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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 18, 2009 Paul Craig Roberts 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 18, 2009 A Divine Indifference to Temporal MattersThe Pope's PredicamentBy CHRISTOPHER BRAUCHLI The trouble with being Pope is one must spend so much time contemplating things celestial that things terrestrial get overlooked. That helps explain the occasional papal activities that cause the non-papist to react with astonishment. In 2004 it was the promotion by Pope John Paul II of Cardinal Bernard Law, formerly of Boston, to Archpriest of St. Mary Major Basilica, that astonished. Cardinal Law’s promotion followed a tenure in Boston marked by priests under his jurisdiction engaging in inappropriate sexual conduct with young boys. After he was named in more than 500 sexual abuse related lawsuits he abandoned the $20 million three story church-owned house in which he’d been living, gave up being Cardinal and two years later moved into the Basilica in Rome. His new assignment was pleasant. The basilica in Rome had undergone extensive renovations and its occupant received a monthly stipend of $12,000. Commenting on his ascension, Mitchell Garabedian, a lawyer who represented a large number of the Boston sexual abuse victims said: “He apparently is being transferred to a position that is comfortable and appears to be some sort of reward. The Vatican either doesn’t understand the problem of clergy sex abuse, or it doesn’t care.” Pope Benedict XVI has now proved that he is as unconcerned with matters temporal as his predecessor. On January 25, 2009, out of the celestial blue, Pope Benedict announced that he was revoking the excommunication of four Bishops who had been ordained by Archbishop Marcel Lefebvre. The Archbishop himself was excommunicated in 1988 for consecrating the four bishops who, like him, rejected practices endorsed by Vatican II. One of the newly minted Bishops was Richard Williamson, a man who denied the holocaust. (Denying the holocaust was not his only claim to fame. He also publicly stated that September 11 was an event staged by George Bush in order to give him a pretext to invade Afghanistan). On January 25 the Vatican announced that Bishop Williamson’s excommunication was being lifted. Following the announcement it was disclosed that Benedict was unaware of Bishop Williamson’s views on the holocaust. On January 22, two days before his reinstatement was announced and expounding on his oft-stated views, Bishop Williamson told Swedish Television that no more than 300,000 Jews had died during WW II and that of those “not one of them by gassing in a gas chamber.” In an interview with Der Spiegel online 4 days after his reinstatement was announced, the bishop explained that the reason he did not believe the holocaust occurred was because of his research on the subject in the 1980s. He relied on the Leuchter report which said, among other things, that it was impractical to construct the gas chambers allegedly used to kill Jews and made many other bizarre claims to explain why the events never happened. He did not, apparently, spend any time reading any of the many criticisms of the report that might have given him pause. In response to a question as to whether he intended to visit Auschwitz in order to see it for himself, he indicated that that was not necessary. He was instead planning on reading a book called: Auschwitz: Technique and operation of the Gas Chambers. In that same interview, the interviewer observed that the bishop was consistently anti-Semitic to which he responded: “St. Paul put it this way: The Jews are beloved for the sake of Our Father, but our enemies for the sake of the gospel.” Pope Benedict was reportedly surprised at the bishop’s views. When he decided to re-communicate the bishop the Pope had neglected to first google him, a non-ecclesiastical process that would have disclosed the bishop’s peculiar views. Being now informed, the Pope has demanded that the bishop recant his views on the holocaust or remain an ecclesiastical outcast. Recanting is a way of saying publicly you no longer believe what your past actions indicate you clearly believe, thus enabling the church to save face. Joan of Arc’s recanting that she heard voices (a recantation she subsequently recanted resulting in her burning) and Galileo’s recanting his correct celestial theories are historical examples of the practice. I am sure the church will be glad to have Bishop Williamson recant since it will show that appearances sometimes to the contrary, the church does not tolerate anti-Semitism. [The day my most recent column about KBR was published a $579 million fine was imposed on it for paying $180 billion in bribes to get $6 billion in contracts in Liberia. The payments occurred when KBR was still part of Halliburton. Halliburton is the company of which Dick Cheney was president before he became vice-president of the U.S. Dick Cheney is an honorable man. He paid no bribes. They were paid by people who worked for him. The buck stopped with them.] Christopher Brauchli is a lawyer living in Boulder, Colorado. He can be reached at: brauchli1@comcast.net
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