RE: Re: Re: Good analysis of WCOM and Credit Bubble

2002-07-03 Thread Davies, Daniel
At 11:19 PM 07/02/2002 +1000, you wrote: Sidgmore used his golden hour at the podium to complain about how much MCI WorldCom spends on marketing its network services. According to Sidgmore, an astonishing 49% of the telecom giant's service costs to customers can be traced to marketing. In

Re: Good analysis of WCOM and Credit Bubble

2002-07-02 Thread Rob Schaap
G'day Penpals, Just to lend a little flavour to the WorldCom saga, here's a little note from Xmas 2000 - poignant and, with respect to the likely state of other telcos', possibly significant : G'day Doug, In light of your note that ... Naomi Klein says that high marketing costs essential to

Re: Re: Good analysis of WCOM and Credit Bubble

2002-07-02 Thread joanna bujes
At 11:19 PM 07/02/2002 +1000, you wrote: Sidgmore used his golden hour at the podium to complain about how much MCI WorldCom spends on marketing its network services. According to Sidgmore, an astonishing 49% of the telecom giant's service costs to customers can be traced to marketing. In

RE: Good analysis of WCOM and Credit Bubble

2002-06-29 Thread Devine, James
Title: RE: [PEN-L:27386] Good analysis of WCOM and Credit Bubble this is a tad unfair to old Newt, that old toad. The Newtish ideology is at the center of what caused all of the finacial shenanigans, but the ideology is pretty old: it's _laissez-faire_ (a.k.a., neo-liberalism), a vision that

Re: Good analysis of WCOM and Credit Bubble

2002-06-29 Thread Michael Perelman
The article that Steve sent reminds me about how much I would like to see us to changing nature of risk. I already mentioned in an earlier note the importance of how workers are absorbing more of the risk of economic fluctuations. Corporations, including financial corporations, are getting more