Wall St ... again

2000-10-18 Thread Rob Schaap
G'day all, Wow! A DJI at about 9700 all of a sudden - any diagnoses of our moment? Is it the price of oil? The whispers of junk-bond-exposed investment banks ? Lousy tech projections (where it's acroos the board - from chips to dotcoms to computers)? Is there a compelling mainstream

Re: Wall St ... again

2000-10-18 Thread Jim Devine
At 01:05 AM 10/19/00 +1000, you wrote: G'day all, Wow! A DJI at about 9700 all of a sudden - any diagnoses of our moment? Is it the price of oil? The whispers of junk-bond-exposed investment banks ? Lousy tech projections (where it's acroos the board - from chips to dotcoms to computers)? Is

BLS Daily report

2000-10-18 Thread Richardson_D
BLS DAILY REPORT, TUESDAY, OCTOBER 17, 2000 RELEASED TODAY: In 1999, the productivity growth rate for manufacturing was the highest in the United States among the 10 countries for which comparable data were available, according to preliminary Bureau of Labor Statistics data. Labor productivity

RE: Re: Re: Re: Re: Re: Ralph Nader super-rally in Madison Square Garden

2000-10-18 Thread Max Sawicky
This misses the point. Transcendental meditators and witches run campaigns to recruit members. Personally, I'm a devotee of Adorno's Theses Against Occultism. I hope that we're in the majority on this one, but I remember when the Yippies tried to levitate the Pentagon. (Max, was that in your

Armani suits on display at the Guggenheim Museum

2000-10-18 Thread Louis Proyect
Art for Armani's sake New York's institutions of high culture are unashamedly selling out to high fashion. - - - - - - - - - - - - By Albert Lee Oct. 18, 2000 | It's Fashion Week in New York -- again! The Seventh on Sixth festival of fashion may have ended a few weeks ago. But a spate of new

Re: Wall St ... again

2000-10-18 Thread Doug Henwood
Rob Schaap wrote: Wow! A DJI at about 9700 all of a sudden - any diagnoses of our moment? Is it the price of oil? The whispers of junk-bond-exposed investment banks ? Lousy tech projections (where it's acroos the board - from chips to dotcoms to computers)? Is there a compelling mainstream

Re: Re: Wall St ... again

2000-10-18 Thread martin schiller
Doug Henwood said on 10/18/00 10:02 AM 9963 as I type. It's all these things - oil, Mideast, higher-than-expected inflation, weakening profits, anxiety about credit risks... Don't you have to dump a huge number of shares to create the trade imbalance that causes a price drop? Or is it just

Re: Re: Milosevic and privatization

2000-10-18 Thread Chris Burford
At 21:07 17/10/00 -0400, Michael Hoover wrote: Point of all this is to suggest that anti-privatization stance and move to control "commanding heights" in recent years was more a pragmatic response to circumstances than an indication of commitment to socialism. Milosevic or no Milosevic (and I

The funeral of Scotland's first minister

2000-10-18 Thread Chris Burford
Entirely a struggle of reforms, the occasion of the death of Scotland's first minister of only just over a year's standing, Donald Dewar, is a moment to salute the struggle that brought devolution to Scotland and a Scottish parliament back almost 300 years after it was abolished. The Scots

Fwd: BIG Ithaca HOUR News!

2000-10-18 Thread Joanna Sheldon
For those of you interested in local money... I believe my home town of Ithaca, NY was the first to develop the idea, encapsulated in Ithaca Hours (each one of which is, by common agreement, worth ten dollars). And Paul Glover's the madman behind the local tender scheme. He's also the one who

New Labour, Free Labour and lump labour (was Giddens' . . .)

2000-10-18 Thread Tom Walker
Further to the despicable and revolting travesty of "employment policy analysis" by T. Boeri, R. Layard and S. Nickell in their Welfare to Work report to Prime Ministers Blair and D'Alema and the Council of Europe, I am forwarding three texts. The first is the central argument of the 1901 London

Re: Re: Re: Milosevic and privatization

2000-10-18 Thread Louis Proyect
Buford: A crucial feature of overall socialist control of an economy would have been how to adjust for the differential in growth rates in different parts of the country. Block transfer of funds from areas like Serbia to Kosovo, may have been only part of an answer, and one open to Serb

Re: Fwd: BIG Ithaca HOUR News!

2000-10-18 Thread Michael Perelman
I don't think that the Ithaca hours would be a solution to a massive amount of unemployment, but I suspect that it does offer a certain amount of opportunity for some people and the margins of the economy. In that respect, it can improve the lives of a few people -- but Doug is probably correct

Re: Fwd: BIG Ithaca HOUR News!

2000-10-18 Thread Joanna Sheldon
Ithaca money was never meant to have anything *but* a local effect. The local is the whole point, fer cryin' out loud. As Glover says in his introduction: We printed our own money because we watched Federal dollars come to town, shake a few hands, then leave to buy rainforest lumber and fight

Re: Fwd: BIG Ithaca HOUR News!

2000-10-18 Thread martin schiller
Michael Perelman said on 10/18/00 3:17 PM I don't think that the Ithaca hours would be a solution to a massive amount of unemployment, but I suspect that it does offer a certain amount of opportunity for some people and the margins of the economy. In that respect, it can improve the lives of a

Ithica Hours: bounced from Martin Shiller

2000-10-18 Thread Michael Perelman
Michael Perelman said on 10/18/00 3:17 PM I don't think that the Ithaca hours would be a solution to a massive amount of unemployment, but I suspect that it does offer a certain amount of opportunity for some people and the margins of the economy. In that respect, it can improve the lives of a

Re: Re: Re: Re: Milosevic and privatization

2000-10-18 Thread phillp2
Louis, I think both you and Chris are somewhat off base on this. The Slovenes (I can't speak so confidently of the Croats but I was teaching and living for extended periods at the time in Slovenia and in constant touch directly or indirectly with Slovene government officials) did not resent

Re: RE: Suppressed Voices: McReynolds and Nader(fwd)

2000-10-18 Thread Gar Lipow
At this point I was just going to let the argument drop -- but have decided to pursue the mega-argument instead -- why we should spend a little time on speculating on the nature of a socialist society, on as old whiskers said "creating recipes for the cookshops of the future". To start with,

Re: RE: Suppressed Voices: McReynolds and Nader(fwd)

2000-10-18 Thread Gar Lipow
Note - the following was accidentally sent before I finished composing it. Here is the full post -- only a few additional paragraphs: At this point I was just going to let the argument drop -- but have decided to pursue the mega-argument instead -- why we should spend a little time on

More on ADM

2000-10-18 Thread Michael Perelman
I took this from Al Krebs' AgBiz Examiner. It is useful because it throws light on 1) Corporate control of the news. 2) GM crops. as well as some intresting speculations about ADM. NEW YORK TIMES: “ALL THE NEWS THAT’S FIT TO PRINT” . . . . . EXCEPT WHEN IT CONCERNS ADM? An article