current events

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxxx>]

any thoughts from pen-l on the following?

(1) the L.A. Times business section today had an article suggesting
that the Fed upped interest rates in order to pop a  developing
speculative bubble in financial markets.

(2) The L.A. Weekly had an article (by economist Richard Rothstein)
arguing that  Clinton wants to raise  world labor standards  (in
line with ILO desires), i.e., upward harmonization.  The case in
point is labor standards  in Indonesia.  Rothstein wants us to
support Clinton's efforts.

in pen-l solidarity,

Jim Devine   BITNET: jndf@lmuacad    INTERNET: jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (off); 310/202-6546 (hm); FAX: 310/338-1950