The Audit

Audit Notes: Lehman’s Green Monster, Sands Storm, Amazon Taxes

By Ryan Chittum   Mar 11, 2011 at 07:55 PM

Bloomberg's Christine Harper Richard and Bob Ivry circle back to the Fenway deal Lehman Brothers made with Hudson Castle that... More

A Zombie Lie Is Born

CNBC’s false welfare-state story spreads far and wide

By Ryan Chittum   Mar 11, 2011 at 12:21 PM

Two days ago I fisked a false report from CNBC that said more than a third of all wages and... More

The WSJ Flags an Accounting Trick on Private Pensions

By Ryan Chittum   Mar 10, 2011 at 03:25 PM

The Wall Street Journal had an excellent story yesterday on how major companies are playing around with their pension accounting... More

Audit Notes: More Murdoch, Hiltzik on the Social Security Trust Fund

By Ryan Chittum   Mar 9, 2011 at 07:45 PM

A couple of weeks ago, Allan Sloan wrote about Rupert Murdoch is using $673 million of his shareholders' money to... More

Corporate Cousins

A walk down memory lane with the Murdoch media

By Ryan Chittum   Mar 9, 2011 at 05:08 PM

Daniel Gross brings up the fact that it's been two years since Michael Boskin's editorial in The Wall Street Journal... More

Conflating Social Security and Medicare/Medicaid

By Ryan Chittum   Mar 9, 2011 at 10:38 AM

Meanwhile, while we're pointing out games journalists play and the question of whether Social Security is welfare, WaPo's Robert J.... More

CNBC Misleads on “Welfare State” Dominance

Bad math overstates government payouts

By Ryan Chittum   Mar 9, 2011 at 10:20 AM

(UPDATE: See my follow-up post here: A Zombie Lie Is Born: CNBC’s false welfare-state story spreads far and wide.) There... More

The Times Ups the Ante on the SEC’s Madoff Mess

By Ryan Chittum   Mar 9, 2011 at 01:00 AM

The New York Times has a great scoop this morning advancing the ball on the SEC's entanglement with Bernie Madoff.... More

Deal Myopia in the WSJ and NYT on Hard Drive Merger

By Ryan Chittum   Mar 8, 2011 at 02:52 PM

Here's a good example of how poorly the business press covers acquisitions that could hurt competition. The Wall Street Journal... More

The NYT Tilts Toward the Banks on Debit Interchange Fees

By Felix Salmon   Mar 8, 2011 at 12:02 PM

Edward Wyatt has a big piece in The New York Times on the banks' last-ditch attempts to weaken the rules... More

Audit Notes: Journalists Subpoenaed, Private Pension Woes, Galleon

By Ryan Chittum   Mar 7, 2011 at 11:53 PM

Matthew Goldstein of Reuters reports that several business journalists are caught up in the crossfire between Fairfax Financial and hedge... More

The WSJ Overreaches On Wisconsin Democrats Story

By Ryan Chittum   Mar 7, 2011 at 02:24 PM

The Wall Street Journal went A1 with a big scoop this morning that "Democrats to End Union Standoff" in Wisconsin.... More

Audit Notes: Fox on the Overpaid, Winkler Smiles, FT Ads

By Ryan Chittum   Mar 4, 2011 at 06:33 PM

The Fox News propaganda machine has been ramped up to portray $700 a week teachers and other government employees as... More

Wall Street Running Out the Clock on Crash Charges (UPDATED)

Prosecutors finally focus on CDOs as the statute of limitations is running out

By Ryan Chittum   Mar 4, 2011 at 06:17 PM

The housing bubble popped five years ago. The securitization market went haywire four years ago, shortly after the derivatives market... More

Baby Boomers and the Labor Force

The aging of the population lowers the percentage of people working

By Ryan Chittum   Mar 4, 2011 at 01:52 PM

James Pethokoukis of Reuters looks at the job numbers out this morning, which showed headline unemployment dropping to 8.9 percent,... More