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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.
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Today's Stories March 2, 2009 Andrea Peacock Feb. 27 - March 1, 2009 Alexander Cockburn Harry Browne Anthony DiMaggio Sasan Fayazmanesh Mischa Gaus Felice Pace Mike Whitney Lee Sustar Peter Lee Nicole Colson Roger Burbach Rannie Amiri Missy Beattie Dave Lindorff Robert David Steele Vivas John Ross Ralph Nader Yves Engler Alan Farago Zulfikar Majid David Yearsley Charles R. Larson Kim Nicolini Lorenzo Wolff Poets' Basement Website of the Weekend February 26, 2009 Dave Lindorff Jonathan Cook Patrick Cockburn Mike Whitney Eamonn McCann Tim Wise Tom Barry Harvey Wasserman Adam Turl David Macaray James McEnteer Website of the Day
February 25, 2009 Chris Sands M. Shahid Alam Chris Floyd Dave Lindorff Norman Solomon Rachel Godfrey Wood Niranjan Ramakrishnan Ron Jacobs Nadia Hijab Dennis Loo Website of the Day February 24, 2009 Paul Craig Roberts Uri Avnery Peter Morici Jonathan Cook Paul Fitzgerald / Andy Worthington Brian Horejsi Julia Stein Norm Kent Rachel Smolker / Dennis Loo James McEnteer Website of the Day 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
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March 2, 2009 Why Civil Disobedience is Justified Locking Down Big CoalBy JOHN BLAIR Today (Monday, March 2), I am likely to get arrested because I intend to help shut down the nefarious Washington, D.C. Capitol Hill coal plant. The ancient plant burns filthy coal, once lodged in now destroyed mountains in Appalachia, to provide steam and heat for the myriad federal offices on Capitol Hill. Coal is not the plant's only option. Indeed, it is equipped to burn cleaner fuels, but still relies on 19th century coal technology because coal state senators like Mitch McConnell, R-KY and Robert Byrd, D-WV throw hissy fits if progressive officials seek to use anything cleaner. Those senators understand the symbolic importance of an antiquated coal plant on Capitol Hill. They know that if the Capitol rejects coal, it will not be long before other regions follow suit. And since they are the beneficiaries of huge volumes of campaign cash from the coal and utility industries, they have chosen to side with their well connected buddies who reap fortunes by blowing up mountains for their own personal greed. Unfortunately for them, we also see the symbolism in a Capitol Hill coal plant and we intend to disrupt its operation, even for a few minutes and hopefully attract the attention of federal officials who make laws just down the street. Sure, some people, after being told for years that coal is our only option for economic survival, will say we are crazy for accepting arrest and whatever that brings with it. But, the patriots who will join me, thousands strong, see it as a necessary act if we are ever going to get a handle on climate change and poor health that coal burning exacerbates. Sending this message is exceptionally vital for people in Kentucky and Indiana which both rely on dirty coal for more than 95% of our electric generation. In fact, my research indicates there is nowhere else on Earth that has more coal burning capacity than the tri-state. For that dubious distinction, we get ill health and fouled water and air while the areas served by the many power plants around here think they are getting clean economic growth. They get good jobs and we get their waste. We know that coal is not going to disappear overnight. But we also know that its day has passed. Its mining methods destroy entire ecosystems, burning it fouls our air and water and disposing of its waste creates huge environmental problems for anyone downstream. Utilities and regulators are figuring those things out, as well. In the last two years, organizations like Valley Watch have successfully challenged the construction of new coal plants and just this month, the governors of South Carolina, Wisconsin and Michigan imposed what amounts to a moratorium on new coal plants in their states. They are opting for increased energy efficiency, conservation and a spate of renewable energy options, knowing that coal is the cause of global warming and will never be its solution. I am proud to have been one of the first people in the nation to see the necessity of eliminating coal from our energy mix. But I am more proud to be a part of a movement that is willing to do what it takes to alter our destructive course and put us on the right track. I am doing this because I truly believe in Valley Watch's purpose-“to protect the public health and environment of the lower Ohio River Valley.” Of course, your support for Valley Watch has and will continue to be appreciated. See us at: http://valleywatch.net John Blair is a Pulitzer Prize winning photographer who serves as president of the environmental health advocacy group Valley Watch in Evansville, IN. He is a contributor to Red State Rebels: Tales of Grassroots Resistance from the Heartland, edited by Jeffrey St. Clair and Joshua Frank. (AK Press) His email address is ecoserve1@aol.com |
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Lightning
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