Author Archive

Articles by Ryan Chittum | Email the Author

 

1. The Audit

   The Opening Bell

   February 21, 2008 07:52 AM

   Stagflation fears lead the front pages of the business press today after the Federal Reserve sharply cut its growth estimates and inflation reports came in high. The Fed cut growth estimates for the year to 1.3 percent to 2... Continue reading

2. The Audit

   The Opening Bell

   February 20, 2008 08:08 AM

   Crude oil closed above $100 a barrel on Tuesday for the first time, a nominal record only about $3 away from the inflation-adjusted peak hit twenty-eight years ago. The nearly five-percent jump—what Reuters calls the biggest ever daily... Continue reading

3. The Audit

   The Opening Bell

   February 19, 2008 07:18 AM

   There’s breaking news this morning out of Europe: big subprime write-downs at Credit Suisse, which, unlike its Swiss competitor—and let’s face it, seemingly every other big bank—UBS had been relatively untouched by the credit bust. Just a... Continue reading

4. The Audit

   Opening Bell

   February 15, 2008 08:07 AM

   The Wall Street Journal and The Financial Times report this morning that New York Governor Eliot Spitzer is stoking the fire his insurance superintendent has set under the monoline bond insurers, saying they have five days tops to shore... Continue reading

5. The Audit

   The Opening Bell

   February 14, 2008 08:15 AM

   Editor's note: Welcome to the formal launch of Opening Bell, a critical review of the morning's business news written by Ryan Chittum. Youthful yet wizened and crusty, Ryan is a native of Oklahoma, where he is known as the "Oracle... Continue reading

6. The Audit

   The Opening Bell

   February 13, 2008 08:13 AM

   Editor's note: Welcome to the first Opening Bell, a daily look at the morning's business press written by Ryan Chittum, a crusty-yet-youthful financial journalism veteran. Opening Bell is the newest feature of The Audit, the business-press section of the Columbia... Continue reading

7. The Audit

   Free Tunes! Not

   February 7, 2008 11:24 AM

   A penny-stock company called Brilliant Technologies Corporation made several business-news desks look silly recently when they credulously reported an announcement by its Qtrax unit that it had signed a deal with all four major-label record companies to give consumers... Continue reading

8. The Audit

   Or What?

   January 30, 2008 08:45 AM

   The financial press’ coverage of the “bailouts” on Wall Street by foreign and other investors has left out a critical component—namely what if the bailouts hadn’t happened? Several business news outlets hint at, but never explain, dire scenarios... Continue reading

9. The Audit

   Can’t Get Any Worse?

   January 16, 2008 10:40 AM

   Newspapers are quick to tell us bad news about the war, the economy, and the local politician. Newspaper companies aren’t so quick to tell us bad news about themselves. That’s what Jonathan Weil says last week in a... Continue reading

10. The Audit

    Job Well Done

    January 8, 2008 01:26 PM

    Even the most diligent readers of the business press can be forgiven for not understanding what a collateralized debt obligation is, how it differs from a mortgage-backed security, or how both were directly responsible for inflating the housing bubble... Continue reading

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