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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 20 / 22, 2009 Paul Craig Roberts February 19, 2009 Norman Finkelstein Harry Browne Robert Bryce Brian M. Downing Fred Gardner Andy Worthington Wajahat Ali Laura Carlsen Deb Reich Christopher Ketcham Website of the Day 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 |
Weekend Edition Jesus, Big Coal and I-80On the Road AgainBy SAUL LANDAU “Jesus Lives” screamed the giant billboard on I-80, some 20 miles east of Lovelock, Nevada. At the bottom of the sign appears the sponsor: adsforGod.org, an “organization whose only purpose is to advertise for The only True Living God whose only begotten Son is Jesus The Christ.” From the car, driving through dramatic mountain scenery in Wyoming and into Nevada, I saw mountains covered with snow, sagebrush and clouds. No people, cars, trucks or houses appeared on the horizon. As soon as I reached a populated place in the state where slot machines abound at every seedy bar and high class casino, at airports and eateries, I suppose I could try to find out exactly where Jesus lives. Since there’s no Bethlehem in Nevada, perhaps he’d take up residence at the Mustang Ranch outside of Winnemucca, the world’s most famous brothel? On the edge of Carlin, Nevada (population 2,161), I see a trailer park and signs for several fast food chains. To further dampen my appetite, a sign tells me Carlin is home to a prison, euphemistically called the Carlin Conservation Center. The next roadside sign warns: “don’t pick up hitchhikers.” Suppose the guy with his thumb up was Jesus? Maybe Jesus lives near the prison guards in the communities of modest small homes? Or in the shacks and trailers of those who work in the mines, gold and other minerals, no longer the silver for which the state was named? One can see how the modern Judases still sell their souls for the old 30 pieces of silver – add a few hundred million – as the refineries and smelters pour contaminating smoke into the pristine sky. The payoff for such sins has grown. The silver processing in Biblical times was a lot less contaminating. John Prine offered an appropriate soundtrack on the car CD:
Through the thousand miles of deserted Wyoming and Nevada landscape lay God’s perfection – except for billboards and a virtually empty four lane highway. After fifteen minutes passed without me seeing another vehicle, I finally crept up to the car ahead of me. The bumper stickers said: “Jesus Will Forgive You” and “McCain/Palin 2008.” Another Prine song played:
For the un-forgiven, Nevada provides lots of prisons. On the outskirts of Lovelock, another fortress looms on the landscape. The guard towers loom over the medieval structure chiseled into the base of a brooding mountain. “Correctional Institution,” the euphemism used throughout the country for caging men for their sins, has a poor record for correcting either their past behavior or their future course. Most of the inmates, like those in prisons and jails throughout the country, engaged in sins like smoking or using prohibited drugs and petty larceny. Some committed violent crimes, but compare their sins to those performed by the bankers and security speculators, Bernie Madoff and the members of the military and the mercenaries who have slaughtered civilians throughout Iraq and Afghanistan! The wealthy hire legal talent that finds loopholes and brokers to pay off judges. The military – well, they’re only following orders. A billboard “welcomes” us to the town of Lovelock (population 1,889). On a nearby highway sign, the big criminals advertise their polluting product; the petty ones rot away in penitentiaries. Those visiting family or friends can stay at a nearby Holiday Inn or Best Western Motel. Such facilities will house visitors of O.J. Simpson, who was sent to lock-up in Lovelock Correctional Center (Medium Security Prison) for 9-33 years. Simpson, who starred at USC, won the 1968 Heisman Trophy, but on October 3, 2008, a jury convicted him of robbery, kidnapping and assault with a deadly weapon, following a September 2007 confrontation with two memorabilia dealers in a Las Vegas hotel room. Simpson said he was just trying to get his football trophies back from people who had improperly acquired them. (He could no longer afford the high paid legal talent that got him acquitted in the murder trail.) Simpson’s cell mates will include a high number of sex offenders. Like the other inmates, Simpson will receive three meals a day, access to mail, limited phone privileges and up to one hour of exercise every day. He can also work doing yard labor, and kitchen chores. (Melissa Arseniuk and Cy Ryan, Las Vegas Sun, Dec. 19, 2008) Back in 1994, I thought that the LAPD had framed the right guy for the murder of his wife and her friend. It took 13 years for the police fraternity to catch O.J. again – in what looked like a minor infraction at best. But time wounds all heels. Simpson deserved punishment. But how does one equate his murderous acts with Chevron’s behavior in Ecuador or Nigeria, where they not only dirtied the environment, but collaborated, according to two law suits (filed by Nigerian residents represented by EarthRights International), with Nigeria’s repressive forces to kill people. On January 4, 1999, a woman and her children were fishing in Opia, a small Nigerian village, when soldiers opened fire, killing her. Two lawsuits allege that Chevron paid the soldiers, and that they traveled in Chevron-owned trucks and helicopters in more than one such bloody “incident,” including an armed attack on protestors at an oil drilling platform. Nor does time seem to punish massive government-private sector corruption. “Contractors” in collusion with US military officials stole hundreds of billions of dollars supposedly reconstructing Iraq. According to Patrick Cockburn, $57.8 million was sent in “pallet upon pallet of hundred-dollar bills” to the US comptroller for south-central Iraq, Robert J Stein Jr., who had himself photographed standing with the mound of money. He is among the few US officials in Iraq to be convicted of fraud and money-laundering. Since 2003, Congress has appropriated hundreds of millions each year for reconstruction, but “there have been no cranes visible on the Baghdad skyline except those at work building a new US embassy and others rusting beside a half-built giant mosque that Saddam was constructing when he was overthrown. One of the few visible signs of government work on Baghdad’s infrastructure is a tireless attention to planting palm trees and flowers in the centre strip between main roads. Those are then dug up and replanted a few months later. Iraqi leaders are convinced that the theft or waste of huge sums of US and Iraqi government money could have happened only if senior US officials were themselves involved in the corruption.” (Counterpunch.org, February 16, 2009) Instead of seeing the symbol of corruption, the Casino, each Nevada town no matter the size sports signs of virtue: church spires emerge on the Horizon. According to adsforGod.org “there exist 9,900 different ‘Religions’ on the face of this earth,” but only “‘one’…can prove that it is the ‘Inherent Word’ of the ‘Only True Living God.’” But the certainty of religious statements must stand next to screaming commercialism symbolized by towering Golden Arches sporting an American flag and blinking neon signs shouting “Casino.” I’m sure I would find, if I looked on the website of adsforGod.org, an explanation of how God intended man to create shopping centers that would merge into harmony with His perfect creation. My road trip began in Chicago and offered me a chance to see how a traveler can adopt a shield of aesthetic insensitivity -- beyond the crime of scenery pollution. On the radio, news reported, as it usually does, acts of extreme violence in Iraq, Afghanistan and Pakistan. A news report talked about the final count of the dead in Gaza, casual summaries of what Hannah Arendt called “the phenomenon of evil deeds, committed on a gigantic scale,” the kind that can’t be “traced to any particularity of wickedness, pathology or ideological conviction in the doer.” Arendt saw “extraordinary shallowness” beneath these wicked deeds, the kind cultivated by a mass consumer society, snuggled in religion. The four lane highway and the car radio combine to offer drivers and passengers a way to think only about their consuming needs. The messages in print on billboards or blaring from radio commercials distract us. They direct our thinking away from the sky, the mountains, the people, plants and animals and toward “choices” of brands of soap and brands of representatives who will make war. Then, we can blame them for what they have done to us and others. We continue to accept the word “free” as the defining adjective of American life as the economy sinks into the mire of stagflation. Much easier to go with the dictum of adsforGod.org: “The Bible is Right” – whatever that means. Saul Landau’s film, “The Jail,” is available on DVD (roundworldproductions@gmail.com). He is an Institute for Policy Studies Fellow. His latest book, A BUSH AND BOTOX WORLD was published by Counterpunch A/K. |
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