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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 19, 2008 Ralph Nader June 18, 2008 Nicole Colson Rev. William E. Alberts Vijay Prashad Parvez Ahmed Bob Moss Dave Lindorff David Wilson June 17, 2008 Conn Hallinan Wajahat Ali Marjorie Cohn Uri Avnery David Macaray Rannie Amiri Website of the Day June 16, 2008 Uri Avnery Corey D. B. Walker Howard Lisnoff Dennis Loo Paul Craig Roberts June 13 / 15, 2008 Douglas Valentine Alexander Cockburn Jeffrey St. Clair Peter Linebaugh Ishmael Reed Joe Bageant Harry Browne Andy Worthington Jeff Sharlet Binoy Kampmark Alan Farago Brian Cloughley Manuel Garcia, Jr. Reza Fiyouzat Patrick Bond / David Yearsley Niranjan Ramakrishnan Ronnie Cummins Dan Bacher Michael Dickinson Seth Sandronsky Poets' Basement Website of the Weekend June 12, 2008 Judith Levine Patrick Cockburn Saul Landau Christopher Brauchli Norman Solomon Helen Redmond Laura Carlsen Jeremy R. Hammond Anne Landman Website of the Day June 11, 2008 Paul Craig Roberts Ralph Nader Joshua Frank Clifton Ross Muhammad Idrees Ahmad Stephen Lendman Diane Farsetta Ron Jacobs Deborah Rich Hop Wechsler Website of the Day June 10, 2008 Alan Farago James G. Abourezk Saree Makdisi Malini Johar Schueller John Ross Wajahat Ali Peter Morici Jordan Flaherty Gary Macfarlane Joanne Mariner Website of the Day 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 19, 2008
Hanging Together Why Won't Corporations Take on Big Oil?By RALPH NADER Here is a counter-intuitive story for you. Why don’t organized corporate interests challenge damage or risks to their clear economic interests? Think about oil prices for big consumers, not just your pocketbook. Airlines are groaning, limiting flights, and laying off employees because of the skyrocketing price for aviation fuel. Executives in that industry say that fuel costs are close to 40 percent of the cost of flying you to your destination. The powerful chemical industry is under pressure from the prices they’re paying for petroleum—probably their main raw material. The powerful trucking industry is beside itself with diesel fuel going to $5 per gallon. You can add your own examples—cab companies, tourist industry, auto companies, etc. Why aren’t these very influential lobbies throwing their weight around Washington to get something done about the speculators on Wall Street determining what is paid for gasoline and related petroleum products? It is in their own economic interests. To do what? Well, for starters, push Congress to legislate higher margin requirements for the speculators at the New York Mercantile Exchange—the same fellows who, based on rumors, took the price of a barrel of oil up another $10 in one day. Higher margin requirements (and wider disclosure rules) result in dampening speculation by reducing the amount of borrowed money these traders can use in their gigantic commodities casino. Long-time member of the New York Stock Exchange, Michael Robbins—an astute and fair analyst—says margin rules have historically been used to dampen speculation on stock exchanges. He mentioned a time years ago when the Federal Reserve raised the margin requirement to ninety percent—meaning the traders had to put up 90% of their own money on trades. There are other moves that can be made by Washington to ease the oil price crisis that is fueling inflation throughout the economy and shocking consumers. Suffice it to say that ExxonMobile testified earlier this month in Congress that absent the speculators, the price of a barrel of crude oil would be half what it is today. That would mean about $65 a barrel instead of $130 a barrel. What else do these big corporate buyers of oil need? Another area of major business firms not acting in their own interests involves the proposal in Congress (HR 676) to establish a single-payer health insurance system. That would mean government health insurance, private delivery of health care, free choice of doctor and hospital and saving about half a trillion dollars in insurance company administrative expenses and computerized billing overcharges a year. Presently, tens of millions of workers have employer-based health insurance. For years, CEOs have complained that this cost puts them at a competitive disadvantage with their corporate competitors abroad and in Canada where there is universal government health insurance. Former General Motors CEO, Jack Smith, publicly approved of the Canadian medicare system, which he had experienced when he was head of GM Canada. Under full medicare, these companies will pay less even with an assessment. So, what’s up here? We don’t see these weighty corporate lobbies on Capitol Hill supporting the 91 House members who have endorsed HR 676. Then there is the small business lobby ostensibly represented by the large National Federation of Independent Business (NFIB). Small business is regularly subject to government policies and market discriminations that put them at a disadvantage with their large competitors. Presently, for example, a Small Business Administration report concludes the following:
Are these volume discounts all fair for the Big Boys? Doubtful. Don’t count on the NFIB to protest. More often than not, the NFIB talks small business but walks the walk of the National Chamber of Commerce, which primarily lobbies for the interests of large companies. So, why the overall reticence to fight for their own economic interests? First, corporations do not like to fight each other because they may need each other on other matters. Second, hey also have exposable skeletons in their own closets. Third, they do not have to initiate a business war of retaliation. Fourth, they do not want to give their traditional labor, environmental and consumer adversaries cause to strengthen their own power by, in effect, siding with these groups’ traditional causes. If investors in this country had any power over the companies they own—as individuals, or through mutual funds and pension trusts—an inquiring process could open up on this fascinating question. But as Robert Monks—a leading shareholder activist and writer—has said many times, those same CEOs have their own economic interests—think CEO compensation—in keeping investors powerless. Ralph Nader is running for president as an independent.
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