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Today's
Stories
September 16, 2008
Paul Craig Roberts
US Economy: Rudderless and Reeling from Direct Hits
September 15, 2008
Mike Whitney
The Tumbrils Roll at Dawn
Peter Morici
Toxic Lehman
Patrick Cockburn
Take Another Look at the Surge
Charles R. Larson
The Maverick Has No Clothes
Jonathan Cook
The Expulsion of Palestinians from Jaffa
Nikolas Kozloff
Racist Rhetoric in Bolivia
Roger Burbach
Morales Confronts the Insurrection: Bolivia and the Echoes of Allende
Helen Redmond
Where's the Health Care Bailout?
David Michael Green
The Democrats Do Poland
David Macaray
The Boeing Strike
Ralph Nader
Remembering Peter Camejo
Website of the Day
The Ballad of Sarah Palin
September 13 / 14, 2008
Alexander Cockburn
Panic!
Jeffrey St. Clair
Inside Dirk Kempthorne's Closet
Wajahat Ali
Playing with the Constitution
Robert Fantina
Cheney Scales New Heights of Hypocrisy
Marcus Rediker
Notes on a Visit to the Favelas of Medellín, Colombia
Richard Neville
The Baby Killers
Ed Gaffney
Breaking the Siege of Gaza
Carla Blank
Neglecting a Grand Old Lady
P. Sainath
The Almighty and the U.S. Elections
Lee Sustar
Working Harder; Falling Further Behind
Joshua Frank
Liberalism and Its Bounds
M. Junaid Levesque-Alam
The Guantanamoized Age
Dennis Loo
Shock and Awe Comes Home to Roost
Zach Zill
Squeezed Out in New York City
Omar Barghouti
So You Think You Can Dance? Israeli Profiling of African-American Dancers
Bill Quigley
Social Justice Quiz, 2008
Andy Worthington
Bush's Bitter Legacy
Stephen Dunifer
Free Radio: Liberating the Commons
Seth Sandronsky
Bailing Out Big Auto
David Yearsley
Portabella's Bach: Grim, Trite and Incredibly Boring
Patrick B. Barr
Obama's Punchless Campaign
Rannie Amiri
Tasting Ramadan
Niranjan Ramakrishnan
The Flight Not Taken
Richard Rhames
What, Me Reason?
Manuel Garcia, Jr.
The Large Hadron Collider Powers Up
Poets' Basement
Deer Cloud and Buknatski
Website of the Weekend
Wasilla Valley PTA?
September 12, 2008
Nikolas Kozloff
The Next Cuban Missile Crisis?
Michael Hudson
More Dangerous Than the A-Bomb?
The Chicago School's Record of Infamy
Lloyd Miller
Palin and Alaskan Native and Tribal Rights: a Dismal Record
Steve Breyman
Georgia in NATO?
Maria Rivera
Cuba After Gustav and Ike: an Eyewitness Account
Jonathan Cook
Israel and the Dark Arts
Ayesha Ijaz Khan
U.S. Designs on Pakistan
M. Shahid Alam
The Mendacity of Missed Opportunities
Robert Weissman
Executive Pay and the "Market Economy"
Tanya Golash-Boza / David Brunsma
Immigration Raids Must Be Stopped
Website of the Day
Know Your Rights
September 11, 2008
Noam Chomsky
Towards a Second Cold War?
Sharon Smith
Afghanistan: You Call This a Good War?
Ron Jacobs
Palinomics:
She Ain't No Working Class Hero
Marjorie Cohn
God, Guns and Oil: A Palin Theocracy?
Mike Whitney
Cheney in the Caucasus
Jeffery R. Webber
Bolivia: a Coup in the Making?
Paul Cantor
The Other 9/11
Peter Morici
The Surging Trade Deficit
Ray McGovern
Iran's Road Less Traveled to Nukes
Linn Washington, Jr.
Screening Mumia:
The Suppression of Dissent in America
Website of the Day
Palin (Michael) for President!
September 10, 2008
Paul Craig Roberts
A Temporary Respite from Permanent Decline
Conn Hallinan
The Return of U.S. Death Squads
Ralph Nader
Who Needs Regulations When You've Got a Golden Parachute?
Peter Morici
Can the Bailout Work?
Joanne Mariner
The Horrendous Case of Aafia Siddiqui
Laura Tate Kagel /
Jen Marlowe
The Pending Execution of Troy Davis: a Case for Clemency
Chuck Spinney
Incestuous Amplification and the Madness of King George
Dave Lindorff
Lazy Thinking and Prejudice
Scott Campbell
Where Now for Oaxaca's Social Movement?
Paul Farmer
Haiti and the Hurricanes
Anne Kilkenny
Letters from Wasilla: the Sarah Palin I Know
Website of the Day
Democrats and Zombies
September 9, 2008
Michael Colby
The Obama Poll Drop
Chellis Glendinning
Retorno a 1968: From Berkeley to Mexico City
Vijay Prashad
Losing Game
Jeffery R. Webber/
George Ciccariello-Maher
Venezuela From Below
David Michael Green
Country Last
Brian J. Foley
The New Face of Republican Power
John Ross
Mexican Flag Wrap
Pierre M. Sprey /
Winslow T. Wheeler
Joint Strike Fighter:
Another Defense Acquisition Disaster
Nicole Colson
Sami Al-Arian's Long Road to Freedom
Marc Gardner
California's Anti-Homosexual Laws are Alive and Unwell
William S. Lind
The Baltic States and Russia: Toy Armies or Accomodation?
Website of the Day
All Hope Rests with Piper Palin
September 8, 2008
Mike Whitney
An Interview with Michael Hudson on the Worsening Debt Crisis
Tariq Ali
The Godfather as President
Pam Martens
The Man Who Vetted Palin
Bill Quigley
The Weary Road Home: Displaced Poor Continue to Return to New Orleans
Malini Johar Schueller /
Ed White
Not About Me: Obamamania, Racial Porn-fest and Palinama
Robert Jensen
Pop Music and 9/11
Uri Avnery
Lonely Rider
Win McCormack
Palin Family Values
Howard Lisnoff
How Far From a Police State?
Maria C. Khoury
Taybeh Oktoberfest in Palestine
Website of the Day
Scaring Students from Voting in Virginia
September 6 / 7, 2008
Alexander Cockburn
Sarah Palin and the Good Book
Jeffrey St. Clair
That Dam Senator: A River Ran Through Him
Linn Washington, Jr.
The GOP Excluded Black-Owned Businesses from Contracts at St. Paul Convention
Patrick Cockburn
Did Bush Spies Monitor Iraqi Allies?
Gary Leupp
The September 3 Attack on Pakistan: a Precursor to More War Crimes?
Nancy Kurshan
CHI-town Lowdown: Memories of 1968
William Blum
Has Obama Already Lost?
Michael Winship
The St. Paul Police vs. the Independent Media
Fred Gardner
Joe Biden, Drug Warrior
Nikolas Kozloff
Sarah Palin and the Wal-Mart Moms: the Cultural Packaging of VP Candidates
Wajahat Ali
The Cryptkeeper and His Pitbull: the Past and Future of the GOP
Robert Fantina
Change Agents?
Karyn Strickler
Palin by Comparison: Sarah and the Hillary Voters
David Yearsley
What Their Fanfares Told Us About the Candidates
Richard Rhames
Bad Campaign Moon Rising
James L. Secor
Bandwagon Politics
Missy Beattie
Missy for Vice POTUS
Eric Patton
Baseless in Obamaland
Ben Terrall
Haiti and the Washington Consensus
Thom Rutledge
Mr. Magoo and the Kind Stranger: a Serious Political Problem
Dan Bacher
Arnold and the Manufactured Drought
David Macaray
Is Union Democracy at Risk?
Jane Stillwater
The Admiral's Child: a Psychological Reason for McCain's Flip Flops
Grady Harper
Should Hunting Really be High on Our Priority List?
Poets' Basement
Wolff, Payne and Holt
Website of the Weekend
We'll See Your Sarah Palin and Raise You With Maria McKee
September 5, 2008
Elizabeth Walters
Old Fears, New Worries in Louisiana
Bill Quigley
Gustav's Path of Destruction
Alan Farago
Nothing Means Anything: The Fantasy of John and Sarah
Dave Lindorff
The Things They Left Behind (Including McCain's First Wife)
Ira Glunts
A Lesson Before Lying: How Republicans Solved Sarah Palin's Jewish Problem
Peter Morici
The Big Slump
Deepak Tripathi
Politics, Morality and the GOP: John McCain as John Major?
Manuel Garcia, Jr.
The Energy of a Hurricane
Michael Donnelly
Change. God. POW.: a Summary of McCain's Big Speech
Martha Rosenberg
Free to Good Home, SUVs
Website of the Day
Sarah Palin's Air War: On Wolves and Bears
September 4, 2008
Jeffrey St. Clair
The Real McCain
Paul Craig Roberts
Who is Wrecking America?
Ron Jacobs
The Perishing Republicans, the RNC 9 and the Twin Cities Cops
M. Junaid Levesque-Alam
The Soft Surge
Andy Worthington
Rendered to Egypt for Torture
Osama Dawoud
How I Lost My Fulbright Scholarship
Stephen Lendman
Katrina Redux: the Militarization of New Orleans
Fidel Castro
Hurricane as Nuclear Strike
Website of the Day
Is McCain Palin's Bitch?
September 3, 2008
Patrick Cockburn
The Fake U.S. Victory in Iraq
Sen. Mike Gravel
Good Luck, Sarah!
Vijay Prashad
The Indian Left and the Indo-US Nuclear Deal
Nikolas Kozloff
Palin, Hunting and the American Psyche
Ralph Nader
Repeal Taft-Hartley
Howard Lisnoff
Forty Years in the Streets (And They're Still Beating Up Journalists)
Steve Early / Cal Winslow
Can SEIU Members Exorcize the Purple Shades of Jackie Presser?
Shepherd Bliss
A Field Report From Slow Food Nation
Bill Quigley
Living in the Car After Gustav
Website of the Day
Growing Up Okie: an Interview with Roxanne Dunbar-Ortiz
September 2, 2008
Marjorie Cohn
Raiding Democracy in St. Paul
Jonathan Cook
Palestinian Village Faces Army Reign of Terror
Robert Weitzel
Biden and Israel
Corey D. B. Walker
Where Do We Go From Here?
John Ross
The Kidnapping Boom in Mexico
Eric Walberg
Wag the Dog in Georgia
Judith Scherr
No Day in Court for Ronald Dauphin
Richard Morse
Haiti, 2008
B. R. Gowani
What If the Israel Lobby was the African-American Lobby?
Michael Greenberg
Loofah Day in Cleveland
Website of the Day
Thanks for the Memories!
September 1, 2008
Nikolas Kozloff
Making a Killing in Iraq: McCain and the Telecoms
C. G. Estabrook
The War Will Go On
Manuel Garcia, Jr.
Will a Russo-American Nuclear War Happen (Soon)?
David Macaray
An Elegy for Labor Day
B. R. Gowani
The Lobby as Juggernaut
Saul Landau
Real Gold Winners
Charles Orloski
Going Down to Hell's Cul-de-Sac
Gloria La Riva
Profit and Disaster in New Orleans
Website of the Day
Springsteen: Factory
August 30 / 31, 2008
Alexander Cockburn
Obama's Speech; McCain's Palinomy
Bill Quigley
Gustav is Coming
Jeffrey St. Clair
Valley Boy:
The Rise and Fall of Richard Pombo
Andy Worthington
Shining a Light on the Dark Prison
Deepak Tripathi
The Race for the White House: Notes From a European Observer
Stanley Howard
A Prisoner's Tale of Abuse
Dave Lindorff
Troopergate in Alaska
Wajahat Ali
Palin on the Prowl:
a Cougar for the PUMAs?
Robert Fantina
McCain and Palin
Josh Schlossberg
A Bias for Life: the Role of the Environmentalist
Benjamin Dangl
Beyond Voting
Missy Beattie
Stars, Stripes, War and Shame
Howard Lisnoff
Better Cuba Than Florida?
Suzan Mazur
Rethinking Evolution with Stuart Newman
Rev. Jim Rigby
What Would Jesus Ride to the Conventions?
David Yearsely
Katy Perry Meets Mozart
Serge Quadruppani
Italy's Years of Lead
B.R. Gowani
What If the Israeli Lobby Was the Islamic Lobby?
Richard Rhames
Empty Political Calories
Poets' Basement
Holt, Davies, Corsale and Landau
Website of the Day
Return of the Druids
August 29, 2008
Mike Whitney
How the Chicago Boys Wrecked the Economy
Brian Cloughley
Resurgent Russia
David Ker Thomson
Jacko and Me: Dispatches From Fifty
Joanne Mariner
A UK Window on CIA Abuses
Neve Gordon
The Ordeal of Sahar Vardi, Refusenik
Chris Genovali
Of Whales and Off-Shore Drilling
Ron Jacobs
What's a Godfearing Country to Do?
Michael Donnelly
Honest Abe in Denver?
August 28, 2008
Judy Gumbo Albert
The Battle of Chicago
Paul Cantor
Who Killed Victor Jara?
Saul Landau /
Farrah Hassen
Axis of Evil Defeats Neocons
Andy Worthington
Clearing Out Guantánamo
Ben Terrall
Return to Port-au-Prince
Leonard Peltier
Message to Obama: Symbolism Alone Will Not Bring Change
Niranjan Ramakrishnan
The Miasma of Bi-Partisanship
Donna J. Volatile
The Obama Construct
Website of the Day
Ishmael Reed, Alice Walker and Maya Angelou on the Meaning of Obama
August 27, 2008
Anthony DiMaggio
The Myths of Joe Biden
Jordan Flaherty
Three Years After Katrina
Ralph Nader
The Politics of Avoidance
Melissa Checker
Carbon Offsets, More Harm Than Good?
Bob Sommer
Blaming the Sixties
Cynthia McKinney
How the Democrats Helped Bush Hijack the Country
Ali Khan
Pakistan's Flawed Presidency
M. Junaid Levesque-Alam
The Only Good Muslim is the Anti-Muslim
Dave Lindorff
Strip-Search Nation
David Macaray
Labor's Hard Lessons
Website of the Day
Stagnant Income in an Eroding Economy
August 26, 2008
Patrick Cockburn
The Big Questions About Iraq
Michael D. Yates
Obama and the Working Class
Paul Craig Roberts
Is War With Russia on the Agenda?
Andy Worthington
The Guantánamo Suicide Report
Rev. Jesse L. Jackson
Obama's Promised Land?
Huwaida Arraf
Sailing into Gaza
Joseph Grosso
Back to the Future: New York's Housing Crisis
Sheldon Richman
What About the Ossetians?
Binoy Kampmark
Impasse at Singur
Website of the Day
Taser Bait in Denver
August 25, 2008
Patrick Cockburn
US Out of Iraq by "2011"
Bill Quigley
Katrina, the Pain Index
Jonathan Cook
Israeli Outposts Seal Death of Palestinian State
James McEnteer
Death by Paranoia
Uri Avnery
The Devil's Hoof
Will Potter
The State Deparment's Green Scare Wing
Robert Jensen
Technological Fundamentalism
Stephen Lendman
Reinventing the Evil Empire
Wajahat Ali
Biden His Time
Carl Finamore
The Future of Trade Unions in China
Website of the Day
Don't Blow Up the Mountain, Boys
August 23 / 4, 2008
Alexander Cockburn
"Change," "Hope"...Why They Must be Talking About Joe Biden!
Jeffrey St. Clair
Killing Salmon with Paul O'Neill: Power, Profits and the Future of the Columbia River
Patty O'Grady
John McCain in a New Context: Why the Senator is No War Hero
Nicole Colson
Obama and Big Corn
Steve Conn
Obama and the Mining Cartel
Deepak Trapathi
Pakistan in Uncertain Times
Robert Fantina
Once Upon a Time in America: a McCain Administration
Jonathan M. Feldman
Obamanomics: Does the Left Have Anything to Say?
Joshua Frank
Targeting Pelosi (and the War Machine): an Interview with Cindy Sheehan
Osama Qashoo
Sailing to Gaza
Howard Lisnoff
The Long Silence: American Jews and the Palestinians
David Michael Green
Sen. McShame and the Wreckage:
John McCain Discovers America
Dave Lindorff
Why Not Let the Republicans Deal With This Mess?
Christopher Brauchli
A Banner Month for Passports
Alan Farago
Who Crippled the Government?
Michael Winship
Cash Register Conventions
Richard Rhames
Vlad the Derailer: Can Putin Save America From Itself?
David Rosen
The Culture Wars Are Over: But Culture Warriors Are Still Terrorizing America
Patrick B. Barr
Don't Try to Tame the Lightning Bolt
Jamie Newlin
Western Turf Wars: the Politics of Public Lands Ranching
Poets' Basement
Glendinning, McEnteer and Bonner
Website of the Weekend
Cafe Reconcile, New Orleans
August 22, 2008
Boris Kagarlitsky
Fallout from the Georgian War
Laura Carlsen
Obama and Latin America: Change or Continuity?
Bob Barr
No War for Georgia
Marwan Bishara
From Russia with Love: Putin Hits Georgia, Bloodies Bush
Peter Morici
Is the Fed Still a Central Bank?
Manuel Garcia, Jr.
The Big Heat
Charles Mostoller
The Battle for the Amazon
Sumbul Ali-Karamali
Obama is Not a Muslim: But Would It Be So Terrible If He Were?
Keith Rosenthal
Standing Up to Union-Bashing
John F. Miglio
The Devolution of the Baby Boom Generation
Website of the Day
Fire Sale in the Markets!
August 21, 2008
Allan J. Lichtman
Is Georgia 2008 a Repeat of Hungary 1956?
Dave Lindorff Loserville: How Obama Blew It
Ralph Nader
The Problem with Problem Banks
Joanne Mariner
The Military Commissions, So Far
Wajahat Ali
Descent Into Chaos: an Interview with Ahmed Rashid on Pakistan, Afghanistan and the Taliban
Ron Jacobs
Georgia and Historical Farce
Rostam Purzal
The Left and Iran
Anthony Papa
Unlocking the Power of Art to Counter Injustice
Website of the Day
Rocky Mountain Way
August 20, 2008
Michael Neumann
Russia and Georgia: Proportion and Distortion
Ray McGovern
Musharraf Out Like Nixon
Eric Walberg
Georgia's Ossetian Debacle
Fidaa Abed
Blocking a Gazan's Path to San Diego
Daniel Haack
The Pentagon's Most Prolific Pundit
Mike Whitney
Greenback Surges, Euro Shrivels
Website of the Day
Hands Off South Africa's Centre for Civil Society
August 19, 2008
Paul Craig Roberts
Are You Ready for Nuclear War?
Deepak Tripathi
A New Age of Torture
Marwan Bishara
The Politics of Evil in the US Elections
Saul Landau
Baseball Diplomacy or Just Baseball?
William S. Lind
Leave Georgia Alone, George
Martha Rosenberg
Whole Foods and Other Food Offenders
James Brittain
The Road to Tyranny in Colombia
Pratyush Chandra
Krugman's Great Illusion
David Macaray
AFSCME's Strike Against the University of California
Website of the Day
McCain Plagiarizing Solzhenitsyn
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September 16, 2008
Hurricanes, Bankruptcies and the Invisible Hand
Who's Dumber? Ike's Refugees or Wall Street's?
By OSCAR GONZALEZ
I’m sure no irony is intended, but the corporate media keeps switching back and forth between the refugees of Hurricane Ike to the refugees of the Wall Street meltdown, but, of course, with different takes. For the hardy Galveston Islanders who refused evacuation orders even in the face of a storm the size of Texas, they get only scorn and ridicule piled higher even that the rubble that surrounds them. The Houston Chronicle reports how President Bush and Homeland Security Secretary Chertoff chafed over ignored evacuation orders:
"As we continually said, every time there is a storm, when you stay behind in the face of a warning, not only do you jeopardize yourself but you put the first responders at risk as well," Chertoff said.
Harsh, hectoring words. Justified, without a doubt, but let us apply the power of contrast to Bush’s more philosophic view regarding what is now being called The Mother of All Mondays:
“In the short run, adjustments in the financial markets can be painful both for the people concerned about their investments and for the employees of the affected firms. In the long run, I’m confident that our capital markets are flexible and resilient, and can deal with these adjustments.”
Ike was a big storm, but Lehman Brothers, Merrill Lynch, et al have brought the entire nation, probably the world, to the precipice of economic doom. There will be a great deal of parsing out of possible triggers for the meltdown, laced with impenetrable jargon. “From the opening bill, the volume and volatility of leveraged liquidity on put options made The Street bet against the spread that earnings and yield will not outperform the market base.” Ok, I admit I just strung some of that jargon together, but the sentence could be spliced seamlessly so that a TV audience wouldn’t notice and a talking head wouldn’t mind.
But there are no recriminations from politicians. People are still hanging on Alan Greenspan’s every nebulous utterance, hoping to distill some perspective from this, the chief architect of the meltdown.
Maybe in a year or two if things get Great Depression bad, the mainstream will start lashing out at the Wall Streeters for being as dumb as a Texas governor (as Groucho said, "Time wounds all heels"), but I see no reason to wait, so I’ll make the argument that the Wall Streeters are dumber than the people who did not evacuate Galveston Island.
I’ve vacationed in Galveston, and I know its people are acutely aware of the Great Galveston Hurricane of 1900 and of the need to accommodate the whims of nature. They work in hotels, banks, restaurants, and lots of tourist traps. The service sector thrives, but I would safely bet few Galvestonians are weather meteorologists.
Wall Streeters buy up other people’s misfortunes and dump shares before the stink sets in. They diversify for safety, but prefer monopoly. They employ the most sophisticated algorithms to determine when things will spike or tank. They play to win and to crush competitors. They come from elite universities, trained in high finance and inscrutable statistics. Top of their classes, to the one. They hone their prognosticating skills. That is most of what they do. They anticipate, thrust, and parry.
Wall Streeters should have known of this financial armageddon and taken steps to prevent it. Heck, even the progressive press sounded the alarm for many years.
It is no coincidence that weather terminology, like gathering storm, looming clouds, tsunami, is used to the same effect both by the weather and stock market news. You wouldn’t know it from the news reports, but most of Galveston knew bad weather was approaching and heeded the evacuation orders. Wall Streeters stuck around until a security guard handed them a box and showed them the exit.
If Adam Smith’s invisible hand gives a thumbs up to the excesses of rich, spoiled number-crunchers, then shouldn’t Providence be given equal wiggle room with the good people of Galveston?
Oscar Gonzalez is a Texas attorney. He can be reached at: oscarg707@yahoo.com

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