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Saturday, October 12, 2013

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October 12, 2013
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Why Markets Trend Why Markets Trend
by Joshua Brown on Oct 12, 2013, 11:37 AM
We can blame ourselves.


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Cheat Sheet - The Shutdown's Human Cost

Today: Senate Taking Lead on Shutdown Talks , At the Values Voter Summit, It's YOLO Conservatism , Major Cyclone Headed for Indian Coast
Cheat Sheet: Afternoon

October 12, 2013
A Family's Hope

One mom's all-out fight for an experimental gene therapy to save her child was about to reach a critical stage of government approval. Now, it's an agonizing wait. The Daily Beast's Michael Daly reports.

NEW APPROACH

House Republicans are deferring to the Senate to deal with debt ceiling negotiations, confirming Saturday morning that they have nothing new to offer the White House since Obama shot down their proposal for a short-term extension of the debt ceiling. "I'm disappointed that the president has rejected the offer that we put on the table," said House Majority Leader Eric Cantor. "I know that he's trying to see which Republican senator he can pick off the Senate. I hope that the Senate Republicans stand strong so we can speak with one voice." Republican Senator Susan Collins of Maine is working on a bipartisan budget proposal that extends the debt ceiling through January and includes a stopgap bill that funds the government through March. "I'm trying to give the House a serious option to consider," said Collins. "And that's been one of my goals since their first strategy was clearly a very flawed one." 

Values Voter Summit

Inside the right-wing conclave, train-wreck drivers Ted Cruz, Rand Paul and Marco Rubio were celebrated—and completely unchallenged. #YouOnlyLiveOnce. By The Daily Beast's Jamelle Bouie.

'VERY SEVERE'

A severe cyclone is making its way through the Bay of Bengal and expected to hit the east coast of India Saturday evening. More than 400,000 people have already evacuated their homes in an attempt to get out of the storm's path. Cyclone Phailin is expected to surge to at least 10 feet when it makes landfall and cause "extensive damage" to coastal mud houses. People have been asked to leave mud houses and fisherman have been warned to stay out of the sea.  Though the cyclone is still a few hours away from land, people are already feeling its wrath as it approaches. One man from Bhubaneswar, the capital of Orissa state where Phailin is headed, told the BBC that trees have been knocked down and debris is flying around outside. "Already the rain is very heavy and the wind is gusting at 100-120km an hour," he said. "The phone lines are down where I am and we have no electricity." The last time a deadly cyclone hit the same area was in 1999, and more than 10,000 people were killed, but Indian officials say they are more prepared now.

THAT PERFORMANCE

SNL may have inadvertently hit the nail on the head with a joke in last week's cold open featuring Miley Cyrus, in which a man in a giant teddy bear costume leaves rehearsal for Cyrus's VMA appearance crying, "We shouldn't be doing this!"  Hollis Jane writes on her personal blog that she was one of the little people hired to dress up as a bear and dance behind Miley on stage at the VMAs—and the experience was one to forget. "I had never been in a performance where I was purely meant to be gawked at," the 24-year-old wrote,  recalling that she walked out of the first dress rehearsal at the Barclays Center shaking and crying. "I was being stared at and laughed at for all of the wrong reasons. I was being looked at as a  prop...as something less than human." Jane noted that the performance forced her to "draw my personal line in the sand," prompting her to turn down an offer to join Miley on tour. "I wondered if it was worth feeling less than human again," she wrote. "And frankly, it wasn't."


GET IT TOGETHER
Obama to GOP: Don't Let U.S. Default Before the Holidays
The president is pushing for an extended debt ceiling agreement.
STATES TO THE RESCUE
Statue of Liberty, Other Monuments, to Reopen
No thanks to the federal government.
horrible
Adrian Peterson's Son Dies
2-year-old boy dead after being beaten by his mother's boyfriend.
Dear Julian...
Cumberbatch Answers Assange
On Reddit 'Ask Me Anything' forum.
TRAGIC
'MasterChef Finalist Reportedly Killed Himself'
Claimed to be possessed by Gordon Ramsey three months before.

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McCain: I'm Worried About the GOP

At The Daily Beast's Hero Summit, Sen. John McCain took a break from criticizing President Obama's policies in Egypt, Libya, and Syria to denounce the discord in his Republican Party. 'It's the first time I've ever seen Republican senators running ads, raising money that is used to attack other incumbent Republican senators,' said McCain.



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