Monday, December 29, 2008

Self-Defense or Mass Murder?

By Greg Mitchell

Published: December 27, 2008 11:59 PM ET updated 7:00 PM ET

NEW YORK (Commentary) In the usual process, the U.S. government -- and media here -- are playing down questions about whether Israel overreacted in its massive air strikes on Gaza, while the foreign press, and even Haaretz in Israel, carries more balanced accounts. The early reports on Sunday already reveal the bombing of a TV station and mosque and preparations for an invasion.

A new analysis at Haaretz: "A million and a half human beings, most of them downcast and desperate refugees, live in the conditions of a giant jail, fertile ground for another round of bloodletting. The fact that Hamas may have gone too far with its rockets is not the justification of the Israeli policy for the past few decades, for which it justly merits an Iraqi shoe to the face."

Another opinion piece in Haaretz -- titled, "Neighborhood Bully Strikes Again" -- by Gideon Levy: "Israel embarked yesterday on yet another unnecessary, ill-fated war. On July 16, 2006, four days after the start of the Second Lebanon War, I wrote: 'Every neighborhood has one, a loud-mouthed bully who shouldn't be provoked into anger... Not that the bully's not right - someone did harm him. But the reaction, what a reaction!' Two and a half years later, these words repeat themselves, to our horror, with chilling precision. Within the span of a few hours on a Saturday afternoon, the IDF sowed death and destruction on a scale that the Qassam rockets never approached in all their years, and Operation 'Cast Lead' is only in its infancy."

Also from Haaretz, Zvi Barel writes: "Six months ago Israel asked and received a cease-fire from Hamas. It unilaterally violated it when it blew up a tunnel, while still asking Egypt to get the Islamic group to hold its fire."

Amira Hass, the paper's correspondent in Gaza, reports: "There are many corpses and wounded, every moment another casualty is added to the list of the dead, and there is no more room in the morgue. Relatives search among the bodies and the wounded in order to bring the dead quickly to burial. A mother whose three school-age children were killed, and are piled one on top of the other in the morgue, screams and then cries, screams again and then is silent."


From the lead Haaretz editorial: "[T]he inherent desire for retribution does not necessarily have to blind us to the view from the day after....Israel's violation of the lull in November expedited the deterioration that gave birth to the war of yesterday. But even if this continues for many days and even weeks, it will end in an agreement, or at least an understanding similar to that reached last June."

The Independent, a major daily in London has an eyewitness account, ending with: "These bombs were launched by Israel, as we had known they would be. The world watched the situation simmer then boil over, but did nothing. There are some who believe that hell is divided into different classes. The ordinary people of Gaza have long been caught in the tormenting underworld. Now, if the world does not heed what has happened here, our situation will worsen. We will be trapped in the first class of hell."…

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003925316&imw=Y

Saturday, December 27, 2008

Disinformation, secrecy and lies: How the Gaza offensive came about - Haaretz - Israel News

Disinformation, secrecy and lies: How the Gaza offensive came about - Haaretz - Israel News: "By Barak Ravid, Haaretz Correspondent

Tags: Hamas, Israel, Gaza

Long-term preparation, careful gathering of information, secret discussions, operational deception and the misleading of the public - all these stood behind the Israel Defense Forces 'Cast Lead' operation against Hamas targets in the Gaza Strip, which began Saturday morning.

The disinformation effort, according to defense officials, took Hamas by surprise and served to significantly increase the number of its casualties in the strike.

Sources in the defense establishment said Defense Minister Ehud Barak instructed the Israel Defense Forces to prepare for the operation over six months ago, even as Israel was beginning to negotiate a ceasefire agreement with Hamas. According to the sources, Barak maintained that although the lull would allow Hamas to prepare for a showdown with Israel, the Israeli army needed time to prepare, as well. Barak gave orders to carry out a comprehensive intelligence-gathering drive which sought to map out Hamas' security infrastructure, along with that of other militant organizations operating in the Strip.

This intelligence-gathering effort brought back information about permanent bases, weapon silos, training camps, the homes of senior officials and coordinates for other facilities.

The plan of action that was implemented in Operation Cast Lead remained only a blueprint until a month ago, when tensions soared after the IDF carried out an incursion into Gaza during the ceasefire to take out a tunnel which the army said was intended to facilitate an attack by Palestinian militants on IDF troops.

On November 19, following dozens of Qassam rockets and mortar rounds which exploded on Israeli soil, the plan was brought for Barak's final approval. Last Thursday, on December 18, Prime Minister Ehud Olmert and the defense minister met at IDF headquarters in central Tel Aviv to approve the operation.

However, they decided to put the mission on hold to see whether Hamas would hold its fire after the expiration of the ceasefire. They therefore put off bringing the plan for the cabinet's approval, but they did inform Foreign Minister Tzipi Livni of the developments.

That night, in speaking to the media, sources in the Prime Minister's Bureau said that "if the shooting from Gaza continues, the showdown with Hamas would be inevitable." On the weekend, several ministers in Olmert's cabinet inveighed against him and against Barak for not retaliating for Hamas' Qassam launches.

"This chatter would have made Entebe or the Six Day War impossible," Barak said in responding to the accusations. The cabinet was eventually convened on Wednesday, but the Prime Minister's Bureau misinformed the media in stating the discussion would revolve around global jihad. The ministers learned only that morning that the discussion would actually pertain to the operation in Gaza.

In its summary announcement for the discussion, the Prime Minister's Bureau devoted one line to the situation in Gaza, compared to one whole page that concerned the outlawing of 35 Islamic organizations.

What actually went on at the cabinet meeting was a five-hour discussion about the operation in which ministers were briefed about the various blueprints and plans of action. "It was a very detailed review," one minister said.

The minister added: "Everyone fully understood what sort of period we were heading into and what sort of scenarios this could lead to. No one could say that he or she did not know what they were voting on." The minister also said that the discussion showed that the lessons of the Winograd Committee about the performance of decision-makers during the 2006 Second Lebanon War were "fully internalized."

At the end of the discussion, the ministers unanimously voted in favor of the strike, leaving it for the prime minister, the defense minister and the foreign minister to work out the exact time.

While Barak was working out the final details with the officers responsible for the operation, Livni went to Cairo to inform Egypt's president, Hosni Mubarak, that Israel had decided to strike at Hamas.

In parallel, Israel continued to send out disinformation in announcing it would open the crossings to the Gaza Strip and that Olmert would decide whether to launch the strike following three more deliberations on Sunday - one day after the actual order to launch the operation was issued.

"Hamas evacuated all its headquarter personnel after the cabinet meeting on Wednesday," one defense official said, "but the organization sent its people back in when they heard that everything was put on hold until Sunday." …
"


http://www.haaretz.com/hasen/spages/1050426.html

Israeli Gaza Strike Kills More Than 225 - NYTimes.com

Israeli Gaza Strike Kills More Than 225 - NYTimes.com:
"GAZA — Waves of Israeli airstrikes destroyed Hamas security facilities in Gaza on Saturday in a crushing response to the group’s rocket fire, killing more than 225 — the highest one-day toll in the Israeli-Palestinian conflict in decades."

Make no mistake. This is Ehud Barak's campaign to become Prime minister shifted into high gear. Just as the over reaction to rock throwing Palestinians after Sharon's visit to the Al Aqsa moaque was designed to keep him inthat office though it failed. Mr. Bsrak seems to know of only one way to run for office. So expect the body count to increase while he claims to not be campaigning.

http://www.nytimes.com/2008/12/28/world/middleeast/28mideast.html?hp=&pagewanted=all

Monday, December 22, 2008

Who Wants to Kick a Millionaire? - Not Paulson

Op-Ed Columnist - Who Wants to Kick a Millionaire? - NYTimes.com

Or The S.E.C., Not Bush. If this was a song the title should be - Money for (Absolutely) Nothing.


Under both Clinton and Bush, that supposed watchdog agency ignored repeated and graphic warnings of Madoff’s Ponzi scheme as studiously as
Bush ignored Al Qaeda’s threats during the summer of 2001.

“Just when we thought that reality couldn’t hit a new bottom it did with Bernie Madoff, a smiling shark as sleazy as the TV host in “Slumdog.” A pillar of both the Wall Street and Jewish communities — a former Nasdaq chairman, a trustee at Yeshiva University — he even victimized Elie Wiesel’s Foundation for Humanity with his Ponzi scheme. A Jewish financier rips off millions of dollars devoted to memorializing the Holocaust — who could make this stuff up? Dickens, Balzac, Trollope and, for that matter, even Mel Brooks might be appalled.

Madoff, of course, made up everything. When he turned himself in, he reportedly declared that his business was “all just one big lie.” (The man didn’t call his 55-foot yacht “Bull” for nothing.) As Brian Williams of NBC News pointed out, the $50 billion thought to have vanished is roughly three times as much as the proposed Detroit bailout. And no one knows how it happened, least of all the federal regulators charged with policing him and protecting the public. If Madoff hadn’t confessed — for reasons that remain unclear — he might still be rounding up new victims.

There is a moral to be drawn here, and it’s not simply that human nature is unchanging and that there always will be crooks, including those in high places. Nor is it merely that Wall Street regulation has been a joke. Of what we’ve learned about Madoff so far, the most useful lesson can be gleaned from how his smart, well-heeled clients routinely characterized the strategy that generated their remarkably steady profits. As The Wall Street Journal noted, they “often referred to it as a ‘black box.’ ”

In the investment world “black box” is tossed around to refer to a supposedly ingenious financial model that is confidential or incomprehensible or both. Most of us know the “black box” instead as that strongbox full of data that is retrieved (sometimes) after a plane crash to tell the authorities what went wrong. The only problem is that its findings arrive too late to save the crash’s victims. The hope is that the information will instead help prevent the next disaster.

The question in the aftermath of the Madoff calamity is this: Why do we keep ignoring what we learn from the black boxes being retrieved from crash after crash in our economic meltdown? The lesson could not be more elemental. If there’s a mysterious financial model producing miraculous returns, odds are it’s a sham — whether it’s an outright fraud, as it apparently is in Madoff’s case, or nominally legal, as is the case with the Wall Street giants that have fallen this year.

Wall Street’s black boxes contained derivatives created out of whole cloth, deriving their value from often worthless subprime mortgages. The enormity of the gamble went undetected not only by investors but by the big brains at the top of the firms, many of whom either escaped (Merrill Lynch’s E. Stanley O’Neal) or remain in place (Citigroup’s Robert Rubin) after receiving obscene compensation for their illusory short-term profits and long-term ignorance.

There has been no punishment for many of those who failed to heed this repeated lesson. Quite the contrary. The business magazine Portfolio, writing in mid-September about one of the world’s biggest insurance companies, observed that “now that A.I.G is battling to survive, it is its black box that may save it yet.” That box — stuffed with “accounting or investments so complex and arcane that they remain unknown to most investors” — was so huge that Washington might deem it “too big to fail.”

Sure enough — and unlike its immediate predecessor in collapse, Lehman Brothers — A.I.G. was soon bailed out to the tune of $123 billion. Most of that also disappeared by the end of October. But not before A.I.G. executives were caught spending $442,000 on a weeklong retreat to a California beach resort.

There are more black boxes still to be pried open, whether at private outfits like Madoff’s or at publicly traded companies like General Electric, parent of the opaque GE Capital Corporation, the financial services unit that has been the single biggest contributor to the G.E. bottom line in recent years. But have we yet learned anything? Incredibly enough, as we careen into 2009, the very government operation tasked with repairing the damage caused by Wall Street’s black boxes is itself a black box of secrecy and impenetrability.

Last week ABC News asked 16 of the banks that have received handouts from the Treasury Department’s $700 billion Troubled Asset Relief Program the same two direct questions: How have you used that money, and how much have you spent on bonuses this year? Most refused to answer.

Congress can’t get the answers either. Its oversight panel declared in a first report this month that the Treasury is doling out billions “without seeking to monitor the use of funds provided to specific financial institutions.” The Treasury prefers instead to look at “general metrics” indicating the program’s overall effect on the economy. Well, we know what the “general metrics” tell us already: the effect so far is nil. Perhaps if we were let in on the specifics, we’d start to understand why.

In its own independent attempt to penetrate the bailout, the Government Accountability Office learned that “the standard agreement between Treasury and the participating institutions does not require that these institutions track or report how they plan to use, or do use, their capital investments.” Executives at all but two of the bailed-out banks told the G.A.O. that the “money is fungible,” so they “did not intend to track or report” specifically what happens to the taxpayers’ cash.

Nor is there any serious accounting for executive pay at these seminationalized companies. As Amit Paley of The Washington Post reported, a last-minute, one-sentence loophole added by the Bush administration to the original bailout bill gutted the already minimal restrictions on executive compensation. And so when Goldman Sachs, Henry Paulson’s Wall Street alma mater, says that it is not using public money to pay executives, we must take it on faith.

In the wake of the Madoff debacle, there are loud calls to reform the Securities and Exchange Commission, including from the president-elect. Under both Clinton and Bush, that supposed watchdog agency ignored repeated and graphic warnings of Madoff’s Ponzi scheme as studiously as Bush ignored Al Qaeda’s threats during the summer of 2001. ”

What part of "You get more of what you reward." don't they understand? Why are they surprised when markets move towards the highest margins instead of sustainable ones? Reward what you want produced, because you get what you reward. Aren't we finally tired of variations of Al Dunlop and Kenneth Lay? Don't we want products and services, instead of schemes? Apparently not.

http://www.nytimes.com/2008/12/21/opinion/21rich.html?th&emc=th

con·cept: December 2008