Cheat Sheet - Yes, the Sequester Is Actually Bad

Today: WikiLeaks Publishes 1.7M U.S. Records , Thatcher's Economic Legacy , Chelsea Clinton: I'd Run for Office April 08, 2013 Disaster 1. Yes, the Sequester Is Actually Bad Many people in Washington never treated $85 billion in budget cuts with the seriousness it deserves. Pundits even said that President Obama was crying wolf on sequestration. But the wolf is real, says former Obama speechwriter Jon Favreau in his debut Daily Beast column. Read it at The Daily Beast Revealed 2. WikiLeaks Publishes 1.7M U.S. Records Julian Assange is at it again, publishing more than 1.7 million U.S. diplomatic records from 1973 to 1976, the period during which Henry Kissinger was secretary of State and national-security adviser. Unlike past WikiLeaks dumps, however, most of these were already declassified. WikiLeaks' main contribution was putting the trove into a searchable database called the Public Library of U.S. Diplomacy (PlusD). Assange, who is still avoiding arrest by hiding in the Ecuadorian embassy in Britain, says the documents hint at the scope of U.S. intelligence activity around the globe at the time. Read it at The Guardian The Iron Lady 3. How Thatcher Became Thatcher Her radical transformation of England was necessary, but her work remains incomplete. The Daily Beast's Megan McArdle on the lasting economic impact of the Iron Lady. Plus, David Frum on how Thatcher saved Britain and her 11 most badass moments. Read it at The Daily Beast dynasty 4. Chelsea Clinton: I'd Run for Office Are the Clintons the new Kennedys? Chelsea Clinton will consider running for public office, the former first daughter said in an interview Monday with NBC News. She said she's currently happy with the politicians that represent her where she lives, but "if at some point that weren't true and I thought I could make a meaningful and measurably greater impact, I'd have to ask and answer that question." As for all that talk about her mother, Hillary Clinton, running for president in 2016: "I very much want her to make the right choice for herself," Chelsea said. "I know that will be the right choice for our country." Read it at The Hill GOLDEN PARACHUTE 5. Rutgers Athletic Director Gets $1.2M Everyone involved in the Rutgers basketball scandal is making out pretty well. Tim Pernetti, the athletic director who resigned amid criticism that he was slow to act on coach Mike Rice's abusive treatment of players, is getting $1.2 million in salary, two years of health insurance, a car allowance, and an iPad. Pernetti resigned last week after video surfaced of Rice shouting homophobic slurs at players and hurling basketballs at their heads. Rice got $1 million—75 percent of his remaining salary—and a $100,000 bonus for working through the current season. Read it at the Associated Press Heist Thieves Steal Five Tons of Nutella After massive coffee theft. TOO GOOD TO CHECK Ferrets on Steroids Sold as Poodles Wouldn't you be able to tell? Twitter Victim Thatcher Hashtag Causes Panic About Cher She's alive, don't worry. COLLAPSED Crews Recover Bodies of Buried Kids Buried under collapsed construction site Sunday evening. 'See you real soon' Mousketeer Annette Funicello Dies Former teen idol was 70. 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. Maggie's Magic Moments Known for her firm convictions, Prime Minister Margaret Thatcher knew how to make her point. Watch this mashup of some of her best lines. More Videos Obama's Dangerous Nuclear Dance by Leslie H. Gelb Inside the Kissinger Cables by Michael Keller The NCAA's Secret Shame by Evan Weiner

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