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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 Feb. 27 - March 1, 2009 Harry Browne 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 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 Norman Solomon David Macaray Website of the Day |
Weekend Edition Does the West Have a Role?Understanding KashmirBy ZULFIKAR MAJID Srinagar, Kashmir. The resolution of the Kashmir issue will help eradicate religious extremism in Pakistan. Militant elements in the region will find little reason to blame the West for negative interference once the issue of Kashmir is resolved. There is rise of Taliban in Afghanistan and the rise of Muslim extremism in Pakistan. Pakistan along with Americans is presently fighting resurgent Talibans in its area bordering Afghanistan. But the Kashmir dispute, which dates back to 1947 partition of the Indian sub-continent into India and Pakistan, continues to be the biggest hurdle in peace in the region. The lingering Kashmir dispute allows the extremist elements to incite passions among the masses and get recruits for the global Jihad. It seems the West understands it. The British Foreign Secretary David Miliband wrote in the Guardian after his recent visit to south Asia: “On my visit to south Asia, I am arguing that the best antidote to the terrorist threat in the long term is cooperation. Although I understand the current difficulties, resolution of the dispute over Kashmir would help deny extremists in the region one of their main calls to arms, and allow Pakistani authorities to focus more effectively on tackling the threat on their western border.” The comment, angering the Government of India that considers Kashmir as its integral part, is valid in so far as Kashmir continues to be the hot spot in South Asia and a potential source for the nuclear confrontation. The Kashmir problem began in 1947 with the partition of the British India that led to formation of two sovereign countries India and Pakistan. Pakistan immediately claimed the right over Muslim-dominated Jammu and Kashmir state, in accordance with the principles of the two-nation theory, which stated Muslim majority areas should become part of new dominion called Pakistan. The first war between India and Pakistan over Kashmir started in 1947 with Pakistan gaining control over 1/3rd of Kashmir that is called Pakistan administered Kashmir. Pakistanis call it Azad (independent) Kashmir. The major portion remained under India and is called Jammu and Kashmir. The war ended only after the UN intervention and the UN resolutions that called for withdrawal of troops from both the Kashmirs and the holding of plebiscite. However, India refuses to hold the plebiscite, saying the bilateral agreements between India and Pakistan have made the Kashmir a bilateral issue and any third party including the UN has no role. But still the issue of Kashmir consistently threatens peace in South Asia by straining relations between the two nuclear neighbors, India and Pakistan, and giving rise to increasing militancy and religious extremism amongst the local population. Three wars and ongoing conflict between both the countries has led extremist groups to use religion to garner support amongst Pakistanis and Muslim Kashmiris for their cause. The anti-India armed insurgency backed by mass uprising erupted in Jammu and Kashmir or in Indian controlled Kashmir in 1989 and since then it has consumed some 100,000 people. The human rights activists say that there are some 10,000 persons who were subjected to enforced disappeared by the Indian security forces for the past 20 years. The insurgents in early 90s sought support from the religious elements in Pakistan who support Kashmir jihad and describe it as unfinished agenda of the partition. While as in India the Hindu organizations like RSS consider Kashmir a part of Hindu civilization and oppose its secession. Situation changed for better with the governments of India and Pakistan starting a bus–service between the divided Kashmirs in 2005. Former President of Pakistan Parvez Musharraf advocated demilitarization of Kashmir, a proposal which had several takers in Kashmir-both separatist and mainstreams. Demilitarization was considered to be the prologue to solution of Kashmir problem which would not only bring a much needed political reprieve to the people of Kashmir but will also help in social and economic reconstruction of Kashmir. As the same discourse had picked up in the sub-continent, the November 26 terror attacks in Mumbai changed the scenario with India blaming Pakistani elements for the attacks and Pakistan denying the same. With the Mumbai attacks, Kashmir has again proved to be the only major obstacle in normalization of relations between India and Pakistan as it serves as an inspiration to some militant quarters across the region. General perception is that if this issue is resolved, it will rule out any possibility of a nuclear confrontation between the two neighbors besides denying extremist elements a call for arms. Further, the solution of Kashmir problem will open new possibilities of reduction in burgeoning defense expenditure of India and Pakistan, which will help in poverty alleviation in the region. If the West intervenes in Kashmir and helps in finding a lasting solution to Kashmir problem, it will be seen as a groundbreaking goodwill gesture to the Muslims of the world, which will open new possibilities of dialogue between the West and the Muslim world. It will help Muslims shed off the impression that the West is indifferent to their sufferings across the globe. The separatists or secessionists including some prominent religious leaders argue that the Western intervention is imperative as the bilateral dialogue between India and Pakistan has failed to deliver any substantial result. Despite being Muslims, Kashmiris don’t perceive the West as their enemies. The United Nations Militarily Observers Group office in Srinagar, the summer capital of Kashmir that oversees peace agreement brokered by the UN in 1947 between India and Pakistan and symbolizes the West in Kashmir is thronged by people who submit detailed memoranda seeking the UN and the US intervention in the dispute. Zulfikar Majid is a journalist covering low intensity Kashmir conflict for the last six years and can be emailed at zulfikarmajid@gmail.com |
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