Tag Archives: powell

Latest Email Hack Too Dull to Get Outraged About

Mother Jones

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Another email hack from Guccifer 2.0! So what did we learn?

Let’s see. Colin Powell thinks that Donald Trump is a racist idiot who has no shame. That seems fair. Also, Powell thinks that Hillary Clinton could have handled her email affair better. Hard to argue with that. And Powell really, really didn’t want her email woes to be connected to him. That may or may not be fair, but it’s certainly understandable.

In addition, there’s apparently some unremarkable stuff about “tech initiatives from Democratic vice presidential nominee Tim Kaine’s time as governor of Virginia, and some years-old missives on redistricting efforts and DNC donor outreach strategy.” Exciting! Plus a bunch of spreadsheets listing DNC donors. That’s a bummer for the DNC, but otherwise pretty dull.

I don’t know who Guccifer is, or whether he’s a front for the Russian government, but he needs to step up his game. If there’s any more like this, he’s going to give email hacking a bad name.

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Latest Email Hack Too Dull to Get Outraged About

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Here’s the Best News We’ve Gotten All Year

Mother Jones

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No joke. This may be boring as hell, but it really and truly is great news:

Federal Reserve officials strongly signaled they will toughen big-bank capital requirements even more than they have since the 2008 crisis, a move that will add to the pressure on the largest U.S. banks to consider shrinking. Fed governors Daniel Tarullo and Jerome Powell, in separate public comments on Thursday, said the Fed would require eight of the largest U.S. banks to maintain more equity to pass the central bank’s annual “stress tests.”

“Effectively, this will be a significant increase in capital,” Mr. Tarullo said on Bloomberg television….Mr. Powell said at a banking conference that the Fed’s move would make big banks “fully internalize the risk” they pose to the economy.

“I have not reached any conclusion that a particular bank needs to be broken up or anything like that,” he said. The point is to “raise capital requirements to the point at which it becomes a question that banks have to ask themselves.”

Bernie Sanders has campaigned heavily on the idea of breaking up big banks. But that shouldn’t be our goal. Our goal should be to make banks safer and to reduce the likelihood that they need to be bailed out in the future. That’s what higher capital requirements do: they force banks to carry a bigger buffer against losses, which makes them less likely to fail in any future downturn.

As it happens, new regulations put in place since the financial meltdown of 2008 have already increased capital requirements, but big banks still have an unfair advantage in the market: their funding costs are lower because investors figure they’ll be bailed out if they ever implode in the future. To make up for this, big banks should, as Tarullo said, “fully internalize the risk” they pose to the economy. In other words, if big banks have an automatic advantage simply because taxpayers have little choice but to rescue them in case they fail, they should be required to pay higher insurance premiums against failure. That’s essentially what higher capital requirements do.

This is fair. However, higher capital requirements also make big banks less profitable, which in turn gives them a strong incentive to downsize all on their own. And that’s how it should be. There’s no reason for the Fed or anyone else to pick and choose banks to break up. We just need to make sure they’re reasonably safe and are operating on a level playing field. If we do this, we’re providing an organic incentive to downsize. The banks themselves get to decide whether and how to do it.

The only bad news here is that the Fed is unlikely to raise capital requirements enough to suit me. Nonetheless, this is very much another step in the right direction.

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Here’s the Best News We’ve Gotten All Year

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GOPers Probing Iran Deal Turn to Cheney Aide Who Was Involved With Bogus Iraq Intel

Mother Jones

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After the New York Times‘ much-discussed profile of White House national security aide Ben Rhodes hit computer screens all across Washington recently, Republicans howled about the revelation that Rhodes boasted of having created an “echo chamber” of experts and journalists to support the Iran nuclear deal. House Speaker Paul Ryan accused the Obama administration of having “essentially misled the American people.” Rhodes countered that the White House had merely crafted a “concerted effort” to win backing for the accord by pushing out “the facts of the deal.” Still, Republicans proclaimed yet another Obama scandal, and Rep. Jason Chaffetz (R-Utah), the chair of the House Committee on Oversight and Government Reform, rushed to hold a hearing entitled “White House Narratives on the Iran Nuclear Deal.”

It might be worth exploring how the White House communicated information about the Iran nuclear agreement, but here’s the tell that this endeavor is not a serious, nonpartisan, on-the-level project: Chaffetz has invited John Hannah to be a witness at the hearing, scheduled for Tuesday. He’s a senior official at the Foundation for Defense of Democracies, a neoconish outfit that opposed the Iran deal. But more relevant—or awkward—he’s a former aide to Vice President Dick Cheney who was deeply involved in the Bush-Cheney administration’s use of bogus intelligence to sell the Iraq War.

In 2002, as hawks and neocons were angling to launch a war against Saddam Hussein and trying to generate a case to justify an attack, Hannah, then an aide in Vice President Cheney’s office, was a contact person in the White House receiving false intelligence on Iraq’s supposed weapons of mass destruction from the Iraqi National Congress, an exile group led by Ahmad Chalabi that was trying to encourage US military action against Iraq. As Knight Ridder subsequently reported, “The Bush administration relied on some of the information from the Iraqi National Congress to argue that Saddam Hussein had to be ousted before he could give banned biological or chemical weapons to al-Qaida for strikes on the United States.” And the news service noted that a 2002 letter from the INC to congressional staffers identified Hannah “as the White House recipient of information gathered by the group through a U.S.-funded effort called the Information Collection Program.”

So Hannah was a funnel for phony intelligence. But that’s not all.

In the 2006 book I co-wrote with Michael Isikoff, Hubris: The Inside Story of Spin, Scandal, and the Selling of the Iraq War, we reported that when the Bush-Cheney crowd came into office, Hannah was one of the leading champions of Chalabi, the conniving leader of the INC who died last year. Hannah was also at that time a supporter of an eccentric academic named Laurie Mylroie who had developed the bizarre conspiracy theory that Saddam Hussein, not Islamic extremists such as Al Qaeda, was responsible for most of the world’s anti-United States terrorism. This was a notion discredited by the US intelligence community but embraced by neocons searching for reasons to go to war against the Iraqi dictator.

And Hannah was one of the architects of the speech then-Secretary of State Colin Powell gave to the United Nations in February 2003 that was designed to pave the way to war. The first draft of that speech had come out of Cheney’s office and was referred to as the “Libby draft,” named after Cheney’s chief of staff, Scooter Libby (who would later be found guilty of lying to federal investigators and sentenced to 30 months in prison, though his sentence was subsequently commuted by Bush). In meetings prior to Powell’s UN appearance, Powell’s chief of staff, Larry Wilkerson, challenged many of the allegations within the Libby draft, and Hannah tried to defend the material. Wilkerson later told Isikoff and me, “Hannah was constantly flipping through his clipboard, trying to source and verify all the statements…It was clear the thing was put together by cherry-picking everything from the New York Times to the DIA.” The closer Wilkerson and other State Department aides looked at the draft, the more they found the allegations to be based on unconfirmed and iffy source material. Much of the information, Wilkerson concluded, had come from the INC. Eventually, the draft Hannah was defending was tossed aside. Instead, Powell’s speech would be based on a national intelligence estimate. (This NIE was also predicated on flawed intelligence, but the allegations were less outlandish than those in the Libby draft.)

Of course, most of the Powell speech turned out to be bunk. Had Libby and Hannah prevailed, it would have been even bunkier. Still, Powell’s speech had the intended result: It helped sway public and pundit opinion in favor of the war. Team Cheney, with Hannah a key player, had driven the agenda and helped peddle a hoax—Saddam was neck-deep in WMDs and in cahoots with Al Qaeda—to sell a war. (By the way, in 2007, Hannah, still part of Cheney’s posse, was pushing for a US war with Iran.)

So maybe Hannah does have experience in how a White House tries to create and promote a narrative. But in his case, it was a false narrative. Will he be testifying about that?

Read more here: http://www.mcclatchydc.com/news/special-reports/iraq-intelligence/article24451654.html#storylink=cpy

Read more here: http://www.mcclatchydc.com/news/special-reports/iraq-intelligence/article24451654.html#storylink=cp

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GOPers Probing Iran Deal Turn to Cheney Aide Who Was Involved With Bogus Iraq Intel

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The Hillary Clinton Email Saga: Still No There There

Mother Jones

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Is Hillary Clinton starting to get into serious trouble over the personal email account she maintained as Secretary of State? Hard to say. So far there’s no evidence that she did anything wrong, just a beef between State and CIA over whether some of the emails she sent and received were classified properly at the time. That may change, but for now that’s all we’ve got.

So why is this getting so much attention? As Steve Benen points out, Clinton isn’t the first Secretary of State to use a personal email account:

Politico published this report in March: “Like Hillary Clinton, former Secretary of State Colin Powell also used a personal email account during his tenure at the State Department, an aide confirmed in a statement.”….MSNBC’s Alex Seitz-Wald added at the time: “….Powell, who served from 2001-2005, apparently did not keep a record of personal emails, unlike Clinton.”

As best as I can tell, no one ever cared about the Republican secretary of state using a personal email account. It was, to borrow a phrase, a non-story.

Jeb Bush also used a personal account when he was governor of Florida. And he held onto those emails for seven years before he finally made them public. What’s more, it’s clear that, like Clinton, he decided which emails to release and which to hold back. “Gov. Bush does not have a plan to release his personal e-mails not related to state business,” an aide said in March. That sounds awfully similar to what Clinton has said about her email archive.

I’m not trying to be faux naive here. Nobody cares about Powell because he’s not running for president. Nobody cares about Jeb Bush because….actually, I’m not sure why nobody cares about Bush. The governor of Florida doesn’t handle classified intel, but if that were the big difference then Powell would be under scrutiny too.

It may turn out at some point that Clinton did something wrong. So far, her only real sin is looking guilty—and I’ll confess I don’t understand why she’s acting that way. All it does is give Republicans ammunition and give the press corps an excuse to treat her the way they used to in the 90s. But as near as I can tell, there’s just nothing here, which is why I haven’t bothered writing about it. Aside from the obvious political motivations (for Republicans) and personal animus (among the press), is there any reason this is getting such big play? What am I missing?

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The Hillary Clinton Email Saga: Still No There There

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Scientists may have found a solution for space pollution

Scientists may have found a solution for space pollution

By on 21 May 2015commentsShare

When someone says, “This is where the laser cannon comes in,” that person is usually either joking or plotting to take over the world. But in a surprising turn of events, Discover Magazine editor Corey S. Powell wrote that on his blog yesterday and was neither joking nor (as far as we know) plotting to take over the world.

The laser in question is the brain child of a group of Japanese researchers, and it would basically be the world’s most badass trash collector. And by trash, I mean space junk, which, as Powell explains, is becoming a pretty big problem:

There are about 25,000 human-made objects larger than your fist flying around in orbit, and about half a million pieces bigger than a dime. If you include millimeter-scale shrapnel, the number of rogue bits reaches deep into the millions. Typical speeds in low-Earth orbit are about 30,000 kilometers per hour (18,000 miles per hour), ten times the velocity of a rifle bullet. You see the problem: A little impact can pack a big wallop.

And when all these dead satellites, rocket parts, etc. start to collide, they’ll break into more pieces, which means more collisions, which means more pieces, which means — you get the point. This phenomenon is known as the Kessler syndrome, named after the NASA scientist who brought attention to the runaway space junk problem back in 1978. Here’s more from Powell:

So far, there have not been any space-junk catastrophes remotely resembling the sensationalized events in the movie Gravity, but the reality is still disconcerting. In 2009, a $50 million Iridium communications satellite was destroyed by a collision with a defunct Russian satellite. Three years later, the Fermi space observatory had a near miss with another Soviet-era satellite. NASA had to clad the International Space Station in shielding to protect it from repeated small impacts, and the agency sometimes moves the whole station to dodge larger pieces of junk. Orbiting debris adds cost and risk to the space business.

If all this junk stays up there, it’ll eventually make its way into geosynchronous orbit, where it will circle the Earth roughly once every 24 hours for all of eternity, becoming not only a dangerous obstacle for future space missions, but ultimately, the ruins of a species that never did learn how to clean up after itself.

So you see, “this is where the laser cannon comes in.”

Scientists would use the laser in combination with a telescope that could track down debris just one centimeter in size. Once a piece of junk is identified, the laser would blast it out of orbit and into Earth’s atmosphere, where it would burn up and never hit the ground.

The idea sounds crazy, yes, but according to Powell, other proposals for dealing with space junk involve nets, lassos, magnets, slingshot satellites, and giant vacuums (just kidding — space is a giant vacuum!). So maybe a laser cannon isn’t such a long shot, after all?

The researchers behind the project announced in April that they plan to deploy a small-scale proof of concept on the International Space Station, and if that’s successful, they’ll build a bigger system that would be able to zap trash within a roughly 65-mile radius.

But ideally, Powell says, space junk wouldn’t exist at all:

In the long run, the best way to deal with space junk is never to create it in the first place. One of the most important principles here is what is called design for demise–that is, engineering satellites so that they will automatically de-orbit and remove themselves from the trash pile within, say, 25 years of the end of their mission.

One way to “design for demise” would be to build satellites that deploy solar sails to gently guide them to a fiery death in Earth’s atmosphere when they’re no longer needed — an idea that sounds both beautiful and like something that Bill Nye would totally approve of.

Source:
Space Junk is a Problem. Is a Laser Cannon the Solution?

, Discover.

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Scientists may have found a solution for space pollution

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Chris Powell’s Choose More, Lose More for Life – Chris Powell

READ GREEN WITH E-BOOKS

Chris Powell’s Choose More, Lose More for Life

Chris Powell

Genre: Health & Fitness

Price: $11.99

Publish Date: May 7, 2013

Publisher: Hyperion

Seller: Hyperion, an imprint of Buena Vista Books, Inc.


Transform Your Body, Transform Your Life! Each season, millions of viewers tune in to see Chris Powell lead extraordinary transformations on ABC's breakout hit Extreme Makeover: Weight Loss Edition . Now, building on the basic weight-loss philosophy introduced in his bestselling book Choose to Lose , Chris has created a transformation plan anyone can follow–one that recognizes that no weight-loss journey is the same, and that more options mean longer-lasting results. At the center of Chris Powell's Choose More, Lose More for Life is Chris's carb-cycling plan, which kicks your metabolism into full gear by alternating between low- and high-carb days. Never carb-cycled before? No problem. Powell provides all the information you need to get started and see immediate results. Been carb-cycling but need to shake things up? This book provides four different cycles–Easy, Classic, Turbo, and Fit–to help you find a plan that fits you. Chris also understands that weight loss plateaus when we get bored. So in this book, he focuses on choices –including more than twenty new workouts called Nine-Minute Missions–that pack maximum results into minimal time. He also offers more delicious and easy recipes to keep you eating well, more tracking logs to keep you motivated, and more success stories to inspire you as you write your own–one that lasts for the rest of your life! &quot;If you want results–if you want to lose that weight and transform your life&macr;you need to stop thinking about it and get going! You hold in your hand the map to an incredible path to success, and I'll be right beside you 100 percent, cheering you all the way to your finish line. You're choosing to make a healthy change, and I'm choosing you. It's going to be a wonderful journey for both of us!&quot; – Shape Your Body in Just Nine Minutes Each Day – Find a Carb Cycle That’s Made for You – Build in Cheat Days to Enjoy Foods You Love – Eat Carbs to Lose Weight – Transform Your Body, One Success at a Time

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Chris Powell’s Choose More, Lose More for Life – Chris Powell

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