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Thursday, October 18, 2012

Cheat Sheet - Why Blow Up the Fed?

The Cheat Sheet

Today: Airstrikes in Syria Kill 43 , Dinesh D’Souza Resigns Presidency of The King’s College , Federal Court Shoots Down DOMA
Cheat Sheet: Afternoon

October 18, 2012
NY TERROR PLOT

First he targeted the stock exchange, the Department of Justice says. But then the Bangladeshi whose bomb plot was foiled yesterday turned his sights to the New York Federal Reserve building. The Daily Beast’s Daniel Gross on the unique position the lower-Manhattan landmark holds in the U.S. banking system--and why an attack there would be particularly damaging to the global financial system.

CONFLICT

One video shows a man holding up two child-sized legs, severed from a body. Another man carries an unattached arm. The devastating scenes in northern Syria come after government airstrikes on rebel areas that killed at least 43 people and left the area in piles of rubble. The strikes from President Bashar al-Assad’s Syrian military came late Wednesday and early Thursday. The U.N. and several neighboring nations are calling for a four-day Eid al-Adha truce to begin on Oct. 25. Thursday, Iranian President Mahmoud Ahmadinejad and the Iraqi government endorsed the truce, saying it could “save the region from more miseries and pains.”

SCANDAL

Amid scandal over his engagement to a much younger woman and dissatisfaction with his tenure as president, conservative author and filmmaker Dinesh D'Souza is leaving his post as president of The King’s College. The Daily Beast’s David Sessions reports.

VICTORY

A U.S. appeals court in New York has shot down Section 3 of the Defense of Marriage Act. The highly controversial section defines marriage as heterosexual, and does not provide insurance benefits for government workers, Social Security benefits, and joint filing of tax returns for gay couples. The opinion was written by the conservative judge Dennis Jacobs. The New York court joins Boston as the second to find the act unconstitutional. The issue will be decided by the Supreme Court.

UH-OH

Shares of Google were down 10 percent on Thursday after the company’s dismal third quarter earnings report showed the company fell short of expectations. Earnings per share had been pegged at $10.65, and instead came in at $9.03. The report also showed that the company’s revenue was $11.33 billion -- $500 million less than predicted. It’s not clear whether Google meant to release the report midday. The top of the filing says “PENDING LARRY QUOTE.”


SCARY
Obama Girls’ School Evacuated
Unclear if threat was directed toward First Daughters.
SHOCKED
Fed Bomber’s Family Stunned
He's accused of plot to detonate 1,000-pound car bomb.
One Last Shot
Ann Romney: If Mitt Loses, We’re Done
Won’t put her family through another campaign.
Twihard
Trump Disses Kristen Stewart
Says Robert Pattinson can do “much better.”
THE BOSS
Springsteen Endorses Obama
After promising to stay out of the election.
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