Cheat Sheet - Why Blow Up the Fed?

Today: Airstrikes in Syria Kill 43 , Dinesh D’Souza Resigns Presidency of The King’s College , Federal Court Shoots Down DOMA October 18, 2012 NY TERROR PLOT 1. Why Blow Up the Fed? First he targeted the stock exchange, the Department of Justice says. But then the Bangladeshi whose bomb plot was foiled yesterday turned his sights to the New York Federal Reserve building. The Daily Beast’s Daniel Gross on the unique position the lower-Manhattan landmark holds in the U.S. banking system--and why an attack there would be particularly damaging to the global financial system. Read it at The Daily Beast CONFLICT 2. Airstrikes in Syria Kill 43 One video shows a man holding up two child-sized legs, severed from a body. Another man carries an unattached arm. The devastating scenes in northern Syria come after government airstrikes on rebel areas that killed at least 43 people and left the area in piles of rubble. The strikes from President Bashar al-Assad’s Syrian military came late Wednesday and early Thursday. The U.N. and several neighboring nations are calling for a four-day Eid al-Adha truce to begin on Oct. 25. Thursday, Iranian President Mahmoud Ahmadinejad and the Iraqi government endorsed the truce, saying it could “save the region from more miseries and pains.” Read it at Associated Press SCANDAL 3. D’Souza Resigns From The King's College Amid scandal over his engagement to a much younger woman and dissatisfaction with his tenure as president, conservative author and filmmaker Dinesh D'Souza is leaving his post as president of The King’s College. The Daily Beast’s David Sessions reports. Read it at The Daily Beast VICTORY 4. Federal Court Shoots Down DOMA A U.S. appeals court in New York has shot down Section 3 of the Defense of Marriage Act. The highly controversial section defines marriage as heterosexual, and does not provide insurance benefits for government workers, Social Security benefits, and joint filing of tax returns for gay couples. The opinion was written by the conservative judge Dennis Jacobs. The New York court joins Boston as the second to find the act unconstitutional. The issue will be decided by the Supreme Court. Read it at Associated Press UH-OH 5. Google Stock Tumbles Shares of Google were down 10 percent on Thursday after the company’s dismal third quarter earnings report showed the company fell short of expectations. Earnings per share had been pegged at $10.65, and instead came in at $9.03. The report also showed that the company’s revenue was $11.33 billion -- $500 million less than predicted. It’s not clear whether Google meant to release the report midday. The top of the filing says “PENDING LARRY QUOTE.” Read it at Business Insider SCARY Obama Girls’ School Evacuated Unclear if threat was directed toward First Daughters. SHOCKED Fed Bomber’s Family Stunned He's accused of plot to detonate 1,000-pound car bomb. One Last Shot Ann Romney: If Mitt Loses, We’re Done Won’t put her family through another campaign. Twihard Trump Disses Kristen Stewart Says Robert Pattinson can do “much better.” THE BOSS Springsteen Endorses Obama After promising to stay out of the election. GET The Cheat Sheet A speedy, smart summary of news and must-reads from across the Web. You'll love the featured original stories on politics, entertainment, and more from The Daily Beast's diverse group of contributors. GET Culture Beast Weekly cultural recommendations from The Daily Beast. Our Very Own Beasty Boys Do 'Binders' Ludacris ain't got nothing on Mitt Romney. In this parody, The Daily Beast's Jake Heller and Ben Teitelbaum show us how the GOP nominee has binders—binders!—full of women. More Videos What Now, Lance Armstrong? by Eliza Shapiro Romnney’s Abortion Pivot? No Problem by Andrew Sullivan Yes to Condoms in Porn by Aurora Snow

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