Is the Fed to Blame for JPMorgan's $2 Billion Blow-Up?

Mark Lennihan / AP
A JPMorgan office building is shown, Monday, May 14, 2012, in New York. JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.
By Christopher Matthews

Critics are arguing that excessive intervention by the central bank has distorted financial markets and forced big banks resort to risky moves in order to maintain profits

Fla. Mom Kills 4 Kids in Murder-Suicide

By AP / KYLE HIGHTOWER

A Florida mother who fatally shot her four children before killing herself Tuesday called three of the kids who had sought help from a neighbor

Special Report

25 Years of Award-Winning Chefs

On the 25th anniversary of the James Beard culinary awards, we spoke to 24 Outstanding Chef honorees about their prizes — and their guilty pleasures

Photos

Michelle Obama on the Campaign Trail

The First Lady has been hard at work from Berkeley to Bethesda drumming up support for her "Let's Move" exercise initiative, as well as her husband's re-election campaign. TIME's photo editors bring you her best moments from the trail.

Special Report

More Orlando, Less Hassle: 12 Essential Travel Tips

It's possible to make even a quick trip to this tourist mecca feel like a gratifying getaway — it just takes some strategizing, a handful of helpful websites and inside tips from local travel pros

Yahoo CEO Gets No Severance Package

By AP

Yahoo ended Scott Thompson's four-month stint as its CEO without giving him a severance package, according to documents filed Monday

FAMU Band Suspended Another Year

By GARY FINEOUT / Associated Press

Florida A&M University's prestigious marching band, scarred by the hazing death of one of its drum majors, won't be taking the field for at least another year