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October 20, 2011 02:53 PM
NYT Paywall to Other Papers: “Copy Me!”
There's no excuse for other publishers not to follow the Times's model
If The New York Times spun off its digital edition, it would be the tenth biggest paper in the country by circulation, with more paying readers than the Chicago Sun-Times and just behind the Chicago Tribune in circ. With its third quarter results out this morning, the Times further solidifies the case for its paywall strategy, which has brought it...
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November 26, 2012 10:00 AM
The Washington Post needs a paywall—now
A strategic error needs to be reversed, stat
The not-so-gentle ejection of Marcus Brauchli from the top editor’s chair at The Washington Post has cast a bright spotlight now on senior leadership, including his boss, Katharine Weymouth, the newspaper’s publisher, who pushed him aside, and her uncle, Donald Graham, chairman of the parent company’s board. That the editorial change was awkwardly implemented is one thing. But much...
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March 22, 2011 02:59 PM
WaPo and Times Go Softly, Softly with Barbour
Similar profiles tell similar tales
Pity poor Tim Pawlenty. The day after the former Minnesota governor made a shallow splash announcing his presidential exploratory committee, rival Haley Barbour picked up some very enviable real estate in the east coast’s political big two: The New York Times and The Washington Post. In what’s something of a coup for Barbour—whose name recognition beyond Mississippi is probably...
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May 24, 2011 02:12 PM
WaPo Pulls Up Short On Trade and Tariffs
The Washington Post looks at what happens when the U.S. actually fights low-priced Chinese imports with tariffs: The factories move to Vietnam. It's an interesting angle for a story, but as with the paper's story last week on manufacturing jobs returning to the U.S., I wanted more. Six years ago, the Commerce Department imposed tariffs of 7 percent and up...
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May 18, 2011 12:25 PM
WaPo Short-Arms a Promising Piece on Factory Jobs
The Washington Post gives us an interesting but blurry snapshot of the economy, looking at how the news about manufacturing, which is one of the few sources of real growth, isn't necessarily all that good. This is the dominant story on page one—welcome placement for such a piece—but it really could have used a few more days of reporting. The...
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June 8, 2011 02:39 PM
WaPo Shows Geithner Pushed Austerity
A profile reports the Treasury secretary steered Obama away from jobs focus
You can sense a surge in criticism of the Obama administration coming, both from within and from former members of Obama's economic team—something not unexpected as the rats see the ship start to sink again. Here's a speech Christina Romer gave recently that's on the leading edge here: 'Like the Federal Reserve, the Administration and Congress should have done more...
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November 8, 2011 11:05 AM
WaPo’s Misleading Social Security Piece
Article doesn’t come close to telling the whole story
By now we’re aware that The Washington Post supports serious changes in Social Security. In fact, the paper editorialized Friday that the word “thuggish” comes to mind when discussing ads from the AARP opposing Social Security cuts. “The crunch time for the congressional super committee has arrived, and with it comes a new round of self-centered, shortsighted intransigence on the...
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November 9, 2010 09:58 AM
WaPo: OCC Had the Banks’ Back on Foreclosures
Comptroller John Dugan rejected requests from states to investigate
This Washington Post story yesterday didn't get as much attention as it ought to have. Zachary Goldfarb reports on yet another breakdown in financial regulation at the federal level—one that's all the worse because state regulators were pushing for action and got told to butt out. In this instance it was state regulators pushing the Office of the Comptroller of...
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November 10, 2010 03:32 PM
A Times Story Bodes Ill for the Washington Post
An investigation shows how Kaplan used predatory tactics to get students and government money
The for-profit college business just looks worse and worse, and a New York Times investigation this morning paints a disturbing picture of what's going on at The Washington Post Company's cash cow, Kaplan. The Times relies on four whistleblower suits filed by ex-employees, but it backs them up with interviews with dozens of current and former Kaplan workers, as well...
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March 9, 2012 07:58 PM
A Dim-Bulb Story From the Washington Post
New Mexico Senator Jeff Bingaman's office this afternoon sent out a press release hammering the Washington Post's page-one story on the high cost of the LED light bulb that just won a government prize. Bingaman's right. First, the Post doesn't take into account the savings consumers can expect from an LED bulb over its lifetime compared to using incandescents. Second,...
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December 16, 2010 10:34 AM
A Midsummer Donation Spike, With Context
Reports from recent campaign finance reports
There is much that can not be found in publicly available federal campaign finance reports: the identities of all the entities and individuals whose funds fueled the surge in third party ad spending this year; or, a true tally of how much, in all, was spent on the midterm election. Still, there are stories to be told from these disclosure...
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January 21, 2011 02:32 PM
A Suspicious Palin Moratorium
So Dana Milbank at The Washington Post is calling for February to be a Sarah Palin-free month. Not in the sense you might initially hope—a month in which Sarah Palin herself stayed holed up in Wasilla and out of the public eye—but by himself not reporting on Palin for the entire month. Writes Milbank: “I pledge to you: Sarah Palin's...
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November 22, 2010 12:51 PM
All But Ignoring the Fed’s Call for More Stimulus
Deficit-obsessed newspapers stuff Bernanke's plea for near-term spending or tax cuts
Last week, Ben Bernanke, Federal Reserve chairman, Republican, Bush appointee, calm technocrat, called for more fiscal stimulus (government spending and/or tax cuts) now to boost a flailing economy. Big story, huh? Not in the press, which will write a slew of above-the-fold stories on the Two Old Guys' Report, but barely takes note when the fusty Federal Reserve chairman says...
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June 10, 2011 03:39 PM
AT&T Buys Nonprofit Support for its Anticompetitive Merger
Politico and the Washington Post follow the money
It ought to raise eyebrows when groups like the NAACP, GLAAD, and the nation's largest teachers union lobby to approve a cellphone company merger. Fortunately it does at Politico, which has a good story looking at how AT&T's monopoly bid is getting public support from nonprofits that have nothing to do with telecom. Well, that last bit's not quite right....
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January 14, 2011 09:09 PM
Audit Notes: Beer Buys Off the ‘Burg?, Apple As Bully, Bank Propaganda
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 a few months ago in Brooklyn, it faced opposition from residents loyal to a local pharmacy. So it decided to include...
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January 5, 2012 08:16 PM
Audit Notes: Citi Fees, A Bipartisan Bloomberg Dream, The Toil Index
Felix Salmon reports on an awful new fee Citigroup has cooked up to milk its customers. The bank will charge you $414 in the first year and $39 a year thereafter to withdraw money from your account biweekly to pay your mortgage, which helps you pay down your note with an extra payment a year. Only, as Felix points out,...
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October 27, 2011 07:47 PM
Audit Notes: Debt Collector Scams, Occupy Oakland Coverage, Jest
The Washington Post reports on two FTC complaints against California debt collector companies, which "highlight an increase in complaints about the debt-collection industry as the economy has soured. Consumers lodged about 140,000 complaints with the FTC about debt collectors last year, more than any other industry, according to federal data." A few weeks ago, the FTC alleged that Rumson, Bolling...
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November 15, 2011 07:24 PM
Audit Notes: Farmland Booms, Regulation and Jobs, Euro Sell-off
The Wall Street Journal reports that farming is making something of a comeback on the edges of metro areas amid collapsing residential land values. This anecote is great: Consider the England family, which recently repurchased 430 acres of cotton fields in Eloy, Ariz. In 2004, the Englands had paid $731,000 for the parcel about 65 miles southeast of Phoenix. The...
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September 2, 2011 07:57 PM
Audit Notes: FHFA Suits, Corporate Taxes, SEC Out of Step
I've just skimmed through some of the Federal Housing Finance Agency's huge lawsuits against seventeen big banks, but it was nice to see a lot of great press work cited. Some examples I noticed: The Miami Herald's excellent Borrowers Betrayed series, a Cleveland Plain Dealer subprime probe, Michael W. Hudson's work on Argent/Ameriquest, The Seattle Times's and New York Times's...
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November 9, 2010 06:11 PM
Audit Notes: Foreclosure Scandal, Gold Still Not a Record, Facebook Ads
The Washington Post drops this eye-raising info from a Long Island judge who's not happy with the banks' actions in the foreclosure scandal: It is not the only case that has big banks worried. Spinner and some of (his) colleagues in the New York City area estimate they are dismissing 20 to 50 percent of foreclosure cases on the basis...
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