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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 February 17, 2009 Michael Hudson 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 17, 2009 The Joke's on Us$400 in ChangeBy GREGORY VICKREY While the Obama administration continues to fly drones and launch missiles at human beings in the sovereign nation of Pakistan; and while the Obama administration extends the policies of the Bush administration on the points of rendition, torture, and state secrets; and while the Obama administration tells us healthcare for all is an impossible goal for our god-blessed nation, we can breathe a sigh of relief. Most of us have a mighty fine tax credit of $400 coming our way. While the Obama administration hears from experts who state global climate change is much worse than previously predicted yet provides billions in handouts to the coal industry; and while the Obama administration intends to send at least 30,000 more troops to further the occupation of Afghanistan; and while the Obama administration prepares to hand out trillions more of our tax dollars to corporations and banks that have raped our society, we can rest our unemployed hands. Some of us may even be worthy of $800. At least 30 attacks on Pakistani soil since June of 2008, says the AP - at least 4 with Obama’s name painted on the warheads. Dianne Feinstein - perhaps she received the information from her military-contractor husband - erroneously claims those drones were launched from inside Pakistan, and that makes it ok. Further, states Feinstein, we have an inked agreement with the Pakistani government to bomb within their borders whenever and wherever we like. Fabrications, to be sure, but who cares when we have a mighty fine tax credit of $400 coming our way? In these times, with our savior in the White House, his apologists throughout both houses of Congress, and his millions of blind supporters ooh-ing and ahh-ing down cliché Main Street and all over Facebook, one can not resist the following two trains of thought. Go with the herd, and continue fawning over the man and the myth, Barack Obama. It makes no difference that he supports limitless spying on you and me via FISA. Obama and his apologists voted for the reenactment of FISA before the election and will now be its enforcers with nary a thought. But it does not matter in these dangerous times. He will probably do something about it later. $400! It does not matter that Obama and his Department of Justice maintain the Bush administration’s expansive reading of the state secrets privilege and rather like the idea of continuing rendition and torture. There is no need to read about that 9th Circuit court brief in the mainstream media. Tax credit! Why fret because the man will not seriously pursue healthcare for all and is doing his darndest to appoint a head of public health that opposes the very idea that good health is a human right? The notion of single payer and private delivery could have been a real stimulus in the recent package, but that would have been too much, too soon. Maybe $800! Or… Coal gets at least $2 billion via the stimulus package in addition to the $2.8 billion it received from the Wall Street handout just a few short months ago but we don’t get any carbon tax or speculation tax to help cover the costs and bridge a portion of the pending deficit gap. Maybe this should anger the environmentalists and fiscal conservatives a bit, given the recent climate status reports, the lack of policy in hand to dramatically reduce carbon emissions, and the fact that the largest pork handout in our history provides billions to Obama’s home state of Illinois for - yes - coal. $400? 30,000 more of our brothers, sisters, daughters, and sons will be deployed to the occupation of Afghanistan in the coming months because, according to Obama, it is the “right war” - and his minion Holbrooke has already made it clear that these troops will be coming to kill and destroy rather than to simply lift up the lie of democracy. Maybe this should tick off the anti-war crowd a bit, given that so many of them swooned at the man’s alter and placed bumper stickers bearing his name next to the peace signs already decorating their cars and now the myth of the man crumbles amongst the Pushtan ruins. A measly tax credit? Banks and other financial corporations will receive a second handout from the Obama administration and its apologists that will likely balloon beyond $2 trillion before all is said and done, even though last fall’s round of giveaways failed to crank up any portion of the economy; provided little fiduciary oversight; and actually handed out billions more of our dollars above and beyond the valued assets of a number of the largest pigs at the trough. Maybe this should frustrate the rest of us who have lost our jobs, our homes, and our lives - not just recently - due to the complicity of Democrats and Republicans whose policies over the last 12 years, especially, brought us to these days of financial ruin and despondency. $800 if we are married? This must be some sort of colossal joke on America. If not, it’s past time to do something. So where are the environmentalists and fiscal conservatives? Where is the anti-war crowd? Where are the rest of us? Perhaps, collectively, we should be marching on Washington DC day after day after day, and bringing about real change rather than just “hoping” for it. Conveniently, we should all soon have an extra $400 to get there. Gregory Vickrey works as a consultant for a variety of nonprofits. He can be reached at: indiahaus@gmail.com |
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