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Friday, November 2, 2012

Cheat Sheet - What the Heck is Mitt Thinking?

Today: R.I.P., Mitt , Staten Island Ferry Resumes Service , Cuomo: Don't 'Panic' Over Gas
Cheat Sheet: Afternoon

November 02, 2012
IT'S OVER

Romney made multiple mistakes that will lead to his defeat on Tuesday. Some of them date all the way back to 2008. The Daily Beast's Robert Shrum on how the election was lost.

BACK IN BUSINESS

New York City is, step by step, moving toward a point of normalcy. The city announced that the Staten Island Ferry will resume service Friday at noon, launching every half hour in both directions. The borough, New York City's least populated, was one of the hardest hit from the storm. In addition to sustaining devastating damage, 19 people from Staten Island were killed—accounting for almost half of the city's death toll from the storm. That includes two children, ages 2 and 4, who were swept out of their mother's arms by floodwaters and found dead Thursday yards apart from each other.

BRING US GAS

Calm down, New Yorkers. Power outages and flooded roads have led to an unprecedented run on fuel in the city, but Gov. Andrew Cuomo insisted on Friday there is "no reason to panic, adding that he had waived the city's tax and registration required for tankers to enter the New York harbor. The Daily Beast's Caitlin Dickson reports from Brooklyn on the gas hysteria.

UNEMPLOYMENT

The U.S. unemployment rate ticked up slightly to 7.9 percent in October, a disappointing return to reality after the jobless rate dropped so dramatically in September. According to the monthly jobless report released by the Bureau of Labor Statistics, the U.S. added just 171,000 jobs in October, keeping the unemployment rate flat. But the report did reflect that U.S. companies stepped up their payrolls in October as the economy added more jobs, with the unemployment rate only increasing due to a surge of people entering the workforce. The number comes on the heels of the September report that showed the unemployment rate dropped below 8 percent for the first time in four years. The bureau warned that the survey was conducted prior to Hurricane Sandy, and that the financial impact of the storm had yet to be factored in.

EXPOSED

That the precariously dangling crane atop a luxury building on Manhattan's 57th Street is a project from Extell Development isn't a surprise to Forbes editor Randall Lane, who had disastrous dealings with the developer five years ago. Lane is careful to say that Extell contracted the construction on the 57th Street building to another company, but "destructive corporate culture also somehow correlates with accident/incidents." He had been working with Extell, which began selling new luxury developments in 2002, on a charity event in conjunction with several magazines he was running. Extell never paid Lane's party the money it was owed—nor did it pay any of the charities. "Extell has one of those corporate cultures where promises aren't promises," he says, "and where accidents somehow tend to happen."


SENSELESS
18 Killed in Pakistan Van Attack
Women and children among the dead.
ALMOST THERE
CNN Poll: Obama Up in Colo.
While Pew study shows mostly negative coverage.
PRIORITIES
800 Line Up at N.Y. Apple Store
Abandon post-storm necessities for iPad Mini.
HORRIFYING
Report: Nanny Suspect Angry at Family
Yoselyn Ortega allegedly killed two young children in her care.
END OF AN ERA
Newsweeklies Are a Dying Breed
Others likely to soon follow Newsweek's lead.
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Post-Sandy Campaigning

In the latest installment of The Break Room, political columnist Michelle Cottle speaks with A.B Stoddard, columnist for The Hill newspaper, about how Romney 'wants to convince people that he is worth getting in the car for if you are out of power.'



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by Nina Strochlic
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