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As John Mearsheimer and Stephen Walt's long awaited "The Israel Lobby and U.S. Foreign Policy" draws hysterical abuse, former CIA intelligence officers Kathy and Bill Christison define the Lobby's real nature, trace its history, and measure its actual power. Get your copy today by subscribing online or calling 1-800-840-3683 Remember contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now
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September 27, 2007 Alan
Farago Andy
Worthington Jonathan
Cook
Bill
Quigley Paul
Craig Roberts Jeff
Kisseloff China
Hand Behzad
Yaghmaian Sonja
Karkar Mike
Ferner Col.
Dan Smith Clifton
Ross Brenda
Norrell Website
of the Day
September 25, 2007 Nicole
Colson Uri
Avnery Brendan
Cooney Harry
Browne Marjorie
Cohn David
Macaray Ralph
Nader Dan
Bacher Anthony
Papa Christopher
Ketcham Website
of the Day
September 24, 2007 George
Ciccariello-Maher Saree Makdisi David
Keen Sherwood
Ross Ron
Jacobs Donna
Saggia Mike
Ferner Malini
Johar Schueller Monique
Dols Website
of the Day
Alexander
Cockburn Jennifer
Loewenstein Linn
Washington, Jr. Jeffrey
St. Clair Alan
Farago Brian
Cloughley Robert
Fantina Roxanne
Dunbar-Ortiz Jason
Hribal David
Rosen Mike
Whitney John
V. Walsh Dave
Lindorff David
Michael Green Fred
Gardner Cassandra
Jones Roger
van Zwanenberg Poets'
Basement Website
of the Weekend
September 21, 2007 Karim
Makdisi M.
Shahid Alam Alan
Farago Joshua
Frank Dave
Zirin Kenneth
Couesbouc Dr.
Steffie Woolhandler and Dr. David Himmelstein Ben
Terrall Steve
Fournier Frederico
Fuentes, et al Website
of the Day
September 20, 2007 Kathleen
Christison Zoltan
Grossman Paul
Craig Roberts Stan
Cox Russell
Mokhiber Charles
Modiano Raymond
J. Lawrence Brendan
Cooney Website
of the Day
September 19, 2007 Paul
Craig Roberts Paul
Krassner Sgt.
Martin Smith Seth
Sandronsky Claud
Cockburn Victoria
Buch Robert
Weissman Mike
Ferner Dan
Bacher Website
of the Day
September 18, 2007 Mike
Whitney Alan
Farago John
Ross Ron
Jacobs Alex
Doherty September 17, 2007 Marjorie
Cohn Paul
Craig Roberts Ricardo
Alarcón Marc
Levy Eva
Liddell Website
of the Day Sept. 15-16, 2007 Alexander
Cockburn Vicente
Navarro Mike
Whitney Herman
Mindshaftgap Ellen
Cantarow Jordan
Flaherty Zachary
Hurwitz September 14, 2007 Debbie
Nathan Franklin
Lamb Patrick
Cockburn Farzana
Versey Alan
Farago Hank
Edson September 13, 2007 Patrick
Cockburn Scott
Vest, former Air Force Captain at Minot Andy
Worthington Michael
Baney Dr.
Susan Block September 12, 2007 Paul
Craig Roberts Stan
Goff William
Blum Manuel
Garcia Debbie
Nathan September 11, 2007 Patrick
Cockburn Iain
Boal Michael
Dickinson Guerry
Hoddersen Bill
Hatch Gary
Leupp Website
of the Day September 10, 2007 Uri
Avnery Patrick
Cockburn Saul
Landau and Farrah Hassen David
Michael Green Pius
Adesanmi Betty
Schneider September 8 / 9, 2007 Alexander
Cockburn Saul
Landau Ismael
Hossein-Zadeh Ray
McGovern Matthew
Abraham Alan
Farago Christopher
Brauchli Rannie
Amiri Fred
Gardner James
L. Secor Missy
Comley Beattie Ben
Tripp Francis
Boyle Joe
Allen and Paul D'Amato Website
of the Weekend
Robert
Fantina John
Ross James
Brooks Russell
Mokhiber Joshua
Frank John
Walsh Mark
Brenner Mike
Ferner Website
of the Day
September 6, 2007 Kathleen
and Bill Christison Allan
J. Lichtman Norman
Solomon Yifat
Susskind Catherine
Fenton Laura
Santina Farzana
Versey Yves
Engler Kelly
Overton Michael
Simmons Website
of the Day
September 5, 2007 Stan
Goff Michael
Dickinson Matthew
Abraham Patrick
Cockburn Dave
Lindorff Paul
Craig Roberts Clifton
Ross Elizabeth
Schulte Joseph
Grosso Ben
Terrall Website
of the Day
September 4, 2007 Jean
Bricmont Patrick
Cockburn Ron
Jacobs Tom
Kerr Gary
Leupp Sonja
Karkar Heather
Gray Fidel
Castro Jackie
Corr Sunsara
Taylor Website
of the Day
September 3, 2007 Patrick
Cockburn Eamon
McCann Joshua
Frank Chris
Floyd Marjorie
Cohn Walter
Brasch Matt
Reichel Website
of the Day
September 1 / 2, 2007 Alexander
Cockburn Andy
Worthington Saul
Landau David
Keen Patrick
Cockburn Diana
Johnstone George
Longstreth, MD Linda
M. Woolf Ralph
Nader Fred
Gardner Ben
Tripp David
Michael Green Missy
Comley Beattie Michael
Dickinson Paul
Krassner Ron
Jacobs Poets'
Basement
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September 27, 2007 What Congress Won't Hear from Wall StreetHousing Market Crashes and BurnsBy ALAN FARAGO Why did the bank thief in Homestead, Florida think he could get away with using a stolen backhoe "to lift and haul away a drive-through ATM from a Bank of America early Tuesday"? Because that's pretty much how it works in Homestead, where political cronies run a once-rural now sprawl ridden community like their own ATM. Homestead abuts two national parks that define the Everglades. The transformation of Homestead, in defiance of economic opportunites that might have been embraced by a gateway community to national parks, happened at a blazing pace during the building boom. Its political and economic elite did not only look away from the environment, it demonized civic activists and those who disagreed with the primacy of bulldozers, graders, and drag lines. For decades, Homestead businessmen enviously watched their neighbors to the north cash in on the opportunities of sunshine, tourism, and warm winter beaches, chafing for their moment to cash in. Most Florida communities have been throwing up road blocks to Walmarts, in a desperate effort to preserve character of place. But in Homestead-the last vestige of Florida's agricultural past in southeast Florida and in the state's largest county-it's all for sale, all the time. With the bulging tourism economy of the Keys to the south, Homestead potato and tomato farmers and bankers (whose loans to land owners were tied to the speculative value of farmland) felt like fishermen at a weir in the stream, just waiting for population growth to push enough people down the Florida Turnpike to tip the scales from the quiet sleepy life to strip malls, multiplexes, auto dealerships, speedways, trains, road widening, highway interchanges, and airports. In the mid-1990's, after a devastating hurricane, with open arms the Homestead cronies intended to welcome the privatization of a military base (Homestead AFB) but got all tangled up in violations of the law and environmental barriers. This is one of the more interesting phenomenon, that manifested in places like Homestead and other special places in America bordered by fragile natural resources. Today, the landscapes that needed to be protected were vacuumed up by an industry that leaves a footprint as permanent as concrete building pads. Now that production home builders are slashing prices by as much as 50 percent just to push back against the worst entropy in housing markets in recent history, a question arises: throughout the housing boom, environmentalists and civic activists were challenged to be even half right about their claims to protection of law, clean air, water, fisheries and protections for public space. The environment and the economy was painted to be just such a balance: fifty / fifty, half and half. So now that publicly traded production homebuilders, many of whom were active in Homestead and Miami, are trading down to book value, and may have to fall 50 percent more just to settle at the point they were in the housing recession of the early 1990's, it turns out that civic activists were 100 percent right: that tract housing planted in farmland, far from places of work, is not just an eyesore, doesn't just threaten water to aquifers and the bay, it's not even close to being economic. So why aren't all those Homestead political cronies who trashed the public interest instead of giving it a fair hearing when it might have mattered in places held to at least as high a standard as the ATM thief will be held when he is caught? This is more than a point dredged from memories of an aggrieved past. Today, Congress is entertaining recommendations to reform the financial practices that lead to the problem in the first place-but so far as the press has reported, Congress is heading off in the wrong direction. The problem is not lending practices or more careful regulation of mortgage backed securities that now lack adequate review by once-trusted rating agencies like Standard and Poor's and Moody's. The problem is on the ground in places like Homestead (Agrestic, anyone?) and other sprawl ridden communities in America. That is where Congress needs to look: how to stop tract housing that has proven to be economic only when fraud, deception, and trashing of the public interest outweigh legitimate cost factors, including for instance the value of national parks, of clean and reliable supplies of drinking water--all of which belong in the costing models but are left out, in perverse irony to the phantom derivatives multiplied by Wall Street ten or twenty times the value of mortgages on the ground that turn out to be, well, not worthy very much. Today, the bankers and developers who were all over Homestead farmland like vultures on a dead python for zoning and building permits (and contributed their share of liar loan mortgages that triggered a world credit crisis) are in hiding. (Practically speaking, what that means is that they are on the phone with their Senators and Congressmen and the Bush White House, appealing for a bail-out by federal agencies or the government sponsored entities like Fannie Mae and Freddie Mac. Just you watch!) The Latin Builders Association-atrophied and less muscular these days-has to double down at the time (and for the upcoming 2008 presidential election): political candidates need campaign contributions even though there is no market, or next to none, for suburban sprawl. Today, the demographics of Homestead have changed. Hispanics could tilt the vote in a new direction in upcoming municipal elections. These voters didn't profit from the building boom so much as get dragged under the bus by its false promises. Homestead and Florida City turned into exactly what so many residents and voters didn't want: a traffic snarled, sprawling mess, with a NASCAR racetrack, a Walmart and enough ATM's not to miss a stolen one. 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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