The world’s financial system continues to teeter near a very nasty brink, with the United States and Europe disagreeing about how to pull back from the edge. Danny Shechter sees crisis, crisis, everywhere.
Some of our special stories in November explored the meaning of the Occupy Wall Street protests, examined the new case for heightened tensions with Iran, explained some lost history of Richard Nixon and J. Edgar Hoover, and more.
From the Archive: While preparing the Dec. 9 article on Gary Webb, we pulled up a 1998 article that helps explain how inconvenient facts from recent U.S. history sometimes get “found” and then “lost” again. That summer, a CIA report exposing Nicaraguan Contra drug trafficking forced the New York Times to admit the point, but it soon forgot.
Special Report: Modern American history is more complete because journalist Gary Webb had the courage to revive the dark story of the Reagan administration’s protection of Nicaraguan Contra cocaine traffickers in the 1980s. However, Webb ultimately paid a terrible price, as Robert Parry reports.
The Right’s giant megaphone is reversing the narrative for today’s crisis: It is Barack Obama’s “food-stamp presidency” and the Occupy demands for fairness that are at fault for the hard economic times, not Wall Street’s unregulated greed increasing the need for food stamps and heightening the imperative for resistance – as Phil Rockstroh explains.
From Editor Robert Parry: As a new thank-you gift for donations over $100 to Consortiumnews.com, we are offering a wonderful new book, The Killing Game, a selection of investigative news stories by the late Gary Webb explaining the context of his remarkable life and tragic death.
After the savings-and-loan debacle of the 1980s and the Internet bust a decade ago, hundreds of financial culprits were “perp-walked” to jail. But the big bankers who tanked today’s economy have escaped punishment, an omission that Danny Schechter says must change.
The war on WikiLeaks continues with the U.S. government clamping down on the Web site’s funding sources and with its founder, Julian Assange, still in England battling extradition to Sweden. Sadly, the larger problem of a credulous news media parroting government propaganda also remains unchanged, as Lawrence Davidson notes.
As the American/Israeli war drums beat more loudly over Iran, the U.S. public is being told that this time the warnings about nuclear weapons are right, that no one should listen to Iranian denials, that ratcheting up tensions toward war is the only way. But William Blum recalls the similar false certainty about Iraq.
Exclusive: As local governments shut down more Occupy encampments, the movement for the “99 percent” is at a crossroads. Some supporters advocate more civil disobedience; others urge a shift toward media outreach; and still others want a move into politics. But Robert Parry notes that all three approaches may be required.