5-24/25/2008—An internal probe into the trading scandal that cost Societe Generale SA $7.7 billion depicts the French bank as a chaotic workplace in which low-level trader Jerome Kervel regularly flouted rules without adequate oversight.—WSJ B3
5-22-2008—A Pentagon audit of $8.2 billion in American taxpayer money spent by the US Army on contractors in Iraq has found that almost none of the payments followed federal rules and that in some cases, contracts worth millions of dollars were paid for despite little or no record of what, if anything, was received.—WSJ A1
--Rove was subpoenaed by a House panel to testify about alleged White House meddling in the Justice Department. –WSJ A1
--Senator John McCain on Thursday rejected the endorsement of Rev. John C Hagee, a televangelist, after a watchdog group released a recording of a sermon in which Mr. Hagee said Hitler and the Holocaust had been part of God’s plan to chase the Jews from Europe and drive them the Palestine. –NYT A15
--Judging from the futures markets, shock at the gas pump is bound to get worse. Maybe
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