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RADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least). BOND PRICES & INTEREST RATES Conversely, if market interest rates were to fall to 6%, the price of the bond would rise to $1,333.33 - or 133 11/32 in market jargon. U.S. stock and bond markets don't use decimal pricing. Stock prices are usually quoted in eighths of a point, though sixteenths and even thirty-seconds are used for some low-priced shares; bond prices areANTIGLOBALIZATION
Antiglobalization. Since the heavily advertised death of socialism, if there's an idea that unites much leftish economic thought today, it's that globalization is the root of many evils. GINI INDEX - LEFT BUSINESS OBSERVER The gap between the actual lines and the mythical line is a function of the degree of inequality; the 1992 line is further away from the heavy line than 1968's is. The Gini index measures the gap between the actual line and the 45° line. In the egalitarian society, the Gini would be 0.000, since the Lorenz curve would match the 45° line TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theCRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. In a February 15 Ohio speech to "members of the law enforcement community," the Effuser-in-Chief said the work of his audience "is probably more important to Americanstoday than it
JERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan . SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks. LEFT BUSINESS OBSERVEROLD EUROPE HITS A WALLLBO SAMPLE ARTICLESABOUT LBOBOOK INFOIN AND OUT OF SCHOOL LBO is a newsletter on economics and politics. Sample articles, historical stats, and innumerable other delightsRADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least). BOND PRICES & INTEREST RATES Conversely, if market interest rates were to fall to 6%, the price of the bond would rise to $1,333.33 - or 133 11/32 in market jargon. U.S. stock and bond markets don't use decimal pricing. Stock prices are usually quoted in eighths of a point, though sixteenths and even thirty-seconds are used for some low-priced shares; bond prices areANTIGLOBALIZATION
Antiglobalization. Since the heavily advertised death of socialism, if there's an idea that unites much leftish economic thought today, it's that globalization is the root of many evils. GINI INDEX - LEFT BUSINESS OBSERVER The gap between the actual lines and the mythical line is a function of the degree of inequality; the 1992 line is further away from the heavy line than 1968's is. The Gini index measures the gap between the actual line and the 45° line. In the egalitarian society, the Gini would be 0.000, since the Lorenz curve would match the 45° line TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theCRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. In a February 15 Ohio speech to "members of the law enforcement community," the Effuser-in-Chief said the work of his audience "is probably more important to Americanstoday than it
JERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan . SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks. BOND PRICES & INTEREST RATES Conversely, if market interest rates were to fall to 6%, the price of the bond would rise to $1,333.33 - or 133 11/32 in market jargon. U.S. stock and bond markets don't use decimal pricing. Stock prices are usually quoted in eighths of a point, though sixteenths and even thirty-seconds are used for some low-priced shares; bond prices are BOOK INFO - LEFT BUSINESS OBSERVER Published by the New Press, October 2003. Forthcoming in paper, June 2005. One of Newsday's best books of 2003.. Fast, funny and consistently merciless toward theLBO BACK ISSUES
back issues (since 1990) Here's a list of LBO back issues for the last twenty years.Articles available on this web site are highlighted as links. Info on ordering back issues is shown at the end of this page.POVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four. SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks. HOW MUCH DOES COLLEGE COST, AND WHY? Such rates of inflation leave family incomes in the dust. According to the College Board, posted annual costs—and in this and all subsequent cases that means tuition, fees, room, and board—for attending the typical private four-year institution were 26% of average (median) family incomes in 1979; they’re now 58%.For public four-year institutions, the bite went from 12% to 25% of average ANTISOCIAL INSECURITY The annual report of the Trustees of the Social Security System, the source of the projections quoted below, is here.. Antisocial insecurity. The worst thing about the Lewinsky affair is that it's interfered with the proper hatred of Bill Clinton. He's been indicted by the House for all the wrong crimes -- not for bringing about the end of welfare, or promoting mass incarceration, or killing ANTIRACISM: VAGUE POLITICS ABOUT AN NEARLY INDESCRIBABLE THING And how does a simple narrative of “racism” account for the fact that so many black institutions, including churches and some racial advocacy organizations, and many, many black individuals actively promoted those risky mortgages as making the “American Dream of home ownership” possible for “us”?WHY TV SUCKS
Why TV sucks Pierre Bourdieu, On Television (New Press, 112 pp., $18.95). In leftish circles, it's an article of faith that the reason the corporate media are so awful is the increasing concentration of ownership.Now there are ways in which this may be true; book agents report that they're no BLACKSTONE GOES PUBLIC AS PRIVATE EQUITY PEAKS Private wads. Back in the 1980s, it was leveraged buyouts (LBOs, for which this publication was named, sorta). In the 1990s, it was thedot.com’s.
LEFT BUSINESS OBSERVEROLD EUROPE HITS A WALLLBO SAMPLE ARTICLESABOUT LBOBOOK INFOIN AND OUT OF SCHOOL LBO is a newsletter on economics and politics. Sample articles, historical stats, and innumerable other delightsRADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least).LBO SAMPLE ARTICLES
These articles are taken from various issues of LBO, from 1992 through2008.
POVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four. GINI INDEX - LEFT BUSINESS OBSERVER Gini says: measuring income inequality an LBO report, October 18, 1993. There are several ways to express the degree of income inequality in a society. TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theJERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan .CRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks. LEFT BUSINESS OBSERVEROLD EUROPE HITS A WALLLBO SAMPLE ARTICLESABOUT LBOBOOK INFOIN AND OUT OF SCHOOL LBO is a newsletter on economics and politics. Sample articles, historical stats, and innumerable other delightsRADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least).LBO SAMPLE ARTICLES
These articles are taken from various issues of LBO, from 1992 through2008.
POVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four. GINI INDEX - LEFT BUSINESS OBSERVER Gini says: measuring income inequality an LBO report, October 18, 1993. There are several ways to express the degree of income inequality in a society. TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theJERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan .CRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks. BOOK INFO - LEFT BUSINESS OBSERVER Published by the New Press, October 2003. Forthcoming in paper, June 2005. One of Newsday's best books of 2003.. Fast, funny and consistently merciless toward theLBO BACK ISSUES
back issues (since 1990) Here's a list of LBO back issues for the last twenty years.Articles available on this web site are highlighted as links. Info on ordering back issues is shown at the end of this page. BOND PRICES & INTEREST RATES Bond prices and interest rates an LBO supplement, September 1996. When interest rates rise, the prices of outstanding bonds fall; when ratesfall, prices rise.
HOW MUCH DOES COLLEGE COST, AND WHY? Such rates of inflation leave family incomes in the dust. According to the College Board, posted annual costs—and in this and all subsequent cases that means tuition, fees, room, and board—for attending the typical private four-year institution were 26% of average (median) family incomes in 1979; they’re now 58%.For public four-year institutions, the bite went from 12% to 25% of averageSEARCH LBO SITE
Search site < Web LBO : © Copyright 2004, Left Business Observer. Allrights reserved.
ANTIGLOBALIZATION
Antiglobalization. Since the heavily advertised death of socialism, if there's an idea that unites much leftish economic thought today, it's that globalization is the root of many evils. DOWNLOAD WALL STREET Wall Street was first published in hardcover by Verso in 1997, and in paperback in 1998. Since Verso chose not to reprint it when it went out of stock, the rights reverted to the author in March 2005. It's now available for free download on the web, under a Creative Commons Attribution-NonCommercial-NoDerivs license.It may be recirculated freely for noncommercial use only. ANTISOCIAL INSECURITY The annual report of the Trustees of the Social Security System, the source of the projections quoted below, is here.. Antisocial insecurity. The worst thing about the Lewinsky affair is that it's interfered with the proper hatred of Bill Clinton. He's been indicted by the House for all the wrong crimes -- not for bringing about the end of welfare, or promoting mass incarceration, or killing THE PERILS OF THIRD PARTY POLITICS The perils of independent politics. The mess we're in. After the Newtmaniac Republican sweep of 1994, LBO quoted Murray Kempton's observation that it probably meant the demise of the Democrats, since they had nothing to their name but incumbency. Clinton's re-election two years later, and his subsequent high approval ratings, made Kempton's prognosis look excessively gloomy. ANTIRACISM: VAGUE POLITICS ABOUT AN NEARLY INDESCRIBABLE THING And how does a simple narrative of “racism” account for the fact that so many black institutions, including churches and some racial advocacy organizations, and many, many black individuals actively promoted those risky mortgages as making the “American Dream of home ownership” possible for “us”? LEFT BUSINESS OBSERVEROLD EUROPE HITS A WALLLBO SAMPLE ARTICLESABOUT LBOBOOK INFOIN AND OUT OF SCHOOL LBO is a newsletter on economics and politics. Sample articles, historical stats, and innumerable other delightsRADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least).LBO SAMPLE ARTICLES
These articles are taken from various issues of LBO, from 1992 through2008.
GINI INDEX - LEFT BUSINESS OBSERVER The gap between the actual lines and the mythical line is a function of the degree of inequality; the 1992 line is further away from the heavy line than 1968's is. The Gini index measures the gap between the actual line and the 45° line. In the egalitarian society, the Gini would be 0.000, since the Lorenz curve would match the 45° linePOVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four. TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theCRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. In a February 15 Ohio speech to "members of the law enforcement community," the Effuser-in-Chief said the work of his audience "is probably more important to Americanstoday than it
JERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan . SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks. LEFT BUSINESS OBSERVEROLD EUROPE HITS A WALLLBO SAMPLE ARTICLESABOUT LBOBOOK INFOIN AND OUT OF SCHOOL LBO is a newsletter on economics and politics. Sample articles, historical stats, and innumerable other delightsRADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least).LBO SAMPLE ARTICLES
These articles are taken from various issues of LBO, from 1992 through2008.
GINI INDEX - LEFT BUSINESS OBSERVER The gap between the actual lines and the mythical line is a function of the degree of inequality; the 1992 line is further away from the heavy line than 1968's is. The Gini index measures the gap between the actual line and the 45° line. In the egalitarian society, the Gini would be 0.000, since the Lorenz curve would match the 45° linePOVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four. TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theCRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. In a February 15 Ohio speech to "members of the law enforcement community," the Effuser-in-Chief said the work of his audience "is probably more important to Americanstoday than it
JERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan . SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks.LBO BACK ISSUES
back issues (since 1990) Here's a list of LBO back issues for the last twenty years.Articles available on this web site are highlighted as links. Info on ordering back issues is shown at the end of this page. BOND PRICES & INTEREST RATES Conversely, if market interest rates were to fall to 6%, the price of the bond would rise to $1,333.33 - or 133 11/32 in market jargon. U.S. stock and bond markets don't use decimal pricing. Stock prices are usually quoted in eighths of a point, though sixteenths and even thirty-seconds are used for some low-priced shares; bond prices are BOOK INFO - LEFT BUSINESS OBSERVER Published by the New Press, October 2003. Forthcoming in paper, June 2005. One of Newsday's best books of 2003.. Fast, funny and consistently merciless toward thePOVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four.SEARCH LBO SITE
Search site < Web LBO : © Copyright 2004, Left Business Observer. Allrights reserved.
ANTIGLOBALIZATION
Antiglobalization. Since the heavily advertised death of socialism, if there's an idea that unites much leftish economic thought today, it's that globalization is the root of many evils. HOW MUCH DOES COLLEGE COST, AND WHY? Such rates of inflation leave family incomes in the dust. According to the College Board, posted annual costs—and in this and all subsequent cases that means tuition, fees, room, and board—for attending the typical private four-year institution were 26% of average (median) family incomes in 1979; they’re now 58%.For public four-year institutions, the bite went from 12% to 25% of average ANTISOCIAL INSECURITY The annual report of the Trustees of the Social Security System, the source of the projections quoted below, is here.. Antisocial insecurity. The worst thing about the Lewinsky affair is that it's interfered with the proper hatred of Bill Clinton. He's been indicted by the House for all the wrong crimes -- not for bringing about the end of welfare, or promoting mass incarceration, or killing ANTIRACISM: VAGUE POLITICS ABOUT AN NEARLY INDESCRIBABLE THING And how does a simple narrative of “racism” account for the fact that so many black institutions, including churches and some racial advocacy organizations, and many, many black individuals actively promoted those risky mortgages as making the “American Dream of home ownership” possible for “us”? THE PERILS OF THIRD PARTY POLITICS The perils of independent politics. The mess we're in. After the Newtmaniac Republican sweep of 1994, LBO quoted Murray Kempton's observation that it probably meant the demise of the Democrats, since they had nothing to their name but incumbency. Clinton's re-election two years later, and his subsequent high approval ratings, made Kempton's prognosis look excessively gloomy. LEFT BUSINESS OBSERVEROLD EUROPE HITS A WALLLBO SAMPLE ARTICLESABOUT LBOBOOK INFOIN AND OUT OF SCHOOL LBO is a newsletter on economics and politics. Sample articles, historical stats, and innumerable other delightsRADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least).LBO SAMPLE ARTICLES
These articles are taken from various issues of LBO, from 1992 through2008.
GINI INDEX - LEFT BUSINESS OBSERVER The gap between the actual lines and the mythical line is a function of the degree of inequality; the 1992 line is further away from the heavy line than 1968's is. The Gini index measures the gap between the actual line and the 45° line. In the egalitarian society, the Gini would be 0.000, since the Lorenz curve would match the 45° linePOVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four. TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theCRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. In a February 15 Ohio speech to "members of the law enforcement community," the Effuser-in-Chief said the work of his audience "is probably more important to Americanstoday than it
JERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan . SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks. LEFT BUSINESS OBSERVEROLD EUROPE HITS A WALLLBO SAMPLE ARTICLESABOUT LBOBOOK INFOIN AND OUT OF SCHOOL LBO is a newsletter on economics and politics. Sample articles, historical stats, and innumerable other delightsRADIO ARCHIVES
Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon,Pacific time).
HENWOOD BIO
Doug Henwood. Doug Henwood, editor and publisher of Left Business Observer, got his B.A. in English from Yale in 1975. At Yale, Henwood was briefly a conservative and a member of the Party of the Right, which maneuvered his election as Secretary of the Political Union, but he quickly came to his senses (though he is, as they say around the POR, a member for life at least).LBO SAMPLE ARTICLES
These articles are taken from various issues of LBO, from 1992 through2008.
GINI INDEX - LEFT BUSINESS OBSERVER The gap between the actual lines and the mythical line is a function of the degree of inequality; the 1992 line is further away from the heavy line than 1968's is. The Gini index measures the gap between the actual line and the 45° line. In the egalitarian society, the Gini would be 0.000, since the Lorenz curve would match the 45° linePOVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four. TELLING THE TRUTH ABOUT CÉSAR CHÁVEZ Randy Shaw, Beyond the Fields: César Chávez, the UFW, and Struggle for Justice in the 21st Century (Berkeley: University of California Press, 2008), 347 pp., $24.95. The thesis of this book is simple. Randy Shaw argues that most of the social movements of the contemporary U.S.—labor, immigrant rights, antiwar, worker and consumer health and safety, anti-sweatshop—are fundamentally theCRIME WAVE!
Crime wave! Crime is hot again, reportedly having surpassed the economy in the public mind as problem number one, and the opportunist Clinton is all over the issue. In a February 15 Ohio speech to "members of the law enforcement community," the Effuser-in-Chief said the work of his audience "is probably more important to Americanstoday than it
JERRY BROWN
He's back! Jerry Brown, on a white horse. update to printed version (1995) According to an advisor to Brown, Arthur Laffer -- the fellow who drew a curve on a cocktail napkin (one that showed that lower tax rates led to higher collections) and thereby gave birth to supply-side economics -- was the real author of Brown's loopy tax plan . SOCIAL SECURITY: THE DEFINITIVE PIECE A Merrill Lynch study (results graphed above) of the federal employees' pension system, whose choice of a variety of mutual funds is considered a model for a privatized Social Security, found that workers' level of investment in stocks moves up and down with the market; in the years after the 1987 crash, federal workers had almost no money in stocks; at the 2000 peak, they had over 60% in stocks.LBO BACK ISSUES
back issues (since 1990) Here's a list of LBO back issues for the last twenty years.Articles available on this web site are highlighted as links. Info on ordering back issues is shown at the end of this page. BOND PRICES & INTEREST RATES Conversely, if market interest rates were to fall to 6%, the price of the bond would rise to $1,333.33 - or 133 11/32 in market jargon. U.S. stock and bond markets don't use decimal pricing. Stock prices are usually quoted in eighths of a point, though sixteenths and even thirty-seconds are used for some low-priced shares; bond prices are BOOK INFO - LEFT BUSINESS OBSERVER Published by the New Press, October 2003. Forthcoming in paper, June 2005. One of Newsday's best books of 2003.. Fast, funny and consistently merciless toward thePOVERTY IN THE U.S.
Who's poor? NAFTA under his belt, Clinton is likely to turn to welfare reform as the weather turns colder. At first glance, it's extraordinary that a relatively small portion of public spending is such a hot matter -- $24 billion a year spent on the principal welfare program, AFDC, is what the government pays in interest to its creditors every six weeks, or what the Pentagon spews in four.SEARCH LBO SITE
Search site < Web LBO : © Copyright 2004, Left Business Observer. Allrights reserved.
ANTIGLOBALIZATION
Antiglobalization. Since the heavily advertised death of socialism, if there's an idea that unites much leftish economic thought today, it's that globalization is the root of many evils. HOW MUCH DOES COLLEGE COST, AND WHY? Such rates of inflation leave family incomes in the dust. According to the College Board, posted annual costs—and in this and all subsequent cases that means tuition, fees, room, and board—for attending the typical private four-year institution were 26% of average (median) family incomes in 1979; they’re now 58%.For public four-year institutions, the bite went from 12% to 25% of average ANTISOCIAL INSECURITY The annual report of the Trustees of the Social Security System, the source of the projections quoted below, is here.. Antisocial insecurity. The worst thing about the Lewinsky affair is that it's interfered with the proper hatred of Bill Clinton. He's been indicted by the House for all the wrong crimes -- not for bringing about the end of welfare, or promoting mass incarceration, or killing ANTIRACISM: VAGUE POLITICS ABOUT AN NEARLY INDESCRIBABLE THING And how does a simple narrative of “racism” account for the fact that so many black institutions, including churches and some racial advocacy organizations, and many, many black individuals actively promoted those risky mortgages as making the “American Dream of home ownership” possible for “us”? THE PERILS OF THIRD PARTY POLITICS The perils of independent politics. The mess we're in. After the Newtmaniac Republican sweep of 1994, LBO quoted Murray Kempton's observation that it probably meant the demise of the Democrats, since they had nothing to their name but incumbency. Clinton's re-election two years later, and his subsequent high approval ratings, made Kempton's prognosis look excessively gloomy. _LAST UPDATED: DECEMBER 14, 2019_ LBO ceased publication in 2013. Sorry. There are still plenty of articles on the site however. -------------------------Details
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