Re: Globalization: Less poverty, more equality

2002-07-08 Thread Louis Proyect
Sunday July 7, 7:36 pm Eastern Time Reuters Business Report Globalization Has Helped Poor, Study Says By Jeremy Gaunt LONDON (Reuters) - Far from creating poverty as critics claim, rapid globalization of the world economy has sliced the proportion of abject poor across the planet, according to

On Change dead-ness of Anti-Imperialism

2002-07-08 Thread Hari Kumar
original NOTE: Anti-imperialism is almost dead is in large parts of Asia (Palestinian struggle excluded) and there is no sign that it will be revived in the foreseeable future. Thus, the contradiction between Asia and the developed world is not present either. BTW, the binary image of the world

Review of Stiglitz's book

2002-07-08 Thread Louis Proyect
The New Yorker, 07/15/2002 MASTER OF DISASTER by JOHN CASSIDY A leading economist says the protesters have a point about the I.M.F. In 1998, Joseph Stiglitz, a Columbia professor who shared last year's Nobel Prize in Economics, visited a village in rural Morocco where aid workers had been

Re: Re: Re: Inflation and CPI

2002-07-08 Thread Doug Henwood
joanna bujes wrote: Private school tuition ranges from $8,000/year to $20,000/year...and it goes up every year. My alma mater is up to $34,030! That's nearly 2,300 hours of work at the average wage, twice as much as in 1973, when I was there. But do we know how much people really pay? Most

Re: Imperialism in decline?

2002-07-08 Thread Doug Henwood
Ulhas Joglekar wrote: Anti-imperialism is almost dead is in large parts of Asia (Palestinian struggle excluded) and there is no sign that it will be revived in the forseable future. Thus, the contradiction between Asia and the developed world is not present either. BTW, the binary image of the

[Fwd: Venezuela and Argentina: A Tale of Two Coups]

2002-07-08 Thread Bill Rosenberg
Venezuela and Argentina: A Tale of Two Coups by Greg Palast New Internationalist Magazine - July 2002 The big business-led coup in Venezuela failed, where international finance's coup in Argentina has succeeded. Greg Palast gives us the inside track on two very different power-grabs.

Re: core vs. periphery

2002-07-08 Thread Ulhas Joglekar
Devine, James: Ulhas writes:There is no undiffrentiated mass of nations called the Third World. Of course. What's constant amongst these countries, though, is the relationship between the center and the periphery, the relationship of domination and subordination. In addition, some countries are

Re: Re: core vs. periphery

2002-07-08 Thread Louis Proyect
Ulhas: 1. How does one know this without having studied in depth each social formation in the periphery so-called? Good point. That is why read over 2000 pages on Argentina in order to prepare a series of posts. In general, there is far too much blather on the internet about such questions, even

Re: Re: core vs. periphery

2002-07-08 Thread Romain Kroes
Everyone knows that the US balance of payment deficit an engine of growth on the Asia-Pacific region and China is biggest beneficiary there. What domination/subordination model is involved here? Ulhas - US trade balance deficit means that the USA pays only 75% of its importations. The

Re: Re: RE: Re: dialectical approach

2002-07-08 Thread Waistline2
An explanation of Antagonism as contradiction Introduction (Please skip the Introduction if you have an aversion to ideology and go to Presentation) The concept of antagonism in contradictions remains perhaps the most difficult of Marx and Engels conception of social development and process

Re: Re: RE: Re: dialectical approach

2002-07-08 Thread Waistline2
In a message dated 7/7/02 7:41:36 PM Pacific Daylight Time, [EMAIL PROTECTED] writes: Carrol P.S. I think Mao is given a bad rap by those who wrench his works out of their context in the Chinese Revolution. In his use of the terms "antagonistic" and "non-antagonistic" contradictions Mao (at

Hello to Pen-L

2002-07-08 Thread Natasha Potter
I am new to this list. I wanted to introduce myself. I look forward to learning much on the subject of progressive economics. I have a certain amount of experience so I may eventually make a little contribution after finding my feet. To start, let's assume that I am a market socialist with a

the tanking telecosm

2002-07-08 Thread Ian Murray
[pardon the Gilder-ism] Telecom Sector May Find Past Is Its Future Giant Phone Companies Offer Stable, Well-Funded Option By Peter S. Goodman Washington Post Staff Writer Monday, July 8, 2002; Page A01 About 500,000 people have lost their jobs. Dozens of companies have gone bankrupt. As much

Re: Imperialism in decline?

2002-07-08 Thread Ulhas Joglekar
Doug Henwood wrote: I'm sympathetic to what you're saying, but I'd like to hear more. Why is anti-imperialism dead? Don't Indian farmers, for example, resent and resist the demands of the WTO? Or are internal class conflicts more relevant now, given the industrialization and

Re: Hello to Pen-L

2002-07-08 Thread Justin Schwartz
To start, let's assume that I am a market socialist with a model including both state-managed and owned manufacturing and construction sectors and non-profit distributing service sectors. Sé. Hi, Natasha. Is that lets' assume the economists' let's assume, that is, not really, but in an

Re: Re: Imperialism in decline?

2002-07-08 Thread Louis Proyect
9. Foreign policy issues are not important domestic politics. Why should they be important? We are free and independent nation. Marxists, particularly of anti-imperialist variety, don't appreciate that calling independent nations 'semi-colonies' and 'peripheries' is the worst possible insult.

A bogus $14 billion

2002-07-08 Thread Louis Proyect
Merck Shares Fall on Worries About Accounting at Medco Unit By REUTERS Filed at 9:40 a.m. ET NEW YORK (Reuters) - Merck Co. Inc. (MRK.N) shares fell nearly 4 percent on Monday after news it recorded revenue of over $14 billion from its pharmacy-benefits subsidiary Medco that the unit never

RE: Re: core vs. periphery

2002-07-08 Thread Devine, James
Title: RE: [PEN-L:27729] Re: core vs. periphery Ulhas writes:There is no undiffrentiated mass of nations called the Third World. I wrote: Of course. What's constant amongst these countries, though, is the relationship between the center and the periphery, the relationship of domination

RE: Re: Re: Imperialism in decline?

2002-07-08 Thread Devine, James
Title: RE: [PEN-L:27739] Re: Re: Imperialism in decline? Ulhas:9. Foreign policy issues are not important domestic politics. Why should they be important? We are free and independent nation. Marxists, particularly of anti-imperialist variety, don't appreciate that calling independent nations

RE: RE: Re: Re: Imperialism in decline?

2002-07-08 Thread Devine, James
Title: RE: [PEN-L:27741] RE: Re: Re: Imperialism in decline? Ulhas:9. Foreign policy issues are not important domestic politics. Why should they be important? We are free and independent nation. Marxists, particularly of anti-imperialist variety, don't appreciate that calling independent

Re: RE: Re: core vs. periphery

2002-07-08 Thread Carrol Cox
Devine, James wrote: I should mention that I am far from being a hard-core Wallersteinian (especially since I don't read his stuff very often). In some ways, the core/periphery distinction is useful, while in some ways it's not: the model doesn't seem to allow for the fact that

RE: stages of imperialism.

2002-07-08 Thread Devine, James
Title: RE: stages of imperialism. [was: To JD vis-a-vis stages of imperialism.] Scott writes: It seems to me that very different types of stages are being mixed up in this discussion so far. Capitalism/imperialism can be divided into stages or periods in any number of ways. ONE very

Re: Re: Imperialism in decline?

2002-07-08 Thread Doug Henwood
Ulhas Joglekar wrote: 1. Domestic prices of grain are higher than prices in the world market. But Indian government fixes prices every year. These prices are annually hiked. Such increases are disproportionate to the domestic rate of inflation. The government is committed to procure any

Back to the future of Australian industrial relations

2002-07-08 Thread Rob Schaap
http://www.theage.com.au/articles/2002/07/06/1025667073364.html Abbott: a boon to the dark satanic mills By Terry Lane July 7 2002 http://www.theage.com.au/articles/2002/07/06/1025667073364.html Is it possible that Mr Tony Abbott MHR is a time traveller? Could he really

Re: Re: Re: Imperialism in decline?

2002-07-08 Thread Louis Proyect
How does this comport with Vandana Shiva's dire tales of Indian farmers miserably exploited by international agribusiness and the gene modifiers? Doug Ulhas was writing about rich farmers, not the poor majority. Why he did is anybody's guess. It is like asking somebody about the situation of

Re: Re: Re: Imperialism in decline?

2002-07-08 Thread Ulhas Joglekar
Doug Henwood : How does this comport with Vandana Shiva's dire tales of Indian farmers miserably exploited by international agribusiness and the gene modifiers? The question Doug asked was about the WTO and its impact on Indian farmers. So I answered accordingly. Poor farmers hardly have any

Re: Re: Re: Re: Imperialism in decline?

2002-07-08 Thread Louis Proyect
Ulhas: The question Doug asked was about the WTO and its impact on Indian farmers. So I answered accordingly. Poor farmers hardly have any surpluses to be affected by the WTO. Doug's question was not about the state of poor and marginal farmers. Subject: Massive mobilisation in India against the

Re: Re: Re: Re: Re: Imperialism in decline?

2002-07-08 Thread Louis Proyect
New Delhi, Jan 11, 2000 While more than 200 activists were staging a demonstration outside, three protestors sneaked into a heavily guarded venue session of the Confederation of Indian Industry (CII) Partnership Meet 2000, here today. WTO Director General Mike Moore had just finished speaking

more more stock options

2002-07-08 Thread Devine, James
Title: more more stock options BUSINESSWEEK/JULY 15, 2002 An Overdose of Options Depressed stock prices are prompting companies to issue more options than ever Stock options were supposed to be the great motivator, letting top management reap a share of the gains they produced for

Re: more more stock options

2002-07-08 Thread joanna bujes
Problem is, options don't work in a bear market. At Sun, they've given out options a couple of times since the stock price slide (120s to 5) -- but the problem is that since the stock is heading down relentlessly, a few weeks after you get say 1000 options at 18, the stock goes underwater to

RE: Re: more more stock options

2002-07-08 Thread Devine, James
Title: RE: [PEN-L:27753] Re: more more stock options joanna writes:Problem is, options don't work in a bear market. right, but BW says that that's making companies issue more of them -- and, more importantly, encourages the market to be even more bearish. Jim Devine [EMAIL PROTECTED]

RE: RE: Re: more more stock options

2002-07-08 Thread Eric Nilsson
Title: RE: [PEN-L:27753] Re: more & more stock options REjoanna writes:Problem is, options don't work in a bear market. But when the stock market does start to go up--and a huge overhang of stock options are finally cashed in--what might happen to the stock market? Eric .

My (unpublished) op-ed on stock options

2002-07-08 Thread Steve Diamond
(Feel free to distribute) Expense those options! By Stephen F. Diamond* As the dust clears from the collapse of Enron, WorldCom and Arthur Andersen, major structural change in the behavior of American corporations and financial markets seems less likely. The lobbying power of accounting

Re: RE: RE: Re: more more stock options

2002-07-08 Thread joanna bujes
At 12:48 PM 07/08/2002 -0700, you wrote: RE joanna writes:Problem is, options don't work in a bear market. But when the stock market does start to go up--and a huge overhang of stock options are finally cashed in--what might happen to the stock market? Eric . Exactly, Joanna

India

2002-07-08 Thread Ian Murray
http://www.flonnet.com/fl1914/19140730.htm Market failure: A convincing case VENKATESH ATHREYA The Market that Failed: A Decade of Neoliberal Economic Reforms in India by C.P. Chandrasekhar and Jayati Ghosh; Leftword Books, New Delhi, 2002; pages 192, Rs. 275. THE period of nearly 11 years

option overhang

2002-07-08 Thread sdiamond
The market will likely not recover fast enough to put most outstanding options "in the money" tho companies will attempt to reprice options downward and issue new options at lower strike prices. As Joanna says in a bear market all bets are off- the interesting question is whether employees

Comparison of Canadian Health Expenditures with rest world

2002-07-08 Thread Hari Kumar
CMAJ 1999 Jun 15;160(12):1730-4; Canadian health expenditures: where do we really stand internationally? Deber R, Swan B. Department of Health Administration, University of Toronto, Ont. [EMAIL PROTECTED] There are different ways to measure how much Canada spends on

Re: option overhang

2002-07-08 Thread joanna bujes
At 02:38 PM 07/08/2002 -0700, Steve Diamond wrote: The market will likely not recover fast enough to put most outstanding options in the money tho companies will attempt to reprice options downward and issue new options at lower strike prices. As Joanna says in a bear market all bets are off

the MST

2002-07-08 Thread Ian Murray
Working the land to feed the people Brazil's landless workers' movement has radical solutions to the country's problems, writes Jan Rocha Thursday July 4, 2002 Guardian Weekly Hunger is spreading in a world of plenty: in Brazil, one of the world's big food producers, a third of the population

Kazakhstan targets China, India oil export

2002-07-08 Thread Ulhas Joglekar
The Economic Times Thursday, July 04, 2002 Kazakhstan targets China, India oil export REUTERS OVERLAND PARK: Fresh from confirmation last week that Kazakhstan's Caspian Sea shelf holds the largest oil find in 30 years, Kazakh officials said on Monday they were exploring new pipeline routes

Basle II

2002-07-08 Thread pms
Basle accord set to change banking landscape By James Mackintosh and Charles Pretzlik in London Published: July 8 2002 20:14 | Last Updated: July 8 2002 20:14 The small Swiss town of Basle will this week play host to what could go down in financial history as a momentous event: agreement in