LBO 125 out
Left Business Observer #125 is out! Already emailed to electronic subscribers, and on press for the dead tree contingent. Contents: a risky return to the familiar college: best way to make a buck, especially if you’ve already got a few contemplating exits; Obama’s stingy budget unemployment & GDP: U.S. more savage than usual Tastes here. But why settle for a tease when you can get the real thing for just a few bucks? Support the kind of economic and political analysis you can’t get anywhere else: LBO subscription info.
Laura Agustín in New York, March 10
Come hear the excellent Laura Agustín in New York. And if you haven’t already, check out my interview with her here. Trafficking, migration and the sex industry: Framing the questions, providing the proofs Lecture by Laura Agustín, author of Sex at the Margins: Migration, Labour Markets and the Rescue Industry Rockefeller University Weiss Building Room 305 York avenue at 66th Street New York NY 10065 Enter the campus at 66th Street. This lecture is part of the Pugwash series of conferences examining the relationship between science and society, to ensure that research benefits… Read More
Obama luvs business
More nuggets from Obama’s interview with the freshly renamed Bloomberg BusinessWeek, now under new management. The irony is, is that on the left we are perceived as being in the pockets of big business; and then on the business side, we are perceived as being anti-business…. You would be hard-pressed to identify a piece of legislation that we have proposed out there that, net, is not good for businesses…. We are pro-growth. We are fierce advocates for a thriving, dynamic free market. Some scene-setting from the piece: As Obama defended himself against charges he… Read More
Obama luvs bankers
From Bloomberg, via Politico’s Morning Money: OBAMA DOESN’T ‘BEGRUDGE’ BONUSES FOR ‘SAVVY’ WALL STREET EXECS, Bloomberg’s Julianna Goldman and Ian Katz report: ‘President Barack Obama said he doesn’t ‘begrudge’ the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay. The president, speaking in an interview, said in response to a question that while $17 million is ‘an extraordinary amount of money’ for Main Street, ‘there are… Read More
The morality of banking
From The Philosophy of Joint-Stock Banking by the Scottish financier G.M. Bell, quoted by Marx in Capital vol. 3: Banking establishments are moral and religious institutions. How often has the fear of being seen by the watchful and reproving eye of his banker deterred the young tradesman from joining the company of riotous and extravagant friends?… Has he not trembled to be supposed guilty of deceit or the slightest misstatement, lest it should give rise to suspicion, and his accommodation be in consequence restricted or discontinued [by his banker]?… And has not… Read More
Move your money?
Freshly posted to the LBO website: behind Huffington’s loopy “Move your money” campaign: …and it’s still money. A reminder: paying subscribers got this a week or two ago. Subscribe today and be the first on your block: LBO subscription info
LBO News from Doug Henwood 