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Wednesday, June 20, 2012

Cheat Sheet - The Supreme Suspense

The Cheat Sheet

Today: Egypt’s Second Revolution: Purging the Mubarak Regime’s Legacy, Spain and Italy to Be Bailed Out, 4 Held Hostage in Toulouse
Cheat Sheet: Morning

June 20, 2012
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A Supreme Court ruling on the Affordable Care Act that goes against the government could hurt Obama—or it could provide a political opening. Any endorsement of the law could galvanize the GOP. The Daily Beast’s Eleanor Clift on how the left and right are mobilizing for warfare.

AFTER MUBARAK

As Hosni Mubarak reportedly clings to life, thousands of protesters have flooded Tahrir Square to denounce the current military regime. The Daily Beast’s Vivian Salama on how Egyptians are ticked off—and ready to fight for democracy again.

DEBT CRISIS

At this point, who hasn’t accepted a bailout? German Chancellor Angela Merkel and other European leaders reportedly agreed late Tuesday to allow two European rescue funds to buy back the troubled bonds in Spain and Italy in a $950 billion deal. The funds had previously been used to bail out smaller economies such as Portugal and Greece, and it is the first time bailout funds have been directly used for Spanish debt. It represents a sharp policy shift for Merkel, who had long opposed the euro zone’s rescue fund, but the chancellor has come under intense pressure at the G20 economic forum in Los Cabos, Mexico, and as Spain’s borrowing costs soared on Tuesday.

SCARY

An armed gunman who claimed to be a member of al Qaeda is holding four people hostage in a bank in Toulouse on Wednesday, police said. The man reportedly fired a shot and demanded to speak to the police unit that killed Mohamed Merah, the Toulouse man who claimed to be a member of al Qaeda and murdered seven people in a shooting rampage that traumatized France. Police said the area around the bank has been sealed off for security purposes, and a police union source said they didn’t know if the al Qaeda claim is true or “fantasy.”

INVESTIGATION

A U.S. military investigation recommended discipline—but not criminal charges—for up to seven soldiers who burned the Quran in an incident that roiled Afghanistan. U.S. military officials said the classified report was delivered to the Pentagon a week ago, and no final decisions have been made. The lack of criminal charges had been expected after comments made by military officials, but it is likely to anger Afghans, who took to the streets by the thousands and more than 30 were killed in the deadly riots following the February incident. All told, two Army and nine Navy service members were sent back to the U.S., but according to the investigator’s report, several will face no charges.


NOT SO SAFE
Assange Could Face Arrest
For violating bail terms.
DYSFUCNTION
NY Legislature Kills Pot Proposal
Cuomo had called for decriminalization.
BASKETBALL
Heat Beat Thunder, 104-98
Lead series 3–1.
IN THE MONEY
Kristen Stewart Tops Pay List
‘Twilight’ star made $34.5 million in last 12 months.
SUNNY DAYS
‘Sesame Street’ Movie in the Works
Longtime show writer Joey Mazzarino to write script.
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