Author Archive
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The Audit
Reuters Overpromises, Underdelivers on New “Crisis”
December 8, 2009 02:58 PMHere's a Reuters story that could desperately use some of that long-form, enterprise reporting the wire service says it's going to be doing more. The headline is certainly an attention-grabber: Crisis in sovereign, commercial debt seen But the... Continue reading
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The Audit
The Times Gets Tough on the Credit Raters
December 8, 2009 10:07 AMThe New York Times takes an excellent and necessary look at the Big Three credit-rating firms—critically important enablers of the credit crisis—and the prospects for real reform of them. The conclusion: It's not looking good. At base, nearly everyone... Continue reading
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The Audit
Monday Links: What About JP?, BB BW, McLean on Goldman
December 7, 2009 09:53 PMBloomberg's David Reilly writes a good column pointing out that while Goldman Sachs is getting all the flak right now, JPMorgan Chase is somehow skating by untouched despite being "No. 1 in the too-big-to-fail bank club." Goldman is so... Continue reading
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The Audit
WSJ Unbalanced on Business and Carbon
December 7, 2009 09:15 PMThe Wall Street Journal goes A1 with a "you don't say!" story saying Big Business is mad about the EPA declaring carbon dioxide a pollutant. Fine, but let's count sources: Chamber of Commerce, National Association of Manufacturers, Edison Electric... Continue reading
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The Audit
WSJ Warns That Systemic Risks Remain
December 7, 2009 06:05 AMThe Wall Street Journal has a good column this morning warning pretty starkly about the huge risks that are still very much embedded in the financial system. Mark Whitehouse, one of the smartest guys at the Journal (so listen... Continue reading
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The Audit
Friday Links: More Enterprise, Citi TARP, Snake Oil Salesmen
December 4, 2009 05:41 PMGood news in the news business (really!). Reuters tells PaidContent it's committing more resources to longer-form enterprise reporting as part of a revamp aimed at consumers. Hmmm, more coverage like this story today from Matthew Goldstein and... Continue reading
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The Audit
Reuters Scoop: FBI Eyes on SAC Capital
December 4, 2009 04:24 PMReuters has the humdinger story of the day. What's mostly a profile of FBI agent B.J. Kang breaks quite a bit of very interesting news on what Kang is up to. First of all, the biggie: Matthew Goldstein... Continue reading
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The Audit
Bloomberg Covers Yet Another Swap Flop
December 4, 2009 10:17 AMA Bloomberg story this morning points (me, anyway,) to a simple conclusion: state and local governments need to stay away from Wall Street. New Jersey is paying the Bank of Montreal $627,000 a month for interest-rate swaps to protect... Continue reading
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The Audit
Thursday Links: FDIC Fudge, Plutocracy, Pale Sales
December 3, 2009 07:06 PMBloomberg's Jonathan Weil says the FDIC is setting a real fine example for its charges by fudging its own books. "...the FDIC has been underestimating its losses ever since the financial crisis began, which is another way of saying... Continue reading
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The Audit
NYT Inside the Comcast-GE Deal
December 3, 2009 04:12 PMThe New York Times is just flat-out impressive this morning on the Comcast deal for NBC Universal. Its Andrew Ross Sorkin is so keyed in to his sources, you sometime wonder if he's got bugs planted up and down... Continue reading
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The Audit
A WSJ Look at Creepy Iranian Repression
December 3, 2009 06:01 AMThe Wall Street Journal has an important piece of foreign reportage on the front page this morning. Farnaz Fassihi reports that the Iranian government is using the Web and other means to squelch the protests against it outside the... Continue reading
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The Audit
Wednesday Links: Sí, SI; NYCWSJ; NHL Dollar
December 2, 2009 04:57 PMI've thought for a while now that the last best hope for newspapers and magazines was some sort of e-reader or tablet, that could present a reasonable facsimile of a publication but eliminate most of the production and delivery costs.... Continue reading
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The Audit
They’re Baaack
December 2, 2009 01:39 PMDavid Leonhardt is somewhat sanguine about the state of the financial system given its apparent steadiness after the Dubai World default. Perhaps too sanguine. First, it's always impossible to predict what will do the old record scratch to stop... Continue reading
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The Audit
A Little WSJ Slice of Trump’s Life
December 2, 2009 06:15 AMHere's a good Wall Street Journal story this morning on yet another Trump feud, this one with a former casino partner. It's not hugely important or anything, and it knows it: The Journal doesn't stretch to try to make... Continue reading
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The Audit
Tuesday Links: Goldie’s Guns, WSJ.com, Reprints
December 1, 2009 06:39 PMAlice Schroeder, Buffett's biographer, writes in her Bloomberg column that she hears anecdotally that Goldman Sachs (an Audit funder) bankers are applying for gun permits, which she has a little fun with (ADDING: Alphaville points out that Schroeder... Continue reading
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The Audit
Just Another Cyber Monday
December 1, 2009 04:18 PMOh, brother. The fifth annual round of "Cyber Monday" stories are here to hype a pure concoction of the online retailers. The Washington Post plays straight man here, writing in its lede that "100 million shoppers (are) expected to... Continue reading
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The Audit
Moral Force
December 1, 2009 09:47 AMThe first time I ever talked to Pittman was for an Audit Interview back in February. We do these Q&A's every once in a while to highlight journalists whose stuff we like. We hit it off when we found... Continue reading
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The Audit
Monday Links; Pittman Roundup, Carr Elegy for NYC Media
November 30, 2009 08:29 PMPaul Conley, who worked for the late Mark Pittman at Bloomberg, memorializes Pittman as a "a bigger-than-life, over-the-top, lovable stereotype of the perfect reporter." — The libertarian CATO Institute says Pittman fought against the status quo in his... Continue reading
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The Audit
Questionable News Judgment of the Day
November 30, 2009 11:47 AMWhy does The Wall Street Journal put a fourth-day news story about a golfer's minor car accident on page-two today? That's what it does with the Tiger Woods story, giving readers a run-of-the-mill news story with not much anyone... Continue reading
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The Audit
Mark Pittman, Bloomberg’s Bulldog, Dies at 52
November 28, 2009 12:39 PMWe were stunned to learn a couple of days ago of top Bloomberg investigative reporter Mark Pittman's death. As I told his friend and colleague Bob Ivry for the extremely well-done obituary, "What a funny guy -- huge personality.... Continue reading
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