With news of the Supreme Court’s ruling on the Affordable Care Act sweeping up every bit of news coverage imaginable today, I second BuzzFeed’s advice: keep your eye on the news dump. Today is a marvelous day for heavy news items to disappear in the news cycle. Case in point:
When Jamie Dimon, the bank’s chief executive, announced in May that the bank had lost $2 billion in a bet on credit derivatives, he estimated that losses could double within the next few quarters. But the red ink has been mounting in recent weeks, as the bank has been unwinding its positions, according to interviews with current and former traders and executives at the bank who asked not to be named because of investigations into the bank. [ via NY Times]
News Corp will now pursue its plan to split into two companies: One for its entertainment properties —- including the Fox News Channel —- another for its publishing properties, including The Wall Street Journal, The New York Post, and a number of UK papers. Murdoch, who will continue to serve as chairman of both companies and CEO of the entertainment side, will oversee the transition. [via Politico]
And the gem…
The suit challenges the cap on the total amount of money that one person may give to political candidates, parties and some types of political action committees during a two-year election cycle. […]
If McCutcheon and the RNC are successful, it would mean that one person could give more than $2 million to candidates and party committees if they divided the money among House and Senate members and various state parties. [via WaPo]
[Photo: Saul Loeb/Getty Images/ Buzzfeed]
Frontpage: Wednesday, May 30th
- Andy Coulson Detained for Perjury: Andy Coulson, the former editor of News of the World and Prime Minister David Cameron’s former press secretary, was detained Wednesday in connection to a perjury inquiry.
- Charles Taylor Gets 50 Years: The International Criminal Court at The Hague on Wednesday sentenced former Liberian President Charles Taylor to 50 years in prison for aiding and abetting rebels in neighboring Sierra Leone in return for blood diamonds. In the ruling, presiding Judge Richard Lussaick said Taylor is “in a class of his own” when compared with others convicted by the United Nations–backed court.
- Russia, China Oppose Syria Action: Russia and China both opposed a United Nations–sponsored intervention on Wednesday, one day after special envoy Kofi Annan returned from Damascus and said that Syria is at a “tipping point.” Russia’s deputy foreign minister said Wednesday that the country is “categorically against” foreign intervention in Syria and that any new steps by the Security Council—on which both Russia and China hold important veto power—would be “premature.”
- Britain Clears Assange Extradition: A British high court ruled that WikiLeaks founder Julian Assange should be extradited to Sweden, where he faces sexual-abuse allegations. The British government is expected to announce an extradition within 10 days, and on the appointed date, Assange will be handed over to Swedish authorities.
- Trump Steals Romney’s Spotlight: Donald Trump sure knows how to crash a party. The real-estate mogul grabbed headlines Tuesday after arguing with Wolf Blitzer—and then appeared at a Las Vegas fundraiser Tuesday with Mitt Romney, who had just clinched the Republican nomination. Romney thanked Trump for use of his Trump International Hotel in Las Vegas, and said he “appreciated” Trump’s help.
Photo via picturedept:
Photo of the Day: May 29, 2012
Hats off Sailors
Graduation ceremonies at the U.S. Naval Academy.
Frontpage: Thursday, May 17th
- Mladic Applauds Self in Court: Before his trial was suspended indefinitely Thursday due to the prosecution’s errors, former Bosnian Serb general Ratko Mladic nodded, smiled and clapped his hands on his lap as 16-year-old footage was shown at his U.N. war crimes tribunal.
- Whites Below Half U.S. Births: White people have been on the way out in America for a long time, but it’s finally official: the U.S. Census Bureau announced Thursday that, of all births in the 12-month period ending in July 2011, non-Hispanic white babies made up less than half.
- RFK Jr.’s Estranged Wife Found Dead: Robert F. Kennedy Jr.’s estranged wife, Mary Kennedy, was found dead in her home on Wednesday in an apparent suicide. An official with Westchester County in New York confirmed the death of the 52-year-old after an ambulance was outside the separated couple’s home earlier in the day.
- Straw: I ‘Gossiped’ with Brooks: Britain’s former Home Secretary Jack Straw testified Thursday that he and Rebekah Brooks, the former head of News International, would “gossip” together when they commuted on the train.
- JPMorgan Loss Could Reach $3B: JPMorgan’s trading loss disclosed last week could be higher than the $2 billion initially thought—50 percent higher. Last Thursday, when CEO Jamie Dimon announced the loss he mentioned it could mushroom in the coming months because of the market.
Photo of the Day: May 16, 2012
The Role of Prince Charming
Alec Baldwin carries fiancee Hilaria Thomas up stairs at the red carpet at Cannes.
Frontpage: Tuesday, May 15th
- Colorado Civil Union Bill Killed: A bill that would have allowed same-sex couples equal rights as married couples was killed on Monday night in a special legislative session. Although the bill had been likely to pass the state’s House of Representatives, Republicans rejected it, claiming the Democrats are trying to use it as an issue before the November elections.
- Poll: Romney Leads Over Obama: Mitt Romney lept ahead of President Obama in a new nationwide poll Monday. The New York Times/CBS poll showed Romney at 46 percent and Obama at 43 percent. Last month the poll had found the two tied at 46 percent.
- Rebekah Brooks Charged: Rebekah Brooks, Rupert Murdoch’s onetime deputy, as chief of News International, was officially charged on Tuesday with “perverting justice” in the wide-reaching phone-hacking scandal. Also charged was her husband, Charlie Brooks; the two issued a statement calling the charges a “weak and unjust decision.”
- Greece to Hold New Elections: Greece will hold a new election at some point in the near future, a spokesperson for President Karolos Papoulias said Tuesday—just nine days after an inconclusive vote. Politicians have failed to form a government, and the uncertainty only prolongs the political crisis that could push the country closer to bankruptcy.
- France’s Hollande Sworn In: François Hollande was sworn in Tuesday morning as the president of France, becoming the first Socialist to hold the office in 17 years. Hollande asked that the inauguration ceremony remain as low-key as possible, and neither his children nor those of his partner, Valérie Trierweiler, were there.
Photo: Tyra Banks, photographed in, from left, New York in 2012 and 2003, and Los Angeles in 1992, (Evan Agostini / AP; KMazur / WireImage-Getty Images; Stephen Jerrome / PI-Landov). She penned an open letter to models re: Vogue’s decision not to run anorexic images.
Frontpage: Friday, May 11th
- Clooney Raises $15M for Obama: It’s believed to be the largest one-night campaign haul ever: $40,000 a plate, 150 people, and President Obama stayed a while and gave a speech. Obama pal George Clooney threw a backyard party at his Los Angeles house Thursday night for the president, raising $15 million for the campaign.
- Dimon: $2B Loss ‘Puts Egg on Our Face’: Stock index futures on Wall Street were down Friday after JPMorgan Chase stunned investors with news that it suffered a trading loss of at least $2 billion from “egregious mistakes” on a hedging strategy.
- Brooks: I Talked Hacking with Cameron: Rebekah Brooks, Rupert Murdoch’s former right-hand woman and the ex-chief executive of News International, testified before the high-profile Leveson Inquiry on Friday morning in London. According to Brooks, current Prime Minister David Cameron used to send her texts signed “LOL” until Brooks told the politician that the acronym did not stand for “lots of love.” Brooks admitted she discussed the hacking allegations with Cameron in 2009-11, saying “on occasion” they talked about it. LOL.
- Romney Tries to Shift Focus: Mitt Romney is trying to shift the national focus back to the economy by shrugging off discussions of gay rights after President Obama’s historic endorsement of same-sex marriage Wednesday.
- Bachmann Drops Swiss Citizenship: What a patriot. “I was born in American and I am a proud American citizen,” Minnesota congresswoman Michele Bachmann said in a statement Thursday, announcing that she had asked the Swiss government to withdraw her citizenship. The former Republican presidential candidate said she gained dual citizenship after she married husband Marcus, who is the son of Swiss immigrants.
Photo: via mattstopera
Frontpage: Thursday Mar 29th
- Mitt Laughs About Layoffs: During a conference call Wednesday, Mitt Romney told Wisconsin voters a hilarious story his father being led in a parade while running for governor of Michigan. The marching band only knew the Wisconsin fight song, not the Michigan one, which was super awkward because Romney Sr., then the head of American Motors, didn’t want to remind Michigan voters that he was moving his company’s factory to Wisconsin. LOL indeed.
- Zimmerman Video Shows No Injuries: Zimmerman’s attorney had claimed in recent days that Trayvon Martin, the 17-year-old his client shot and killed last month, attacked him before the fatal incident, breaking the neighborhood watch captain’s nose and bloodying his head and face. But a police video released Wednesday showed police frisking a handcuffed Zimmerman with no discernible facial injuries.
- Family Health-Care Costs to Top $20K: The average health-care costs for a family of four will top $20,000 in 2012, according to an independent research group—a seven percent increase from 2011. It’s the fifth year in a row that health-care costs have increased between seven and eight percent.
- Rubio Endorses Romney: Another win for Mitt. Tea Party Senator Marco Rubio endorsed Mitt Romney in an interview with Fox News’ Sean Hannity. Rubio said that Romney is a “very clear alternative” to Obama’s plan for the country. As for the current Republican race, the first-term senator said that it’s a “recipe for delivery four more years of Obama.”
- Murdoch Ready to ‘Hit Back Hard’: News Corp. chief Rupert Murdoch posted an ominous warning on Twitter Thursday: “Seems every competitor and enemy piling on with lies and libels. So bad, easy to hit back hard, which preparing.” The tycoon has been under renewed fire lately over reports from an Australian newspaper that his media empire had promoted piracy in a bid to top its pay-TV rivals.
(Photo: Getty Images)
Frontpage: Tuesday, Mar 13th
- Afghans Burn Obama in Effigy: There may be no “rush for the exits,” as President Obama said yesterday, but the administration is weighing changes to its Afghanistan withdrawal strategy, according to The New York Times. The plan was to end combat operations by the end of 2014, but with the recent Quran-burning scandal and last weekend’s massacre of Afghan civilians, the administration is debating whether to accelerate the process. Meanwhile thousands of demonstrators took to the streets in Afghanistan to protest Sunday’s massacre, some burning Obama in effigy.
- Newt Backer Sued for $375 Million: Sheldon Adelson—the Las Vegas billionaire known for bankrolling Gingrich’s presidential aspirations—is now facing down a $375 million lawsuit. Adelson and his family own Las Vegas Sands, a casino operator, which is being sued by former partner Asian American Entertainment for breach of contract regarding the company’s successful bid for a gambling license in Macau.
- Rebekah Brooks Arrested Again: Rupert Murdoch’s flame-haired former deputy Rebekah Brooks is back in jail, part of a police sweep that took in five others in an investigation into phone hacking at News Corp. Brooks’s husband, horse trainer Charlie Brooks, was also taken in.
- Syria Laying Border Land Mines: Report: The forces of Bashar al-Assad have reached a new low, if a report from Human Rights Watch is true. The group says it has multiple accounts of land mines on Syria’s border with Lebanon and Turkey, along routes used by refugees to escape the violence.
- Ohio Bill Targets Viagra Users: A female Ohio legislator introduced a bill Monday that would require men to have medical tests and visit a sex therapist before getting a prescription for Viagra and other erectile dysfunction drugs. Ohio state Sen. Nan Turner said that if lawmakers want to put limits on women’s reproductive health, men’s reproductive health should also be examined.
Photo: Prince Harry playing polo. Prince Harry is killing it. (Chris Jackson / Getty Images)
Frontpage: Tuesday, Mar 6th
- Candidates Make Final Pitches: Today’s the day. The GOP candidates are spread across the country, vying for last-minute votes in the 10 states holding primaries today.
- Israel: We Can’t ‘Wait Much Longer’: Judging by Israeli Prime Minister Benjamin Netanyahu’s speech at the pro-Israel lobby AIPAC Monday night, he wasn’t convinced by President Obama’s urging to be patient with Iran. Criticizing those who doubt Iran is building a nuclear weapon and invoking the Auschwitz death camp, he said, “None of us can afford to wait much longer” to act against Iran.
- News Corp. Troubles Extend to Russia: It may not have the name recognition of other past or present Murdoch properties, but News Outdoor Russia, a billboard company and former subsidiary of the News Corp. empire, has caught the eye of the feds as they continue an investigation of the company.
- Former Gov. Runs for Snowe Seat: Former governor of Maine Angus King says he’s going to run for Senate, announcing Monday that he’ll pursue the seat vacated by Olympia Snowe, who announced last week that she would not be running for reelection.
- Putin’s Chechnya Turnout: 107 Percent: Allegations of fraud abound in Russia’s recent election, but Chechnya is perhaps the most brazen case. Chechnya, the region that Vladimir Putin practically declared war on in 1999, voted for him by an astonishing number—by more votes, in fact, than there are people on the rolls.
Photo: Thousands of protesters took to the streets to challenge Vladimir Putin’s election victory in Moscow. (Thomas Peter, Reuters / Landov)
Frontpage: Wednesday, Feb. 29th
- North Korea Suspends Nuclear Plans: After years of strained relations, the United States announced Wednesday that North Korea has agreed to place a moratorium on its nuclear ambitions, suspending uranium-enrichment programs and ceasing tests of long-range and nuclear missiles.
- Romney Sweeps Arizona & Michigan: Does Mitt have his mojo back? Romney took home two important states in last night’s primaries, winning his boyhood home of Michigan by about 3 points (a small margin, but “enough,” he said) and scooping up Arizona.
- Murdoch Son Quits News Corp. Post: James Murdoch is giving up his position as executive chairman at News International, the newspaper arm of father Rupert’s media empire.
- Ohio Shooting 911 Tapes Released: Officials in Chardon, Ohio, the site of a school shooting Monday that left three students dead and two wounded, released 911 tapes Tuesday night that recorded the panicked appeals for help of the students and staff inside Chardon High School.
- Hillary: Assad Could Be War Criminal: While delegates at a United Nations meeting on Tuesday were told that more than 7,500 people have died in Syria since the uprising began in the country 11 months ago, Secretary of State Hilary Clinton told a Senate subcommittee that President Bashar al-Assad fits the definition of a war criminal.
Photo: An activist of the opposition holds flowers as she sits in the police bus after a rally in Moscow. (Kirill Kudrayvtsev, AFP / Getty Images)