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How a Tiny Alaskan Indian Tribe Got Billions in Pentagon Contracts by Jeffrey St. Clair; Dems and Dives by Alexander Cockburn; Spooky Grants: More on the CIA's Recruitment of Campus Professors by David Price. Remember these stories are available exclusively in the print edition of CounterPunch. CounterPunch Online is read by millions of viewers each month! But remember, we are funded solely by the subscribers to the print edition of CounterPunch. Please support this website by buying a subscription to our newsletter, which contains fresh material you won't find anywhere else, or by making a donation for the online edition. Remember contributions are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! or write CounterPunch, PO BOX 228, Petrolia, CA 95558 |
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Other Lands Have Dreams: From Baghdad to Pekin Prison by KATHY KELLY  Today's Stories April 8, 2005 Hom Raj Acharya
/ Sally Acharya Felice Pace Neve Gordon Vicente Navarro
April 7, 2005 Joshua Frank Yitzhak Laor Alan Maass Steven Sherman Dave Lindorff Gerry Adams John Chuckman Michael Dickinson John Ross Website of the Day
April 6, 2005 Peter Camejo Kevin Wehr Matt Vidal Robert Creeley
/ Bruce Jackson Nikolas Kozloff Sea Shepherd Crew Brenda Child Terry Eagleton David Swanson Cindy Ellen
Hill Website of
the Day
April 5, 2005 Jim Connolly Paul Craig
Roberts Gary Leupp Dave Lindorff Ron Jacobs Dan Smith Mark Engler Richard Oxman Greg Moses Website of the Day
April 4, 2005 Kevin Zeese Paul Craig Roberts Larry Birns
/ Sarah Schaffer Karyn Strickler Joshua Frank Michael Dickinson Surendra R.
Devkota Derrick O'Keefe Uri Avnery Website of the Day
April 2 / 3, 2005 Alexander Cockburn Jeffrey St. Clair Stan Goff John Ross Saul Landau Robert Creeley Mike Roselle Joshua Frank Fred Gardner Greg Moses Fran Quigley Kurt Nimmo Nicole Colson Chris Genovali Alan Farago Lawrence Reichard Ben Tripp Avantika Regmi Lee Sustar Ron Jacobs Dave Lindorff Poets' Basement Website of
the Day
April 1, 2005 Tom Barry Rahul Mahajan Charlie Cray
/ Jim Vallette Dave Lindorff Zeynep Toufe Suzan Mazur Michael Dickinson Stan Cox Ra Ravishankar Daniel Wolff
March 31, 2005 Sharon Smith Ron Jacobs Tariq Ali Michael Dickinson Kanak Mani
Dixit Mitchell Zimmerman Xuan-Trang
Ho Dave Zirin Joe Bageant Jeff Halper Website of
the Day
March 30, 2005 Gary Leupp Ralph Nader
/ Kevin Zeese Chase Madar Toni Solo Jackie Corr Ahmad Faruqui Mike Roselle Jude Wanniski Francis A.
Boyle Jeffrey St.
Clair Website of
the Day
March 29, 2005 Ralph Nader Gary Leupp Sonia Cardenas Stew Albert Mark Weisbrot Dave Lindorff Carl G. Estabrook
March 28, 2005 Jeremy Scahill Sonali Kolhatkar Sasha Kramer Kevin Zeese Tom Stephens Dr. Teresa Whitehurst Newton Garver Paul Craig
Roberts Website of the Day
March 26 / 27, 2005 Gary Leupp Peter Linebaugh Marc Robert Laura Carlsen Saul Landau
/ Puja Patel Dave Foreman Fred Gardner Jennifer Matsui Dave Lindorff Dharma Adhikari Joshua Frank Patrick Barr Christopher
Brauchli Ramzy Baroud Jackie Corr Ben Tripp Dr. Susan Block Mickey Z. Justin Taylor Richard Joseph Poets' Basement
March 25, 2005 Scott Richard
Lyons Yoshie Furuhashi Pat Williams Mark Engler Rahul Mahajan Lance Selfa Ralph Nader John R. Llewellyn Jo Guldi
March 24, 2005 Joshua Frank Talli Nauman Martin Espada Dave Lindorff Elaine Cassel Jack McCarthy Jack Random Barbara Ferguson Suzan Mazur Dorreen Yellow Bird Andrew Wimmer
and Mark Chmiel
Patrick Bond Mike Whitney Becky White Michael Donnelly Niranjan Ramakrishnan Ashley Smith David Swanson Derrick O'Keefe Paul A. Moore Dalton Walker Patrick Cockburn
March 22, 2005 William Blum Jim Vallette Greg Moses John Farley Ron Jacobs M. Junaid Alam Rep. Cynthia
McKinney Dave Lindorff James Petras
March 21, 2005 John Walsh Werther Mike Stark David Swanson James T. Phillips Mike Ferner Robert Jensen Paul Craig
Roberts Stew Albert Website of
the Day
March 19, 2005 Alexander Cockburn Tom Reeves Saul Landau Alan Maass Ron Jacobs David Green John Blair Steve Greenfield Ben Tripp Mike Roselle Joshua Frank Mark Weisbrot Dave Lindorff Sarah Schaffer Warren Hastings Poets' Basement
March 18, 2005 Dave Zirin Richard Thieme John Walsh David Swanson Ben Terrall David Boyle Dorreen Yellow Bird Mokhiber /
Weissman Greg Moses Website of
the Day
March 17, 2005 Christopher
Brauchli Bill Quigley Brian Cloughley Gary Bass / Adam Hughes Dave Lindorff Jude Wanniski Alexander Billet John Ross Website of the Day
March 16, 2005 Ralph Nader William Cook Kevin Zeese Jackie Corr Alan Maass David R. Kolker Cindy Ellen
Hill Paul Craig
Roberts
March 15, 2005 Gary Leupp Dave Lindorff Greg Moses Hadas Their
/ Katrina Yeaw Alison Weir Matt Koehler Evelyn Pringle Harry Browne
March 14, 2005 Ralph Nader David Miller Stan Cox Mike Roselle David Swanson Simona Sharoni Dave Lindorff Dorreen Yellow Bird Tom Barry Website of the Day
March 12 / 13, 2005 David H. Price Noam Chomsky Laura Carlsen Stan Goff Valentina Nicoli Michael Leonardi Saul Landau
/ Sarah Anderson Joe Bageant Manuel García,
Jr. Greg Moses James J. Brittain Ben Tripp Joshua Frank Fred Gardner Walter Brasch Ramzy Baroud Christopher
Brauchli Michael Donnelly Ron Jacobs Richard Oxman Poets' Basement
March 11, 2005 Jerry Fresia Ron Jacobs Dave Lindorff William James
Martin Muqtedar Khan Kathryn Ledebur Mike Whitney Dave Zirin Website of the Day
March 10, 2005 Paul Craig
Roberts John Marc Leas, Colleen McLaughlin
and Ashley Smith Larry Birns Michael Donnelly Luis Gomez Jackie Corr Uri Avnery Website of the Day
March 9, 2005 Jeffrey St.
Clair Ward Churchill Robert Fisk Bernice Powell Jackson Mickey Z. Dave Zirin Michael Donnelly James Reiss Vijay Prashad
March 8, 2005 Paul Craig
Roberts Robert Fisk Kurt Nimmo Suzan Mazur Evelyn Pringle Giuliana Sgrena Elaine Cassel
March 7, 2005 Dave Zirin Brian Cloughley John Chuckman Mike Whitney Mark Weisbrot Fred Gardner Richard Neville Uri Avnery
March 5 / 6, 2005 Alexander Cockburn Gary Leupp Ron Jacobs Tom Reeves Jenna Orkin Tom Barry Joshua Frank Moshe Adler Jane Stillwater Omar Barghouti / Jacqueline
Sfeir Christopher
Brauchli John Pilger Raúl
Zibechi David Krieger Three Takes on Nepal Surendra R. Devkota Bhishma Karki Joseph Pietri Ben Tripp Poets' Basement Website of
the Weekend
March 4, 2005 Frederick Hudson
March 3, 2005 Pat Williams Brian Cloughley Dave Lindorff Amira Hass Greg Moses Lynne Landes Nelson P. Valdés John Ross
March 2, 2005 Saul Landau
/ Farrah Hassen Mike Roselle M. Junaid Alam Suzan Mazur Jackson Thoreau Michael Donnelly Jeffrey St.
Clair Website of the Day
March 1, 2005 Scott Richard
Lyons David Lindorff Patrick Cockburn
/ David Enders Ron Jacobs Tanya Garcia Joseph Pietri Kona Lowell Paul Craig
Roberts Website of
the Day
Hot Stories Alexander Cockburn Subcomandante
Marcos Norman Finkelstein Steve Niva Dardagan,
Slobodo and Williams Steve
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Rampton and John Stauber Wendell
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April 8, 2005 Coming Sooner Than You ThinkThe Economic TsunamiBy MIKE WHITNEY
It seems that there are a growing number of people who believe as I do, that the economic tsunami planned by the Bush administration is probably only months away. In just 5 short years the national debt has increased by nearly 3 trillion dollars while the dollar has continued its predictable decline. The dollar has fallen a whopping 38% since Bush took office, due largely to the massive $450 billion per year tax cuts. At the same time, numerous laws have been passed (Patriot Act, Intelligence Reform Bill, Homeland Security Bill, National ID, Passport requirements etc) anticipating the need for greater repression when the economy takes its inevitable nosedive. Regrettably, that nosedive looks to be coming sooner rather than later. The administration is currently putting as much pressure as possible on OPEC to ratchet up the flow of oil another 1 million barrels per day (well over capacity) to settle down nervous markets and buy time for the planned bombing of Iran in June. Like Fed Chief Alan Greenspan's artificially low interest rates, the manipulation of oil production is a way of concealing how dire the situation really is. Rising prices at the pump signal an upcoming recession, (depression?) so the administration is pulling out all the stops to meet the short term demand and maintain the illusion that things are still okay. (Bush would rather avoid massive popular unrest until his battle-plans for Iran are carried out) But, of course, things are not okay. The country has been intentionally plundered and will eventually wind up in the hands of its creditors as Bush and his lieutenants planned from the very beginning. Those who don't believe this should note the methodical way that the deficits have been produced at (around) $450 billion per year; a systematic and orderly siphoning off of the nation's future. The value of the dollar and the increasing national debt follow exactly the same (deliberate) downward trajectory. This same Ponzi scheme has been carried out repeatedly by the IMF and World Bank throughout the world; Argentina being the last dramatic illustration. (Argentina's economic collapse occurred when its trade deficit was running at 4%; right now ours is at an unprecedented 6%.) Bankruptcy is a fairly straight forward way of delivering valuable public assets and resources to collaborative industries, and of annihilating national sovereignty. After a nation is successfully driven to destitution, public policy decisions are made by creditors and not by representatives of the people. (Enter, Paul Wolfowitz) Did Americans really believe they could avoid a similar fate? If so, they'd better forget about it, because the hammer is about to come down big-time, and the collateral damage will be huge. The Bush administration is mainly comprised of internationalists. That doesn't mean that they "hate America"; simply that they are committed to bringing America into line with the "new world order" and an economic regime that has been approved by corporate and financial elites alike. Their patriotism extends no further than the garish tri-colored flag on their lapel. The catastrophe that middle class Americans face is what these elites breezily refer to as "shock therapy"; a sudden jolt, followed by fundamental changes to the system. In the near future we can expect tax reform, fiscal discipline, deregulation, free capital flows, lowered tariffs, reduced public services, and privatization. In other words, a society entirely designed to service the needs of corporations. There are a number of signs that the economy is close to meltdown-stage. Even with cheap energy, low interest rates and $450 billion in borrowed revenue pumped into the system each year, the economy is still barely treading water. This has a lot to due with the colossal shifting of wealth brought on by the tax cuts. Supply-side, trickle-down theories have been widely discredited and Bush's tax cuts have done nothing to stimulate the economy as promised. Now, with oil tilting towards $60 per barrel, the economic landscape is changing quickly, and shock-waves are already being felt throughout the country. The Iraq war has contributed considerably to our current dilemma. The conflict has taken nearly one million barrels of Iraqi oil per day off line.(The exact amount that the administration is trying to replace by pressuring OPEC) In other words, the astronomical prices at the pump are the direct result of Bush's war. The media has failed to report on the negative affects the war has had on oil production, just as they have obscured the incredibly successful insurgent strategy of destroying pipelines. This isn't a storyline that plays well to the American public, who expected that Iraq would be paying for its own reconstruction by now. Instead, the resistance is striking back at the empire's Achilles heel (America's need for massive amounts of cheap oil) and its having a damaging affect on the US economy. Just as the economy cannot float along with sharp increases in oil prices, so too, Bush's profligate deficits threaten the dollar's status as the world's reserve currency. This is much more serious than a simple decline in the value of the dollar. If the major oil producers convert from the dollar to the euro, the American economy will sink almost overnight. If oil is traded in euros then central banks around the world would be compelled to follow and America will be required to pay off its enormous $8 trillion debt. That, of course, would be doomsday for the American economy. But, a recent report indicates that two-thirds of the world's 65 central banks have already "begun to move from dollars to euros." The Bush plan to savage the dollar has been telegraphed around the world and, as the New York Times says, "the greenback has nowhere to go but down". There's only one thing that the administration can do to ensure that energy dealers keep trading in dollars.control the flow of oil. That means that an attack on Iran is nearly a certainty. The difficulties facing both the dollar and the economy are not insurmountable. The world has been more than willing to compensate for America's wasteful spending as long as America shows itself to be a responsible steward of the global economy. However, the administration's military and economic recklessness suggests that some of the key players on the world stage (particularly Russia, Iran, Venezuela, Germany, France, China, Brazil) are collaborating on an alternate plan; a contingency plan. If Iran is bombed in an unprovoked act of aggression, we will certainly see this plan activated. The most likely scenario would be a quick switch to the euro that would have grave implications for the American economy. (Russia has already indicated that it will do this) For Iran, an attack would justify arming disparate terrorist organizations with the weaponry they need to attack American and Israeli interests wherever they may be. In any event, an unprovoked attack will dispel the remaining illusions about Bush's war against terror and confirm to everyone that we are engaged in a new world war; a conflict for global domination. The neoliberal chickens have come home to roost. America has become the latest staging ground for the eccentric economic policies of the Washington Consensus. The towering national debt coupled with the staggering trade deficits have put the nation on a precipice and a seismic shift in the fortunes of middle-class Americans is looking more likely all the time. The New York Times summarized the country's prospects like this:
"An uncontrolled fiscal crisis"... America's future under George Bush. We are facing years of collective struggle ahead. If there's a quick fix, I have no idea what it might be. Mike Whitney lives in Washington state. He can
be reached at: fergiewhitney@msn.com
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