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Friday, May 18, 2012

Cheat Sheet - Mary Kennedy’s Final Days

The Cheat Sheet

Today: Prosecutors Release New Evidence in George Zimmerman Shooting Case , Facebook's Private Trades Revealed , Dimon Will Testify Before Congress
Cheat Sheet: Morning

May 18, 2012
TRAGIC

The coroner confirmed Thursday that Mary Kennedy died from asphyxiation from hanging and her funeral will be held Saturday in Bedford, New York. The Daily Beast’s Michael Daly looks at the events leading up to the heartbroken mother of four’s sad end, including Kennedy’s recent despair over her impending divorce and her distress over her estranged husband’s new public romance with actress Cheryl Hines.

NEW INFORMATION

The trove of new documents in the Trayvon Martin case released Thursday ask a whole lot more questions than they answer. The Daily Beast’s Aram Roston on everything from witness statements to on-the-scene photos.

Billions

When Facebook first sold shares in April of 2008 on SecondMarket, a place where private trades take place, the company was valued at $8.1 billion, according to CNBC, which looked at the private market for Facebook stocks ahead of the company’s initial public offering on Friday. Facebook will start trading stocks on the open market at 11 a.m. Friday, 90 minutes after the New York Stock Exchange opens, and a share will be traded at $38, giving the company a $104 billion valuation. But SecondMarket trades showed that in April 2009, about a year after Facebook's private shares began trading, the valuations plunged to just $2.6 billion, with shares worth just a little more than a dollar.

Hot Seat

It’s been a rough few days for JPMorgan Chase CEO Jamie Dimon. First came news that his company suffered a $2 billion trading loss. Then came reports that the loss might be closer to $3 billion. Now, Dimon is going to have to go before the Senate Banking Committee to explain what happened. The invitation comes as the committee finishes its efforts to implement Wall Street reform. Critics of the big banks say this is the perfect opportunity to do something about institutions that are “too big to fail” and argue JPMorgan Chase should be broken up.

Defiant

Syrian President Bashar al-Assad this week warned foreign states against trying to "sow chaos" in an apparent reference to Arab Gulf nations during remarks to a Russian TV channel. Gulf powers like Saudi Arabia and Qatar have argued that Syrian insurgents should be supplied with weapons, and Assad's government has repeatedly accused countries of backing a "terrorist" campaign. The warnings come as an increasingly shaky ceasefire continues to unravel, as protesters were attacked Thursday at Aleppo University in Syria's biggest city.


Killings
Alleged Cop Impersonator Arrested
Accused of killing two people in Mississippi.
China
Blind Activist's Nephew Charged
For "homicide," but denied his choice of lawyer.
Again
Justice Breyer’s House Burglarized
Follows February break-in at vacation house.
Sky-High Price
NYC Condo Sold for Record $90M
Anonymous buyer purchases in planned building.
Queen
Celebs Mourn Donna Summer
With tweets from Janet Jackson, Robyn, etc.
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