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Columbia Journalism Review content tagged Bloomberg

1. December 11, 2010 09:22 AM

   BusinessWeek Takes Road Already Traveled For Larry Fink Profile

   By Felix Salmon

   Paul Kedrosky loves playing around with word clouds, and generated this one from the new Bloomberg Businessweek profile of Larry Fink. It's cute, as Paul notes, that Goldman and government seem to intersect. But it's also interesting to see how prominent Goldman Sachs is -- it's the only bank in the cloud. That made me want to read the profile,...

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2. June 13, 2011 03:46 PM

   A Broken Lede

   The government isn’t “broke.” Reporters should stop saying it is.

   By Greg Marx

   The Associated Press has an important story today about the fairly horrifying condition of many state budgets. On its site, Politico has a rewrite of the AP story. That’s a good thing: the fiscal retrenchment that’s going to result from steep state deficits seems likely to be a big, bad deal for the economy over the next couple years, and...

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3. July 20, 2012 12:57 AM

   Audit Notes: Bloomberg on Libor, “can’t find workers” in the WSJ

   At least 34 traders are under investigation in the widening scandal

   By Ryan Chittum

   Bloomberg names names in the Libor investigation, reporting that at least 34 traders from more than a dozen banks are being examined: Regulators are examining the possible roles of Michael Zrihen at Credit Agricole, Didier Sander at HSBC and Christian Bittar at Deutsche Bank, said the person, who asked not to be identified because the probe is continuing. Investigators are...

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4. December 16, 2010 08:10 PM

   Audit Notes: Deal Scoops; Gasparino on the Economy, Bloomberg Editorials

   By Ryan Chittum

   Deal journalism isn't our bag here, but this New York Observer story is worth noting all the same. It's interesting to quantify how dominant The Wall Street Journal still is in the field, especially with all the press Andrew Ross Sorkin's DealBook gets. Of the fifty biggest deals this year, the Journal has been first on fourteen to The New...

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5. November 12, 2010 03:29 PM

   Audit Notes: Free Trade “Hit,” Taxing Wall Street, Bruce Karatz v. Tron Carter

   By Ryan Chittum

   One thing the financial press doesn't much pretend to be neutral about is "free trade." They love that stuff. See for instance, this Wall Street Journal headline this morning: U.S. Hit By Trade Setback See, some of us—most of us!—don't think the U.S. got "hit" by any "setback" by not making a free-trade pact with South Korea. We always seem...

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6. November 2, 2010 06:30 PM

   Audit Notes: Jamie’s WaMu Dud, Sloan on Foreclosuregate, Sorkin

   By Ryan Chittum

   Bloomberg Bloomberg Markets takes a long look at the troubles facing JPMorgan Chase, the latest of which is that Jamie Dimon's bank is under investigation by the SEC in connection with a Magnetar deal. But how about that Washington Mutual deal: JPMorgan is now saddled with $74.8 billion in nonperforming home loans inherited from WaMu, a third of the $230.7...

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7. May 8, 2012 12:55 AM

   Audit notes: News Corp.’s board, Lehman’s hubris, Awards and Slideshows

   David Carr eyes Rupert Murdoch's crony-filled board of directors

   By Ryan Chittum

   David Carr takes a look at the News Corporation board of directors, which is as stacked with the CEO's cronies as any board out there—and that's saying something: Like many media companies (including the one I work for), News Corporation has a two-tiered stock setup that gives the family control of the voting shares. The current board includes family members...

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8. November 16, 2010 08:02 PM

   Audit Notes: ProPub vs. BofA, Wall Street in the White House, Short-Armed

   By Ryan Chittum

   I love to see the press just flat-out say somebody's full of it. ProPublica's Karen Weise does that today, calling out a Bank of America executive for testifying before Congress that it can't modify more mortgages because investors won't let it (it's worth noting that The New York Times this morning parroted the BofA line): Desoer’s testimony echoes what homeowners...

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9. December 21, 2010 06:45 PM

   Audit Notes: The Bloomberg Way, Conflicts in Congress, Apple and Wikileakspedia

   By Ryan Chittum

   One of the knocks on Bloomberg News is that the place is a bit, well, cultish. This quote doesn't help matters. We noticed the other day top dog Matt Winkler getting a little weird channeling Mayor Mike's views for the new Bloomberg View editorials. Jeff Bercovici of Forbes talked to Winkler recently about Bloomberg View and got this stuff (emphasis...

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10. January 5, 2011 07:26 PM

    Bloomberg Continues to Hit Corporate Tax Schemes

    By Ryan Chittum

    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 that's Bloomberg's word there—about $25 billion a year in repatriation taxes. The news hook is that corporate executives like Cisco billionaire John Chambers...

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11. May 24, 2011 10:54 AM

    Bloomberg Digs on Secret Money

    A report on unreported election spending

    By Liz Cox Barrett

    A tip of the hat to Bloomberg for a recent quadruple-bylined story on the growing role of outside spending—much of it anonymous dollars—in federal elections. Noting that the “restocking of the outside-money war chests for the presidential election has already begun," (not to mention the opening of new war chests) Bloomberg looks back at how some such money flowed in...

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12. December 13, 2010 07:04 PM

    Bloomberg Poll: Stick It to Wall Street

    By Ryan Chittum

    Bloomberg News got some stunning numbers polling Americans on whether big bonuses should be banned at Wall Street's bailout recipients, which essentially means all of the Wall Street banks. A whopping 71 percent say they should be banned outright, and another 17 percent say they should be taxed an additional 50 percent. In other words, 88 percent say Wall Street...

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13. February 24, 2011 05:00 PM

    Bloomberg Reveals Citi’s Deceptive Reporting

    By Felix Salmon

    On February 14, 2008, John Lyons, the examiner in charge of large bank supervision at the OCC, sent Citigroup and its auditors a scorcher of a valentine. In a nutshell, it said that Citigroup had no idea what it owned and had no idea how to value it. "Risk management had insufficient authority," it said. The board "had no effective...

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14. March 21, 2011 07:41 PM

    Good Consolidation Coverage for a Change on AT&T Deal

    The business press is skeptical of creating a duopoly in cell phone service

    By Ryan Chittum

    Fortune's Seth Weintraub pulls a four-year-old Stephen Colbert clip that's as good a place as any to kick off a discussion of AT&T's proposed $39 billion deal for T-Mobile. Colbert's punchline is that the country's antitrust efforts, which broke up AT&T in the early 1980s, have come full circle with AT&T monopoly on cellphones. That was a bit of a...

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15. December 2, 2010 07:19 PM

    Inured to “Trillions”

    Take a step back on the Federal Reserve bailout story

    By Ryan Chittum

    The Federal Reserve is forced by Congress to reveal who it secretly bailed out with trillions of dollars in loans. Yesterday it releases the documents, which reveal that: — Foreign banks were the biggest recipients of the Term Auction Facility and Term Securities Lending Facility bailout loans numbering in the trillions of dollars — The Fed took on more than...

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16. May 17, 2011 02:37 PM

    Lowenstein Lets Wall Street Off the Hook

    Not so fast.

    By Ryan Chittum

    Roger Lowenstein has a big piece out in Bloomberg BusinessWeek, an apology for Wall Street—duly celebrated by The New York Times's Andrew Ross Sorkin on Twitter as "courageous" and "probably right"—arguing "Wall Street: Not Guilty."

 What's with our elite financial journalists? 

Problem is, this piece is based on a straw man: that fire-breathing critics of Wall Street like Taibbi and,...

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17. February 16, 2012 01:00 PM

    Q&A: Eric Roston, Bloomberg’s sustainability editor

    A new section tracks businesses’ response to the global “resource crunch”

    By Curtis Brainard

    At the end of November, Bloomberg News launched a Sustainability section “to uncover what businesses are doing, or what they need to be doing, to thrive as global competition intensifies for strategic resources.” Under the direction of editor Eric Roston (@eroston) and deputy editor Tom Randall (@tsrandall), the page features stories about energy, policy, natural resources, health & population,...

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18. December 13, 2010 04:57 PM

    Remember When No Meant No

    The Bloomberg-denies-running story industry

    By Joel Meares

    We get it media: you want New York City Mayor Michael Bloomberg to run for president. We can’t blame you. It would be exciting—he has money, he’s popular, he’s doing what some consider a bang-up job in post-Rudy NYC, and he’d probably try for a third term. But he’s told you several times before he’s not interested. So why do...

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19. November 16, 2010 05:03 PM

    Reporting Commodity Price Swings

    Stories often lead readers to believe inflationary impact is greater than it really is

    By Ryan Chittum

    Bloomberg shouts this headline today about commodity prices going up: Gap, Wal-Mart Clothing Costs Rise on ‘Terrifying’ Cotton Prices Its lede says the companies "may" have to pay 30 percent more for clothing because of the soaring prices. I think that may lead many readers to see signs of rampant inflation everywhere, especially in the days after the Fed said...

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20. October 2, 2012 07:50 AM

    Romney’s gift to reporters

    A Bloomberg investigation details yet another aspect of the candidate's tax avoidance

    By Ryan Chittum

    The decision by Republicans to run a super-wealthy former financier for president four years into a serious economic downturn triggered by a financial crisis was a contrarian political move, to put it mildly, and it has had unwelcome consequences for some of the party's core constituencies. Mitt Romney's presidential star turn has put the private equity industry in an uncomfortable...

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