Erika Eichelberger

Federal banking regulators have decided it's a bad thing that JPMorgan Chase lost $6 billion on a risky bet last year and failed to close money-laundering loopholes. But that's pretty much all they've decided.

The Office of the Comptroller of the Currency and the Federal Reserve ordered the bank Monday to fix risk-management failures that led to the massive loss on a trade out of its London office in May 2012, as well as tighten up monitoring of cash transactions that may have allowed suspected terrorists and drug dealers to launder money. But there will be no fines or hard penalties levied for the bank's failures.

[Read more in the MoJo blog]

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The devastating Haiti earthquake that killed 217,000 people and left 1.5 million homeless happened three years ago Saturday. For a year or so, the drama captured plenty of headlines and human interest; our own human rights reporter, Mac McClelland, traveled to Port-au-Prince to document the hazards that befell Haitians and the morass that doomed much of the nation's inbound aid. This year's anniversary hasn't generated much media attention, but that's not because everything in the island nation is fixed. Almost 360,000 people remain in tent camps, and the country's infrastructure is still in shambles. A lot of that is due to the failures of the international community.

Only half of the $13.34 billion in international aid allocated for Haiti reconstruction has been disbursed. And of that, only a small portion has gone to "reconstruction," strictly defined. Instead, the New York Times reported in December, "much of the so-called recovery aid was devoted to costly current programs, like highway building and HIV prevention, and to new projects far outside the disaster zone."

[Read more in the MoJo blog]

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