By using our site, you acknowledge that you have read and understand this policy. The ghosts of new democrats are haunting us consortiumnews. The announcement of the merger between aol and timewarner. Douglas holmes, naoki kasuga, webb keane, donald mackenzie, bill. As described in the last section, due to the nature of the capitalist market, large firms soon come to dominate. Doug henwoods radio archives left business observer. No insurance coverage many flood victims are checking the fine print on their insurance policies and hoping for the best.
Doug henwood on robert kuttners the squandering of. Wall street was first published in hardcover by verso in 1997, and in paperback in. We recently updated our privacy policy to clarify how and why we collect personal data. Published on the web by doug henwood in 2005 under a creative. Internet blag of the year wall street crooked timber. Many products that you buy can be obtained using instruction manuals. Some postkeynesians and individual mmters have suggested periodical debt cancellation, inspired by the antique practice of debt jubilee when a new ruler came to the. Doug henwood edits left business observer and is the host of behind the news. Hidden from public view, the markets are poorly regulated, badly managed, chronically myopic and often corrupt. Its author doug henwood is a notorious scourge of the stock exchange in the pages of his acerbic. Wall streets bubbles financed europes internal bubbles especially in the periphery as well as the importation of europes, and of course, asias, net exports to the united states.
Jason wood is a senior security consultant with secure ideas. At least tentatively, it might be most correctly termed a sustained demonstration. Despite my skepticism about the longterm prospects for the ula, i think it is a good thing that socialists are getting together to fight against the disastrous cuts being forced on irish working people. The ula will either merge the train sets or derail. The first generation of women on wall street has negotiated shifting gender.
The notion of capital as commodity oxford academic. Ive heard him tell the story about how he became valves economist. Much of what i have read from doug henwood, richard seymour, and groups like the iso falls into the category of beside the point. Wait until wall street executives see my new book wall street with the blistering burroughs textthey may come to get me.
These roles have required him to troubleshoot application issues, making different operating systems. Justin fox has a piece on doug henwoods wonderful book, wall street. Is elizabeth warrens medicareforall phasein plan a shrewd, realistic tactical move to win a public health system or a bait and switch to play to m4as popularity without actually fighting for it. Mailing address counterpunch po box 228 petrolia, ca 95558 telephone 1707 6293683. Varoufakis is a regular guest on the popular leftwing podcast, doug henwoods behind the news.
For example, volcker is credited with curing inflation through higher interest rates, but that slowed the. Aside from the change in, everything else is exactly as in the paperback edition. This is a continuation of an earlier post on some of the internal divisions within ows i circulated the following email concerning some of the internal divisions that have taken place primarily between the facilitators who for all intents and purposes run the general assembly and members of the demands working group, one of the largest and most serious working groups out there. These user guides are clearlybuilt to give stepbystep information about how you ought to go ahead. I imagine that gabe newell first heard of yanis through this podcast, but i cant confirm that. I wrote a book that was in large part about all that ideological froth, published in 2003, and so far ive been struck by the nonrevival of that discourse despite a new tech. With compelling clarity, henwood dissects the worlds greatest financial center, laying open the intricacies of how, and for whom, the market works.
Valve economist yanis varoufakis appointed finance. As the title indicates, this book is an introduction to wall street how it works and for whom. I think another aspect that should be considered is the preservation of surplus money through government debt. Wall street doesnt believe elizabeth warren is serious about medicare for all. He has over a decade of systems administration and security experience with the windows and unixlinux operating systems. He is also coowner and coeditor with phillipa dunne of the liscio report, a newsletter focusing on macroeconomic analysis. Financial power, too, grows out of the barrel of a gun. Tight relationships with wall street cant say im in favour. Russia and revolution at kgb bar during the cold war, it was the headquarters of little ukraines semisecret socialist club. It may be recirculated freely for noncommercial use only. The wall street which emerges is not a pretty sight. Similarly, doug henwood, the author of wall street. Doug henwood was born on december 7, 1952 in teaneck, new jersey, usa. And though, as henwood reveals, their activity contributes with compelling clarity, henwood dissects the worlds greatest financial center, laying open the intricacies of how, and.
Doug henwoods radio archives through december 2016 lbo editor doug henwood does a radio show on wbai, new york, covering economics and politics. It costs wall street and washington very little to provide dollars, while the foreign sector, also known as rest of world, has to deliver equivalents worth 100% of each dollar. Since verso chose not to reprint it when it went out of stock, the rights reverted to the author in march 2005. For lack of a more accurate definition, we may still fall back on the terms that are now.
Whom doug henwood pdf wall street how it works and for whom doug henwood are a good way to achieve details about operating certainproducts. The new economy premises and pitfalls douglas henwood. He publishes a newsletter, left business observer, that analyzes economics and politics from a leftwing perspective. And though, as henwood reveals, their activity contributes almost nothing to the real economy where goods are made and jobs created, they nevertheless wield enormous power. Wall street was first published in hardcover by verso in 1997, and in. Its now available for free download on the web, under a creative commons attributionnoncommercialnoderivs license. He is the author of the state of the usa atlas and editor of the newsletter left business observer. How it works and for whom, find that the q ratio fails to accurately predict investment. And with an eye to the presidency, hillary has also kept up her line of neocon patter, while. Doug henwood is editor of left business observer, host of a weekly radio show originating on kpfa, berkeley, and is author of several books, including wall street. Here are some archived shows, as well as some individual interviews. Doug henwood is an american journalist, economic analyst, author, and financial trader who writes frequently about economic affairs. This chapter covers the range of instruments traded on wall street, such as stocks, bonds, derivatives, currencies etc.
How it works and for whom by doug henwood 19980617 paperback january 1, 1673 4. Doug henwood hosts a radio show on kpfa berkeley, california and is the editor of left business observer. Download it quick before he gets his marbles back is my advice. Published on the web by doug henwood in 2005 under a creative commons license. How it works and for whom, while acknowledging the ever greater influence of finance after the early 1980s henwood, 1998, p. With the biggest economic crisis since the great depression continuing to slowly unfold, one of the most surprising consequences has been a nonevent. A battle for democracy within the democratic party is underway and the heirs of bill clintons new democrats are trying to stack the deck, says norman solomon. Liza featherstone is a columnist for amny and has recently written on education for the brooklyn rail, al jazeera, and book forum we want one class of persons to have a liberal education, and we want another class of persons, a very much larger class, of necessity, in every society, to. Lbo news from doug henwood instapunditry on political. Wall street its all about bucks, the rest is just conversation gordan gecko ethical dilemma business ethics involves applying general ethical principles and standards to business activities, behavior, and decisions. Doug henwood born december 7, 1952 is an american journalist, economic analyst, author, and financial trader who writes frequently about economic affairs. Doug henwood is a journalist who has contributed frequently to the nation and broadcasts a weekly radio show covering economics and politics on new yorks wbai.
Wall street women chose federal hall as the site of the organizations. Paul mason has a breathless piece in the guardian making grand new economy claims that sound like recycled propaganda from the late 1990s though he gives them a left spin. In an equally extraordinary act of generosity, doug has decided to release it to the internet, gratis, under a creative commons licence. Join facebook to connect with doug henwood and others you may know. Data note the monthly unemployment figures for 19291938 were assembled by the national industrial conference board, predecessor of todays conference board, a think tank and data shop. Left business observerincisive economic analysis from doug henwood, author of the excellent wall street. Much of my work is dangerous in one way or another. Once a few large companies dominate a particular market, they form an oligopoly from which a large number of competitors have effectively been. He has spent most of his career in internetbased companies in security, application and infrastructure roles. Doug henwood is a contributor for the in these times with four videos in the cspan video library.
To these questions wall street answers an emphatic yes. Doug henwood edits the left business observer, a newsletter he founded in 1986, he also hosts behind the news, a weekly radio show covering economics and politics on kpfa, berkeley, that is rebroadcast on several other stations across the. Once a few large companies dominate a particular market, they form an oligopoly from which a large number of competitors have effectively been excluded, thus reducing competitive pressures. Europeans, like the bourbons who remembered everything and learned nothing, assumed that americas recycling role would survive ad infinitum.
Throughout wall street, gordan gecko and buddy fox were. The wall street journal dupont and dow chemical near merger. Wall street was first published in hardcover by verso in 1997, and in paperback in 1998. Japanese version of wall streetstyle investment banking inside the.
Its now available for free download on the web, under a creative commons. American prospect liberal policy analysis and commentary. Due to extraordinary shortsightedness, verso books have allowed doug henwood s wall street to go out of print, the rights thus reverting to the author. The reality is that marxist groups have to listen and merge with the movement if they hope to lead it. Of course a serious analysis of the political economy of finance has to delve into all those sophisticated machinations, but the image of that gun should be kept firmly in mind. These days, its not hard to find people who question the role that financial markets play in our economy, who argue that shareholder value is a flawed metric of corporate success, who say that linking pay to. The modern employment statistics system originated in the late new deal, as a project of the works progress administration. Occupy wall street is at least in its present configuration part protest, part party, some parts solidarity, other parts hangout, and so on down the line. Nice links to online economic data and research tools.
1177 46 1387 1667 596 1435 341 935 1094 669 169 681 1009 100 1333 179 1513 1305 721 774 794 100 729 653 174 1083 280 1329 1429 427 758 810 1476 236 954