F A C I N G S O U T H
A progressive Southern news report
July 10, 2003 * Issue 55
Published by the Institute for Southern Studies and Southern Exposure magazine.
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This article from NYTimes.com
In Wake of Protests, Security Chief in Hong Kong Resigns
July 16, 2003
By KEITH BRADSHER
HONG KONG, July 16 - The combative secretary of security
here, who led a push for stringent internal-security laws
that prompted 500,000 people to march in protest on July 1,
in reply to:
# From: Louis Proyect [EMAIL PROTECTED]
# To: Emily Jacquard [EMAIL PROTECTED], [EMAIL PROTECTED],
PEN-L list [EMAIL PROTECTED]
# Subject: Re: Reporters Without Borders: pro-USA
# Date: Wed, 16 Jul 2003 11:13:38 -0400
You campaign against
reporters being tortured or locked up, but
Terry M. Neal: Talking Points
The Contortions of the Pro-War Democrats
By Terry M. Neal
washingtonpost.com Staff Writer
Wednesday, July 16, 2003; 6:54 PM
Are some of the Democratic presidential candidates trying to have it
both ways on Iraq?
In recent days, Democrats have escalated their criticism
NY Times, July 17, 2003
MOVIE REVIEW | 'BE SEEING YOU'; 'AN INJURY TO ONE'
Two Distinct Views of Workers Rising Up
By DAVE KEHR
The double bill of documentaries that opens today at the Anthology Film
Archives bridges 35 years of leftist political filmmaking and suggests
that just about
I should preface this by saying that I do not think
that David's and my profession is parasitical,a nd
that we do add value. But Coase does not identify
the reason why. Information gathering is costly, but
lawyers as such gather information only about certain
sorts of costs, namely legal ones. We
On Thursday, July 17, 2003 at 07:23:46 (-0700) andie nachgeborenen writes:
I should preface this by saying that I do not think
that David's and my profession is parasitical,a nd
that we do add value. ...
Haven't been following this too closely, but (though my wife is an
attorney) it appears that
This twentieth century has been above all the century of increasing wealth.
No previous era we know of has seen anything like the proportional
growth in material, economic wealth--in the productivity of workers and
the standards of living of consumers--that the twentieth century saw in
the
There are lots and lots of arguments that lawyers are
parasites, that they do is write and enforce rules
that take rent, that society would be better off
without them. One could (many have) write a book on
the subject. Laywer bashing is very old. Probably
started shortly after the first lawyer
NBER: U.S. Recession Ended in November 2001
Thursday, July 17, 2003 11:08 AM ET
Dow Jones Newswires
NEW YORK -- The U.S. economy officially ended the recession it entered
into in March 2001 in November of the same year, a group responsible for
dating changes in
Ketchup is a vegetable.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
From: Michael Perelman [mailto:[EMAIL PROTECTED]
Ketchup is a vegetable.
I understand why you reject the semi-official NBER's declaration that the US recession
is over. But that's because you have a different definition.
Frankly, I think the NBER's definition is worthwhile (in context),
Devine, James wrote:
Further, we need to distinguish the NBER's bourgeois definition of
recession (falling real GDP) from a proletarian one (rising
unemployment, falling employment). By the latter definition, the
recession is hardly over.
In most post-WW II U.S. bizcycles, employment bottomed the
I wrote:
Further, we need to distinguish the NBER's bourgeois definition of
recession (falling real GDP) from a proletarian one (rising
unemployment, falling employment). By the latter definition, the
recession is hardly over.
Doug:
In most post-WW II U.S. bizcycles, employment bottomed the
When country is in deflation, like Japan, is there any upper limit on how
many US Treasuries they can acquire? Can they simply print money to buy
buy them? Because causing inflation isn't a worry -- in fact, it's a
desideratum?
Michael
Max quotes
Coase, in The Nature of the Firm. (1937, Economica):
Those who object to economic planning on the grounds
that the problem is solved by price movements can be
answered by pointing out that there is planning within
our economic system which is quite different from the
individual
Devine, James wrote:
But since the 1970s, there's been a widening gap between these two,
as the political economy of US growth has become less and less
focused on autocentric (national) accumulation and more
international and as the welfare state has shrunk or been
decentralized to the states.
[was: RE: [PEN-L] it's over!]
I wrote:
But since the 1970s, there's been a widening gap between these two,
as the political economy of US growth has become less and less
focused on autocentric (national) accumulation and more
international and as the welfare state has shrunk or been
I thought that a recession was a reduction in real GDP growth and a
depression or slump negative real growth.
As far as I know, real GDP growth without employment growth is not new, this
happened as well in some years in the 1980s or 1990s.
Personally, I consider the discussion petty useless
GOP Attorneys General Asked For Corporate Contributions
By R. Jeffrey Smith and Tania Branigan
Washington Post Staff Writers
Thursday, July 17, 2003; Page A01
Republican state attorneys general in at least six states telephoned
corporations or trade groups subject to lawsuits or regulations by
[ The Independent ]
Dire States
Americans are used to resentment of their global dominance. Since the war
on Iraq, however, this hostility has begun to hit them where it hurts: in
corporate balance sheets. David Usborne reports on the backlash being felt
in the boardrooms everywhere from
Does anybody have any data on the trend in real net new investment in the US
economy in recent years ? I am referring here to net additions to fixed
assets, adjusted for inflation, in total and for the major economic sectors
(manufacturing, agriculture, services etc.), this is sometimes referred
I thought that a recession was a reduction in real GDP growth and a
depression or slump negative real growth.
I think the IMF uses a reduction in real GDP growth to defined a world recession, but
in the US, it's a reduction of real GDP _level_ for two quarters that is used (to
summarize the
Jurriaan Bendien wrote:
I thought that a recession was a reduction in real GDP growth and a
depression or slump negative real growth.
At least in the U.S. _depression_ is very nearly a proper noun, The
Depression of the 1930s.
Carrol
Title: White House admits denial and
deception
The screen shot
below is from the White House archives and is of Bush's Jan 2003
State of the Union Adress.
http://www.whitehouse.gov/news/releases/2003/01/print/20030128-19.html
--
--
You can
Is that like a mid-life crisis ? :)
J.
- Original Message -
From: Carrol Cox [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, July 17, 2003 11:45 PM
Subject: Re: [PEN-L] It's over !
Jurriaan Bendien wrote:
I thought that a recession was a reduction in real GDP growth and a
http://www.bea.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N#S5
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Jurriaan
Bendien
Sent: Thursday, July 17, 2003 5:24 PM
To: [EMAIL PROTECTED]
Subject: Question on real net new investment in the US
Does anybody have
some historians also talk about a depression of the late 19th century. Wallace
Peterson, an economist wrote of a silent depression of the last 30 years or so (in a
book of the same name) ... Some have developed theories of long waves which are
punctuated by depressions...
Thanks a lot Max, that is helpful ! I am just not so familiar with US
sources. To be honest, I am impressed by the quality of presentation of NIPA
data sets you refer me to. When I was a Phd student in New Zealand in the
1980s, I had to go on my bicycle to the Stats Dept to get a print-out of the
Would whoever posted the link to the Secret History of the Magna Carta please repost
it.
Thank You,
Benjamin
Max,
One other thing: I do not ask this question to play silly buggers -
according to the Bendien theory, a much more sensitive indicator of actual
real growth, and real growth prospects, is the current level of real net
additions to fixed assets in strategic sectors of the economy. The snag
is,
I don't remember who posted it originally, but here it is.
http://bostonreview.net/BR28.3/linebaugh.nclk
Carrol
thanks!
Revolt spreads as more bills go out
New Zealand Herald, 18.07.2003
By BERNARD ORSMAN and ANNE BESTON
The ratepayer revolt against Auckland Regional Council rates is building,
and the first bills will arrive in letterboxes south of the Harbour Bridge
next week.
Thousands of homes in the western
We're an evil empire, but we've got great statistics.
mbs
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Jurriaan
Bendien
Sent: Thursday, July 17, 2003 6:30 PM
To: [EMAIL PROTECTED]
Subject: Question on real net new invesment in the US
Thanks a lot Max, that
If Intel contracts out to a chip factory in Thailand,
is that a strategic asset for them or for the U.S.?
mbs
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Jurriaan
Bendien
Sent: Thursday, July 17, 2003 6:51 PM
To: [EMAIL PROTECTED]
Subject: Question on real
The 2003-2004 To-Do List on the US Left:
* GI Organizing, Military Families Organizing, Black Organizing
(Blacks are over-represented in the US military, especially the Army
rank file, and most Blacks are opposed to the invasion occupation
of Iraq), Southern Organizing (most soldiers come from
Rereading The Nature of the Firm . . .
Coase is unradical in the sense of recognizing hierarchy
but not power. There is an efficiency rationale for
the size or scope of a firm -- economizing on a bundle
of transactions -- but this does not answer the question,
who gets to be 'coordinator'?
- Original Message -
From: Max B. Sawicky [EMAIL PROTECTED]
If Intel contracts out to a chip factory in Thailand,
is that a strategic asset for them or for the U.S.?
mbs
===
Yes.
[F]rom the point of view of technology - through which the average skill
level of a
- Original Message -
From: Max B. Sawicky [EMAIL PROTECTED]
Rereading The Nature of the Firm . . .
=
As someone quoted in Frederic Lee's book on post-Keynesian price theory
put it:
The product of the itching imaginations of uninformed and inexperienced
arm-chair
I think you know the answer to that one, it depends on who owns the chip
factory. However, now consider the value of total net new investment in the
USA, and the total value of fixed assets in the sphere of production in the
USA, and compare this to the total value of direct foreign investment in
The firm needs a coordinator, but Coase fails to
explain why (s)he isn't hired by the workers.
mbs
Same problem with Hayek's argument for markets. This
leads you on the path of market socialism, my own
view. I used to drive libertarians crazy with this
one. Probably still could if the
believe thomas ferguson and joel rogers coined phrase 'hidden election'
to describe early
fundraising...
for what it's worth, dems indicate inefficiency of multiple candidates
seeking nomination even by standards of money-driven process,
collectively, they've raised about $58m... michael hoover
Max B. Sawicky wrote:
If Intel contracts out to a chip factory in Thailand,
is that a strategic asset for them or for the U.S.?
We can say nations don't count like they used to because of MNCs, but
the fact that Intel is HQ'd in the U.S. is one reason why U.S.
incomes are so much higher than Thai
They are private companies, but the enormous scope of their influence comes
largely as a result of their government-conferred power.
1. Who said it?
2. What was the circumstances?
3. Which private companies was s/he referring to?
NO GOOGLING!
Tom Walker
604 255 4812
sounds like Ian.
On Thu, Jul 17, 2003 at 08:51:54PM -0700, Tom Walker wrote:
They are private companies, but the enormous scope of their influence comes
largely as a result of their government-conferred power.
1. Who said it?
2. What was the circumstances?
3. Which private companies was
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