Philippine Daily Inquirer, 25/1/02
this story was taken from www.inq7.net
URL: http://www.inq7.net/vwp/2002/jan/23/text/vwp_1-1-p.htm
The twin debacles of
globalization
Posted:0:24 AM (Manila Time) | January 24, 2002
By Walden Bello
Inquirer News Service
IT is said that in politics and
Well Manitoba and other Canadian provinces seem intent on training nurses to
export to the US. Poorer provinces, such as Manitoba, also pay to train
nurses who consequently migrate to richer provinces such as Alberta. We do
the same thing with doctors. Our local rural hospital has 2 doctors from
Here is some info from the Times (UK)
Cheers, Ken Hanly
Taleban army rises again to face US
FROM TIM REID IN KANDAHAR
A RENEGADE army of 5,000 Taleban soldiers with 450 tanks, armoured carriers
and pick-up trucks is locked in a tense stand-off with American special
forces in Afghanistan.
The
The Times of India
FRIDAY, JANUARY 18, 2002
China has 145mn mobile phone users: Web site
REUTERS FRIDAY, JANUARY 18, 2002
BEIJING: China's mobile phone market, the world's largest, has reached 145
million subscribers, according to a statement on the Web site of its telecom
regulator.
China's
From: Devine, James [EMAIL PROTECTED]
Oh, that's OK then. I'll stop my carping and let PK continue
his tireless task of speaking truth to power.
Carl
I know you're being ironic, but I'll reply in a non-ironic way: PK doesn't
speak truth to power except within the usual political
On Fri, 25 Jan 2002, Carl Remick wrote:
Seems to be bit of cognitive dissonance here. Reading Krugman's NY Times
column today, I am given to understand that this whole flap over his Enron
connections is really a right-wing attempt to defame Krugman because he is
such a fire-breathing lefty
Simplifying radically:
If the baseline budget projections show unemployment of 6.0,
and we say 4.5 is a reasonable standard, we need a stimulus
sufficient to move the rate 1.5 percentage points. OMB says
you need a percent of real GDP to get half a percent
less unemployment. So you need three
"Executives at the cable news networks acknowledged
that Enron, while of enormous significance, is difficult to explain on
television.
"One senior network news executive said, 'It's the kind of story where you
have to worry about the eyes-glazing-over factor.'"
I say, "forget about Enron,
Carl writes:
Oh, that's OK then. I'll stop my carping and let PK continue
his tireless task of speaking truth to power.
I said:
I know you're being ironic, but I'll reply in a non-ironic way: PK
doesn't speak truth to power except within the usual political context of
what's good for
LECTURER IN SOCIOLOGY
The Department of Social Change and Development at UW-Green Bay invites
applications for a one-year, academic staff Lecturer's position in Sociology
with an interest in either the sociology of law and crime and/or women
studies. The successful candidate will teach
The Frontline show on the dot.con scam was pretty clear -- and in many
ways more convoluted than Enron.
On Fri, Jan 25, 2002 at 08:38:43AM -0800, Tom Walker wrote:
Executives at the cable news networks acknowledged that Enron, while of enormous
significance, is difficult to explain on
From: Devine, James [EMAIL PROTECTED]
Carl writes:
So, far from being a self-serving opportunist, Krugman is actually the
left's last best hope.
by the degraded standards of Washington, D.C., politics PK is a leftist
or
left of [a very right-wing] center. After getting rid of true left
Tom Walker wrote:
Executives at the cable news networks acknowledged that Enron,
while of enormous significance, is difficult to explain on
television.
One senior network news executive said, 'It's the kind of story
where you have to worry about the eyes-glazing-over factor.'
I say, forget
Carl writes: Thanks. Pass me the Prozac, please.
with a whiskey chaser?
JD
Fred writes:
3. The current recession was caused by a sharp decline in investment
spending, beginning in late 1990.
The main point of disagreement seems to be - whether or not the decline of
investment spending that caused the recession was itself caused by the
decline in the rate of
reading a manuscript, I came upon the precautionary principle, defined as
saying that when an activity raises threats of harm to the enviornment or
human health, precautionary measures should be taken even if some cause and
effect relationships are not fully established scientifically (from the
- Original Message -
From: Doug Henwood [EMAIL PROTECTED]
Handled right (i.e., limiting explanations of degree-day
derivatives or offshore partnership arrangements), the ENE story
doesn't have to be boring at all.
Doug
===
Ok that's twice in 10 minutes on the ENE. What's
On Friday, January 25, 2002 at 09:43:32 (-0800) Ian Murray writes:
- Original Message -
From: Doug Henwood [EMAIL PROTECTED]
Handled right (i.e., limiting explanations of degree-day
derivatives or offshore partnership arrangements), the ENE story
doesn't have to be boring at all.
Ok that's twice in 10 minutes on the ENE. What's it stand for?
ENron Energy?
ENthusiastic Ego?
Rakesh Bhandari wrote:
I raise a single question (and Doug your reply would doubtless be
most illuminating--am I way off here?):
Why did the drop off in investment spending *lag behind* the drop
in profitability?
The financial mania, of course. There were plenty of outside funds to
tap,
Ian Murray wrote:
Ok that's twice in 10 minutes on the ENE. What's it stand for?
Stock ticker symbol for Enron. Saves two keystrokes - which add up,
when you type ENE as often as I've been typing it in the last few
weeks.
Doug
Jim, I have thought about this recently and come to the conclusion that,
first, unregulated or badly regulated capitalism is both
macroeconomically unsatisfactory and environmentally unsustainable.
Second, traditional policy approaches to both unemployment and
environmental degradation are
On 25 Jan 02, at 12:22, Doug Henwood wrote:
MEGO is an acronym that cynical mainstream journalists and editors in
the U.S. use to dismiss a story - my eyes glaze over. As is often
the case, I suspect senior network news executives are projecting
their own anxieties about fomenting class
Hi
Does anybody know the location of electronic material from a left
standpoint on interest rates today.
Karl
Paul Phillips wrote:
Indeed, for those of us fortunate to be able to listen to CBC last
Sunday morning, Doug was very entertaining in commenting on
ENE. Nicely done.
Why thanks.
You listen to the show regularly? Michael Enright has interviewed me
about 4-5 times, and I've been pretty
[EMAIL PROTECTED] wrote:
Simplifying radically:
So if the multiplier is 1.5, must we advocate a $333 billion
stimulus on an annual basis to force unemployment down
to 4.5%?
mbs
Why would the spending multiplier be this low? If, simplifying very radically, it's
1/1-mpc+mpc(t)+mpm, and the tax
by the degraded standards of Washington, D.C., politics PK is a leftist
or
left of [a very right-wing] center. After getting rid of true left voices
in public life -- e.g., making it normal to treat Chomsky as a paraiah --
the right-wingers would want to get rid of even the ersatz left.
In
FRIDAY, January 25
New claims for unemployment insurance for the week ended Jan. 19 dropped to
their lowest level since July, falling 15,000 to 376,000 seasonally
adjusted, down from the previous week's revised total of 391,000, according
to figures released by the Employment and Training
You're right. I'm using a conservative estimate of the
multiplier, which ironically implies a higher required
stimulus. Alternatively, I could use a more optimistic
estimate that would imply less need for stimulus. --mbs
So if the multiplier is 1.5, must we advocate a $333 billion
stimulus
I don't think that PK has moved to the left. He seems to have a very
narrow range of acceptable politics/economics. Anyone to the left or to
the right is fair game. He can write well and is clever, so when he
lashes out at the right, he can be pleasant to behold, but he often relies
on
CB: Yes, actually, I was going to type in some of Perlo's chapter
The Rate of Profit. The funny thing is Perlo uses both the famous
anti-consumptionist quote from Vol. II that you stand on and the
ultimate cosuming power of society quote from Vol. III that shows
your view is only part of
CB: So, the funny thing is your list position may end up closer to the
Staliinist-Leninist economist analysis than you thought , ha ha.
Rakesh:Have you read Richard Day's book on Soviet economic debates. I have.
Varga prevailed, and it should be obvious to you that I reject his
Re: reform and rev
by Rakesh Bhandari
24 January 2002 18:09 UTC
CB: I am not familiar with Pashakunis' liquidation specifics,
although I believe it was after the Bolsheviks were dissolved into
the CPSU.
How convenient that you are not familiar with the history of the
Soviet Union that you
the profit rate recession
by Fred B. Moseley
-clip-
The main point of disagreement seems to be - whether or not the decline of
investment spending that caused the recession was itself caused by the
decline in the rate of profit since 1997. I argue yes and you argue
no. You argue that
Charles and Rakesh, this dialogue is going nowhere. Can you take it
offlist?
On Fri, Jan 25, 2002 at 03:47:39PM -0500, Charles Brown wrote:
Re: reform and rev
by Rakesh Bhandari
24 January 2002 18:09 UTC
CB: I am not familiar with Pashakunis' liquidation specifics,
although I
Thanks for the plug, Jim. At another point in the manuscript, I mention in
passing the role of Frank Knight in developing the distinction between risk and
fundamental uncertainty. Knight's claim was that entrepreneurship is the
specialty of people with an abnormal tolerance for plunging into
Mat,
How do you deal with the argument that the apparent tradeoff between growth
(or full employment) and the environment is due to the failure of full cost
internalization? The standard neoclassical position is that, for markets to
function properly, they have to reflect true social costs and
I don't think that PK has moved to the left. He seems to have a very
narrow range of acceptable politics/economics. Anyone to the left or to the
right is fair game. He can write well and is clever, so when he lashes out
at the right, he can be pleasant to behold, but he often relies on
I raise a single question (and Doug your reply would doubtless be
most illuminating--am I way off here?):
Why did the drop off in investment spending *lag behind* the drop
in profitability?
Doug writes:
The financial mania, of course. There were plenty of outside funds to
tap, and
- Original Message -
From: Peter Dorman [EMAIL PROTECTED]
(The more that comes out, the more the whole business
begins to look like a vast, interconnected Ponzi scam. Look at the
story in
the NYT today about the secret investment fund marketed on Wall
St., which
paid dividends out of
Hi Peter -
I have taken a multi-pronged approach that includes arguments about
valuation problems (criticisms of contingent valuation, travel cost, and
other methods); an alternative view of social costs based on Kapp's work
that includes cumulative causation; critique of optimality notions
CB: Yes, actually, I was going to type in some of Perlo's chapter
The Rate of Profit. The funny thing is Perlo uses both the famous
anti-consumptionist quote from Vol. II that you stand on and the
ultimate cosuming power of society quote from Vol. III that shows
your view is only part of
CB: You do accept that dictatorship of the proletariat is Marx's
formulation though, right ? So, what is the Luxemburg, Mattick ,
Draper, Thomas formulation of the dicatatorship of the proletariat ?
It's not the Bolshevik one, don't you know.
CB: You can't dismiss an
- Original Message -
From: Forstater, Mathew [EMAIL PROTECTED]
Once when I was giving a job talk for a position that was a joint
appt
in economics and environmental studies, after a long day of
individual
and group interviews with faculty and students of both programs,
after
going
Put is this way, I don't think it is likely that Pashakunis was
murdered because he had some good Marxist theory of jurisprudence,
and Stalin wanted to cover up the good theory and put forth a
bad theory of Marxist jurisprudence. Does that speak to what you
are getting at ?
In part. The
please take it off list. Thanks.
On Fri, Jan 25, 2002 at 03:48:01PM -0800, Rakesh Bhandari wrote:
CB: You do accept that dictatorship of the proletariat is Marx's
formulation though, right ? So, what is the Luxemburg, Mattick ,
Draper, Thomas formulation of the dicatatorship
Doesn't fraud also accompany a falling rate of profit? I have thought about
this relationship quite a bit, but I have seen relatively little written about
it.
As profit rates fall, companies resort to more and more risky behavior to
compensate for the fall into rate of profit. In the process,
I hope that people remember O'Neil's cavalier attitude toward bankruptcy
the next time some industry comes along asking for a bailout.
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
Michael Perelman wrote:
Doesn't fraud also accompany a falling rate of profit? I have thought about
this relationship quite a bit, but I have seen relatively little written about
it.
As profit rates fall, companies resort to more and more risky behavior to
compensate for the fall into rate of
I don't disagree with you, except to the extent that I think that the real
rate of profits has been declining since the late 1960s. It got a boost
from the decline in regulation and in the power of labor, as well as from
the opening up of new markets. None of these could be expected to
continue
Thanks! Could you post some specific references for Ravetz and Funtowicz?
I agree with a lot (I think most) of the specifics you raise, but such a
diffuse critique runs the risk of not communicating itself beyond the small
circle of people who go through the whole thing systematically. Is there
Concerning the California governor's announcement discussed
here recently:
The nurse-to-patient staffing minimums won by the California
Nurses Association constitute a reform victory for patients and
nurses. They give bedside nurses a tool to fight terrible
situations of overwork and
Mat, I see another dimension to your statement about the lack of regulation
and the lack of sustainability. In my Natural Instability book I made the
case that increasing pressure on the input side -- such as through higher
wages or greater environmental restrictions -- can create a simulated
Friends,
This is a call some anarchist comrades sent to the Mayday2k list.
Being the only anarcho-leninist (whatever this means) I know of,
I thought this would be of interest to you.
Best,
Sabri
+
Call to action: CACEROLAZO GLOBAL
INTERNATIONAL CALL TO ACTION
C A C E R O L
what is an anarcho-leninist?
On Fri, Jan 25, 2002 at 06:53:30PM -0800, Sabri Oncu wrote:
Friends,
This is a call some anarchist comrades sent to the Mayday2k list.
Being the only anarcho-leninist (whatever this means) I know of,
I thought this would be of interest to you.
Best,
Sabri
Keats, Charles. 1982. Magnificent Masquerade: The Strange Case of
Dr. Coster and Mr. Musica (NY and London: Garland).
Philip Musica, a NY swindler, who created the false identity
of Dr. Coster, took over McKesson Robbins. He weathered the
Depression by creating fictitious profits
Whoever you want them to be :-)
Ian
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Friday, January 25, 2002 7:41 PM
Subject: [PEN-L:21926] Re: BECAUSE WE ARE ALL ARGENTINES
what is an anarcho-leninist?
On Fri, Jan 25, 2002 at 06:53:30PM
UBS Warburg fires four bankers
Jill Treanor
Saturday January 26, 2002
The Guardian
Four investment bankers at UBS Warburg have been sacked for
accessing a competitor's website and copying its research.
The bankers used the website set up by Morgan Stanley to give its
customers access to its
That is not true Ian,
I am still working on the definition. I will let both of you know
when I am done!
Best
Sabri
Whoever you want them to be :-)
Ian
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Friday, January 25, 2002 7:41 PM
that's why I had the :-) at the end...Sorry if it's
misunderstood
Ian
- Original Message -
From: Sabri Oncu [EMAIL PROTECTED]
To: PEN-L [EMAIL PROTECTED]
Sent: Friday, January 25, 2002 9:15 PM
Subject: [PEN-L:21930] Re: Re: BECAUSE WE ARE ALL ARGENTINES
That is not true Ian,
I am
Unrest a Chief Product of Arab Economies
By Paul Blustein
Washington Post Staff Writer
Saturday, January 26, 2002; Page A01
CAIRO -- The economic misfortunes that fuel resentment among young
Arab men emerge through the cigarette smoke at a street-side cafe,
where a table full of Egyptians in
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