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Monday, October 14, 2013

Cheat Sheet - Christie Slams Congress

Today: Wall Street Glances Wearily at Washington , Did the U.S. Make a Mistake In Seizing Anas al-Liby? , Somali Pirate 'Big Mouth' Captured
Cheat Sheet: Morning

October 14, 2013
GET TO WORK!

The compromise-friendly New Jersey governor tells The Daily Beast's Lloyd Grove he thinks Washington— including his own party—has failed at its only job: keep the government running. Plus, Fifth and Pacific CEO William L. McComb offers CEO solutions for the shutdown, Michael Tomasky on whether big business can break the right, Peter Beinart calls the shutdown a victory for Republicans, and Lloyd Green claims it is "impeachment on the cheap."

MARKETS

If everyone in the world is in near-universal agreement that Congress should end this impasse and raise the debt limit by October 17, maybe Congress should start listening? Just a thought. European shares and oil opened weakly on Monday as the yen rose while many investors sought safer assets. "This feels a lot like Sunday night on Lehman weekend," said Westwood Capital Managing Partner Daniel Alpert. The government currently has $30 billion in cash in the bank with a little more room to borrow. But if an agreement isn't reached by Thursday, the U.S. will reach its debt limit—that means no more borrowing.

Terrorism

The U.S. government has described Abu Anas al-Liby, who was snatched during a raid in Libya, as the mastermind behind al-Qaeda's 1998 embassy bombings. In the aftermath of his capture, the Libyan prime minister was kidnapped amid a wave of anger at the American intervention on Libyan soil. The Daily Beast's Jamie Dettmer sat down with al-Liby's family in their cramped apartment in Tripoli this weekend -- he was told that U.S. counter-terrorism officials had made a terrible mistake.

INFAMOUS

Maybe he was trying to get an early ticket to go see Captain Phillips. Notorious Somali pirate Mohamed Abdi Hassan, known as "Afweyne" or "Big Mouth," has been detained in Belgium, local media reported Monday. Hassan was detained Saturday in Brussels after arriving on a flight from Nairobi, Belga news agency reported. Despite having been named by the United Nations as "one of the most notorious and influential leaders" of Somalia's pirates, Hassan had said earlier this year that he would be retiring after eight years—and he urged other pirates to do the same. But retirement or not, Hasan has been linked to the 2008 capture of the Saudi-owned Sirius Star oil tanker, and the 134-day hijack of the Ukrainian transport ship MV Faina in 2008.

WTF

Sounds like a fourth-grade science experiment gone wrong. A "dry ice bomb," or a plastic bottle filled with dry ice, exploded in a bathroom at Los Angeles International Airport Sunday night, causing delays, but luckily no injuries. An employee reported hearing an explosion around 7 p.m. in the Terminal 2, Gate 27 restroom, and discovered the bottle. LAPD's bomb squad arrived to investigate, and cleared the area with normal operations resuming around 9 p.m. The investigation has been turned over to the FBI.


EXCLUSIVE
Malaysian Court: Only Muslims Can Use 'Allah'
All faiths currently say it.
STILL OPEN
McCann Suspect's Images Released
Man seen near resort where Madeleine disappeared.
MAMBO KINGS
Author Oscar Hijuelos Dies
First Latino to win the Pulitzer for fiction.
OOPS!
Banksy Sells Art for $60 in NYC
Valued at $40,000, but hardly anyone bites.
MIDDLE CLASS
Report: Prince George's Godparents Will Be Commoners
Three school friends allegedly chosen.
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