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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Audit Notes: Hamster Wheel Manifesto, Shorts and the Bubble, Economy Picks Up

   February 1, 2011 07:58 PM

   Business Insider got hold of an AOL document laying out the company's "master plan" for its content farm. I think I see smoke coming from the Hamster Wheel: AOL asks its editors to decide whether to produce content... Continue reading

2. The Audit

   Bloomberg News Pops the Meredith Whitney Bubble

   February 1, 2011 01:50 PM

   Bloomberg News lands some real blows on analyst Meredith Whitney in a terrific story this morning. Whitney, famously—or infamously—went on 60 Minutes in December and predicted that fifty to a hundred "sizable" cities and counties would go bust, defaulting... Continue reading

3. The Audit

   Audit Notes: WSJ on BP, U.S. Props Up Egypt’s Mubarak, NFL Subsidies

   January 31, 2011 08:24 PM

   The Wall Street Journal continues to lead on the BP disaster. It reported this weekend on emails showing that land-based company management created confusion among oil well workers and then pressured them to move ahead despite serious concerns in... Continue reading

4. The Audit

   Just How Anti-Gay Marriage is That Chikin?

   January 31, 2011 07:36 PM

   The New York Times' story in yesterday's paper about the Southern chicken chain Chick-fil-A leaves much to be desired. Here's the headline: A Chicken Chain’s Corporate Ethos Is Questioned by Gay Rights Advocates Chick-fil-A is an evangelical Christian company... Continue reading

5. The Audit

   Bloomberg Talks to a Cassandra at Davos

   January 31, 2011 12:56 PM

   I really like how Bloomberg puts together this story on a financial consultant warning the end is nigh from the margins of Davos, while at the same time, the self-congratulation of The Men Who Rule the World nears... Continue reading

6. The Audit

   Audit Notes: Politico’s Goldman PR, ProPublica Vindicated, Mark to Myth

   January 28, 2011 06:06 PM

   The Huffington Post's Peter S. Goodman points to a bizarre report in Politico this morning: Much was made of a brief item in the FCIC report (pg. 378) alleging that Goldman Sachs took $2.9 billion for its own... Continue reading

7. The Audit

   Financial Crisis Inquiry Commission FAIL

   January 28, 2011 01:35 PM

   The Financial Crisis Inquiry Commission released its report yesterday and the press play indicates that it's either an utter failure or that the press itself has some real questions to answer. I'm going to say it's the former. The Wall... Continue reading

8. The Audit

   Audit Notes: Baffled Wall Street Historians, Too Much Demand, Deficits to Shrink

   January 27, 2011 09:28 PM

   Here's your Quote of the Day, from The New York Times's story on the Financial Crisis Inquiry Commission report. Wall Street historian Steve Fraser: “For a historian, it’s a baffling moment,” he said. “All the stars seemed aligned to... Continue reading

9. The Audit

   Fact Checking the Fact Checkers

   January 27, 2011 11:08 AM

   Commenter James asked me to take a look at a couple of verdicts from PolitiFact on the State of the Union and the Republican response. He disagrees with their verdicts. Let's take a look. PolitiFact gave Representative Paul... Continue reading

10. The Audit

    The NYT Melts the Right’s Anti-Labor Snow Job

    January 26, 2011 07:20 PM

    The New York Times unloads a devastating story about the alleged New York City snowplow slowdown that became a big story in the right-wing media. Naturally, the rabidly anti-labor Rupert Murdoch's New York Post led the charge, helped by... Continue reading

11. The Audit

    The Times’s Fluffy Coverage of the State of the Union

    January 26, 2011 11:47 AM

    Did The New York Times really need to lead its page one with a two-column, three-line headline about a pedestrian State of the Union speech? I doubt it, but apparently the Times was inspired. One thing's for sure, though:... Continue reading

12. The Audit

    Audit Notes: FCIC Report, Reuters Talking Points, WSJ Sues

    January 25, 2011 08:07 PM

    The New York Times gets hold of the Financial Crisis Inquiry Commission report first and it seems somewhat promising. Here's the money quote: “The crisis was the result of human action and inaction, not of Mother Nature or computer... Continue reading

13. The Audit

    Ezra Klein’s Flawed Assumptions on Trade With China

    January 25, 2011 07:11 PM

    Ezra Klein accepts some unfortunate assumptions in his Washington Post column on trade yesterday morning. Let's start with this one: It's not that Chinese companies have never taken an American worker's job; they have. But the Chinese, by and... Continue reading

14. The Audit

    Insurer Alleges Fraud by Bear Stearns and JPMorgan

    January 25, 2011 11:49 AM

    Bloomberg News has a story of the day, reporting that JPMorgan Chase/Bear Stearns is being sued by the insurance company Ambac for fraudulently inducing it to insure toxic mortgages and tricking investors into buying them. Ho hum, you say.... Continue reading

15. The Audit

    Audit Notes: Crisis Panel Has Teeth?, Mortgage Fraud, Corporate Size

    January 24, 2011 08:44 PM

    Shahien Nasiripour of The Huffington Post scoops that the Financial Crisis Inquiry Commission may just have some impact after all: It has referred several cases to authorities for prosecution, as required under the law that created the panel. The... Continue reading

16. The Audit

    Resistance Is Futile for Alabama’s White Collar Criminals

    January 24, 2011 01:36 PM

    The Wall Street Journal has a superb Money & Investing profile this morning of an Alabama securities regulator who makes the feds look like pipsqueaks. Jean Eaglesham's lede is outstanding. How could you not want to read this story?... Continue reading

17. The Audit

    Don’t Forget Massey Energy’s Long History of Violations

    January 21, 2011 08:54 PM

    Federal investigators' preliminary report is out on the April coal mine explosion that killed 29 West Virginia miners. Was it something of a natural disaster—a fluke or bad luck—or was it a man-made one that could and should have been... Continue reading

18. The Audit

    Pearlstein: On China Trade, an Eye for an Eye

    January 21, 2011 12:09 PM

    Of all the commentary this week on China, none got to the heart of the problem anywhere near as well as Steven Pearlstein did in the Washington Post. American trade policies toward China are a giant WTF—something akin to... Continue reading

19. The Audit

    Audit Notes: The Too Big to Fail Get Bigger, News Corp. Scandal, FT on Fire

    January 19, 2011 09:56 PM

    The Huffington Post reports that the Obama administration, far from splitting up the too-big-to-fail banks, will allow them to get even bigger under the financial-reform law. The nation's four biggest banks can grow even bigger, with the potential to... Continue reading

20. The Audit

    Yet Again, Fannie and Freddie Didn’t Do It

    January 19, 2011 11:30 AM

    Michael Hudson writes one of the most convincing Fannie and Freddie Didn't Do It pieces yet. Actually, my soundbite isn't quite right: Frannie contributed to the crash, as Hudson says. But they were minor players compared to Wall Street,... Continue reading

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