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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 19, 2009 Harry Browne 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 19, 2009 State Department Calls Bolivian and Venezuelan Referendums "Democratic"A New Attitude at the White House?By LAURA CARLSEN There are early signs of change in the Obama State Department. In response to significant political victories by former Bush nemeses Hugo Chavez in Venezuela and Evo Morales in Bolivia, State Department spokespersons praised the democratic processes in these countries, indicating a more open attitude toward the growing independence of Latin American nations. Last week spokesperson Robert Wood established the administration's position on the referendum by calling it "an internal matter." When asked for his opinion on the Venezuelan vote, Duguid echoed that position saying it "was a matter for the Venezuelan people." A similar response came out of the State Department following the Jan. 25 vote on Bolivia's new constitution. Approved by 61%, the vote culminated a reform process that nearly tore apart the nation and left several dead in its wake due to the violent opposition of anti-Evo factions. The day after the vote, Wood congratulated the Bolivian people on the referendum and stated, "We look forward to working with the Bolivian Government in ways we can to further democracy ..." When asked if he believed the referendum furthers democracy, he replied, "A free, fair, you know, democratic process certainly does contribute positively." These might seem like standard-issue statements from a government commenting on matters pertaining to neighboring countries. But if the votes had taken place under the Bush watch, the response would have been much different. The Bush administration kept a pouty silence following President Morales' resounding victory in a recall referendum Aug. 10 as congratulations poured in from other nations. It remained similarly mute after the massacre of at least 25 peasants, supporters of the president, by opposition forces. After the U.S. ambassador was expelled, Bush cut off trade preferences to the country. In the case of Venezuela, the active hostility against the Chavez government was well known and heavily broadcast by the mainstream press. From not condemning the ultimately failed coup against Chavez in 2002 to frequent name-calling, the administration's relations with Venezuela reflected a permanent enmity that tended to be expressed in infantile, personal terms. In general, Latin America has welcomed President Obama with a combination of relief—Bush had a dismal approval rating throughout—and signs of good faith, suspending judgment as the new government defines its polices toward the region. Hopes for constructive engagement with the U.S. Government rekindled after the 2008 elections, especially within the countries deemed the bad guys under the Bush division of the hemisphere. The response to the referendums will bolster optimism that the government will move toward what Clinton, in her confirmation hearing, called a foreign policy based on "principles and pragmatism, not rigid ideology." There have been some other not-so-good signs though. Whether it's a lack of consistency among high-level diplomats, or the inertia of Washington, or indecision, members of the administration have also mimicked at times a paternalistic tone toward Latin America that characterized U.S. policy for far too long. Clinton and her second in command, James Steinberg, have on occasion described the continent as a "playing field" where a supposed lack of leadership on the part of the United States recently must be corrected so as not to cede ground to Hugo Chavez. The idea that maybe the continent's diverse nations don't need tutelage from anyone is absent. This is old-school thought—southern countries as geopolitical objects and not subjects in their own right. It doesn't live up to the promise for a "new face on U.S. diplomacy" that was promised for the region. President Obama faces a choice: to build good neighbor relations in the hemisphere or to actively oppose the democratic changes toward greater sovereignty, equality, and decolonization that are taking place. Obama and the leaders of Bolivia and Venezuela have declared a willingness to sit down and talk to one another. It is important to insist on direct diplomacy, based on mutual respect, so that the promised "change" leads to an improvement in relations that have been allowed to deteriorate for too long. |
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