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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 23, 2009 Mike Roselle February 20 / 22, 2009 Alexander Cockburn Michael Neumann / Ismael Hossein-zadeh Paul Craig Roberts Linn Washington Jr. Saul Landau Marjorie Cohn Binoy Kampmark Dave Lindorff David Yearsley David Macaray James McEnteer Rick Salutin Wayne Clark Richard Rhames Stephen Martin Mitu Sengupta Charles R. Larson Richard Morse Lorenzo Wolff Poets' Basement Website of the Weekend 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 |
February 23, 2009 Going Up Against Big Coal in West VirginiaOn Cherry PondBy MIKE ROSELLE The first time I was on Cherry Pond it was ramp season, and I joined Judy, Bo, Larry and Ed for the much anticipated spring ritual, in which the tasty wild onions are harvested and cooked in butter with potatoes. It was a steep hike through rugged country, and from the ridge you could see Coal River Mountain, the highest peak around, all the way up to Kayford Mountain, which is no more. Kayford Mountain is now a huge pit, where bulldozers, trucks and dynamite can be heard for miles around. Larry Gibson, one of the most vocal opponents of mountain top removal coal mining, used to look up at Kayford Mountain and thank god that he was lucky enough to live in West Virginia. Now, on must be careful when looking the top of a high wall; a man-made cliff that is perfectly vertical. Larry lives on the top of the cliff and Kayford Mountain is two hundred feet below Larry’s House. His property line is at Kayford Mountain by default. Larry refused to sell out to the coal companies and has been fighting mountain top removal for the last twenty years of his life. Thousands of people have come to Larry’s to see how coal is really mined, and few are prepared for the site they will see when they peer over that high wall. If you drive a few miles north of my house on Highway 3, you can look up Clay’s Branch, the creek that leads to Cherry Pond. It is famous among turkey hunters, mushroom hunters, ginseng pickers and bird watchers. The people who live along Clay’s Branch are used to people driving by their houses, some of which sit so close to the road that they could hand you a beer as you drove by without getting off their porches. This is because the holler is steep, and what little land is flat enough to put a house on is usually right near the road by the creek. You can still see Clay’s Branch today if you drive by, but you won’t see Cherry Pond Mountain. Cherry Pond is gone. Last Thursday the US Fourth Circuit Court ruled that Massey Energy and every other mine owner in West Virginia does not have to obey any environmental laws when they dig for coal. That’s right, any of the laws, like the Clean Water Act, the Clean Air Act or the Endangered Species Act. The coal companies are getting away with murder and the court turned the fate of the Appalachian Mountains, the oldest on Earth, to the Army Corps of Engineers and the wholly coal owned West Virginia Department of Environmental Protection, an agency that has never denied a mining permit and dose not regulate the permits when they sign off on them. On a Friday a couple of weeks ago, Massey Energy blew the top off of Cherry Pond Mountain. Like a Navel gun salute Massey signaled there approval of the coal owned Federal Court’s decision by drilling a few hundred holes, inserting nitrates and filling them with diesel fuel, and setting off the loudest explosion that anyone has around herd around here before. A large boulder was sent air borne, flew off of the ridge and continued to roll, Johnny Cake-like, sticking to the road, even making the tight curves, and stopped a few hundred feet from Kenny’s place, which is the last house on the road. Dust from the blast, silica mixed with chemicals and fuel oil, blanketed his vegetable garden. One window in his house was shattered by the force of the explosion. On Saturday, James “Guin” McGuinn took me to Clay’s Branch so we observe for ourselves what had happened. You could see the wreckage of the mountain even before you got off of Highway 3. High above Clay’s branch, the ridge top is being lowered, and the mountain is disappearing. How much of this is enough? On Monday Guinn and I got two lengths of chain and two locks, painted a banner and marched up the mountain. They knew we were coming because we had posted a press release on the Climate Ground Zero website before leaving the house. We were accompanied by two photographers, who followed us into the mine area. We climbed onto the site and were immediately spotted by the Massey Security guards who spoke to us over their bullhorn. We walked straight towards the drilling rig that was preparing for another blast. Directly to our right a truck was hauling the stones that had for millions of years had been lodged at the top of the mountain. We turned and approached it. The big truck continued forward as we walked up the step road and we essentially had it bottled up, unable to proceed any further without running us over. It stopped. It backed up. The two excavators were now idle, unable to load another truck. About thirty minutes went by and we observed that to our left several trucks holding the explosives went down the mountain and the drilling was halted. An hour went by and the Massey security trucks still waited about a hundred yards away. Above us the truck once again approached our position. We stood our ground and raised our hands. Stop. He once again continued forward, perhaps thinking we would step aside and he would run over our banner, which we had spread across the road. It read: “Wind Mills Not Toxic Spills”. The truck came closer. Then it stopped. After a few more minutes passed, a West Virginia State Trooper, Sgt. Michael Smith appeared on the scene. We had met before, last week, when seven of us, including Guin, had chained ourselves to the excavators not far from here. We had time to talk as he had driven us, without handcuffs, to the State Police station that sits at the end of Marsh Fork, and at the entrance to the mine. He knew why we were here. “When I got the call, I knew it was you guys. I read your press release on the Climate Ground Zero website. Do you ever do these when it’s not cold and snowing?” he said. “Get in the truck”. We rode down the mountain again with Sgt. Smith. He told us about his new granddaughter. “I understand what you’re doing. You know you’re up against big money.” It wasn’t a question. There was no blasting on Cherry Mountain that day. There was on Wednesday, Thursday, Friday and Saturday. Today is Sunday and they don’t work. If nothing is done, they will blast on Monday. Isn’t it time to stop this insanity? If two burned out old hippies can stop the blasting on one mountain for one day, what would happen if thousands of people did the same? That wasn’t really a question either because I already know the answer. They could stop it. For more information visit Coal River Mountain Watch. Mike Roselle lives in Rock Creek, West Virginia. He can be reached at: mikeroselle@hotmail.com |
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