Here’s an important message to CounterPunch readers from
Here at CounterPunch we love Barbara Ehrenreich for many reasons: her courage, her intelligence and her untarnished optimism. Ehrenreich knows what’s important in life; she knows how hard most Americans have to work just to get by, and she knows what it’s going to take to forge radical change in this country. We’re proud to fight along side her in this long struggle. We hope you agree with Barbara that CounterPunch plays a unique role on the Left. Our future is in your hands. Please donate.
Yes, these are dire political times. Many who optimistically hoped for real change have spent nearly five years under the cold downpour of political reality. Here at CounterPunch we’ve always aimed to tell it like it is, without illusions or despair. That’s why so many of you have found a refuge at CounterPunch and made us your homepage. You tell us that you love CounterPunch because the quality of the writing you find here in the original articles we offer every day and because we never flinch under fire. We appreciate the support and are prepared for the fierce battles to come.
Unlike other outfits, we don’t hit you up for money every month … or even every quarter. We ask only once a year. But when we ask, we mean it.
CounterPunch’s website is supported almost entirely by subscribers to the print edition of our magazine. We aren’t on the receiving end of six-figure grants from big foundations. George Soros doesn’t have us on retainer. We don’t sell tickets on cruise liners. We don’t clog our site with deceptive corporate ads.
The continued existence of CounterPunch depends solely on the support and dedication of our readers. We know there are a lot of you. We get thousands of emails from you every day. Our website receives millions of hits and nearly 100,000 readers each day. And we don’t charge you a dime.
Please, use our brand new secure shopping cart to make a tax-deductible donation to CounterPunch today or purchase a subscription our monthly magazine and a gift sub for someone or one of our explosive books, including the ground-breaking Killing Trayvons. Show a little affection for subversion: consider an automated monthly donation. (We accept checks, credit cards, PayPal and cold-hard cash….)
To contribute by phone you can call Becky or Deva toll free at: 1-800-840-3683
Thank you for your support,
Jeffrey, Joshua, Becky, Deva, and Nathaniel
CounterPunch PO Box 228, Petrolia, CA 95558
America’s "Money Honey" Does Davos
Looking tense and cold and a little dazed, Maria Bartiromo appears on the CNBC business channel screen in a Antarctica style parka to do her report from Davos, Switzerland where the world’s business elite have gathered at the World Economic Forum.
Ms. Bartiromo is a bit off her game because instead of reporting the news, she has become the news.
A strikingly attractive brunette nicknamed the "Money Honey" by Wall Street brokers, Ms. Bartiromo has been the subject of numerous articles in such mainstream media as the Washington Post, New York Times, and Wall Street Journal around the issue of her conflicted ties to a recently ousted Citigroup executive, Todd Thomson.
Mainstream media sees it this way: the valiant CEO of Citigroup, Chuck Prince, had to fire Mr. Thomson because he had stepped over the ethics line at Citigroup by using corporate assets to potentially influence a journalist. (Once one of these big media houses spins the story in that direction, the herd piles on, irrespective of where the facts lead.)
The real story, in my view, is that Ms. Bartiromo, a journalist, should not have been riding around on Citigroup’s private jet on speaking tours with Citigroup clients. She should not have been considering a $5 million TV show sponsorship by Citigroup while masquerading as an impartial business journalist on CNBC. (She has conducted at least 11 Citigroup interviews over a two year period.)
The real story, in my view, is that as far back as 2002, when Sandy Weill controlled Citigroup with an iron fist and Chuck Prince was his top lieutenant, Ms. Bartiromo was not sounding very much like an impartial journalist on the back jacket of "King Of Capital: Sandy Weill and the Making of Citigroup." Here’s what she said about a man who was about to explode in the news as the kingpin of one of the most corrupt businesses on Wall Street: "Sandy Weill is probably the best deal maker on the planet. He is truly one of the leading business titans of our times."
The real story is that CNBC did not can Ms. Bartiromo back in 2003 when she began an interview with Citigroup CEO Sandy Weill by announcing that she owned 1,000 shares of the company stock.
The real story is that Ms. Bartiromo is the new face of crony capitalism and the living embodiment of a corporate media that has lost its way so thoroughly that CNBC justifies Ms. Bartiromo’s actions by brushing away the conflicts as simply "source development."
The real story is that Ms. Bartiromo is, in fact, an embedded corporate reporter. She has served on so many Citigroup financed groups and speaking engagements that she has lost all sense of what journalistic integrity means. For example, in 2003, Ms. Bartiromo agreed to participate on a panel at the Business Council, a gathering of the nation’s top CEOs in Boca Raton. But there was a condition, she had to keep secret anything she heard inside the convention. She agreed.
Then there was last year’s CNBC Asia Business Leaders Awards event, jointly organized by CNBC and Citigroup. Held in Hong Kong at the Conrad Hotel, Ms. Bartiromo was one of the evening’s hosts.
Welcome to the new world order.
PAM MARTENS worked on Wall Street for 21 years; was an activist for reform during the past 10 years. She is now an independent writer living in New Hampshire. She can be reached at: Pamk741@aol.com