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• But the Democrat still enjoys broad international support. In large part, it's because of unfavorable memories of his Republican predecessor, George W. Bush, and many people would still prefer Obama over his presumptive Republican challenger Mitt Romney.
• "We all had high hopes for him," said Filomena Cunha, an office worker in Lisbon, Portugal, who said she's struggling to make ends meet. "But then things got bad and there's not much he can do for us over here."
• ___

• WASHINGTON (AP) -- JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but

well-intentioned strategy to manage financial risk.
• More than three years after the financial industry almost collapsed, the colossal misfire was cited as proof that big banks still do not understand the threats posed by their own speculation.
• "It just shows they can't manage risk -- and if JPMorgan can't, no one can," Simon Johnson, the former chief economist for the International Monetary Fund, said Friday.
• JPMorgan is the largest bank in the United States and was the only major bank to remain profitable during the

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