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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 17, 2009 Michael Hudson 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 17, 2009 The Crisis Hits TurkeyUnrest in IstanbulBy MICHAEL DICKINSON Istanbul. On Sunday morning about 10 am the sound of loud blaring music and chanting invaded my flat, interspersed by the raised voices of angry speakers and cheers from the seafront square where rallies and political meetings are often held, not far from my flat in Kadikoy Istanbul. I vaguely wondered what it was about as I trawled YouTube via Ktunnel (YouTube is banned in Turkey) in search of suitable videos and material to add to Money-Free - http://money-free.ning.com/ , a website to which I belong dedicated to propagating the idea of a world without money. Although curious, I wasn't about about to go down to the square to find out. At a protest meeting there 3 years ago about the Israeli bombing of Lebanon I'd been violently arrested and carted off to the local police station in a very strange case of mistaken identity which featured on TV news and the front page of several newspapers the next day with photos of me being dragged away "saved from being lynched by a crowd of anti-Israel protestors" who supposedly thought I was a Jewish agitator because of the black skullcap I wear. I didn't feel like risking that again. Anyway it was cold out. I added Naomi Klein's ''The Take' to the website, a film about workers taking over a factory in Argentina; a 1974 TV production of GB Shaw's 'The Millionairess' starring Maggie Smith; 'Common People' by Blur, and an article about the strikes in Britain. Then I went out to teach my afternoon English lessons at a nearby Language school. It was cold and drizzling in the street and the sound of a strident speaker from the meeting carried in the air. A couple of students were waiting in the canteen when I arrived at 2. "We thought you might not be able to get here because of the police barricades," one said. "I didn't see any," I answered. "What's happening? What's the demonstration about?" "It's about the increase in unemployment," I was told. "They're calling a strike." "Whaat?” I exclaimed. “If I'd only known! Wait here. I'm going home to get something. I'll be back in 5 minutes." I dashed home and was soon back with what I had gone to collect - several sheets of paper displaying photocopies of 100 dollar bills which I proceeded to cut out. On the other side of each bill is a short message in Turkish, the translation of which goes:
I asked my students (a few more had arrived) if they would like to come with me to hand out the little flyers to people attending the rally, but they said they were afraid of being arrested, so I set them some translation work to do instead - ''The Emperor's New Clothes' - while I hurried off to the seafront on my own, telling them I'd be back in about 15 minutes. When I got there I was disappointed to find that the meeting had recently finished and the crowds were dispersing, wandering home in coats anoraks and scarves, some discarding their banners, flags and placards in the the traffic-free streets. There was still a huge presence of navy-blue uniformed armed police, some with riot shields, cordoning off areas of pavement, but some of their dark blue metal barricades had developed gaps for pedestrians and I got through to the main seafront road. Following the wending straggling crowd, not sure which might have been at the rally or which might just be pedestrians, I handed out flyers to those carrying rolled banners, men wearing orange plastic work-helmets, people carrying film cameras, long-haired bearded youths and others who just seemed to be right. A few reacted with suspicion, but most accepted the proferred fake dollars and looked at the message on the back. One young helmetted worker said: "This looks a good idea!" but there was no time for discussion. I had to get back for my lesson, and the flyers were running out. I did a loop and walked back the way I'd come, on the other side of the street, distributing what were left. A street-cleaner sweeping up the mess left behind refused to accept one. I had about 5 left as I handed one to a quartet of burly men in dark anaraks, one of them wearing orange gloves. I think that was the reason I gave one. I crossed over the road heading back for the school, when I was distracted by a pile of discarded lollipop protest pankarts and flags. I decided to take a couple back as souvenirs. As I was making my selection I heard a voice behind me. "Hey you!" I turned round and saw the quartet of burly anarak-wearers bearing down on me. "We're police! We think you should come along with us." "What on earth for? I haven't done anything wrong!" I gasped - (in Turkish, by the way.) "This!" says one goon, waving the flyer I'd given him. "Is it a crime to hand out leaflets in the street?" I inquired. "Everyone does it!" "But this could cause offense!" he wagged the flyer menacingly. "How could it?" I ask. "It's about justice, equality, freedom!" "It's against the law! Do you have any more of these things? Hand them over!" I relinquished my small stash of flyers and they demand to see some identification. I handed them my British passport, pointing out the recently stamped 3 month tourist visa. "Picture! Picture!" says one impatiently, and I show it at the back of the book. "Michael Dickin...," he reads. "I know him!" says one gravely. "Lebanon demonstration two years ago. Lynch...." "They thought I was an Israeli," I agree. "But it all ended up okay in the end." "All right, you can go," one said and they agreed. "But don't hand out any more of these things. It is forbidden!" "All right," I said with fingers crossed. "But don't forget to tell your friends about the idea!" They shrugged as they walked away and I breathed a sigh of relief still be free. Since my little Sunday outing I've learned more about the demonstration that I missed that day. It seems that the unemployment rate has recently passed 12.3%. The rally was attended by 40,000 workers, women's, students associations, groups and unions under the slogan “We Will Not Pay the Price for the Crisis: Labour and Democracy Rally for a United Struggle against Unemployment and Poverty.” Protesters shouted “Side by side against fascism” and “Long live revolutionary soldarity”, and there were speeches. Süleyman Çelebi, president of the D?SKtrade union federation accused the government: “Those who have ears but do not hear, those who have eyes but do not see, they cannot hear the voices of the ten thousands today, they cannot see us. We say no to job dismissals, unemployment and poverty. We say, do not use the crisis as an excuse to reduce wages. We want democracy and peace.” Sami Evren, leader of the KESK trade union federation said that the crisis was being used as an excuse to encourage the black economy. He called on Prime Minister Erdogan, saying: “You have ignored our labour. You have put our jobs and food at risk. You continue to take away our right to group contracts and the right to strike. Don’t think you can frighten us, we are here to show our courage." Global Soldarity! Michael Dickinson lives in ?stanbul. He can be found at http://money-free.ning.com/ or at michaelyabanji@gmail.com
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