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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   The Dead Source Who Keeps on Giving

   January 18, 2011 06:53 PM

   Back in March, I noticed The Wall Street Journal appearing to burn an off-the-record source a few days after he died. Now it's Fortune's turn to put the same source on the record posthumously. And it, unlike... Continue reading

2. The Audit

   The NYT Tosses Off a Paywall Story

   January 18, 2011 11:10 AM

   The New York Times has a brief report today raising hopes about the prospects of a pay model for newspapers. Unfortunately, the story is so thin it probably wasn't worth publishing. The paper relies on data by Journalism Online,... Continue reading

3. The Audit

   Audit Notes: Beer Buys Off the ‘Burg?, Apple As Bully, Bank Propaganda

   January 14, 2011 09:09 PM

   This New York Times story, which reports that residents of Brooklyn's Williamsburg protested a Duane Reade chain store coming into the neighborhood and threatening the mom and pops there, just isn't coherent. When Duane Reade opened a new store... Continue reading

4. The Audit

   The Groupon Bubble

   January 14, 2011 11:08 AM

   If you doubted, even after Facebook's recent $50 billion valuation, that there's a mini-bubble inflating in tech land, this morning's New York Times ought to disabuse you of that notion. The paper reports that Groupon, which turned down $6... Continue reading

5. The Audit

   Audit Notes: Financial Capture, Homeless, Amy Chua Criticizes WSJ

   January 13, 2011 08:09 PM

   Simon Johnson notes something big that Goldman Sachs dances around in its report on its internal culture released this week (to front-page play in The Wall Street Journal and Financial Times): The Goldman report does have one revealing statement... Continue reading

6. The Audit

   Remapping the Debate on China’s Industrial Policy

   January 13, 2011 04:27 PM

   Remapping Debate has an interesting piece on how the U.S. finds itself at the mercy of the Chinese for a critical ingredient in a number of important technologies, like hybrid cars, missile tracking systems, and wind turbines, and... Continue reading

7. The Audit

   Audit Notes: Mortgage Servicers, Ghost Mall—China Style; The Joneses

   January 13, 2011 11:53 AM

   Andy Kroll of Mother Jones takes a look (UPDATE: took a look, I should say. This story is from a year ago. As Paul Kiel points out, it's "sadly still entirely relevant") at the little-regulated mortgage servicers. There's an... Continue reading

8. The Audit

   The SEC’s Khuzami and That Citigroup Settlement

   January 12, 2011 01:19 PM

   Bloomberg News reported on Monday that the SEC's inspector general is investigating Robert Khuzami, its chief enforcement official, after getting an anonymous letter claiming that Khuzami watered down the agency's Citigroup enforcement effort after talking to a pal at... Continue reading

9. The Audit

   WSJ Spotlights Wage Declines of the Laid Off

   January 11, 2011 08:41 PM

   The Wall Street Journal is excellent today with this front-page examination of what the recession is doing to wages of those who've gotten new jobs after being laid off. It's a reporting-rich piece that looks at the devastation—both... Continue reading

10. The Audit

    Bloomberg News Oversells and Underperforms on Toyota’s Decline

    January 11, 2011 02:38 PM

    Bloomberg News has a good idea to do a step-back on Toyota and how it's faring a year after its devastating recall of millions of cars. But it doesn't pull off a good story. First, it oversells what it's... Continue reading

11. The Audit

    Audit Notes: Ibanez Implications, The Daley Problem, Sbarro Sliced

    January 10, 2011 08:29 PM

    The Ibanez verdict in Massachusetts Supreme Court is yet more confirmation that the foreclosure scandal will have serious repercussions for the banks. Why is this case important? First read some background on the case from the FT's Tracy... Continue reading

12. The Audit

    The Wall Street Journal Plays Stenographer to Chris Christie

    January 10, 2011 01:43 PM

    Is this a news story in The Wall Street Journal or a press release from the Office of the Governor of New Jersey? You make the call: Gov. Chris Christie took New Jersey by storm in his first year as... Continue reading

13. The Audit

    Audit Notes: Pension Woes, Inequality, Another Ratings Fiasco

    January 7, 2011 07:42 PM

    Yves Smith takes on the media's reporting on state pension woes: "If you live in the world according to the mainstream media, the row between state executives and unions is all about (by implication) greedy unions trying to preserve... Continue reading

14. The Audit

    Daley Latest in a Long Line of Business-Friendly Obama Picks

    January 7, 2011 11:43 AM

    The press is calling President Obama's appointment of JPMorgan Chase's William Daley as his new chief of staff a conciliatory move toward business, a step toward "peace with business"—a "truce." And so it is, I suppose. But what... Continue reading

15. The Audit

    Audit Notes: Goldman’s Sophisticated Investors, Abacus Emails, Deindustrialization

    January 6, 2011 10:14 PM

    The New York Times gets an interesting scoop on the Goldman Sachs deal for a stake in Facebook—one that values it at a bubblicious 100 to 125 times trailing earnings. Andrew Ross Sorkin and Susanne Craig report that... Continue reading

16. The Audit

    ProPublica Shows Merrill Paid Traders to Take Its CDOs

    January 6, 2011 08:25 PM

    I really hate when news organizations drop big stories over the holidays. For one, they have far less chance of making an impact when people are traveling and/or headfirst in the eggnog (for another: CJR shuts down for a glorious... Continue reading

17. The Audit

    Hiltzik Takes on the FCC on the Comcast-NBC Deal

    January 6, 2011 03:53 PM

    John Dunbar has a must-read piece in the current issue of Columbia Journalism Review on why the Comcast-NBC Merger is a bad deal. Go read it. And then go read Michael Hiltzik of the Los Angeles Times, who wrote... Continue reading

18. The Audit

    Audit Notes: Goldman and Facebook, Chainsaws, Hudson on Tax History

    January 5, 2011 08:52 PM

    Francine McKenna sums up the problem with Facebook's Goldman Sachs investment pretty succinctly over at Forbes: Facebook wants the public’s money - and their trust - with none of the disclosure and none of the regulatory scrutiny of a... Continue reading

19. The Audit

    Bloomberg Continues to Hit Corporate Tax Schemes

    January 5, 2011 07:26 PM

    Jesse Drucker of Bloomberg has been doing some excellent reporting of the corporate-tax system and how companies are manipulating it to avoid billions in taxes. Over the holidays, Bloomberg ran another Drucker piece reporting how corporations dodge—and... Continue reading

20. The Audit

    WSJ Keeps an Eye on Bank Fees

    January 5, 2011 01:48 PM

    The Wall Street Journal does a good job today on how banks are plotting new fees to get around the clampdown on their old ones, which included abuses like the overdraft racket and interchange-fee gouging that made them... Continue reading

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