Year: 1998

Good Ants in the Pants of the Banking System

Greg Palast 

New York, New York, it's a helluva town. Only 15 years ago, you could walk down Third Street on the Lower East Side and count 23 boarded up buildings, compared with only seven that were inhabited. On the corner at Avenue B, the awnings of the local bank sheltered an open-air market where you could buy smack, crack, angel dust - you name it. ...more

Miracle Cure, but the Medicine was Bright Red

Greg Palast 

By Gregory Palast for The Observer/Guardian UK
Sunday November 22, 1998

Cinderella’s Fairy Godmother and Augusto Pinochet have much in common. Both have magic powers. Pinochet is credited with the Miracle of Chile, the successful experiment in free markets, privatisation, deregulation and union-free economic expansion whose laissez-faire seeds spread from Santiago to Surrey, from Valparaiso to Virginia.

But Cinderella’s pumpkin did not really turn into a coach. And the Miracle of Chile is another fairy-tale. The claim that Pinochet begat an economic powerhouse is one of those utterances whose truth rests on its repetition. …more

Workers Win the Battle – But Bosses Win the War

Greg Palast 

On February 10 this year, Kathy Saumier allegedly pulled down the trousers of two of her male bosses and made disparaging remarks about their penises. For that, Landis Plastics sacked her. Kathy's children, ages 8 and 13, heard the accusations against their mother on the radio news because her employer had issued a statement to the press. ...more

Things Like That Do Happen Here

Greg Palast 

A HANDFUL of Monday nights past, Kenneth Payne made up his mind that his close friend, Curtis Cook, had molested a neighbor's 8-year-old daughter. ...more