back to financial markets. How are they being "contained" by the state? If you are thinking o

[PEN-L] Morales Assumes Tougher Line in Bolivia

Morales lines up land owners as next target >By Haig Simonian and Daniel Dombey in Vienna >Published: May 11 2006 22:23 | Last updated: May 11 2006 22:23 >>Evo Morales, the Bolivian president, on Thursday ruled out compensating foreign energy companies that face changes to their contracts as a

Re: [PEN-L] gold and malaise

In a message dated 5/11/2006 8:54:20 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Yeah, I'm thinking of the peg but not imagining that unpegging would "fix" it. Especially if part of the problem is that by pegging the RMB to the dollar it doesn't so much rescue the dollar as it does we

Re: [PEN-L] gold and malaise

In a message dated 5/11/2006 10:51:39 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: was saying that pegging the RMB to the dollar doesn't resolve the weakness of the dollar. The RMB is not pegged to resolved the "weakness" of the dollar but to avoid its unwelcome strengthening. You've g

Re: [PEN-L] gold and malaise

This complete poppycock CS

Re: [PEN-L] Stephen Roach

In a message dated 5/13/2006 11:06:15 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Sabri Oncu wrote: >You were wrong on the strength of the US economy and that productivity >thing Huh? How was I wrong on these? Doug Yeah, I'd like to know about it too. But as usual no data support

Re: [PEN-L] Stephen Roach

In a message dated 5/13/2006 10:53:58 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Give me the reasons why you think were right and I will tell you where Idiffer from you.Best,Sabri The power of deep reasoning!  Show me yours first then I'll show you mine. What a cop out!

Re: [PEN-L] Democrats asleep at the switch?

In a message dated 5/15/2006 1:57:58 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: While massaging some data, I noticed that the percentage of US government debt that's owned by foreigners exceeded 50% in 2004 (after rising for years). In light of the Dubai brouhaha ,><><><><><><><>>><><>

Re: [PEN-L] Democrats asleep at the switch?

In a message dated 5/15/2006 6:01:17 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Yes, but the cost of foreign borrowing is that there are interest payments that must be made to folks outside the country. That means that the country has to produce more than people in the country receiv

[PEN-L] Ecuador's Oil Move Ires US

The punishment ,however, is to the advantage of the lucky Ecuadorians. Cristobal Senior Ecuador oil move prompts US ire. BBC The US says it is cancelling free-trade negotiations with Ecuador, after the South American country seized the assets of a US oil company. Ecuadorean oil officials

Re: [PEN-L] Vintage US cars keep chugging in Cuba but face threat

In a message dated 5/17/2006 7:03:22 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: BTW, I don't think anyone was saying that Cuba is better than India. It's not like there's a competition going on. Obviously, they face different challenges, with India's been harder in many cases. But h

Re: [PEN-L] Vintage US cars keep chugging in Cuba but face threat

In a message dated 5/17/2006 7:51:59 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: He is mainly interested in cell phone usage rather than infant mortality, etc. <><><><><><>><><><><><><><><><><><><><>><><><><><><>>><><>><>< Correct, this is typical of the apologists of neo-lib policies i

Re: [PEN-L] Vintage US cars keep chugging in Cuba but face threat

In a message dated 5/17/2006 11:38:56 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Cristobal S Ruiz wrote: > this is typical of the apologists of neo-lib > policies in the third world I hate this. If a particular point made by Ulhas or anybody else here is flawed, factually or logica

Re: [PEN-L] Vintage US cars keep chugging in Cuba but face threat

In a message dated 5/18/2006 8:58:58 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Cristobal S Ruiz wrote: > this is typical of the apologists of neo-lib > policies in the third world and > this rather objective comment This is it? You have the nerve to snip and chop up what others w

Re: [PEN-L] Personal Insults

In a message dated 5/18/2006 10:59:55 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: There is no personal insult in what I wrote publicly. I didn't refer to *who you are* as a human being. I referred to *your arguments*, which you presented on this public forum ><><><><><><><><>><><><><>