Author Archive
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The Audit
Audit Notes: GOP gold bugs, too big to fail, Niall Ferguson
August 28, 2012 06:50 AMThe Republicans have put the gold standard (or at least a commission to study the idea) back in their party's platform. Paul Krugman writes about why this is nuts: There is a remarkably widespread view that at least gold... Continue reading
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The Audit
Audit Notes: China slows, Romney’s taxes, copyright
August 27, 2012 06:50 AMThe New York Times looks at a glut of goods clogging up Chinese warehouses—an ominous sign for the global economy: Problems in China give some economists nightmares in which, in the worst case, the United States and much of... Continue reading
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The Audit
WaPo dings the ‘give-it-away-free approach’
August 24, 2012 06:50 AMThere's all kinds of irony about the Washington Post slapping a company for a "give-it-away-free approach" that has hurt share prices. There's the fact that the WaPo once had an option to buy 10 percent of this extremely... Continue reading
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The Audit
Audit Notes: Gawker’s Bain scoop, file sharing and record sales, Niall Ferguson
August 24, 2012 01:55 AMGawker's John Cook got hold of 950 pages of confidential Bain Capital documents related to Mitt Romney and put them online, writing that, "The documents are exceedingly complicated. We don't pretend to be qualified to decode them in full,... Continue reading
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The Audit
The New Yorker on Obama as fundraiser (UPDATED)
August 23, 2012 11:00 AMIt's hard to read Jane Mayer's New Yorker piece on campaign fundraising without thinking about how embarrassing and corrupting it is that our system expects the president of the United States to suck up to big shots so he... Continue reading
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The Kicker
Required skimming: Euro crisis
August 22, 2012 06:50 AMThis month, CJR presents “Required Skimming,” a daily miniguide to our staffers’ beats and obsessions, ranging from finance to food. If we overlooked any of your must-read destinations, please tell us in the comments. • Martin Wolf: The Financial... Continue reading
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The Audit
Audit Notes: Newsweek standards, Luddite fallacy, crowdfunding scams
August 22, 2012 06:50 AMPaul Krugman asks: We know what Ferguson is going to do: he’s going to brazen it out, actually boasting about the deftness with which he misled his readers. But what is Newsweek going to do? Not much, apparently. Dylan... Continue reading
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The Audit
Newsweek’s Niall Ferguson debacle
August 21, 2012 11:00 AMIt's been a long time since I've seen a cover story so comprehensively demolished as Newsweek's disengenuous anti-Obama piece by Harvard's Niall Ferguson, who puts together a greatest-hits compilation of the right's economic smears of the past three-plus years.... Continue reading
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The Audit
Audit Notes: Fake or real Jeff Jarvis?, Wolf on Ryan, robots and labor
August 21, 2012 06:50 AMThis may seem like a Fake Jeff Jarvis post, but it's real-life Jeff Jarvis: Creators don’t need protection from copying. That’s futile. Copying can’t be stopped. Thus copying is no longer a way to exploit the value of... Continue reading
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The Audit
Misleading and incomplete coverage of Apple’s ‘record’ value (CORRECTED)
August 20, 2012 02:06 PMThe big market news today is about Apple's gargantuan market capitalization reaching a new, stunning high: Bloomberg News: Apple Becomes Biggest Company in History, Passing Microsoft in 1999 CNNMoney: Apple is now the most valuable company of all... Continue reading
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The Audit
Audit Notes: Newspapers v. Postal Service, student debt, taxes
August 20, 2012 11:00 AMThe newspaper industry's situation is already apocalyptic, but the Associated Press reports it could be about to get worse. The AP says that a possible postal-service deal with a junk-mail advertiser has the newspaper industry up in arms. Newspapers... Continue reading
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The Audit
SmartMoney is confused on wages, inflation
August 17, 2012 06:50 AMThis SmartMoney post on "Why You're Not Getting a Raise" doesn't make sense. The lede: Didn’t get a raise this year? Blame inflation. Hmm, I'd blame the weak economy and excess supply of labor before inflation, which seems more... Continue reading
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The Audit
The WSJ editorial page and Paul Ryan’s Medicare plan
August 16, 2012 11:06 AMThe Wall Street Journal editorial board's Joseph Rago makes a whopper of an error in a column Tuesday extolling Paul Ryan's plan to turn Medicare into a voucher program that probably wouldn't cover the cost of old folks'... Continue reading
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The Audit
Audit Notes: Bill Black on CNBC, LAT eyes Ryan’s budget, robosigning
August 16, 2012 02:44 AMBill Black goes on CNBC and shreds Maria Bartiromo and Bethany McLean on whether Goldman Sachs (and others) could and should have been prosecuted for fraud related to the financial crisis: Continue reading
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The Audit
Audit Notes: Romney’s taxes, NBC’s win, turning off the Web
August 15, 2012 06:50 AMJoe Nocera writes about the sharp choice facing voters in November, and so it is. But this strikes me as a wrongheaded sentiment for a journalist to have (emphasis mine): Ever since the campaign entered the postprimary, preconvention phase,... Continue reading
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The Audit
A critical eye on the ‘skills gap’
August 14, 2012 06:50 AMThere's no shortage of uncritical reporting on the notion that employers, and particularly manufacturers, can't find enough qualified workers even in a time of high unemployment. Last week, even the auto industry was complaining about not being... Continue reading
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The Audit
Audit Notes: Romney’s Ryan taxes, FDR or Ayn Rand, Morton Mintz
August 14, 2012 01:56 AMThe Atlantic's Matthew O'Brien has the best snap financial analysis of Mitt Romney's pick of Paul Ryan as a running mate, reporting that "Under Paul Ryan's plan, Mitt Romney wouldn't pay any taxes for the next ten years --... Continue reading
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The Audit
CNNMoney can’t find the workers, either
August 13, 2012 06:50 AMNow it's CNNMoney's turn to spread the "can't find workers" meme. The headline reads "Northeast Indiana: Hundreds of factory jobs go unfilled." There's the counterintuitive top that talks about how even in a recession with high unemployment, manufacturers can't... Continue reading
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The Audit
Audit Notes: Google moves on copyright, The Daily Shoe, Olympics
August 10, 2012 09:28 PMGoogle will finally begin to penalize pirate sites in its search algorithm. What took so long? The Wall Street Journal is very good to put this context up high: The move comes as Google itself is attempting to become... Continue reading
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The Audit
False balance on Romney’s bogus welfare reform attack
August 10, 2012 03:00 PMThis Financial Times coverage of Mitt Romney's false attack on an Obama administration move on welfare reform is a classic example of the kind of he said-she said journalism that leaves readers throwing up their hands at all... Continue reading
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