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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Bloomberg Scrutinizes JPMorgan Chase

   April 13, 2012 06:58 PM

   Bloomberg News has an important story today showing how press favorite Jamie Dimon's JPMorgan Chase has ramped up risk in its chief investment office, which has become a major profit center for the bank. The CIO is supposed to... Continue reading

2. The Audit

   The Minimum Wage in Context

   April 13, 2012 02:18 AM

   The New York Times reports that even in a weak economy, there's a fairly serious push for increasing the historically low minimum wage, which at the federal level grosses a full-time worker $7.25 an hour or roughly $15,000 a... Continue reading

3. The Audit

   Ebooks and Antitrust

   April 11, 2012 07:56 PM

   Back in 2010, a giant retailer had 90 percent of a market—a near total monopoly (monopsony, if you want to be precise). This company tried to dictate pricing in the industry via its dominant position (aided significantly, to... Continue reading

4. The Audit

   Audit Notes: Dodger Money, Social News Apps, U.S. Mowing Bills

   April 11, 2012 01:26 AM

   Andrew Ross Sorkin writes a tough column on the group of investors buying (or supposedly buying) the Los Angeles Dodgers for an eye-watering $2.15 billion. In addition to their own cash, Mr. Walter plans to use money from Guggenheim... Continue reading

5. The Audit

   The Seattle Times Takes On Hometown Amazon

   April 10, 2012 11:37 AM

   Here in Seattle, Amazon is growing like crazy, adding thousands of jobs and building several skyscrapers just off downtown, something that will add hundreds of construction jobs. But at what cost? That's what The Seattle Times asks in a tough,... Continue reading

6. The Audit

   Audit Notes: Wells Bells, Nontaxpayers, Facebook Apps and Privacy

   April 10, 2012 01:28 AM

   The Huffington Post reports that Elizabeth Magner, a federal judge in Louisiana, hit Wells Fargo with $3.1 million in punitive damages for gouging a New Orleans man for $24,000 in illegal fees on his mortgage, and then putting the... Continue reading

7. The Audit

   Audit Notes: Paul Ryan’s Very Serious Budget, The London Whale

   April 6, 2012 06:14 PM

   Paul Krugman hammers colleague David Brooks today, writing about unnamed commentators "pretending to be moderates or at any rate only moderate conservatives" praising Paul Ryan and criticizing Obama for being mean to him, which Brooks did this morning.... Continue reading

8. The Audit

   The Ethics of Social News Apps

   April 6, 2012 04:02 PM

   I don't know about you but my Facebook feed has gotten creepy and cringeworthy these days, and it's thanks to news organizations. Here's a list of stories that have popped in my news feed in the last few days with... Continue reading

9. The Audit

   Audit Notes: Sky News Hacking, JPMorgan Fined, False Balance

   April 6, 2012 01:59 AM

   Murdoch's hacking scandal continues to metastasize, spreading to Sky News now, which admitted when asked by The Guardian that it illegally broke into two email accounts of two people in the news. A senior Sky executive signed off on... Continue reading

10. The Audit

    NYT Examines Chris Christie’s Corporate Welfare Machine

    April 5, 2012 07:55 PM

    Charlie Bagli takes a nice look in The New York Times at the corporate-welfare machine that is Chris Christie's administration in New Jersey, and reports that the governor has approved a record $1.6 billion in handouts to companies to... Continue reading

11. The Audit

    Audit Notes: Shareholder Revolution Edition

    April 5, 2012 01:39 AM

    This AlterNet piece finds some revealing quotes from the Business Roundtable that show how that influential group's views on who business is supposed to serve shifted after the shareholder revolution (and the Reagan revolution). Here's what it said in... Continue reading

12. The Audit

    All You Can Eat Magazines

    April 4, 2012 07:51 PM

    Ken Doctor has a very interesting report for the Nieman Journalism Lab on the new consortium called Next Issue Media that's ramping up to offer all-you-can-eat digital subscription access to major magazines. This looks like a magazine lover's dream.... Continue reading

13. The Audit

    Audit Notes: NBC’s Selective Edits, Bloomberg Clickbait, Secrecy

    April 4, 2012 12:34 AM

    NBC News has apologized for editing tapes of George Zimmerman's 911 call to make it look like he said Trayvon Martin looked up to no good because he was black. NBC snipped out the dispatcher asking Zimmerman what race... Continue reading

14. The Audit

    What Do I Owe You?

    April 3, 2012 07:18 PM

    When a bank sells bad debts to third-party collectors, the first order of business would seem to be to tell the collectors how much they can legally collect. So when Bank of America sells hundreds of millions of dollars of... Continue reading

15. The Audit

    Audit Notes: Goldman’s CDOs, Too Big to Fail Consensus, Need to Know

    April 3, 2012 01:34 AM

    Fortune's Stephen Gandel reports that the SEC is likely to file fraud charges against Goldman Sachs for its 2006 Fremont Home Loans Trust CDO over allegations that Goldman misled investors about the loans backing up the securities (emphasis mine):;... Continue reading

16. The Audit

    Bloomberg BusinessWeek Cuts the Guruspeak

    March 30, 2012 07:43 PM

    Capital New York takes a quick but revealing look at how and why Bloomberg BusinessWeek has revolutionized the business magazine, reporting on a visit by Editor Josh Tyrangiel and creative director Richard Turley to Columbia. Here's Joe Pompeo on... Continue reading

17. The Audit

    Audit Notes: Cookbooks and News, Too Big to Fail, Paul Ryan

    March 30, 2012 12:21 AM

    Ken Doctor has a good post for Harvard's Nieman Journalism Lab on why news organizations need to be ramping up niche product development, both for individual sale and as free add-ons to make digital subscriptions worth more. Let’s take... Continue reading

18. The Audit

    Harry Potter Hits the E-Book Market

    March 29, 2012 05:42 PM

    I've never understood quite why, in a digital age that allows companies to sell directly to their customers, that book publishers, record labels, writers, and artists have allowed third parties like Amazon and Apple to seize outsize control of their... Continue reading

19. The Audit

    Audit Notes: Chart of the Day, Trayvon Martin Sourcing, Updates

    March 28, 2012 07:34 PM

    The Atlantic's Matthew O'Brien pulls the chart of the day from Ireland's Central Statistics Office: This shows the change in disposable income for each decile of the Irish population in 2010, after the country's leaders,... Continue reading

20. The Audit

    The WaPo Ombudsman’s Faulty Paywall Analysis

    March 28, 2012 02:17 AM

    Washington Post ombudsman Patrick B. Pexton has a flawed analysis on the logic of a possible paywall there and on the performance of the one that already exists at The New York Times. How much revenue could charging digital... Continue reading

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