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Friday, June 15, 2012

Cheat Sheet - Obama Gets Smart on Immigration

The Cheat Sheet

Today: Gupta Convicted of Insider Trading , Heckler Interrupts Obama Speech , Brown: France, Italy Face Exits
Cheat Sheet: Afternoon

June 15, 2012
DREAMERS
Latinos frustrated by years of record deportations and ineffective policy are ecstatic at the president’s executive order halting forced removals for many young undocumented immigrants. The Daily Beast’s Michelle Goldberg on Obama’s canny move.
WHITE COLLAR

After two days of deliberations, a Manhattan federal jury convicted former McKinsey & Co. executive Rajat Gupta of insider trading. In what was one of the largest white-collar investigations mounted to date, Gupta was accused of passing privileged information to Raj Rajaratnam, a hedge-fund manager who was sentenced to 11 years in prison last year. The jury of eight women and four men found Gupta guilty of four of the charges against him and acquitted him on two counts.

AMATEUR HOUR

Maybe it’s the White House press corps that needs to be better screened. President Obama was heckled during remarks in the Rose Garden on Friday in which the president discussed shifts in immigration policy. The president engaged the heckler, who has been identified in reports as Neil Munro, a reporter for the Daily Caller. “Excuse me sir, it’s not time for questions sir,” the president said. “Not while I’m speaking.” Later the president addressed the heckler again. “And the answer to your question sir, and the next I prefer you let me finish my statements before you ask that question, is this is the right thing to do for the American people,” the president said. “I didn’t ask for an argument, I’m answering your question.”

EUROZONE

Europe’s common currency may become even more of a common liability, former British Prime Minister Gordon Brown cautioned on Friday. In a column published by Reuters, Brown wrote that countries like France and Italy, and not just nations with smaller economies like Greece and Portugal, may be forced out of the euro zone. “The standard, but often empty, language of summit communiqués will simply not do when the euro area is finally approaching its own day of reckoning,” Brown wrote. While some have said that the euro has resulted in two Europes, one embroiled in debt and the other carrying their burden, Brown disagreed. “Even German banks, which are some of the most highly leveraged, are not immune from needing more capital,” he wrote.

BLAST OFF

Liu Yang, a 33-year-old Chinese military pilot, is set to become her country’s first woman in space Saturday. The Daily Beast’s Melinda Liu on the volleyball-loving media darling, her mission—and its scientific potential.


Outrage
Security Forces Surround Parliament
Egyptians plan protest.
‘Tickle Monster’
More Accusers at Sandusky Trial
Say they were sexually abused.
LIQUIDITY
ECB May Ease Euro Tensions
Bank president says as concerns mount.
DISCRIMINATION
Yale Resolves Title IX Complaint
Reaches agreement with Dept. of Ed.
MIDDLE AGES
Oregon Man Gets the Plague
Bitten by stray cat, holding dead mouse.
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