One of the things that came out of the meeting I was at on Saturday with the 
UC economists (including Tyson and Yellen) was a "manifesto" that they 
published today (I'll have the final to distribute soon).  They're having a  
press conference in about 10 minutes at Berkeley.  In anticipation, they're 
quoted in a story in today's LA Times (that features Greenspan's comments) 
and they focus their quotes on the need to raise rates.  Most of these folks 
in the group, lamentably, earn their living by consulting for incumbents, but 
there message here should be helpful, and there are a few "right-minded" 
economists in the bunch.  (I managed to get Dr. Michaels in the group, who 
was a great voice of reason in the debate over what to say in the manifesto.) 
 It wasn't appropriate for me to play a visible role in the design of the 
manifesto, though I attempted to offer some behind the scenes suggestions.

Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/26/2001 12:41 PM -----

	"James L. Sweeney" <jim.sweeney@stanford.edu>
	01/26/2001 11:52 AM
		 
		 To: Pablo Spiller <spiller@haas.berkeley.edu>, John_Chandley@LECG.com, David 
Teece <teece@haas.berkeley.edu>
		 cc: tyson@haas.berkeley.edu, tom_campbell@law.stanford.edu, 
shmuel@euler.berkeley.edu, willrichm@aol.com, george_barker@LECG.com, 
cdanner@wilkandassociates.com, gilbert@econ.berkeley.edu, 
yellen@haas.berkeley.edu, scott_harvey@LECG.com, 
jscadding@wilkandassociates.com, mwilk@wilkandassociates.com, 
phillip_mcleod@LECG.com, berk@haas.berkeley.edu, john_chandley@LECG.com, 
jdasovic@enron.com, lfried@uclink.berkeley.edu, william_hogan@harvard.edu, 
rmichaels@fullerton.edu, borenste@haas.berkeley.edu, 
richard.rumelt@anderson.ucla.edu, rschmidt@LECG.com, 
pverleger@compuserve.com, pjoskow@mit.edu, joseph.mullinix@ucop.edu, 
mcfadden@econ.berkeley.edu, steven@stoft.com, peter.gosselin@latimes.com
		 Subject: Re: FINAL VERSION

It seems this is already getting press.  Click on the following to see the 
Los Angeles Times story.  Fortunately the LA Times did not focus on any of 
the issues we are debating here.

http://www.latimes.com/business/reports/power/

Jim Sweeney

At 04:19 AM 1/26/2001, Pablo Spiller wrote:
>colleagues:
>
>we are less than 2 hrs short of the press conference.  i just got to the
>computer and saw all these e-mails. i will suggest we take our local nobel
>prize winner's suggestion and go, for the time being, as is.  we simply do
>not have the time to incorporate changes without violating the need for
>consensus.  We will release the manifesto at 11am PST, at the press
>conference that is going to take place here at haas.  Those of you from the
>east coast, feel free to release it at any time.  Those in the west coast,
>i would suggest that we do not release it until 11am, but feel free to talk
>to whoever you want about it.
>
>The version of the manifesto that is going to be released is the version
>that we sent yesterday afternoon incorporating the excellent comments by
>paul.  also is the version that includes the list of endorsees as of the 
time.
>
>if you haven't received the copy, please let me know.
>
>thanks.
>
>pablo
>
>
>
>At 11:54 AM 1/26/01 -0500, John_Chandley@LECG.com wrote:
> >
> >1.  Is the document out?  Or are we still making changes?
> >
> >2.  Is the "embargo" over?
> >
> >3.  When can we get the final, final, final for further distribution?
> >
> >John
> >
> >
> >
> >
> >
> >
> >David Teece <teece@Haas.Berkeley.EDU> on 01/25/2001 05:54:00 PM
> >
> >To:   tyson@haas.berkeley.edu, tom_campbell@law.stanford.edu,
> >      shmuel@euler.berkeley.edu, willrichm@aol.com, george_barker@lecg.com,
> >      cdanner@wilkandassociates.com, gilbert@econ.berkeley.edu,
> >      yellen@haas.berkeley.edu, scott_harvey@lecg.com,
> >      jscadding@wilkandassociates.com, spiller@haas.berkeley.edu,
> >      mwilk@wilkandassociates.com, phillip_mcleod@lecg.com,
> >      berk@haas.berkeley.edu, john_chandley@lecg.com, jdasovic@enron.com,
> >      lfried@uclink.berkeley.edu, william_hogan@harvard.edu,
> >      rmichaels@fullerton.edu, borenste@haas.berkeley.edu,
> >      richard.rumelt@anderson.ucla.edu, rschmidt@lecg.com,
> >      pverleger@compuserve.com, pjoskow@mit.edu, jim.sweeney@stanford.edu,
> >      joseph.mullinix@ucop.edu, mcfadden@econ.berkeley.edu,
> >      steven@stoft.com, jim.sweeney@stanford.edu
> >cc:   peter.gosselin@latimes.com
> >
> >Subject:  FINAL VERSION
> >
> >
> >Dear Colleagues,
> >
> >Here is the FINAL version of the manifesto.  This version includes some
> >additions and deletions to bring on Paul Joskow and Janet Yellen, and
> >hopefully Severin Borenstein as well.  Also attached is a list of
> >endorsements Pablo and I have secured.  If you are not on the list and wish
> >to be added, please let us know.
> >
> >Critically, let us know if you wish to be removed.  We are picking up new
> >endorse by the hour and will release by 9:00 am (PST) tomorrow.
> >
> >
> >David Teece and Pablo Spiller
> >
> >
> >(See attached file: Manifesto DJT 1-25-01.doc)
> >(See attached file: endorsee list 12501.doc)
> >======================================
> >David J. Teece, Director
> >Institute of Management, Innovation and Organization
> >F402 Haas School of Business #1930
> >University of California, Berkeley
> >Berkeley, CA  94720-1930
> >Phone:  (510) 642-1075
> >Fax:  (510) 642-2826
> >http://haas.berkeley.edu/~imio
> >======================================
> >
> >
> >
> >

James L. Sweeney, Stanford University
Department of Management Science and Engineering
Terman Engineering Center, Room 323   Stanford, CA 94305-4026
Voice:  650-723-2847;  Fax: 650-723-1614;   Home Voice or Fax:  650-322-9835