Where Did the Money Go?

Reading Time: 2 minutes Fed Chairman Ben Bernanke has resisted calls from Congress that he release the names of the banks that were recipients of the bailout money the Fed gave to AIG to prevent it from collapsing. AIG insured its counterparties against losses from mortgage backed derivatives. The Fed poured $85 billion into AIG, which paid out $37.3 Read More

Windows on Morality

Reading Time: 1 minute What makes good people do bad things? That is the topic of a New York Times article about trials of former officials of the savage Cambodian regime, the Khmer Rouge. “We were victims, too,” said Him Huy, the head of the guard detail at the Tuol Sleng torture house, who took part in the executions Read More

Eyewitness News

Reading Time: 1 minute An article in the New York Times about unrest in Tibet and a Chinese crackdown, features an atypical self-reference by a journalist: This reporter got a rare look at the clampdown because he was recently driven through the Tibetan areas of arid Gansu Province while being detained by the police for 20 hours. I was Read More

End Times?

Reading Time: 1 minute NYT to launch two citizen journalism websites The sites will focus on three New Jersey communities and two Brooklyn neighborhoods, with most contributions coming from local residents. A Times staffer will oversee each site; they debut Monday. “It is a grassroots effort, to see if there is a new kind of journalism we can be Read More

Citizen Journalism

Reading Time: 1 minute Chinese citizens seem to be way ahead of Americans when it comes to investigating their government’s shenanigans. A New York Times article published February 25 lays out the story: A man died in police custody. Chinese authorities claimed it was an accident. Thousands of Chinese Internet users speculated that the man had died from a Read More