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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
"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
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
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
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
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
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
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
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
Sorry, I was referring to PAUL's reply.
C. Senior
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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,
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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]
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
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
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
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
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
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
This complete poppycock
CS
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
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!
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
,><><><><><><><>>><><>
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
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
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
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
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
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
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
><><><><><><><><>><><><><>
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