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Saturday, December 3, 2011

The Browser daily newsletter [03 Dec 2011]

3 December 2011

 Best of the Moment

Wall Street Is Already Occupied

Jesse Eisinger | ProPublica | 30 November 2011

Eisinger's piece is a great example why we should hate the amorphous term "Wall Street." Inside the world of finance, there's a "secret confederacy" who knows the game is rigged and wants change Comments

How Assad Stayed In Power

Tony Badran | Foreign Affairs | 1 December 2011

Russia has blocked UN action. It sees Syria as buffer against Turkey, ally against US, and base for projecting power into Middle East. Danger comes from Turkey—which has been slow to back Syrian rebels, but is doing so now Comments

How Paulson Gave Hedge Funds Advance Word Of Fannie Mae Rescue

Richard Teitelbaum | Bloomberg Markets Magazine | 29 November 2011

More than three years later, we're still unwinding the cozy pre-crisis relationship Wall Street maintained with its regulators. At minimum, this story suggests a profound carelessness by one of America's most powerful regulators Comments

Welcome To The Age Of Overparenting

Katherine Ozment | Boston Magazine | 30 November 2011

Cautionary tale of modern parenting: "I’d bought into the self-esteem dogma — the idea that bathing our children in good feeling and positive reinforcement arms them with the confidence they need to lead better lives." A mistake Comments

The Surveillance Catalog

Anonymous | WSJ | 18 November 2011

Just because you're paranoid, doesn't mean there isn't a vast multibillion-dollar industry dedicated to tracking your every move. WSJ has a ground-breaking and frightening display of industry documents Comments

Is Pricey Champagne Worth It?

Alex Halberstadt | Gilt Taste | 29 November 2011

Depends. Worst thing you can do is buy expensive vintage champagne and then drink it too soon, before flavours have developed. Much is drunk this way though. People can't be bothered to wait. But there are alternatives Comments

BREAKING NEWS: Herman Cain Suspends Presidential Bid

After consulting with family, GOP candidate suspends campaign amid allegations of infidelity, sexual harassment

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Box Office Report: 'Twilight: Breaking Dawn' Leads Ho-Hum Weekend With $5.5 Mil Friday

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The Hollywood Reporter Box Office
 
December 03, 2011
Box Office Report: 'Twilight: Breaking Dawn' Leads Ho-Hum Weekend With $5.5 Mil Friday

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Cheat Sheet - Sandusky: Joe Paterno Never Confronted Me

Today: Herman Cain's Departure Helps Other Candidates, but Which Ones?, Burma Legalizes Protest, Pakistan Claims U.S. Gave Bad Intel
The Daily Beast Cheat Sheet: Morning

December 03, 2011
REVELATIONS

Former Penn State assistant football coach Jerry Sandusky says head coach Joe Paterno never spoke with him about the reports of sexual assault made against him, and that Sandusky's charity, The Second Mile, never restricted his access to children until he officially became the subject of a criminal investigation. In an extended interview with The New York Times, Sandusky continues to deny the charges against him, though he acknowledged elements of the case, such as his habit of buying expensive gifts for young boys involved in his charity program, having them over for wrestling matches and sleepovers, and showering with them.

DONE?

The improbable rise of Herman Cain could come to an end at 1 p.m. EST Saturday, with multiple sources saying that the candidate will announce his withdrawal from the race. He reportedly met with his wife Friday to discuss his campaign's future. A departure by the former frontrunner and ex-pizza executive would shake up the wild-and-crazy GOP race. Who will benefit? Patricia Murphy sorts out the spoils.

PROGRESS

Burma approved its first law permitting peaceful protests as U.S. Secretary of State Hillary Clinton ended her historic diplomatic trip to the repressive country. The law isn't without qualifications: anyone planning a protest must request approval five days in advance and explain the slogans they plan to chant. Police can deny permission but must explain why.

DISPUTE

The debate over who's responsible for an American airstrike that inadvertently killed 24 Pakistani troops on the border between Pakistan and Afghanistan continues. Friday, Pakistani officials say it was the U.S. who gave the wrong information about where the strike would be directed, which is why Pakistan gave the U.S. the go-ahead. U.S. officials insist Pakistanis had the correct coordinates of the planned attack when they gave permission to strike. Pakistan has declined to participate in the U.S.'s investigation of the friendly-fire incident and has stopped all transport of NATO supplies across its border with Afghanistan.

AFFIRMATIVE ACTION

The Obama administration issued new guidelines Friday to promote racial diversity on college campuses, replacing a Bush-era interpretation of a Supreme Court decision that warned against considering race in admissions. The new suggestions encourage schools to consider things that are often proxies for ethnicity, such as socioeconomic data, domestic instability, or even the racial composition of students' high schools. "Post-secondary institutions can voluntarily consider race to further the compelling interest of achieving diversity."


'FAST AND FURIOUS'
Justice: We Didn't Mislead Congress
In controversial drug-trafficking investigation.
APPLICATIONS
U.K. Hiring Spies With Puzzle
At least 50 people have solved it so far.
INJURY
McGovern Hospitalized After Fall
In "guarded" condition.
MONOPOLY
Verizon Strikes Deal With Cable Companies
Sparks concerns of eliminating competition.
SEARCH
McCready's Son Found in Arkansas
Country singer hiding in closet with boy.
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