Author Archive
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The Audit
The Mercury News’s Thinly Sourced Apple Scooplet
September 15, 2010 04:23 PMI've criticized press coverage of Apple quite a bit. But I have to acknowledge something: The company's NSA-like secrecy makes it a bear to cover, and readers really want to read about Apple (me, too!). Those... Continue reading
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The Audit
WSJ’s Welfare State Story Lacks Context
September 15, 2010 12:33 PMThe Wall Street Journal has a poorly done front-page story this morning trying to make the case that the U.S. has become a welfare state. As evidence, the paper points to the percentage of households where a member receives... Continue reading
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The Audit
Audit Notes: Sorkin, Stone, and Schwarzman; WSJ Mag; Bloomberg on the VA
September 14, 2010 07:29 PMAndrew Ross Sorkin has a fun column in The New York Times this morning: An interview with Oliver Stone about Wall Street greed—at the Four Seasons! While Mr. Stone clearly has his own feelings about Wall Street, he... Continue reading
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The Audit
Freeland Tells Obama to Lay Off Big Business
September 14, 2010 01:39 PMReuters global editor at large Chrystia Freeland had an unfortunate column a few days ago in the Washington Post telling the president to play nice with Wall Street. It's the second time that Freeland has come to... Continue reading
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The Audit
Starkman on the Hamster Wheel
September 14, 2010 11:55 AMAudit Chief Dean Starkman has the cover piece in the new issue of CJR looking at what he calls "The Hamster Wheel"—the digital-age downsized newsroom's push to squeeze more and more from less and less. What is the Hamster... Continue reading
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The Audit
Audit Notes: D’Souza and Forbes Edition
September 13, 2010 05:16 PMCNBC's Dennis Kneale takes issue with my description of Dinesh D'Souza's Forbes cover story on "How Obama Thinks" as "the worst kind of smear journalism." Kneale says on Twitter: that wasn't "journalism" dude that was "opinion"---and rather... Continue reading
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The Audit
Forbes’ Shameful Piece on Obama as the “Other”
September 13, 2010 01:05 PMSo it's come to this: Forbes cover story on "How Obama Thinks" is a gross piece of innuendo—a fact-twisting, error-laden piece of paranoia. This is the worst kind of smear journalism—a singularly disgusting work. Forbes for some reason... Continue reading
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The Audit
Audit Notes: HAMPered, FHA Criminals, Student Loan Racket
September 10, 2010 06:07 PMDavid Lazarus of the Los Angeles Times finds a couple booted out of their home by Wells Fargo, which had just told them it wouldn't do such a thing. But a few days later Wells did, having sold the... Continue reading
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The Audit
The Slow SEC
September 10, 2010 01:04 PMThe Wall Street Journal reports today that the SEC is focusing on Lehman Brothers' $50 billion Repo 105 accounting trick in its investigation into wrongdoing at the bankrupt firm. Gee, we're glad to hear the Wall Street coppers can... Continue reading
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The Audit
The Bear Up There
September 10, 2010 11:31 AMHow about a break from all that bearish financial news? My pal Josh sends me this link and says, "it’s been a long damn time since I’ve seen lede art any better than this." Indeed. Check out this photo... Continue reading
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The Audit
Audit Notes: Out-of-State Campaign Dough, Expensive Bonds, Apple
September 9, 2010 07:40 PMCalifornia Watch reports that big out-of-state polluters, including Koch Industries, are pouring millions of dollars into the campaign to overturn the state's climate-change law. ...the Texas-based Tesoro Corporation contributed $1 million on top of the more than $500,000 already... Continue reading
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The Audit
Bloomberg Scoop: Rubin and Prince Knew
September 9, 2010 01:53 PMBloomberg gets a nice scoop that Robert Rubin and Chuck Prince knew about Citigroup's subprime losses while the company's CFO and investor-relations guy were concealing them from investors in 2007. But the SEC decided to fine the two a... Continue reading
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The Audit
The News Corp. Coverup
September 8, 2010 04:00 PMNews Corp.'s behavior in the UK hacking scandal has all the hallmarks of a coverup. We've got the scapegoat (Clive Goodman), the pro forma internal investigation saying the problem was contained to said scapegoat, the scramble to hide or destroy... Continue reading
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The Audit
A Different Angle on Sports Subsidies
September 8, 2010 11:20 AMThe New York Times fronts an excellent story this morning that ought to put another nail in the coffin of the publicly financed sports stadium. Ought to but won't, of course, as long as owners can blackmail cities with... Continue reading
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The Audit
Audit Notes: News Corp. Scandal, HSBC Hire, Dodd-Frank Repo
September 7, 2010 08:18 PMThe News of the World scandal, back in the spotlight thanks to The New York Times Magazine, continues to grow. The Guardian reports that former Home Secretary Alan Johnson is now all but accusing Scotland Yard of... Continue reading
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The Audit
NYT Pushes BP’s PR Line on Its Ability to Pay
September 7, 2010 06:23 PMI defended The New York Times this morning. Let me lay into it a little bit this afternoon. On Friday, the paper led its front page with a credulous story headlined "BP Says Limits on Drilling Imperil Spill... Continue reading
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The Audit
Michael Wolff’s High Cynicism
September 7, 2010 12:37 PMThe Times drops this amazing story last week digging into how a Rupert Murdoch tabloid illegally hacked telephones, including those of the royal family. We praised it here. Go read it if you haven't yet—it's well worth your... Continue reading
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The Audit
A Fortune Look at Arizona’s Private Prisons
September 3, 2010 12:03 PMA tip of the hat to this Fortune story from a couple of weeks back highlighting the prison-industrial complex in Arizona, which has tried to privatize all the state's prisons (emphasis mine): According to research firm IBISWorld USA, private... Continue reading
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The Audit
Murdoch Could Learn a Thing or Two from WSJ.com
September 3, 2010 10:15 AMChris Roush has a brief interview posted with Alan Murray, who heads up The Wall Street Journal's digital operations, including WSJ.com. I've long been a fan of the Journal's leaky paywall approach. They've got pay figured out... Continue reading
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The Audit
Audit Notes: The Swells at CNBC, Quote Stuffing, Austerity for Thee
September 2, 2010 08:32 PMBarry Ritholtz lays into CNBC this morning for one of those decidedly numbskulled views of the world so many of its journalists seem to have. In this case, they were going on about how awesome layoffs are. Three years... Continue reading
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