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The special committee that's supposed to oversee the paper's editorial independence is meeting this morning – just ahead of the formal resignation of managing editor Marcus Brauchli. The committee, which Rupert Murdoch agreed to as part of News Corp's purchase of Dow Jones, is supposed to approve hiring of a new managing editor. There's still a lot of confusion over the circumstances behind Brauchli's departure, though it's clear that Murdoch has been on a tear to beef up the paper with more general interest news. (WSJ)

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3:49 PM Fri | Today's weekly commentary looks in on the election season gathering steam in California, with mentions of Meg Whitman, Steve Poizner, Jerry Brown, Gavin Newsom, Janice Hahn and Mickey Kaus.
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2:26 PM Fri | You might recall his being sent off for secretly paying clients to pursue shareholder lawsuits.
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