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Thursday, December 20, 2012

Cheat Sheet - More Guns in Schools?

The Cheat Sheet

Today: John Boehner’s Selfish Gambit May Send Us Over the Fiscal Cliff , UBS Pleads Guilty to Fraud , Blizzard Whacks the Midwest
Cheat Sheet: Morning

December 20, 2012
AFTER NEWTOWN

Initially quiet gun advocates are now arguing that the solution for tragedies like Newtown is not gun control, but arming school personnel—and state lawmakers of both parties are moving to do exactly that, writes The Daily Beast’s David Freedlander. Plus, Michael Daly on how the media acted too little, too late on guns and Daily Beast editors debate how much is too much coverage of the Newtown tragedy.

TAKE A DIVE

The House Speaker is urging the passage of his “Plan B” fiscal cliff plan, which will essentially be a tax hike. With his speakership on the line, John Boehner has given up trying to do what’s best for the country. The Daily Beast’s Michael Tomasky on the consequences of one man’s quest to keep his job. Plus, Matthew Zeitlin and Daniel Gross on the fiscal cliff freakout that hit the markets, and more coverage of the fiscal cliff.

A NEW DAY

Consider this a warning against financial wrongdoing. Amid concerns that. since the financial crisis, the government has not sought criminal charges against certain banks, UBS pleaded guilty to a count of felony wire fraud. The hefty $1.5 billion fine marks the first big global bank in more than two decades to have a subsidiary come clean to fraud. Being honest wasn’t the banks first choice, however—UBS tried to negotiate some rate-rigging leniency, but the Justice Department thought the actions were just too “egregious” to merit any softer sanctions.

SNOWPOCALYPSE-ISH

It’s beginning to look a lot like Chr—monster snow storm! A Blizzard warning has been issued for the majority of the Midwest, from Eastern Colorado to Lake Michigan’s shoreline in Wisconsin. Up to 12 inches of snow is expected with heavy wind gusts. With white out conditions, some hail, and ice, travelers should expect some flight delays. At least there’ll be snow outside for Christmas.

STEPPING DOWN

A report finding management failures are to blame for a lack of security at the U.S. mission in Benghazi, Libya, resulted in the resignation of four State Department officials Wednesday. The security before the attack that left four dead, including Ambassador Christopher Stevens, was called “grossly inadequate” by the board’s co-chairman. Sources tell Politico the officials resigning are Eric Boswell, assistant secretary of state for diplomatic security; Charlene Lamb, the deputy assistant secretary responsible for embassy security; and Raymond Maxwell, the deputy assistant secretary of state.


12/12/END OF WORLD
China Arrests 1,000 in Doomsday Cult
Members think “female Jesus” is coming.
CONTROVERSY
Senators: ‘Zero Dark Thirty’ Inaccurate
Say torture played no role in bin Laden’s capture.
INVENTIONS
Apple’s ‘Pinch to Zoom’ Patent Rejected
Was cornerstone of Samsung case.
BEAST BEAST
Protest to Free Ikea Monkey
At least six attend.
YOU LIKE ME
Miss USA Crowned Miss Universe
College sophomore a “cellist-nerd.”
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