POLITICAL HOT TOPICS: Tuesday, May 22, 2012
May 22nd, 2012
04:27 AM ET
10 years ago

POLITICAL HOT TOPICS: Tuesday, May 22, 2012

The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.


CNN: Obama: Romney's Bain record is fair game
President Barack Obama took Mitt Romney to task on Monday, arguing the likely GOP presidential nominee's history as a corporate CEO does anything but qualify him for the Oval Office. "When you're president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot," the president said during a press conference at the NATO summit in Chicago.

CNN: Karzai: I will not let congressman into Afghanistan
If Rep. Dana Rohrabacher, R-California, an influential member of the House Foreign Affairs Committee, is looking for a country to visit as a member of a congressional delegation, he can cross Afghanistan off his list. Afghan President Hamid Karzai and Rohrabacher have been at loggerheads over the congressman's push for a more decentralized Afghan government. Asked by CNN's Wolf Blitzer about the disagreement, Karzai said he is against letting Rohrabacher into the country.

CNN: Romney campaign buys second week of ads
Mitt Romney's campaign purchased a second week of ads on Monday, according to a Republican media tracking source. Team Romney bought $1,026,000 of time in the battleground states of Ohio and Iowa for spots that will begin airing for a week on Wednesday.

CNN: Christie to fund-raise for Romney
New Jersey Gov. Chris Christie will appear at a Tuesday fund-raiser in New York with Mitt Romney, Romney's campaign told CNN on Monday. The appearance with Christie comes amid a three-day string of fund-raisers in New York and Connecticut, which Romney’s national finance chairman predicted at a Monday afternoon event would "raise more than $10 million and potentially substantially more than that.”


CNN: Source: DEA agents under investigation for allegedly hiring Colombian prostitutes
Three Drug Enforcement Administration agents are under investigation for allegedly hiring prostitutes in Cartagena, Colombia, a congressional source confirms to CNN. According to this source, House Homeland Security Chairman Peter King, R-New York, and committee investigators have been "aware of this for some time."

CNN: Obama calls Joplin High graduates an 'inspiration,' urges them to lead America
Calling the students an inspiration "to me (and) the world," President Barack Obama urged Joplin High School graduates Monday to heed the lessons they've learned and spirit they've shown to rebuild not only their tornado-ravaged Missouri city, but also their nation.

CNN: States urge feds to help import lethal injection drugs
A nationwide shortage of a commonly used imported drug used in capital punishment has prompted 15 states on Monday to urge the U.S. Justice Department to intervene. Led by Oklahoma officials, the move comes as the 33 states with the death penalty - all of whom use lethal injection as the primary execution method - struggle to preserve existing stock or search for legally acceptable chemical alternatives.

CNN: Chicago NATO summit protests calm after rough Sunday
Protesters rallied outside the Chicago campaign headquarters of President Barack Obama on Monday on the last day of the two-day NATO summit. The peaceful nature of the demonstration came in stark contrast to violent clashes that left protesters and eight police officers injured a day before.


CNN: Huge suicide blast kills more than 100 troops in Yemen
A suicide bomber dressed in a military uniform set off a blast that killed more than 100 soldiers Monday, authorities said, in what appears to be the deadliest attack ever on troops in Yemen. It left at least 101 dead and more than 220 injured, with some in critical condition, authorities said.

CNN: U.S. officials: Ambassador Crocker to step down from Afghan post
Ryan Crocker, the U.S. ambassador to Afghanistan, is expected to step down this summer after a year in the job, two U.S. officials familiar with the matter told CNN early Tuesday. Crocker was appointed to the post in Kabul on July 25 of last year.

CNN: Mali protesters storm palace, beat interim president
Dioncounda Traore, Mali's interim president, was beaten and rushed to a hospital after hundreds of protesters demanding his resignation stormed the presidential palace Monday. Traore was assaulted and hit over the head when protesters found him inside the palace.

CNN: Research ship finds the world's oceans are 'plasticized'
A marine expedition of environmentalists has confirmed the bad news it feared - the "Great Pacific Garbage Patch" extends even further than previously known. Organized by two non-profit groups - the Algalita Marine Research Foundation and the 5 Gyres Institute - the expedition is sailing from the Marshall Islands to Japan through a "synthetic soup" of plastic in the North Pacific Ocean on a 72-feet yacht called the Sea Dragon, provided by Pangaea Exploration.


CNN Money: Facebook stock falls below IPO price
Facebook's stock slid below its offering price in morning trading on Monday and ended the day below that level, following a lackluster debut day. Facebook (FB) fell as low as $33 in the first half-hour of trade, but it closed at around $34.03 on Monday. That's down 11% from Friday's $38.23 closing price.

CNN Money: JPMorgan's Dimon: Losing trades were 'isolated event'
JPMorgan Chase's multibillion trading loss will be forgotten before the year is through, Chief Executive Jamie Dimon predicted Monday at the Deutsche Bank Global Financial Services Investor Conference. Dimon called the losing trades "an isolated event" and said he both hopes and expects that it will be "something we don't have to talk about by the end of the year."

CNN Money: Stocks rebound on Europe hopes
A plunge in Facebook's stock didn't faze the broader U.S. market Monday. U.S. stocks bounced back from their worst week of the year on renewed optimism that European leaders would find a way out of the sovereign debt crisis.

In case you missed it…
Afghan Pres. Hamid Karzai tells CNN's Wolf Blitzer there is still no resolution on allowing supplies into Afghanistan.

Filed under: Political Hot Topics
soundoff (2 Responses)
  1. Rudy NYC

    CNN Money: JPMorgan's Dimon: Losing trades were 'isolated event'
    They called the big bank crashes in 2008 isolated events. Bring back Glass-Steagall. Savings Banks do not have a right to risk my money in the markets. The problem is that there is no longer any such thing as a savings banki.

    I would think that if a bank advertised itself as a "savings bank" that conformed to Glass-Steagall, that bank would pick up millioins of customers.

    May 22, 2012 09:00 am at 9:00 am |
  2. Stoney

    I heard what he said on Meet the Press. Obama must have scolded him. He is backtracking because of pressure from the top. I respected him for almost 24 hours.

    May 22, 2012 10:34 am at 10:34 am |