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S&p 500 rose 14. nasdaq was up 30. "rolling stone" magazine is retracting and apologizing for expose aof alleged gang rape. it turns out at least in this instance the skeptics were right. the columbia university graduate school says "rolling stone" had failures of reporting editing and supervision. however the magazine says neither writer nor anyone in manage will be fired and systems will not be changed. today the fraternity said it will pursue legal action against "rolling stone." virginia governor says the failure of accountability in journalism has done untold damage to the university of...

The reporter nor the magazine ever even spoke with the accused. now comes a scathing and lengthy review from the columbia school of journalism suggesting this story should never have been published. concluding in part it is, quote, a story of journalistic failure that was avoidable. the failure encompassed reporting editing, editorial, supervision and fact checking. among the failures, the reporter did not confirm basic elements of the accuser's story. like whether or not the fraternity even held a party on the night the purported rape occurred as the accuser suggested. the report neglected to...