The Delaware Gazette

Calls to toughen regulation follow JPMorgan loss

DG296888_web_051212_chase

WASHINGTON — JPMor­gan Chase faced intense crit­i­cism Fri­day for claim­ing that a sur­prise $2 bil­lion loss by one of its trad­ing groups was the result of a sloppy but well-intentioned strat­egy to man­age finan­cial risk.

Obama: Time has come to wind down Afghan war

WASHINGTON — Amid fresh con­cerns over the safety of Amer­i­can forces, Pres­i­dent Barack Obama on Tues­day said the acci­den­tal burn­ing of Qurans in Afghanistan and the retal­ia­tory killings of U.S. troops gave new cre­dence to the need to end the war.

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