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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.

Those who learn the lessons of history are doomed to repeat it

By Megan McArdle
Mar 27 2008, 11:35 AM ET Comment

Oh God, this is enough to send shattering chills down any journalist's spine:

The Los Angeles Times has acknowledged that it unwittingly relied on fabricated FBI documents, created by a con man, for a report that implicated associates of rap mogul Sean "Diddy" Combs in the 1994 shooting of rapper Tupac Shakur.The story's author, Pulitzer Prize-winning reporter Chuck Philips, said in a statement late yesterday: "In relying on documents that I now believe were fake, I failed to do my job. I'm sorry." Deputy Managing Editor Marc Duvoisin also apologized, saying in a separate statement: "We should not have let ourselves be fooled. That we were is as much my fault as Chuck's. I deeply regret that we let our readers down."


But what's particularly interesting is how they were fooled--and how the hoax was caught.

The embarrassing admission came hours after a report by the Smoking Gun. The Web site, which specializes in law-enforcement records, said the Times "appears to have been hoaxed" by "an accomplished document forger" in its story last week tying Combs's associates to the non-fatal shooting of Shakur 12 years ago. .

William Bastone, the Smoking Gun's editor, said he immediately "thought something smelled" after looking at the FBI documents posted on the paper's Web site -- particularly the fact that they appeared to originate from a typewriter, although the bureau's agents switched to computers about 30 years ago.

The humiliation for the Times is reminiscent of the black eye that CBS received for using what the network presented as National Guard records in Dan Rather's 2004 report on President Bush's military service.


I can't help but wonder if they weren't rooked by the Dan Rather fallout--if they didn't assume that a document which looked like it was typewritten was therefore more likely to be authentic.

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