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Today's
Stories
January 18,
2008
Ralph Nader
When
the Big Boys Get in Trouble, Who Pays the Ultimate Bill?
January 17,
2008
Paul Craig
Roberts
Leader
and Vassal
Christopher
Brauchli
The FBI's Bills Come Due
Robert Fantina
Leadership, Bush and the New York Times
Patrick Irelan
Eternal War
Paul A. Moore
When the Rich Pay No Taxes
Stephen Lendman
Institutionalized Spying on Americans
Beena Sarwar
Bhutto and the "State Within a State"
Walter Brasch
Buzzwords in the Echo Chamber: Change and the Establishment
Brenda Norrell
Bush Legacy in Texas Sours
Adam Federman
End of the Left?
Website of the Day
Democrats for Romney
January 16,
2008
Jeffrey St.
Clair
Return
of the Native
Franklin Lamb
The Bombing at Qarantina
Julian Sanchez
David Weigel
Who Wrote Ron Paul's Newsletters?
Sharon Smith
Ron Paul and the Left: a Slippery Slope?
Allan Nairn
Economic Indicator: No Free Lunch, No Free Market
Ayesha Ijaz
Khan
How the American Media Enables Bush's Iran Fixation
Andy Worthington
A Strategic Call to Close Guantánamo
Richard Behan
Nancy Pelosi, You Must Impeach!
Website of the Day
Obama the New JFK? He's Not That Bad!
January 15,
2008
Andrea Peacock
Breach
of Trust in America's Most Toxic Town: How the EPA is Rubbing
Poison Into Libby's Wounds
Wajahat Ali
An Interview with Seymour Hersh on Iraq, Bush Foreign Policy
and the Prospects of War with Iran
Joe Bageant
Getting Out the Bling Vote
Ralph Nader
The Candidate Taboos
John Ross
Zero Hour: NAFTA and Mexico's Agrarian Apocalypse
Elaine Cassel
Jose Padilla vs. John Yoo: Can a National Disgrace be Rectified?
Peter Morici
The Fed Needs More Than a New Communications Strategy
Beena Sarwar
Pakistan's Dirty Tricks Brigade
Robert Weissman
Big Business is Even More Unpopular Than You Thought
Binoy Kampmark
Going Tata in India
Dave Zirin
Dennis Brutus Smacks Down the Hall of Fame
Website of
the Day
David Lynch on the iPhone
January 14,
2008
Ishmael Reed
Ma
and Pa Clinton Flog Uppity Black Man
Roger Morris
Burials in the Sind
Uri Avnery
The
Hands of Esau
Mike Whitney
Bush's Voodoo Stimulus Package
Allan Nairn
General Suharto of Indonesia: One Small Man Leaves a Million
Corpses
William Blum
Oh, By the Way, the Iraqis Don't Really Want Us
Alan Farago
A Subprime Wake Up Call
David Macaray
Are Labor Unions Ready for Prime Time?
Eva Liddell
Getting Drunk with Obama
Zoe Blunt
Road Kill: New Highway Blocked by Protesting Raccoons
Website of the Day
Doug and Andrea Peacock on Grizzlies
January 12
/ 13, 2008
Andrew Cockburn
How
the New England Journal of Medicine Undercounted Iraqi Civilian
Deaths
Saul Landau
60
Years of Empire
Corey D. B. Walker
Barack Obama and the Crisis of the White Intellectual
Col. Dan Smith
Bush, Iran and the Magician of the Tarot
Eric Toussaint
The US Subprime Crisis Goes Global
Ron Jacobs
Television, Murder and Vietnam
Fred Gardner
The People vs. Christopher James Chakos
Stan Cox
Don't Take That Pill!
Jacob G. Hornberger
The Warfare State
Ramzy Baroud
The Good, the Bad and the Ugly
Joseph Grosso
The Anglosphere: a Special Relationship of Elites
David Díaz-Arias
Imagining An/Other Latin American Left
Stacey Warde
Before We Move On ...
Dan Bacher
Pumped to Extinction: the Decline of the Delta Smelt
Michael Dickinson
Georgie in Jesusland
Website of
Weekend
CounterPunchers Protest Outside NYT Offices
January 11,
2008
Dave Lindorff
Did
Hillary Really Win New Hampshire? More Questions About Diebold
Voting Machines
Paul Craig
Roberts
No
Escape from War and Unemployment
Andy Worthington
Six Years of Guantánamo
Kenneth Couesbouc
Banking on Thin Ice
Jeff Ballinger
Inside the Vienna Consensus
Christopher
Brauchli
Lethal Injection, the Supremes and China
Manuel Garcia, Jr.
Paying No Attention to the Presidential Campaigns
Andrew Silverstein
Bush's Weepy Visit to Jerasulem
Marwan Bishara
Bush in the Middle East
Robert Weissman
The First Amendment Gone Wild
Patrick Irelan
Damn the Small Boats!
Website of
the Day
Hillary and the Superdelegates: Or Why She Wins Even When She
Loses
January 10,
2008
Alexander Cockburn
Now
Nader Claims He Didn't Endorse Edwards
Bob Wing
Marqueece Harris-Dawson
Race Within the Race: Obama, the NH Vote and the Specter of Tom
Bradley
Michael Donnelly
White Women Gone Wild?
David Macaray
Three Big Reasons for the Decline of Labor Unions
China Hand
Bush's Delusional Policy Pushes Pakistan to Brink of Catastrophe
Ayesha Ijaz Khan
Saudi Arabia and Pakistan: Brotherly, Friendly Countries?
Rannie Amiri
Obama, Man of Kansas or Kenya?
Website of the Day
Iranian Video of the Hormuz Incident
January 9,
2008
Cockburn /
St. Clair
The
Empire Strikes Back
Dave Lindorff
The Bad News from New Hampshire: Death By Triangulation
John Chuckman
Pardon My Laughter: Watching the US Primaries from Canada
James Bovard
Stomping Freedom: Inside the Martial Law Act of 2006
Alan Farago
As Florida Sinks: the View from the Titanic
Russell Mokhiber
Why Picket the New York Times in DC on Friday?
William S. Lind
Kicking the Can Down the Road in Iraq
Peter Morici
Beyond the Sophistry: Why the Trade Deficit Matters
Josh Reubner
Sudan vs. Israel: Double Standard on Divestment
Mike Roselle
The Pursuit of Happiness
Website of the Day
Bottles of Tears on the Wall: Steve Perry on NH
January 8,
2008
Paul Craig
Roberts
No
Jobs for the New Economy (or the Old)
Russell Mokhiber
The Black Hillary: Obama is Just Another Political Sedative
Robert Fantina
The Gulf of Tonkin and the Strait of Hormuz
Dave Zirin
Butts on Parade
Shamako Nobel
I Am an Emcee: the Politics of Hip Hop
John Ross
Zapatista Women Encounter Themselves
Brenda Norrell
Apaches Defend Homeland from Homeland Security
Laura Carlsen
Why Bolivia Matters
Patrick Irelan
Remember the Maine!
Evelyn J. Pringle
The Holes in Bush's FDA
Jonathan M.
Feldman
After Iowa and New Hampshire: a Strategy for Rebuilding the Peace
Movement
Michael Dickinson
Playing Soldier
Website of
the Day
Sean Hannity on the Run!
January 7,
2008
Chris Floyd
There
Will Be Blood: But No Justice for Iraq Atrocities
John Blair
Remove That Man! Creeping Fascism in Indiana
Uri Avnery
The Case of the White Bird
Andy Worthington
Who Are the Gitmo Saudis?
Binoy Kampmark
Needling the Convict: Lethal Injection and the Supreme Court
David Macaray
Women on Strike
Ralph Nader
Obamarama: the Politics of the Smooth Mood
Michael Donnelly
It's the War Vote(s), Stupid!
Ron Jacobs
Ron Paul's Run: Is Being Against the War Enough?
Gideon Levy
The Hostile President
Dave Lindorff
A Real 9/11 Cover-Up? Sibel Edmonds, Turkey and the Bomb
Website of
the Day
Plagues and Pleasures on the Salton Sea
January 5 /
6, 2008
Douglas Valentine
Good
Guys in Black Hoods
Kevin Young
The
US Occupation and Popular Opinion in Iraq
Richard Rhames
Saddam
Who?
Saul Landau
Bush Snatches Defeat from Victory
Marc Lynch
Why Bush's Iran Strategy is Failing
Robert Fantina
Iowa, Democrats and the Iraq War
Donna Volatile
Antiwar Soldier: an Interview with Jonathan Hutto, Sr.
Jelle Bruinsma
Norman Finkelstein in The Netherlands
Bob Sutcliffe
Remembering Andrew Glyn, Rebel Economist
Harvey Wasserman
Anti-Nuclear Renaissance
Missy Beattie
Why Obama Can't Save Us
David Swanson
Remembering the Separation of Powers
Jacob Hornberger
The Importance of the Padilla Case
Shepherd Bliss
Survival Tools from Kokopelli Farms
Ron Jacobs
Bleeding Kansas
Poets' Basement
Patti Smith, B.R. Gowani and Peter Buknatski
Website of the Weekend
Jimmy Dean Sausage Call Complaint
January 4,
2008
Cockburn /
St. Clair
A
Good Night in Iowa
Jonathan Cook
War Crimes Airbrushed from History
Paul Craig Roberts
Thinking for Yourself is Now a Crime
Stan Goff
Ron Paul's Monkeywrench
Dave Lindorff
Clinton's Iowa Flop Exposes DLC Myths as Frauds
Niranjan Ramakrishnan
To Pindi Station
Allan Nairn
U.S. Elections Over Before They Began
Joshua Frank
The Failures of Sectarianism
Peter Morici
Economy on the Skids
Mary McInnis
Iowa Cocky-Us: How to be a Caucus Tease
Website of the Day
The Return of Obama Girl
January 3,
2008
Fatima Bhutto
Farewell
to Wadi Bua
Pam Martens
The
Free Market Myth Dissolves into Chaos
Joanne Mariner
The Presidential Candidates and Torture
Zoltan Grossman
Remember the '80s: Social Movements Between Woodstock and the
Web
David Domke
The Echoing Press and Huckabee
Norman Solomon
Edwards Reconsidered
Nikolas Kozloff
Return of the Faux Liberal
Jacob G. Hornberger
The Padilla Case and the Future of Habeas Corpus
Martha Rosenberg
Quit Picking on Huckabee's Son, Michael Vick
Russell Means
This Property is Condemned: a Notice to Those Occupying Lakotah
Lands
Website of the Day
WolfQuest
January 2,
2008
Jeff Taylor
The
Left and Ron Paul
M. Shahid Alam
The Life and Death of Benazir Bhutto: a Pakistani Tragedy
Gary Leupp
Madness Compounding Madness: Calls for Intervention in Pakistan
Paul Craig Roberts
Criminals with Badges
Heather Gray
Georgia's Racist Death Penalty
Fred Gardner
and Shobhit Arora
Dr. Strangelove's Nemesis
David Macaray
Labor Unions and Taft-Hartley
Benjamin Dangl
Fear and Loathing in Bolivia
January 1,
2008
Iain A. Boal
City
of Disappearances
B. R. Gowani
Benazir's Death in Crisistan
Shahid Mahmood
Bhutto and the Press
Linn Washington,
Jr.
Old Injustices Endure: From Crack Sentences to Racial Profiling
Harvey Wasserman
Taking Leonard Peltier to Iowa: the Moral Low Point of the Clinton
Era
John Ross
2008, Already a Year to Forget
Website of the Day
The Thrill is Gone: BB and Gladys
December 31,
2007
Alexander Cockburn
Goodbye
2007 and Good Riddance!
Tariq Ali
Pakistan, the Aftermath
Liaquat Ali Khan
The Perfidy of Pakistan's Rulers
Wajahat Ali
After Bhutto, a Nuclear Pakistan?
Robert Fisk
Who Killed Bhutto?
Ajai Sahni
Myths and Realities About Benazir Bhutto and Pakistan's Dark
Future
Marwan Bishara
You Say Talk, I Say Attack: The Middle East and the US Presidential
Election Campaigns
Uri Avnery
The Beilin Syndrome
Mark T. Harris
Does This Happen in Canada?
Brenda Norrell
Resistance and Censorship
Website of the Day
A People United Will Never Be Defeated
December 29
/ 30, 2007
Alexander Cockburn
Options
in America: Kill Yourself or Have a Baby
Tariq Ali
Indignation and Fear Stalk Pakistan
Fawzia Afzal-Khan
My Encounter with Benazir Bhutto
Gary Leupp
The U.S. and Pakistan After 9/11: Blowback from an Unholy Alliance
China Hand
Pakistan Stares Into the Abyss
Jacob Hornberger
Stop Medddling in Pakistan
John Chuckman
Pakistan and the Failure of Quick-Fix Politics
Missy Beattie
Evaluating Bush with the Bhutto Corruption Standard
Ralph Nader
Who Will Take the Next Step?
Fidel Castro
There Hasn't Been a Day in My Life When I Haven't Learned Something
Robert Fantina
The Sham of Homeland Security
Greg Moses
Beauty from the Heart of Texas
Catherine Lutz
What We Can Not See: Art and Bombing
Kristin Van
Tassel
Seeing in the Dark
Kim Nicolini
Redacted: Brian DePalma's Scream of Outrage
Phyllis Pollack
Keith Richards Runs With Rudolph Once More
Poets' Basement
Landau, Gibbons and Davies
Website of
the Weekend
Driving Karachi in Search of the Perfect Naan
December 28,
2007
Farzana Versey
The
Complex Electra
Wajahat Ali
A
Pakistani Requiem
Binoy Kampmark
Death in Rawalpindi: Bhutto and Her Legacy
Ayesha Ijaz
Khan
Not Dead Yet: The Pakistan People's Party Still Survives
Anthony DiMaggio
Turkey's Bombing of Iraq
Ray McGovern
Creeping
Fascism
Jim Goodman
Biofuels, the Biggest Scam Going
Ron Jacobs
Transcending the Colonizer's History: Iran, a People Interrupted
Russell Hoffman
Mini-Nukes by Toshiba
John Murphy
Greens Gone Wild
Website of the Day
Guiliani Campaign Official: "Only Rudy Can Defeat the Muslims"
December 27,
2007
Dilip Hiro
A
Tragedy Foretold: Will Bhutto's Death be a Boost for Her Party?
Murtaza Shibli
Who Killed Bhutto?
Stephen Soldz
Fallujah,
the Information War and U.S. Propaganda
Bill Quigley
Locked
Outside the Gates
Paul Craig Roberts
The Great American Lock-Up
Omer Subhani
Killing Bhutto: What Happens Next in Pakistan?
Marjorie Cohn
The Torture Tape Cover-Up: How High Does It Go?
Allan Nairn
Cataclysm By Money Whim
Jacob G. Hornberger
Smearing Ron Paul: Shame on the NYT
Norman Solomon
Channeling Suze Orman
Patrick Irelan
Rumsfeld Spills the Ink
Ben Tripp
Pass the Razor Blades
Website of the Day
Quagmire, For What It's Worth
December 26, 2007
Charles Tripp
From
One Saddam to Fifty
Paul Armentano
No-Knock, You're Dead
Rannie Amiri
Lebanon in Search of a Government
Stanley Heller
Brzezinski and Charlie Wilson's War
John Walsh
Two Unreasonable Men
Martha Rosenberg
The Strange Career of Scott Gottlieb
Norman Madarasz
Bolivia Amends New Constitution and Faces Mutiny from Within
Website of
the Day
Cockburn at the Battle of Ideas
December 25,
2007
Patrick Cockburn
Conscience
and Empire
December 24,
2007
Andrea Peacock
A
Dark Ride on the Border
Tariq Ali
Thinking of Edward Said
Uri Avnery
Help! A Ceasefire!
Jill Jameson
Burma is Not Back to Normal: A Trip from Rangoon to Mae Sot
Steve Melendez
Russell Means Goes to Washington
Mike Whitney
The Big Fix
Chuck Munson
Not Getting It About New Orleans
John Walsh
Clueless Crusaders
Farzana Versey
Tony Blair and the Hawking of Religion
Richard Neville
Dreaming of a White House Christmas
Website of the Day
Back in the USSR
December 22 / 23, 2007
Alexander Cockburn
Mike
Huckabee's Ascending Chariot
Ralph Nader
Politics
and Profits: How the Oil Cartel Gets Its Way
Andy Worthington
Intelligence Failures, Battlefield Myths and Unaccountable Prisons
in Afghanistan
Ahmad Faruqui
The Comedian of Pakistan
Bill Moyers
Society on Steroids
Rev. William
E. Alberts
Blessed are the Peacemakers
Timothy J. Freeman
From Kant to Lennon: Can War Really be Over?
Anthony DiMaggio
Democrats Continue to Capitulate on Iraq
Fred Gardner
Molecule of the Year, Cannabiodiol
Paul Krassner
Enhanced Hazing Techniques
Seth Sandronsky
17 Years of Meanness: Repealing California's Three Strikes Law
William Loren
Katz
Christmas Eve Freedom Fighters: Recalling the Battle of Lake
Okeechobee
Michael Dickinson
In the Dungeon of the Zabita
Ron Jacobs
Why Leon Russell Still Matters
David Vest
Doyle Bramhall's "Is It News?"
Poets' Basement
Orloski, Davies and Ford
Website of the Weekend
George W. Hates Santa
December 21,
2007
John Ross
New Massacres Loom in Mexico
Jacob Hornberger
Nothing Can Morally Justify the Invasion of Iraq
Dick J. Reavis
A
Way Out of the Newspaper Abyss
Jeff Cohen
and Norman Solomon
The 2007 P.U.-litzer Prizes
Peter Morici
Business as Usual as Recession Looms
Jack McCarthy
Let Us Now Praise Judith Regan (Even If She Did Sleep with Bernie
Kerik)
Raúl Zibechi
Sex and Revolution
Steve Early
How the Presidential Candidates Made Me an Atheist
David Macaray
Union Aftermath
Patrick Bond
Zuma, the Center-Left and the Left-Left in S. Africa
Lakota Freedom Delegation
A Declaration of Independence from the USA
Website of
the Day
Solomon v. Beck: Tale of the Tape
December 20,
2007
David Rosen
Mitt
Romney's Secret Life as a Pornographer
Alan Farago
The
Huckster and the Wreckage: Jeb Bush and the Subprime Mortgage
Crisis
Laura Carlsen
Standing Up to NAFTA
Ashley Dawson
The Return of the Bread Riot
Wayne Smith
and Jennifer Schuett
Cuba Changes, US Policy Stagnates
Website of
the Day
How to Talk to a FoxNews Reporter
December 19,
2007
Saul Landau
Is
the NIE Bush's Watergate?
Paul W. Lovinger
Hillary the Hawk
Norman Solomon
The Mad Corporate World of Glenn Beck
Dave Zirin
George Mitchell's Drugs of Choice
Marjorie Cohn
Bush Still Spinning Iranian Nukes
Sen. Russell
Feingold
The Iraq War is Exhausting Our Nation
Sonja Karkar
A Christmas Reflection on Palestine
Anthony Papa
Open the Drug Gulags
Christopher Ketcham
Pave the Holy Lands with Good Intentions
Davey D
Britney's Little Sister is Pregnant: Should We Blame Hip Hop?
Website of
the Day
When Republicans Use the F-Word on TV
December 18,
2007
R. F. Blader
The
Politics of Teen Pregnancy
George Wuerthner
Gunning for Wolves in Idaho
Steven Higgs
Can the NAFTA Superhighway be Stopped?
Vijay Prashad
Encounters with Ghadar
David Macaray
The Free Rider Problem
Ralph Nader
Nine Books That Make a Difference: a Reading List for the Holidays
Eva Liddell
Privatizing War Abroad, Invading Privacy at Home
Martha Rosenberg
While the Bodies are Still Warm: Drugs, Shrinks and Shooters
Dave Lindorff
When Impeachment is Out of Print
Peter Morici
The Consequences the Trade Deficit
Website of
the Day
Ron Paul: How Fascism Will Come to America
December 17,
2007
Mike Whitney
Staring
Into the Abyss
Tom Barry
Planning
the War on Immigrants
Uri Avnery
A
Gaza Masada?
Greg Moses
Crossing the Line in Texas
Allan Nairn
Terrorism; Counter-
Terrorism: Excuses for Murder
Patrick Bond
South Africa's Fight Between Hostile Brothers
Stephen Lendman
Police State America
Charles Jonkel
Grizzly Right of Way
Laray Polk
An Inside-Out Crisis in Gaza
Stephen Fleischman
Pawns in Their Game
December 15
/ 16, 2007
Peter Linebaugh
A
People's Penny for the Magna Carta
Howard Zinn
Bomb After Bomb
Standard Schaefer
The Greening of Big Tobacco
Raymond J.
Lawrence
Let's Take Christ Out of Christmas
Alan Farago
Down on Desolation Row: the Vultures and the Growth Machine
Saul Landau
Lord Byron and the Bad Tourists
Jenna Orkin
Lying to "Reassure" the Public: Bush's EPA and the
Post-9/11 Toxic Air Cover-Up
Ahmad Samih
Khalidi
Why a Palestinian "State" is a Punitive Construct
Robert Fantina
Politics By Photo-Op
Missy Comley
Beattie
Resistance Amid the Ruins
Ramzy Baroud
Of Mormons and Muslims
James L. Secor
A Vision for China's Future
Elijah Wald
Ike Turner's Music Won't be Forgotten
Website of
the Weekend
The Alliance for the Wild Rockies Needs (and Deserves) Your Support
December 14,
2007
JoAnn Wypijewski
The
Dirty Cad: What Giuliani's Sex Life Tells Us About Him
John Ross
Iraqi
Refugees Return: One Cruel Hoax
Jacob Hornberger
Terror Suspects Belong in Federal Court
Andy Worthington
Guantánamo and the Supreme Court: What Happened?
Allan Nairn
"Shoot Them on the Spot": Rewarding War Crimes
Dave Zirin
The Mitchell Report: Absolving the Owners
Dave Lindorff
The First Cut is the Deepest
Misty MacDuffee
Toxic Grizzlies
Ben Terrall
What Happened to Lovinsky Pierre-Antoine?
Dr. Mustafa
Barghouthi
Prerequisites for Peace
Website of the Day
Sen. Kit Bond: "Waterboarding is Like Swimming"
December 13,
2007
Paul Craig
Roberts
Shrinking
the Dollar from the Inside-Out
Mike Whitney
Dershowitz for the Defense--of Waterboarding
Ron Jacobs
Blank Check DemocratsL the Great War Funding Conspiracy
Norman Solomon
The USA's Human Rights Daze
Peter Morici
The Dragon and the Toothless Dog: China Doesn't Flinch
Sandy Mayes
Blocking the Strykers: 13 Days of War Resistance at Port Olympia
Franklin Lamb
The UN in Lebanon: Whose Mission Is It Fulfilling?
Jacob Hornberger
Don't Reform the CIA, Abolish It
Nadim Rouhana
An Interloper in My Own Land
Dave Zirin
On Pigskin and Petrol
Website of the Day
Rachel's Needs (and Deserves) Your Support!
December 12, 2007
Allan
Nairn
US Intelligence is Tapping Indonesian
Phones
Alan
Farago
How Sprawl Eats Its Young
Ray
McGovern
Torture, Lies and Videotape
Winslow
T. Wheeler
The Phony Pentagon Budget Cuts
Evan
Jones
The Raid on Great Western: Why an Australian Bank Might Spell
Doom for the US Farm Belt
James
Petras
An Open Letter to Sarkozy on the Exchange of Political Prisonsers
Joel
Hirschorn
The Horserace Fiction: Clinton, Obama and the Democratic Machine
Joshua
Frank
Why Ron Paul Deserves Our Attention
Sherry
Wolf
Why the Left Should Reject Ron Paul
Dan
Bacher
Survey of a Fish Graveyard
Website
of the Day
Men Eating Bugs
|
January
17, 2008
From Sound to Slush
The
Stimulus and the Meltdown
By ALAN FARAGO
It is astounding: if you only read the
mainstream media (with a few notable exceptions like the New
York Times or the Wall Street Journal) you would wake up to this
morning's headline in The Miami Herald, "How would an economic
stimulus package help South Florida", and wonder: since
when did we need an economic stimulus package?
It is as though we went from
President Bush's, "our economy is sound" straight to
a serious recession, stopping off to touch on the subprime mortgage
crisis.
An economy doesn't go from
sound to slush in four months.
The economic distress we are
experiencing has been building for seven years and could have
been reported as such-- since the Republican drunken sailors
took control of Congress and the White House (and Florida) and
used the building boom and associated infrastructure madness
to funnel campaign contributions into political war chests.
It didn't work out very well,
did it? But you won't hear that from the mainstream press.
(In 2005, in Miami-Dade, Florida's
largest and most politically influential, county planners tried
to rebut the blitzkrieg of applications by developers to move
the urban service boundary to plow more platted subdivisions
in farmland and open space bordering the Everglades. Planners
showed maps and statistics how the boom was a bubble and that
building permits soared far beyond any norm or historical average.
The Miami Herald didn't even think the presentation or its implications
to be newsworthy or worth editorial comment.)
The national recession upon
us is a reflection of 100,000 similar circumstances across the
United States: of local government and zoning councils folding
neatly into the meringue of Wall Street compensation schemes
and the most egregious asset bubble in modern history-- far outpacing
the consequences of the internet stock mania.
The Fourth Estate has been
as delinquent reporting the national economic morass as its failure
to report the lies and misinformation that led to the war in
Iraq.
Yesterday, the Wall Street
Journal showed in its own form of Rip Van Winklism: "Financiers
reap riches even as deals wobble". It's the center of page,
above the fold story, "At every level of the financial system,
key players... often get a cut of what a transaction is supposed
to be worth when first structured, not what it actually delivers
in the long term."
Well, the point is that the
mainstream press never questioned whether the trillion and a
half dollars of debt that fueled the housing bubble, generating
massive fees to bankers, lawyers, and the lobbying class, was
a Ponzi scheme for which no one will ever go to jail.
A few years ago, Warren Buffett
called securitized debt: "weapons of mass financial destruction."
He was right, and those weapons of mass financial destruction
are exploding, now, all over the place.
Look: to understand the consequences
to the economy was not like reading tea leaves. It just wasn't
reported, as such.
Last March 9th, the inside
pages of the Miami Herald business section published a story
on the severe distress of Modernage Furniture: "Modernage
Furniture, one of South Florida's oldest names in retailing,
is on the verge of going out of business. The end may be near...
The company is running aggressive promotions in an attempt to
boost sales. With South Florida roots dating back to 1940, Modernage
is making a last stand."
By April, the company was done.
On the blog (<http://eyeonmiami.blogspot.com>http://eyeonmiami.blogspot.com),
I wrote: "Of itself, the 72 (Modernage) employees who will
lose their jobs are a statistical blip. Even the fact that its
parent company, Leath Furniture, is reportedly in financial straits
will not register on any economic seismic recorder... But the
troubles of Modernage Furniture is an early sign how the aftermath
of the housing market crash will lead to a major recession in
the United States. ... Banking regulatory officials continue
to state the case that the impacts to the economy from the collapse
of the subprime mortgage market are contained and limited."
And so they did, all through the summer of 2007, and reported
dutifully as such by the mainstream press.
It is as though newspaper publishers
and editors closed their eyes and walked blind-folded through
the past year on the economic front and just took the blind-fold
off.
Here's a tip for mainstream
media reading this blog: take a look at how Florida, the state
that couldn't count ballots in the 2000 presidential election
has deformed the petition verification process for citizen initiatives
to change the Florida constitution by referendum. There is a
February 1st deadline to certify more than 750,000 petitions
filed by Florida Hometown Democracy to qualify for the November
2008 election, and it has been hopelessly bungled by the Florida
Division of Elections.
There is no coincidence, that
the same forces who propelled Jeb Bush to two terms as Florida
governor, beginning in 1998, and George W. Bush to president
in 2000, are scared to death of the incipient revolt by Floridians
against the economic elite, against the way development is permitted
in Florida. Florida Hometown Democracy is a grass-roots effort
seeking to take decision-making for long-term development away
from corrupt local legislatures and require a popular vote.
They don't want to mix a state-wide
ballot referendum that focuses the public wrath on fraud and
the housing bust with a presidential election. In that case,
the Democratic candidate for president would have the upper hand.
To the Chamber of Commerce,
Associated Industries of Florida, and the builders: Florida Hometown
Democracy is hateful. It is a citizen's initiative the Miami
Herald has scarcely reported, at all.
Alan Farago of Coral Gables, who writes about
the environment and the politics of South Florida, can be reached
at alanfarago@yahoo.com.
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