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Inside the New Print Edition of Our Subscriber-Only Newsletter!
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 Singing the Gospel at Crapola's EndCrisis? What Crisis?By CHRISTOPHER KETCHAM More good news in crisis from down the block here in Brooklyn: The realty office that I could almost spit on from my stoop has shut its doors, boarded up the classy windows, sent its half-breed parasites home, no more to feed on the entrails of rent control. Praise be to the realtors out of a job – may they find real work suited to their minds, dealing heroin to children or pulling the wings off flies for re-sale. Good times, I tell you, and the rents falling fast, the bubble-brain-time popping. On the same stretch of street in Brooklyn, the boutiques with their sale signs like epitaph, spray-painted in the colors of the rainbow, desperate-looking, like the owners were fainting as they painted. Jeans for $319 now at 50 percent – a bargain, I’m to understand. Threadbare t-shirts “artistically printed,” just $40, cut to $20, I might pay 50 cents, if they’d get rid of the infantile print. Alas, the inventories piling up across the blackened plain, burial-mounded and no one buying, and in the wind a hysterical lament, the marketeers, the opinionators screaming their heads off that “something must be done,” as if we hadn’t enough of enough to last this generation and the next, as if it is not a wonderful and beautiful thing to stop buying stuff we don’t need. There’s the rub. The deranged axiom of the modern consumption economy is that when people stick to what they need and save their money, it’s a god-awful disaster. I see only the cleansing wind. Down the street from the stinking corpse of the realty, three more of those little boutiques that can only and ever cater to the very rich – just this week, gone and gone from my beloved Brooklyn, their death like a sun-up. Coffee shops where the latte is $7, the bars where the beer is $10, the things priced to profligacy and exclusionary wealth, going and gone, the rotten branches blown into the gutter. I think of one of those mad-eyed April sandstorms in the windy season of the Utah desert, where the sand scours the face and arms, lays open the pores, seems to rip the fat from the muscles, blasts the red-rock to a sheen and even cleans the blue of the sky. I say: more storms to lean into and be leaner for it. The crap is getting swept from my nook in Brooklyn, but here’s what isn’t disappearing: the little hardware stores where you buy the nails to build, the paint to preserve; the little fish shops that increasingly vend a local catch; the little fruit stands where the apples from the autumn harvest have kept, where the owners have made a conscious decision to quit the out-of-season fruit, because it’s too expensive for straitened wallets and anyway it was unnatural to have it. I hear from my hardware guy that sales of compact flourescents are up – people cutting down on their electric bills. I even notice a new cobbler has opened up, meaning there is demand for old shoes to be made new. I go on a rainy afternoon with my mother to the industrial flats, among low warehouses, to repair her old family heirloom chairs, and men on the shop floor are busy hand-weaving the wicker and staining the wood – producing something you can hold in your hands, with the added benefit that it holds you. They charge her a good and just price, worth the work, and the hundred-year-old chairs will perhaps remain with the family a hundred more. When we still find industry in Brooklyn, things of value made by American hands – industry in a city where it’s been driven like a leper to make way for the drama-queening and pursed lips of the rich – there is hope. The bigger grocery stores, meanwhile, teem with food – what a crisis! – and most of it, if you avoid the poison of meat and the fraudulence of starch and sugar, is as cheap as ever in the history of man. Perspective is in order: We have more than enough to eat, more than most of the world’s flea-bitten wretches lashed together. We have electricity, clean water, sanitation, decent shelter, and if you cook food for yourself – be an adult, stay out of the silly restaurants – stanch the light sockets with those compact flourescents, burn candles to read by, put on a goddamn sweater and a pair of wool socks for bed, keep the thermostat low (hell, turn it off, the cold is good for you, keeps you lean), the bills stay low too. (Dick Cheney was right: Conservation is a personal ethic.) So where’s the crisis? Answer: there is none. There is only a slowing down, a getting off the drug of crapola consumption. If we are the coke addict, the alcoholic, the meth fiend emerging from a long lunatic twilight binge, so hepped for so long that mania has become normalcy, then what is normal and healthy and balanced now feels like crisis. So now the DTs, the withdrawal, and, perhaps at last, some measure of clarity. Christopher Ketcham is working on a book about the dissolution of the United States and its replacement by bioregional republics. He can be reached at cketcham99@mindspring.com
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