Cheat Sheet - You Call That a Compromise?

Today: BBC: ‘Errors’ in Scandal Reporting , Feds Hope to Use Former Underling to Land Hedge-Fund Trader Steven Cohen , Anti-Morsi Protests Rage November 27, 2012 Cliff Notes 1. You Call That a Compromise? As the fiscal cliff nears, some Republicans are backing off their anti-tax orthodoxy—but they’re still living in the past. The Daily Beast’s Daniel Gross on why the concessions aren't good enough. Read it at The Daily Beast OBVIOUS 2. BBC: ‘Errors’ in Scandal Reporting Two senior officials at the BBC on Tuesday admitted “basic” and “elementary” errors in their journalism when they inaccurately alleged that a Conservative Party politician was being investigated for sexual abuse. The BBC director-general has resigned amid the controversial reporting, and the acting director-general, Tim Davie, said the organization is currently in crisis. Davie and the head of the supervisory BBC Trust, Chris Patten, spoke before Parliament on Tuesday—more than a month after Davie’s predecessor George Entwistle appeared before the same committee. Later this week, the same parliamentary committee will announce its findings in a separate investigation into phone hacking at Rupert Murdoch’s News Corp.—a move that could lead to more regulation of the British press. Read it at The New York Times Inside Trading 3. Can Feds Bag ‘Teflon Trader’? The government is trying to persuade former SAC employee Mathew Martoma to turn against his ex-boss in a $267 million insider-trading case involving an Alzheimer’s drug. So far Martoma is not playing ball—and both men insist they are innocent. The Daily Beast’s Michael Daly reports. Read it at The Daily Beast CRISIS 4. Anti-Morsi Protests Rage Upwards of 100 people are reportedly injured after thousands of protestors stormed Tahrir Square in Egypt Tuesday. It is the fourth day of demonstrations since President Mohammad Morsi announced a decree expanding his powers and preventing his decisions from court challenges. Though the demonstrations have been mostly concentrated in Tahrir Square, the site of the 2011 uprising that ousted longtime dictator Hosni Mubarak, anti-Morsi rage has spread throughout the country. “We don’t want a dictatorship again. The Mubarak regime was a dictatorship. We had a revolution to have justice and freedom,” said one protestor. Read it at Reuters RELENTLESS 5. Rice Meeting Troubles GOP Senators Susan Rice didn’t do a very good job assuaging three Republican senators’ concerns about her explanation of the Sept. 11 attack on the U.S. Embassy in Libya. In fact, after a closed-door meeting with the U.N. ambassador Tuesday, Sens. John McCain, Lindsey Graham, and Kelly Ayotte were left even more worried than before. According to Senator Ayotte, Rice said she was wrong in claiming on national television that the attack had been spurred by a spontaneous demonstration. Rice’s comments, however, were not made immediately after the attack but five days later with the help of intelligence. Read it at Associated Press FISCAL CLIFF Durbin: Dems Have A Debt Plan Says voters want taxes raised on the wealthy. BOOST France to Back Palestinian Statehood At the U.N. LEGEND Baseball’s Marvin Miller Dies The union leader was 95. DESPOT HUNK ‘Onion’ Fools Chinese Newspaper Calling Kim Jong-un “sexiest man alive.” Not Again Third Elmo Accuser Emerges Already writing book about the experience. 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. Beinart: Obama Can Ignore the Left As the fiscal cliff looms, the left is pushing Obama not to cut entitlements. But why should he listen? On today's NewsBeast, Peter Beinart talks about the group that has the least leverage with the president: his most liberal supporters. More Videos Was Arafat Poisoned? by Dan Ephron Generals Never Had to Be Faithful by Andrew Roberts The Woman Who Beat Chris Brown by Tricia Romano

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