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The Daily Beast - The Morning Scoop - April 14, 2011
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CHEAT SHEET
MUST READS FROM ALL OVER
REACTIONS
1. Obama's Liberal Pep Talk
In an address that offered a vigorous defense of liberal values and
traditional entitlement programs, President Obama laid out his vision
for a plan that would cut $4 trillion from the deficit over the next 12
years. Daily Beast contributors weigh in: Peter Beinart on how China can
help Obama win the budget battle, Andrew Sullivan on Obama's moment of
fiscal truth, Eleanor Clift on the president's liberal cred, John Avlon
on the missing specifics, Grover Norquist on Obama's fear of Paul Ryan,
and more.
Read it at The Daily Beast:
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/dail1
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AID
2. Rebels to Get Gaddafi's Assets
Col. Gaddafi can't be happy about this. NATO and leaders of Arab and
African countries have agreed to "work urgently" to transfer Gaddafi's
frozen assets to the rebels. The announcement comes after the first
meeting between members of the NATO-led coalition, regional leaders, and
the Libyan rebels. "This is the money of the Libyans, not of Colonel
Gaddafi," said Italy's foreign minister, Franco Frattini, who added that
the aid would go toward "humanitarian and daily needs." Rebel leader
Abudl Hafidh Ghoga expressed optimism about members of the coalition
soon arming the rebels, but he would not reveal whether any agreement
had been reached. "We have made a request to those friendly nations and
those who have made their official recognition, and we are in the final
stages of requesting military equipment," said Ghoga. If the rebels get
military aid, it will likely be from single nations rather than from the
coalition as a whole.
Read it at The New York Times:
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/dail2
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INTRIGUE
3. U.S.: Iran Active in Mideast Protests
Iran is secretly helping Syrian President Bashar al-Assad put down
pro-democracy demonstrations, and discussing aiding Shiite demonstrators
in Bahrain and Yemen, U.S. officials say. Iran has been providing Syria
with equipment and training on suppressing protests, including advice on
how to curtail and monitor text-messaging and Internet activity. They've
also been sharing their experience in putting down the 2009 Green
Revolution. "These guys know the best practice in this kind of situation
- they've had lots of experience in this sphere," said a U.S. Defense
official. The U.S. has also intercepted communications between Iranian
officials about sending cash and weapons to Shiite opposition elements
in Bahrain and Yemen. The debate still seems to be ongoing, though one
official says they have intelligence showing Iran has already made small
transfers of money and weapons to Bahrain. U.S. intelligence agencies
have long been skeptical of Bahrain and Yemen's claims that Iran is
meddling in their affairs, but last week Defense Secretary Robert Gates
said the U.S. had evidence of Iranian interference in the region.
Read it at The Wall Street Journal:
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/dail3
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SHADY
4. Sources: U.S. Investigating Banks' Libor Dealings
Sources said Wednesday that U.S. officials are investigating whether
some of the world's biggest banks worked together to understate their
own borrowing costs before and during the financial crisis - affecting
trillions of dollars in loans and derivatives. The borrowing costs are
used to calculate the London interbank offered rate, or Libor, and for
the past year, law-enforcement officials have been investigating if
banks effectively formed a global cartel and coordinated how to report
borrowing costs between 2006 and 2008. The investigation is being led by
the U.S. Justice Department and the Securities & Exchange Commission.
Roughly $10 trillion in loans and $350 trillion in derivatives are tied
to Libor, which affects costs of everything from corporate bonds to car
loans, and if the rate was kept artificially low, then borrowers were
not likely to be harmed—meaning struggling banks would not have to
answer questions about their practices.
Read it at The Wall Street Journal:
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/dail4
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LAST STRAW
5. U.S. Drone Strikes Enrage Pakistan
Pakistani officials issued a sharp criticism to the U.S. after the CIA
launched two missiles at militants in tribal areas Wednesday. The drone
attacks came only two days after Pakistan's spy chief told the U.S. to
drastically reduce its CIA operations in Pakistan in response to CIA
agent Raymond Davis' alleged killing of two civilians in the midst of a
mugging. Pakistan's foreign ministry issued a statement saying these
attacks are "counterproductive and only contribute to strengthen the
hands of the terrorists." CIA Director Leon Panetta, Joint Chiefs of
Staff Chairman Adm. Mike Mullen, and the chief of Pakistan's lead spy
agency, Lt. Gen. Ahmed Shuja Pasha, said they had agreed on Monday that
the CIA will give advance notice of drone strikes and will carry out far
fewer. Despite the Pakistani response, American officials insisted
Wednesday's strikes are "consistent" with the agreement.
Read it at The New York Times:
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/dail5
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Click here for more of the Cheat Sheet at The Daily Beast:
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/cs
CONDEMNATION
Probe: Goldman Misled Investors
Referred for criminal and civil action.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/cht6
INTO THE RING
Santorum Launches 2012 Exploratory Committee
Latest GOP hopeful to tiptoe toward a campaign.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/cht7
ABOUT TIME
FAA Ends Solo Controller Overnight Shifts
After fifth sleeping incident this year.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/cht8
WHO KNEW?
Arrest of Chinese Artist Angers Gamblers
Ai Weiwei a renowned blackjack player.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/cht9
HACKING
Another News of the World Journalist Arrested
More searches expected.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/cht10
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BLOGS & STORIES
FROM OUR CONTRIBUTORS
An Anti-Gay Marriage Crusader on His Conversion
by Eve Conant
Louis Marinelli, who campaigned against gay marriage with the
conservative National Organization for Marriage, has suddenly become a
supporter. Eve Conant on his agonizing decision - and the backlash.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/fea1
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20 Most Dangerous Jobs
by The Daily Beast
Police officers and firefighters are everyday heroes, but it may be time
to recognize farmers and fisherman, as well. The Daily Beast once again
examines the figures to find out the riskiest jobs in America.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/fea2
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Bieber's Clash With Bib
by Tricia Romano
The pop sensation was supposedly to have a summit with Netanyahu on a
trip to the Holy Land, but it was just hype. Saving puppies might be
closer to the teen idol's heart, writes Tricia Romano.
http://e.thedailybeast.com/a/tBNpugSB7SwhTB8aTYlNsjV9oGA/fea3
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