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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 It Has Many VirtuesA Closer Look at the Employee Free Choice ActBy DAVID MACARAY By now, most people have heard of the Employee Free Choice Act (EFCA), the bold legislative initiative introduced by the Democrats (Rep. George Miller, D-CA), intended to amend the National Labor Relations Act (NLRA) by making it easier and fairer for employees to join a labor union. Although the measure passed the House by a vote of 241 to 185, in June of 2007, and was approved by a 51-48 vote in the Senate, it failed to get the 60 votes necessary for cloture (which would have made it filibuster-proof), causing it to lie dormant for the remainder of the 110th Congress. However, it should be noted that President Bush had already promised to veto the legislation, so even with those 60 crucial Senate votes the bill would have emerged stillborn. To have any chance whatever of becoming law, it was clear that the EFCA would require a Democrat in the White House. During the primaries, both Obama and Clinton loudly sang the praises of the EFCA (as they raked in organized labor’s contributions) and promised, if elected, to fight for its passage. But because there have been signs that President Obama is hedging on that promise, it remains to be seen how hard he and his Congress-savvy chief of staff Rahm Emanuel will push for it. On one side, they have moderate Democrats terrified of provoking the Republicans; on the other, they have an aroused AFL-CIO applying pressure. If enacted, EFCA would allow employees to circumvent the complex, time-consuming, and management-skewed NLRB certification process. Instead of a full-blown election, workers would have the choice of “card check,” where all they have to do is sign cards indicating they wish to become union members. If a majority of the workforce signs such cards they instantly belong to a union. Naturally, most businesses hate the idea of the streamlining the process. They object to anything that makes joining a union easier. Indeed, if it were their call, many businesses would prefer seeing unions made illegal or “state-run,” as they are in the most repressive countries in the world. Accordingly, the U.S. Chamber of Commerce has spent millions lobbying against passage of the EFCA. While card check is the most celebrated feature of the EFCA, there are two other provisions in this bill that are equally—if not more—important. Card check is an enormous advantage to unions, but it’s not a “new” method. It’s already used voluntarily by companies who feel they can either defeat the measure through anti-union propaganda, or believe there’s benefit in being seen as “labor friendly.” But the two other features of this bill could be seen as labor milestones. First, the EFCA will give the union the right to demand that the company begin contract negotiations within 10 days of certification. Ask any union organizers how hard it is to get that first contract, and they’ll tell you that companies are notorious for dragging their feet—either by stalling interminably before sitting down with the union, or purposely prolonging the negotiations to the point where novice memberships get so antsy, they lose their nerve and ask for decertification. It happens. However, under the EFCA, if the parties are unable to reach an agreement within 90 days, either side, union or management, can request that the Federal Mediation and Conciliation Service (FMCS) be brought in to mediate the bargain. Mediators already assist in contract bargains, particularly when strikes have been called or appear to be imminent, so having one present isn’t innovative. But here’s the astonishing part: If the parties can’t reach a mediated settlement within 30 days, the FMCS has the authority to finalize the contract. In effect, it would be binding arbitration. The notion of an outside party—a government agency, no less—setting the terms of a labor agreement would put the fear of God in management, causing them to do everything in their power to reach an equitable agreement. It’s a profound improvement to the process. Second, the EFCA would require the NLRB to seek an immediate injunction when there is “reasonable cause” to believe an employer has fired, suspended or harassed an employee for engaging in a union organizing or first contract drive. Moreover, an employer who is found guilty of illegally firing or suspending a union activist would be required to pay that employee three times his back pay—the amount of his lost wages, plus two times that sum in punitive damages—plus as much as $20,000 in civil fines. So there it is. The EFCA will not only make card check a way of life, it will prevent companies who hope to avoid having to agree to a fair contract from stalling or playing mind games at the bargaining table, and will stop (or seriously curtail) management from illegally thwarting union activism in the workplace. It’s no wonder the Republican Party and the U.S. Chamber of Commerce are going ape-shit over this. Arguably, the EFCA would be the first big-time pro-labor legislation to come down the pike since the 1935 Wagner Act. Now it’s up to Obama and the Democrats to step up to the plate and get it done. David Macaray, a Los Angeles playwright (“Borneo Bob,” “Larva Boy”) and writer, was a former labor rep. He can be reached at dmacaray@earthlink.net
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