Some reading for your Friday afternoon:
1. Ayatollah Khamenei escalates the rhetoric and says opposition leaders will be responsible for "bloodshed and chaos" if the protests continue (a possibility that members of hard-line militias may seek to ensure becomes a reality.) He denies that Iran's election was rigged, though he's contradicted by what evidence is available. Roger Cohen lauds the protesters, and says Obama should be more firmly on their side. I disagree. I think Obama has struck the proper tone of concern and and caution. Were it not for our history of meddling in Iran's internal affairs, I might think otherwise.
2. More details on Obama's new financial regulations plan. Changes no doubt, but maybe not the sweeping kind that we need, according to Paul Krugman. The bad news on the economy in general has slowed, but Martin Wolf says we shouldn't be too hasty about thinking we're out of the woods yet. Certainly some (like small businesses) are having a very rough time of it.
3. Check for flying pigs outside your window, because today Ken Starr has come out in support of of Sonia Sotomayor.
4. John Shalikashvilli, chairman of the Joint Chief of Staffs under Clinton, says that arguments against gays in the military are poorly reasoned and insupportable.
5. Egypt shocked Italy 1-0 in Confederations Cup play yesterday, a result that perhaps shouldn't be so surprising given their play against Brazil. Fortunately for the U.S. this means that a win against Egypt tomorrow means the US will make it out of the first round. Unfortunately, the fact that Egypt is playing so well against the giants makes such a victory highly unlikely.
6. Today is Juneteenth round these parts, a celebration of the day that slaves were liberated in Texas.