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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 23, 2009 Mike Roselle 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 23, 2009 Kennedy and the Corporate Lobbyists Craft a Business-Friendly Health PlanTed's TableBy HELEN REDMOND So now we know where Senator Edward Kennedy has been in between treatments for his cancerous brain tumor and recuperating at his compound in Hyannisport, or at his other home in Florida. He’s been in secret, invitation only meetings with lobbyists from: Aetna, America’s Health Insurance Plans (AHIP), the Business Roundtable, the United States Chamber of Commerce, and the Pharmaceutical Research and Manufacturers of America (PHRMA). Apparently, Mr. Kennedy doesn’t give a rat’s ass about President Obama’s promise of transparency and limiting the influence of corporate lobbyists in his administration. Mr. Obama is aware of these secret meetings with lobbyists but so far hasn’t expressed any concern or disapproval. Kennedy has been sitting at a table chatting with the corporate killers responsible for the deaths of between 18,000 to 100,000 people every year because they lacked access to health care, and moreover, are the cause of the escalating health care crisis that leaves over 50 million without health insurance. Ted is joined at the table by another group: the American Cancer Society, Easter Seals, the American Association of Retired Persons (AARP), the American Medical Association (AMA), and the A.F.L.-C.I.O. Their presence at these clandestine gatherings is beyond shameful; it’s despicable. They are supposed to represent patients and union members. How do they do it? How do they sit at the table and negotiate with an industry that has demonstrated for decades it cares only about profits and has made life for millions of people an agonizing, living hell? How many patients will they sacrifice and throw under the bus this time around in order to placate big PHRMA, AHIP, and employers and then tell us once again they have solved the health care crisis? Did you notice who is missing from the table: the California Nurses Association (CNA), the Physicians for a National Health Program (PNHP), and the grassroots, national organization Health Care Now! These groups want a single-payer, government financed health care system. Kennedy hasn’t invited these organizations to his top secret brainstorming sessions (by the way, they represent the views of the majority of people in this country) because single-payer is off his table. The coward from Cape Cod is colluding once again with the same corporations to block single-payer, guaranteed health care for all. Mr. Kennedy has said many times that reforming the health care system has been “the cause of my life.” By any measure he has failed spectacularly. One statistic stands out: over 50 million Americans are uninsured in the richest country in the world. It didn’t have to be this way. Kennedy has been a senator for 46 years and sat on powerful committees. If he’d had the balls and the moxie to fight continuously and ruthlessly to pass the Kennedy-Griffiths bill this country wouldn’t be on the brink of a massive health care meltdown. His bill, proposed in 1971, would have created a comprehensive, national health insurance system and abolished the private insurance industry. Instead, Kennedy gave up and threw his support behind tepid, incremental reforms that allowed the parasitic insurance industry to thrive and have brought us to the point of disaster in 2009. He championed the draconian mandate model in his home state of Massachusetts that punishes people who don’t buy insurance and has enriched the already rich health insurance corporations. So sorry Ted, you sold out the cause of your life and the legacy you so arrogantly pursue now will reflect that. An article in the New York Times speculated because Kennedy has a brain tumor, the covert meetings have an added sense of urgency. Oh really? Because he has a brain tumor? Not the patients that according to a study in 2007 titled “Nobody Can Afford a Brain Tumor” face financial ruin? More than 90 percent of those surveyed had insurance. Ah, there’s the rub. Those patients had private insurance plans. AHIP tries to avoid covering cancer patients, they’re “high utilizers” of health care services (imagine that, wanting to receive treatment for cancer!) and that cuts into profit margins. Ted can afford a brain tumor because he has single-payer health care guaranteed for life, courtesy of the Federal government. Our tax dollars pay for his health care so he’ll never have to face medical bankruptcy. A memorandum by the group stated “While there is some diversity of views, the sense of the room is that an individual obligation to purchase insurance should be part of reform if that obligation is coupled with effective mechanisms to make coverage meaningful and affordable. The ideas discussed include a proposal to penalize people who fail to comply with the “individual obligation” to have insurance… There seems to be a sense in the room that some form of tax penalty is an effective means to enforce such an obligation, though only on those for whom affordable coverage is available.” The “sense in the room” is infuriating. It’s the failed Massachusetts Mandate Model enacted nationwide. That it’s failed doesn’t matter to Kennedy and Co. That the coverage isn’t meaningful or affordable and a study just published proves it, doesn’t matter to them either. The most important factor in the model is ideological. The provision of health care is an “individual obligation,” not the responsibility of the government, but rather a commodity to be bought and sold. The private insurance industry remains in the game. With the mandate model the government does have one responsibility: to shovel tax payer money into the coffers of the insurance industry to subsidize the poor souls that can’t afford coverage. The insurance industry in Massachusetts loves the mandate because coercing millions of people to buy their expensive, stripped down plans and reaping millions in subsidies from the state for providing coverage for the poor is a win-win. The industry has indicated they’ll support a national insurance mandate and accept everyone regardless of preexisting conditions only if the government requires (re: forces) everyone to buy coverage, or pay a penalty. The “death eaters” want the entire population delivered into their clutches by government coercion in order to offset losses caused by actually providing health care to sick patients. Alissa Fox, a vice president of the Blue Cross and Blue Shield Association, explained it this way, “Insurance works best when everyone is in the pool. You need healthy people in the insurance pool to help pay for sicker individuals who are much more motivated to buy coverage.” Ms. Fox failed to mention it also “works best” to ensure super profits to that elite group of insurance company CEO’s and stockholders. Cleve Killingsworth, the CEO of BCBS in Massachusetts earned $3.6 million in 2007. The “everyone in the pool” is the insurance industry’s twisted version of the single-payer slogan “Everybody In, Nobody Out.” The penalty provision promotes the ideas that people don’t have health insurance because they’re too cheap, lazy, or don’t care about health coverage until they’re ill. All lies. The health insurance industry denies millions coverage by screening out those with health problems and disabilities, and charges exorbitant premiums for those they are willing to insure. In New York State the average premium per month for a single adult is $900 a month according to the State Insurance Department. If you have a preexisting condition, forget about it. And only in America could the idea that people should be penalized for not buying a defective product become law. The mandate effectively criminalizes and punishes people that don’t comply. Punish, punish, punish patients, not the corporations that charge outrageous premiums, co-pays, and deductibles, invented the ass backwards notion of preexisting conditions, and routinely deny patients life-saving medical care. What’s next, incarcerating those that don’t buy health insurance? There is a big lesson and a big wake-up call for the single-payer movement in this country. The Leadership Conference For Guaranteed Healthcare, which is led by all the groups not invited to Ted’s table, has asked us to call Mr. Kennedy’s office for national call-in days and to write letters asking him to please support single-payer and to introduce John Conyers legislation titled the United States National Health Care Act, H. R. 676 into the Senate. Thousands of people across the country have heeded the call and contacted the senator and his staff on numerous occasions. It’s clear he’s not listening, the single-payer model is not welcome at his table, and he has no intention of supporting H.R. 676. Mr. Kennedy is an opponent of single-payer as is Mr. Obama. Period. So we need a different strategy to get Kennedy and Obama’s attention. Health care activists in DC need to protest outside of these secret meetings and demand to be let in. Kennedy and Co. need to be confronted about the shocking lack of democracy and openness in the health care discussions that are taking place in Washington. The chapter of Physicians for a National Health Program in Massachusetts just sent an open letter to Kennedy signed by 500 doctors explaining that a PNHP study shows unequivocally the mandate is not working and asking him to introduce H.R. 676 into the senate. PNHP will be lucky if Ted’s aides even show him the letter. Much better to have all the signatories show up to the next clandestine meeting and demand to be let in. It’s a travesty that the AMA is allowed a seat at Ted’s table and not PNHP. The majority of physicians now support PHNP’s single-payer position, not the AMA’s hybrid approach. Massachusetts Labor For Health Care (it’s affiliated with Jobs With Justice) sent a letter signed by forty labor leaders to President Obama detailing the problems with the Massachusetts Mandate. They’ll be lucky if his aides even show him the letter. Much better to go to DC with PNHP and demand to be seated at Ted’s table. On March 19th this group of letter signers will deliver a copy of it to Kennedy’s office in Boston. Don’t just deliver it, in collaboration with Jobs With Justice and other single-payer activists, turn it into a picket and protest. It’s an insult to the labor movement that the A.F.L.-C.I.O. is invited in and not the California Nurses Association or even one of the 481 unions or 118 Central State Labor Councils that support single-payer. Michael Moore, where are you? The single-payer movement needs you! Your powerful documentary Sicko unleashed a grassroots movement to fight for single-payer and to make health care a human right in this country. We need you back in DC to participate in hearings and press conferences, to out the politicians that refuse to sign on to H. R. 676, and to engage in the rabble rousing you are famous for. There has been a virtual media blackout on H. R. 676; you could help to get it into the national spotlight. And most importantly of all, the grassroots movement for single-payer has to recruit more people into the movement and engage in public protests that bring everyone together to fight. Letters and phone calls are not enough and are easily ignored. In addition, we have to collaborate with the labor movement, the housing as a human right movement, the immigrant rights movement, and other movements that are demanding change, because after all, health care is an issue that affects every single person. That is our power and our strength and is the only way to win single-payer. Helen Redmond is a member of the Chicago Single-Payer Action Network and a Licensed Clinical Social Worker. She works in the emergency room at Cook County Hospital and blogs at http://helenredmond.wordpress.com She can be reached at redmondmadrid@yahoo.com
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