Yes, although they usually do it by means of a cashback deal whereby you
get money up front when you drive the motor away.
-Original Message-
From: Eugene Coyle [mailto:[EMAIL PROTECTED]]
Sent: 17 August 2002 16:36
To: Pen-L Pen-l
Subject: [PEN-L:29530] Sliding into the dip
Can the
Title: RE: [PEN-L:29577] Re: war/election bet
i don't know if I said this, but the bet was with the other Michael, who doesn't want to bite (or drink).
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-
From: Michael Pollak [mailto:[EMAIL
Title: RE: [PEN-L:29582] Re: Rumours of war on Iraq
michael Pollack writes:In the best case scenario from the
Administration's point of view -- Iraq's army collapses immediately,
Saddam dies, and (somewhat improbably) we succeed in finding and
installing our impossible dream of a strong
Title: RE: [PEN-L:29590] Re: RE: Re: production realization
Ulhas:
Thanks for replying. One more question, if you don't mind.
How the US can
have a capital-account surplus despite low interest rates?
during the late 1990s, the reason was that the US stock market was so attractive,
From BBC News
Anthrax killer 'is US defence insider'
Prof Don Foster analyses the anthrax letters
An FBI forensic linguistics expert believes the US anthrax attacks were
carried out by a senior scientist from within America's biological-defence
community.
Professor Don Foster - who helped
Title: Dean Baker on the SM's redistributional effects.
In the current issue of the ECONOMICS REPORTING REVIEW, Dean Baker says:
It is also important to note that the stock market is redistributive, transferring wealth from those who hold little or no stock (approximately 75 percent of the
I don't know if anyone has noticed. But Since July 29, Bob Herbert, in
his NY Times op-ed Columns has been giving some of the examples of the
oppressiveness of our criminal inustice system I've seen. His recent
stuff belongs on the front page as investigative reporting.
Unfortunately, NY
---BeginMessage---
Dear Subscribers,
Thanks for subscribing to Public Citizen's Critical Mass Energy and Environment
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campaign to stop the national and international trend toward water privatization.
The
It seems like this would follow straight-fowardly:
1. redistributing wealth tends to concentrate
2. trades of stock concentrate wealth because beneficiaries of trades
(recipients of capital gains) tend to have higher wealth on average
3. more trading = more concentration
4. variability,
Max B. Sawicky wrote:
2. trades of stock concentrate wealth because beneficiaries of trades
(recipients of capital gains) tend to have higher wealth on average
3. more trading = more concentration
Not necessarily. More trading generally means worse performance. The
only wealth trading
From NY times International.
American Arsenal in the Mideast Is Being Built Up to Confront Saddam Hussein
By ERIC SCHMITT and THOM SHANKER
ASHINGTON, Aug. 18 - In the first tangible signs of a logistical buildup
around Iraq, the Pentagon is sending weapons and other supplies to the
Middle
Jim wrote:
Ulhas:
Thanks for replying. One more question, if you don't mind.
How the US can have a capital-account surplus despite low
interest rates?
during the late 1990s, the reason was that the US stock
market was so attractive, while the US seen as a safe haven.
The so-called new
Title: RE: [PEN-L:29451] Noam Chomsky and his critics
I finally finished this one and have a comment:
Louis Proyect writes:Chomsky leaned at early date toward the Israel kibbutz as some kind of socialist experiment, long after the colonization intentions of the settlers had become obvious.
Devine, James wrote:
One of the first articles I read by Chomsky was in the San
Francisco-based journal SOCIALIST REVOLUTION (now called Socialist
Review, if it still exists)
It's morph'd into Radical Society
http://www.tandf.co.uk/journals/titles/14760851.html, whose
premiere issue is out,
I happen to be writing something on this very question, so while
I can't speak for Dean, I do think his claim is essentially
(though not necessarily) correct. To the extent that
stock gains are realized, these realizations tend to generate
an upward redistribution of income because:
(1)
I don't understand what is meant by describing China as postcapitalist. If
anything it seems to be post-communist objectively or post-socialist. It
is capitalist enough to join the WTO and to have special economic zones that
give special incentives for foreign investment capital including a
At 04:48 PM 08/19/2002 -0700, you wrote:
was not particularly impressed by Stiglitz. He stands out only
compared to the complete dolts at the IMF who are not only stupid but
obviously arrogant and blind to reality, completely brain-washed by
text-book economics and immune and unable to
Doug wrote:
Max B. Sawicky wrote:
2. trades of stock concentrate wealth because
beneficiaries of trades (recipients of capital
gains) tend to have higher wealth on average
3. more trading = more concentration
Not necessarily. More trading generally means worse
performance.
Title: RE: [PEN-L:29613] Re: Stiglitz interview
Ken writes:
I don't understand what is meant by describing China as
postcapitalist...
The mode of production of the People's Republic was post-capitalist in the sense that it came after the Nationalist period, which exhibited a mixture of
Title: RE: [PEN-L:29614] Re: Re: Stiglitz interview
Ken:
was not particularly impressed by Stiglitz. He stands out only
compared to the complete dolts at the IMF who are not only stupid but
obviously arrogant and blind to reality, completely brain-washed by
text-book economics and
Ken wrote:
He seems no less a market-worshipper than
the others and certainly anti-Marxist ( ie.
his remarks about the Marxist regime in Ethiopia
--even though it certainly was no paradigm of
Marxism.)
Although I don't know about his remarks about the Marxist regime
in Ethiopia, I agree
I was thinking of both freq and volume.
But basically I was talking through my hat.
max
Doug wrote:
Max B. Sawicky wrote:
2. trades of stock concentrate wealth because
beneficiaries of trades (recipients of capital
gains) tend to have higher wealth on average
3. more trading =
Although I don't know about his remarks about the Marxist regime
in Ethiopia, I agree with the above, although I would have put it
differently. Moreover, I don't think he is such a bad person,
whatever that means. My appreciation of his speaking out against
the IMF comes from the credibility
Stiglitz is important for another reason. He seems to be close to
creating a consensus here.
On Mon, Aug 19, 2002 at 06:58:39PM -0400, Louis Proyect wrote:
Although I don't know about his remarks about the Marxist regime
in Ethiopia, I agree with the above, although I would have put it
- Original Message -
From: Ellen Frank [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED]; [EMAIL PROTECTED]
Sent: Monday, August 19, 2002 2:49 PM
Subject: [PEN-L:29612] RE: Dean Baker on the SM's redistributional
effects.
I happen to be writing something on this very
Title: RE: [PEN-L:29621] Re: Re: Re: Stiglitz interview
Stiglitz is important for another reason. He seems to be close to
creating a consensus here.
nah, he's ugly and his mother dresses him funny.
;-)
JD
Title: RE: [PEN-L:29613] Re: Stiglitz interview
ORIGINAL MESSAGES:
1) Ken writes: I don't understand what is meant by describing China
as postcapitalist...
2) JD Replies: The mode of production of the People's Republic was
post-capitalist in the sense that it came after the Nationalist
period,
Tokyo teaches painful lesson
Japan's answer to recession could prove to be the envy of Europe and
US
Jonathan Watts in Tokyo
Tuesday August 20, 2002
The Guardian
'If this is a recession, I'd like to have one in my constituency.
These words, uttered by an incredulous British minister during a
Hari Kumar:
(1) IT si true that the COMPRADOR capital was expropriated:
What is comprador capital in contemporary capitalism? We know productive
capital, industrial capital etc. from their place in the accumulation
process. What do compradors do in the accumulation process today? Is the
term
Well you are no doubt right about that but as Stiglitz claimed most of
these people actually believe they are doing the right thing in terms of
development yet they are blind and arrogant even within their own narrow
framework. Two examples:
1) The IMF favors countries with balanced budgets
Ken, allow for the power of ideology. And in general it's strategically
important not to explain the enemy in terms of intelligence. I always
told my freshman comp students, if the idea you are attacking seems
incredibly stupid and easy to demolish, consider seriously that you
don't understand
Brazilian, Bank Officials Plan to Talk Next Week
Nation's Leaders Want Debt Rolled Over
By John M. Berry
Washington Post Staff Writer
Tuesday, August 20, 2002; Page E01
Brazilian officials plan to meet in New York City next week, rather
than today as some participants had expected, with
Report: US Firms Curtail Iraq Oil Imports
Reuters
Tuesday, August 20, 2002; 1:23 AM
WASHINGTON (Reuters) - U.S. oil firms have drastically cut imports
of Iraq oil over the past five months contributing to a steep
decline in Baghdad's exports, The Washington Post reported on
Tuesday.
The
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