Within 24 hours of rejecting the Keystone XL pipeline project—angering unions, industry, and Republicans, President Obama released his first campaign ad touting his record on energy. The ad cites a study from the Brookings Institute and implies that President Obama has created 2.7 million jobs in green energy, a number that is “expanding rapidly.” Next the ad brags about the fact that for the first time in 13 years, America is now less than 50% dependent on foreign oil. Both numbers have some truth—but both have little to do with the President's efforts.
Moody's Puts Puerto Rico on Downgrade to Junk Review Citing Very High Debt, Pension Obligations, Chronic Deficits; Exodus Underway | Mike Shedlock
Radical Capitalism: A remote Indonesian village runs its own telecommunications company. (From a laptop and a tree) | Nick Sorrentino
Open Letter to Obama and Congress From Internet Giants Calls For Reining In Government Surveillance | Nick Sorrentino
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino