[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

[PEN-L] interesting quote

The New Zealand economist Bill Phillips, in his 1958 paper The relationship between unemployment and the rate of change of _money wages_(emphasis added -CB) in the UK 1861-1957 published in Economica, observed an inverse relationship between_money wage_ changes and unemployment in the British

[PEN-L] bird flu preparedness

WHITE HOUSE SAYS IT IS PREPARED TO BLAME OTHERS FOR BIRD FLU OUTBREAK Hopes to 'Hit the Ground Running' in Blame Game In an effort to show the American people that it is prepared for any potential outbreak of bird flu, the White House today unveiled a detailed strategy showing whom it would

[PEN-L] happy birthday!

to Karlos Marx! -- Jim Devine / Economics is extremely useful as a form of employment for economists. -- John Kenneth Galbraith.

[PEN-L] Will Turkey be Europe's China?

http://business.guardian.co.uk/economicdispatch/story/0,,1768383,00.html -- www.marxmail.org

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

On 5/4/06, C Ruiz [EMAIL PROTECTED] wrote: 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

Re: [PEN-L] Will Turkey be Europe's China?

On 5/5/06, Louis Proyect [EMAIL PROTECTED] wrote: http://business.guardian.co.uk/economicdispatch/story/0,,1768383,00.html quoting the article: Turkey's rise since the economy nosedived 9% in 2001 has been astonishing and it can now repay its IMF debt ahead of schedule, deputy premier

Re: [PEN-L] Will Turkey be Europe's China?

what happened? I'm sorry, but I don't pay enough attention to Turkey. In 2001, it looked like Turkey might be in Big Trouble. Now... -- Jim Devine / Economics is extremely useful as a form of employment for economists. -- John Kenneth Galbraith. Apparently, Turkey went through the same sort

[PEN-L] Chechnya, Darfur, and Jewish Activism

Chechnya, Darfur, and Jewish Activism: http://mrzine.monthlyreview.org/furuhashi050506.html -- Yoshie http://montages.blogspot.com/ http://mrzine.org http://monthlyreview.org/

[PEN-L] Vietnam to invest over $1 billion in textile and garment projects

Nhan Dan http://www.nhandan.com.vn/english/ Over US $1 billion to be invested in textile and garment projects http://www.nhandan.com.vn/english/business/040506/business_4tin.htm The VietnamTextile and Garment Group (Vinatex) plans to invest VND16.1trillion(over US$1 billion) in 24 key expansion

[PEN-L] Books about class

http://www.nybooks.com/articles/18995 Volume 53, Number 9 · May 25, 2006 Review The Rich and Everyone Else By Andrew Hacker Class Matters by correspondents of The New York Times, with an introduction by Bill Keller Times Books, 268 pp., $14.00 (paper) Inequality Matters: The Growing Economic

[PEN-L] Despite Chavez ties, Bolivia is not Venezuela

Reuters.com Despite Chavez ties, Bolivia is not Venezuela http://today.reuters.com/news/articlenews.aspx?type=reutersEdgestoryid=2006-05-03T192936Z_01_N03372904_RTRUKOC_0_US-ENERGY-VENEZUELA-BOLIVIA.xmlimageid=cap= Wed May 3, 2006 3:29pm ET By Brian Ellsworth - Analysis CARACAS, Venezuela

Re: [PEN-L] J.K. Galbraith

Jim, In response to another posting you wrote: Jim D: Marx was right, under the gold standard (which prevailed at the time), which prevents any price inflation. Nowadays, prices may or may not rise with money wages, but capitalists have much more control over prices than under the gold standard.

[PEN-L] America, offshore and unaccountable

Courtesy of David Swanson's diary @ dKoz: http://david-swanson.dailykos.com/ http://www.dailykos.com/story/2006/5/5/75355/26507 J. Jill, Ann Taylor, Liz Claiborne: Made By Slaves, Backed by Congress Fri May 05, 2006 at 04:53:55 AM PDT By David Swanson The Spring 2006 issue of Ms. Magazine

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

Re: [PEN-L] interesting quote

Yep, HF's, big investment houses like Goldman-Sachs or Morgan, etc,all kind of money market funds and other financial institutions. Pension funds are only now gingerly traipsing into the business. foreign CB's are usually forbidden to invest in any thing other than UST's. With Fannie Mae (and

[PEN-L] new frontiers in self-defeating inhumanity

from SLATE: Yesterday's LA [TIMES] noted the central contradiction in the administration's moves against terror suspects, namely that small-time operators have faced court while higher-up men have been stuffed in secret cells somewhere. The LAT emphasized the administration's argument that it

[PEN-L] China, US to join hands in lunar probing?

People's Daily Online http://english.peopledaily.com.cn/ Opinion UPDATED: 17:16, May 01, 2006 China, US to join hands in lunar probing? http://english.peopledaily.com.cn/200605/01/eng20060501_262542.html On 26th of this month, the US Cable News Network and some other media published a same

[PEN-L] Is Krugman right here?

Is increasing returns the key to this split? Or is it, as I believe, cost structure? Gene Coyle May 7, 2006 'Knowledge and the Wealth of Nations,' by David Warsh The Pin Factory Mystery Review by PAUL KRUGMAN ECONOMIC ideas play a large role in shaping the world. Practical men, who believe