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Doug Henwood


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Doug Henwood on Klein's "Shock Doctrine" - Awe, shocks!

A more critical look at Naomi Klein's book is posted on Norms Notes.

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doug henwood on the crisis

Doug is an old colleague, someone I always look to when the subject turns to money. He's got a piece in The Nation: This is the point where it's irresistibly tempting to call for a re-regulation of finance. And that...

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Dodged a bullet

The Dow was down 800 today at one point, then rallied to close down about 125. This could be the beginnings of a bottom. That would most definitely be a good thing. The G7 meets this weekend in DC to come up with a coordinated worldwide plan to end the financial crisis and unfreeze the dangerously locked-up credit markets. This is another good thing. I just listened to Doug Henwood’s...

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McCain hasn't "had a chance" to read bailout

Hat-tip to Doug Henwood of the Left Business Observer for this gem: SENATOR MCCAIN SAID TUESDAY THAT HE HADN'T READ THE BAILOUT PROPOSAL, according to Cleveland NBC station WKYC: 'In an exclusive interview he told Tom Beres, 'I have not had a chance to see it in writing. I have to examine it.' But note: The bailout proposal is only three pages long ! Naomi Klein pointed out on Democracy...

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History Of Bailouts: What Kinds Work...And Why Ours Won't

... week features a summary of the of 42 recent bailouts. John excerpts the work of Philippa Dunne and Doug Henwood of , who analyze the study in detail. Here are the key points:Taxpayers are already on the hook for all those crap loans regardless of what we do. The only question is whether we pay for them via a bailout or a second Great Depression. The average bank bailout costs 13%...

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History Of Bailouts

... and Fabian Valencia study of 42 recent bailouts. John excerpts the work of Philippa Dunne and Doug Henwood of The Liscio Report, who analyze the study in detail. Here are the key points: Taxpayers are already on the hook for all those crap loans regardless of what we do. The only question is whether we pay for them via a bailout or a second Great Depression. The average bank bailout...

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People have to stop Paulson’s Plunder

There does not seem to be any way we are going to avoid shelling out a major amount of money to save banks from the unregulated greed of bankers. Dean Baker and Doug Henwood and every person with any economic expertise whom I find credible predicts disaster if we don’t. But, as Baker pointed out on [...]

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PROPOSALS FOR WHAT SHOULD BE DONE TO FIX THE PROBLEM; Iraq Parallels

... out a major amount of money to save banks from the unregulated greed of bankers. Dean Baker and Doug Henwood and every person with any economic expertise whom I find credible predicts disaster if we don’t. But, as Baker pointed out on Democracy Now! this morning, the bailout can punish those responsible rather than rewarding them. It can also be done without creating new dictatorial...

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Job Losses Continue in Fragile U.S. Economy

... US Treasury may purchase up to $200 billion of stock in the two firms to keep them solvent. GUEST: Doug Henwood, author of the book, “After the New Economy,” and editor of “Left Business Observer,” host of a Pacifica weekly program called Behind the News