Saturday, December 20, 2014. Last Update: Fri 5:42 PM EST

The Audit

The Press Misleads on a Gold “Record”

In real dollars it’s barely half the 1980 price

Yesterday, the Financial Times, the most-sophisticated business newspaper in the world, published this head-slapper: Gold hits fresh record on inflation... More

Pushing Back Against Facebook’s Privacy Practices

The press and others bring needed new scrutiny to the social network

The press has begun an overdue backlash against Facebook, whose privacy invasions have grown increasingly brazen as its user base... More

Audit Notes: ProPublica’s Dead Prez Prospectuses; Citi and Deutsche, Too; Michael Lewis

ProPublica's Marian Wang advances the WSJ's scoop on the Morgan Stanley "Dead Presidents" investigation, publishing prospectuses from Citigroup and UBS—the... More

At the WSJ, A Question of Trust

The real issue in the Kagan softball dustup: The paper has lost credibility in the Murdoch era

"As News Corp. has consolidated its control of the paper they have increasingly come to demand enterprise journalism that serves... More

WSJ: Feds Investigating Morgan Stanley CDOs

Morgan Stanley is under criminal investigation for Abacus-like CDO deals, The Wall Street Journal scoops this morning, showing that the... More

Audit Notes: Post’s Silver Medal, HAMPered, “The Iran Edition”

The New York Post reported this weekend that regulators have criminal and civil investigations underway into possible manipulation of the... More

The FT Stands By Its Moody’s Story, As It Should

This morning I noted that a 2008 Financial Times story led to an SEC investigation of credit-ratings firm Moody's. I... More

WSJ Stretches with Black-Swan Theory of the Crash

A tried and true way to draw readers to your blog is to say something provocative in your headline and... More

Bond Charts Should Be As Good As Stock Charts

Right Now They Just Lie There

The papers are filled with charts illustrating Monday’s big rebound in the stock market. But what we really need these... More

The FT’s 2008 Moody’s Scoop Makes an Impact

Let us now praise the Financial Times for its investigation of Moody's, which has now, at last, resulted in an... More

Audit Notes: “Populism” (Argh), Bush-Era Regulation, Tom Friedman

Yves Smith has a good post on a longtime pet peeve of The Audit: Misuse of the word "populism." The... More

WaPo Does Well on Payday Lenders Pushing for Protection

The Washington Post does a nice job of highlighting just how worried payday lenders and check cashers are about the... More

The HuffPost’s Business Reporting Shows the Site Maturing

Let's get it out of the way up top that I think The Huffington Post is a mess—a schizophrenic, mostly... More

Audit Notes: Facebook Creeps, Apple and Ridicule, CDS Carnage

As Facebook continues to steadily invade its users' privacy, it's been somewhat difficult to convey how exactly this has happened.... More

Good WSJ Probe Shows Oil Regulator’s Capture

The Wall Street Journal has a great investigation on Minerals Management Service, the regulator supposed to oversee oil drilling. The... More

Hey millionaire tech bros: Have patience with the editorial process - Chris Hughes probably wanted to enable great journalism at first. Then the dust settled and before you know it, he’s shaking everything up again

Serial creators don’t know what will happen to Adnan Syed - New developments in his legal case suggest that the outcome is wide open

Price hike at UC Berkeley’s journalism school - Governing body approves additional fee of $7,500 starting 2016

Will Denver really have a newspaper war? - As a billionaire floats reviving the Rocky Mountain News, The Denver Post might buckle its chin strap

FOIA reform dies while the press looked the other way - RIP Improvement Act of 2014


The traffic lure of outrage (Slate)

“I didn’t become a journalist to peddle indignation on Facebook. But it sells—the page views don’t lie.”

NBC news producer’s sons were in the besieged school in Peshawar (NBCnews.com)

“I remained silent and didn’t know what to say — I know how such attacks on schools usually end”

Hero mom calls into CSPAN to berate her arguing pundit sons (WaPo)

“This was not planned. She called in on the normal line.”

Dick Cheney doesn’t want to call it torture but the media doesn’t have to follow (Vox)

“People deserve to know that the American government (proudly!) did things that in any other context are called torture”

Bloggingheads

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

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