Re: [PEN-L] Is there a tax expert in the house?

2007-07-16 Thread Jim Devine
On 7/15/07, Max B. Sawicky [EMAIL PROTECTED] wrote: I haven't read the article yet. The CBO director is Peter Orszag, out of Berkeley and Brookings. Not a supply-sider, but a deficit hawk. well, that's the first time I've been wrong this year! Most feel the CIT is borne by capital (not

Re: [PEN-L] inequality

2007-07-16 Thread Jim Devine
On 7/15/07, raghu [EMAIL PROTECTED] wrote: On 7/15/07, Louis Proyect [EMAIL PROTECTED] wrote: http://louisproyect.wordpress.com/2006/08/06/ben-stein-and-karl-marx/ This still leaves the crucial question unanswered - what is the reason for the erosion of the trade union movement? One's

[PEN-L] Neo-Conservatism and strong national states

2007-07-16 Thread ken hanly
Here is a quote from James Laxer, a well known Canadian left nationalist, and one of the founders of the Waffle group. It is from the site Rabble. http://www.rabble.ca/politics.shtml?sh_itm=8d811e83d96c88510bbdca2cfffcf99frXn=1; From the political right, once a strong source of support for a

Re: [PEN-L] inequality

2007-07-16 Thread Michael Perelman
Isn't the bureaucratization of the union hierarchy a part of the story? On Mon, Jul 16, 2007 at 06:22:37AM -0700, Jim Devine wrote: On 7/15/07, raghu [EMAIL PROTECTED] wrote: On 7/15/07, Louis Proyect [EMAIL PROTECTED] wrote:

[PEN-L] Usury Law, Payday Loans, and Statutory Slight of Hand

2007-07-16 Thread The Buffalo In Da' Midst
Workers drowning in an ocean of overwhelming consumer debt. This is a a good issue for 'union' organizing... where are they? Out shopping? Leigh From Docuticker by Shirl Kennedy http://www.docuticker.com/?p=14840 Usury Law, Payday Loans, and Statutory Slight of Hand An Empirical Analysis

Re: [PEN-L] inequality

2007-07-16 Thread Marvin Gandall
Jim Devine wrote: On 7/15/07, raghu [EMAIL PROTECTED] wrote: On 7/15/07, Louis Proyect [EMAIL PROTECTED] wrote: http://louisproyect.wordpress.com/2006/08/06/ben-stein-and-karl-marx/ This still leaves the crucial question unanswered - what is the reason for the erosion of the trade union

Re: [PEN-L] inequality

2007-07-16 Thread Marvin Gandall
Michael Perelman wrote: Isn't the bureaucratization of the union hierarchy a part of the story? = I tend to see bureaucratization more as an expression than cause of the decline in trade union militancy - much facilitated of course by the institutionalization of labour

[PEN-L] Query

2007-07-16 Thread Louis Proyect
I need an article from the 1977 Capital Class archives that is only available to subscribers. Please contact me privately if you can help.

Re: [PEN-L] Neo-Conservatism and strong national states

2007-07-16 Thread Jim Devine
On 7/16/07, ken hanly [EMAIL PROTECTED] wrote: Here is a quote from James Laxer, a well known Canadian left nationalist, and one of the founders of the Waffle group. ... why is it called the Waffle? that makes it sound bad. (No-one knows for sure, by the way, why the IWW were called Wobblies,

Re: [PEN-L] Is there a tax expert in the house?

2007-07-16 Thread Jim Devine
For what it's worth, I did a seat-of-the-pants estimate of what the 2004 effective tax rates (for Federal taxes only) assuming that the corporate tax is distributed more equally across the population. I simply took the corp. tax out of the equation and then standardized the numbers so that the

Re: [PEN-L] Is there a tax expert in the house?

2007-07-16 Thread Michael Perelman
A noted economist M. Sawicky introduced the idea of do it yourself tax cuts -- by which he meant elaborate tax avoidance schemes. The IRS keeps data on the amount of uncollected taxes. We could safely assume that the ability to avoid taxes increases with income. -- Michael Perelman

[PEN-L] Harvard Human Rights center helped to formulate surge in Iraq

2007-07-16 Thread Louis Proyect
http://www.zmag.org/content/showarticle.cfm?SectionID=51ItemID=13300

Re: [PEN-L] A question on the ethics of complicated econometric estimations

2007-07-16 Thread Jim Devine
me: I wasn't advocating econometric nihilism. I don't know how you got the impression that I was. Please provide evidence. Julio Huato: Sure. You reject time-series analysis as crude empiricism. What is one left with to analyze economic time-series if time-series analysis is taken away?

[PEN-L] Western Spy Ring Works For Peanuts In Iran

2007-07-16 Thread The Buffalo In Da' Midst
Squirrel spy ring? Thats nuts! Thu. 12 Jul 2007 Sky News Police in Iran are reported to have taken 14 squirrels into custody - because they are suspected of spying. The rodents were found near the Iranian border allegedly equipped with eavesdropping devices. The reports have come from the

Re: [PEN-L] Is there a tax expert in the house?

2007-07-16 Thread Max Sawicky
Actually I was referring to illegal tax evasion, made possible by lack of IRS enforcement, rather than legal tax avoidance. The illegal piece is estimated at $350 billion a year. The legal piece is approximated by the data on tax expenditures, reported every year by OMB. The components of the

[PEN-L] from my travel blog

2007-07-16 Thread MICHAEL YATES
Here is a part of my travel blog (www.cheapmotelsandahotplate.org. Click on blog.). I read the discussion on inequality on pen-l. I have been banging on this issue at every stop on my book tour (this week in Texas barnstorming with the California Nurses Association). How can we have any kind

[PEN-L] Benchmarks: 24,390 more Iraqis needed...

2007-07-16 Thread The Buffalo In Da' Midst
a range of possible new directions in Iraq, including, if President Bush deems it necessary, an even bigger troop buildup. http://news.yahoo.com/s/ap/20070716/ap_on_re_mi_ea/iraq_pace

[PEN-L] The rip-offs never stop: Bear Stearns CEO Investigated By Golf Club For Altering Score

2007-07-16 Thread The Buffalo In Da' Midst
Bear Stearns CEO Investigated By Golf Club For Altering Score from The Huffington Post | Full News Feed http://www.huffingtonpost.com/2007/07/16/bear-stearns-ceo-investig_n_56419.html by The Huffington Post News Editors CNBC has learned that the Hollywood Country Club in Deal, New Jersey is

[PEN-L] rap on MRAPs

2007-07-16 Thread Jim Devine
from SLATE: USA Today leads with an in-house investigation that found service members on the ground in Iraq had been asking for the Mine Resistant Ambush Protected vehicle, which provides much better protection against roadside bombs, since as early as December 2003. But Defense Secretary Robert

[PEN-L] California Sicko

2007-07-16 Thread Michael Perelman
The state Legislature is trying to pass a modification of term limits. Admittedly, term limits is a stupid policy because inexperienced lawmakers become more dependent on lobbyists. Although this particular legislation limits the total number of years a legislator can serve, it will allow a

[PEN-L] quotations from Chairman Greg

2007-07-16 Thread Jim Devine
(N. Gregory Mankiw is a professor of economics at Harvard. He was an adviser to President Bush and is advising Mitt Romney, the former governor of Massachusetts, in the campaign for the Republican presidential nomination.) Three fragments from Greg Mankiw's column in the New York TIMES, which I

Re: [PEN-L] quotations from Chairman Greg

2007-07-16 Thread raghu
On 7/16/07, Jim Devine [EMAIL PROTECTED] wrote: http://select.nytimes.com/mem/tnt.html?emc=tnttntget=2007/07/15/business/yourmoney/15view.htmltntemail0=y Here's the link to the Free version: http://www.nytimes.com/2007/07/15/business/yourmoney/15view.html I noticed this curious piece of

Re: [PEN-L] A question on the ethics of complicated econometric estimations

2007-07-16 Thread Julio Huato
Michael Perelman wrote: like to respond to Julio, who seemed to support Jim's Popper-like suggestion that econometrics can only disprove theory, not confirm it, but then went on to suggest, if I'm reading them correctly, that econometrics can do much more. Michael, I just didn't want to

Re: [PEN-L] A question on the ethics of complicated econometric estimations

2007-07-16 Thread Julio Huato
raghu wrote: This discussion would be much enriched if you can provide a concrete example. An example where increased sophistication in modeling and computation has provided good forecasting ability. raghu, Please don't get offended, but your request makes me think of somebody who, after

Re: [PEN-L] A question on the ethics of complicated econometric estimations

2007-07-16 Thread Julio Huato
Jim Devine wrote: For the record, I did NOT reject time-series analysis as crude empiricism. Instead, I wrote the following: isn't ARMA nothing but crude empiricism, a modern version of factor analysis? No. For the record, you wrote: that's [time-series analysis is] a dynamic form of

Re: [PEN-L] Neo-Conservatism and strong national states

2007-07-16 Thread ken hanly
The story is that Ed Broadbent used the phrase as describe in this bit from Wikipedia. I was active in the movement and my understanding is the same...The movement was a group within the NDP attempting to move it to the left. Origins of the Waffle name The name was meant ironically — one story,

Re: [PEN-L] A question on the ethics of complicated econometric estimations

2007-07-16 Thread Michael Perelman
Does everyone agree with this definition of robustness? Is an estimation that depends on the removal of outliers robust? Question: Julio, give me an example of an econometric study that settled a question? Suppose I present a paper at Chicago showing that money is endogenous -- that GDP

Re: [PEN-L] Neo-Conservatism and strong national states

2007-07-16 Thread michael a. lebowitz
At 11:14 16/07/2007, jim d wrote: On 7/16/07, ken hanly [EMAIL PROTECTED] wrote: Here is a quote from James Laxer, a well known Canadian left nationalist, and one of the founders of the Waffle group. ... why is it called the Waffle? that makes it sound bad. (No-one knows for sure, by the

Re: [PEN-L] A question on the ethics of complicated econometric estimations

2007-07-16 Thread raghu
On 7/16/07, Julio Huato [EMAIL PROTECTED] wrote: raghu, Please don't get offended, but your request makes me think of somebody who, after watching Michael Moore's Sicko, asks for concrete examples showing that medical technology has really improved, given that the U.S. health care system is