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BILL CLINTON AND THE RICH WOMEN:
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Today's Stories

May 17 / 18, 2008

Alexander Cockburn
The View from the Crusaders' Castle

Andy Worthington
Gitmo Trials: Betrayal, Backsliding and Boycotts

May 16, 2008

Stephen Soldz
Involuntary Drugging of Detainees

Jonathan Cook
Police Attack Al-Nakba March

Paul Craig Roberts
Lies of Aggression

Christopher Brauchli
A Funny Thing Happened on the Way to the Pharmacy

James L. Secor
Olympic Torch China: the View from Shaoxing

Franklin Lamb
Did Hezbollah Thwart a Bush/Olmert Attack on Beirut?

Linn Washington, Jr.
The Price of Protecting Racist Cops

Dave Lindorff
What West Virginia Means

 

May 15, 2008

Stan Cox
Big Brother Close Up

Jeff Halper
Rethinking Israel After 60 Years

Greg Moses
Living for the Children of Palestine

John Ross
Why Mexican Justice is a Euphemism

Ron Jacobs
Go to Work, Go to Jail

Binoy Kampmark
Indian Jailbirds: the Case of Binayak Sen

Eve Spangler
We Should Not Celebrate Dispossession

Martha Rosenberg
Meat Wars with South Korea

Website of the Day
Idaho Wolf Killers

May 14, 2008

Ismael Hossein-Zadeh
Oil Wars

Reza Fiyouzat
Torture, a Bully's Creed

Felice Pace
California Water Politics: Of Dams and Water Buffaloes

Hamdan A. Yousuf / Dania S. Ahmed
A Generation Defined by War

Robert Weitzel
Hillary's "Final Solution" to the Persian Problem

Ralph Nader
You're Either with the American People or the Big Auto Bosses

Dave Lindorff
Hillary, McCain and the Stupid Vote

Missy Comley Beattie
White Heaven: Hillary's W. Virginia Idyll

Neve Gordon
Israel as a Site of Struggle

Dr. Susan Block
A Washington Witch Hanging

Website of the Day
Hillary's Downfall

May 13, 2008

David Rosen
Sexual Terrorism
: the Sadistic Side of Bush's War on Terror

Alan Farago
Nuclear Florida: Beachfront Reactors in an Age of Rising Sea Levels?

Saul Landau
The Crisis at Home

Saree Makdisi
Forget the Two-State Solution

Paul Craig Roberts
How Empires Fall

Andy Worthington
Gitmo's Suicide Bomber

Brother Bede Vincent
The Problem with Rev. Wright--There are Too Few Like Him

Linda Mamoun
Marketing Ethnic Cleansing

David Macaray
The Myth That Won't Die

Website of the Day
Burning the Future: Coal in America

 

May 12, 2008

St. Clair / Frank
The Pentagon's Toxic Legacy

Ziga Vodovnik
Rebels Against Tyranny: an Interview with Howard Zinn on Anarchism

Gary Leupp
Why All of Our Efforts Won't Stop an Attack on Iran

Frankln Lamb
Choufeit's Bloody Pentacost

Suzanne Baroud
The Ambition of Hillary Clinton

Martha Rosenberg
Farmer Ernie's Chamber of Horrors

Dave Zirin
The Boss's Boycott

Carl Finamore
I Ain't Gonna Work No More

Peter Morici
Recession Watch

Richard Rhames
The Third Way to Nowhere

Website of the Day
The Untold Story of Black New Orleans

May 10 / 11, 2008

Alexander Cockburn
Real Clear Numbers: 101,000 Casualties a Year

Franklin Lamb
Hezbollah Eases Up and Beirut Opens Its Shutters

Ciara Gilmartin
A Surge in Iraqi Detainees

Diane Farsetta
Inside a Nuclear Industry Soirée

Kent Paterson
Mother's Day in Ciudad Juarez

Alan Farago
The Social Engineers

Rannie Amiri
Beirut on the Brink

Patrick Irelan
Bolivia, Morales and the Red Ponchos

Robert Fantina
The Lexicon Legacy of George W. Bush

Nikolas Kozloff
El Salvador 2009: Another Feather in the Cap of Chavez?

George Ciccariello-Maher
The Yumare Massacre, 22 Years On

David Yearsley
Bacharach at 80

Ron Jacobs
Rosa Luxemburg's Shock Doctrine

John Holt
Can Yellowstone Survive?

David Michael Green
It's So Over

Ben Terrall
Dealing Sleep

Kim Nicolini
The Best Film of the Bush Era?

Jeffrey St. Clair
Booked Up

Poets' Basement
Gibbons, Orloski, Frisella, Gladstone-Gelman

 

May 9, 2008

Franklin Lamb
A Wild Day in Beirut

Andy Worthington
The Afghans of Gitmo

Benjamin Dangl
Polarizing Bolivia

Mark A. Huddle
Remembering Mildred Loving, an Unsung Hero of the Civil Rights Movement

David Macaray
Hollywood Gives SAG the Brush Off

Dave Lindorff
Team Clinton: Going Down Ugly

C.G. Estabrook
The Way We Live Now

Matt Kosko
McCain, Clinton, Obama and the Wages of Lesser-Evilism

Robert Weissman
Big Business is not the Solution to Global Poverty

Michael Dickinson
Jailing the Joint

Website of the Day
The Role of Third Parties in the U.S.A.

May 8, 2008

Sharon Smith
Rockefeller Family Fables

Saul Landau
The NATO Axiom

Laura Carlsen
A Primer on Plan Mexico

Binoy Kampmark
Food Riots are Coming to the U.S.

Kenneth Couesbouc
China's Paper Feet

Liaquat Ali Khan
Pakistan's Constitutional Shenanigans

Franklin Lamb
Blindsided, Hezbollah Mulls Its Response

Sen. Russ Feingold
Government in Secret

George Wuerthner
The Problems with Conservation Easements

Richard W. Behan
A Brief Exposé of a Fraudulent War

Adam Federman
Marching for Sean Bell

Website of the Day
State of the Air

 

May 7, 2008

Winslow T. Wheeler
Drowning in Dollars

Joanne Mariner
Torture After Dark

Col. Dan Smith
It's Lying and It's Murder: How KBR Electrocuted US Troops

Brian M. Downing
Reports From Foreign Provinces

Andy Worthington
Who are the Prisoners Released with Sami al-Haj?

John Stauber
Pentagon Propaganda Documents Go Online, But Will the Media Ever Report on Them?

Christopher Brauchli
Outsourcing Tax Collection

Nelson P. Valdés
Cinco de Mayo and Cinco de Agosto: Mexican History and Manufactured Identities

Rep. Keith Ellison
High Court Deals Blow to Voting Rights

Dan Bacher
Undam the Klamath, Mr. Buffett!

Website of the Day
Green Porno

May 6, 2008

Pam Martens
The Obama Bubble Agenda

Nikolas Kozloff
U.S. is Promoting Secession in Bolivia

Marjorie Cohn
Under U.S. Law Torture is Always Illegal

Ralph Nader
America's Pay-or-Die Health Care System

Yigal Bronner
Archaeologists for Hire

Brian Cloughley
No Laws for Bush America

Jacob Hornberger
Killing Enemies Without Trial

Walter Brasch
People Who Don't Need People

Paul Krassner
An Open Letter to Michael Moore

Manuel Garcia, Jr.
Running Mates from the Imaginary Plane

Website of the Day
Some People

 

May 5, 2008

Pam Martens
Obama's Money Cartel

Conn Hallinan
The Syrian Affair

Corey D. B. Walker
The End of Politics

Uri Avnery
Crusader Anxiety: Israel at 60

Dave Zirin
Refocusing Olympic Protest

Corporate Crime Reporter
Wiist's Crusade Against Corporations

Robert Jensen
The Selling and Shaping of Our Souls

Daniel White
What People Want to Hear About in Austin, Texas

Benjamin Dangl
May Day Raid on General Dynamics

Website of the Day
McCain's Pastor of Hate: "Starve. I Don't Care. Starve."

 

May 3 / 4, 2008

Alexander Cockburn
Has Rev. Wright Cost Obama the Presidency?

Nikolas Kozloff
The Shameful Failure of the Black Congressional Caucus

Diane Farsetta
What the Pentagon Pundits Were Selling on the Side

Tariq Ali
New Labour is Dead

Harry Browne
The USA's Other Island: Irish Leaders and the War on Terror

Wajahat Ali
Pakistan's New Daughter of Destiny? An Exclusive Interview with Fatima Bhutto

David Yearsley
A Challenge to Jeffrey Eugenides

Greg Moses
Salamat, Riad Hamad

William Blum
Rev. Wright, the CIA and the AIDS Thing

Robert Fantina
The Rhetoric of John McCain

Fred Gardner
The Greatest Story Never Told

Dave Lindorff
Blame It On Paraguay: The Bush Family's Bad Real Estate Deal

Seth Sandronsky
Standardizing Learning

Binoy Kampmark
Brown, Boris and the British Council Elections

Howard Lisnoff
The Lost First Amendment

Daniel Cassidy
Slanguage: Paddy Works on the Erie

Bill Moyers
Shrink-Wrapping the Theology of Rev. Wright

Jeffrey St. Clair
Booked Up

Poets' Basement
John Holt / Akbar Khan

Website of the Weekend
Ed Abbey, Patron Saint of the Walker's Rights Movement

 

May 2, 2008

Andrew Cockburn
Secret Bush "Finding" Widens Covert War on Iran

David Isenberg
The Return of Limited Nuclear War?

Vijay Prashad
Driven to Terror: the Case of the Lackawana Six

William Blum
Spies Without Borders

David Macaray
Shutting Down the West Coast Ports: the ILWU's May Day Strike

Rannie Amiri
Is Sadr City Becoming the Next Gaza?

William James Martin
The Carter Coup

Stephanie Westbrook
As Italy Lurches Rightward, a Ray of Hope from Vicenza

Linn Washington, Jr.
A Battle Over Murals in Parisian Ghettos

Anthony Papa
How the Byrne Fund Corrupts Cops and Destroys Lives

Website of the Day
The Serota Petition

 

May 1, 2008

Michael Hudson
The Fed Sinks the Dollar

Behzad Yaghmaian
Blaming the Yuan for the Deficit with China

Wajahat Ali
The Dark Knight: the Real Rise of Obama

Dedrick Muhammad
Senator Obama, Please Come to Your Senses

Cynthia McKinney
Police in America Can Kill Some People With Impunity

Corporate Crime Reporter
Farm Broadcaster Fired After Ripping Monsanto's Goon Squads

Manuel Garcia, Jr.
The Speech That Might Have Been

Reza Fiyouzat
Stop Obliterating Yourself!

Leigh Saavedra
Suspending the Federal Gas Tax

Tom Semioli
Hollywood Hypocrite: an Open Letter to Michael Moore

Website of the Day
Why Won't McCain Release His Medical Records?

 

 

 

Subscribe Online

Weekend Edition
May 17 / 18, 2008

Of War and Gas Prices

Fear at the Pump

By DAVE LINDORFF

Americans are in a panic over rising gas and heating oil prices, and with reason. For months, the price of a barrel of crude oil has been rising steadily, hitting a record $127 yesterday.

Analysts keep getting trotted out on TV and in print, attributing the dramatic price rise to everything from “peak oil”—the idea that producing countries have reached their peak of productive capacity, and that the only direction for oil supplies looking forward is down, while demand continues to rise—to increasing demand in China and India, to supply bottlenecks, to specific news events, like a pipeline break in Nigeria, or a closed refinery in California.

Politicians, like Republican presidential candidate John McCain and Democratic presidential candidate Hillary Clinton, have called for a two-month moratorium on federal gas taxes, but with taxes running at something on the order of 18 cents a gallon, this is not going to do much to bring prices down—in fact it might do nothing, since retailers would be free to just raise prices to match the tax break, and pocket the profits.

One analyst, economist Ismael Hussein-Zadeh, a professor of economics at Drake University in Des Moines, Iowa, has a different explanation for the price rise, and American motorists and homeowners should pay close attention.

“Oil prices have gone from the mid $20 range in the fall of 2002 to $127 yesterday—a rise of $100/barrel in just over five years,” he says. “And the bulk of that increase can be attributed to the US wars in Iraq and Afghanistan, and to the threats of war against Iran.”

Hussein-Zadeh’s analysis looks at a number of ways that the Bush/Cheney wars have contributed to rising oil prices. Chief among these are two factors: the threat to supplies, particularly from the Persian Gulf region from which 20 percent of the world’s oil supplies come, and a falling dollar, because oil is priced in dollars, and as it loses value, oil producing countries raise their prices to compensate.

In an article titled “Worried About the Price of Gas? End US Wars,” Hussein-Zadeh writes, “Soon after the invasions of Afghanistan and Iraq the price of oil began to escalate in tandem with the escalation of war and political turbulence in the Middle East.” Furthermore, he says, “Anytime there is a renewed US military threat against Iran, fuel prices move up several notches.” If the US were to actually make good on Bush’s and Cheney’s threats to attack Iran, in Hussein-Zadeh’s view “the sky would be the limit” to oil prices, with $200/barrel being a starting point.

The dollar’s fall, too, is significantly a result of the wars—particularly the Iraq War, he says.  That war has been costing the US $200 billion a year, all in borrowed funds. That in itself is a huge hole that has to be funded by borrowing from China, Japan, Saudi Arabia and other nations. But as Nobel economist Joseph Stiglitz has pointed out, the true cost of the Iraq War, when interest on debt, health costs of injured veterans and other long-term costs are factored in, is more like $3 trillion and rising. And when currency speculators and traders—the ones who really set the value of the dollar—make their bets, they’re looking at that bigger number, not the little one.

Moreover, it’s not just oil that has been driven up in price because of the war.  As energy costs have gone up, so has the cost of food, in no small part because most fertilizer is oil-based, and because transportation costs are also largely a reflection of oil prices. As well, to the extent that American’s food is imported, they are paying in shrinking dollars, whose value is being driven down because of the war.

Hussein-Zadeh says the Bush/Cheney administration and its neoconservative war promoters have worked hard to offer other more benign explanations for the crippling rise in energy prices, and food prices. As he puts it:

Neoconservative forces in and around the Bush administration and beneficiaries of war dividends—wishing to deflect attention away from war as the main culprit for the skyrocketing energy prices—tend to blame secondary or marginally relevant factors: OPEC, China and India for their increased demand for energy, or supply-demand imbalances in global markets. Whatever the contributory role of these factors, the fact remains that the current oil price hikes started with the beginning of the Bush administration’s wars against Iraq and Afghanistan. Furthermore, a closer examination of these factors reveals that their roles in the current price inflation of oil have been negligible.

Common sense bears him out here.  China’s and India’s economies have indeed been growing rapidly, and with them, demand for oil, but over the past five years, oil prices have risen 400%, and the same cannot be said for demand. Even if Chinese and Indian growth figures of 7-9 percent per year were accurate (and there is reason to believe they are grossly inflated), that at best would amount to perhaps a 50% increase in economic activity over five years. In fact, during this time more efficient energy use in the developed countries has largely offset much of the increasing demand for oil in China and India, and even in China and India, much of the energy growth has involved replacing inefficient vehicles and power plants with more efficient ones, so oil consumption isn’t rising in lock step with economic growth.

The answer then, to rising oil prices, is obvious then. It is not some silly two-month moratorium on federal taxes—what Sen. McCain referred to, in a candid moment, as a “little gift” to American vacationers. Nor is it opening up the Artic refuge to drilling—a move that would take years to lead to any significant new supply, and which in any case would have minimal impact on overall supply, or on prices. Nor is it opening up the Strategic Oil Reserve—another drop in the barrel. Nor is it hammering OPEC to boost production—something they have already done.  No, it is much simpler. As Hussein-Zadeh puts it:

The political implications of this discussion are clear: to bring down the prices of fuel and food requires bringing home the troops. By lowering the energy costs of production and transportation this will help save our own and many other economies from the plagues of inflation and stagnation. It will bring relief to hundreds of millions worldwide who are burdened by crippling energy bills and the crushing costs of feeding their families.

Got that people? If you want to see gasoline drop back below $3.89/gal, get Congress to end the war!

It’s that simple.

DAVE LINDORFF is a Philadelphia-based journalist. His latest book is "The Case for Impeachment" (St. Martin's Press, 2006 and now available in paperback edition). His work is available at www.thiscantbehappening.net


 

 

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