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....
- Should a slave-era song be used as a sports UK soccer chant?
- Black Georgetown Employee Found Out the School Sold His Great-Great-Great Grandmother
- E.U. Is Turning 60 and Searching for Something to Celebrate
- The Most Controversial Psych Study Is Repeated — Same Weird Result
- A new book explores the stunning revelation that Hemingway spied for the USSR
- Christopher Lasch, the late historian/social commentator, is suddenly everywhere
- Harvard art historian’s interest in black history has roots in her grandfather’s question in high school
- Human History ‘Will End When Men Become Gods’
- Yale’s Timothy Snyder explains to Bill Maher how Trump resembles 1930s fascists — and makes the Russia connection
- China Bars Historian at Australian University From Leaving, Lawyer Says