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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Housing horrors

By Megan McArdle
Mar 13 2008, 10:41 AM ET Comment

The controversy surrounding the HUD secretary deepens:

WASHINGTON — Several Democratic senators sharply criticized the secretary of housing and urban development on Wednesday, warning that accusations of wrongdoing threatened to undermine his leadership.

The Justice Department and the housing department’s inspector general are investigating whether the secretary, Alphonso R. Jackson, improperly steered hundreds of thousands of dollars in government contracts to friends in New Orleans and the Virgin Islands.

On Wednesday, Democratic lawmakers also raised concerns about accusations that Mr. Jackson threatened to withdraw federal aid from the director of the Philadelphia Housing Authority after he refused to turn over a $2 million property to a politically connected developer.

The lawmakers pointed to an e-mail exchange in January 2007 between two senior HUD officials who discussed making the Philadelphia housing chief, Carl R. Greene, unhappy by taking away his federal aid.

Mr. Jackson, who appeared before the Senate banking committee on Wednesday, said he could not discuss the e-mail messages because they were linked to a lawsuit filed against HUD by Mr. Greene. Last year Mr. Jackson denied complaints of favoritism, telling senators, “I do not interfere with any contract that is given in HUD, period.”

Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the banking committee, told Mr. Jackson on Wednesday that he remained “deeply troubled” by the reports of impropriety.

Senator Bob Casey, Democrat of Pennsylvania, said controversy had been “swirling around your stewardship of this department for far too long.”

“This kind of stuff undermines public confidence in our officials,” Mr. Casey said of the e-mail messages, which were first published by The Washington Post.

I haven't seen any sort of defense of the man, so I withhold judgement as to whether he's guilty. But this sort of thing is far more serious than Eliot Spitzer's pecadillos, and it ought to be getting at least commensurate attention.



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