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Friday, August 10, 2012

Cheat Sheet - The Election Wall Street Can’t Lose

The Cheat Sheet

Today: Thousands to Honor Sikh Victims , Syria: There Goes the Neighborhood , Obama Targets ‘Notorious’ Scandal
Cheat Sheet: Morning

August 10, 2012
ONE PERCENT

Everyone hates the big banks–except the two candidates running for U.S. president. Joel Kotkin weighs in on how the election is a watershed moment for bipartisan crony capitalism, in which Wall Street can’t lose, and America can’t win.

MEMORIAL

This weekend, Milwaukee, WI, will host one of its biggest memorials ever in honor of the victims of last Sunday's Sikh Temple shooting. Organizers have extended a planned wake and visitation two additional hours to accommodate thousands of expected mourners. National and state dignitaries will also be in attendance, from U.S. Attorney General Eric Holder to Wisconsin Governor Scott Walker and Rep. Paul Ryan. After the wake, the temple will host a traditional Sikh remembrance of the victims at the site of the shooting.

NO WINNERS

As fighting intensifies in Syria, three fragile states next door are being drawn toward the war. The Daily Beast’s Christopher Dickey on how the civil war is spoiling the region.

GLOVES OFF

Obama's SuperPAC, Priorities USA, has taken a lot of flak for some of its recent television spots. Now, in a new ad, the campaign itself has accused Romney of intimate financial involvement in one of "the largest tax avoidance schemes in history." As its narrator puts it, “We do know that Romney personally approved over $70 million in fictional losses to the IRS as part of the notorious ‘Son of Boss’ tax scandal,” the narrator says, “Isn’t it time for Romney to come clean?” The accusation centers on Romney's role as an auditor for Marriott International in the 1990s, when the hotel chain was successfully accused of using a complicated tax shelter.

LONG WAR

The Sangin district of Helmand province, one of Afghanistan's most deadly, has claimed the lives of three more American servicemen. An Afghan police commander and his men invited three special forces members to dinner, saying they planned to discuss security. "During dinner, the police commander and his colleagues shot them and then fled," a senior Afghan official told Reuters. Three were killed. "It looks like he had drawn up a plan to kill them previously," he added. Shootings like these have grown distressingly common, and have alienated U.S. troops from their potential local allies. Since January, 28 people have been killed in similar attacks.


POSTAL
USPS Loses $5.2 Billion
Running out of cash.
BLACK HAT
Anonymous: We Hacked Australia
Says it broke into spy agency.
AT THE PUMP
Gas Prices to Rise in California
After refinery blaze.
OOPS
Mom Sues Over Breastfeeding Video
Ended up on porn site.
NO THANKS
2 Towns Nix ‘Jersey Shore’ Spinoff
Snooki and JWoww still searching
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