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May 15, 2012 | | SCANDAL The former Queen of Fleet Street was charged with ‘perverting the course of justice.’ The Daily Beast’s Peter Jukes reports from London on how Murdoch’s protégé became the first person to be charged in the hacking scandal. OPEN LETTER Vogue’s decision to ban images of women who ‘appear to have an eating disorder’ is a move that should be celebrated, writes Tyra Banks. The supermodel encourages models, girls, and mothers everywhere to spring into action. C’EST LA VIE 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. On Tuesday afternoon Hollande will name his prime minister, and then he will fly to Germany for talks on the Greek crisis with Chancellor Angela Merkel. Hollande said he will try to “find a compromise” between Germany’s focus on austerity and Greek unrest. Red Flags Risk managers and senior investment bankers reportedly expressed concern over the risky bets being made at JPMorgan Chase in the years leading up to the company’s $2 billion trading loss. Insiders say bosses, including CEO Jamie Dimon, were more concerned with gigantic losses coming from bad mortgages and new regulations threatening the profitability of traditional banking, and this led to a culture of weaker risk management. “There was a lopsided situation, between really risky positions and relatively weaker risk managers,” one former trader told The New York Times. Meanwhile, reports indicate that the bank may be reclaiming bonuses from employees involved in the snafu, including former chief investment officer Ina Drew, who resigned on Monday as a result of the loss. LEGISLATION 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. The bill went to the special committee known as the “kill committee”—because its members are in safe seats and can kill any bill they wish—on Monday morning by the GOP leadership. Republican state Rep. Don Coram, whose son is gay, voted against the bill, citing a 2006 vote by Coloradans to ban same-sex marriage, and he also said he believed Democrats are “playing politics” with gay marriage. | | 
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