home / subscribe / donate / tower / books / archives / search / links / feedback / events / faq
|
STEPHEN GREEN reports on the real motivations behind Israel's MISSILE STRIKE on SYRIA. PETER MONTAGUE on the NUCLEAR RENAISSANCE or How the Nuke Industry is using Gore's Prize and Global Warming to Plot Its Big Comeback. WILLIAM BLUM on the DEVALUING of "ANTI-SEMITE" or How to Make a Term Meaningless. 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
|
|
October 25, 2007 Jeffrey
St. Clair / October 24, 2007 Natalie
Washington-Weik Andy
Worthington Michael
Birmingham Corporate
Crime Reporter Tariq
Ali Farzana
Versey Dave
Zirin James
Murren Todd
Chretien Martha
Rosenberg Website
of the Day
October 23, 2007 Ralph
Nader Lawrence
R. Velvel Vijay
Prashad Bonnie
Bricker / Dave
Lindorff Mike
Whitney Farzana
Versey Stanley
Heller / Marcelle
Cendrars Regan
Boychuk Website
of the Day
October 22, 2007 Ishmael
Reed Marjorie
Cohn Rannie
Amiri Diane
Farsetta Todd
Alan Price Robert
Jensen Stephen
Lendman Jemima
Khan Sunsara
Taylor Binoy
Kampmark Website
of the Day
October 20 / 21, 2007 Alexander
Cockburn Tariq
Ali Jeffrey
St. Clair Andy
Worthington Mike
Whitney Daniel
Wolff David
Rosen Saul
Landau Ron
Jacobs Robert
Fantina David
Heleniak Joe
Allen Prairie
Miller Poets'
Basement Website
of the Weekend
October 19, 2007 John
Ross Sheldon
Rampton Rahul
Mahajan Devra
Davis Christopher
Brauchli Wadner
Pierre Bill
Quigley Website
of the Day
October 18, 2007 Saree
Makdisi Meg
Dwyer Alevtina
Rea Norman
Solomon Kristoffer
Larsson Harvey
Wasserman Website
of the Day
October 17, 2007 Steve
Niva Andy
Worthington Alan
Farago Russell
Mokhiber Sharon
Smith Mike
Whitney Robert
Fantina Chris
Irwin Website
of the Day October 16, 2007 Peter
Linebaugh Paul
Findley Robert
Bryce Uri
Avnery Paul
Craig Roberts Ray
McGovern Norman
Solomon Martha
Rosenberg William
S. Lind Joel
S. Hirschborn Website
of the Day
October 15, 2007 Gary
Leupp Andy
Worthington Heather
Gray John
Walsh Joshua
Frank Dave
Lindorff Matt
Vidal Ali
Khan Sen.
Russ Feingold Johnny
Barber Website
of the Day October 13 / 14, 2007 Alexander
Cockburn Wajahat
Ali Jeffrey
St. Clair Ralph
Nader David Heleniak Laura Carlsen Brian Cloughley Richard Rhames Ron Jacobs Fred Gardner John Ross Russell Hoffman Missy Beattie Poets' Basement Website of the Day
Cindy
Sheehan Brendan
Cooney Alan
Farago Jan
Oberg M.
Shahid Alam David
Macaray Julia
Kendlbacher Peter
Rost, MD Website
of the Day
Al
Giordano Saul
Landau Jacob
G. Hornberger William
S. Lind Joshua
Frank Josh
Mahan Pat
Williams
October 10, 2007 Michael
Yates Gary
Leupp David
Macaray Alan
Farago Tom
Clifford Col.
Douglas MacGregor Sunsara
Taylor George
Wuerthner Roxanne
Dunbar-Ortiz Michael
Dickinson Website
of the Day
October 9, 2007 Paul
Craig Roberts Andy
Worthington Alan
Farago Brian
Eno David
Rovics Farzana
Versey Andrew
Buncombe Website
of the Day
October 8, 2007 David
Macaray Jeff
Ballinger Brian
Eno Christopher
Brauchli Louay
Safi Matt
Reichel Dave
Lindorff Thomas
P. Healy Martha
Rosenberg Richard
Rhames Website
of the Day
October 6 / 7, 2007 Alexander
Cockburn Norman
Finkelstein James
Bovard Patrick
Cockburn Jeffrey
St. Clair Ralph
Nader Ray
McGovern Saul
Landau Ben
Tripp Terry
Lodge Seth
Sandronsky Kevin
Funk / Steve Fake Missy
Beattie Website
of the Weekend
October 5, 2007 Andy
Worthington David
Macaray Lee
Sustar Dan
La Botz Aaron
Hess William
A. Cook Website
of the Day
October 4, 2007 Uri
Avnery Dave
Marsh Valerio
Volpi Cecilie
Surasky Dave
Lindorff Norman
Solomon Laura
Carlsen Walter
Brasch Ben
Terrall William
S. Lind Website
of the Day
October 3, 2007 Vijay
Prashad Anita
Sinha Winslow
T. Wheeler Sharon
Smith Jeff
Leys Sen.
Russ Feingold Mohamad
Bazzi Brenda
Norrell Robert
Weissman Website
of the Day
October 2, 2007 Ibrahim
Warde Gary
Leupp David
Macaray Conn
Hallinan John
Ross Alan
Farago Sonja
Karkar Niranjan
Ramakrishnan Website
of the Day
October 1, 2007 Al
Giordano Paul
Craig Roberts Moshe Adler Ingmar Lee John V. Walsh Norman Solomon Roger Burbach Ramzy Baroud Stephen Lendman Susie Day Website of the Day
September 29 / 30, 2007 Alexander
Cockburn Uri
Avnery Andrew
Cockburn Jeffrey
St. Clair Wajahat
Ali Andy
Worthington Don
Santina Ralph
Nader Fred
Gardner Seth
Sandronsky Gideon
Levy William
S. Lind Reza
Fiyouzat Richard
Rhames David
Michael Green Zach
Mason Poets'
Basement Website
of the Weekend
September 28, 2007 Kathleen
and Bill Christison Roberto
J. González / Saul
Landau Tom
Clifford Christopher
Brauchli Martha
Rosenberg Dave
Zirin Laray
Polk Binoy
Kampmark James
McEnteer Website
of the Day
September 27, 2007 Alan
Farago Andy
Worthington Jonathan
Cook William
Hughes Ray
McGovern Ron
Jacobs Dave
Lindorff Joshua
Frank Anne
Dachel Website
of the Day
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
![]()
![]()
Subscribe Online
|
October 25, 2007 Disaster Capitalism and the Housing CrashThe Way to Paradise?By ALAN FARAGO In the meager real estate section of last week's Miami Herald, there is a multi-color, mini magazine pull-out called: Paradise Way. It is "sponsored by "Homestead's Premier Builders: Caribe Homes, Lennar Homes, Lowell Homes, and United Homes." All are suffering through the worst crash in housing markets in a century-although you won't read that comparison, yet, in the mainstream press. Lennar, one of the nation's largest publicly-traded home builders, is based in Miami. The private owners of Caribe Homes are executive board members of the Latin Builders Association, the industry group that dominates South Florida through informally bundled campaign contributions. Standing at the top of the Florida Keys, the city of Homestead is a mess of a small rural town converted by greed into yet another sprawl-ridden bonanza for production home builders now fallen on hard times. It is where the building boom came to a screeching halt in Miami Dade, Florida's largest of most politically influential county. As advertised in The Miami Herald, Paradise Way represents the aspects of disaster capitalism that can't be papered over. Of course, papering over the housing bust is exactly what lobbyists and lawyers and engineering firms are doing now, where the papering involved is more zoning changes to drive wedges into the Urban Development Boundary, a politically drawn line that separates farmland and open space from areas served by county-funded infrastructure. These are exactly the sort of local decisions, served up by well-rehearsed local public officials as positive benefits to the tax base, that the citizen revolt called Florida Hometown Democracy would like to extract from the hands of county commissioners and put directly in the hands of voters, if enough signatures can be gathered to qualify for a state-wide referendum. The Florida Chamber of Commerce and Associated Industries call it a recipe for chaos, as though blind to the chaos they have created. Business interests are raising money-as much money as it will take-to stop the measure. That is one aspect to the rise of disaster capitalism--how it succeeds most when citizens are isolated from their representative government. But there are so many more aspect to tally. So, tally ho. A second, generally speaking, is suburban sprawl and the myth that sprawl is "what the market wants", the fiction of "low cost" housing that imposes long commutes and other tangible costs on families, absent adequate transit infrastructure and measures to protect quality of life from shifting baselines. Scientists call it benignly: "target creep". In Miami-Dade alone, county departments total infrastructure deficits well in excess of $10 billion. Who will pay, is anyone's guess, now that the cratering tax base is scrambling local government budgets. Who will pay, now that we have embraced strip mall culture and acquiesced children to latch-key lifestyles? A third aspect of the disaster is how the banking and financial industries created the building boom and are now suffering hundreds of billions of losses, having used historic low interest rates of the Federal Reserve to manufacture liquidity through financial derivatives, raining billions in profits through commissions, fees, and compensation that all but obscured any reasonable assessment by Congress or the US Treasury. Fannie Mae and Freddie Mac, both scenes of financial crimes only a few years ago as the housing boom gathered steam, are now being championed as the way to save home owners victimized by unscrupulous mortgage brokers who were paid higher commissions, in some cases, as they pushed consumers into toxic loans. A fourth aspect is the one making the network news: how consumers of plain old mortgages were persuaded to abandon caution and incur debt far beyond their means, using houses as piggy banks for personal consumption or chits for speculation. It happened at all levels of the housing markets. A fifth aspect of the disaster is how the bankrupt model of suburban sprawl shut down criticism one might ordinarily expect from the media, increasingly controlled by large corporations beholden to the imperatives of quarterly profits often tied, indirectly or directly, to all the wings, dings, bells and whistles of production housing and related economic activities. The outlines of this disaster are becoming clear, like invisible ink suddenly made legible by time. Earlier this week, the New York Times featured news that The McClatchy Company, "publisher of more than 30 daily newspapers including The Miami Herald and The Sacramento Bee, reported a 55 percent drop in profit amid declines in real estate advertising and announced that it would take an undetermined charge against its third-quarter earnings. Revenue was down more than 9 percent." As Knight Ridder fattened up quarterly profits for the sale of its businesses like The Miami Herald to the benefit of shareholders and key executives, any criticism of the suburban sprawl or investigation of the underlying economic, social and environmental realities were muted or throttled. In today's decline, criticism by the media is still parsed as carefully as medieval theologians counting angels on the head of a pin, or, hits by Adclick. A sixth aspect of the disaster manifests very well in Homestead, where just beyond "paradise way", pollution is wrecking Biscayne National Park and the Everglades. Up to $20 billion will be spent to restore the Everglades ecosystem. The plan fails in its most elemental aspects to back up dramatic hope with common sense solutions to intractable water management problems. The Lennar fire-sale, advertised separately from "Paradise Today" in The Miami Herald,-occurs at the edge, at exactly just such a location pressing up against former wetlands that run to Biscayne National Park in South Miami Dade, only a mile away. For decades, environmentalists have been on the defensive, trying to protect coastal wetlands in Florida from the predation of greedy developers who wear the hat of conservationists whenever it pleases. It is cheap to be an environmentalist: just say so in states like Florida, and it is done. This leads to the seventh aspect of the disaster. During the building boom, promoted and advocated by two-term Florida governor Jeb Bush, environmental groups were played off one another the way a cat toys with a mouse. As government regulatory authority diminished, the matter of ethics took a sharp nose-dive: even within the environmental community, fratricide was often the order of the day. The triggers were compromises that browns accepted and the greens did not: "public/private partnerships", "win/win scenarios", or "habitat conservation initiatives"-- language easy as Muzak or sensible shoes to cushion the blows to the public interest. The jargon goes something like this: no one wants to treat the environment badly so long as property rights are respected and the right to build "cheaply" in outlying areas foists costs on taxpayers is maintained with as much sanctity as taking communion or reading the Torah. Throw precaution to the wind, and so it was. The absolutism that brooks no dissent leads to an eighth aspect of the disaster. The failure to report and to hold accountable industry and public officials to laws protecting the air we breathe, the water we share, and wilderness all contributed to the subversion of democracy. Every day at County Hall the cynicism is overpowering, as though actors from a middle school play (or JD Salinger novel) were in charge of the world with no obligation to the learned values of a civil society. And so the ninth and tenth aspects of the disaster are embodied in Paradise Way itself, "the ideal residential lifestyle, the right time to buy". From the point of view of rapidly dwindling farmland, trashed watersheds, wetlands and nearby national parks, the housing boom and bust afflicting cities like Homestead, Florida have been unmitigated disasters, unless you smart and lucky enough to sell into the pandemonium. Yes, some individual buyers are thrilled with their residential lifestyle. Yes, some could care less about the pitched battles in zoning chambers that resulted, years later, in platted subdivisions they love. Yes, whether endangered species crossed where their asphalt driveways now lay never creased their brows. Even if they cared, what could they do about it? And yes, the mechanics of disaster capitalism depend on your doing nothing. Alan Farago of Coral Gables, who writes about
the environment and the politics of South Florida, can be reached
at alanfarago@yahoo.com.
![]()
|
How the Press Led the US into War ![]() Buy End Times Now! CounterPunch Books of the Crossroads: HOW THE IRISH INVENTED SLANG By Daniel Cassidy AMERICAN BOOK AWARD! ![]() Click Here to Buy! Click Here for Dates & Venues Michael Neumann's Devastating Rebuttal of Alan Dershowitz ![]() Click Here to Buy! Saul Landau's Bush and Botox World with a Foreword by Gore Vidal ![]() Click Here to Order! How They Made a Killing on the War on Terrorism ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() The Occupation by Patrick Cockburn ![]() ![]() ![]() Humanitarian Imperialism By Jean Bricmont ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() CITY BEAUTIFUL By Tennessee Reed ![]() ![]() ![]() ![]() ![]() ![]() Bruce Springsteen On Tour By Dave Marsh ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |