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Monday, June 18, 2012

Cheat Sheet - Chris Christie: Call Me, Mitt

The Cheat Sheet

Today: Markets Rally, Settle After Greece, Rodney King’s Sudden Death Ends Long Struggle With Demons, Egyptian Generals Flex After Vote
Cheat Sheet: Morning

June 18, 2012
EXPIRED?

Did the Jersey governor blow his White House chances? In this week's Newsweek, he talks to Peter J. Boyer about why he passed on running—and how Romney could talk him into becoming his running mate.

VOLATILE

Investors in Europe sighed and then got back to business after a crucial Greek vote Sunday. Markets showed an early advance Monday, but soon receded as Spanish bond yields topped 7 percent and anxiety over the future of the euro zone continued unabated. “Any relief following the Greek election results should be brief,” Ciaran O’Hagan, Société Générale SA’s head of interest-rate strategy, told reporters. “At best, we are facing a muddle-through scenario in Greece. The focus now returns to Spain, where the latest developments continue to trouble us.” Spain presents the latest front in the fight for the 17-nation common currency and recently became the fourth nation to accept a bailout offer.

STRUGGLE

Six weeks before he died, King shared his lingering fears about racism and his hopes for the future with The Daily Beast. Allison Samuels talks to King’s friends and family about his last months, his plans to get back to rehab, and his legacy. Plus, James Braxton Peterson on what King's death symbolizes and Christine Pelisek reports from L.A..

MUSCLE

No one voted for them. But Egyptian military leaders gave themselves wide-ranging new powers Sunday after the Muslim Brotherhood claimed victory in the country’s presidential election. While a move to consolidate power by the armed forces after a victory by the Islamist party’s candidate was expected, activists have decried the broad assertion of influence as a return to the abuses of disgraced former president Hosni Mubarak. “With this document, Egypt has completely left the realm of the Arab Spring and entered the realm of military dictatorship,” said human-rights activist Hossam Bahgat. The military’s decree reduced the role of the presidency and called for the drafting of a new constitution within three months.

ECONOMICS

World leaders talked in Mexico Sunday as a meeting of the G20 nations that will focus on the world economy got underway. President Obama and Russian President Vladimir Putin will meet Monday, but the two leaders are likely to be wary of one another as distrust between the two countries builds. “I expect that it will be a candid discussion, it will get down to business,” said Ben Rhodes, deputy national-security adviser to Obama. Last week the United States accused Russia of sending weapons to aid the regime of Syrian dictator Bashar al-Assad, and discussions of Russia’s role in the embattled nation could take place.


MEDIA CYCLE
Campaign Ad Buys Target News Shows
In contested states.
ORBIT
China Makes Space Docking
Astronauts dock with space module.
BEDLAM
Abuse at NJ Halfway House
With ties to Gov. Chris Christie.
GUNMEN
Attack on Israel-Egypt Border
Israeli civilian, one militant confirmed dead.
AUTOIMMUNE
Jack Osbourne Diagnosed With MS
Reality-TV star is 26.
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