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

The Audit

The Free Press Probes Fannie and Freddie

The giant bailout recipients are dumping inventory in Detroit and pushing foreclosures over modifications

A Detroit Free Press investigation raises some interesting questions about why government-owned Fannie Mae and Freddie Mac are pushing foreclosures... More

Why the NYT Paywall Isn’t Like the FT’s

Fred Wilson has nice things to say about my analysis of the NYT paywall—thanks, Fred!—but it’s worth teasing out one... More

How the NYT Paywall Is Working

When I wrote about the success of the NYT paywall last month, I got a lot of pushback in... More

Feces, Fascists, and Michael Lewis

A flop from the best writer in financial journalism

Kevin Drum doesn’t think much of Michael Lewis’s latest European dispatch for Vanity Fair — and neither do I. There’s... More

Audit Notes: JPMorgan’s Denuded County, Recession Watch, Reporting Rumors

Bloomberg News revisits JPMorgan Chase's screwing of Jefferson County, Alabama, as the county debates whether to file for bankruptcy because... More

The WSJ Advances the Foreign-Exchange Gouging Story

The Wall Street Journal has a good investigation that advances its series of stories looking at how banks, and particularly... More

Ace in the Hole (1951)

What a sixty-year-old noir can tell us about the Murdoch hacking scandal

I’ve got Murdoch on the brain, but I couldn’t help thinking about the News of the World scandal while watching... More

Audit Notes: Picturing the Turmoil, WSJ vs. SmartMoney, Long Crisis

Lots of people are linking the Brokers With Hands On Their Faces Blog in the midst of the market turmoil... More

SmartMoney Makes a Hash of the Downgrade

Says borrowers face higher rates, despite sinking Treasury yields

Speaking of the Journal overhyping the S&P downgrade of U.S. Treasurys, its sister magazine SmartMoney has a doozy of a... More

The Journal Hypes the Downgrade

A three-day-old story gets the overkill treatment

That Standard & Poor's downgraded the U.S. from AAA to AA+ is a big story no doubt. But The Wall... More

Audit Notes: Murdoch’s Board, Hedge Funds Selling

How awful is News Corporation's corporate governance (among other things)? Bloomberg News on Viet Dinh, the guy who wrote the... More

The Long Crisis

The current tumult had its origins in the housing bust and Crash of 2008

The Wall Street Journal's new Money & Investing chief, Francesco Guerrera, has an awfully narrow perspective about "Why This Crisis... More

Market Mess

Troubles pile up for the financial system and the economy

What happened in the markets today? Good luck figuring that out (you can't, really). Let's just say it's some combination... More

Blaming the Audience: Almost Always a Bad Idea

Marketplace's Heidi N. Moore lays into a listener for getting upset about Wall Street wanting to cut her entitlements. In... More

Audit Notes: Decline and Fall, Inflation Falls Again, Stress Indicators

Your Decline and Fall Moment of the Day comes from Standard & Poor's, the credit-ratings firm that was a core... 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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Who Owns What

The Business of Digital Journalism

A report from the Columbia University Graduate School of Journalism

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Questions and exercises for journalism students.