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May 18, 2012 | | PAYDAY A reminder to residents of Silicon Valley–that 20-something with the hoodie may be one of Facebook’s newly minted millionaires, or even billionaires. The social network rolled out its much-anticipated initial public offering today, and among the big winners is … Bono? The Daily Beast counts up how much loot the rock star and other friends of Zuck stand to make on Facebook’s big day. CONFRONTATION The lead detective in the case against George Zimmerman’s alleged shooting of Trayvon Martin said he believes Zimmerman caused the fight by getting out of his car to confront Martin, and believes the Florida neighborhood-watch volunteer should be charged with manslaughter. This comes as prosecutors released more than 200 pages of photos and eyewitness accounts Thursday showing Zimmerman had wounds to his face and the back of his head, but the evidence is considered mix for him. An autopsy also showed that Martin had traces of THC, which is from marijuana, in his blood and urine. BIENVENUE President Barack Obama is scheduled to meet with France’s new leader François Hollande at the White House Friday, one day before the two head to this weekend’s Group of Eight summit. The newly-elected French president and Obama will meet in the Oval Office for about 45 minutes. Speaking at the Symposium on Global Agriculture and Food Security before his meeting with Hollande, Obama addressed the fight against hunger in Africa, pledging $3 billion in new funds to help in the battle against malnutrition. “When tens of thousands of children die from the agony of starvation like in Somalia, that shows we still have a lot of work to do,” Obama said. MEA CULPA Sleepless nights led to clarity for Dr. Robert L. Spitzer. The 80-year-old pioneering psychiatrist and researcher has decided to recant one of his most controversial pieces of work, research he conducted in 2003 that supported the use of reparative therapy to “cure” homosexuality. A recent World Health Organization report called the study “a serious threat to the health and well-being–even the lives–of affected people.” In a letter to be published in a research journal this month, Spitzer writes that he owes “the gay community an apology.” Spitzer has said that regrets for the study, which he now sees as a poorly conceived jab at orthodox research, have remained with him over the past eleven years. TRADED “She is as far from a ruthless diva as you can be,” a former JPMorgan executive said of Ina Drew, the top executive who resigned from the bank last week after approving trades that led to $2 billion in losses. Yet Drew remains as much a mystery to those who worked with her as to observers outside the insular world of Wall Street power brokers, writes Nancy Hass. “She made the firm a lot of money for years,” one colleague said. “But then there was this one bad bet.” | | 
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