Newsweek reporters and editors flunk Journalism 101

Newsweek's Mark Hosenball and his editors should get their journalism degrees revoked. Today, Hosenball published a story about John McCain, Phil Gramm, and UBS.

For weeks now, John McCain's presidential campaign has faced awkward questions about the outside activities of several top advisers. Add one more name to the list: former Texas senator Phil Gramm, McCain's longtime friend and one of his five campaign co-chairs. ... Gramm is not a paid McCain adviser, but his day job—vice chairman of a U.S. division of Zurich-based financial giant UBS—could pose new tests for a candidate who has promised high ethics standards and ditched advisers who failed to meet them.

Sounds like a big deal right? Well maybe. The big deal is that Hosenball was either so incompetent (I will not assume dishonest, which would be the other explanation) to not notice that the CEO and Chairman of UBS USA is a bundler for Barack Obama. According to Obama's website, Robert Wolf has promised to raise "Over $200,000" for the Obama campaign.

We hope that Newsweek does the decent thing and puts Hosenball and his editors on paid leave while they renew their journalism degrees.