Cheat Sheet - The Money-Laundering Vatican Bank Comes Clean

Read This, Skip That .... May 19, 2014 HOLY ROLLERS 1. The Money-Laundering Vatican Bank Comes Clean Perhaps the most-secretive bank in the world cracked opened its books on Monday. More than 25 percent of the bank's business is done in cash, making it a favorite for criminals. Barbie Latza Nadeau reports the Institute for Works of Religion has been cracking down on some of its sleazier clients, according to the report by a Vatican task force. Read it at The Daily Beast EYES OFF 2. U.S. Files Hacking Charges Against China The United States is charging a state actor with cyberespionage for the first time ever. The Justice Department filed criminal charges Monday against five Chinese military officials for hacking American companies in the nuclear-power, metals, and solar-products industries. "They used military and intelligence facilities to commit cyberespionage against U.S. companies," an official told NBC News. "Enough is enough," Attorney General Eric Holder said. "It is our hope that the Chinese government will respect our criminal-justice system." China has long been viewed as the worst perpetrator of using computer spying to gather information and steal trade secrets. Read it at NBC News NO VACATION 3. NSA Records Every Cellphone in Bahamas Americans aren't safe from Big Brother even when they go on vacation. The National Security Agency is recording the complete audio of every cellphone call in the Bahamas and storing them for up to a month. According to The Intercept, which broke the story Monday using documents obtained from Edward Snowden, 5 million Americans visit the Bahamas every year and many of them have homes there. NSA documents say the program is used to locate drug traffickers and smugglers of undocumented immigrants. In addition to the Bahamas, the MYSTIC program is also used to monitor the communications of Mexico, Kenya, the Philippines, and an unnamed country. Read it at The Intercept BRINGING UP BABY 4. Giving Adderall to Toddlers? According to the American Academy of Pediatrics, a child should not be diagnosed with ADHD before age 4. Yet a new report from the Centers for Disease Control and Prevention reveals thousands of toddlers are given stimulant medications to control ADHD symptoms. That's an appalling overuse, writes Russell Saunders. Doctors owe it to young and vulnerable patients to use these medications sparingly and judiciously. Read it at The Daily Beast TIT FOR TAT 5. Congress Targets Russia's 'Satan' Missile Earlier this month, Russia announced that it would halt the sale of rocket engines to the U.S. if they were to be used for military purposes. House Armed Services Subcommittee Chairman Mike Rogers is retaliating with an amendment to squash Russia's access to intercontinental ballistic missiles in Ukraine. Eli Lake reports that Ukraine actually makes most of the R-20 missiles—known to NATO as SATANs—and continues to provide them to Russia. Read it at The Daily Beast media circus Jill Abramson: I'm Scared but Excited Doesn't know what's next. face-off Holder: Justice Roberts Wrong on Race Says ignoring racism won't work. put down the spoon U.N. Official: Tax Unhealthy Foods Says they're worse than tobacco for global health. hint hint Christie Attacks Obama on Foreign Policy Calls for new leadership. E=MC2 Physicists to Create Matter From Light In the next 12 months. Rolling Stone Why Are Kids Being Tried in Kangaroo Courts? Vulture Check Out Beyoncé and Jay Z's Crazy Tour Trailer Political Wire Reviewing Super Tuesday: What's at Stake GET The Cheat Sheet A speedy, smart summary of news and must-reads from across the Web. You'll love the featured original stories on politics, entertainment, and more from The Daily Beast's diverse group of contributors. GET Culture Beast Weekly cultural recommendations from The Daily Beast. Viral Video of the Day: Brad Pitt Throws Beer to Matthew McConaughey Now this is a million-dollar arm. More Videos Mad Men's Best Episode (So Far) by Marlow Stern The Conservatives' Great Black Hope by The Daily Beast Robert Pattinson's Kinky Turn by Richard Porton

ABOUT US | CONTACT US | SUBSCRIBE Copyright 2014 The Daily Beast Company LLC 555 W. 18th Street , New York NY 10011 Privacy Policy

If you are on a mobile device or cannot view the images in this message, click here to view this email in your Web browser. To ensure delivery of these emails, please add thedailybeast@e2.thedailybeast.com to your address book. If you have changed your mind and no longer wish to receive these emails, or think you have received this message in error, you can safely unsubscribe here.