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Today's
Stories
June 15, 2007
Andy
Worthington
The Ordeal of Ali al-Marri
Michael
Simmons
Terrorizing Artists in the
USA
Franklin
Lamb
Blowback Across Lebanon: The
Failed Sunni Army Solution
Ali
Abuminah
Bush Doctrine Routed in Gaza
Gary
Leupp
The Day After We Attack Iran
John
Ross
Ballot Burning Time in Ol' Mexico
June 14, 2007
Michael
Donnelly
Charred SUVs and the End
of Citizen Eco-Activism
Faisal
Kutty
Scare Canada: The No-Fly List's
False Sense of Security
Harry
Browne
Ireland's Green Party Sells
Out
Charles
Jonkel
From the Arctic to Yellowstone: Bears in a World of Indifference
Steven
Higgs
Murder in a Small Town: "Gay
Panic" in Indiana?
Bruce
Dixon
Black Power Through Low Power
Radio
Bruce
K. Gagnon
What Do We Do Now? A 10-Step
Plan for Antiwar Activists
Website
of the Day
Finkelgate
June
13, 2007
Glen
Ford
Obama's
Siren Song
Marjorie
Cohn
Repression
in Oaxaca
Bill
Christison
A Grave Injustice at DePaul University
Silvia
Cattori
"I Was Not Prepared for the Horrors I Saw": an Interview
with Hedy Epstein
Richard
Gott
Racism and TV in Venezuela
Firmin
DeBrabander
How the Neocons Misread Machiavelli
William
S. Lind
The Perfect (Sine) Wave: Bombing Railroad Stations in Iraq
Keith
Rosenthal
Workers Score a Victory at Harvard
Website
of the Day
GOP and Monty Python Explain: "Enhanced Interrogation Techniques"
June
12, 2007
Jeffrey
St. Clair
How
to Sell a War
Paul
Craig Roberts
The Neocon Threat to American Freedom
P.
Sainath
India's
Plutocrats and the Press
Ralph
Nader
The Biggest Scam in the World
Omar
Waraich
A Black Day for Pakistan's Press
Dave
Lindorff
Things Your Media Momma Didn't Tell You
Harvey
Wasserman
Confessions of an Anti-Nuke Jerk
Malini
Johar Schueller
It Takes a Bomb
Ramzy
Baroud
War Foretold: Mark Twain and the Sins of Empire
Website
of the Day
Palestinian Chronicle Needs Our Help!
June
11, 2007
Patrick
Cockburn
The
War on Journalists
Paul
Craig Roberts
Losing the Economy to Mythology
Uri
Avnery
40 Bad Years: the Rot of Occupation
Norman
Solomon
The Silence of the Bombs
Eva
Liddell
Paris Hilton Doesn't Do Dishes: How Barbie Stood Up to Allen Ginsberg
Rannie
Amiri
Groundhog Day in Pakistan
Rachel
Voss
Poetry and Politics in Nassau County
Christopher
Brauchli
A Wild West Tale, Starring Rev. Dobson and Bill O'Reilly
D.
K. Wilson
Untangling Michael Vick from the Dogs
Website
of the Day
Paris, Mixed Up
June 9 / 10, 2007
Alexander
Cockburn
Dissidents
Against Dogma
George
Ciccariello-Maher
Behind
Venezuela's "Student Rebellion": Who's Pulling the Strings?
Saul
Landau
An
Interview with Ricardo Alarcon, Vice President of Cuba
Robert
Fisk
Believe It or Not in the Middle East
Brian
Cloughley
Troop Support: Deceptions and Insipid Sentiments
Ron
Jacobs
Condoleezza Rice Names the System
Ward
Boston
Searching for the Truth About the USS Liberty
Conn
Hallinan
Dark Plots in Byzantine Beirut
Leonard
Peltier
The Ongoing War on Native American Religious Practices
Lawrence
Davidson
Israel's New Anti-Boycott Task Force
John
Ross
Mass Nude-In Complicates Church-State Scuffling in Mexico
Kate
Allan
Some People Think the Internet is a Bad Thing
Fred
Gardner
Ignorance Marches On
Stephen
Fleischman
Little Boy, Fat Man and Iran
Monica
Benderman
Reading Tom Paine in a Time of Crisis
Geoff
Bailey
A Real Oil Conspiracy: Gouged at the Pump
Missy
Beattie
Faith and War
Patrick
Dyer
A Democrat Revs Up Ohio's Death Machine
Tim
Lengerich
Dispelling the Cowboy Myth: an Interview with George Wuerthner
James
Irani
and David Rahni
Perspectives on the Arrests of Iran-Americans in Tehran
Gary
Leupp
The Unfair Treatment of Paris Hilton
Michael
Tillery
The Heart of a Sportswriter: an Interview with David Aldridge
Michael
Simmons
Beating Off the Squares: the Hipness of Anton Rosenberg
Poets'
Basement
Laymon, Davies and Ford
Website
of the Weekend
This is Sea Shepherd!
June
8, 2007
Serge
Halimi
What
Sarkozy Learned About Politics from the US
Patrick
Cockburn
The Turkish Incursion
Jeffrey
St. Clair
Israel's Attack on the USS Liberty, Revisited
Paul
Craig Roberts
The Secret War
William
Blum
What If NBC Cheered on a Military Coup Against Bush?
Joshua
Frank
Swing-State Strategy: Looking for a Spoiler
Lance
Selfa
How the Six Day War Changed the Middle East
Dave
Lindorff
A "Criminal Conspiracy" in the White House
Lawrence
Ferlinghetti
The Summer of Love: Flashbacks of a Human Be-In
Website
of the Day
Robert Pollin: "Making the Federal Minimum Wage a Living Wage"
June 7, 2007
Marjorie
Cohn
The
Prison is the War Crime
Soldz,
Reisner and Olson:
A Q & A on Psychologists and Torture
Soldz,
Reisner
and Olson, et al:
An
Open Letter to Sharon Brehm, President of the American Psychological
Association
Paul
Craig Roberts
Losing Iraq, Nuking Iran
Bill
Quigley
"How Long Must We Support a Mistake?"
Silvia
Cattori
Sailing to Gaza
Carl
G. Estabrook
What the June Bug Is: Politics in the Dismal Season
Ellen
Taylor
Free the Tweakers!: The Good News About Meth
Corporate
Crime Reporter
BAE Systems, Prince Bandar and the $2 Billion Account at the Riggs
Bank
Brenda
Norrell
Torture Training at Ft. Huachuca: Two Priests Face Prison for Exposing
Torture in Arizona
D.
K. Wilson
What Gary Sheffield Really Said
Kevin
Zeese
Iraq Occupation Coming to a Head Over Oil
Website
of the Day
How the Press Expired
June 6, 2007
Alain
Gresh
Countdown
to War on Iran
Gary
Leupp
Poddy's Crazy Prayer: Bomb Iran, For Israel and America!
Steven
Sherman
The Perils of Humanitarian Intervention
Bruce
Dixon
Is Bill Gates Trying to Hijack Africa's Food Supply?
Corporate
Crime Reporter
The Professor and the Nukes
Brian
M. Downing
The Iraq War and Presidential Politics
Ron
Jacobs
Luv n' Hate: a Different Take on the Summer of Love
George
Bisharat
The Mirage of the Two State Solution
Nicole
Colson
Over to You, Dante: Falwell's Ministry of Hate
Bruce
K. Gagnon
From Italy to Guam: A Global Peace Movement is Taking Shape
Website
of the Day
How the Democrats Should Treat Bush
June
5, 2007
Michael
Neumann
Canada
in Afghanistan
Jonathan
Cook
The Shin Bet and the Persecution of Azmi Bishara
David
Vest
The Democrats' War
Robert
Fantina
America's Cuba Policy
Hoffman,
Parsneau and Chowdhury
CounterTerrorism as International Healthcare
John
V. Walsh
Shaming the Official Antiwar Movement
Richard
Cretan
Yellow Dog: The Strange Love of Martin Amis and Tony Blair
Adam
Engel
Days of Dread: an American Tale
William
S. Lind
The News from Anbar: Has Al Qaeda Over-Reached?
Myles
Hoenig
Free the Oaks! Cut Down Those Yellow Ribbons!
Jim
Minick
Lead-Foot Nation
Website
of the Day
Punk Rock Soap Opera
June 4, 2007
Nizar
Latif
An
Interview with Moqtada al-Sadr
Diana
Johnstone
Sarko
and the Ghosts of May, 1968
Gregory
Wilpert
RCTV and Freedom of Speech in Venezuela
Paul
Watson
The Anchorage Whale Killing Bureaucrats Summit
Susan
Rosenthal, MD
How Cindy Sheehan Unmasked the Democrats
Richard
Ward
The Right of Return to New Orleans
Eva
Liddell
Don't Support the Troops
Zahi
Khouri
Four Decades of Occupation
Evelyn
Pringle
The FDA, GlaxoSmithKline and the Avandia Disaster
China
Hand
About Those North Korean Benjamin Franklins ...
Karyn
Strickler
George W. Bush: a "Ficeist" Leader
Website
of the Day
The Guantanamo Files
June
2 / 3, 2007
Alexander
Cockburn
The
Last of the Texas Outsiders
Marc
Levy
Iraq
Dead Ahead: a Brief Military History and Civilian Guide to Arlington
National Cemetery
Martin
Smith
Camilo Mejía's War: From Foot Soldier for Empire to Rebel
for Peace
Diana
Johnstone
Great Power Meddling in Kosovo
John
Ross
The Oaxaca Volcano Stews
Uri
Avnery
On Generals and Admirals
Sunsara
Taylor
This is Not a Story About Cindy Sheehan
Richard
Neville
Were the Hippies Right?
P.
Sainath
The Farm Crisis and 100,000 Indian Widows
Missy
Comley Beattie
Let's Roar
Nisrine
Abiad
and Victor Kattan
The Hariri Tribunal: a Fait Accompli?
Rannie
Amiri
Lebanon, Bush and the Three Stooges
Margot
Pepper
Deconstructing "Return to Sender"
Eric
Stewart
Censorship and Cop Brutality in the New Bison Wars
Ralph
Nader
The Halberstam Camp
Dan
Bacher
A Victory for the Fish
Shaun
Harkin
and Sandy Boyer
Irish War Protesters on Trial
Richard
Rhames
Selling Five Acres in Crawford
Frederick
Hudson
The Rediscovery of Ella Fitzgerald
Poets'
Basement
Lindorff, Landau and Buknatski
Website
of the Weekend
Gimme Shelter
June 1, 2007
Dave
Marsh
The
FBI and the Godfather (of Soul): James Brown's FBI Files
Saul
Landau
Return
to Cuba: 47 Years Later in Havana
David
Phinney
How the Baghdad Embassy Was Built: Forced Labor and Worker Abuse
Robert
Jensen
The Bigot and the Boycott
Stanley
Heller
Arrest Robert McNamara
Yifat
Susskind
Indigenous Women Fight Back
Robert
Weissman
Corporate Power Since 1980
Paul
Buchheit
Africa and Its Discontents
William
S. Lind
The Folly of Maximalist Objectives
Sherwood
Ross
78,000 Iraqis Have Been Killed by Coalition Airstrikes
Stephen
Lendman
Terrorism Defined
Website
of the Day
Desert Autonomous Zone
|
June 15, 2007
Sex, Taxes and Real Estate Scams
in Miami
The
View from a Construction Crane
By ALAN
FARAGO
Miami
developers, whose condominiums are nearly completed, could tap into
a new source of revenue based on a news report from the Florida
coastal town, Punta Gorda.
There,
police arrested a couple having sex atop a 100 foot high construction
crane. “The man, who worked at the site and had keys to the
crane, told officers he was photographing the city skyline.”
For
the foreseeable future, renting out crane cabs for sex would generate
a higher percentage profit than selling condominiums in unfinished
buildings.
What
is happening to Miami real estate markets and its skyline dotted
with cranes atop unfinished condominiums is both predictable and
terrifying.And because it is terrifying, not a single elected official
is copping to responsibility in the unfolding collapse, spurred
by their blind enthusiasm for zoning and permitting decisions and
the influence of campaign contributors and the bill-by-the-hour
development lobby.
Today’s
Miami Herald documents the pain felt especially in some of Miami’s
poorer neighborhoods where increasing numbers of homeowners are
facing foreclosure.
The
poor are always hit the hardest by corruption and fraud: the landmarks
of the housing boom as with all sorts of pollution.
They
are also hit, first, on the bottom step. But the entire economic
ladder is being shaken hard and under-reported by the mainstream
media.
Lots
of people in high places (measured not by construction crane height)
are praying that the mortgage fiasco resolves itself quiety. Elected
officials who presided over the mess have their game faces on.
Government
officials—in Congress and the White House—are scrambling
to come up with plans to stage-manage the fallout (urging “cooperative”
efforts of financial institutions to work out billions of loans
generated in the enthusiasm of the “ownership society”—remember
that?).
The
Florida legislature has been engaged in a highly publicized effort
to “jump start” the Growth Machine by slashing property
taxes. But when all is said and done, the proposed relief of 7 percent
is mired in delusion.
Over
the last year revenue that Florida collects from real estate transactions
dipped 25 percent, “causing overall tax revenue to fall for
the first time since the 1970’s.” (New York Times, June
15, 2007)
So,
at the same time that damage in Miami’s condominium, mid-price
and upper price housing markets is just beginning, cuts in tax revenue
piled atop declining tax base are setting the stage for recession
and social unrest.
The
billion-dollar Boca Development—that focused on coastal condos—is
trying to shed hundreds of millions of assets. Production home builders
are burning cash under conditions of tighening credit and balooning
inventory.
The
NY Times reports, today, that a Bear Stearns “set of hedge
funds” tied to leveraged mortgage portfolios is down 23 percent
“and recently suspended redemptions, prohibiting investors
from getting their money back.”
If
you own shares in a hedge fund, you will never know if its managers
have been buying Miami condominiums until it is too late to do anything
about it.
One
is tempted to say, speculation is an individual and personal choice.
But not when the societal outcomes are so severe.
The
notion that what is happening in real estate markets is inconsequential
is reinforced, almost like a mantra, by the financial elite.
According
to the NY Times, “None of the finance officials at the banks
expressed concern about the recent spike in interest rates, suggesting
that the market’s adverse reaction passed quickly and that
spikes occur every year. ‘As long as we continue to see that
kind of benign environment—good availability of economic liquidity—I
don’t think it will have much of an effect on our business,”
Mr. Viniar (chief financial officer of Goldman Sachs) said.”
In markets like Miami, governed primarily by speculators, thousands
of investors are not facing the future with the same equanimity.
In
the next six months as Miami condominiums obtain certificates of
occupancy the real Miami will begin to hurl, showing what was achieved
by politicians in Tallahassee and Washington who promoted the “ownership
society” as the replacement for the dot.com boom.
The
stories are yet to be told of ordinary people who leveraged hard
earned dollars into properties their ordinary incomes cannot afford.
But
of communities in Florida, and developers who got their way by zoning
changes and building permits in wetlands and farmland—suburban
sprawl that should never have been allowed—every single taxpayer
will be paying for terrible decisions made by their elected officials
for a long, long time to come.
Those
at the top of the Ponzi scheme, and the politicians they subsidized,
will be on easy street—no matter how bad inflation gets or
how many police officers scour crane cabs for couples engaged in
free expression.
Alan
Farago of Coral Gables, who writes about the environment,
can be reached at alanfarago@yahoo.com. |