Originally published 08/22/2013
An outside review of Bloomberg L.P.’s practices found that a controversial article that compared the damage in an Italian town after a bad deal with JPMorgan Chase to the fallout from the Nazis’ occupation in World War II went “too far.”The 2011 article, which JPMorgan complained about at the time and Bloomberg declined to change, has long been a sore spot between the bank and Bloomberg and was recently mentioned in a New York Times article that focused on the friction between Wall Street and Bloomberg.“In one of the great campaigns of World War II, Monte Cassino was completely destroyed in a wave of battles that claimed 75,000 casualties and the lives of hundreds of townspeople. To suggest that a bond deal gone sour, curtailing daycare for 60 children and services for the poor, is comparable to the terror and cataclysm of war is inconsistent with BN’s high standards,” Clark Hoyt, an editor-at-large at Bloomberg News and a former public editor of The Times, found in his review, which focused on the relationship between Bloomberg’s news and commercial operations....
- T. rex fossils arrive at Smithsonian’s National Museum of Natural History
- Quote of the Day -- Time Magazine's Top 100 People
- Investigation: The Resegregation of America's Schools
- 5 Explosive Revelations Leaked from Senate Report Exposing CIA Torture
- In Parts of the South, Glorifying Slavery No Longer Pays the Bills
- UC Berkeley professor emeritus Robert Harlan dies at 84
- She Came All the Way from Melbourne to Attend the OAH
- The 7 Most Popular HNN Videos from the 2014 OAH
- Jesse Lemisch’s up-from-below history is still strikingly original
- U.Va. Historian Alan Taylor Wins 2014 Pulitzer for Book on Slaves and War -- His second Pulitzer!