Wednesday, April 16, 2014. Last Update: Wed 6:50 AM EST

The Audit

Audit Notes: Net Exposure, Crain’s Chicago Probe, Angelo’s Tumblr

Gillian Tett of the Financial Times shows why banks hedging their European exposure with credit-default swaps aren't necessarily actually hedged.... More

Nonprofit News and the Tax Man

The IRS questions whether journalism startups qualify for tax-exempt status

The future of nonprofit news organizations has hit an unexpected roadblock in the agency that determines their tax-exempt status: The... More

Audit Notes: Fraud Prosecutions Plunge, Robber Barons, Zoning Fight

Here's the chart of the day, from Syracuse's Transactional Records Access Clearinghouse via The New York Times's Catherine Rampell: Prosecutions... More

Reuters On the “Payment Protection” Scam

Plus, an American Banker columnist’s predatory-lending past

Reuters puts the spotlight on the scam that is the multi-billion-dollar credit-card insurance industry, which promises to cover payments if... More

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... More

Confused NYT Coverage of Obama Health Care Law’s Prospects

The New York Times can't make up its mind on what a Supreme Court ruling against Obama health care plan's... More

Bloomberg Gives Newt Another Frannie Headache

Executives contradict Gingrich’s account of his advice

Newt Gingrich has a Frannie problem. The former Speaker of the House used to work for Freddie Mac but is... More

Insider Trading in Congress

A new book puts faces on data suggesting members enrich themselves with nonpublic information

If I could short Congress, I would right now. Last night's 60 Minutes report, based on the work of conservative... More

The Times Eyes New Fees From the Banks

Everybody who skipped Bank Transfer Day ought to read this New York Times story today on how giant banks are... More

Debating Starkman’s “Confidence Game”

Rounding up responses

Dean Starkman’s critique of future-of-news gurus Jeff Jarvis, Clay Shirky, and Jay Rosen, among others, made a bit of splash,... More

Audit Notes: The Sovereign Risk Genie, Regulatory Complexity, Wal-Mart and Bank Fees

The Economist's Greg Ip says the European crisis, at its core, is not about Silvio Berlusconi or even Italian debt... More

Holding Aggregators to Journalistic Standards

Now I’ve got my rant off my chest, let me try to add a bigger-picture point to the noise surrounding... More

The Morning Call Revisits Amazon’s Work Conditions

Allentown workers baked in the summer, froze in the winter

Remember that Morning Call investigation a couple of months ago into an Amazon sweatshop outside Allentown, Pennsylvania? The paper showed... More

Audit Notes: Guardian Editor on Hackgate, Judge Rakoff, Confidence Game

Read Guardian Editor Alan Rusbridger's Orwell lecture for an excellent overview and analysis of Murdoch's hacking scandal, and his paper's... More

The Big Lie of the Crisis, Called Out By the Press

The false “banks didn’t do it” meme takes hold on the right, as Romney showed last night

At CNBC's GOP debate last night, Mitt Romney showed that he, like Michael Bloomberg, buys into the Big Lie of... More

It doesn’t add up - A science writer questions the conventional wisdom of US-born STEM workers

#Realtalk: Dear reader - For small sites, loyalty might be a better path to pageviews

Falling for internet hoaxes - Some people who share satire don’t realize they’re missing the punchline

Digital First plans layoffs (Updated) - High-level executives and high-profile digital projects targeted

Nobody’s that lucky’—except in Florida’s lottery? - Palm Beach Post ferrets out lottery fraud, prompts tightening of “meager” safeguards


How burrowing owls lead to vomiting anarchists

Or SF’s housing crisis explained

Jill Abramson on tattoos, Anita Hill, Nate Silver

“I’m very sorry, but The New York Times is always the prettiest girl at the party”

Bend it, charge it, dunk it

Graphene, the material of tomorrow

This one sentence explains what’s wrong with the Web

We escaped the tyranny of MSM gatekeepers only to replace it with the tyranny of the “news of the day”

New Jersey’s good government

Despite the bridge scandal, Chris Christie’s state is relatively transparent and accountable. CJR’s Greg Marx talks to Gordon Witkin

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