Thursday, July 24, 2014. Last Update: Wed 3:17 PM EST

The Audit

The SEC Slaps Citi for Concealing $43 Billion in Toxic Assets

So Citigroup misleads investors in 2007 about tens of billions of dollars of subprime assets it would eventually take huge... More

WSJ Buries Wylys Story, Ignores GOP Angle

The SEC is charging the billionaire Wyly brothers with a massive fraud involving $550 million in ill-gotten gains from a... More

It’s All About Us

WaPo’s Story Lab experiment fizzles

It seemed like a questionable allocation of resources when The Washington Post dispatched seven reporters to local coffeehouses one day... More

Audit Notes: Obama, Labor Buster; BP Board’s Blame; Google Pollution

The Washington Post had a good story last week looking at the striking disparities between autoworkers who were on the... More

BP Defines Deviancy Down

The national press is slow off the mark on the huge oil spill in Michigan

The national press stuffs a big story today on a massive new oil spill in the Kalamazoo River. Size, of... More

WSJ Looks at the Overdraft Bottom Feeders

The Wall Street Journal is terrific this morning to throw the spotlight on the seedy cottage industry that feeds off... More

Audit Notes: Moody’s Market, Revolving Door, Tables Turned on Zuck

Kevin Hall of McClatchy has a great scoop on Moody's CEO's suspiciously timed stock sales. In one case, CEO Ray... More

Yglesias and McArdle Miss on Interchange Fees

Matt Yglesias is defending the interchange industry, which transfers money from the poor to the rich—all through hidden fees. Once... More

Apple’s Controlling Instincts Hit Time and SI

The Wall Street Journal's approach to charging the iPad has been the smartest of any of the media. The Journal... More

NYT Goes to the Numbers

Economists’ analysis brings welcome data to stimulus debate

The New York Times has a good early look at something that’s much in demand—an analysis of where the economy... More

Audit Notes: GE Corruption, Poor Subsidizing the Rich, Takedown

Footnoted's Theo Francis spotlights an eye-raising settlement by GE, which essentially confessed to bribing foreign officials (in Iraq, no less)... More

Seven Top-Paid CEOs Lost Shareholders’ Money in the 2000s

The Wall Street Journal runs the numbers on the Top 25 Highest Paid CEOs of the Decade and they are,... More

WSJ’s Stimulus-Debate Story is Debatable

A page-one piece says economists question whether stimulus makes things worse but can’t find any who actually do

The Wall Street Journal goes big with a story on the debate over stimulus spending. But the piece doesn’t deliver... More

Reuters Gets a Wall Street Take on Warren

What would it sound like on Wall Street if we got a regulator like, say, Elizabeth Warren, who is resolutely... More

Audit Notes: Angelides; Goldman Sachs; Broke, Fat, and Stoned

In non-polo news, the Financial Times scooped this morning that the Financial Crisis Inquiry (aka Angelides) Commission is threatening to... More

How Forbes got to $475 million - That’s what a Hong Kong investor has agreed to pay for a firm that two years ago had trouble paying its rent

Are female journalists up to the job of a Jill Abramson interview? - Reporters avoid unflattering discussion about her firing

How to check if that viral video is true - Journalists don’t always verify user-generated content, so readers need to learn how to verify what they see online

The Grand Dame of Florida reporting has retired twice, but she’s still causing trouble - A conversation with the Tampa Bay Times’ Lucy Morgan

Brick by brick - After years of shrinking ambition at The Washington Post, Jeff Bezos has the paper thinking global domination


Insufferable parenthetical asides, ranked (The Hairpin)

18. (strictly for the mise-en-scene)

You are now entering the demented kingdom of William T. Vollmann (TNR)

“Franzen tells a hilarious story of being a young writer in New York, meeting Vollmann, becoming fast friends, and inaugurating a draft swap. A while later, they exchanged work. Franzen gave Vollmann a dozen chiseled pages. Vollmann gave Franzen an entire novel.”

39 pieces of advice for journalists and writers of color (BuzzFeed)

“Make yourself indispensable. Dispel any rumors, however quiet, that you are just there for a ‘quota’”

Bloggingheads

Greg Marx discusses democracy and news with Tom Rosenstiel of the American Press Institute

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