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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 16, 2009 Patrick Cockburn 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 16, 2009 Ms. TantalusLivni's Bitter OptionsBy URI AVNERY Tantalus is punished by the Gods for reasons that are not entirely clear. He is hungry and thirsty, but the water in which he stands recedes when he bends down to drink from it and the fruit above his head continually evades his hand. Tzipi Livni is now undergoing a similar torture. After winning an impressive personal victory at the polls, the political fruit keeps slipping from her grasp when she stretches out her hand. Why should she deserve that? What has she done, after all? Supported the war, called for a boycott of Hamas, played around with empty negotiations with the Palestinian Authority? OK, she has indeed.. But such a terrible punishment? * * * HOWEVER, THE results of the elections are not as clear as they might seem. The victory of the Right is not so unambiguous. Central to the election campaign was the personal competition between the two contenders for the Prime Minister’s office: Livni and Netanyahu (or, as they call themselves, as if they were still at kindergarten, Tzipi and Bibi.) Contrary to all expectations and all polls, Livni beat Netanyahu. Several factors were involved in this. Among others: the masses of the Left were terrified by the possibility of Netanyahu winning, and flocked to Livni’s camp in order to “Stop Bibi!” Also, Livni – who was never identified with feminism – remembered at the last moment to call Israel’s women to her banner, and they hearkened to her call. But it is impossible to ignore the main significance of this choice: Netanyahu symbolizes total opposition to peace, opposition to giving back the occupied territories, to the freezing of the settlements and to a Palestinian state. Livni, on the other hand, has declared more than once her total support for the “Two-Nation-States” solution. Her voters opted for the more moderate line. True, the big winner in the elections was Avigdor Liberman. But his triumph is far from the fateful breakthrough everyone foresaw. He did not win the 20 seats he had promised. His ascent from 11 to 15 seats is not so dramatic. His party is indeed now the third largest in the Knesset, but that is less due to its own rise than to the collapse of Labor, which fell from 19 to 13. By the way, not one of the parties won even 25% of the vote. Israeli democracy is now very fragile indeed. The Liberman phenomenon is ominous, but not (yet?) disastrous. * * * HOWEVER, THERE is no way to deny the most significant message of these elections: the Israeli public has moved to the right. From Likud to the right there are now 65 seats, from Kadima to the left only 55. One cannot argue with numbers. What has caused this shift? There are several explanations, all of them valid. One can consider it as a passing phase after the war. A war arouses strong emotions – nationalist intoxication, hatred of the enemy, fear of the Other, longing for unity and for revenge,. All these naturally serve the Right – a lesson sometimes forgotten by the left when it starts a war. Others see in it a continuation of a historical process: the Zionist-Palestinian confrontation is becoming wider and more complex, and such a situation feeds the Right. And then there is, of course, the demographic factor. The rightist bloc attracts the votes of three sectors: the Oriental Jews (a majority of whom vote for Likud), the religious (who mostly vote for the fundamentalists) and the Russians (most of whom vote for Liberman). This is a group vote, almost automatic. Two sectors in Israel have an especially high birth-rate: the religious Jews and the Arabs. The religious vote almost unanimously for the Right. True, the Orthodox and the National-Religious parties have not increased their strength in the elections, probably because many of their natural voters chose Likud, Liberman or the even more extreme National Union. The Arab citizens almost completely abstained from voting for Jewish parties, as many of them used to in the past, and the three Arab parties together gained one more seat. The demographic development is ominous. Kadima, Labor and Meretz are identified with the old-established Ashkenazi sector, whose demographic strength is in steady decline. Also, many young Ashkenazis gave their votes – at least four seats worth – to Liberman, who preaches a secular fascism. They hate the Arabs, but they also hate the religious Jews. The conclusion is quite clear: if the “center-left” does not succeed in breaking out of its elitist ghetto and striking roots within the Oriental and Russian sectors, its decline will continue from election to election. * * * NOW MS TANTALUS must choose between two bitter options: to retire to the desert where there is neither water nor fruit, or to serve as a fig-leaf for an obnoxious coalition. Option No. 1: to refuse to join Netanyahu’s coalition and to go into opposition. That is not so simple. The Kadima party came into being when Ariel Sharon promised its members – refugees from right and left – power. It will be very hard for Livni to hold the lot together in opposition, far from the seat of power, far from the posh ministers’ offices and from luxurious official cars. That would give us a rightist government which includes open fascists, pupils of Meir Kahane (whose party was banned because of his racist teachings), the advocates of ethnic cleansing, of the expulsion of Israel’s Arab citizens and the liquidation of any chance for peace. Such a government would inevitably find itself in confrontation with the United States and in worldwide isolation. Some people say: that’s good. Such a government will necessarily fall soon and break apart. Thus the public will be persuaded that there is no viable rightist option. Kadima, Labor and Meretz will stew in opposition, and perhaps a real center-left alternative will come into being. Others say: too risky. There is no limit to the disasters that a Netanyahu-Liberman-Kahanist government can bring upon the state, from the enlargement of the settlements that will torpedo any future peace, to outright war. We can’t stake everything on one card, when the chip is the State of Israel. Livni’s option No. 2: to swallow the bitter pill, give in and join the Netanyahu government as a second, third or fourth wheel. In that case, she must decide at once, before Netanyahu establishes a fait accompli with an extreme-right coalition which Livni would then be invited to join as a junior partner. I shall not be surprised if President Shimon Peres takes the initiative unofficially and promotes this option – before starting, in a week’s time, the official process of consulting with the Knesset factions and entrusting one of the candidates with the task of forming a government. Could such a government move towards peace? Conduct real negotiations? Agree to the dismantling of settlements? Accept a Palestinian state? Recognize a Palestinian unity government that includes Hamas? Hard to imagine. In the best case, it will go on with the charade of meaningless negotiations, quietly enlarge the settlements, lead Barack Obama by the nose and mobilize the pro-Israel lobby in order to obstruct any real American moves towards peace. What was will be. * * * CAN ISRAEL change course? Can a real peace-oriented alternative arise? The two “Zionist Left” parties have been decisively beaten. Both Labor and Meretz have collapsed. Their two leaders who called for the Gaza War and supported it – Ehud Barak of Labor and Haim Oron of Meretz – have received the punishment they richly deserve. In a normal democracy, both would have resigned the day after the elections. But our democracy is not normal, and both leaders insist on staying on and leading their party to the next disaster. Labor is a walking corpse – the only “social-democratic” party in the world whose leader’s sole aim is to stay on as war minister. When Barak spread the mantra “there is no one to talk with” he overlooked the logical conclusion “therefore we don’t need anyone to talk with them”. The Labor Party has no party, no members, no political program, no alternative leadership. It will fail in opposition as it failed in government. Barring a miracle, it will end up in the junkyard of history. It will find Meretz already there. A socialist party that lost its way a long time ago: a party without any roots in the classes at the foot of the socioeconomic ladder, a party that has supported all our wars. Some believe in easy solutions: a union of Labor and Meretz, for example. That is a union of the lame and the blind. No reason to expect that they would win the race. * * * THE REAL task is far more difficult. A completely new building must be erected in place of the one which has collapsed. The need is for a new Left that will include new leaders from the sectors that have been discriminated against: the Orientals, the Russians and the Arabs. A new Left that will express the ideals of a new generation, people of peace, advocates of social change, feminists and greens, who will all understand that one cannot realize one ideal without realizing all of them. There can be no social justice in a military state; no one is interested in the environment while the cannons are roaring, feminism is incompatible with a society of machos riding on tanks, there can be no respect for Oriental Jews in a society that despises the culture of the Orient. The Arab citizens will have to leave the ghetto in which they are confined and start to talk with the Jewish public, and the Jewish public must talk with the Arabs on equal terms. The Liberman slogan “No Citizenship Without Loyalty” must be turned around: “No Loyalty Without Real Citizenship”. As Obama has done in the US, a new language, a new lexicon must be created, to replace the old and tired phrases. Much, much must be changed if we want to save the state. * * * AS FOR Ms. Tantalus: she can contribute to this process of change, or her torture will continue. Echoing Pyrrhus, king of Epirus and Macedon, she can well say: Another such victory and we are undone. Uri Avnery is an Israeli writer and peace activist with Gush Shalom. He is a contributor to CounterPunch's book The Politics of Anti-Semitism. |
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