home / subscribe / donate / books / archives / search / links / feedback / events / faq
Inside the New Print Edition of Our Subscriber-Only Newsletter!
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.
|
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 A Disaster for People and the EnvironmentBiofuels: Promise or Threat?By RACHEL SMOLKER and BRIAN TOKAR In the coming weeks, the Obama administration is expected to release its plans to address the dual problems of global climate disruption and excessive dependence on foreign oil. Meanwhile, in the background, the debate among environmentalists over biofuels and their contribution to future energy needs continues to intensify. Many mainstream greens actively support biofuels as a central element in an anticipated future mix of energy sources, but voices from the global South are often far more critical. They insist that fuels such as biodiesel, bioethanol and proposed “second generation” fuels be termed “agrofuels,” viewing their widespread use as a potential boon for global agribusiness corporations, with potentially devastating consequences for land-based peoples. This view is now gaining widespread support from groups in the US and Europe. We strongly oppose the rapid and destructive expansion of agrofuels; the large-scale industrial production of transport fuels and other energy from plants (corn, sugar cane, oilseeds, trees, grasses, waste etc.). Agrofuels are a false solution and a dangerous distraction and they must be halted. Agrofuels are a "false solution". Many prominent voices in the United States, including President-elect Obama, have voiced support for the large-scale production of agrofuels as a central strategy for solving the problems of energy supply and global warming. A growing body of scientific evidence, however, indicates that this is a tragic misconception and that continued pursuit of agrofuels will aggravate severely rather than resolve the multiple and dire consequences of the climate, energy, food, economic and ecological crises we face. Like other dirty and dangerous technologies and devices being promoted by industry to supposedly address climate change-including "clean coal," carbon capture and storage [CCS], coal gasification, nuclear power, carbon offset markets, and ocean fertilization-agrofuels are a distracting "false solution" promoted for their potential to reap profits rather than their capacity to address problems effectively. [1] Agrofuels worsen climate change and poverty. A growing body of literature from all levels of society is revealing that, when all impacts are considered, agrofuels create more, not less, greenhouse gas emissions; deplete soil and water resources; drive destruction of forests and other biodiverse ecosystems; result in expanded use of genetically engineered crops, toxic pesticides, and herbicides; and consolidate corporate control over access to land. While claims are made that agrofuels will benefit the rural poor, in reality, indigenous and smallholder farmers are increasingly displaced. Industrial agriculture and the destruction of biodiversity, two leading causes of global warming, will be further facilitated by agrofuels. [2] Next generation "cellulosic" fuels will not resolve the problems. With recognition of the role of agrofuels in driving up food prices, there has been increasing attention to the social and ecological costs of corn and sugar cane derived ethanol. In response, there is now a massive push to develop non-food, so-called cellulosic fuels based on claims that these new feedstocks (grasses, trees, and "waste" products) will not compete with food production and can be grown on "idle and marginal" lands. The incoming Obama Administration is clearly positioning to advocate strongly on this platform. [3] Unfortunately, these claims do not hold up to scrutiny. An enormous additional demand for trees, grasses and other plants, edible or inedible, will not avert the problem of land-use competition. Land that could be used for food crops or biodiversity conservation will be increasingly diverted into energy production. Demand for land for both agriculture and timber is already intense and escalating globally as water, soil and biodiversity dwindle and the climate becomes increasingly unstable. [4] The scale of demand cannot be met sustainably. Virtually all of the proposed cellulosic feedstocks (including dedicated energy crops such as perennial grasses and fast growing or genetically engineered trees, agricultural and forestry "wastes and residues", municipal wastes etc.) present serious ecological concerns on the scale required to maintain biorefinery operations and significantly contribute to U.S. energy demands. Furthermore, renewable fuels targets in the U.S. mandate the use of 15 billion gallons of corn ethanol per year, an amount that requires one third of the nations corn crop, and an additional 21 billion gallons a year of "advanced" agrofuels, the definition of which opens the possibility that demand will be met with foreign sources. The massive new demand for agrofuels is escalating deforestation and resulting in conversion of biodiverse and carbon-rich native forests and grasslands into biologically barren and carbon-poor industrial tree plantations and other crop monocultures. [5] Land use changes resulting from industrial agriculture, including widespread deforestation, are major causes of climate change. Recent research finds that old growth forests sequester far more carbon than was previously estimated, (i.e. Intergovernmental Panel on Climate Change underestimated carbon stocks for temperate old growth forests by two-thirds). This means that deforestation has been a much larger causal factor in global warming than initially thought, and that intact natural forests are critical for sequestering carbon. It is imperative therefore that we protect remaining forests, grasslands and other carbon-rich ecosystems. [6] The widespread application of biotechnology for agrofuel production, including genetically engineered (GE) feedstock crops such as GE grasses and GE trees, and plans to use synthetic biology and other genetic engineering techniques to alter and construct microbes, is an unacceptable and dangerous risk. [7] Sustainability criteria cannot address the problems with agrofuels because they are incapable of addressing many complex and often indirect ecological and social impacts. Neither can they be implemented under globally diverse ecological, social and political situations. Similar efforts to develop criteria for soy, palm oil and timber, for example, have proven vastly inadequate. Finally, these efforts are based on the fundamental and flawed assumption that such massive demands can and should be met. Agrofuels are not a renewable energy source. While plants do re-grow, the soils, nutrients, minerals and water they require are in limited supply. The diverse and complex ecosystems that native plants belong to are also limited and not easily regenerated. Subsidies and incentives for renewable fuels should be focused on truly renewable options, like wind and solar energy. Instead, currently in the U.S. close to three-quarters of tax credits and two-thirds of federal subsidies for renewable energy are being wrongly invested in agrofuels. [8] Agrofuels are a disaster for people. As governments, investors and corporations recognize the increasing demand for and profitability of land for food, fiber and now energy, we are witnessing a veritable tidal wave of land grabbing on a global scale. This is disastrous for rural and indigenous peoples who are increasingly being evicted or displaced. If tariffs currently limiting international agrofuel trade are diminished or eliminated, social and ecological damages will escalate. Social movements around the world, including the international peasant movement, Via Campesina, call for "food and energy sovereignty." Via Campesina, along with the independent International Assessment of Agricultural Knowledge, Science and Technology for Development (IAASTD), a long-term independent assessment of agriculture involving over 400 scientists and diverse stakeholders, point to the key importance of a return to locally controlled, diverse, ecologically sensitive, and organic agriculture practices as vital to both addressing climate change and poverty. In demanding a halt to the insanity of agrofuel expansion, we stand in solidarity with peoples around the world who are resisting the loss and destruction of their lands, and with the wildlife and biodiversity being driven to extinction for corporate profit. [9] Real solutions must be given a chance. There are numerous better options for addressing climate change. These are generally proven, do not involve risky technologies, return control of resources to local inhabitants rather than profiting irresponsible corporations, and are more equitable. [10] These include but are not limited to:
See the complete list of 40 organizations that have signed on to this letter, along with detailed notes and more than 30 supporting references at http://globaljusticeecology.org/connections.php?ID=244. To add your group’s signature to this letter, email your organization’s name, contact person and website address to contact@globaljusticeecology.org. Rachel Smolker is an independent research scientist, based in Hinesburg, Vermont, and Brian Tokar is the director of the Institute for Social Ecology, based in Plainfield, Vermont. For more information on the Institute, go to social-ecology.org.
|
Now Available from CounterPunch Books! Waiting for
Lightning
|