Danny Schechter

News Dissector Danny Schechter edits Mediachannel.org and blogs at news dissector.net. His latest book is Madiba A to Z: The Many Faces of Nelson Mandela (Madibabook.com) Comments to dissector@mediachannel.org

Articles by this author

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Tuesday, July 6, 2010 - 9:55am
Shock And Awe: Fireworks, Smiley Faces, and The Depression
Two days after a jobs report showed how many Americans are down, the nation was looking up — at fireworks signaling the anniversary of American independence (even as the BP disaster shows how dependent we've become). On July 4th, here in New York, my block was jammed with oo-ing and aah-ing onlookers as was the whole West Side of Manhattan when the Macy's Department store shot off 40,000 shells at a rate of 1500 a minute and at a cost of $500,000. It reminded me of deadlier fireworks over Baghdad.
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Wednesday, June 16, 2010 - 10:36am
Memories and Misery in CNN Land While Homeowers Seek Mortgage Justice and Foreclosures Mount
ATLANTA -- Somehow, I can't escape CNN. Last Saturday I joined Ted Turner, Wolf Blitzer and more than 300 current and former CNN employees at a celebration of the network's 30th anniversary at the National Press Club in Washington. I was there as one of the "CNN Originals," the many staffers who helped originate what was mocked as the Chicken Noodle Network in Atlanta back in June 1980.
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Friday, May 28, 2010 - 9:27am
Is The President The Kind of Leader Chairman Mao Warned Us About?
We now know that it was the Obama Administration led by the President himself who used techniques well understood and denounced decades earlier by none other than Mao TseTung. Mao had no use for those who talked left to move right. In several high profile speeches, Obama lashed out at Wall Street for its greed and mendacity, proposing financial reforms that appeared to be hard hitting if only because of the way the lobbyists for the financial services industry squealed about them.
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Thursday, May 20, 2010 - 8:41am
The Financial Crisis as Three Card Monte
We live in a three card monte world. Follow the money as it moves from one shell to another. Now guess where it is. Most of us don't know the hand can be quicker than the eye. That's why mostly everyone who has ever been suckered into playing ends up losing except those who are allowed to win to keep the hustle going. We miss the tricks of the trade even as we swear we know where the winning card or money or ball is.
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Saturday, May 15, 2010 - 7:17am
Will the Wall Street Banksters Ever Be Held Accountable?
Director, Plunder The Crime of Our Time We are all still stuck in the "big Muddy." No, not the wars of old or even the oil disaster. The mud I am referring to is more like quicksand and it sucks anyone who wants to look at what happened in the financial crisis deeper and deeper into it.
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Saturday, May 8, 2010 - 11:59am
Was the Market Pushed?
The Wall Street Journal headline on the day after we almost lost the U.S. stock market reported that the wise men on the Street were "baffled" by the big drop Thursday. The Financial Times called the event "Shambolic" as if only a shaman can decode it. A week after CNBC assured its high-net-worth viewers that Greece would no longer be a problem, there was an uprising there followed by a volcanic market cliff dive that the White House, NASDAQ and every regulator is now investigating.
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Thursday, March 25, 2010 - 9:14am
Next Up: Wall Street Reform
In Britain, the police are raiding Hedge Funds to bust insider traders. In America, the Hedge Funds are still raiding us, even as public opinion calls for a crackdown on Wall Street. One recent poll, in a nation that seems so divided on everything, showed 82% for aggressive action. 82%!
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Friday, March 12, 2010 - 8:31am
United States of Foreclosures: How 'Bankquakes' Shake People from Their Homes
The financial crisis started as a housing bubble with the financial industry convinced that home values never fall. How wrong they were even as they leveraged and securitized their investments to create a global crisis. Now, brace yourself because not only is it not over, but in some respects it's just begun. There will be more foreclosures this year than last and as a result more suffering for American families.
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Monday, January 25, 2010 - 9:36am
Here as in Haiti? What to do When Relief Doesn't Reach Those in Need
Stung by the election of Scott Brown in Massachusetts and the abandonment of his health care initiative by members of Congress, and fearful of a political backlash President Obama may himself not be "too big to fail." He has now "pivoted," to use a favorite phase from the pundits, and shifted his focus to trying to fix a still deteriorating economy. He has gone from coddling the banks to turning on them with strong rhetoric that has financial stocks reeling, and progressives cheering.
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Tuesday, January 19, 2010 - 12:10pm
The Disaster Within The Disaster: Its Time To Investigate the Aid Fiasco
Haiti remains a death trap, with an aid program that has sat by and watched thousands die without relief. The International Red Cross describes the situation there as a catastrophe while the American Red Cross reports raising more than $100 million dollars thanks to texting technologies and backing from the White House. Raising money is their specialty; delivering aid is not. The New York Times noted:
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