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Columbia Journalism Review content tagged euro crisis

1. November 29, 2010 11:16 AM

   NYT on the Irish Mess

   A private-sector crisis turned into the people's problem by politicians.

   By Ryan Chittum

   This New York Times lede from Friday is terrific, conveying as it does the Bizarro world of the Irish bailout: Cut Ireland’s minimum wage? Check. Collect more in property taxes from beleaguered homeowners? Check. Raise the corporate tax rate, which could plug the gaping hole in Ireland’s tattered balance sheets even faster? Well, no. It leads into a nice overview...

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2. January 19, 2011 10:12 AM

   Adventures in Markets Reporting

   By Felix Salmon

   European stocks went up today, and European bonds went down. That happens, sometimes. But there was lots of news floating around about a possible eurozone rescue fund, which resulted in stock-market reports saying that stocks went up "as euro zone finance ministers inched towards improving a rescue fund", while the bond-market reports said that bonds fell "after the Dutch finance...

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3. June 20, 2012 01:55 AM

   Audit Notes: Echoes of the 1930s, gilded bubble, access journalism

   As Greece crumbles, extremism and violence rises

   By Ryan Chittum

   On the echoes of the 1930s tip, the University of Athens's Aristides Hatzis writes in the Financial Times: Despite the narrow victory of a centrist party in Sunday’s vote, almost every day extremist violence breaks out in Athens and beyond. Neo-nazis against immigrants, anarchists and leftists. Anarchists, ultra-leftists and other fringe groups of the nationalist-populist camp against riot police, mainstream...

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4. June 28, 2012 11:56 PM

   Audit Notes: Euro dissolution risk, Reuters tailed, Exxon and the press

   By Ryan Chittum

   Simon Johnson, who has warned loudly for years about the critical danger posed by too-big-to-fail banks, as well as their chokehold on the government and the economy, writes at Bloomberg View that the U.S. financial system isn't prepared to withstand a breakup of the euro: Very few people seem to have gotten their heads around dissolution risk. Here’s what it...

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5. April 18, 2012 02:21 AM

   Audit Notes: French Capital, French Economists, Hulu’s Paywall

   By Ryan Chittum

   Bloomberg's Mark Whitehouse is good to report that as the Eurocrisis flares again, with Spain in the spotlight now, investors have been creeping out of France for months: As of February, the debts of the Bank of France to other central banks in the euro area stood at about 96.3 billion euros, up from 7.4 billion euros in July 2011...

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6. December 9, 2011 03:09 PM

   Audit Notes: Nobody’s Guilty In SEC Deals, Swipe Fees, Euromess

   By Ryan Chittum

   The New York Times makes a good catch on the disparities in a Justice Department settlement with Wachovia and an SEC settlement with the same bank. Justice and the SEC teamed up to ding Wachovia for bid-rigging the municipal bond market—taking money from taxpayers making it more expensive for cities and states to borrow money. Here's Edward Wyatt: The settlements...

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7. August 4, 2011 08:03 PM

   Audit Notes: Panic in the Markets

   By Ryan Chittum

   The Dow Jones Industrial Average plunged 512 points today, some 4.3 percent, as panic takes hold in global markets. The 10-year Treasury bond's yield tumbled to 2.46 percent, signaling the bond vigilantes long warned about by folks like the Wall Street Journal editorial page are being utterly routed. Gillian Tett writes in the Financial Times that the crisis in Europe...

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8. May 12, 2011 08:35 PM

   Audit Notes: Slick Politics, Greece’s Red Flag, What Caused Oil’s Tumble?

   By Ryan Chittum

   I noted a Huffington Post story the other day reporting that removing drilling bans wouldn't really affect the price of gas in the U.S. So it's also worth noting, as ProPublica does today, that removing the $4 billion tax subsidies for oil companies wouldn't affect gas prices much, either. “The impact would be extremely small,” said Stephen Brown, a professor...

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9. July 3, 2012 01:32 AM

   Audit Notes: Spain’s Dilemma, Brits’ outrage on Libor, Audit Radio

   Martin Wolf on how the country's woes show the roots of the euro crisis

   By Ryan Chittum

   Martin Wolf of the Financial Times has an excellent blog post pointing out how wrong Germany and Co. are about how government profligacy and the welfare state are at the heart of the euro crisis. Certainly those are a big factor in Greece, but Spain's government was a model of financial rectitude before the financial crisis began when it was...

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10. November 10, 2011 01:24 AM

    Audit Notes: The Euro Crisis’s 1930s Parallels, Taibbi on Bloomberg

    By Ryan Chittum

    The eurozone crisis is now at its worst point with Italy's interest rates at unsustainable rates and quite possibly past the point of no return. Berkeley economist Brad DeLong says radical measures are required to stave off a second Great Depression: I have been complaining for some time now that Reinhart and Rogoff think that the time is always 1931...

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11. June 18, 2012 06:50 AM

    Audit Notes: Very profitable staff cuts; Dimon’s crisis bet; Obama and trade

    Time Inc. squeezes Sports Illustrated for more money

    By Ryan Chittum

    Bloomberg's Edmund Lee gets a great quote from the editor of Time Incorporated's Sports Group, Terry McDonell, on why Sports Illustrated is reducing its staff of reporters and editors via buyouts: “Everything is about money eventually and being more efficient,” he said. Although Sports Illustrated, which has 210 editorial employees, is “very profitable,” the reductions will allow the magazine to...

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12. October 2, 2012 06:50 AM

    Audit Notes: wincing with WSJ, Golden Dawn, energy-market manipulation

    Treasury candidates and Journal art

    By Ryan Chittum

    The Wall Street Journal reports that President Obama is trying to fire up the base with trial balloons on who will be his post-Geithner Treasury Secretary: Former Citigroup exec Jacob Lew and Erskine Bowles of Simpson-Bowles. I kid about the base, but not about the reported Treasury candidates. More important: What's up with the WSJ's picture choices for Romney's possible...

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13. June 19, 2012 11:31 AM

    Stories I’d like to see

    Votes and dollar signs, cancer cure-rate claims, present at the euro’s creation

    By Steven Brill

    In his weekly “Stories I’d like to see” column, journalist and entrepreneur Steven Brill spotlights topics that, in his opinion, have received insufficient media attention. This article was originally published on Reuters.com. 1. Pinning the $ on the politicians: Much of the press covering the testimony of Jamie Dimon, JPMorgan’s CEO, before the Senate Committee on Banking, Housing and Urban...

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