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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 26, 2009 Dave Lindorff
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 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 26, 2009 Outmanned and OutgunnedWhen People are Fired IllegallyBy DAVID MACARAY Who believes that a 55-year old job applicant has the same chance of being hired as a 25-year old? Even though it’s a violation of federal age discrimination statutes to deny a job solely on the basis of age, who honestly believes it never happens? Or who believes the police won’t stop a car full of young black men before they’ll stop one full of middle-aged white men? Or that landlords don’t avoid renting to certain minorities? Or that a bank will approve a loan for a white person before they’ll approve one for an equally qualified African American? [Note: we refer to that period in American history when banks were still lending money.] Given that stuff like this happens all the time, who would doubt that a company, looking to maintain sovereignty, would terminate an employee for passing out union literature on the job—even when the employer knows it’s a clear violation of federal labor law? Of course, company intimidation can manifest itself in forms less drastic than termination, including veiled threats, hounding, demotions, “punitive” work, and ostracism. The intimidation and harassment of employees engaged in union activism is a major reason why membership in the U.S. remains at a puny 12.4%—despite polls indicating that as many as 60% of America’s workers have expressed interest in joining a union. Working people are understandably scared. Terrified of losing their job or being harassed to death, they’re unwilling to have their pro-union sentiments made public. Wal-Mart employees tell horror stories of being “interrogated” by company officials who suspect them of having met with a union organizer in the parking lot (surveillance cameras monitor the premises) and not reporting it. So hysterical is Wal-Mart’s fear of labor unions, workers are not only regularly subjected to virulent, anti-union propaganda sessions, they’re reminded that they’re required to report any attempt by a union organizer to pass out literature or engage them in a conversation about unions. If the stakes weren’t so high, and the situation didn’t have such dreadful implications, these startling accounts—of Wal-Mart managers behaving like concerned parents, warning their children to report any strange man who tries to give them candy—would be morbidly funny. As conspicuous as Wal-Mart is, it isn’t the only vehemently anti-union company out there; indeed, there are hundreds more just as vehement. But given the mega-retailer’s gluttonous scope and influence, it has come to be regarded as the Grand Mikado of anti-union propagandists. And, in contrast to a typical hard-nosed company, where the ends often justify the means; at Wal-Mart, alas, the ends sanctify the means. Of course, if a company wants to bombard its workers with anti-union venom, that’s their right. After all, it’s their enterprise, their investment, their property, blah, blah, blah. But harassing or firing an employee for distributing union literature is a whole other deal. First of all, it’s illegal. They find you guilty, they punish you. And second, it’s immoral. Not to put too fine a point on it, but those with a religious bent have to realize that an employee being fired for the “sin” of trying to join a lawful workers collective—all because management wants to save a few bucks—is something Jesus wouldn’t approve of (unless one believes that Christ’s notion of “morality” was tied to corporate wealth). A non-union worker is, by definition, outmanned and outgunned. Facing a multi-billion dollar conglomerate by himself, he has about as much chance of “winning” as a one-armed piss ant against a steamroller. When a non-union worker gets fired for engaging in union activism, he has no one to represent him. Because he doesn’t belong to a union—despite his best efforts to join one—he has limited access to the legal apparatus. Yes, federal laws permit you to challenge your discharge with the NLRB; and, yes, the union you’re seeking to affiliate with will usually provide assistance. But unlawful termination cases—even those adjudicated by sympathetic NLRB panels (of which there were few under Bush’s Secretary of Labor, Elaine Chao)—are notoriously difficult to prove. In truth, the overwhelming majority of these petitioners lose their appeals. And, unless you’re part of a big-time, national organizing drive, it’s unlikely your prospective union will push the case as far as it can go. Moreover, these reinstatement hearings can take as long as a year or two to resolve. Even if you win back your job, you can pretty much kiss off any union organizing drive because—besides scaring the bejeezus out of your fellow workers (who, having seen you get fired, slinked back into the shadows)—whatever momentum there was has long since fizzled out. Timing is everything. The moment has come and gone. It goes without saying that companies are not only aware of this dynamic, they rejoice in exploiting it. They behave like your typical “bully.” The same management team who is tentative, even reluctant, about butting heads with a big, bad labor union, can be downright ruthless and cavalier when it comes to getting rid of a vulnerable “unrepresented” union agitator. So it’s a Catch 22 dilemma. You can’t get the full representation you need without belonging to a union. But you can’t belong to a union if you don’t have a job—not even if you had a job and were illegally fired from it for trying to gain access to a union (which would have represented you, had you belonged to it). Meanwhile, Wal-Mart remains a defiantly non-union employer. It continues to prosper. It continues to grow, further cementing its status as the largest retailer in history. It continues to promote its corporate slogan: “Save money. Live better.” A few years ago, SEIU (Service Employees International Union) president Andy Stern flew to China as a guest of Lee Scott (CEO of Wal-Mart), presumably to get a firsthand look at the most famous, government-controlled lapdog union in the world—the ACFTU (All China Federation of Trade Unions). Ain’t that a kick in the head? David Macaray, a Los Angeles playwright (“Borneo Bob,” “Larva Boy”) and writer, was a former labor rep. He can be reached at dmacaray@earthlink.net
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