Cheat Sheet - From Frat House to Jail: Student Heads to Prison After Election Fraud

Today: No Deal After Egypt Coup , Alexei Navalny Threatens Russia's Corrupt Status Quo , Banks in Washington Crosshairs July 19, 2013 THE COLLEGE TRY 1. From Frat House to Jail: Student Heads to Prison After Election Fraud Matthew Weaver, a junior at California State University, San Marcos, was dying to win the title of student president, so he rigged the vote. Then he was caught. Eliza Shapiro on why the 22-year-old business major will be spending the next year in prison. Read it at The Daily Beast Chaos 2. No Deal After Egypt Coup Over two weeks after the Egyptian military's overthrow of the government of President Mohamed Morsi, there is still no sign of a deal between the generals and leaders of the Muslim Brotherhood, the movement Morsi led. Morsi's supporters are demanding his release as a precondition for talks, leading to a stall in the process. Morsi and other senior officials have been held since the coup without being allowed to communicate with supporters. Intermediaries believe the Muslim Brotherhood is under the illusion that Morsi will be reinstated, and that their persistence could lead to their being frozen out of a future government, likely bringing on violent protests. Read it at The New York Times WAKING UP RUSSIA 3. The Meaning of Navalny Russian dissident Alexei Navalny was released Friday when an appeals court ruled that his conviction for embezzlement denied him his right to participate in the Moscow mayoral campaign. The Kremlin may have released him for now, but there are a thousand other ways to destroy the activist who breaks every unwritten rule of Russian apathy toward dictatorship and everyday corruption. By Peter Pomerantsev. Read it at The Daily Beast New Rules 4. Banks in Washington Crosshairs The country's biggest banks are facing intensifying efforts to insulate them against causing another economic meltdown, including a new rule proposed by regulators that would require banks to build up more capital as insurance against a future crisis. Treasury secretary Jacob Lew issued an ultimatum to banks calling for the swift adoption of new rules passed in 2010's Dodd-Frank bill, saying the government has still not ended "too big to fail," and that he would be open to further action if necessary. Banks predictably argued that the new oversight efforts would restrict their competitiveness, an argument increasingly falling on deaf ears in Washington. The reason: the six largest banks posted profits of $23 billion in the second quarter, undercutting their insistence that their competitiveness is in danger. Read it at The New York Times Finally Broke 5. Detroit Files for Bankruptcy Times are tough in Motor City. In the largest municipal bankruptcy filing in U.S. history, the emergency manager of Detroit asked a federal judge for permission to put the city into Chapter 9 bankruptcy protection on Thursday afternoon. Gov. Rick Snyder said in a letter authorizing the filing that he understood "many will see this as a low point in the city's history." Adding: "If so, I think it will also be the foundation of the city's future." Detroit has been struggling for years, with a deficit that has hit $18 billion, while losing around a quarter-million residents in the past decade. If the filing is approved, the city will be allowed to liquidate assets to repay creditors and city pensioners who've lost money from bad bond investments and unpaid contracts. Read it at The Washington Post Circus Prep NY's Peter King Considers 2016 Run Doesn't like what he sees in the Republican field. HEAVY-HANDED Texas Files 'Heartbeat' Abortion Bill Would criminalize abortions about six weeks into pregnancy. SANITY? Florida Protests 'Stand Your Ground' Citizens occupy capitol as lawmakers push for change. Study Fracking Doesn't Contaminate Water Chemicals stay deep below surface. SECRET SCREED Kanye Rants on Leaked Tape About Taylor Swift, racism, and ... things. 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. Emmy Noms in 120 Seconds '30 Rock,' 'Boardwalk,' 'Breaking Bad,' you'll be glad...you watched this supercut of this year's top Emmy nominees. More Videos When Women Stand Their Ground by Kirsten Powers Mitch McConnell Loses His Iron Grip by Michael Tomasky 13 Un-Canceled TV Shows by The Daily Beast

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