Cheat Sheet - So You Raised Taxes. Now What?

January 02, 2013 FISCAL CLIFF 1. So You Raised Taxes. Now What? Yay, we didn't fall off the cliff! And liberals got the tax hikes on the wealthy that they always wanted. So why don't they seem very happy? The Daily Beast's Megan McArdle on the tricky path forward for Democrats now that they can't keep clamoring for the rich to pay up. Read it at The Daily Beast VICIOUS 2. Syria Jets Bomb Gas Station Dozens are dead after Syrian warplanes bombed a gas station near Damascus. Activists reported that the airstrikes happened as fuel was delivered to the packed station in Nawras. At least 30 bodies were seen burnt or dismembered, and dozens more were wounded. Amateur video seemed to confirm the siege. Meanwhile, Islamist rebels reportedly attacked a northern air base. Read it at Haaretz THE DISH 3. Andrew Sullivan Leaves The Beast Andrew Sullivan reflects on his illustrious blogging career as he announces—via blog post, of course—that he and his Dish team are taking their show on the road. After 12 years and three major media outlets—most recently The Daily Beast—Sullivan and his two executive editors, Patrick Appel and Chris Bodenner, are breaking out on their own. The bloggers now make up the three-man independent company Dish Publishing LLC and, as of Feb. 1, can be found behind a metered paywall at their original URL, www.andrewsullivan.com. Their presence will surely be missed at The Beast. Read it at The Daily Beast SWEET RIDE 4. Avis to Buy Zipcar $500 million could buy a lot of trips to the grocery store. Rental-car giant Avis Budget Group, Inc., is buying Zipcar for $491.2 million, the company announced Wednesday. A carsharing service, Zipcar has expanded to 760,000 members since being founded in 2000, serving mainly urban areas and college campuses. The company went public in 2011, and Avis will be paying a 49 percent premium to Zipcar's closing price. Read it at Associated Press BOOYAH 5. Fiscal Deal Boosts Stocks Wrong again, Mayans! The new year is getting off to a good financial start as stock markets rallied in the wake of the late-night fiscal-cliff deal. U.S. stock markets, which rallied more than 1 percent on Dec. 31 in anticipation of a deal, were off to the races Wednesday morning, with futures on the broad stock indices up more than 1 percent. The Dow Jones industrial average surged 200 points. Global markets also rose sharply. The House voted 257–167 to approve the Senate bill that would avoid major tax hikes and spending cuts. Read it at CNBC TRAGEDY Bieber Paparazzo Hit By Car, Killed After snapping picture of singer's Ferrari. CAPTURED American Journalist Missing in Syria For more than a month. WARNING Alabama Makes Mass Shooting Vid With safety tips. TRAGEDY Son of Clippers Owner Found Dead Scott Sterling was 32. BRANGELINA Report: Pitt and Jolie Marry Wedding rumored to have been on Christmas Day. 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. Rep. Peter King: I'm 'Over' the GOP After Speaker John Boehner shelved a vote to help victims of Hurricane Sandy Tuesday night, New York Republican Peter King told CNN that the GOP 'turned its back' on his constituents, and suggested he might leave the party. More Videos Is This App Racist? by Winston Ross You Say 2012 Was Bad? by Sami Yousafzai , Ron Moreau 50 Must-See Movies of 2013 by Marlow Stern

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