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Today's
Stories
February 8, 2010
Pam Martens
Wall Street's Killer Instinct Spells Death Knell for Jobs
February 5 - 7, 2010
Alexander Cockburn
The Left: Downhill From Greensboro
Paul Craig Roberts
The Free Market Fetish
Forrest Hylton
The Culture of Cocaine
Joanne Mariner
"If You Were in Secret Prisons...:"
The Trial of Aafia Siddiqui
Bill Quigley
Haiti, Still Starving 23 Days Later
Jeffrey St. Clair
Vigilante Justice in the Land of Enchantment
Todd Gordon / Jeffrey R. Webber Consolidating the Coup in Honduras
Joseph Nevins
Bottled Water Syndrome: the Drinking Water Profiteers
Mike Miller
What Do Grassroots Organizers Actually Do When They Organize?
Mark Weisbrot
Why Washington "Cares" About Honduras and Haiti
Alison Weir
The NYT's Ethan Bronner's Conflict With Impartiality
David Swanson
Top 10 Problems with America Assassinating Americans
Missy Beattie
Recall Notices
Jonathan Cook
How
Israel Stole $2 Billion From Palestinian Workers
Richard Morse
Will Clinton Roll With His Pre-Quake Friends in Haiti?
David Ker Thomson
Sects and the City
Benjamin Dangl
Beer Battles
Cal Winslow
Healthcare Workers Savor a Victory
Jim Goodman
Fear of the Organic
Michael Dickinson
What Not to Wear or Say in Turkey
Bouthaina Shaaban
The Arab Community ... the International Community
Don Monkerud
Justice Thomas in Hiding
Ananya Mukherjee-Reed
The Olympics That Will Not Be Televised
Doug Bevington
The Rebirth of Environmentalism
Stephen Martin
Globalization Burning
Charles R. Larson
The Nigerian 419 Scam
David Yearsley
At Last, the Sackbutt Gets Its Due
Kim Nicolini
"Up in the Air:"
a Landscape of Impossible Options
Poets' Basement
Marlin and Farrelly
Website of the Day
CIA Watched as Missionaries Shot Down in Peru
February 4, 2010
Barbara Rhine
Keep What You Have, But Leave the Rest
Barry Lando
Master of Treachery: Kissinger on Iraq
David Macaray
Black Lung Rising
Shamus Cooke
China's Wage Rates for U.S. Workers
P. Sainath
India's Farm Suicides: a 12-Year Saga
Christopher Brauchli
Sammy the Mouth Alito: Chucking Precedent at the Surpeme Court
Ramzy Baroud
Will Israel Target Gaza or Lebanon First?
Suzan Mazur
The Peer Review Prison
Harry Clark
The Invention of the Jewish People
Andy Worthington
Swiss Take Two Gitmo Uighurs
Website of the Day
Selective Compassion
February 3, 2010
Paul Craig Roberts
The Crisis is Not Over
Kathleen Christison
Zionism Laid Bare
Franklin Spinney
The Pentagon Goes Intellectually AWOL
Dean Baker
No Way Out: Roadblocks on the Way to Recovery
Marc Levy
No Medal Jacket
Kathy Kelly
Banning the Homeless in Colorado Springs
Gareth Porter
Talking with the Taliban: US and Karzai Clash
Joshua Frank
Blackwash: How the Coal Ash Industry Manipulated EPA Reports
Rannie Amiri
Saada War Rages On
Gregory Vickrey
Short-Changing the Health Care Debate ... For Now
Website of the Day
Mt. Reagan?
February 2, 2010
Michael Hudson
The Bernanke Disaster
Boadiba
Boadiba's
Earthquake Diary
Chris Floyd
War, Budgets and Blind Ambition
Paul A. Passavant
The Symbolic Politics of the GOP:
State of the Union or Civil War?
Mike Whitney
Bair's Damning Testimony
John Ross
Who's Who in Mexico's Narco Wars?
Jonathan Cook
Israel is Criminalizing Dissent
Susan Galleymore
Wasting Good Waste
Dave Lindorff
Talk Now With the Taliban
Tolu Olorunda
Words as Weapons
Ron Jacobs
I See Hawks and Earthworms
Website of the Day
Cop Watch: Guerrilla Video Primer
February 1, 2010
Michael Hudson
Obama's Junk Economics
Stan Goff
The Murderous Mystique of JSOC: How Secret Becomes Special
Patrick Cockburn
The Case Against Tony Blair
Saul Landau
Universal Disorientation: the Modern Media and Haiti
Dr. Carol Paris, MD
Staying When They Tell You to Leave: What I've Learned Doing Civil Disobedience for Single Payer
Marshall Auerback
A Proposal for Genuine Financial Reform
Harvey Wasserman
Will Obama Guarantee a New Nuclear Reactor War?
Johanna Berrigan
Destruction, Hope and Faith in Port au Prince
Peter Gelderloos
More Wood for the Fire
David Michael Green
An Ugly Week for the Human Race (and Other Living Things)
Martha Rosenberg
If You Liked Bovine Growth Hormone, You'll Love Beta Agonists
Kevin Zeese
Health Care: a Better Idea
Alan Farago
Where Nature Saves the World ... From Us
Website of the Day
Demolishing Flint
January 29 - 31, 2010
Alexander Cockburn
The Oldest Game in Washington
Daniel Ellsberg
A Memory of Howard Zinn
Bill Quigley
Hell and Hope in Haiti
Franklin Spinney
Turning Sun Tzu on His Head: the Eikenberry Cables and the Escalation in Afghanistan
Jeffrey St. Clair
Showdown in the Malheur Marshes
Steve Early
The Night They Drove Old Labor Down
Joe Bageant
The Annotated Obama
P. Sainath
Memories of Maharaj
Jordan Flaherty
The New Politics of Post-Katrina New Orleans
Joshua Frank
Why the Stimulus Falls Short: an Interview with Doug Henwood
Winslow T. Wheeler
The New Pentagon Budget: Spending Even More, Buying Even Less
Brian M. Downing
Negotiating an Afghan Agreement?
Wajahat Ali
Dissent as Democracy: an Interview with Howard Zinn
William Loren Katz
Changing History: Howard Zinn, John Hope Franklin and Ivan Van Sertima
Dave Lindorff
SOTU Whoppers: Obama's Fog Machine
Jim Goodman
The Political Capital is Gone, Now What About Political Will?
Judith Scherr
Sending in the Marines: a Q & A with the State Dept. on Haiti
Kerry Kennedy / Monika Kalra Varma
Human Rights and Haiti
Anthony Papa
The Ordeal of Cameron Douglas: Punished for Being an Addict
David Macaray
A Man for All Seasons
Roger Burbach
Indigenous Challenges to Ecuador's Neo-Liberal Model
Belén Fernández
Police Perform Halftime Show at Zelaya Airport Farewell
Nikolas Kozloff
Chávez and Earthquakes
Dr. Susan Block
Defending the G-Spot: Yes, Virginia, It Does Exist
Windy Cooler
Salinger and Zinn:
Dead Together, But Read Together?
Charles R. Larson
The Last Cargo Cult: Econ. 101 with Mike Daisey
Mikita Brottman
Theaters of Death: Losing it at the Movies
David Yearsley
Fancy Footwork
Lorenzo Wolff
The
Stoic Soul of Bill Withers
David Rovics
He Fades Away: the Life and Music of Alistair Hulett
Poets' Basement
Cirino, Holt and Farrelly
Website of the Weekend
Arrest Blair
January 28, 2010
Bill Quigley
Haitians are Helping Haitians
Peter Hallward
The Fourth Invasion:
Securing Disaster in Haiti
Tanya Golash-Boza
Struggling for Dignity and Survival in Haiti
Shamus Cooke
Taxing the Rich Wins in Oregon
Dave Lindorff
In Liberty County Jail
Ray McGovern
Obama Put Politics First on Afghanistan
Uri Weiss
Distorting the Basic Law:
Apartheid at the Israeli High Court
Thomas M. Power
Logging for Electricity?
Cecil Brown
The Greensboro Sit-In and Obama
Wajahat Ali
Muslims Helping Haiti
Harvey Wasserman
The Late, Great Howard Zinn
Website of the Day
Hayduke, Take a Walk on the Wild Side
January 27, 2010
Daniel Kovalik
Obama's War for Oil in Colombia
Paul Craig Roberts
Rule by the Rich
Dean Baker
We Won't Get Tarped Again!
Uri Avnery
The Two-Headed Monster
Sasha Kramer
Fear Slows Aid Efforts in Haiti
Vijay Prashad
Plan of Death in Haiti
Nikolas Kozloff
Hugo and the Shockwave: the U.S., Latin America and Haiti
Mark Weisbrot
Haiti: Where Security Kills
Jonathan Cook
Holocaust Day Invited Raises Storm in Israel
Bob Fitrakis /
Harvey Wasserman
Et Tu, ACLU?
Binoy Kampmark
Gordon Ramsay in India
Website of the Day
White House Die In
January 26, 2010
Michael Hudson
Myths of Recovery
Joan Roelofs
It's the Whole System
Patrick Cockburn
The Hanging of the Henchman
Mike Roselle
Photographing Mountain Top Removal: an Interview with Antrim Caskey
Brian M. Downing
Return of the Trust Busters
David Macaray
Big Brother is Alive and Well ... and He's Signing Your Paycheck!
Bouthaina Shaaban
Haiti -- Gaza: Varieties of Compassion
Kevin Zeese
Remodeling the Antiwar Movement
Richard Morse
The Press Only Likes Fresh Blood and the Blood in Haiti is Drying
Fidel Castro
We Send Doctors, Not Soldiers
Farzana Versey
Making Haiti: Survival, Charity Tourism and the Marketplace
Jonathan Cook
Israel's "Army-Owned" University
Website of the Day
Bagram: an Annotated Prisoners List
January 25, 2010
Michael Hudson
Will Obama Put Muscle Into the White House's New Populist Play?
Anthony DiMaggio
Supremely Swindled
JoAnn Wypijewski
Judges' Shock Ruling Okays Fantasist's "Repressed Memories" Fraud
Nadia Hijab
Aiding Yemen
Robert Jensen
Great Television, Bad Journalism: Media Failures on Haiti
John Maxwell
Boojum Hunting in the Caribbean
Richard Morse
Tweets From Port au Prince:
We are Far From Normal
Marilyn Langlois
Standing Shoulder-to-Shoulder in Haiti
Dan Bacher
Has Obama Sold Out to Big Ag?
James L. Secor
The Mental Paralysis of the Left
Jayne Lyn Stahl
Putting the "Pro" Back Into Progressive
Website of the Day
Glenn Beck's "Revolution Holocaust"
January 22/24, 2010
Alexander Cockburn
The Great Leap Sideways
Russell Feingold
The Supremes Have Opened the Floodgates
Ralph Nader
The Supremes Bow to King Corporation
Christopher Ketcham
Freedom of Speech for a Fiction
Manuel Garcia, Jr
Corporate Personhood and Political Free Speech
Paul Craig Roberts
How Wall Street Destroyed Health Care
Jeffrey St. Clair
Poison Letters
Nikolas Kozloff
A Thorn in the Side of the U.S. Military in Haiti
Jean Damu
Haiti: Blood, Sweat and Baseball
Mitchel Cohen
Haiti and Toxic Waste
Paul Buccheit
The Tragedy of Haiti ... and Us
Conn Hallinan
Something About Yemen
Steven Higgs
The Mystery of the Eli Lilly Rider
Rob Stone, MD
Face Time With Rahm on Health Care
Saul Landau /
Nelson P. Valdes
The Preventive Coup
Ron Jacobs
Just Walk Away From the Democrats
Vijay Prashad
The Killings in Bengal
P. Sainath
India:
Self-Slaughter Every 30 Minutes
M. Shahid Alam
Inviting David Brooks to My Class
George Wuerthner
Why Grass-Fed Beef Won't Save the Planet
Missy Comley Beattie
Could a Woman Who Posed Nude Get Elected?
Jean Sabaté
Russia's Ruined Far East Metropolis
Shamus Cooke
Company Unionism
Stephen Fleischman
The Founding Fathers and the Luck of the Draw
Michael Donnelly
Gitmo Closes
David Michael Green
How to Wreck a Presidency
Michael Dickinson
Art on Trial in the Capital of Culture
Charles R. Larson
In the Aftermath of 9/11
David Yearsley
From the Liberace Museum to Persian aub Zam Zam
Lorenzo Wolff
Catching Ziggy on the Lower East Side
Poets' Basement
Ahmad and Corseri
Website of the Day
Hitler Finds Out Scott Brown Won Mass. Senate Seat
January 21, 2010
Paul Craig Roberts
Security Fools
Alan Farago
Fat Tires in the Everglades
Richard Morse
Earthquake in the Red Zone
Stewart J. Lawrence
The Prospects for Comprehensive Immigration Reform
Harvey Wasserman
The Weimar Democrats
Carl Finamore
Class Clowns
Ramzy Baroud
Iran and Latin America: the Press Stirs the Pot
Marshall Auerback
Obama Still Doesn't Get It
Fawzia Afzal-Khan
Pakistan Love Story
Adam Federman
Did Commercial-ization Kill the Bees?
Website of the Day
How Free Market Theory Destroyed the Free Market
January 20, 2010
Alexander Cockburn
A Richly Deserved Humiliation
James Bovard
How the Patriot Act Perpetuates Official Robberies
Mary Lynn Cramer
Class and Party Differences in Massachusetts
Dean Baker
Making the Banks Pay
Uri Avnery
The Turkish Incident
Kathy Kelly
Tough Minds and Tender Hearts
Jeb Sprague
Haiti's Classquake
Ron Jacobs
Revolution Not a Tea Party
John V. Walsh
Why I Voted for the Republican in Massachusetts
Bouthaina Shaaban
A Wise Strategy for Obama
Gail Dines
The Ideal Partner?
Website of the Day
Water Insecurity in the Colorado Basin
January 19, 2010
Michael Hudson
Wall Street's Power Grab
John Maxwell
No, Mister, You Can't Share My Pain
Stephen Soldz
The Guantánamo Suicides
Richard Morse
Tweets from Port au Prince: "A Hungry Man is an Angry Man..."
Björn Kumm
The Tragedy of Toussaint L'Ouverture
Gary Leupp
Blowback of the Drones
Eric Toussaint /
Sophie Perchellet
Haiti's Odious Debt
Nikolas Kozloff
Chile's New Right
Benjamin Dangl
Profiting From Haiti's Misery: If the Marines Don't Kill You, the Loans Will
Dave Lindorff
The Blackout on Cuban Aid to Haiti
Robert Roth
The Politics of an Earthquake
Website of the Day
Break Up the Big Banks--ASAP
January 18, 2010
Petra Bartosiewicz
The Intelligence Factory: How America Makes Its Enemies Disappear
Nelson P. Valdés
The Rescue Operation's Priorities in Haiti
Bill Quigley
Why the U.S. Owes Haiti Billions
Richard Morse
I See No Evidence of a Government Presence Here: Tweets from Port au Prince
Tolu Olorunda
More Than Aid, Haiti Needs Allies
John Ross
The Silence of the Sub
Manuel Garcia, Jr. The Murder of Masoud Alimohammadi: Assassinating the Iranian H-Bomb
Ralph Nader
Privatizing Everything
Franklin Lamb
How McCain was Greeted in Lebanon
Frederick B. Hudson
Plucking the Chords of Change
Website of the Day
Senator Centerfold
January 15-17, 2010
Alexander Cockburn
Bum Rap for Harry, Not for Bubba Bill
Richard Morse
The Streets are Now Haiti's Living Room, Bedroom and Morgue
Bill Quigley
Ten Things the U.S. Can and Should Do for Haiti
Patrick Cockburn
Crushing Haiti, Now as Always
Jeffrey St. Clair
On the Firing Line
Anthony DiMaggio
Remaking an American Myth:
Haiti, U.S. Aid and Humanitarian Relief
Tom Reeves
Haiti, Where America Never Learns
Daniel Wolff
Haiti's Ongoing Emergency
Alan Nasser
Obama's Latest Ruse: the Bank Tax
Saul Landau /
Nelson P. Valdes
A Coup in Honduras ... So Twentieth Century!
Andrew Oxford
Afghanistan's Soft-Spoken Rebel
Michael Donnelly
Big Greens and Real Greens: Biodiversity in the Age of Big Money Environmentalism
Russell Mokhiber
Democrats Going Down in Flames
Darwin Bond-Graham
The Green Drillers
Missy Beattie
War Dealer
David Ker Thomson
The Attention Economy
Gary Leupp
War on Yemen
Ron Jacobs
The Untold Story of Afghanistan
Clifton Ross
Nicaragua Now: Living the Farce
Jordan Flaherty
Her Crime? Sex Work in New Orleans
Marshall Auerback
Why Placating the Tea Baggers Protects the Status Quo
Marjorie Cohn
Keeping Same Sex Marriage in the Dark
Joe Bageant
Bass Boats and Queer Marriage
Tariq Ali
Remembering Daniel Bensaîd
Jayne Lyn Stahl
Too Soon to Fail?
Charles R. Larson
Iran at the Seams
Kim Nicolini
Vampires in Hard Times
David Yearsley
Histories of Western Music, From Grout to Kleinzahler
Poets' Basement
Garcia and Bryan
Website of the Weekend
Green Tags: Words That Stick
Support Haiti Action
January 14, 2010
Ashley Smith
The Incapacitation of Haiti: Before and After the Quake
Harvey Wasserman
Hard Core Green: How to Kick Corporate Butt
Dean Baker
The Case for Bernanke: a Really Bad Joke
Brian Cloughley
Selective Compassion
Brock L. Bevan
One Night in Sana'a: Parties, French Girls and Security in Yemen
Don Monkerud
The Health Insurance Monopoly
Winslow T. Wheeler
More Pentagon Spending
Gideon Levy
Only Shrinks Can Explain Israel's Behavior
Adam Federman
The Exxon Clause
James McEnteer
This Week in Stupid
Brian Concannon Jr
Working with the Haitian Government
Website of the Day
Protest at Wall Street
January 13, 2010
Patrick Haenni /
Sami Amghar
The Myth of Muslim Conquest
Jonathan Cook
The Iron Dome
Cecil Brown
Knocking on Woods: What Tiger Woods Jokes Tell Us About the American Character
Steven Higgs
Mercury and the "Environmental Soup"
Paul de Rooij
A People's Cartoon History of Gaza
Richard Forno
What Happens When They Change Targets?
Dr. Trudy Bond
Psychologists in an Age of Torture
Daniel Drennan
A Black Panther in Beirut
Martha Rosenberg
The "Good Cancer" Spin
Brenda Baletti, Gilson Rego and Antonio Sena
Battle in Amazonia
Website of the Day
Haiti Aid: Artists for Peace and Justice
January 12, 2010
Bill Salganik
The Myth of "Cadillac" Health Plans
Uri Avnery
The Quiet American Goes to Yemen
Dean Baker
Big Bank Theory
Dan Kovalik
Chiquita Lauded for Human Rights Abuses
Raza Naeem
Yemen's Memories of Revolution and Resistance
George Wuerthner
Up in Smoke: Why Biomass Wood Energy is Not the Answer
Dave Lindorff
Looking for Those Green Shoots
David Macaray
I am Blacker Than Rod Blagojevich
Tolu Olorunda
Bono Bombs, Again
Patrick Bond
Copenhagen Inside-Out
Website of the Day
Unfortunate Checkout Aisle Juxtapositions: Tiger and Abdulmutallab
January 11, 2010
Patrick Cockburn
Only Fools Rush Into Yemen
Gareth Porter
Potemkin Tunnels: Iran Uses Fear of Secret Nuclear Sites to Avert Attacks
John Ross
Mexico Welcomes 2010 With Bombs and Riots
Gregory V. Button
TVA Health Assessment Report on Coal Ash Raises Troubling Questions About the Agency
Ralph Nader
The Last of the Prairie Populists:
Losing Byron Dorgan
Tom Barry
Not Systemic Failure, Failed System
Mikita Brottman
The Healing Powers of Facebook
David Michael Green Lost in the White House
David Swanson
Obama as the Secret Decider
Kevin Zeese
The Baucus 8 Are Free
Website of the Day
Solitary Watch: News From a Nation in Lockdown
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February 8, 2010
Timothy Geithner and AIG-Gate
The World's Greatest Insurance Heist
By ELLEN BROWN
Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster:
Each day brings more revelations of efforts of the NY Fed and Goldman Sachs to hide the details of the criminal conspiracy of the AIG bailout. . . . This is a real crisis on the scale of Watergate. Corruption at its finest.
But unlike the perpetrators of the Watergate scandal, who wound up looking at jail time, Geithner evidently has a golden parachute waiting at Goldman Sachs, not coincidentally the largest recipient of the AIG bailout. At least that is the rumor sparked by an article by Caroline Baum on Bloomberg News, titled “Goldman Parachute Awaits Geithner to Ease Fall.” Hank Paulson, Geithner’s predecessor, was CEO of Goldman Sachs before coming to the Treasury. Geithner, who has come up through the ranks of government, could be walking through the revolving door in the other direction.
Geithner has been under the House microscope for the decision of the New York Fed, made while he headed it, to buy out about $30 billion in credit default swaps (over-the-counter derivative insurance contracts) that AIG sold on toxic debt securities. The chief recipients of this payout were Goldman Sachs, Merrill Lynch, Societe Generale and Deutsche Bank. Goldman got $13 billion, roughly equivalent to its bonus pool for the first 9 months of 2009. Critics are calling the New York Fed’s decision a back-door bailout for the banks, which received 100 cents on the dollar for contracts that would have been worth far less had AIG been put through bankruptcy proceedings in the ordinary way. In a Bloomberg article provocatively titled “Secret Banking Cabal Emerges from AIG Shadows,” David Reilly writes:
[T]he New York Fed is a quasi-governmental institution that isn’t subject to citizen intrusions such as freedom of information requests, unlike the Federal Reserve. This impenetrability comes in handy since the bank is the preferred vehicle for many of the Fed’s bailout programs. It’s as though the New York Fed was a black-ops outfit for the nation’s central bank.
The beneficiaries of the New York Fed’s largesse got paid in full although they had agreed to take much less. In a November 2009 article titled “It’s Time to Fire Tim Geithner,” Dylan Ratigan wrote:
[L]ast November . . . New York Federal Reserve Governor Tim Geithner decided to deliver 100 cents on the dollar, in secret no less, to pay off the counter parties to the world's largest (and still un-investigated) insurance fraud -- AIG. This full payoff with taxpayer dollars was carried out by Geithner after AIG's bank customers, such as Goldman Sachs, Deutsche Bank and Societe Generale, had already previously agreed to taking as little as 40 cents on the dollar. Even after the GM autoworkers, bondholders and vendors all received a government-enforced haircut on their contracts, he still had the audacity to claim the “sanctity of contracts” in the dealings with these companies like AIG.
Geithner testified that the Fed’s hands were tied and that the bank could not “selectively default on contractual obligations without courting collapse.” But if it was all on the up and up, why all the secrecy? The contention that the Fed had no choice is also belied by a recent holding in the Lehman Brothers bankruptcy, in which New York Bankruptcy Judge James Peck set aside the same type of investment contracts that Secretaries Paulson and Geithner repeatedly swore under oath had to be paid in full in the case of AIG. The judge declared that clauses in those contracts subordinating other claims to the holders’ claims were null and void in bankruptcy.
“And notice,” comments bank analyst Chris Whalen, “that the world has not ended when the holders of [derivative] contracts are treated like everyone else.” He calls the AIG bailout “a hideous political contrivance that ranks with the great acts of political corruption and thievery in the history of the United States.”
If you tell a lie big enough and keep repeating it, said Joseph Goebbels, people will eventually come to believe it. The bailout of Wall Street initiated in September 2008 was premised on the dire prediction that if major counterparties in the massive edifice of derivative contracts were allowed to fall, the whole interlocking house of cards would collapse and take the economy with it. A hijacked Congress dutifully protected the derivatives game with taxpayer money while the real economy proceeded to collapse, the financial sector choosing to put their money into this protected form of speculative betting rather than into the more mundane and risky business of making loans to struggling businesses and homeowners. In the end, $170 billion of federal funds went to AIG and the banks feeding at its trough. Meanwhile, a survey of state finances by the Center on Budget and Policy Priorities think tank found that state governments face a collective $168 billion budget shortfall for fiscal 2010. If the money used to bail out AIG and the banks had been used to bail out the states instead, the states would not be facing insolvency today.
There is no law against gambling, but there is a law against fraud. In Watergate, a special prosecutor was appointed to bring criminal charges; but times seem to have changed.
Ellen Brown is the author of Web of Debt: the Shocking Truth About Our Money System and How We Can Break Free. She can be reached through her website.
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