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How the Press Gave Madoff Four More Years to Steal His Billions
It’s one of the greatest and most shameful failures in the history of journalism. In the new edition of our newsletter Eamonn Fingleton traces how the Wall Street Journal was handed a precise outline of Madoff’s Ponzi scheme in 2005 and sat on it. The New York Times also passed on chances to nail Madoff. Thousands, poor as well as rich, lost their life savings in consequence. Read Fingleton on how the watchdogs of the Fourth Estate took good care to snooze in their kennels. ALSO in the new edition, Paul Craig Roberts concludes the shortest, sharpest outline of economics ever written with a brilliant essay on the economics of a full, green world. Get your new edition today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great presents.
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Today's Stories February 19, 2009 Harry Browne February 18, 2009 Paul Craig Roberts Mike Whitney M. Shahid Alam Patrick Cockburn Conn Hallinan Dave Lindorff Rannie Amiri Gareth Porter Eric Hobsbawm Christopher Brauchli Martha Rosenberg Website of the Day February 17, 2009 Michael Hudson Mike Whitney Ralph Nader Joanne Mariner John Ross Belén Fernández Mats Svensson David Macaray Gregory Vickrey M. Junaid Levesque-Alam Michael Dickinson Website of the Day February 16, 2009 Patrick Cockburn Oscar Guardiola-Rivera Paul Craig Roberts Uri Avnery P. Sainath Dedrick Muhammad / Michael Brown Carla Blank Patrick Irelan Dan Bacher Fidel Castro Harvey Wasserman Website of the Day February 13 - 15, 2009 Alexander Cockburn Joshua Frank Mike Whitney George Ciccariello-Maher Nikolas Kozloff Brian M. Downing Paul Craig Roberts Christopher Ketcham Ron Jacobs Dave Lindorff Alan Maass Chuck Spinney Phil Gasper Stephen Lendman Charles Thomson Kathy Sanborn Saul Landau Len Wengraf Harvey Wasserman David Macaray Tom Stephens Seth Sandronsky David Yearsley Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend February 12, 2009 P. Sainath Jean Bricmont Michael Hudson Peter Lee Dave Lindorff February 11, 2009 Neve Gordon Peter Morici Andy Worthington Marjorie Cohn Fred Gardner Niranjan Ramakrishnan Zoe Blunt Belén Fernández Martha Rosenberg Website of the Day Blues of the Day
February 10, 2009 Kathy Kelly Nikolas Kozloff Uri Avnery Michael J. Berg Russell Mokhiber Joe Bageant Gareth Porter Dave Lindorff Rannie Amiri Harvey Wasserman Niranjan Ramakrishnan Website of the Day February 9, 2009 Vicente Navarro Paul Craig Roberts Julio Sanchez / National Lawyers Guild Jonathan Cook Alana Smith Binoy Kampmark Sam Bahour Nicole Colson Ron Jacobs Website of the Day February 6-8, 2009 Alexander Cockburn Ishmael Reed James Abourezk William Blum Patrick Cockburn Henry A. Giroux Manuel Garcia, Jr. Mouin Rabbani David Yearsley Saul Landau Jules Rabin Raymond J. Lawrence Janette Habel Dave Lindorff Missy Beattie Dale Gieringer John Ross Richard Rhames Bob Wing Robert Bryce David Macaray James L. Secor Jason Flom / Norm Kent Kim Nicolini Lorenzo Wolff Poets' Basement Website of the Weekend February 5, 2009 Michael Mandel Saul Landau / Ralph Nader Robert Bryce Russell Mokhiber Sameh Habeeb / Dave Lindorff Carmelo Ruiz-Marrero George Ochenski Website of the Day February 4, 2009 Arno J. Mayer Paul Craig Roberts Patrick Cockburn Jonathan Cook Fred Gardner Stan Cox Margaret Kimberley Lawrence Velvel Dave Lindorff Doug Giebel Serge Quadruppani Website of the Day February 3, 2009 David Price Bill Moyers Kirkpatrick Sale Conn Hallinan Peter Morici George Ciccariello-Maher Muhammad Idrees Ahmad Allan Nairn Norman Solomon David Macaray Website of the Day February 2, 2009 Uri Avnery Ralph Nader Gareth Porter Paul Craig Roberts Harvey Wasserman Rannie Amiri Cal Winslow Steve Early Alan Farago Diane Farsetta January 30 / February 1, 2009 Alexander Cockburn Michael Hudson Ismael Hossein-Zadeh Dave Lindorff Saul Landau Andy Worthington Subcomandante Marcos Robert Jensen Ron Jacobs Gareth Porter Allan Nairn Laura Carlsen Rev. William E. Alberts Christopher Brauchli Jules Rabin Col. Dan Smith Missy Beattie Tom Barry J. Michael Cole Manuel Garcia, Jr. Dan Bacher David Rosen Don Monkerud Binoy Kampmark Lorenzo Wolff David Yearsley Poets' Basement January 29, 2009 Peter Linebaugh Paul Craig Roberts Riz Khan M. Reza Pirbhai Wajahat Ali Gregory Vickrey Dina Jadallah-Taschler Alison Weir Alan Farago Walter Brasch Website of the Day
January 28, 2009 Norman Finkelstein Noam Chomsky Patrick Cockburn Rob Larson George Wuerthner Allan Nairn M. Junaid Stefan Simanowitz Charles R. Larson Website of the Day January 27, 2009 Winslow T. Wheeler Yigal Bronner / Joshua Frank Jordan Flaherty Ralph Nader Rev. José M. Tirado Benjamin Dangl Russell Mokhiber Martha Rosenberg C. G. Estabrook Website of the Day January 26, 2009 Paul Craig Roberts Deepak Tripathi Vijay Prashad Peter Lee Allan Nairn Uri Avnery John Sayen Dave Lindorff Lawrence R. Velvel David Macaray Roger Burbach Norman Solomon Website of the Day January 23 / 25, 2009 Alexander Cockburn P. Sainath Patrick Cockburn Saul Landau Sasan Fayazmanesh Alan Farago Christopher Brauchli Andy Worthington Ron Jacobs Lawrence Velvel Henry A. Giroux David Yearsley Raymond F. Gustavson Dave Lindorff Roberto Rodriguez Dina Jadallah-Taschler Fidel Castro J. Michael Cole Bob Fitrakis / Ramzy Baroud Mohammad Ali Shabani Richard Rhames Stephen Martin Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend January 22, 2009 Paul Craig Roberts Kathy Kelly Allan Nairn Lawrence Velvel Andy Worthington Peter Morici Joseph G. Davis Adriana Kojeve Benjamin Dangl Website of the Day January 21, 2009 Gabriel Kolko Harry Browne Michael Colby Lawrence R. Velvel Audrey Stewart Wajahat Ali Binoy Kampmark David Kεr Thomson John Ross Allan Nairn Sheldon Richman Website of the Day January 20, 2009 Chuck Spinney Kathy Kelly Raymond Deane Ralph Nader Audrey Stewart Jonathan Cook Harvey Wasserman Christopher Ketcham Robert Jensen Dave Lindorff David Macaray |
February 19, 2009 From Western Europe to KyrgyzstanThe Winding RoadBy BRIAN M. DOWNING Russian geopolitical moves over the last year have been wide-ranging, ominous, and seemingly unconnected. They are often interpreted as evidence of the resurgence of Great Russian chauvinism, which had been dormant since the decline and fall of communism. Many analysts see Russia as bent on reacquiring its empire, and at least suspect a new Cold War is in the offing. But an alternate, less malevolent interpretation might be considered, especially when Russia’s numerous cooperative measures are taken into account, as they often aren’t. Russia likely has a more limited goal: countering the spread of NATO into Eastern Europe. In the summer of 2008 Russia sent troops into Georgia, ostensibly to defend minorities there, but also to serve notice that NATO expansion into the region, including Georgia and the Ukraine, will not be tolerated. The lack of resolve with which most NATO countries responded to the invasion made it clear – or should have made it clear – that Eastern Europe cannot rely on NATO to defend it. Die for Tblisi or Kiev? Unlikely. The Georgian invasion and more recent pipeline maneuvers with the Ukraine also made it clear that Western Europe’s energy supplies from Russia and Central Asia depend on at least respectful relations with Russia. The Kremlin is planning to deploy short-range SS-26 missiles in its Kaliningrad enclave to counter the US deployment of its SDI system in Eastern Europe. The Russian navy has participated in their country’s recent moves as well, plying the Caribbean, crossing the Panama Canal, and visiting the old cold war flashpoint of Cuba. US defense thinkers look uneasily at these actions, but countervailing, cooperative actions and gestures might not be adequately considered in these scenarios, based as they are on worst-case scenarios and a reflexive return to cold war outlooks. Russia and other members of the Shanghai Cooperation Organization have offered to train the Afghan National Police, which in the absence of a meaningful Afghan army, is the most effective indigenous fighting force against the Taliban and al Qaeda. Russia prevailed upon Kyrgyzstan to close down the immense Manas air base, which is used to bring in troops and supplies to Afghanistan. However, this action was preceded by measures to help the US/NATO effort in Afghanistan by opening air and land routes over Russia and its client states of Uzbekistan and Tajikistan, which had been open only to certain NATO countries. It is clear that Russia has a great deal of control over Western Europe’s energy supplies and NATO’s logistical lines into Afghanistan, all the more so as supply lines from Pakistan are becoming unreliable. Russia has no interest in a second cold war. Its economy is frail and paltry compared to those of many NATO powers, especially after the price of oil dropped seventy-five percent since last summer, hammering Russian GDP and hard currency holdings. Its military remains backward and plagued with discipline troubles. Though wary of NATO’s presence along its expansive southern periphery, Russia does not want the West to leave Afghanistan and open the region to an Islamist empire spreading into former Soviet republics and worsening matters in Chechnya. Indeed, Russia might have more to lose in Afghanistan than does any NATO country. So what do we make of these actions? The combination of carrots and sticks suggest that Russia is setting the stage for a negotiated settlement of NATO’s presence to its west and southwest, with the possible bonus of deepening the estrangement between Western Europe and the US that has developed over the latter’s unsound and bewildering actions in the world, especially the 2003 invasion of Iraq and the counterproductive use of massive firepower in Afghanistan. The Clinton and Bush administrations have both pursued an aggressive expansion into Poland, Latvia, Lithuania, Estonia, the Czech Republic, Slovenia, Hungary, Rumania, and Bulgaria – with Georgia and the Ukraine in the queue – while Western Europe has uneasily gone along. One might dispute whether this expansion strengthens or weakens the security of NATO members, old and new, but it has undoubtedly caused security concerns – and legitimate ones – in a country that has endured devastating invasions that are incomprehensible to most countries. Rather than interpreting Russia’s menacing moves as a quest for hegemony, the West should recognize the opportunity implicit in Russia’s cooperative moves and engage the Kremlin in negotiations regarding access to energy resources, logistical and training support in Afghanistan, and more broadly, cooperation on countering Islamism in Central Asia. A neutral Eastern Europe will benefit the region, the continent, and much of the world. No one – not the US, Russia, or Western Europe – can afford another cold war, especially while a global depression is beginning. US defense spending may have contributed to the collapse of the Soviet Union, but it cannot be repeated in the next decade or so. And the toll it took on the US economy is only now being reckoned. Brian M. Downing is the author of several works of political and military history, including The Military Revolution and Political Change and The Paths of Glory: War and Social Change in America from the Great War to Vietnam. He can be reached at: brianmdowning@gmail.com |
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