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Why Blacks Keep Quiet About Obama
“Comedian Jon Stewart asked Obama, if elected, ‘Will you pull a bait and switch and enslave the white race?’ Kinda funny. Except that’s precisely the sentiment that underlies white race fear.” Read Kevin Gray’s compelling report in the new edition of our subscriber-only newsletter. PLUS Would the US politically exploit Myanmar’s killer cyclone? Would Laura Bush be the pitcher in this dirty game? You bet. Read Peter Lee’s savage dispatch. PLUS You breathe, you die. Jeffrey St Clair on L.A.’s Weapon of Mass Destruction. Get your copy 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 June 10, 2008 James G. Abourezk Saree Makdisi June 9, 2008 Uri Avnery Nikolas Kozloff Allan Nairn Dennis Loo Harry Browne C. Hand Peter Morici Kenneth Couesbouc Martha Rosenberg James L. Secor Website of the Day June 7 / 8, 2008 Alexander Cockburn Ishmael Reed Jeffrey St. Clair Nikolas Kozloff Dave Lindorff Robert Fantina Conn Hallinan Neve Gordon Tom Barry Patrick Irelan Tim Wise David Ker Thomson Joshua Frank David Yearsley James T. Phillips Joe Allen P. Sainath David Macaray B.R. Gowani Fred Gardner Peter Harley Michael Dickinson Jen Roesch Poets' Basement Website of the Day
June 6, 2008 Frank Barat Patrick Cockburn Gary Leupp James Abourezk Peter Morici Faheem Hussain Andy Worthington Ayesha Ijaz Khan Dave Lindorff Website of the Day June 5, 2008 Patrick Cockburn Sharon Smith Nikolas Kozloff Linn Washington, Jr. Omar Barghouti Scott Pellegrino John Walsh Dan Bacher DC Larson Robert Jensen Website of the Day June 4, 2008 Eric Walberg Gary Leupp Ralph Nader Dave Lindorff George Wuerthner Victor M. Rodriguez Remi Kanazi Stephane Luçon Farzana Versey Laray Polk Website of the Day June 3, 2008 Paul Craig Roberts / Mike Whitney Steve Early Manuel Otero George Bisharat Nikolas Kozloff Dan Bacher Website of the Day June 2, 2008 Uri Avnery Nikolas Kozloff Allan J. Lichtman Malini Johar Schueller Robert Weissman Peter Morici Manuel Garcia, Jr. John Ross Ahmad Al-Akhras Website of the Day May 31 / June 1, 2008 Alexander Cockburn Jeffrey St. Clair Gary Leupp Stan Cox Rannie Amiri P. Sainath Binoy Kampmark Robert Fantina Seth Sandronsky Corporate Crime Reporter Anthony DiMaggio Karl Grossman Matt Reichel Paul Myron Hillier Andy Worthington David Yearsley Daniel Cassidy Charles Thomson Gary Corseri Wajahat Ali Ron Jacobs Poets' Basement Website of the Day
May 30, 2008 Bassam Aramin Andrew Cockburn Saul Landau Nikolas Kozloff Robert Sandels Dave Lindorff Martha Rosenberg Harvey Wasserman Doug Giebel Shaun Harkin Website of the Day May 29, 2008 Jeffrey St. Clair Nikolas Kozloff Col. Dan Smith Karl Grossman William S. Lind Robert Weissman Dave Lindorff David Macaray Chris Genovali Laura Carlsen Website of the Day May 28, 2008 Wajahat Ali Ralph Nader Brian McKenna Corporate Crime Reporter Brian Cloughley Eric Walberg Michael Dickinson Ijaz Khan Website of the Day May 27, 2008 Alexander Cockburn Greg Kafoury Jean Bricmont Tim Wise Ricardo Alarcón Stephen Soldz Andy Worthington Alan Singer Richard Neville Susie Day May 26, 2008 Uri Avnery Bill Quigley Col. Dan Smith Cindy Sheehan Marjorie Cohn Fred Gardner Raymond J. Lawrence Harvey Wasserman Moncia Benderman David Rovics Website of the Day May 24 / 25, 2008 Alexander Cockburn Jeffrey St. Clair Barbara Rose Johnston Nikolas Kozloff Adriana Kojeve Robert Fantina Dave Lindorff David Yearsley Nelson P. Valdés Kathleen M. Barry John Ross Allison Kilkenny Fred Gardner Elizabeth Schulte Daniel Gross Christopher Brauchli Richard Rhames Daniel Cassidy Poets' Basement Website of the Weekend
May 23, 2008 Paul Craig Roberts Alan Farago Conn Hallinan Mark Engler George Wuerthner Kamran Matin Sandy Boyer / Robert Weitzel Cindy Sheehan Liaquat Ali Khan Website of the Day
May 22, 2008 Vijay Prashad Joanne Mariner Sharon Smith Jeff Birkenstein Brendan McQuade Peter Morici Niranjan Ramakrishnan Dave Zirin Ron Jacobs Stephen Lendman Website of the Day May 21, 2008 Jeffrey St. Clair Nikolas Kozloff Alan Farago Dave Lindorff David Model Eric Walberg Franklin Lamb Kenneth Couesbouc Website of the Day
May 20, 2008 Ralph Nader Uri Avnery Patrick Irelan Ray McGovern David Macaray Chris Genovali Ibrahim Fawal Christopher Ketcham Andy Worthington Martha Rosenberg Website of the Day May 19, 2008 Saul Landau Paul Craig Roberts Brian McKenna Patrick Cockburn B. R. Gowani Dr. Trudy Bond Cindy Sheehan John Mohawk Remi Kanazi Robert Day Website of the Day |
June 10, 2008
Legalizing Pollution John McCain and the Company He KeepsBy ALAN FARAGO Yesterday, the US EPA—the nation’s top environmental agency-- decided that regulating the movement of polluted water from one water body to another: from a river or stream, by pump, to canal or to Florida's Everglades is not a federal responsibility. “In a decision with national implications that appears to defy a 2006 ruling by a Miami federal court judge, the EPA announced it would not require federal permits for “transfers” of water from one body to another for water-supply, flood-control, irrigation and other common purposes—no matter how dirty that water might be.” (Miami Herald, “EPA refuses to limit dirty-water transfers”, June 10, 2008) The State of Florida, through its water management district in South Florida, approved. Why would that be? The answer is simple: top business leaders in Florida long ago decided to fuel future growth of cities and suburbs by moving water from so-called surplus areas to areas that overdeveloped and tapped out, cheaply available fresh water supplies. Moving water through costly energy and engineering-intensive industrial water supply and polishing infrastructure is a political gold mine, with spigots all along the way. This spigot effect of growth depends on avoiding the costs of pollution; the same is also true of Wall Street. Congress and the White House allowed the proliferation of toxic debt to move from one body—like a pool of mortgages containing lots of liar loans—to another body—like derivatives and insurance measured in the trillions, putting ratings agencies in the same role as EPA: on the side of polluters as a matter of political expediency and reward. There is nothing, then, coincidental in the emergence of Florida’s Al Hoffman as a top fundraiser for McCain’s presidential campaign or of former Senator Phil Gramm, as top economic advisor. Hoffman was a major Florida developer: his company, WCI Communities Inc., was a high flyer in the run up to the housing bust. Like other multi-millionaires minted from development, Hoffman salted away enough from platted subdivisions and condo mishaps, cratering now in someone else's balance sheet, to skate through the aftermath. In 2003, Hoffman crowed to The Washington Post that suburban sprawl was "an unstoppable force." Last year, his former company could scarcely find a buyer. In 1998 and 2002, Hoffman was finance chair for Jeb Bush campaigns as governor. He was also finance co-chair of the 2000 George W. Bush campaign. In 2001 Governor Jeb Bush appointed Hoffman to be chairman of the state’s business planning organization, The Council of 100. Hoffman lead the Council to the outcome that Governor Jeb Bush had decided long before: to promote state policies enabling the transfer of water supply from one area of the state to another. Of the EPA decision yesterday, an environmental attorney told The Miami Herald: “Instead of stepping in to tighten clean-water protections and clean up the pollution the EPA has now chosen to legalize it. It is shameful.”. So, too, is it shameful that the Federal Reserve opened its window to private banking and financial institutions, mainly operated by Republican loyalists, suddenly buried under tens and hundreds of billions in losses. The Bush White House calls the direct loans to private banks a necessary step for the stability of the nation's financial system. The free flow of toxic debt, with scarcely any regulation at all, has triggered the worst credit crisis since the Great Depression. Banks are scurrying to foreign governments—some hostile to US policies—for infusions of capital. One of the key players behind the Wall Street greed leading up to the crisis of the US economy is another McCain advisor, former Texas Senator Phil Gramm. While Senator and chairman of the powerful US Senate Committee on Banking, Housing, and Urban Affairs, Gramm presided over and later lobbied for relaxation of supervision and regulatory oversight of the nation’s financial engineers, including hedge funds and the magical confections of debt and insurance arrangements on toxic debt that rained billions in fees and commissions on their originators. Between 1992 and 2000, he received over $1 million in campaign contributions from Wall Street. Gramm, today, is a vice-chairman of UBS, the European bank hardest hit with untold billions in losses from investments in the US mortgage and derivatives markets. According to Bloomberg, UBS shareholders have lost nearly half their value this year. (“UBS Falls After Saying More Mortgage Losses Possible”, May 28, 2008, Bloomberg) EPA’s rubber stamping of pollution, allowing unsustainable growth policies in important states like Florida to move forward, is to the environment as the willful federal abrogation of supervision of exotic debt instruments is to the world economy. Allowing polluted water to move from one water body to another, without limits or interference by laws, is no different from what is occurring in the vast, trillion dollar credit markets under unparalleled pressure. That the Republican Party, the presumptive party of fiscal conservatism, presided over the deterioration of meaning and contracts and law is astounding. So when Senator John McCain claims that his presidency will be different—that he is "a fiscal conservative"—he invites incredulity. In the 1980’s, Senator McCain nearly ruined his political career by rushing to defend Charles Keating, a big campaign contributor and then a powerful banker wrapped up in fraud and racketeering charges during the Savings and Loan debacle. With Hoffman and Gramm at his side today--McCain can hardly claim he learned from experience. We are certainly poorer for it. Alan Farago lives in south Florida. He can be reached at: afarago@bellsouth.net
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