Tom Lehman [EMAIL PROTECTED] wrote:
I'm curious if anyone in California has any comments about their
personal experiences with electric utility deregulation. I
understand that your electric bills have gone up due to
deregulation. Any other effects?
I have just written a piece on the
Thanks for the beaut post, Frank.
Very compelling and, even in the blistering heat of an antipodean summer,
rather chillingly so. Apparently some commentator has of late (might it
have been Christopher Hitchens?) written a scary piece about just how
similar are the ways we have treated Russia's
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--_=_NextPart_000_01BE3A54.BBBD19E0
BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
RELEASED TODAY: In October 1998, there were 1,554 mass layoff actions by
Ellen quotes:
BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
The prevailing view at the three-day meeting of the American Economic
Association was that high stock prices probably reflect the economy's actual
strength and not a speculative bubble that could burst. ... In the minds of
many
Dear Gene and Pen-L,
Our Ohio AFL-CIO talking points are weak on the California electric
utility deregulation situation. Here is an example, " California...The
consumers lost $9.00 for evey Dollar that they saved. Some large
utilities are getting out of the Residential market." What's this
strength and not a speculative bubble that could burst...In the minds of
many economists, the stock market serves mainly as a gauge of the real
economy and a stimulus for spending.
I guess that means that "in the minds of many economists" the real economy
grew 2.5% yesterday but then shrunk a
At 10:45 AM 1/7/99 -0500, you wrote:
BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
The prevailing view at the three-day meeting of the American Economic
Association was that high stock prices probably reflect the economy's actual
strength and not a speculative bubble that could burst. ... In the
On Thu, 7 Jan 1999, Jim Devine wrote:
Ellen writes:
Over the last few days, I have been looking over data on wages, exports,
bankruptcies, etc. in the former so-called emerging markets. International
capital, it seems, is really putting the screws to the laboring classes in
Asia and
Rob Schaap wrote:
G'day Ellen and Jim,
Jim writes:
IMHO, the strength of the US stock market first and foremost reflects the
strength of the US profit rate
I get confused here. Many 1998 annual reports within the Fortune 500
pointed at DECLINING profits, no? And might we not be conflating
Doug writes:
Most of the improvement in US corporate profitability is the result of
lower interest costs. Add together profits and interest (to get some
measure of the corporate surplus) and there's little change since the early
1980s as a share of GDP.
Looking at the SURVEY OF CURRENT BUSINESS,
Seems like "a" ,not "the", triumph of
capitalism.
Charles Brown
"Ellen T. Frank" [EMAIL PROTECTED] 01/07 12:16 PM
At 10:45 AM 1/7/99 -0500, you wrote:
BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
The prevailing view at the three-day meeting of the American Economic
Association was that high
Gosh, well I didn't get to any of those sessions where
people were being so pollyannaish about the US stock
market. OTOH lots of us have gotten burned predicting
imminent collapses, etc., that have not happened, or were
followed more than compensatory runups, as in the second
half of
Barkley Rosser wrote,
Of course he could be wrong and this is January, when
the "January Effect" of unusually rapidly rising stock
prices frequently happens. But then October is often a
time of unusual declines and this last one saw a record
runup. Oh well, we shall just have to wait
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