Does JPMorgan Chase’s 2 billion loss show more regulation is needed? “Regardless, JPMorgan has already been punished for its mistakes — by the market. The company’s reputation has been damaged, and its share price has dropped roughly 10 percent since the news came out. Its executives, who are heavily compensated through stock options, have lost millions. The top investment officer, Ina Drew, has been forced into retirement, and other corporate officers may also be on the way out. CEO Jamie Dimon must now face angry shareholders. All of this, despite the fact that JPMorgan Chase will still make a profit overall this year,” writes Cato’s Michael Tanner. (National Review)
If big business is hampered by regulation... “So it is surprising to read the results of a little-known survey from the Bureau of Labor Statistics: Very large businesses, it turns out, have been expanding their domestic workforces relatively rapidly. If, since January 2011, businesses of all sizes had hired at the same rate as those with 5,000 or more employees, we would have almost 4 million more jobs today,” writes CFR’s Peter Orszag. (Bloomberg)
Politico’s Arena asks: Would Bobby Jindal be Romney’s best choice for the vice-presidential slot? If not, who should Romney tap as understudy? The Wilson Center’s Aaron David Miller answers. So does Brookings’ Darrell West.
“In the unknown future of US national-security challenges, safe still beats sorry — especially when those challenges already appear daunting. Which is why the current defense-spending debate — especially the matter of another $500 billion in cuts, beyond the half-trillion dollars’ worth already being lopped off — may be as consequential as any budget decision in recent history,” writes Heritage's Peter Brookes. (New York Post)
Manhattan Institute’s Diana Furchtgott-Roth: Fiscal ruin? There’s an app for that. (Washington Examiner)
Room for Debate asks: How should Obama appeal to the disenchanted? (New York Times)