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Steve Huff

20/30

5. Jamie Dimon

JPMorgan Chase Exec Ina Drew Resigns After Monster Trading Snafu

JPMorgan’s massive, “flawed complex, poorly reviewed” $2 billion-losing hedging strategy announced by Jamie Dimon on May 10 has sent one exec head rolling: chief investment officer Ina R. Drew will resign ”as early as Monday,” according to the Times. Ms. Drew has been among the bank’s most well-paid officers and one of the most high-profile women on Wall Street. The Times reports Ms. Drew has been trying to leave for weeks: Read More

Interviews With Bad Men

J.T. Ready (screengrab)

Homicidal Militia Leader J.T. Ready’s VICE Profile (Video)

On Wednesday May 2, J.T. Ready ended a violent argument in his Arizona home with a rampage. Ready killed his girlfriend, three other adults and a toddler before committing suicide. His actions marked an explosive and tragic end to a colorful career as a cause-hopping rebel who bounced between various extreme social movements using xenophobic and racist rhetoric to grab the spotlight along the way. The Christian Science Monitor goes more in-depth: Read More

International Affairs

So long, Mr. Sarkozy.

Socialist François Hollande Wins French Presidency; Neo-Nazi Golden Dawn Party Advances in Greece

François Hollande beat Nicolas Sarkozy to become the 2nd Socialist French president Sunday night. Mr. Hollande garnered nearly 52% of the vote compared to Mr. Sarkozy’s 48%. Mr. Hollande, who follows in the footsteps of the previous Socialist who led France for most of the 1980s, François Mitterrand, declared himself in a victorious speech “the president of the youth of France.” CBS reports Mr. Hollande’s platform targeted the austerity measures so hated by much of Europe. In a speech Mr. Hollande vowed to increase production, deficit reduction and preservation of equal access to public services.

President Barack Obama has reached out to Mr. Hollande after his win and has invited the president-elect to visit the White House. Read More

Science

Thank you, NASA. (screengrab)

Ready for the Non-Madness and Non-Mayhem of the Supermoon?

Tonight the moon will come 15,000 miles closer to the Earth and will be full. This combination of proximity and brightness results in a phenomenon known as the supermoon–by far the brightest and largest full moon we’ll see all year. As we are still primitive beasts loping madly across the plains and will surely be at each others’ throats as soon as the moon is closest to us (11:35 p.m. E.T.), the Associated Press has taken it upon themselves to soothe the cresting tides of madness to come–with science! Read More

Phone Hacks

Rupert Murdoch.

Rupert Murdoch To Testify Again in Phone-Hacking-Related Hearings in U.K.

News Corp shogun and avid tweeter Rupert Murdoch will be in the hot seat again this week, testifying under oath in the United Kingdom’s “Leveson Inquiry” into press practices. The 81-year-old billionaire will face new questions regarding phone-hacking and his and his company’s relationship with U.K. political figures.

Mr. Murdoch’s son James, age 39, will answer questions in the same hearing Tuesday and the elder Mr. Murdoch is expected to appear Wednesday and Thursday. Read More

International Affairs

Kim Jong Il is dead but we're sure he approves of the message. (Getty Images)

North Korea Makes Most Serious Threats Against South Korea Since Last Serious Threats

Twitter users were briefly enthralled Sunday night when North Korea issued a notice that they would be making a special statement. As the world waited without sparing a thought as to why the D.P.R.K. might be so inconsiderate of the western news cycle, speculation was rampant: would the new administration announce a nuclear test? Another rocket launch? Perhaps a threat against South Korea or even more shocking, a threat against South Korea? It was, in the end, the latter: Read More

Obits

Chuck Colson (ChuckColson.org)

Watergate Figure Chuck Colson Dead at 80

Charles “Chuck” Colson, evangelist, author and former hatchet man for President Richard M. Nixon, died today, two weeks after surgery on a blood clot in his brain. Mr. Colson was 80 years old.

As President Nixon’s special counsel, Mr. Colson played a major role in the Watergate scandal. While serving on the committee to re-elect the president he took part in the plan for White House “plumbers” like G. Gordon Liddy to steal background information from Democratic foes. Read More

Blogging Blues

"The Romney post is going viral!" (via the Kheel Center/Flickr)

Washington Post’s Ombudsman Dings Soul-Destroying Blogging Sweat Shop

Blogging for the Washington Post probably isn’t that bad. Still, the Post‘s ombudsman, Patrick Pexton, felt the paper deserved a spanking after the recent resignation of BlogPost blogger Elizabeth Flock. In his opinion piece regarding Ms. Flock’s resignation following what amounted to a (minor and perhaps unintended) plagiarism scandal, Mr. Pexton detailed the unrealistic demands made on young journalists who find themselves fielding blogging duties at a major newspaper. He noted BlogPost was expected to garner up to 2 million hits a month, with Ms. Flock publishing 5-6 posts a day. She wasn’t writing simple paragraphs hitting major points in a story either, but full-on 500-word pieces aggregated from multiple sources.

Traffic expectations and heavy workload contributed to Ms. Flock’s two mistakes, which included re-writing a Discovery News post without crediting the source, the incident that led to her resignation. “[Ms. Flock] said it was only a matter of time before she made a third one; the pressures were just too great,” wrote Mr. Pexton. Read More

Protection

Sarah Palin

Ex-Secret Service Supervisor Joked on Facebook About Ogling Sarah Palin

In a revelation that surely won’t be pure red meat for political commentators for the next 48 hours, the Associated Press reports a fired Secret Service supervisor joked on Facebook about scoping out former vice presidential candidate Sarah Palin. David Randall Chaney, forced to retire by the agency earlier this week in connection with an ongoing probe into a prostitution scandal, was part of Mrs. Palin’s Secret Service detail during the 2008 presidential campaign. In January 2009, Mr. Chaney, age 48, wrote the following in a comment on a Facebook photo of him accompanying Mrs. Palin: “I was really checking her out, if you know what i mean?”

Informed by Fox News of the comment, the former Alaska governor said, “Well check this out, buddy–you’re fired.” Mrs. Palin also termed the Secret Service/Colombian prostitution scandal as being symptomatic of “government run amok.” Read More

Covert Ops

Screengrab of cached page

USA Today Reporters Reporting on Propaganda Become Propaganda Targets

Tom Vanden Brook and Ray Locker have been investigating possible disinformation campaigns by “propaganda contractors” allegedly working for the Pentagon, so it should come as little surprise that both men became targets of similar campaigns.

Mr. Vanden Brook and Mr. Locker have been reporting on the United States military’s so-called information operations program for USA Today. The program, targeting Iraq and Afghanistan, has reportedly cost in the hundreds of millions but apparently criticized even by government officials as “ineffective.” Read More