My research with 60 Minutes II regarding university and credit card contracts underscores the growing role of this rapidly increasing and uncontrolled sector: university foundations. In our case, public universities establish foundations for Alumni Ass (or athletic booster organizations, etc) so
forwarded message
September 21, 2084
Money a Waste, Economists Conclude
WASHINGTON DC--A special research committee convened by the U. S. Treasury
Department, and including officials and economists from the General
Accounting Office and Federal Reserve Board, released on Thursday its
"Final
What is the best estimate of the cost of
the SL bailout?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
What is the best estimate of the cost of
the SL bailout?
--
Michael Perelman
Chicago Sun-Times, July 15, 1996, MONDAY, Late Sports Final Edition
Cost of SL bailout continues to climb
BY ROB WELLS
DATELINE: WASHINGTON
A new congressional study puts the price tag of the savings and loan
You have to be careful with posts like this. It is no longer possible to
distinguish between reality and absurdity.
On Mon, Mar 12, 2001 at 10:10:14AM -0500, Andrew Hagen wrote:
forwarded message
September 21, 2084
Money a Waste, Economists Conclude
WASHINGTON DC--A special research
150-175 billion$$
-Original Message-
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Michael Perelman
Sent: Monday, March 12, 2001 7:23 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:8926] SL bailout cost
What is the best estimate of the cost of
the SL bailout?
--
The problem with this analysis is that it is, at best, only half right. Of
course a centralising government that creates lots of extra paperwork by
setting targets and constructing complex auditing frameworks and
bureaucracies will create more problems than it solves. But this is to
ignore the
Everyone hear messrs Buffett and Bezos this morning? 'Git th' hell out' was
what I heard. So did lotsa others. Take a peek at the Nasdaq (oh, and it
ain't going straight to the Dow either. And whatever Japanese cappos are
doing with whatever they've salvaged from the Nikkei, it certainly
Michael Perelman wrote:
What is the best estimate of the cost of
the SL bailout?
I had a researcher call around DC a few years ago - CBO, OMB, OTS,
GAO, private entities - and no one had a good estimate, which utterly
amazed me. In the historical budget tables, "deposit insurance" comes
in
And you lot have just named a carrier after the bloke who deregulated the SL
industry in the first place (1982), and admonished the bloke who siphoned half
a trillion of your dollars into the consequent black hole in 1989 by (sorta)
electing his son to the presidency.
Oh, well. Forgive and
Hi again,
Apropos our earlier chat about Shrubya's casual decision to exacerbate
tensions in the middle-east - I'd meant to mention that Saddam is utilising
the 'Indefatigable Arab Stalwart' image Washington has handed him by offering
the Palestinians thousands of Iraqi volunteers to help them
Rob Schaap wrote:
And you lot have just named a carrier after the bloke who deregulated the SL
industry in the first place (1982),
Not really. SL dereg - and dereg in general - was a bipartisan
project all along. The infamous Garn-St Germain act, the 1982 law
which lifted restrictions on
I recall the usual number thrown out was around $450-500 billion, but I have
seen estimates as high as $1.2 trillion.
-Original Message-
From: Michael Perelman [mailto:[EMAIL PROTECTED]]
Sent: Monday, March 12, 2001 9:23 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:8926] SL bailout cost
Louis Proyect wrote:
Later, after 6 or 7 bankers have jumped, go and eat a plate of oysters,
sink a bottle of Lanson Black Label, try mixing the Lanson with Guniess,
and drink another bottle of Lagavulin over a large steak Voronoff.
At 10:17 PM +0100 9/18/98, Mark Jones wrote:
But I'm happy to
Guinness followed by coffee? Hmmm. The proper procedure is a pint of
Guinness followed by a large Lagavulin. Smoke a cigar, preferably Cuban,
while watching bankers throw themselves off ledges, recall Voltaire's
words ('If you see a banker jump from a window, be sure to do the
same'), smile and
At the repeated prodding of Michael P. I've begun
research for an article on PeopleSoft, the
administrative software firm. Seems the company's
software system might be solely responsible for the
bankruptch of Cleveland State University. I think this
group may be interested in a few of the quotes
for what it's worth, I'm in the L.A. TIMES today.
Learning to Read a Smile
People with Asperger's syndrome, a neurological disorder, are often
brilliant but lack basic social skills. One treatment is to learn "scripts"
for interaction.
By ROSIE MESTEL, Times Medical Writer
In a Sherman
NY Times, March 12, 2001
Berkshire Hathaway Faces a Tough Insurance Market
By JOSEPH B. TREASTER The insurance businesses at the core of Warren E.
Buffett's financial empire suffered heavy losses last year, reflecting
tough competition in auto insurance and the difficulty of making money in
I don't have a ready reference for you, but I know PeopleSoft has been an absolute
disaster at Stony Brook. Installed as a data management tool for the
graduate school, it has brought
the system to a halt. My understanding is that university administrators would chuck
it in an instant if they
NY Times, March 12, 2001
Judge Approves American's Purchase of TWA
By THE ASSOCIATED PRESS
Filed at 1:11 p.m. ET
WILMINGTON, Del. (AP) -- A federal judge on Monday said he is going to
accept the $742 million bid by AMR Corp.'s American Airlines for the assets
of bankrupt Trans World Airlines
A new congressional study puts the price tag of the savings and loan
debacle at $ 480.9 billion, much higher than previous estimates of the
government bailout.
Question: what are the tangible effects of putting $500 billion into a
financial system - directly and without links to productive
NY Times, March 12, 2001
Yale Pressed to Help Cut Drug Costs in Africa
By DONALD G. McNEIL Jr.
PARIS, March 11 - Trying a new tack to drive down the price of AIDS
medicines, the medical charity Doctors Without Borders has asked Yale
University to permit South Africa to import a generic
I just got finished tangling with a telephone messaging system that
undoubtedly was sold to the provincial government as a "labour saving /
cost saving device." In the short term, it probably saves a few dollars on
paper by concentrating workload on fewer employees. In the longer run,
those
There are others with this problem, so perhaps you might want to contact
someone in IT at West Chester University in PA where I understand they have
a similar problem with PeopleSoft. I apologize in advance, but I don't have
a contact there to help point the way, yet it seems like they have
During the height of the tech mania, PeopleSoft ran some really
obnoxious ads on CNBC at saturation frequency, narrated by some
hardass wiseguy with a British accent. One was set in a graveyard,
with the voiceover saying this is where you'd end up if you didn't
buy their software. Now it
There are others with this problem, so perhaps you might want to contact
someone in IT at West Chester University in PA where I understand they have
a similar problem with PeopleSoft. I apologize in advance, but I don't have
a contact there to help point the way, yet it seems like they have
San Francisco Unified School District bought PeopleSoft payroll software
that has been a nightmare for the district. Even with all the tweaking the
payroll clerks are at wit's end. Lawsuits are threatened.
The usually worthless SF Weekly (they had a cover story a few months ago on
the
US Human Rights Record in 2000:
http://www.China-embassy.org/eng/8652.html
Economic Reporting Review
By Dean Baker
You can sign up to receive ERR via email every
week
by sending a "subscribe ERR" email to
[EMAIL PROTECTED]
You can find the latest ERR at
http://www.tompaine.com/news/2000/10/02/index.html
and archived since August at www.tompaine.com.
All ERR's
prior
Thanks to Doug Henwood, Joel Blau, and Ann Li for more
info. I'm following up on all information.
Where this started was Michael's lead that the entire
California State University system is switching over
to the PeopleSoft system, despite a very
well-documented track record of failure. More on
--- Rob Schaap [EMAIL PROTECTED] wrote:
I was gonna talk about Indonesia's own chain reaction potential, too - but I
seem to have reached my doomsaying limit for now.
Y'all have a nice day now!
Rob.
Hey!
Please tell me more about this cause I don't think there are any limits to
http://www.guardian.co.uk/international/story/0,3604,450358,00.html
Embarrassed firms slash Aids drug prices
Special report: Aids
Sarah Boseley, health editor
Monday March 12, 2001
The Guardian
Aids patients in Ivory Coast will be the first to benefit from a price-cutting
war that appears to
There is alot of useful raw data in the report from the PRC, as there was in
the more analytical/policy wonkish report from Amnesty Int'l. on Human
Rights in the USA from last yr. http://www.rightsforall-usa.org/
But, OTOH, see this from the bourgeois liberal editors at the Washington
Post.
NYRB also had a piece on these stun guns a few yrs. ago.
And The Chicago Reader and In These Times (Salim Muwakkil) had some
reportage in the mid-80's on the Chicago precinct where widespread torture
of suspects occurred.
http://www.rightsforall-usa.org/info/report/r08.htm
"I had
How can Cleveland State go bankrupt?
Doug
Ohio State very nearly did in the early 1980s. --jks
_
Get your FREE download of MSN Explorer at http://explorer.msn.com
The latest [March 2001] issue of Ecological Economics has an essay "The Poverty
of Money: Marxian insights for ecological economists" by Anitra Nelson of RMIT
University at Melbourne, Australia
email is: [EMAIL PROTECTED]
The rest of the essay titles in the issue don't suck either, so I'm
February 2000
Book Review
---
Race Against Empire:
Black Americans and Anticolonialism, 1937-1957
Penny M. Von Eschen
Cornell University Press, 1997
189 pp.+ notes and index
---
When Anti-Imperialism and
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