Aug 20, 2012

Cheat Sheet - Ferguson: Paul Krugman Is Wrong!

Today: Report: Scott Had Brain Cancer , Todd Akin's Rape Comment Was Bad, but His Abortion Views Are Much Worse , Augusta Admits Condoleezza Rice
Cheat Sheet: Afternoon

August 20, 2012

President Obama should "hit the road," Harvard historian Niall Ferguson declares on the cover of this week's Newsweek. But liberal New York Times blogger Paul Krugman quickly objected to the article, alleging "multiple errors and misrepresentations" about Obama's record in office. Here, Ferguson responds to his critics.


The Top Gun director who jumped to his death from a Los Angeles bridge on Sunday had inoperable brain cancer, sources tell ABC News. Police recovered a body on Sunday afternoon about two and a half hours after receiving a 911 call that a person had jumped from the Vincent Thomas Bridge. The body was identified as Scott's, and his family's spokesman confirmed the director's death. Notes were found in Scott's car addressed to loved ones, and the Associated Press reported that a message described as a suicide note was found in the 68-year-old man's office.


Will sorry be enough? Missouri congressman Todd Akin apologized today for his comments that women rarely get pregnant in cases of "legitimate rape." As speculation builds about whether Akin will drop out of his Senate bid, The Daily Beast's Michelle Goldberg reports on his extreme views on abortion—some of which are shared with Paul Ryan.


One of the nation's staunchest boys' clubs has been broken. Augusta National Golf Club announced Monday that the club for the first time had added to its rosters two female members: former secretary of state Condoleezza Rice and prominent South Carolina banker Darla Moore. It's a hole in one for gender equality that's 75 years in the making and something both women will surely savor when they don the club's most distinctive garment. "These accomplished women share our passion for the game of golf, and both are well known and respected by our membership," said Augusta National chairman Billy Payne. "It will be a proud moment when we present Condoleezza and Darla their green jackets when the club opens this fall."


Apple shattered two records on Monday, beating its own all-time stock price and stealing away from Microsoft the crown as the most valuable public company ever. The house that Jobs built now has a market value of $622 billion, storming right past the upper limit set by Microsoft's 1999 value of $618.9 billion. The tech-market dynamics that kept Microsoft in the lead through the first decade of the 21st century now lean toward Apple, with the company's iPhone sales alone netting more than the entirety of Microsoft. The growth has come fast: Apple held a market value of $100 billion in 2009.

Pakistani Girl Arrested for Blasphemy
Accused of burning Quran pages.
Romney: Akin 'Inexcusable'
Distances himself from the Republican rep.
Groupon Investors Cash Out
Company's stock price plunges.
More Pussy Riot Members Wanted
By Russian police.
Prince Harry Parties in Vegas
Spent visit in the pool, at craps table.
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Newsweek's Cover-Story Backstory

Is a second Obama term tantamount to economic suicide? Newsweek's executive editor, Justine Rosenthal, offers an inside glimpse into the origins of Niall Ferguson's controversial column on the president's broken promises.

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