This just in
August 5, 2014
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Rupert Murdoch will not be adding Time Warner to his media empire after all, as 21st Century Fox announced Tuesday it was withdrawing its bid to acquire the rival company. In a statement, Murdoch, Fox's CEO, said concerns about the impact a festering deal would have on the company's stock price, combined with Time Warner's disinterest in striking a deal, convinced him to yank the offer.

"Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly," he said. "However, Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling."

Time Warner last month rejected an $80 billion bid it considered an attempt at a hostile takeover. Yet the rejection was seen by some as simply the prelude to continued negotiations and, ultimately a deal. Had such a deal gone through, it would have joined the two largest cable providers in the country. Jon Terbush

survey says
7:55 a.m. ET

A new CNN/ORC poll found that Americans have a favorable view of George W. Bush — more favorable, in fact, than their view of President Obama.

Politico notes that the poll, released Wednesday, marks the first time Americans have expressed favorable opinions of Bush since April 2005. Fifty-two percent of poll respondents said they viewed Bush favorably, while 49 percent of Americans viewed Obama favorably.

Forty-nine percent of Americans viewed Obama unfavorably, meanwhile, compared with 43 percent for Bush. Disapproval of Obama's job is increasing, too, CNN notes: 52 percent of respondents agreed that things in America are "going badly." Fifty-three percent of respondents disapproved of how Obama is handling the economy, while 63 percent disapproved of how Obama has responded to ISIS.

The poll, conducted from May 29 to May 31 via phone, surveyed 1,025 Americans and has a margin of error of plus or minus three percentage points. Meghan DeMaria

7:43 a.m. ET
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Now that President Obama has signed the USA Freedom Act, the National Security Agency will start collecting telephone metadata en masse again for six months, until the new system is up and running. At that point, phone companies will have to store that information — length of calls, numbers dialed, not content — for an unspecified amount of time, and the NSA and other spy agencies will need to get a court order to search through it.

But what about the years of phone records the NSA has already amassed? It's not clear, The Associated Press reports. "Obama administration officials have not said what they will do with those and whether they will continue to search them." AP does have other, more definitive answers in its Q&A about the Freedom Act, which you can read for further information. Peter Weber

7:16 a.m. ET
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On Wednesday, at the close of an international summit in Paris on fighting Islamic State, U.S. Deputy Secretary of State Antony Blinken said that the 9-month-old U.S.-led air campaign has killed more than 10,000 militants. "We have seen a lot of losses within Daesh [ISIS] since the start of this campaign, more than 10,000," Blinken told France Inter radio. "It will end up having an impact."

You might have noticed the future tense. Along with criticism of the U.S.-led air campaign among U.S. conservatives, Iraqi Prime Minister Haider al-Abadi complained to the conference that the international community isn't doing enough to help Iraq fight ISIS. "At the start of this campaign (we) said it would take time," Blinken said. "We have conceived a three-year plan and we're nine months into it." Peter Weber

The Daily Showdown
6:14 a.m. ET

On Monday's Daily Show, retired Gen. Stanley McChrystal said he didn't think the U.S. deserved blame for creating ISIS and politely dismissed Jon Stewart's theory that the battle against Islamic State is a convoluted rematch of the Iran-Iraq war in the 1980s. But this is Jon Stewart's show, so on Tuesday, he elaborated on that theory.

Stewart started out by playing clips of various Republicans accusing President Obama of creating ISIS by pulling U.S. troops out of Iraq, which, he noted, was set in motion by George W. Bush. That wasn't Stewart's only problem with the Obama-did-it charge, but he didn't stop with tracing ISIS's roots to Bush's 2003 invasion. Using the GOP's proposed solution to ISIS — arming some faction — Stewart took a look back at America's poor track record in the region. "America is like Wile E. Coyote," he said: "Every time we send a weapon into the desert, it ends up exactly where we don't want it to end up."

The short version of Stewart's history lesson is that the U.S. armed Iraq's Baathists against Iran in the '80s, fought Iraq's Baathists in the '90s and '00s, and are now essentially allied with Iran against those same Iraqis, now rebranded as ISIS. Stewart's version is more entertaining and detailed. You can watch below. Peter Weber

5:25 a.m. ET
CC by: BBC World Service

On Wednesday, Interpol issued "red notices" for two former FIFA officials and four sports marketing executives, adding them to the international police agency's most-wanted list at the request of the U.S., which has warrants out for their arrest. The two FIFA officials, former vice president Jack Warner of Trinidad and Tobago (pictured) and Paraguayan official Nicolas Leoz, have already been arrested in their home countries, though Warner was released. The red notices mean they travel abroad at their own risk. The four sports executives are from Argentina and Brazil. Peter Weber

police shootings
4:59 a.m. ET

On Tuesday, a police officer and FBI agent in Boston shot dead Usaama Rahim, 26, a Boston resident who police said had been under 24-hour surveillance by anti-terrorism investigators. Boston Police Commissioner William Evans said the agent and officer had approached Rahim outside a CVS to ask him about "some terrorist-related information we had received." Late Tuesday, FBI agents arrested a man named David Wright in the Boston suburb of Everett in connection with the Rahim investigation.

Rahim pulled out a military-style knife and approached the officers, who backed away and drew their guns, Evans said, and the officers fired when they felt Rahim was threatening their lives. He said there is video of the encounter. "We believed he was a threat," Evans said of Rahim. "He was someone we were watching for quite a time — constant dialogue between us and the FBI. The level of alarm brought us to question him today. I don't think anyone expected the reaction we were going to get out of him."

Ramon's brother, Ibrahim Rahim, an imam in California, disputed the police account in a Facebook post, saying police shot Usaama Rahim in the back. "He was on his cellphone with my dear father during the confrontation needing a witness," Ibrahim Rahim added, and his last words were "I can't breathe." You can watch Evans tell the police side of the story below. Peter Weber

The Daily Showdown
4:01 a.m. ET

With Caitlyn Jenner, formerly Bruce, showing off her new female body on the cover of Vanity Fair, Jon Stewart was preparing for the worst. "It's especially brave of Caitlyn Jenner to do this publicly, because we all know the media," he said on Tuesday's Daily Show. "They're awful, and now we're going to have to listen to a lot of people saying awful things about this." Except that, with few exceptions, people said really nice, welcoming things.

Stewart was pleasantly surprised, for a moment. "It's really heartening to see that everyone is willing to not only accept Caitlyn Jenner as a woman, but to waste no time in treating her like a woman," he said, and that's not all good. It was a small jump from congratulations to ogling, then comparing Jenner's sexual allure to other Hollywood women. While we're at it, Stewart sighed, "why don't we throw in a little slut-shaming with a dash of 'Eh, she's probably not that hot in person'?" And they did. You can watch below. Peter Weber

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