gmane.science.economics.progressive-economists

According to the World Bank, of the nearly 100 banking crises that have occurred internationally during the last 20 years, all were resolved by bailouts at taxpayer expense.[9]

c b — 2012-05-25T17:12:33

Taxpayers, depositors, and other creditors often have to shoulder at
least part of the burden of risky financial decisions made by lending
institutions.[5][6][7][8] According to the World Bank, of the nearly
100 banking crises that have occurred internationally during the last
20 years, all were resolved by bailouts at taxpayer expense.[9]


        http://en.wikipedia.org/wiki/Moral_hazard#History_of_the_term
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Thoughts for Memorial Day: Heroism vs. Moneymaking

michael perelman — 2012-05-25T16:28:44

We remember how the neoconservatives will solve warfare as a way to
out American softness and recover the noble heroism associated with
past military victories.  Here is a snippet from the post-Civil War
period, which adds an interesting twist: the editorial in question
makes a distinction between the ethic of warfare and the sordid
moneymaking at the time.  Today, the presumptive ethical basis of both
the military and the moneymaking crowd deserve our highest admiration,
even though the moneymakers are engaged in warfare against the same
people that the military is supposed to be protecting.


94-5: "The fervor with which Americans practiced the rituals of
Memorial Day began to fade in the late 1870s and early 1880s.
Graceful popular ceremonies," declared The New York Tribune in May
1878, no longer fit in a society characterized by "the pioneers of the
prairie and the speculators in railway stock." Bitterness had waned,
and as "individual sorrow for the fallen fades away," said the
Tribune, Decoration Day "

Re: Preannouncement of Paperback Edition of my Book

2012-05-25T04:07:39

Congratualtions to a great writer!

Brian

-----Original Message-----
From: michael perelman <michael.perelman3-Re5JQEeQqe8AvxtiuMwx3w< at >public.gmane.org>
To: Progressive Economics <pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP< at >public.gmane.org>
Sent: Fri, May 25, 2012 12:01 am
Subject: [Pen-l] Preannouncement of Paperback Edition of my Book

After letting my book languish for almost five years Palgrave let The
onfiscation of American Prosperity, they are about to release a
aperback edition.  In addition, they are featuring me as author of
he month and reprinting my new introduction, which I explain why the
ook was constructed as a crime story.
My picture and the introduction are at the bottom.
http://view.mail.macmillan.com/?j=fe5816787c6d057f7316&m=feee1c737d6c02&ls=fdd015717762057b7511777465&l=fe5c1575746d01757512&s=fe3010727564037b731171&jb=ffcf14&ju=fe1f1773716d027b721777&r=0

- 
ichael Perelman
conomics Department
alifornia State University
hico, CA
5929
530 898 5321
ax 530 898 5901
ttp://michaelperelman.wo

Preannouncement of Paperback Edition of my Book

michael perelman — 2012-05-25T04:01:30

After letting my book languish for almost five years Palgrave let The
Confiscation of American Prosperity, they are about to release a
paperback edition.  In addition, they are featuring me as author of
the month and reprinting my new introduction, which I explain why the
book was constructed as a crime story.

My picture and the introduction are at the bottom.

http://view.mail.macmillan.com/?j=fe5816787c6d057f7316&m=feee1c737d6c02&ls=fdd015717762057b7511777465&l=fe5c1575746d01757512&s=fe3010727564037b731171&jb=ffcf14&ju=fe1f1773716d027b721777&r=0

Giroux's Passionate Speech for Youth

2012-05-25T00:42:37

http://www.youtube.com/watch?v=WxJgr40bBHk_______________________________________________
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Blood money

Jim Devine — 2012-05-24T15:59:23

I don't understand the brouhaha about selling Reagan's blood. By the
free-market principles he professed, his blood should be fair game.
Everything should be for sale, even if it's sold to Transylvania.

Jim Devine
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Pink Floyd's Roget Watets hearts Occupy

raghu — 2012-05-24T15:05:36

Very cool.
http://hellaoccupyoakland.org/occupy-the-wall-how-pink-floyds-album-became-political-theater-in-2012/
------------------------------snip
“If at first you don’t succeed, call an airstrike.”

– projected text from Roger Waters: The Wall at AT&T Park, 5/11/12

Roger Waters, the stadium-rock showman and concept-album auteur who
quit the band Pink Floyd nearly thirty years ago, has brought his
epic, expensive production of that band’s 1979 album, The Wall, back
for another round of performances. This time, however, the show has
taken on a decidedly more political bent.

For a generation of rock fans like myself, The Wall was a landmark
album whose importance could not be overstated.  Throughout the ’80s,
while our hipper and less sheltered peers were digging into hip hop
and metal, we suburban white guys tended to obsess over the more
establishment-friendly arena rock of Pink Floyd and The Wall. We
watched the movie starring Bob Geldof, we pored over its lyrics for
symbolism and referentia,

Nearly 1 in 3 homeowners with a mortgage in L.A. County owes more than the property is worth, new data show

c b — 2012-05-24T14:57:10

http://www.latimes.com/business/realestate/la-fi-negative-equity-20120524,0,985482.story
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Re: South Africa to label settlement goods

Patrick Bond — 2012-05-24T08:31:33

*'Closing the doors of learning' (to the Israeli state) opens the doors 
of freedom*

By Patrick Bond and Muhammed Desai

One of South Africa's largest tertiary institutions, the University of 
KwaZulu-Natal (UKZN) in Durban, is a site of multiple controversy but a 
near-disaster on Monday deserves more reflection because it points us in 
a positive direction: away from allying with the Israeli state and its 
apartheid policies during a time of heightened racism.A representative 
of Israel had been invited to speak but was then disinvited, after the 
university was called on by staff and students to respect the "academic 
boycott" of Israel.

 From South Africa, the African continent and everywhere else, it is a 
critical time to step up pressure against the rogue regime in Tel Aviv. 
Israel's hard-right leader, Benyamin Netanyahu, is in a dangerous career 
phase, preparing to bomb Iran; illegitimately holding thousands of 
Palestinian prisoners in worsening conditions; expanding settlements on 
Palestinian

Yousef Munayyer in NY Times: Not All Israeli Citizens AreEqual

Joseph Catron — 2012-05-24T00:56:46

"Tragically for Palestinians, Zionism requires the state to empower and
maintain a Jewish majority even at the expense of its non-Jewish citizens,
and the occupation of the West Bank is only one part of it. What exists
today between the Jordan River and the Mediterranean Sea is therefore
essentially one state, under Israeli control, where Palestinians have
varying degrees of limited rights: 1.5 million are second-class citizens,
and four million more are not citizens at all. If this is not apartheid,
then whatever it is, it’s certainly not democracy. "

http://nyti.ms/JWhp5P

Re: South Africa to label settlement goods

David Shemano — 2012-05-23T21:51:17

The article said the labeling requirement is based on the "fraud" that something produced in the West Bank is produced in Israel, not because the good was produced in an illegal settlement.  

David Shemano

-----Original Message-----
From: pen-l-bounces-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP< at >public.gmane.org [mailto:pen-l-bounces-FPEHb7Xf0XWSGuFOoTDV7g< at >public.gmane.org.edu] On Behalf Of michael perelman
Sent: Wednesday, May 23, 2012 1:01 PM
To: Progressive Economics
Subject: Re: [Pen-l] South Africa to label settlement goods

David, you are a lawyer.  Obviously, you have a response to this, but the settlements are illegal according to international law.  The illegality of the occupation is somewhat less.

On Wed, May 23, 2012 at 9:44 AM, David Shemano <DShemano-VUuivrTqRrj4abn9venZsw< at >public.gmane.org> wrote:

--
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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Sensible and popular Keynesians - the sophistry of RaghuramRajan

robert mckee — 2012-05-23T20:40:42

http://thenextrecession.wordpress.com/2012/05/23/sensible-and-popular-keynesians-the-sophistry-of-raghuram-rajan/

Rajan seeks to suggest in discussing what needs to be done to get the 
world economy going, it is necessary to make a distinction between 
“sensible” and “popular” Keynesians.  According to Rajan, sensible Keynesians must instead advocate more 
austerity and cuts in government until the private sector recovers of 
its own accord.  That’s neither sensible nor Keynesian._______________________________________________
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Re: South Africa to label settlement goods

Jim Devine — 2012-05-23T20:10:44

And aren't all the illegal settlements Jewish?

James Devine
 On May 23, 2012 1:01 PM, "michael perelman" <michael.perelman3-Re5JQEeQqe8AvxtiuMwx3w< at >public.gmane.org>
wrote:

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Re: South Africa to label settlement goods

michael perelman — 2012-05-23T20:00:51

David, you are a lawyer.  Obviously, you have a response to this, but
the settlements are illegal according to international law.  The
illegality of the occupation is somewhat less.

On Wed, May 23, 2012 at 9:44 AM, David Shemano <DShemano-VUuivrTqRrj4abn9venZsw< at >public.gmane.org> wrote:

Re: Taking over Greece's fiscal policy

Sabri Oncu — 2012-05-23T19:56:22

Sure. Trichet was talking about invading Greece militarily. What else?

Best,
Sabri
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Re: South Africa to label settlement goods

David Shemano — 2012-05-23T16:44:59

Why is the boycott limited to Jewish settlements?  Why would it not apply to a non-Jewish owned  business in the West Bank that slapped a "Made in Israel" stamp on a product?

David Shemano

-----Original Message-----
From: pen-l-bounces-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP< at >public.gmane.org [mailto:pen-l-bounces-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP< at >public.gmane.org] On Behalf Of Robert Naiman
Sent: Tuesday, May 22, 2012 3:52 PM
To: Progressive Economics
Subject: [Pen-l] South Africa to label settlement goods

Other countries could do this (clears throat.)

Israeli anger over S Africa bid to label West Bank settlement goods Vita Bekker, The National (UAE), May 21, 2012 http://www.thenational.ae/news/world/middle-east/israeli-anger-over-s-africa-bid-to-label-west-bank-settlement-goods

Tel Aviv - The Israeli government lambasted an unprecedented move by South Africa to label all products made in Jewish settlements in the occupied West Bank before selling them.

The South African decision, should it be implemented, wou

Weisbrot/Guardian: New ILO Leadership Could Push For BetterEconomic Policies

Robert Naiman — 2012-05-23T16:31:50

http://www.guardian.co.uk/commentisfree/cifamerica/2012/may/22/new-role-ilo-world-economy

A new role for the ILO in the world economy
Poised to elect a new director general, the International Labor
Organization needs to challenge the pro-austerity consensus

Mark Weisbrot
guardian.co.uk, Tuesday 22 May 2012 16.58 EDT

The Troika – the European Central Bank (ECB), the European Commission,
and the IMF – is dragging Europe into its second recession in three
years. The ECB by itself has the ability to end this crisis, by
guaranteeing low interest rates on the sovereign bonds of countries
such as Spain and Italy. Member governments would then be able to
restore normal economic growth and employment.

But the ECB refuses to do this – partly because the Troika is using
the crisis as an opportunity to force changes, especially in the
weaker eurozone economies, changes that the people residing there
would never vote for. These reforms include shrinking government,
privatization, "labor flexibility", and reduce

Re: South Africa to label settlement goods

Joseph Catron — 2012-05-23T01:01:02

Robert, whenever this topic arises, you always seem to respond to a lot of
things that nobody has said.

On Wed, May 23, 2012 at 3:03 AM, Robert Naiman <naiman-GKljc6h9Mzb8dW4R1uvzK65RK/E6TXo3< at >public.gmane.orgg

If one is serious about the "S" of BDS - sanctions, that is, penalties


Who advocated that?




Who said that?




And now the real silliness begins. When has Hamas ever adopted any such a
position?




Except that last one.



Even if opinion polls in the '67 territories were worth anything (and
they're crap), so what? Support for UN membership for one state does not
entail recognition of another. Such nuances may be lost on Western
commentators, but I assure you, people here are well aware of them.

Re: risk underwriting

John Vertegaal — 2012-05-23T00:39:50

Sorry for the late posting. I'm slow but not quite that slow. Have been 
out of touch since mid-weekend when my rural community hotspot went out 
of service. Only just got it back...

On 19/05/2012 1:39 PM, Shane Mage wrote:

 > On May 19, 2012, John Vertegaal wrote:
 >>
 >> Both you and I know that Conrad
 > The name is Conard, which has an..interesting...significance in
 > French
 >
Chuckled, after looking it up.

 >> is spouting unadulterated BS. We also both know that to logically
 >> make a point we have to reason from axiomatic principles...
 >
 > Wrong.
 >
You are right, inductive reasoning is valid too. But, to my 
understanding, it compromises attainable knowledge by making the field 
of investigation infinitely large. Since in terms of deductive axiomatic 
reasoning, everything within a particular field of investigation is 
deduced from its axioms, a boundary becomes drawn and those axioms 
themselves have to originate from exogeneity. When on the other hand one 
reasons from an explicit premise, a

Re: South Africa to label settlement goods

Robert Naiman — 2012-05-23T00:03:33

If one is serious about the "S" of BDS - sanctions, that is, penalties
enacted by governments - one has to recognize that there is no
prospect of any government in the world which has an economic
relationship with Israel being ready to enact a penalty on Israel
based on one-statism. South Africa and Europe recognize Israel - a
member of the United Nations - within its 1967 borders. So there is no
increased legitimacy for Israel based on such actions - South Africa
and Europe already recognize Israel as "legitimate" within its 1967
borders, and there is little prospect of changing that in the future
as far as anyone can see - even if we agreed that trying to change
that would be is a good idea if it were plausible (which, personally,
I am not at all convinced of.)

I don't agree at all with the claim that the settlement boycott is
meaningless, and as evidence for the contrary view I would advance the
fact that the Israeli government is quite hysterical about it, going
so far as to effectively ban Israelis fro

Re: South Africa to label settlement goods

Joseph Catron — 2012-05-22T23:19:17

We've been having quite a good debate about this, in part because our

That's right! You're at U. KwaZulu-Natal. A lot of us in Gaza are very
happy with the recent developments there. I can't wait to read your
insider's account.

My concern with settlement boycotts, of which I'm not a complete fan, is
that they can inadvertently legitimize the ol' colonial regime as a whole
(which is why we see liberal Zionists, from Gush Shalom to Peter Beinart,
supporting them).

Settlement goods are a bit of a red herring anyway. Most West Bank
settlements function mainly as bedroom communities for '48, rather than
industrial zones.