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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   SmartMoney Makes a Hash of the Downgrade

   August 10, 2011 06:17 PM

   Speaking of the Journal overhyping the S&P downgrade of U.S. Treasurys, its sister magazine SmartMoney has a doozy of a personal-finance piece out today that trips all over itself. Here's the headline: Post-Downgrade, Higher Rates for Borrowers Treasurys... Continue reading

2. The Audit

   The Journal Hypes the Downgrade

   August 10, 2011 02:44 PM

   That Standard & Poor's downgraded the U.S. from AAA to AA+ is a big story no doubt. But The Wall Street Journal on Monday went overboard, devoting almost all of the first seven pages of the paper and a good... Continue reading

3. The Audit

   Audit Notes: Murdoch’s Board, Hedge Funds Selling

   August 9, 2011 07:35 PM

   How awful is News Corporation's corporate governance (among other things)? Bloomberg News on Viet Dinh, the guy who wrote the Patriot Act: Dinh, 43, is point man between the independent board members and a panel that New York-based... Continue reading

4. The Audit

   The Long Crisis

   August 9, 2011 04:54 PM

   The Wall Street Journal's new Money & Investing chief, Francesco Guerrera, has an awfully narrow perspective about "Why This Crisis Differs From the 2008 Version." First, as an aside, it's worth noting that The Wall Street Journal is calling... Continue reading

5. The Audit

   Market Mess

   August 8, 2011 08:18 PM

   What happened in the markets today? Good luck figuring that out (you can't, really). Let's just say it's some combination of European collapse fears, U.S. too-big-to-fail collapse fears, recession fears, downgrade after-effect uncertainty and Lord knows what else—and roughly... Continue reading

6. The Audit

   Blaming the Audience: Almost Always a Bad Idea

   August 8, 2011 01:57 PM

   Marketplace's Heidi N. Moore lays into a listener for getting upset about Wall Street wanting to cut her entitlements. In a Tumblr post responding to the listener’s letter to Marketplace, Moore says she and the rest of... Continue reading

7. The Audit

   Audit Notes: Decline and Fall, Inflation Falls Again, Stress Indicators

   August 5, 2011 08:18 PM

   Your Decline and Fall Moment of the Day comes from Standard & Poor's, the credit-ratings firm that was a core cause of the financial crisis and economic catastrophe. The press reported late tonight that S&P was about to downgrade the... Continue reading

8. The Audit

   Audit Notes: Panic in the Markets

   August 4, 2011 08:03 PM

   The Dow Jones Industrial Average plunged 512 points today, some 4.3 percent, as panic takes hold in global markets. The 10-year Treasury bond's yield tumbled to 2.46 percent, signaling the bond vigilantes long warned about by folks like the... Continue reading

9. The Audit

   Excellent Reporting on the Revolving Door By American Banker

   August 4, 2011 01:46 PM

   American Banker has a terrific story on the revolving door, digging into the records of former Federal Housing Authority commissioner David Stevens, who left the FHA earlier this year to head the Mortgage Bankers Association. The Banker got hold... Continue reading

10. The Audit

    Audit Notes: Some Recovery, Tom Watson Profiled, Debt Myths

    August 3, 2011 07:48 PM

    Calculated Risk gives us four indicators the National Bureau of Economic Research uses to call and date recessions and recoveries. They show just how far the economy has fallen since 2007: These graphs show that no major indicator has... Continue reading

11. The Audit

    WSJ Fronts Amazon’s Tax Avoidance Strategy

    August 3, 2011 06:38 PM

    It's nice to see The Wall Street Journal take a page-one look at Amazon's aggressive tax avoidance, something I've written about quite a bit here at The Audit. Its story establishes even more clearly that avoiding sales taxes... Continue reading

12. The Audit

    The Wall Street Journal: Murdochification Watch

    August 2, 2011 10:06 PM

    Rupert Murdoch's Wall Street Journal, unsurprisingly, hasn't done a whole lot of digging on the News Corp. hacking scandal. Or perhaps it has dug, but it's been so far behind on the story that it hasn't been able to... Continue reading

13. The Audit

    Despite Debt Ceiling Deal, Wishy-Washy Stock Market Stories

    August 2, 2011 03:14 PM

    The House approved the debt-ceiling/spending cuts deal after markets closed yesterday, and the Senate passed it today. The Dow is now down 176 points on the day, as the fact that we have a terrible economy, now accompanied by negative... Continue reading

14. The Audit

    Audit Notes: The Murdoch Lobby at Work, Davies in America, Audit Radio

    August 2, 2011 12:42 AM

    Roger Cohen, author of one of the worst Murdoch apologies of the hacking scandal, heads to David Cameron and Rebekah Brooks' neck of the woods to file a good column on the affair and what it shows about... Continue reading

15. The Audit

    Follow a 99er Through the Press As the Money Runs Out

    August 1, 2011 01:32 PM

    Now that it's certain that our leaders have gone all in on austerity, despite a 9.2 percent unemployment rate and an economy that looks like it's sliding back into recession, it's time for the press to redouble its focus on... Continue reading

16. The Audit

    Audit Notes: What News Corp. Knew, Mulcaire Talks, FT Paywall Success

    July 29, 2011 07:40 PM

    The New York Times has a big scoop tonight on the Murdoch hacking scandal, reporting that News International and its law firm knew back in 2007 that News of the World had bribed the police—and proceeded to cover it... Continue reading

17. The Audit

    Debt-Ceiling Jitters Hit the Markets

    July 29, 2011 03:36 PM

    I'm beginning to get that spring/summer 2008 feeling again, and it's no wonder. The latest GDP report this morning signals that we may be heading into recession again—this time with an unemployment rate above 9 percent. Despite that, the... Continue reading

18. The Audit

    Audit Notes: Another Davies Hacking Scoop, Greece, The Debt Ceiling

    July 28, 2011 07:25 PM

    Nick Davies lands another big scoop on the Murdoch hacking scandal, reporting that police investigators believe the News of the World gave a phone to the mother of a murder victim and then hacked it or at least tried... Continue reading

19. The Audit

    ProPublica Catches Ally Financial Making It Up

    July 27, 2011 08:33 PM

    ProPublica has a terrific report today nailing Ally Financial (the former GMAC) for faking mortgage documents in order to foreclose on a homeowner. Paul Kiel gets hold of internal documents that show Ally (ProPublica refers to it throughout as... Continue reading

20. The Audit

    Rupert Murdoch and the Corporate Culture of News Corp.

    July 27, 2011 10:22 AM

    Rupert Murdoch's board of directors was in the spotlight a bit yesterday, with stories in The Daily Beast and The Wall Street Journal looking at how bogus its claims of independence are. The Journal gets some sharp critics... Continue reading

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