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How the Press Gave Madoff Four More Years to Steal His Billions
It’s one of the greatest and most shameful failures in the history of journalism. In the new edition of our newsletter Eamonn Fingleton traces how the Wall Street Journal was handed a precise outline of Madoff’s Ponzi scheme in 2005 and sat on it. The New York Times also passed on chances to nail Madoff. Thousands, poor as well as rich, lost their life savings in consequence. Read Fingleton on how the watchdogs of the Fourth Estate took good care to snooze in their kennels. ALSO in the new edition, Paul Craig Roberts concludes the shortest, sharpest outline of economics ever written with a brilliant essay on the economics of a full, green world. Get your new edition 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 February 24, 2009 Paul Craig Roberts Uri Avnery Peter Morici Jonathan Cook February 23, 2009 Michael Hudson Mike Roselle Patrick Cockburn Franklin Spinney Einar Már Guðmundsson Ralph Nader Jordan Flaherty Helen Redmond Dennis Loo Harvey Wasserman Terry Lodge Website of the Day February 20 / 22, 2009 Alexander Cockburn Michael Neumann / Ismael Hossein-zadeh Paul Craig Roberts Linn Washington Jr. Saul Landau Marjorie Cohn Binoy Kampmark Dave Lindorff David Yearsley David Macaray James McEnteer Rick Salutin Wayne Clark Richard Rhames Stephen Martin Mitu Sengupta Charles R. Larson Richard Morse Lorenzo Wolff Poets' Basement Website of the Weekend February 19, 2009 Norman Finkelstein Harry Browne Robert Bryce Brian M. Downing Fred Gardner Andy Worthington Wajahat Ali Laura Carlsen Deb Reich Christopher Ketcham Website of the Day February 18, 2009 Paul Craig Roberts Mike Whitney M. Shahid Alam Patrick Cockburn Conn Hallinan Dave Lindorff Rannie Amiri Gareth Porter Eric Hobsbawm Christopher Brauchli Martha Rosenberg Website of the Day February 17, 2009 Michael Hudson Mike Whitney Ralph Nader Joanne Mariner John Ross Belén Fernández Mats Svensson David Macaray Gregory Vickrey M. Junaid Levesque-Alam Michael Dickinson Website of the Day February 16, 2009 Patrick Cockburn Oscar Guardiola-Rivera Paul Craig Roberts Uri Avnery P. Sainath Dedrick Muhammad / Michael Brown Carla Blank Patrick Irelan Dan Bacher Fidel Castro Harvey Wasserman Website of the Day February 13 - 15, 2009 Alexander Cockburn Joshua Frank Mike Whitney George Ciccariello-Maher Nikolas Kozloff Brian M. Downing Paul Craig Roberts Christopher Ketcham Ron Jacobs Dave Lindorff Alan Maass Chuck Spinney Phil Gasper Stephen Lendman Charles Thomson Kathy Sanborn Saul Landau Len Wengraf Harvey Wasserman David Macaray Tom Stephens Seth Sandronsky David Yearsley Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend February 12, 2009 P. Sainath Jean Bricmont Michael Hudson Peter Lee Dave Lindorff February 11, 2009 Neve Gordon Peter Morici Andy Worthington Marjorie Cohn Fred Gardner Niranjan Ramakrishnan Zoe Blunt Belén Fernández Martha Rosenberg Website of the Day Blues of the Day
February 10, 2009 Kathy Kelly Nikolas Kozloff Uri Avnery Michael J. Berg Russell Mokhiber Joe Bageant Gareth Porter Dave Lindorff Rannie Amiri Harvey Wasserman Niranjan Ramakrishnan Website of the Day February 9, 2009 Vicente Navarro Paul Craig Roberts Julio Sanchez / National Lawyers Guild Jonathan Cook Alana Smith Binoy Kampmark Sam Bahour Nicole Colson Ron Jacobs Website of the Day February 6-8, 2009 Alexander Cockburn Ishmael Reed James Abourezk William Blum Patrick Cockburn Henry A. Giroux Manuel Garcia, Jr. Mouin Rabbani David Yearsley Saul Landau Jules Rabin Raymond J. Lawrence Janette Habel Dave Lindorff Missy Beattie Dale Gieringer John Ross Richard Rhames Bob Wing Robert Bryce David Macaray James L. Secor Jason Flom / Norm Kent Kim Nicolini Lorenzo Wolff Poets' Basement Website of the Weekend February 5, 2009 Michael Mandel Saul Landau / Ralph Nader Robert Bryce Russell Mokhiber Sameh Habeeb / Dave Lindorff Carmelo Ruiz-Marrero George Ochenski Website of the Day February 4, 2009 Arno J. Mayer Paul Craig Roberts Patrick Cockburn Jonathan Cook Fred Gardner Stan Cox Margaret Kimberley Lawrence Velvel Dave Lindorff Doug Giebel Serge Quadruppani Website of the Day February 3, 2009 David Price Bill Moyers Kirkpatrick Sale Conn Hallinan Peter Morici George Ciccariello-Maher Muhammad Idrees Ahmad Allan Nairn Norman Solomon David Macaray Website of the Day February 2, 2009 Uri Avnery Ralph Nader Gareth Porter Paul Craig Roberts Harvey Wasserman Rannie Amiri Cal Winslow Steve Early Alan Farago Diane Farsetta January 30 / February 1, 2009 Alexander Cockburn Michael Hudson Ismael Hossein-Zadeh Dave Lindorff Saul Landau Andy Worthington Subcomandante Marcos Robert Jensen Ron Jacobs Gareth Porter Allan Nairn Laura Carlsen Rev. William E. Alberts Christopher Brauchli Jules Rabin Col. Dan Smith Missy Beattie Tom Barry J. Michael Cole Manuel Garcia, Jr. Dan Bacher David Rosen Don Monkerud Binoy Kampmark Lorenzo Wolff David Yearsley Poets' Basement January 29, 2009 Peter Linebaugh Paul Craig Roberts Riz Khan M. Reza Pirbhai Wajahat Ali Gregory Vickrey Dina Jadallah-Taschler Alison Weir Alan Farago Walter Brasch Website of the Day
January 28, 2009 Norman Finkelstein Noam Chomsky Patrick Cockburn Rob Larson George Wuerthner Allan Nairn M. Junaid Stefan Simanowitz Charles R. Larson Website of the Day January 27, 2009 Winslow T. Wheeler Yigal Bronner / Joshua Frank Jordan Flaherty Ralph Nader Rev. José M. Tirado Benjamin Dangl Russell Mokhiber Martha Rosenberg C. G. Estabrook Website of the Day January 26, 2009 Paul Craig Roberts Deepak Tripathi Vijay Prashad Peter Lee Allan Nairn Uri Avnery John Sayen Dave Lindorff Lawrence R. Velvel David Macaray Roger Burbach Norman Solomon Website of the Day January 23 / 25, 2009 Alexander Cockburn P. Sainath Patrick Cockburn Saul Landau Sasan Fayazmanesh Alan Farago Christopher Brauchli Andy Worthington Ron Jacobs Lawrence Velvel Henry A. Giroux David Yearsley Raymond F. Gustavson Dave Lindorff Roberto Rodriguez Dina Jadallah-Taschler Fidel Castro J. Michael Cole Bob Fitrakis / Ramzy Baroud Mohammad Ali Shabani Richard Rhames Stephen Martin Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend January 22, 2009 Paul Craig Roberts Kathy Kelly Allan Nairn Lawrence Velvel Andy Worthington Peter Morici Joseph G. Davis Adriana Kojeve Benjamin Dangl Website of the Day January 21, 2009 Gabriel Kolko Harry Browne Michael Colby Lawrence R. Velvel Audrey Stewart Wajahat Ali Binoy Kampmark David Kεr Thomson John Ross Allan Nairn Sheldon Richman Website of the Day January 20, 2009 Chuck Spinney Kathy Kelly Raymond Deane Ralph Nader Audrey Stewart Jonathan Cook Harvey Wasserman Christopher Ketcham Robert Jensen Dave Lindorff David Macaray |
February 24, 2009 Less Dependent on Dirty OilCrisis Creates Hope for RealityBy BRIAN HOREJSI The winds of change have been blowing ever stronger in North America since that exceptional day in November of 2008 when Barack Obama became president of the US. The appearance of this man on the world scene has empowered millions of informed and progressive people and fanned optimism amongst millions of young people. With his recent visit to Canada, it should spur us to contemplate where Albertans and Canadians are and not only where we might go, but where we can go. At a North American level change offers hope for stronger democracy and expectations for greater accountability in government and limitations on the excesses of the corporate world; a return to rule by the people for the well being of society. At the same time that this hope has arisen, there is a counter balance; deep and widespread pain and gloom amongst tens of millions of North Americans. We face a crisis brought on by financial, corporate and government mismanagement and greed. No one who is a student of the private sector should be surprised, yet the immensity of the destruction wrought by this lawlessness struck us again like a tsunami. Great damage has been done to democracy and our environment by those who tore down the pillars of public accountability in order to facilitate corporate and industrial domination of the political, regulatory and conservation world. Parallel to this meltdown, but beginning several decades earlier, has been a growing environmental crisis, often referred to as the Great Acceleration, which included mass endangerment of biological diversity and ecological processes. It has been inflicted on the world by the very same corporate and government people, institutions and attitude that finally butchered an economy that was dying from bloat. With the exception of some independent and academic scientists, some environmental activists, and progressive citizens, this crisis has virtually been ignored. There have been no bailouts for the environment, yet the cost will exceed many fold the price tag of bailouts now in the news; an estimated $317 billion annually world wide just to maintain biological diversity and evolutionary potential. No heads have rolled (in Canada) amongst elected or senior government management, and there have been no regulatory responses, no executive orders or orders in council issued. Biological diversity and our public and natural landscapes have been dismembered as part of the race to private sector enrichment. But like over extended and unearned financial credit, destruction of and disdain for the living processes that support life on earth under the guise of "economic growth" is a illusion that can be hidden only so long. Alberta flounders deep within the bowels of "the great darkness", as international political analyst Gwynne Dyer calls the period of rule by neo conservatism and right wing think tanks imposed on America by George W. Bush. It is characterized by attacks on science and regulation necessary to protect the public, subversion of democracy and the rise of bigoted and biased media. Incessantly we have been barraged by propaganda that Alberta is the white knight leading the free world, at least in Canada, but we now know this "made in Alberta" claim to be yet another falsehood. Truth and reality now bring prospects of much more difficult times. There are many Albertans, and a frightening number of people within our conservative government that are still today begrudging the fact that they are part of a larger world ruled by the laws of science. Mired in intellectual obscurity, a long series of Alberta conservative governments and their corporate bedmates have denied Albertans the principled, scientifically sound and legally and democratically accountable regulatory structure that would mark us as a progressive civilization. We learn for example, after several decades of bitter conflict, that the public and independent scientists were right; grizzly bears are endangered, and their numbers but a fraction of what the public was led to believe. And still we see hostility to endangered species legislation. We are suffering, at great cost, as vast areas of Albertas forests are deliberately being denuded in a hopeless and wasteful effort to control a largely natural process of regeneration -–pine beetle expansion –even as scientists warn of the doubling of "background" forest mortality for trees of all ages in Western North America as a result of climate change. And still there are no environmental impact assessments or legislated forest plans. An appallingly inept land use framework is being proposed for the province; astonishingly, it has never been subjected to the scientific rigor of an environmental impact assessment, nor has it ever seen the light of democratic process, the foundation of which is public hearings. It will further entrench, should it ever be implemented, priority access upon those industrial, agricultural and motorized interests that have historically dominated public lands for their own private use, the very people and organizations that have led us to the environmental, social and economic abyss. Albertans continue to suffer from rampant expansion of industrialization of public lands. This expansion is the work of "regulators" like the Energy Resources Conservation Board that sneer at scientific evidence and principles and make a mockery of the legitimate visions and democratic dissent of citizens and public interest groups; 99.9% of permits are summarily issued, reeled off like sheets from a roll of toilet paper. We daily see denial at senior government levels of environmental destruction, economic mismanagement, and democratic failure that resembles the contempt and arrogance of Holocaust denial. Disdain and ridicule for the science of global climate disruption inflame carbon emissions from the countries most concentrated source, hence the label "dirty" oil from the tar sands. Contrast this attitude with the words of President Obama: "the science is beyond dispute and facts are clear"…. "Denial is no longer an acceptable response. The stakes are too high; the consequences too serious". In the face of this tidal wave of evidence and mounting atmospheric disruption, Albertans are crippled by more and more tax and regulatory breaks designed to expand these environmentally destructive, grossly expensive, and according to Bishop Luc Bouchard, morally unacceptable tar sands activities. In an act of desperation that exposes a pathological distrust of Albertans, Premier Ed Stelmach and the Conservative government have gone so far as to legislate a muzzle on access to information regarding royalties agreements and calculations. Each and everyone of these decisions bears heavily on not just our natural heritage like fish and wildlife and publicly owned resources, including habitat, but on our collective and individual ability to take back control of our government and of our lives. The ever growing list of failures by Albertas government are designed to fuel continued growth in human population at a time when excessively bloated human populations, Canada included, are crushing the Earths ecological life support systems. Like Nero fiddling while Rome burned, Stelmach and his oil patch cabinet cheer on global climate disruption. They appear oblivious to the fact that each unit of resources converted to human consumption is a unit lost to the natural world, essentially withdrawn from the "bank" of biological diversity upon which humans depend for survival. Each unit of economic expansion represents liquidation of our natural capital. This depletion of our biological support system is where lies the most serious crisis facing us today. Where lurk the solutions to these chronic problems? Dare the citizens of Alberta have the audacity of hope? Well, of course, we dare. And for many years, many Albertans – I would even argue that most of them – have held the audacity of hope that intellect and science will rise to the top in public Alberta. In doing so, a revolutionary and democratic government could provide our part of the world – our gutted and presently meaningless "public" processes, our crippled atmosphere, our few roadless valleys, our fragile and fragmented wildlife populations, our damaged and bleeding fish and wildlife habitat, , just to mention a few on a very long list – new life and new direction. Our vision goes beyond hope to legitimate expectation to see and experience the reality of wisdom, science, and public control of our environmental, social and economic destiny. Public lands and legally entrenched regulatory processes, strong on public oversight, ought to be, and must be, the foundation of the New Alberta, the New North America. Public lands provide us with the least socially and environmentally expensive, most politically and legally accessible, most effective means of securing a reservoir for water and biological diversity, a reserve that might help us buffer the avalanche of global climate disruption impacts cascading down on us. We can, and no doubt will, do battle over the role of private lands, and we will and must fight over the engineering and financial boondoggles that will be proposed to provide us with the ever promised but never materialized nirvana - technological escape from global climate disruption. As has far too long been the case, these technological "white knights" remain as elusive as ghosts, the rarely attainable "birds in the forest". They have been flashed in front of us, like a red cape in front of a bull, to divert us away from the only honest and possible solutions to the cause of all the worlds destruction – capping and reversing human population growth and resource consumption. We do, however, have a "bird" in hand, one that can best kick start our climb out of The Great Darkness. It can best anchor the publics need for and dependence upon water, clean air, a return to an atmosphere with 350 ppm carbon, and a robust life supporting ecosystem. It will go a long ways to meeting our philosophical, emotional and real need for and enjoyment of biological diversity, part of which defines us as humans. That "bird in hand" is physically intact, ecologically functional, legally protected public land. In times of crisis, the people of a land must force their way back into public debate and take control of democratic process and regulatory direction away from those who drove us into this crisis. Fellow citizens, with brighter light from the south shining our way, there will never be a better time than now. Dr. Brian Horejsi is a widlife scientist. He can be reached at: b2horejsi@shaw.ca.
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