Author Archive
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The Audit
Waiting for the Angelides Commission
September 21, 2009 08:00 AMKudos to The New York Times edit page for dogging the poky progress of the Financial Crisis Inquiry Commission, the bipartisan, blue-ribbon panel that is supposed to look into the roots of the financial crisis, but is only now... Continue reading
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The Audit
Investors vs. the Public
September 17, 2009 05:02 PMBloomberg posts interesting results of a poll saying that investors and the general public see Obama's economic performance very differently. Sept. 17 (Bloomberg) -- President Barack Obama is rated more highly by the general public than by... Continue reading
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The Audit
Anticipating Peter Goodman’s New Book
September 16, 2009 05:53 PMIf this excerpt is any indication, Past Due, a new book by New York Times economics writer Peter S. Goodman will deserve wide attention by business-press practitioners and their readers and viewers. The book will expand on what... Continue reading
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The Audit
Plagiarism Follies at the Courant
September 8, 2009 03:53 PMOn the subject of newspapers chewing their own legs off, the Hartford Courant, is in the process of doing just that these days, first having stumbled into a plagiarism scandal, now by issuing opaque statements while disciplining employees for... Continue reading
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The Audit
Gannett Spins the Hamster Wheel
August 31, 2009 05:09 PMIt is disturbing, to say the least, to see American newspapers chewing their own legs off as they try to cope with a long-predicted but now very real collapse in their business. Not long ago, it was the Tribune Co.’s... Continue reading
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The Audit
A Needless Ethical Slip
August 28, 2009 10:59 AMThe WSJ’s current ethical snafu of hiring the head of a global PR giant to write a column, even on such a chicken-salad subject as microtrends, is part of a drip-drip deterioration of standards at the erstwhile global financial... Continue reading
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The Audit
Brill Rakes Muck in NYC Schools
August 27, 2009 05:30 PMSteven Brill’s New Yorker story on the quagmire that is the New York City school system is an example of the power of facts in the hands a journalist who knows what to do with them. Brill’s piece, the... Continue reading
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The Audit
Final Blow to a 60 Minutes story
August 21, 2009 09:25 AMAs Dealbook reports, a New Jersey judge threw out a lawsuit filed by Canadian drugmaker Biovail Corp. against a hedge fund, debunking once and for all the premise of a three-year-old 60 Minutes story. As we said... Continue reading
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The Audit
Now We’re Blaming Lending Laws?
August 18, 2009 04:30 PMThe WSJ had an interesting story on how Vermont's strict lending laws have kept foreclosures down. But it goes off the rails when it tries to assert the same laws have impeded the state's economic growth. Vermont Mortgage Laws... Continue reading
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The Audit
Don’t Dismiss Taibbi
August 6, 2009 12:58 PMMainstream financial journalism is doing its level, eye-rolling, heavy-sighing best to stuff Matt Taibbi back into the alt-press hole he came from, but he's not going along with it, and the mainstreamers in any case are making a big mistake.... Continue reading
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The Audit
When Financial Media Blogs Collide
July 20, 2009 12:43 PMAs Ryan Chittum noted on Saturday, Yvette Kantrow, a columnist and editor with The Deal, a Wall Street trade publication owned by Wall Street investors, suggests that The Audit recently failed to write something for fear of offending a... Continue reading
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The Audit
Journalism Scandal at News Corp
July 10, 2009 02:22 AMWhile it's too early to draw conclusions, anyone interested in what goes on at the owner the nation's leading financial daily should understand precisely what is and isn't known about the reporting scandal now roiling The Wall Street Journal's parent,... Continue reading
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The Audit
“All gerbils die, and when they do, hardly anybody really gives a damn.”
June 22, 2009 03:32 PMNot bad for a graduation speech. Doug Bates, an editorial writer at the Oregonian, gave University of Oregon J-School grads a soupcon of wisdom recently on how not to do journalism in these perilous times (h/t Romenesko): ... Continue reading
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The Audit
A Pecora-Style Commission Will Help the Narrative
June 12, 2009 01:39 PMThis occurred to me while reading the extensive coverage leading up to, the live blogging of, the video, and next-day stories this morning about Ken Lewis's testimony before the House Committee on Government Oversight and Reform.... Continue reading
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The Audit
Business Journalism Saves Planet
June 11, 2009 10:03 AMBloomberg has a nice item showing the power of the business press for good. Or at least the power of language on economic behavior. "As Green Shoots Sprout in Media, Confidence Grows" I don't have a link, but the... Continue reading
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The Audit
Attitude Adjustment
June 11, 2009 09:45 AMBloomberg's Jon Weil offers a helpful perspective on how to think about all these Wall Street goings on, such at the ones considered in the prior post, and the fact that most of the banks and bankers who... Continue reading
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The Audit
WSJ Flicks on Lights in a Wall Street Corner
June 11, 2009 08:32 AMA terrific story in the Journal this morning shines a light on what the country's brightest minds do all day on Wall Street—bicker over paper sold by boiler-room lenders to strapped lower-middle-class borrowers. The piece, by Greg Zuckerman,... Continue reading
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The Audit
Man on Wire
June 10, 2009 11:34 AMI understand, of course, the American journalism convention to keep opinions out of news columns and to stick to verifiable facts. Lippmann was big on that. Long may it reign. But when I say the Times's David Leonhardt <a... Continue reading
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The Audit
More Fed Coverage, Please
June 10, 2009 10:00 AMThe MSMs all have short items on the House Committee on Oversight and Government Reform's unusal subpoena of the Federal Reserve, demanding records related to Bank of America's acquisition of Merrill Lynch during the panic months last fall. The... Continue reading
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The Audit
Language Matters at the Globe
June 9, 2009 04:30 PMI wish The Wall Street Journal had taken better care in crafting the lede of its story on the Boston Newspaper Guild's rejection of the cost-cutting proposal of the Globe's owner, New York Times Co. The Boston Globe's survival... Continue reading
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