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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Mitt Romney and Marriott’s Taxes

   February 23, 2012 12:11 PM

   Mitt Romney's taxes were all over the news last month when it turned out he paid just 13.9 percent of his $22 million 2010 income in federal taxes. That turns out to be high compared to some of the... Continue reading

2. The Audit

   Audit Notes: Tax Break, No Wage Pressure, Clowning Schneiderman

   February 23, 2012 12:54 AM

   Reuters's David Cay Johnston has a good column today on why tax rates are lower than we generally think: We typically calculate them based on adjusted gross income. But the Tax Policy Center has numbers on what tax rates... Continue reading

3. The Audit

   The IRS and the Chicago News Cooperative (UPDATED)

   February 22, 2012 03:23 PM

   I wrote back in November that the tax man was making it harder for the nonprofit-news movement to flourish or even survive. Now the IRS figures prominently in the downfall of a major nonprofit news organization, the Chicago News... Continue reading

4. The Audit

   Audit Notes: Fed Transparency, Carp Invasion, Chinese Imports

   February 22, 2012 01:38 AM

   The Wall Street Journal is good to bird-dog the Federal Reserve on transparency, and it gets results even before publishing its story. The paper reports that the central bank, which doubles as a bank regulator, has all but quit... Continue reading

5. The Audit

   The “Can’t Find Workers” Meme

   February 21, 2012 07:59 PM

   In a time when millions of American workers can't find work, it's only natural to be intrigued by counterintuitive stories that claim American companies can't find workers. I like to imagine the newsroom conversations go something like this: EDITOR: Meh.... Continue reading

6. The Audit

   Audit Notes: Limited Liability, Apple’s “Tons of Issues,” Foreclosure Scandal

   February 17, 2012 07:44 PM

   The London Review of Books has a fascinating piece by the Bank of England's Andrew Haldane on excessive financial-industry risk. He looks back at the history of the British financial system to help shed light on our modern-day troubles.... Continue reading

7. The Audit

   The WSJ Exposes Google’s Tracking Hack

   February 17, 2012 01:40 PM

   The Wall Street Journal has a big scoop this morning on how Google and other companies overrode Apple privacy settings in order aid their products and ads, a move that also allowed third-party advertisers to track users on the... Continue reading

8. The Audit

   Anthony Shadid: What He Knew

   February 17, 2012 12:26 AM

   The foreign correspondent Anthony Shadid of The New York Times, has died of an apparent asthma attack while covering the Syrian uprising. He was just 43. In our November/December issue, Terry McDermott interviewed him about his experiences covering the... Continue reading

9. The Audit

   Audit Notes: WSJ and FCPA, Apple Access, The Times Paywall

   February 16, 2012 09:19 PM

   The Wall Street Journal editorial page comes out swinging against the Justice Department's "latest prosecutorial attack on business" via the Foreign Corrupt Practices Act, which prohibits American companies from bribing foreign countries. The Journal, naturally, is unhappy that corporations... Continue reading

10. The Audit

    Blodget Asks a Taboo Question on Wages and Profits

    February 16, 2012 04:08 PM

    I like this Henry Blodget thought experiment on how much more major companies could afford to compensate their ill-paid employees. It shows pretty clearly just how much shareholders and executives benefit at the expense of the workers who... Continue reading

11. The Audit

    Audit Notes: TP Bubble, No More “Fat Cats,” Big Long Now

    February 16, 2012 12:52 AM

    The Wall Street Journal takes a look at one growing American industry the Internet and the Chinese can't wipe out: Toilet paper. Turns out that "unlike other paper, tissue paper isn't economical to ship from overseas because of its... Continue reading

12. The Audit

    For The Sun, Karma Is No Fun

    February 15, 2012 04:35 PM

    Rupert Murdoch's Sun is in big trouble. Reuters reports today that Scotland Yard is investigating "serious suspected criminality over a sustained period" involving corrupt payments to public officials totaling in the tens of thousands of pounds. The officials, "some... Continue reading

13. The Audit

    Audit Notes: Government Spending, News Corp., The Machines Rise

    February 14, 2012 11:58 PM

    The New Yorker's George Packer deftly riffs off both Charles Murray's new book on turmoil in the white lower and working classes and Sunday's enormous New York Times story on the cognitive dissonance of conservatives who decry government... Continue reading

14. The Audit

    Cops in the Newsroom

    February 14, 2012 05:33 PM

    I noted this yesterday about News Corporation's Management Standards Committee, set up over the summer to handle the company’s internal investigation into the hacking scandal, but wanted to explore it a little more today. The New York Times piqued... Continue reading

15. The Audit

    Audit Notes: Murdoch’s Hacking Scandal, Chipotle Not Apple

    February 13, 2012 08:01 PM

    Murdoch's hacking scandal deepened this weekend with the arrests of several senior journalists at another News Corporation paper—The Sun— in a police-bribes investigation. The New York Times has a pretty good story focusing on the email that may bring... Continue reading

16. The Audit

    Pogue Misses on Cheap Gadgets and Foreign Labor

    February 10, 2012 04:16 PM

    David Pogue of The New York Times looks at the "Dilemma of Cheap Electronics" raised by the paper's recent, outstanding series on Apple's manufacturing policies. But it's less of a dilemma than he makes out. Pogue reports that building... Continue reading

17. The Audit

    Audit Notes: Energy Economy, Insider Trading, Mortgage Settlement

    February 9, 2012 11:55 PM

    Here's a good Wall Street Journal page-one story on how the energy boom is driving economic activity across the U.S. The lede anecdote is smart. Russell Gold visits a manufactured-housing builder in Idaho, far from the shale boom states,... Continue reading

18. The Audit

    BusinessWeek Goes Inside a Critical Hacking Scandal Meeting

    February 9, 2012 02:20 PM

    Bloomberg BusinessWeek has a fantastic story reporting on a critical meeting Rupert Murdoch held last May to plot how to contain the hacking scandal. The detail and reporting here are remarkable. Nobody at the dinner in Murdoch's London... Continue reading

19. The Audit

    Audit Notes: Off the Hamster Wheel, The Dumb Money, iPad Newspapers

    February 9, 2012 01:53 AM

    I like this Nieman Journalism Lab piece on how Salon hopped off the hamster wheel and saw site traffic increase dramatically. Salon's traffic jumped 40 percent even though it posted a third less than it had a year... Continue reading

20. The Audit

    Mostly Skimpy Coverage of JPMorgan’s Overdraft Settlement

    February 8, 2012 10:16 AM

    Press favorite Jamie Dimon's JPMorgan Chase is paying $110 million to settle a class-action suit against it for gouging its customers on overdraft transactions. The bank, like many others, artificially re-ordered transactions to clear from highest to lowest... Continue reading

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