Friday Reads

Good Morning!

Is there such thing as the dog days of spring?  Sheesh, it’s getting hot out there!

So, I’ve found a few interesting things for you this morning.  It seems Colin Powell is the one on the American Apologia tour.

Colin Powell says his erroneous address to the United Nations about Iraq having weapons of mass destruction provides a lesson to business leaders on the importance of staying skeptical and following their intuition.

“Yes, a blot, a failure will always be attached to me and my UN presentation,” the former U.S. secretary of state writes in a new book of leadership parables that draws frequently on his Iraq war experience. “I am mad mostly at myself for not having smelled the problem. My instincts failed me.”

Powell, 75, laments that no intelligence officials had the “courage” to warn that he was given false information that Iraq had such weapons during preparations for his February 2003 speech before the U.S. invasion the following month. Regrets are sprinkled through “It Worked For Me,” along with lessons gleaned from a career that carried him from foxholes in Vietnam to senior positions at the Pentagon and the State Department.

Wow.   I thought there were plenty of warnings about that.  I guess it just didn’t come from the right people.

Billionaire Energy Investor and professional Gadfly–T Boone Pickens–blames the Koch  Brothers for a lack of a cogent US energy policy.

Pickens’ biggest concern right now centers on what he sees as the Obama administration’s lack of an energy policy. He says special interests are blocking real energy reform, and he singles out Koch Industries, a chemical, fertilizer and refining juggernaut run by brothers David and Charles Koch, as the main culprit.

“The biggest deterrent to an energy plan in America is Koch Industries,” he says. “They do not want an energy plan for America because they have the cheapest natural gas price they’ve ever had, and they’re in the fertilizer business and they’re in the chemical business. So their margins are huge. And they do not want you to have an energy plan, because if you had a plan, then natural gas prices would come up.”

The Obama administration may be lacking a cohesive, straightforward approach to America’s energy independence, but fossil fuel production has greatly expanded since Obama took office. The president has approved drilling permits in federal lands and waters that were previously off limits to oil and gas companies, much to the chagrin of environmentalists. From 2005 to 2011 the amount of foreign energy sources imported by the U.S. fell by 15%. Obama rejected the construction of the controversial Keystone XL pipeline in January, but he has recently expressed support for building the southern portion of the pipeline that would extend from Oklahoma to the Gulf of Mexico.

“It’s very hard to get an energy plan,” Pickens laments. “It isn’t a failure of the Democrats. It’s not a failure of the Republicans. It’s a bipartisan failure. Over the years neither party could provide the leadership to have an energy plan.”

You can listen to a video where Pickens explains the current falling gas prices.  He also believes that Israel will attack Iran sometime in the fall.  So, has Wall Street quit driving up gas prices for the moment?

The oil markets have become just another profitable Wall Street casino. Why? Because, as the infamous outlaw Willie Sutton said, “That’s where the money is.” Oil markets as well as other commodity markets require a certain number of speculators. Oil producers and end users go to these markets in order to lock in prices for the products they use or sell. From refiners to shippers to airlines, oil markets provide a way to obtain price certainty for a specified period of time. To make these markets function, speculators are needed to take the other side of those trades. For more than a century about 30 percent of these commodity markets involved speculators and 70 percent of the participants in terms of volume were real producers, distributors and users. That’s what a healthy commodities market looks like.

But once financialization metastasized, the proportions flipped. Now 70 percent of the action comes from speculators, while only 30 percent comes from those who really produce, distribute and use the actual commodities. The casino has taken over.

CNN is being replaced by MSNBC as the number two cable news network.  I guess its dishwater dull, People Magazine approach to the news just isn’t selling.  There’s some speculation it could be that folks only watch CNN if there’s a disaster afoot.  Other than that, they have better things to do.

CNN long ago ceded the No. 1 position among cable news channels to Fox News. But now CNN seems to be ceding the No. 2 position to MSNBC. In prime time, the most lucrative part of the day, CNN has had fewer viewers than MSNBC for 22 of the last 24 months. (CNN usually has more viewers than MSNBC during the day, however.)

“They were first in, and established the genre,” said a cable news executive who insisted on anonymity to speak candidly about the competition. “But they got too comfortable. They just made so much money that they didn’t have to change.”

MSNBC, on the other hand, did change. Like Fox News, MSNBC now has hosts with clear political points of view at key times of the day. CNN promotes itself as the top source for nonpartisan news on television.

“CNN appears committed to a business model that doesn’t work,” said Robert Seidman, an editor of the ratings Web site TV by the Numbers. The site posted a chart on Tuesday that showed all but one of CNN’s programs down by double digits in April. (One program, “Anderson Cooper 360,” was down by single digits.)

In response, CNN executives pointed out that Fox News and MSNBC were experiencing ratings slumps, too — attributable, perhaps, to a pause in the presidential election season.

A cache of Bin Laden documents have been released to the Public.  How’s that for some light summer beach reading?

“Bin Ladin’s frustration with regional jihadi groups and his seeming inability to exercise control over their actions and public statements is the most compelling story to be told on the basis of the 17 de-classified documents,” the center’s release states.

There were many more documents taken from the raid that ended in the killing of bin Laden, but they have yet to be released.

Among the more interesting revelations is bin Laden’s criticism of regional groups affiliated with Al Qaeda for carrying out attacks on Muslim targets. According to the Guardian, “in one [document], he exhorts leaders of the Yemen-based al-Qaida in the Arabian Peninsula to stop attacking local security forces and focus on the main enemy, the US.” One letter-writer to bin Laden said that “the terrorist group was losing support in the Muslim world.”

Another document has Adam Gadahn, an American-born spokesman for Al Qaeda, advising bin Laden on how to best use the tenth anniversary of the 9/11 attacks for propaganda purposes.

Okay, so I will end with some fun summer reading:  The Right-Wing’s 20 Biggest Sex Hypocrites.  I’m so proud that one of my senators made number 4 on the hit parade.  Hey, and Number One–Jimmy Swaggert–is still preaching on in Baton Rouge!  Party on Dudes!!

Sen. David Vitter of Louisiana is infamous for his extreme social conservatism and for pandering to the Christian Right. Vitter has supported a constitutional amendment that would ban gay marriage nationwide (although he claims to support “states rights,” Vitter makes an exception when it comes to gay marriage), promoted abstinence-only sex education, called for school board meetings in Louisiana to open with prayers, and repeatedly preached against abortion. Vitter loves to play the red state/blue state card, saying that he represents socially conservative “Louisiana values” rather than secular “Massachusetts values.” But in 2007, it was revealed that Vitter had been a client of the Washington, DC escort service operated by Deborah Jeane Palfrey, a.k.a. the DC Madam; Vitter admitted he had cheated on his wife with a prostitute, but no criminal charges were filed because of the statute of limitations. Despite his blatant hypocrisy, Vitter was re-elected to the Senate in 2010.

Gingrich, Dr. Laura and Rush made the list too! Read about all the pervs who are so family values oriented!!!  It’ll make you shake your head and laugh it off at the same time!!

So, there’s a little newsy news for you.  What’s on you reading and blogging list today?