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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 16, 2009 Patrick Cockburn 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 16, 2009 Save the Whales, Restore the DeltaIs Delta Pumping Driving Salmon and Orca Decline?By DAN BACHER Increases in freshwater exports out of the California Delta, the operation of Shasta Dam and other inland habitat problems have not only led to the collapse of Central Valley salmon populations, but also threaten the southern resident killer whale population. These were the conclusions of National Marine Fisheries Service scientists disclosed during a frank discussion of the recently released rewritten draft biological opinion on the impacts of the state and federal water projects during a meeting in Sacramento with representatives of fishing and environmental groups organized by Richard Pool, coordinator of Water for Fish. The NMFS opinion currently concludes "jeopardy" for winter run chinook salmon, spring run chinook salmons, green sturgeon and the southern resident killer whale species. As a result of litigation by NRDC, Earthjustice and fishing groups, a federal judge ruled that the previous biological opinion violated the Endangered Species Act (ESA). The court ordered the agency directed to issue a new opinion by March of 2009 - and the draft opinion was released in December 2008. The Opinion also concludes the water projects would likely result in the "adverse modification" or "destruction of critical habitat for the three salmon species." Jeopardy and adverse modifications indicate that the Operating Criteria and Plan (OCAP) process cannot move forward as planned. Their conclusion that increased water exports play a key role in the decline of salmon, sturgeon and killer whales is in direct contrast to the politically motivated claims by the Bush and Schwarzenegger administations last year that "ocean conditions" caused the collapse. Staggering losses of salmon and steelhead smolts take place in the Sacramento-San Joaquin Delta, according to the scientists. Indirect losses in the Central Delta were found to be far more significant than losses from direct entrainment at the state and federal pumps on the South Delta. When the cross channel gates on the Sacramento River in the North Delta are open, 65% of the juveniles perish as they are drawn into the Delta interior. When the gates are closed, more than 50% survive. At the pumps themselves, only 16.5% of the juveniles survive at the state facility operated by the Department of Water Resources and only 35% survive at the federal pumps operated by the Bureau of Reclamation. Once fish are pulled into Clifton Court Forebay, nearly all of them are lost. The net total loss in the Delta is approximately 60% of the fish entering the system. This number does not include those lost prior to getting to the Delta. Another alarming conclusion of the biologists is that "endangered steelhead survival out of the San Joaquin is near zero," with flows and predation being major problems. Much of the mortality by the San Joaquin out migrants is caused by the negative flows in Old and Middle rivers. Fish are unable to move to the North Delta because of these southward moving "reverse" flows. The scenario portrayed by the scientists is very similar to that revealed by Frank Fisher, a now retired DFG fishery biologist, when he documented in 1991-92 the direct correlation between the increase in Delta exports and the decline of Sacramento River salmon. He documented a "Black Hole of Death" that occurred to migrating salmon smolts in the Delta, due to reverse flows, stranding and entrainment of fish in the pumps caused by increased water exports. Considered a "maverick" at the time, Fisher's data and conclusions have been vindicated by the draft biological opinion. Overall, when the Sacramento River survival of 20% is combined with the Delta survival of 40%, only 8% of the smolts make it to the West Delta! The biological opinion also documents the major contribution of high water temperatures on the Upper Sacramento to spawning and egg mortality, as well as the staggering loss of juveniles - 80 percent - between Red Bluff and the Delta. Not only do Delta exports hurt salmon, steelhead and sturgeon populations, but they are driving the southern resident population of killer whales to the edge of extinction. Less than 90 whales are left in a population that depends heavily upon Sacramento River spring, fall and winter run chinook salmon for forage. If the salmon go extinct, so will the killer whales (orcas). Zeke Grader, executive director of the Pacific Coast Federation of Fishermen's Associations, emphasized that the plight of the killer whales posed by the salmon collapse shows how both healthy hatchery and wild populations of salmon must be increased. "The decline of the whales gives us a strong basis to protect the Central Valley fall chinook run," noted Grader. "The whales don't distinguish between wild and hatchery salmon or between winter, spring and fall run fish. We should provide protection not just to ESA listed species including winter run and spring salmon, but also make sure that there is maximum hatchery fall fish production." Orcas can grow to 32 feet in length and weigh as much as 18,000 pounds, according to NMFS. The southern resident killer whales are the significant population in the Northwest Region of the U.S. These whales are the "resident" type, spending specific periods each year in the San Juan Islands and Puget Sound, but also range along the California coast down to Monterey. The southern residents feed mostly on salmon. Scientists who participated in the meeting include Rod McInnis, the Regional Director of NMFS, Maria Rea, the Sacramento Area Office Supervisor of NMFS, Russ Strach, the Assistant Director of Protected Species for NMFS, Churchill Grimes, the Director of Fisheries Ecology of NMFS, Bruce McFarlane, Research Scientist for NMFS, Bruce Oppenheim, Biologist for the Upper Sacramento NMFS office, Jeff Stuart, the NMFS Biologist for the Delta, Chris Yates, Long Beach Protected Resources Division of NMFS, John McCamman, Chief Deputy Director of the Calif. Department of Fish and Game, Neil Manji, Chief of Fisheries for the DFG, and Dan Castleberry, Regional Fisheries Program Manager, U.S. Fish and Wildlife Service. The conclusions of the federal scientists are backed up by the data and conclusions included in recently released reports by the Natural Resources Defense Council, Environmental Defense and California Trout. Yes, ocean conditions may be a factor in salmon and steelhead declines, but it is Delta water exports, other water diversions and freshwater habitat problems that have put salmon and steelhead populations on the brink of extinction. President Obama has pledged to break with the political manipulation of science practiced under the previous administration. The frank and open discussion by NMFS scientists about the causes of salmon, green sturgeon and killer whale declines during the stakeholders meeting was a promising start. The evidence of the role of Delta water exports and other freshwater factors in the decline of salmon, green sturgeon and killer whales is inescapable now - and it's time for the state and federal governments, in cooperation with environmental groups, commercial fishing organizations, recreational fishing groups and Indian Tribes - to begin the long road to recovery. We must stop the attempt by the Department of Water Resources and Bureau of Reclamation to suspend Endangered Species Act (ESA) protections for Delta smelt. We must also defeat legislation by Congressman George Radanovich (R-Mariposa), H.R. 856, to temporarily suspend the ESA as it applies to the California pumping facilities during times of "drought" emergencies declared by the Governor. And we must stop the campaign by Governor Arnold Schwarzenegger, Senator Dianne Feinstein and the Nature Conservancy to build a peripheral canal and more dams! Here is the complete report on the NMFS meeting from Richard Pool, coordinator of Water for Fish: For more information about what you can do to save Central valley salmon, southern resident killer whales and the Delta, go to www.calsport.org, www.water4fish.org and www.restorethedelta.org. Dan Bacher can be reached at: Danielbacher@fishsniffer.com
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