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Today's Stories February 11 / 12, 2006 Ralph Nader Bringing Democracy to the Federal Reserve February 10, 2006 Carl G. Estabrook A US War Plan for Khuzestan? Sen. Russell Feingold A Raw Deal on the Patriot Act Roxanne Dunbar-Ortiz How Did Evo Morales Come to Power? Saree Makdisi The Tempest Over the Hamas Charter Website of the Day The New York Art Scene: 1974-1984   February 9, 2006 Dave Lindorff Bush and Yamashita: War Crimes and Commanders-in-Chief Mike Marqusee The Human Majority was Right About Iraq Paul Craig Roberts How Conservatives Went Crazy: the Rightwing Press Peter Phillips Inside the Global Dominance Group: 200 Insiders Against the World William S. Lind Rumsfeld the Maximalist: the Long War Christine Tomlinson Innocent Targets in the "Long War": False Positives and Bush's Eavesdropping Program Will Youmans Church of England Votes to Divest from Israel Robert Robideau An American Indian's View of the Cartoons Richard Neville The Cartoons That Shook the World: All This from the Danes, the Least Funny People on Earth Peter Rost The New Robber Barons Website of the Day Eyes Wide Open   February 8, 2006 Ron Jacobs The Once and Future Sly Stone: Soundtrack to a Riot Stan Cox Making and Unmaking History with General Myers Sen. Russ Feingold Why Bush's Wiretapping Program is Illegal and Unconstitutional Robert Jensen Horowitz's Academic Hit List: Take a Class from One of the CounterPunch 16 Rep. Cynthia McKinney Bush Should Have Wiretapped FEMA and Chertoff Niranjan Ramakrishnan Alberto Gonzales Channels Mark Twain Don Monkerud Covenant Marriage on the Rocks David Swanson Inequality and War C.L. Cook Nuking Ontario Christopher Fons Chill Out Jihadis: They're Just Cartoons! Jeffrey Ballinger The Other Side of Nike and Social Responsibility Website of the Day Encyclopedia of Terrorism in the Americas   February 7, 2006 Edward Lucie-Smith An Urgent Plea to Save a Small Estonian Museum from Neo-Nazis Robert Fisk The Fury: Now Lebanon is Burning Paul Craig Roberts Colin Powell's Career as a "Yes Man" Neve Gordon Why Hamas Won Joshua Frank The Hillary and George Show: Partners in War Peter Montague The Problem with Mercury: a History of Regulatory Capitulation Jackie Corr The Last Best Choice: Public Power and Montana Jeffrey St. Clair Rumsfeld's Enforcer: the Secret World of Stephen Cambone Website of the Day Negroes with Guns   February 6, 2006 Christopher Brauchli Spilling Blood: Two Sentences Robert Fisk Don't Be Fooled: This Isn't About Islam vs. Secularism John Chuckman What Did Stephen Harper Actually Win? Jenna Orkin Judge Slams EPA for Lying About 9/11's Toxic Air Paul Craig Roberts Who Will Save America: My Epiphany   February 4 / 5, 2006 Alexander Cockburn "Lights Out in Tehran": McCain Starts Bombing Run Mike Ferner Pentagon Database Leaves No Kid Alone James Petras Evo Morales's Cabinet: a Bizarre Beginning in Bolivia Alan Maass Scare of the Union: Dems Collaborate with Bush on Surveillance Fred Gardner Annals of Law Enforcement: a Look Inside the San Francisco DA's Office Ralph Nader Bush's Energy Escapades Bill Glahn RIAA Watch: Speaking in Tongues Saul Landau Freedom 2006: Buying Sex on the Net or Those Older Freedoms? Laura Carlsen Bad Blood on the Border: Killing Guillermo Martinez James Brooks Our Little Shop of Diplomatic Horrors Mike Roselle Hippies and Revolutionaries in Carcacas John Holt Black Gold, Black Death: Canada's Oil Sands Frenzy Sarah Ferguson Cops Suing Cops ... for Spying on Cops William S. Lind Beware the Ides of March Niranjan Ramakrishnan The Price of Globalization: Free Trade or Free Speech? Seth Sandronsky The Color of Job Cuts in the Auto Industry Derrick O'Keefe Rumsfeld's Hitler Analogy Michael Donnelly Hop on the Bus Ron Jacobs Religion and Political Power Elisa Salasin RSVP to Bush St. Clair / Vest Playlists: What We're Listening to This Week Stew Albert God's Curse: Selected Poems Poets' Basement Guthrie, LaMorticella and Engel Website of the Weekend Killer Tells All!   February 3, 2006 Toufic Haddad A Parliament of Prisoners Heather Gray Working with Coretta Scott King Tim Wise Racism, Neo-Confederacy and the Raising of Historical Illiterates Conn Hallinan Nuclear Proliferation: the Gathering Storm Eva Golinger Rumsfeld and Negroponte Amp Up Hositility Toward Venezuela Daniel Ellsberg The World Can't Wait: Invitation to a Demonstration Dave Zirin Detroit: Super Bowl City on the Brink Robert Bryce The Problem with Cutting US Oil Imports from the Middle East Website of the Day The Chavez Code   February 2, 2006 Winslow T. Wheeler Pentagon Pork: How to Eliminate It Stan Cox Outsourcing the Golden Years Rachard Itani Danes (Finally) Apologize to Muslims (For the Wrong Reasons) Mike Whitney Afghanistan Five Years Later: Buildings Down, Heroin Up Amira Hass In the Footsteps of Arafat: an Interview with Hamas' Ismail Haniya Norman Solomon When Praise is Desecration: Smothering King's Legacy with Kind Words Michael Simmons Stew Lives! Christopher Reed Japan's Dirty Secret: One Million Korean Slaves Website of the Day State of Nature   February 1, 2006 Sharon Smith The Bluff and Bluster Dems: Alito and the Faux Filibuster Jason Leopold Enron and the Bush Administration Cindy Sheehan Getting Busted at the State of the Union: What Really Happened Joseph Grosso Oprah and Elie Wiesel: a Match Made in "Neutrality" Earl Ofari Hutchinson Coretta Scott King was More Than Just Dr. King's Wife Steven Higgs Life After Roe. v. Wade Robert Robideau "God Given Rights": Palestine and Native America R. Siddharth Tales of Power: When Gandhi Rejected a Faustian Bargain with Henry Ford Jim Retherford Remembering Stew Albert: the Quiet Genius Rep. Cynthia McKinney The Legacy of Coretta Scott King Paul Craig Roberts The True State of the Union Website of the Day Candide's Notebooks

Weekend Edition February 11/12, 2006 Forget Iran, Americans Should be Hysterical About This Nuking the Economy By PAUL CRAIG ROBERTS Last week the Bureau of Labor Statistics re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, I have the adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don’t know what worry is. Job growth over the last five years is the weakest on record. The US economy came up more than 7 million jobs short of keeping up with population growth. That’s one good reason for controlling immigration. An economy that cannot keep up with population growth should not be boosting population with heavy rates of legal and illegal immigration. Over the past five years the US economy experienced a net job loss in goods producing activities. The entire job growth was in service-providing activities--primarily credit intermediation, health care and social assistance, waiters, waitresses and bartenders, and state and local government. US manufacturing lost 2.9 million jobs, almost 17% of the manufacturing work force. The wipeout is across the board. Not a single manufacturing payroll classification created a single new job. The declines in some manufacturing sectors have more in common with a country undergoing saturation bombing during war than with a super-economy that is “the envy of the world.” Communications equipment lost 43% of its workforce. Semiconductors and electronic components lost 37% of its workforce. The workforce in computers and electronic products declined 30%. Electrical equipment and appliances lost 25% of its employees. The workforce in motor vehicles and parts declined 12%. Furniture and related products lost 17% of its jobs. Apparel manufacturers lost almost half of the work force. Employment in textile mills declined 43%. Paper and paper products lost one-fifth of its jobs. The work force in plastics and rubber products declined by 15%. Even manufacturers of beverages and tobacco products experienced a 7% shrinkage in jobs. The knowledge jobs that were supposed to take the place of lost manufacturing jobs in the globalized “new economy” never appeared. The information sector lost 17% of its jobs, with the telecommunications work force declining by 25%. Even wholesale and retail trade lost jobs. Despite massive new accounting burdens imposed by Sarbanes-Oxley, accounting and bookkeeping employment shrank by 4%. Computer systems design and related lost 9% of its jobs. Today there are 209,000 fewer managerial and supervisory jobs than 5 years ago. In five years the US economy only created 70,000 jobs in architecture and engineering, many of which are clerical. Little wonder engineering enrollments are shrinking. There are no jobs for graduates. The talk about engineering shortages is absolute ignorance. There are several hundred thousand American engineers who are unemployed and have been for years. No student wants a degree that is nothing but a ticket to a soup line. Many engineers have written to me that they cannot even get Wal-Mart jobs because their education makes them over-qualified. Offshore outsourcing and offshore production have left the US awash with unemployment among the highly educated. The low measured rate of unemployment does not include discouraged workers. Labor arbitrage has made the unemployment rate less and less a meaningful indicator. In the past unemployment resulted mainly from turnover in the labor force and recession. Recoveries pulled people back into jobs. Unemployment benefits were intended to help people over the down time in the cycle when workers were laid off. Today the unemployment is permanent as entire occupations and industries are wiped out by labor arbitrage as corporations replace their American employees with foreign ones. Economists who look beyond political press releases estimate the US unemployment rate to be between 7% and 8.5%. There are now hundreds of thousands of Americans who will never recover their investment in their university education. Unless the BLS is falsifying the data or businesses are reporting the opposite of the facts, the US is experiencing a job depression. Most economists refuse to acknowledge the facts, because they endorsed globalization. It was a win-win situation, they said. They were wrong. At a time when America desperately needs the voices of educated people as a counterweight to the disinformation that emanates from the Bush administration and its supporters, economists have discredited themselves. This is especially true for “free market economists” who foolishly assumed that international labor arbitrage was an example of free trade that was benefitting Americans. Where is the benefit when employment in US export industries and import-competitive industries is shrinking? After decades of struggle to regain credibility, free market economics is on the verge of another wipeout. No sane economist can possibly maintain that a deplorable record of merely 1,054,000 net new private sector jobs over five years is an indication of a healthy economy. The total number of private sector jobs created over the five year period is 500,000 jobs less than one year’s legal and illegal immigration! (In a December 2005 Center for Immigration Studies report based on the Census Bureau’s March 2005 Current Population Survey, Steven Camarota writes that there were 7,9 million new immigrants between January 2000 and March 2005.) The economics profession has failed America. It touts a meaningless number while joblessness soars. Lazy journalists at the New York Times simply rewrite the Bush administration’s press releases. On February 10 the Commerce Department released a record US trade deficit in goods and services for 2005--$726 billion. The US deficit in Advanced Technology Products reached a new high. Offshore production for home markets and jobs outsourcing has made the US highly dependent on foreign provided goods and services, while simultaneously reducing the export capability of the US economy. It is possible that there might be no exchange rate at which the US can balance its trade. Polls indicate that the Bush administration is succeeding in whipping up fear and hysteria about Iran. The secretary of defense is promising Americans decades-long war. Is death in battle Bush’s solution to the job depression? Will Asians finance a decades-long war for a bankrupt country? Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions.He can be reached at: paulcraigroberts@yahoo.com

Now Available from CounterPunch Books! The Case Against Israel By Michael Neumann Click Here to Advance Order Philosopher Michael Neumann's Devastating Rebuttal of Alan Dershowitz Coming This Fall Grand Theft Pentagon: Tales of Greed and Profiteering in the War on Terror by Jeffrey St. Clair