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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   The $1 BusinessWeek Story

   July 21, 2009 03:32 PM

   We haven't weighed in on BusinessWeek since news emerged that McGraw-Hill is seeking to unload the magazine. But I read this Time story this morning that I thought illustrated a number of problems with the press coverage of this... Continue reading

2. The Audit

   NYT: Where’s Obama’s Manufacturing Plan?

   July 21, 2009 08:48 AM

   The New York Times is good this morning to point out that the Obama administration doesn't have a plan for a critical apart of the economy: manufacturing. Of course, manufacturing industry has been gutted in this country over the... Continue reading

3. The Audit

   Getting the New Journal (Mostly) Right

   July 20, 2009 03:43 PM

   Mark Potts has a good post at his Recovering Journalist site on The Wall Street Journal under Murdoch. Which is nice, especially since he's coming off a post that wrongly argues that newspapers don't "provide value" and thus... Continue reading

4. The Audit

   The WSJ Spotlights Working Class Woes

   July 20, 2009 09:55 AM

   The Wall Street Journal puts the woes of the working class front and center (on page one) today, using the devastating crash in Las Vegas to tell the story. In illustrating how one of the few bright spots for... Continue reading

5. The Audit

   The Deal’s Audit Gotcha

   July 18, 2009 05:19 PM

   Anyone who's read half an Audit post would find it laughable to think that we bow down to Wall Street. But Yvette Kantrow, executive editor of a trade magazine called The Deal, isn't laughing. She's written an innuendo-laden piece... Continue reading

6. The Audit

   The Daily Show Gets Jim Cramer Again (and Bernie Goldberg)

   July 17, 2009 01:13 PM

   If you haven't seen Jon Stewart's evisceration of former-baseball-star-turned-investment-guru-turned-bankrupt Lenny Dykstra, as well as some of his fawning admirers in the press, take a few minutes to watch a classic. Continue reading

7. The Audit

   Ugly Numbers on Toxic-Asset Prices Signal More Trouble

   July 16, 2009 04:26 PM

   I've long called for more reporting on a critical question in the financial crisis: how much the toxic assets clogging up banks' balance sheets are actually worth—and have been mostly disappointed in how little there's been. Now to... Continue reading

8. The Audit

   NYT’s Ben Stein Hawks Misleading Credit Score Site

   July 16, 2009 01:47 PM

   Felix Salmon is right: What's a New York Times business columnist doing in an ad for a company that uses misleading tactics to lure customers into a "free" service that actually costs money? More to the point: What's a... Continue reading

9. The Audit

   Fortune Looks at Automated Trading After a Code Theft

   July 16, 2009 09:51 AM

   It's been a week and a half since news broke of the computer-code theft at Goldman Sachs threw the automated-trading business out of its preferred shadows. Fortune's William D. Cohan is one of the first reporters I've seen with... Continue reading

10. The Audit

    Goldman Sachs to the Forefront

    July 15, 2009 07:12 PM

    The Goldman Sachs story is just getting bigger, and I get the sense it may be AIG time for Goldie. I don't mean AIG in the sense of a stupid company gobbling up all the risk on Wall Street for... Continue reading

11. The Audit

    Bloomberg Gets a Scoop on a Too Big to Fail Tax

    July 15, 2009 04:07 PM

    Bloomberg reports today that the Obama administration—or at least parts of it—are planning to levy fees on giant financial institutions to encourage them to slim down. It interviewed Sheila Bair, the FDIC chairwoman, who gave it some big news... Continue reading

12. The Audit

    The Times on the Real Unemployment Crisis

    July 15, 2009 09:44 AM

    The New York Times David Leonhardt this morning shines a spotlight on the real conditions in the labor markets—ones that are obscured by the traditional unemployment rate, a measure that doesn't come close to capturing the true... Continue reading

13. The Audit

    Audit Interview: James L. Bothwell

    July 14, 2009 12:54 PM

    A few months back, The Audit's Elinore Longobardi took a a long look at how the press failed in its coverage of a 1994 report on derivatives regulation from the Government Accountability Office, the nonpartisan investigative arm of Congress.... Continue reading

14. The Audit

    Time Gets the Stimulus Wrong

    July 14, 2009 11:59 AM

    I wrote yesterday that The Wall Street Journal had been too accommodating of White House spin on stimulus spending. Today, Time goes too far the other way. The magazine reports in its headline: "Obama's Stimulus Plan: Failing By... Continue reading

15. The Audit

    Obama Spins New Stimulus Spending Line into the WSJ

    July 13, 2009 01:53 PM

    The Journal this morning regurgitates some abject spin from the White House on the economy. It's clearly part of a PR offensive by the Obama administration to regain some ground after recent criticisms that his ginormous stimulus plan isn't... Continue reading

16. The Audit

    Journal: Option ARMs Doing Worse than Subprime

    July 13, 2009 09:35 AM

    The Journal has an interesting little news story this morning on option adjustable-rate mortgages, reporting that these time bombs now have worse foreclosure and delinquency rates than subprime mortgages. The Audit has been on the lookout for... Continue reading

17. The Audit

    Bloomberg’s Weil Asks the Right Questions on Goldman

    July 10, 2009 04:50 PM

    Jonathan Weil zeroes in on the incredible statement by the prosecutor in the Goldman Sachs code-theft case that if Goldman's program falls in the wrong hands it could allow them to "manipulate markets in unfair ways." I pointed this... Continue reading

18. The Audit

    Slate Takes on the Prosperity Gospel Peddlers

    July 10, 2009 02:43 PM

    Slate is good to take a fresh look, in the second year of the financial crisis, at the "Prosperity Gospel," the movement in evangelical Christianity that preaches that Jesus wants you to be rich—odd since it supposedly comes from... Continue reading

19. The Audit

    NYT’s Norris Lets Beazer and Justice Have It

    July 10, 2009 09:43 AM

    Floyd Norris has a tough column this morning on Beazer Homes and the government letting it off the hook for its crimes with what's effectively a slap on the wrist. Here's the excellent lede, which, uh, doesn't exactly beat... Continue reading

20. The Audit

    CNBC’s Santelli and the $1,300 YOU Can Get Rich Trading! Seminar

    July 9, 2009 03:30 PM

    I had to do a double-take when I saw CNBC's Rick Santelli on a Web site hawking a $1,300 "how to get rich trading" seminar. Here's the lede of the marketing copy for "LIVN Live Trading Seminar": Dear Trader: I... Continue reading

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