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Friday, October 28, 2011

Cheat Sheet - Exclusive: ‘Tired’ Cain Slows Down Campaign

Today: Europe Seeks Bailout From China, More Mania in the Markets, Tunisia Hit By Post Vote Protests
The Daily Beast Cheat Sheet: Morning

October 28, 2011
EXCLUSIVE

Herman Cain raised $3 million in October, doubling his campaign fund and helping him lead the GOP pack. But after weeks of going at this breakneck pace, Cain's strategists are slowing down the campaign to give their man a chance to rest and focus. Howard Kurtz on the downshift—and how Cain is defying political gravity.

HELP

China to the rescue? Klaus Regling, the head of the eurozone's bailout fund, is trying to persuade China to invest $100 billion into the fund, which is expected to be raised to 1 trillion euros. Regling says he will try to sell China on the rescue by presenting the fund as a potential investment. Chinese Vice Finance Minister Zhu Guangyao acknowledged the talks, but said they were still in the early stages and details still had to be worked out. The president of the World Bank, Robert Zoellick, said China would invest in the fund only if there were economic incentives to do so, not merely to win goodwill.

WILD RIDE

Though stocks soared on news of a eurozone deal, unfounded swings—from fear of collapse to fear of missing out on the upside—have been the norm for months, says Zachary Karabell.

UNREST

It seems Tunisia's first free election didn't go off completely without a hitch. Security forces have fired into the air in an attempt to disperse a crowd of protesters attempting to attack the headquarters of the regional government in Sidi Bouzid, the town that began the uprising that overthrew Zine al-Abidine Ben Ali. Al-Jazeera reports that protesters have reportedly burned down the mayor's office and set fire to a court. The protests began when the political party called the Popular List had several of its seats canceled because of campaign-finance violations. The Popular List placed fourth in the election. The Islamist Ennahdha party won the election, with 41.5 percent of the votes.

K STREET

At least 15 of President Obama's "bundlers," or supporters who contribute their own money to his campaign and raise it from others, are also involved in lobbying for consulting organizations or private companies. President Obama has gone beyond the requirements of the law in his campaign pledge not to take money from registered lobbyists, but the complicated rules surrounding lobbying means that some of his bundlers work in the lobbying industry yet don't have to register. Meanwhile, Mitt Romney is popular with registered lobbyists, getting contributions from more than 100, according to a Washington Post analysis. Rick Perry has gotten contributions from 72 registered lobbyists.


SECOND THOUGHTS
Big Banks Backtrack on Debit Fees
Chase, Citigroup, and others cancel plans.
JUSTICE?
Libya: Gaddafi Killer May Face Prosecution
Council no longer insists he died in crossfire.
OCCUPY OAKLAND
Injured War Vet Protester Conscious
While NYC activists plan march on banks.
ROYALS
Women Get Equal Rights to U.K. Throne
First born will rule, regardless of gender.
WORLD SERIES
Cardinals Force Game 7
Beat Rangers in thrilling extra-innings game.
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